Notes to Accounts of Zenith Capitals Ltd.

Mar 31, 2018

Notes Forming Integral Part of the Balance Sheet as at 31st March, 2018

Note: 1 Share Capital

Sr. No.	Particulars	31st March, 2018		31st March, 2017
		No of Shares	Amount (Rs.)	No of Shares	Amount (Rs.)
1	Authorised Share Capital Equity Shares of Rs 10.00 each	20,00,000	2,00,00,000	20,00,000	2,00,00,000
	Total	20,00,000	2,00,00,000	20,00,000	2,00,00,000
2	Issued Share Capital Equity Shares of Rs 10.00 each	19,20,000	1,92,00,000	19,20,000	1,92,00,000
	Total	19,20,000	1,92,00,000	19,20,000	1,92,00,000
3	Subscribed and fully paid Equity Shares of Rs 10.00 each	19,20,000	1,92,00,000	19,20,000	1,92,00,000
	Total	19,20,000	1,92,00,000	19,20,000	1,92,00,000
4	Subscribed but not fully paid	-	-	-	-

Note No: 1 - 2

Reconciliation of share capital

Sr. No	Particulars	31st March, 2018		31st March, 2017
		Number	Amount (Rs.)	Number	Amount (Rs.)
1	Equity Shares (Face Value Rs 10) Shares outstanding at the beginning of the year	19,20,000	1,92,00,000	19,20,000	1,92,00,000
	Shares Issued during the year	-	-	-	-
	Shares bought back during the year	-	-	-	-
	Shares outstanding at the end of the year	19,20,000	1,92,00,000	19,20,000	1,92,00,000

Note : 1 - 3

Share Holding Pattern

(in case of share holders holding more than 5% of Total number of Shares issued, subscribed and paid up)

Sr. No	Name of Shareholder	Equity Shares
		31st March, 2018		31st March, 2017
		No. of Shares held	% of Holding	No. of Shares held	% of Holding
1	Mansa Developers Private Limited	14,32,450	74.61%	14,32,450	74.61%

Note No: 1 - 4

For the Period of Five years immediately preceding the date as at which Balance Sheet is prepared the Company has not: (i) Allotted any shares in pursuance to contract(s) without payment being received in Cash. (11) Allotted any shares by way of Bonus Shares (iii) Bought back any shares

Notes Forming Integral Part of the Balance Sheet as at 31st March, 2018 Note : 2 Reserves & Surplus

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	General Reserve	12,75,000	12,75,000
a)	Surplus	(73,49,676)	(66,03,844)
i)	Opening Balance	(66,03,844)	(61,74,622)
u)	Add: Current year transfer	(7,45,832)	(4,29,222)
iii)	Less: Written back in current year	-	-
IV)	Closing Balance	(73,49,676)	(66,03,844)
	Total	(60,74,676)	(53,28,844)

Note : 3

Long Term Borrowings

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Unsecured	-	8,74,785
a)	Other Loans and Advances		8,74,785
	Total	-	8,74,785

Note : 4

Other Current Liabilities

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Other Payables	1,03,414	99,675
	Total	1,03,414	99,675

Note : 5

Short Term Provisions

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Provisions for Employees Benefits	-	-
2	Others	2,44,603	2,37,768
	Total	2,44,603	2,37,768

Note Forming Integral Part of the Balance Sheet as at 31st March 2018

Note : 6 Fixed Asset

Sr. No	Particulars	Gross Block				Depreciation				Net Block
		Value at the beginning	Addition during the year	Deduction during the year	Value at the end	Value at the beginning	Addition during the year	Deduction during the year	Value at the end	WDV as on 31.03.2018	WDV as on 31.03.2017
I	Tangible Assets
	Air Conditioner	1,10,960	-	-	1,10,960	68,449	13,403	-	81,852	29,108	42,511
	Computer	2,91,545	-	-	2,91,545	2,36,349	40,619	-	2,76,968	14,577	55,196
	SUB TOTAL (A)	4,02,505	-	-	4,02,505	3,04,798	54,022	-	3,58,820	43,685	97,707
II	Intangible Assets	-	-	-	-	-	-	-	-	-	-
	SUB TOTAL (B)	-	-	-	-	-	-	-	-	-	-
III	Capital Work-in-progress	-	-	-	-	-	-	-	-	-	-
	SUB TOTAL (C)	-	-	-	-	-	-	-	-	-	-
IV	Intangible Assets Under Development				-				-	-	-
	SUB TOTAL (D)	-	-	-	-	-	-	-	-	-	-
	Total [A B C D] (Current Year)	4,02,505	-	-	4,02,505	3,04,798	54,022	-	3,58,820	43,685	97,707
	(Previous Year)	4,02,505	-	-	4,02,505	2,99,350	5,448		3,04,798	97,707	1,03,155

Notes Forming Integral Part of the Balance Sheet as at 31st March, 2018

Note : 7 Non-Current Investments

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Other Investments	31,50,000	31,50,000
i)	Investment Property	-	-
ii)	Investment in Equity instruments	31,50,000	31,50,000
	Total	31,50,000	31,50,000

Note : 8

Cash & Cash Equivalents

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Balance with Banks	2,70,038	90,025
a)	Earmarked Balances with Banks	2,70,038	90,025
2	Cheques, drafts on hand	-	-
3	Cash on Hand	20,823	20,823
4	Others	-	-
	Total	2,90,860	1,10,848

