Notes to Accounts of Apoorva Leasing Finance & Investment Co. Ltd.

Mar 31, 2024

4.14 Provisions, Contingents Liabilities and Contingent Assets

I. A Provision is recognized when the company has present obligation as a result of past event and it is probable that outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. Provisions are not discounted to

their present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

II. Contingent Liabilities are disclosed separately by way of note to financial statements after careful evaluation by the managements of the facts and legal aspects of the matter involved in case of:

a) At present obligation arising from the past event, when it is not probable that an outflow of resources will be required to settle the obligation.

b) A possible obligation, unless the probability of outflow of resources is remote.

III. Contingent Assets are neither recognized, nor disclosed in the financial statements.

4.15 Taxation

Taxes on income comprise current taxes and deferred taxes. Current tax in the Statement of Profit and Loss is provided as the amount of tax payable in respect of taxable income for the period using tax rates and tax laws enacted during the period, together with any adjustment to tax payable in respect of previous years.

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities and the amounts used for taxation purposes (tax base), at the tax rates and tax laws enacted or substantively enacted by the end of the reporting period. Deferred tax assets are recognized for the future tax consequences to the extent it is probable that future taxable profits will be available against which the deductible temporary differences can be utilized. Income tax, in so far as it relates to items disclosed under other comprehensive income or equity, are disclosed separately under other comprehensive income or equity, as applicable.

Deferred tax assets and liabilities are offset when there is legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on net basis, or to realize the asset and settle the liability simultaneously.

4.16 Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss (excluding other comprehensive income) for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted averages number of equity shares outstanding during the year.

4.17 Critical accounting judgements and key sources of estimation uncertainty

The preparation of the standalone financial statements in conformity with the Ind AS requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities and disclosures as at date of the standalone financial statements and the reported amounts of the revenues and expenses for the years presented. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates under different assumptions and conditions.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

4.18Additional Regulatory Information

(1) Title deeds of Immovable Property not held in name of the Company

Provide the details of all the immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favor of the lessee) whose title deeds are not held in the name of the company in format given below and where such immovable property is jointly held with others, details are required to be given to the extent of the company''s share.

C urrent Year

5.1 Previous year figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

5.2 In the opinion of Board of Director, the Current Assets, Loans &Advances have a value on realization in the ordinary course of business at least equal to

the amount at which these are stated.

5.3 The Company has presented segment information in the consolidated financial statements which are presented in the same financial report.

Accordingly, in terms of Paragraph 4 of Ind AS 108 ''Operating Segments'', no disclosures related to segments are presented in this standalone financial statement.

5.4 As per Ind AS-24 on related Party disclosure notified by the central government under the companies Act, there are some related Party transactions

during the year. The disclosure of related party transactions is as follows.

5.8 Contingent Liabilities & Pending Litigation

• There is a pending Income Tax case A.Y. 2011-12 before Commissioner of Income Tax Appeal. The Income tax Department has raised the demand of Rs. 5952050/-. The management is hopeful to get decision in favor of the company.

•

5.9 There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31^st March 2024. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.

The accompanying notes are an integral part of the financial statements.

As per our report of even date

For SINGHAL & GUPTA For and on behalf of the Board of Directors

Chartered Accountants (FRN: 030703C)

Ankur Agarwal ATUL SINGH TYAGI ANUPAMA SINGH TYAGI

Partner MANAGING DIRECTOR CFO DIRECTOR

Membership No.: 407510 DIN: 01335008 DIN: 01064611

Place: Noida Date: 30/05/2024

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Mar 31, 2018

Note No. 6 Property,Plant & Equipment as at 31st March 2018

in Lakhs

	Assets		Gross Block					Accumulated Depreciation/ Amortisation				Net Block
		Useful Life (In Years)	Balance as at 1st April 2017	Additions during the year	Addition on account of business acquisition	Deletion during the year	Balance as at 31st March 2018	Balance as at 1st April 2017	Provided during the year	Deletion / adjustments during the year	Balance as at 31st March 2018	Balance as at 31st March 2018	Balance as at 31st March 2017
A	Tangible assets
	Own Assets
	Computer	3	0	2.02	0.00	0.00	2.02	0.00	1.00	o.oo|	1.00	1.02	0
	Printer	5	0	0.14	0.00	0.00	0.14	0.00	0.02	o.ooj	0.02	0.12	0
	Total (A)		0	2.16	0	0	2.16	0	1.02	0	1.02	1.14	0

General Notes :

11 No depreciation if remaining useful life is negative or zero.

12 If asset is used less than 365 days during current financial year then depreciation is equals to w.d.v as on 31-03-2017 less residual value.

