Notes to Accounts of Abhinav Leasing & Finance Ltd.

Mar 31, 2024

J. Provisions and Contingent Liabilities

Provision are recognized for present obligations , of uncertain timing or amount, arising as a result of a past event where a reliable
estimate can be made and it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation. Where it is not probable that an outflow of resources embodying economic benefits will be required or the amount cannot
be estimated reliably, the obligation is disclosed as a contingent liability unless the possibility of outflow of resources embodying
economic benefits is remote.

Possible obligations whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future
events, are also disclosed as contingent liabilities unless the possibility of outflow of resources embodying economic benefits is remote.

K. Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted
average number of equity shares during the year.

For the purpose of calculating diluted earnings per share the net profit or loss for the year attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

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Mar 31, 2015

Not Available.

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Mar 31, 2014

1. Contingent Liabilities

There is no Contingent Liability as on 31.03.2014.

2. Segment Information

The company is engaged only one reportable segment viz NBFC Activity. Hence segmental reporting as per accounting standard 17 is not applicable.

3. Related Parties

The Company has not entered into any transaction of material nature with the directors.

4. During the year confirmation letters have been issued, however few confirmations are received till date. Hence, balances of sundry debtors, sundry creditors, loans & advances payable or receivable are taken as per books and subject to confirmation and reconciliation, if any.

5. In the opinion of the Board of Directors the aggregate value of Current Assets, Loans & Advances on realization in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet.

6. Previous year figures have been regrouped and /or reclassified wherever necessary to make them comparable with those of current year.

7. Balance Sheet Abstract & Companies General Business Profile as per Part IV to Schedule of the Companies Act''1956 is as per Annexure attached.

8. The Company does not owe any sum to SSI Units exceeding Rs. 1 lac in terms of Notification No GSR129 (E), dated 22/02/1999.

9. In terms of accounting standard 19 on leases:

a. The company has entered into one lease agreement and lease rent in respect of same is charged to profit & loss account.

10. Additional information pursuant to the provisions of paragraph 3 and 4 of Part II of schedule VI of the Companies Act, 1956 is stated to the extent applicable to the Company.

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Mar 31, 2013

1. Contingent Liabilities

There is no Contingent Liability as on 31.03-2013.

2. Segment Information

The company is engaged only one reportable segment viz NBFC Activity. Hence segmental reporting as per accounting standard 17 is not applicable.

3. Related Parties

The Company has not entered into any transaction of material nature with the directors.

4. During the year confirmation letters have been issued, however few confirmations are received till date. Hence, balances of sundry debtors, sundry creditors, loans & advances payable or receivable are taken as per books and subject to confirmation and reconciliation, if any.

5. In the opinion of the Board of Directors the aggregate value of Current Assets, Loans & Advances on realization in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet.

6. Previous year figures have been regrouped and /or reclassified wherever necessary to make them comparable with those of current year.

7. Balance Sheet Abstract & Companies General Business Profile as per Part IV to Schedule of the Companies Act'1956 is as per Annexure attached.

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Mar 31, 2011

1. Contingent Liabilities

There is no Contingent Liability as on 31.03.2011.

2. Segment Information:

The company is engaged only one reportable segment viz NBFC Activity.

Hence segmental reporting as per accounting standard 17 is not applicable.

3. Related Parties

a) Transaction on sale purchases of securities with the related parties arc done the prevailing market price.

4. During the year confirmation letters have been issued, however tew confirmations are received tilt date. Hence, balances of sundry debtors, sundry creditors, loans & advances payable or receivable arc taken as per books and subject to confirmation and reconciliation, if any.

5. In the opinion of the Board of Directors the aggregate value of Current Assets, Loans & Advances on realization in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet

6. Previous year figures have been regrouped and /or reclassified wherever necessary to make them comparable with those of current year.

7. Balance Sheet Abstract & Companies General Business Profile as per Part IV to Schedule of the Companies Act'1956 is as per Annexure attached.

8. The Company does not owe any sum to SSI Units exceeding Rs 1 lacs in terms of Notification No GSR 129 (E), dt. 22/02/1999,

9. Additional information pursuant to the provisions of paragraph 3 and 4 of Part II of schedule VI of the Companies Act,!956 is stated to the extent applicable to the Company.