27. Note to the Financial Statement
(a) In accordance with the guidelines issued by the RBI , the provision of NPA for current year is Rs. 236.93
(b) Margin Money on account of Leased & Hire Purchase assets represent difference between the purchase value of leased /hire purchase assets and money advanced as loans.
(e) The company has been granted certificate of Registration as provided in section 45IA of the RBI Act 1934 issued on 1-9-1999 viz certificate of registration number 10.00098 with RBI department of Non-Banking supervision jaipur regional office but the same is not valid for accepting deposits.
(f) . No employee is in employment of the Company throughout the financial year for a remuneration which
in aggregate exceeded Rs. 6000000/- per annum or employed for remuneration which in aggregate exceeded Rs.500000/- per month, if employedfor part of the year.
(g) The Company's operations predominantely comprise only of one segment i.e. financial services which include hire purchase, lease, interest on ICD, loans and advances and hence the figures shown are related to only that segment
(ii) DILUTED EARNING PER SHARE
Diluted earning per share is same as Basic Earning per share as the Company does not
have any potential equity shares as defined under Ind AS 33 "Earning Per Share" issued by ICAI.
Note: Name of Related party and nature of the related party relationship where control exists have been disclosed irrespective of whether or not there have been transactions between the related parties. In other Related parties as defined under para 9 of Ind AS 24 ' Related Party Disclosures' have been defined based on representations made by key managerial personnel and formation available with the Company.
(j) Disclosure as required under circular No. Ref. DBS. FID. No. C-2/01-02-00/2003-04, dt. 10-07-2003 has not been made.
(k) Additional disclosures with respect to amendments to Schedule III
a) The Company had not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), Either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.
b) The Company was not holding any benami property and no proceedings were initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
c ) The Company had not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.
d) The Company did not have any transactions with struck off companies under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
e) The Company did not have any charges or satisfaction which were yet to be registered with ROC beyond the statutory period
f) The Company has not traded or invested in Crypto currency or Virtual Currency during year ended 31 March, 2025.
g) The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) any funds to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
h) The Company has not received any funds from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”)
or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
i) The Company did not have any transaction which had not been recorded in the books of account that had been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).
(l) The Company don't have any foreign currency exposure during the year.
(m) Ratio- Refer Annexure to Ratio
(n) Other Notes
a) The Company has used accounting software for maintaining its books of account, which has a feature of recording audit trail except that audit trails were not enabled for all relevant transactional logs throughout the year due to data storage restrictions in the software. Subsequently the management has enabled all the transactional logs at application level while database logs are in process of being enabled by the software vendor.
b) Dues to Micro and small suppliers
Under the Micro, Small and Medium Enterprises Development Act, 2006, (MSMED) which came into force from 2 October 2006, Certain disclosures are required to be made relating to Micro, Small and Medium enterprises. On the basis of the information and records available with the Management, there are outstanding dues to the Micro, Small and Medium enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006.
(c) (i) Commitments and contigencies: Estimated amount of contracts remaining to be executed on capital amount and not provided for: NIL
(ii) There are no litigations and disputes pending against the company as on reporting date.
e) There are no significant subsequent events that would require adjustments or disclosures in the financial statements as on the balance sheet date.
f) Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the current year's classification/ disclosure.
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