13) Depreciation is calculated on pro-rata basis in case asset is purchased/sold during current F.Y.

14) If above assets is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation | [shall be calculated on the basis of 100% for that period.

Note No. 6 Property,Plant & Equipment as at 31st March 2017

Assets

Gross Block

Accumulated Depreciation/ Amortisation

Net Block

Balance as

Balance as

Balance as

Balance as

Balance as

Balance as

Useful Life (In Years)

at 1st April 2016

Additions during the year

Addition on account of business acquisition

Deletion during the year

at 31st March 2017

at 1st April 2016

Provided during the year

Deletion / adjustments during the year

at 31st March 2017

at 31st March 2017

at 31st March 2016

A

Tangible

assets

Own Assets

Total (A)

0

0

0

0

0

0

0

0

0

0.00

0

Note No. 6 Property,Plant & Equipment as at 31st March 2016

in Lakhs

Assets

Gross Block

Accumulated Depreciation/ Amortisation

Net Block

Balance as

Balance as

Balance as

Balance as

Balance as

Balance as

Useful Life (In Years)

at 1st April 2015

Additions during the year

Addition on account of business acquisition

Deletion during the year

at 31st March 2016

at 1st April 2015

Provided during the year

Deletion / adjustments during the year

at 31st March 2016

at 31st March 2016

at 31st March 2015

A

Tangible

assets

Own Assets

Total (A)

0

0

0

0

0

0

0

0

0

0.00

0

Note No. 7 Investment Properties

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Narela Property	8.86	8.86	8.86
Plot No. 73, Sector-145,Noida	175.51	0.00	0.00
Flat No. 307, Vasant Kunj	140.00	98.00	0.00
Flat No. 403, Vasant Kunj	120.00	80.00	0.00
Flat at Gayatri Life,Noida	199.99	199.99	0.00
Total	644.36	386.85	8.86

Note No. 8 Financial Assets (Investment)

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Investments in equity Instruments (Quoted)
In Others
Investment in public sector equity instruments quoted
trade (At Market Value)	50.66	25.86	0.00
Non-Trade lnvestment(Valued at cost unless stated
otherwise)
Investments in equity Instruments (Unquoted)
In Others
Investment in other Indian companies equity instruments
unquoted non trade (At cost)	75.00	75.00	5.00
Investment in subsidiaries unquoted non-trade (At cost)	31.00	31.00	54.00
Investment in Associates (At cost)	477.47	101.00	2594.50
Investments in Mutual Funds (Quoted)
In Others
Mutual funds long-term quoted non-trade (Lower of cost and Market value)	3987.47	0.56	26.62
Total	4,621.60	233.42	2,680.12

Note No. 9 Financial Assets (Trade Receivable)

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Exceeding six months
Unsecured, Considered Good	0.50	0.00	0.00
Total	0.50	0.00	0.00
Less than six months
Unsecured, Considered Good	24.14	473.41	4.21
Total	24.14	473.41	4.21
Total	24.63	473.41	4.21

Note No. 10 Deferred Tax

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Deferred tax assets
Deferred tax assets	0.07	0.00	0.00
Deferred tax Liabilities			0.08
Gross deferred tax asset	0.07	0.00
Net deferred tax assets	0.07	0.00	0.00
Net deferred tax liability	0.00	0.00	0.08

Note No. 11 Other Non current Assets

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Other Non Current Assets non-trade (At cost)	20.00	0.00	0.00
Total	20.00	0.00	0.00

Note No. 12 Inventories

Particulars	31st March 201 8	31st March 201 7	01st April 2016
(Valued at cost ) Traded goods(Basis of valuation :At cost)	1070.93	44.62	0.00
Total	1070.93	44.62	0.00