Note : 9

Short Terms Loans and Advances

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Others	91,00,000	1,09,22,108
a)	Secured, Considered Good	-	-
b)	Unsecured, Considered Good	91,00,000	1,09,22,108
	Total	91,00,000	1,09,22,108

Note :10

Other Current Assets

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Other Current Assets	8,88,795	8,02,721
	Total	8,88,795	8,02,721

Notes Forming Part of the Statement of Profit and Loss for the year ended 31st March, 2018

Note: 11

Revenue from Operations

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Sale of Products	-	-
1	Income from Interest on Loan	8,60,740	10,24,565
	Total	8,60,740	10,24,565

Note :12

Employee Benefit Expenses

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Salaries and Wages	22,000	15,810
2	Staff Welfare Expenses	7,194	-
	Total	29,194	15,810

Note : 13

Depreciation & Amortisation Expense

Sr.No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Depreciation	54,022	5,448
2	Preliminary Expenses W/O	-	-
	Total	54,022	5,448

Note : 14 Other Expenses

Sr. No	Particulars	31st March, 2018 Amount (Rs)	31st March, 2017 Amount (Rs)
1	Adjustment to carrying amount of Investments
2	Net loss on sale of investments	-	-
3	Net loss on Foreign currency transaction and translation
4	Payment to Auditors	61,300	38,350
	As Auditor	29,500	28,750
	For Company Law Matters	31,800	9,600
5	Rent	9,04,542	8,78,754
6	Insurance	3,450	-
7	Rates and Taxes (excluding taxes on income)	6,229	-
8	Provision for losses of subsidiary Companies	-	-
9	Miscellaneous expenses	5,47,835	5,15,108
	Total	15,23,356	14,32,212

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Mar 31, 2014

1. Share Capital

For the Period of Five years immediately preceding the date as at which Balance Sheet is prepared the Company has not:

(i) Allotted any shares in pursuance to contract(s) without payment being received in Cash.

(ii) Allotted any shares by way of Bonus Shares

(iii) Bought back any shares

2. Foreign Currency Transactions

The company has neither earned nor incurred expenditure in foreign currency.

3. The disclosure under Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 is not applicable to our company as we are neither a trading nor a manufacturing company and accordingly do not have any such suppliers.

4. The Company is engaged in the business of Non Banking Financial Institution These in context of Accounting Standard 17 (AS 17) on Segment Reporting issued by Institute of Chartered Accountants of India are considered to constitute one single primary segment.

5. Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure" issued by the Institute of Chartered Accountants of India.

i. List of Related Parties :

a) Parties Where Control Exists: Nil

b) Associate companies where managing directors or relatives of managing director are Directors.

c) Key Management Personnel

6. As per Accounting Standard 20 "Earning Per Share" issued by Institute of Chartered Accountant of India the Company gives following disclosure for the year. The earnings considered in ascertaining the Company''s EPS comprises the net profit after tax (after providing the post tax effect of any extra ordinary items). The number of shares used in computing Basic EPS is the weighted average number of equity shares outstanding during the year.

7. Provisions and Contingencies

The company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of resources or where a reliable estimate of the obligation cannot be made.

8. Prior Period Items

There are no prior period items during the year.

9. The figures of the previous year have been regrouped and recast wherever necessary to confirm to the groupings of the current year.

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Mar 31, 2012

1.1 The Company has identified Non Performing Assets ( NPAs) to the extent of Rs.290687/- and full provision provision for the same as per the NBFC prudential Norms (Reserve Bank of India) Directions, 1998 has been held in the accounts.

1.2 Provision has not been made for diminution in the value of investment as required by NBFC prudential Norms (Reserve Bank of India) Directions, 1998, as the management expects that this diminution in the value of investment is temporary.

1.3 In view of carry forward losses of earlier years no provision for current tax has been made during the year.

1.4 In view of time limitations on carry forward losses and brought forward business losses being the only timing difference, as matter of prudence deferred tax assets has not beeen recognised..

1.5 The company has not been granted interest free loan during the year but cumulative amount of interest free loan granted is Rs. 1,40,60,000/- which is in contravention of section 372A of the Companies Act, 1956.

1.6 Disclosure requirements as per Accounting Standard 18 As-18)'Related Party Disclosure' issued by the Institute of Chartered Accountants of India.

Enterprises under common control of the Promoter :Zenith Steel Tubes and Industries Ltd, Jay Iron and Steels industries Ltd, Matrushree Finance & Investments Pvt.Ltd. SDS Trading & Agencies Pvt. Ltd, Everbright Trading & Agencies Pvt.Ltd. AVS Trades & Agencies Pvt.Ltd.

Key Management Personnel :Mr. S.S.Tripathi (Director) and Mr.Amala Rai (Director).

No transaction has been made with the above group companies during the year.

1.7 Segment Reporting : There are no separate reportable segments as per Accounting Standard on Segment

Reporting (As -17) as the Company's primary business is of Investment and Finance activities.

1.8 The Balance of sundry debtors, sundry creditors, deposits, loans & advances and other liabilities etc. are subject to confirmation and reconciliation consequential impact thereof on the accounts is not ascertainable.

1.9 In the opinion of the Board , the current Assets, Loans & Advances are approximately of the value stated in in the balance sheet if realised in the ordinary course of business.The provision for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

1.10 The previous year figures are regrouped, reclassified wherever considered necessary to compare with Current year figure.