Note No. 13 Cash and Cash Equivalents

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Balance with banks
Fixed deposits with banks	0.00	0.00	2948.66
Other balances with banks	55.96	0.39	588.61
Total	55.96	0.39	3,537.27
Cheques,drafts on hand
Bank Reconciliation	-6.29	100.50	26.40
Total	-6.29	100.50	26.40
Cash in hand
Cash in hand	20.17	0.07	18.27
Total	20.17	0.07	18.27
Total	69.84	100.96	3,581.95

Note No. 14 Loans

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Other loans and advances Unsecured loans and advances value to be received	5614.02	9805.21	4117.82
Total	5614.02	9805.21	4117.82

Note No. 15 Current Tax Assets (Net)

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Tax Deducted at Source Unsecured Deposits with statutory authorities .	53.70 118.37	29.81 54.81	48.08 18.41
Total	172.07	84.62	66.49

Note No. 16 Other Current Assets

Particulars	31st March 201 8	31st March 201 7	01st April 2016
Other Assets
Other Assets	786.69	779.69	1382.25
Ankur K Gupta and CO.	0.01	0.00	0.19
Akshat commodity Limited- Margin	0.00	0.00	2.00
Globe capital Market Ltd.- Security Deposit	0.05	0.05	0.05
DD in Hand	0.00	5.00	0.00
Advance for Future and Option	0.15	3.19	0.00
Prepaid Expenses	0.07	0.00	0.00
Loan to Staff	4.45	0.00	0.00
Total	791.41	787.93	1384.49

Note No. 17 Equity Share Capital

Particulars	31st March 2018	31st March 201 7	01st April 2016
Authorised :
20000000 (31/03/2017:20000000) Equity shares of Rs. 10.00/- par value	2000.00	2000.00	2000.00
Issued :
19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value	1997.49	1997.49	1997.49
Subscribed and paid-up :
19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value	1997.49	1997.49	1997.49
Total	1997.49	1997.49	1997.49

Reconciliation of the Shares outstanding at the beginning and at the end of the reporting period Equity shares

	As at 31st March 2018		As at 31st March 2017		As at 31st March 2016
	No. of Shares	Amount	No. of Shares	Amount	No. of	Amount
					Shares
At the beginning of the period	19974900	1997.49	19974900	1997.49	19974900	1997.49
Issued during the Period	0	0	0	0.00	0	0
Redeemed or bought back during	0	0	0	0.00	0	0
the period
Outstanding at end of the period	19974900	1997.49	19974900	1997.49	19974900	1997.49

Right, Preferences and Restriction attached to shares Equity shares

The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the

Details of shareholders holding more than 5% shares in the company

Type of ShareName of Shareholders

Type of Share	Name of Shareholders	As at 31st March 2018		As at 31st March 2017		As at 1st April 2016
		No. of Shares	% of Holding	No. of Shares	%of Holding	No. of Shares	% of Holding
Equity [NV: 10.00]	Avail Financial Services Pvt. Ltd.					2688000	13.46
Equity [NV: 10.00]	HILLRIDGE INVESTMENTS LIMITED	1018000	5.1	1018000	5.1	1018000	5.1
Equity [NV: 10.00]	KD STOCK BROKING PRIVATE LIMITED	3398300	17.01	3398300	17.01
Equity [NV: 10.00]	Lovely Securities Pvt. Ltd.	1394500.00	6.98	1394500.00	6.98	1394500	6.98
Equity [NV: 10.00]	Sri Endrash Investment and Finance Pvt. Ltd.					2206000	11.04
Equity [NV: 10.00]	TIMES CAPITAL SERVICES PRIVATE LIMITED	2404500.00	12.04	2206000	11.04
Equity [NV: 10.00]	Traditional Growth Fund Limited					2171000	10.87
Equity [NV: 10.00]	VARIMA EXPORTS PVT LTD	2380000.00	11.91	2171000	10.87
Equity [NV: 10.00]	Virgin Capital Services Pvt. Ltd.					1690500	8.46
	Total :	10595300	53.04	10187800	51	11168000	55.91

Note No. 18 Borrowings

Particulars	31st March 2018	31st March 2017	01st April 2016
(B) Others Loans directors Unsecured	0.00	0.00	4.57
Total	0.00	0.00	4.57

Note No. 19 Trade Payables

Particulars	31st March 2018	31st March 2017	01st April 2016
(B) Others Sundry Creditors	16.83 16.83	0.25 0.25	0.46 0.46
Total	16.83	0.25	0.46

Note No. 20 Other Current Liabilities

Particulars	31st March 2018	31st March 2017	01st April
			2016
Others payables
Other current liabilities, others	660.06	13.64	5.16
Total	660.06	13.64	5.16

Note No. 21 Current Tax Liabilities (Net)

Particulars	31st March 2018	31st March 2017	01st April 2016
Current tax provision	106.41	24.25	11.68
Tax on OCI	24.88	0.12	0.00
Net current tax liability	131.29	24.37	11.68

Note No. 22 Revenue from operations

Particulars	31st March 2018	31st March 2017
Sale of products
SALE OF COMMODITY	303.81	0.00
	303.81	0
Other operating revenues
INTEREST ON FDR	0.00	62.72
INTEREST ON LOAN GIVEN	587.95	334.73
CAPITAL GAIN ON MUTUAL FUND	2.73	165.95
Profit on commodity trading	29.38	0.00
Profit on Fand O Trading	6.05	0.00
	626.11	563.41
Net revenue from operations	929.91	563.41

Note No. 23 Other income

Particulars	31st March 2018	31st March 2017
Dividend Income	0.48	0.13
Net gain/loss on sale of investments	0	0.58
Other non-operating income
Round off	0	0.00
Discount Received	0.01	0.00
	0.01	0.00
Total	0.49	0.71

Note No. 24 Purchase of stock-in-trade

Particulars	31st March 2018	31st March 2017
Purchase of Commodity	1364.25	44.62
Total	1364.25	44.62

Note No. 25 Changes in inventories

Particulars	31st March 2018	31st March 2017
Inventory at the end of the year
Traded Goods	1070.93	44.62
	1070.93	44.62
Inventory at the beginning of the year
Traded Goods	44.62	0.00
	44.62	0.00
(lncrease)/decrease in inventories
Traded Goods	-1026.31	-44.62
	-1026.31	-44.62

Note No. 26 Employee benefit expenses

Particulars	31st March 2018	31st March 2017
Salaries and Wages
Salary and wages	33.05	35.54
Director Remuneration	39.00	24.00
Bonus	0.87	1.46
	72.91	61.00
Staff welfare Expenses	2.18	1.38
Total	75.09	62.37

Note No. 27 Finance costs

Particulars	31st March 2018	31st March 2017
Interest
Interest onTDS	0.02	0.00
Interest on short-term loans from banks	0.00	0.41
	0.02	0.41
Total	0.02	0.41

Note No. 28 Depreciation and amortization expenses

Particulars	31st March 2018	31st March 2017
Depreciation on tangible assets	1.02	0.00
Total	1.02	0.00

Note No. 29 Other expenses

Particulars	31st March 2018	31st March 2017
Account Opening Charges	0.02	0.00
Advertising expenses	0.43	0.35
AMC charges	0.02	0.02
Audit fees	0.25	0.15
Bank charges	0.03	0.01
Books periodicals	0.00	0.10
CDSL custodial Fee	0.52	0.52
Share Trading charges	0.00	0.04
Commodity Trading Expenses	2.58	3.61
Conveyance expenses	1.54	1.55
Delivery Expenses	2.78	2.78
DEMAT Charges	0.01	0.02
E-Voting Expenses	0.01	0.00
Electricity expenses	0.55	0.07
Festival celebration expenses	0.00	0.24
Listing Fee	2.88	2.29
Legal and professional expenses	13.64	2.36
NSDL Custodial Fee	0.53	0.52
NSDL Fee	0.00	0.02
Office Expenses	1.57	1.41
Office rent	0.60	0.60
Penalty- Income tax	1.50	1.50
Physical withdrawal charges	0.14	0.00
Prior Period Expenses	0.10	0.00
Printing and stationery	0.43	0.61
Postage expenses	0.09	0.13
Registrar charges	0.40	0.46
Website expenses	0.01	0.01
Warehouse Charges	11.27	0.00
Repair and Maintenance	0.62
ROC Compliance charges	0.42	0.53
Telephone expenses	0.49	0.35
Transaction Charges for commodity Purchase	1.48	0.00
Bad debts written off	0.00	1.19
Misc. Expenses	0.39	0.76
Loss on Forex Trading	84.93	83.11
Loss on Commodity Trading	0.00	318.25
Loss on Future and Option	0.00	037
Round Off	0.00	0..00
Trveiiing Expenses	1.73	0.00
Total	131.98	419.58

Note No. 30 Current tax

Particulars	31st March 2018	31st March 2017
Current tax pertaining to current year	106.41	24.25
Total	106.41	24.25

Notes to the financial statements for the year ended 31 March 2018

31 Fair values

Fair value measurement include both the significant financial instruments stated at amortised cost and at fair value in the statement of financial position. The carrying values of current financial instruments approximate their fair values due to the short-term maturity of these instruments.

The carrying value and fair value of financial instruments by categories as of March 31, 2018 are as follows :

Particulars	At amortised costs	At fair value through profit and loss		at fair value through OCI	Total carrying value	Total fair value
Assets Investments	583.47		0.00	4038.13	4621.60	4621.60
Trade receivables	24.63		0.00	0.00	24.63	24.63
Cash and cash equivalents	69.84		0.00	0.00	69.84	69.84
Loans	5614.02		0.00	0.00	5614.02	5614.02
Other financial assets	0.00		0.00	0.00	0.00	0.00
	6291.96		0.00	4038.13	10330.09	10330.09

Liabilities Short term borrowings
Trade payables Other financial liabilities	16.83	16.83	16.83
	16.83	16.83	16.83

The carrying value and fair value of financial instruments by categories as of March 31, 2017 are as follows :

Particulars	At amortised costs	At fair value through profit and loss	at fair value through OCI	Total carrying value	Total fair value
Assets Investments	207.00	0.00	26.42	233.42	233.42
Trade receivables	473.41	0.00	0.00	473.41	473.41
Cash and cash equivalents	100.96	0.00	0.00	100.96	100.96
Loans Other financial assets	9805.21	0.00	0.00	9,805.21	9,805.21
	10,586.57	-	26.42	10,612.99	10,612.99
Liabilities Short term borrowings
Trade payables Other financial liabilities	0.25	-	-	0.25	0.25
	0.25	-	-	0.25	0.25

The carrying value and fair value of financial instruments by categories as of April 01, 2016 are as follows :

Particulars

At amortised costs

At fair value through profit and loss

at fair value through OCI

Total carrying value

Total fair value

Assets
Investments	2653.50	26.62	2,680.12	2,680.12
Trade receivables	0.00		-
Cash and cash equivalents	3581 .95		3,581.95	3,581.95
Loans	4117.82		4,117.82	4,117.82
Other financial assets	.		-
	10,353.27	26.62	10,379.89	10,379.89
Liabilities
Short term borrowings	4.57		4.57	4.57
Trade payables	0.46		0.46	0.46
Other financial liabilities	.		-
	5.03		5.03	5.03

32 Financial risk management objectives and policies

The risk management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities.

The Management has overall responsibility for the establishment and oversight of the Company''s risk management framework.

In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.

33 Credit risk on financial assets

Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.

Trade receivables Other financial assets

The company''s maximum exposure to credit risk as at 31 March 2018 & 31 March 2017 is the carrying value of each class of financial assets.

(a) Ageing analysis of the age of trade receivable amounts that are not due as at the end of reporting year:

Particulars	As at 31 March 2018	As at 31 March 2017	As at 1 April 2016
Within credit days	-	-	-
	-	-	-

(b) Ageing analysis of the age of trade receivable amounts that are past due as at the end of reporting year but not impaired:

Particulars	As at 31 March 2018	As at 31 March 2017	As at 1 April 2016
Trade receivables:	24.14	473.41	4.21
Less than 180 days
Over 180 days upto 365 days	0.00	0.00	0.00
Over 365 days	0.50	0.00	0.00
120 to 180 days	-	-	-
Over 180 days Total	-	-	-
	24.63	473.41	4.21

34 Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. However, the Company does not have currency and other price risk as at 31 March 2018 (31 March 2017: Nil)

35 Interest rate risk

The interest rate risk exposure is mainly from changes in fixed and floating interest rates. The interest rate are disclosed in the respective notes to the financial statement of the Company. The following table analyse the breakdown of the financial assets and liabilities by type of interest rate:

Particulars	As at 31 March 2018	As at 31 March 2017	As at 1 April 2016
Financial assets
Non interest bearing
Investments	4621.60	233.42	2653.50
Trade receivables	24.63	473.41	4.21
Loans	5.00	5.00	0.00
Cash and cash equivalent	69.84	100.96	633.29
Other financial assets	0.00	0.00	0.00
Financial Liabilities
Interest bearing
- fixed interest rate	0.00	0.00	0.00
Borrowings	0.00	0.00	4.57
Other financial liabilities (Current maturities of long-term borrowings)	0.00	0.00	0.00
- floating interest rate
Borrowings	0.00	0.00	0.00
- fixed interest rate
Borrowings	0.00	0.00	0.00
Non interest bearing
Trade payables	16.83	0.25	0.46
Other financial liabilities (other than current maturities of long-term borrowings)	0.00	0.00	0.00

36 Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected. With all other variables held constant, the Company''s profit before tax is affected through the impact on floating rate borrowings, as follows:

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Mar 31, 2015

1. The company has only one class of equity Shares having Par Value of Rs 10 per Share. All these Shares have Same right & preferences with respect to payment of dividend, repayment of Capital & Voting.

2. The reconciliation of the number of Shares outstanding is set out Below

3. Previous years figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

4. In the opinion of Board of Director, the current Assets, loans & advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

5. As per the Provision of AS-13, Accounting of Investments, investment purchased for the resale purpose should be valued at cost or market price whichever is lower, so that the company has valued it's currently purchased all stock in trade at less value that is cost.

6. During the year, the company purchased a commercial property (Shop) from Delhi development Authority situated at Narela, New Delhi for consideration of Rs 9, 06,405/-.

7. The company has invested Rs 44,23,30,733/- in the Fixed deposit, is part of Cash & Cash equivalents and further the fixed Deposit are easily marketable Assets.

8. During the year, the company has traded in Commodity, and the company has to suffered loss of Rs 1,71,50,668. Earlier the company has adopted the policy of showing these purchases and sale as trading in security thus the company had counted this sale as turnover of the company later the statutory auditor of the company raised objection for adoption of wrong policy. Actually these trading are in futures & options segment of the commodity, and as per the prescribed provision, these transactions could not be treated as trading. And the whole loss arising through trading in futures & options segment should be taken into consideration directly by "Marked to market".

9. Earlier the company has invested ' 2 Crore funds in convertible warrants but during the year, the board of Directors of the company finds that these convertible warrants cannot be converted into shares as well as cannot be redeemed. So the board of the directors took decision to written off these convertible warrants from the Retained earnings.

10. The company's business activity falls within single primary/ secondary business segment viz. Finance Activity. The disclosure requirement of Accounting standard (AS) -17 "Segment Reporting "issued by the Institute of chartered Accountants of India, therefore is not applicable.

11. Related Party Disclosure:

As per Accounting Standard 18 on Related Party disclosure issued by the Institute of chartered Accountants of India, there is no related Party transaction during the year.

12. Contingent Liabilities & Pending Litigations:

There is a pending Tax demand of Rs 60,02,240/- against the company. The above demand was raised by Department in A.Y. 2012-13. The demand of appeal is pending before CIT (A) till date. The Company is hopeful to get relieved from.

13. Earning per Share "AS-20" issued by the Institute of chartered Accountants of India:

14. The Company estimates the deferred tax created / (credit) using the applicable rate of Taxation based on the impact of timing Difference s between financial Statements and Estimated taxable income for the current Year. The company has reversed differed tax liabilities, created last year, because of Property purchased.

15. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31st March 2015. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

16. Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto.

17. Details of contracts or arrangements or transactions not at arm's length basis

(a) Name(s) of the related party and nature of relationship: NIL

(b) Nature of contracts/arrangements/transactions: NIL

(c) Duration of the contracts / arrangements/transactions: NIL

(d) Salient terms of the contracts or arrangements or transactions including the value: NIL

(e) Justification for entering into such contracts or arrangements or transactions: NIL

(f) Date of approval by the Board: NIL

(g) Amount paid as advances: NIL

(h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188: NIL

18. Details of material contracts or arrangement or transactions at arm's length basis

(a) Name(s) of the related party and nature of relationship: NIL

(b) Nature of contracts/arrangements/transactions: NIL

(c) Duration of the contracts / arrangements/transactions: NIL

(d) Salient terms of the contracts or arrangements or transactions including the value: NIL (e)

Date(s) of approval by the Board: NIL

(f) Amount paid as advances, if any: NIL

---

Mar 31, 2014

For the purpose of calculating diluted earning per share, the net profit or loss for the year attributable to a; it reholders and the weighted average number of shares outstanding during the year are adiu ted for the effects of all diluted potential equity shares.

(1) Cash and Cash equivqlents

cash and cash in the cash llow statements comprise cash at bank and in hand and highly liquid in that are readily convertible into known amount of cash.

1. Previous years have been reworked, regrouped, & reclassified wherever necessary to confirm to presentation.

2. Balance standard & credit oi parlies are subject to confirmation.

3. In the opinio of Director, the current Assets, loans & advances have a value on realization in y course of business at least equal to the amount at which these are stated.

4. During the y ny has purchased Quoted Securities and Commodities that is considered as st e by the Management.

5. As per the hr. AS-2, Accounting of inventories, Stock in trade should be valued at cost or mark , whichever is lower, so that the company has valued it's currently purchased all se at less value that is cost.

6. The company property on profit of 8, 79,968, purchased last year, which do not affect the i n of the company and depreciation charges as per schedule XIV.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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From

INR - Indian Rupee USD - United States Dollar EUR - Euro GBP - British Pound Sterling AED - United Arab Emirates Dirham SAR - Saudi Riyal AUD - Australian Dollar OMR - Omani Rial MYR - Malaysian Ringgit CAD - Canadian Dollar CHF - Swiss Franc ZAR - South African Rand SGD - Singapore Dollar JPY - Japanese Yen BHD - Bahraini Dinar KWD - Kuwaiti Dinar QAR - Qatari Riyal BMD - Bermudian Dollar ARS - Argentine Peso AWG - Aruban Florin BAM - Bosnia and Herzegovina convertible mark BBD - Barbadian Dollar BDT - Bangladeshi Taka BGN - Bulgarian Lev BOB - Bolivian Boliviano BRL - Brazilian Real BSD - Bahamian Dollar BWP - Botswana Pula CLP - Chilean Peso CNY - Chinese Yuan COP - Colombian Peso CZK - Czech Koruna DKK - Danish Krone DOP - Dominican Peso EGP - Egyptian Pound FJD - Fijian Dollar GHS - Ghana Cedi GMD - Gambian Dalasi GTQ - Guatemalan Quetzal HKD - Hong Kong Dollar HRK - Croatian Kuna HUF - Hungarian Forint IDR - Indonesian Rupiah ILS - Israeli Sheqel IRR - Iranian Rial ISK - Icelandic Krona JMD - Jamaican Dollar JOD - Jordanian Dinar KES - Kenyan Shilling KHR - Cambodian Riel KRW - South Korean Won LAK - Lao Kip LBP - Lebanese Pound LKR - Sri Lankan Rupee MAD - Moroccan Dirham MDL - Moldovan Leu MGA - Malagasy Ariary MKD - Macedonian Denar MUR - Mauritian Rupee MVR - Maldivian Rufiyaa MXN - Mexican Peso NAD - Namibian Dollar NGN - Nigerian Naira NOK - Norwegian Krone NPR - Nepalese Rupee NZD - New Zealand Dollar PAB - Panamanian Balboa PEN - Peruvian Sol PHP - Philippine Peso PKR - Pakistani Rupee PLN - Polish Zloty PYG - Paraguayan Guaraní RON - Romanian Leu RSD - Serbian Dinar RUB - Russian Rouble SCR - Seychellois Rupee SEK - Swedish Krona SYP - Syrian Pound THB - Thai Baht TND - Tunisian Dinar TRY - Turkish Lira TTD - Trinidad and Tobago Dollar TWD - Taiwanese Dollar UAH - Ukraine Hryvnia UGX - Ugandan Shilling UYU - Uruguayan Peso VES - Venezuelan Bolívar VND - Vietnamese Dong XAF - Central African Franc XCD - East Caribbean Dollar XOF - West African Franc XPF - CFP Franc

To

INR - Indian Rupee USD - United States Dollar EUR - Euro GBP - British Pound Sterling AED - United Arab Emirates Dirham SAR - Saudi Riyal AUD - Australian Dollar OMR - Omani Rial MYR - Malaysian Ringgit CAD - Canadian Dollar CHF - Swiss Franc ZAR - South African Rand SGD - Singapore Dollar JPY - Japanese Yen BHD - Bahraini Dinar KWD - Kuwaiti Dinar QAR - Qatari Riyal BMD - Bermudian Dollar ARS - Argentine Peso AWG - Aruban Florin BAM - Bosnia and Herzegovina convertible mark BBD - Barbadian Dollar BDT - Bangladeshi Taka BGN - Bulgarian Lev BOB - Bolivian Boliviano BRL - Brazilian Real BSD - Bahamian Dollar BWP - Botswana Pula CLP - Chilean Peso CNY - Chinese Yuan COP - Colombian Peso CZK - Czech Koruna DKK - Danish Krone DOP - Dominican Peso EGP - Egyptian Pound FJD - Fijian Dollar GHS - Ghana Cedi GMD - Gambian Dalasi GTQ - Guatemalan Quetzal HKD - Hong Kong Dollar HRK - Croatian Kuna HUF - Hungarian Forint IDR - Indonesian Rupiah ILS - Israeli Sheqel IRR - Iranian Rial ISK - Icelandic Krona JMD - Jamaican Dollar JOD - Jordanian Dinar KES - Kenyan Shilling KHR - Cambodian Riel KRW - South Korean Won LAK - Lao Kip LBP - Lebanese Pound LKR - Sri Lankan Rupee MAD - Moroccan Dirham MDL - Moldovan Leu MGA - Malagasy Ariary MKD - Macedonian Denar MUR - Mauritian Rupee MVR - Maldivian Rufiyaa MXN - Mexican Peso NAD - Namibian Dollar NGN - Nigerian Naira NOK - Norwegian Krone NPR - Nepalese Rupee NZD - New Zealand Dollar PAB - Panamanian Balboa PEN - Peruvian Sol PHP - Philippine Peso PKR - Pakistani Rupee PLN - Polish Zloty PYG - Paraguayan Guaraní RON - Romanian Leu RSD - Serbian Dinar RUB - Russian Rouble SCR - Seychellois Rupee SEK - Swedish Krona SYP - Syrian Pound THB - Thai Baht TND - Tunisian Dinar TRY - Turkish Lira TTD - Trinidad and Tobago Dollar TWD - Taiwanese Dollar UAH - Ukraine Hryvnia UGX - Ugandan Shilling UYU - Uruguayan Peso VES - Venezuelan Bolívar VND - Vietnamese Dong XAF - Central African Franc XCD - East Caribbean Dollar XOF - West African Franc XPF - CFP Franc

• 1 USD = 89.577 (USD to INR)
• 1 EUR = 104.886 (EUR to INR)
• 1 GBP = 119.845 (GBP to INR)

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Period 7-14 Days 15-30 Days 31-45 Days 46-90 Days 4-6 Months 7-12 Months 1-2 Years 2-5 Years 5-10 Years >10 Years

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Particulars	As at 31 March 2018	As at 31 March 2017	As at 1 April 2016
Increase in basis points Effect on profit before tax	-	-	-
Decrease in basis points Effect on profit before tax	-	-	-