| 1. The balances of sundry debtors, creditors and loans and advances
are subject to confirmation.
2. Related Party Disclosure:
Related party disclosure as required by AS-18 "Related Party
Disclosures" of the Institute of Chartered Accountants of India are
given below:
Directors:-
Mr. Vinod Bansal Mr. Rajesh Arora Mr. Ashok Juneja Mr. Vinay Aggarwal
Mrs. Kiran Duggal
Associates Company/ Firm:-
M/s Arora & Bansal
M/s City Heights Developers & Promoters P. Ltd.
M/s Blake Townships Pvt. Ltd.
M/s Kinsoft Solutions Pvt. Ltd.
M/s A & B corporate consultants Pvt. Ltd.
M/s Jade Town planners P. Ltd.
M/s Swatantar Consultants P. Ltd.
M/s ACE Innovators P. Ltd.
M/s Coral Town planners P. Ltd.
M/s Dolphin E-Services P. Ltd.
M/s Cantel Communications P. Ltd.
M/s Matrix E- services Pvt. Ltd.
3. The Company is registered with the Reserve Bank of India as a NBFC
within the provisions of the NBFC (Reserve Bank of India) Directions,
1998.
4. In the opinion of the management of the company the aggregate value
of current assets, loans & advances if realized in the ordinary course
of the business shall not be less than the amount at which these are
stated in the Balance Sheet and the provision for all known liabilities
are adequate.
5. Impairment of Assets
In pursuance of Accounting Standard 28 - Impairment of Assets (AS-28)
issued by the Institute of Chartered Accountants of India, the company
has reviewed its carrying cost of assets with value in use (determined
based on future earnings)/net selling price (determine based on
valuation). Based on such review, management is of the view that in the
current financial year impairment of assets is not considered
necessary.
6. Micro, Small And Medium Enterprises
The Company has not received any information from its suppliers
regarding their status under the Micro, Small and Medium Enterprises
Development Act 2006, which came into effect from 2nd October, 2006 and
hence disclosure, if any, relating to amounts unpaid as on 31st March,
2015 together with interest paid or payable as required under the Act,
have not been given.
7. The category of the company is Non-Banking Financial Company-Non
Deposit (NBFC-ND), hence CRAR & concentration norms as prescribed by
RBI are not applicable to the company.
8. Net Owned Fund (NOF) of the company is Rs.3, 69, 41,026/- which is
as per the requirement in the new guidelines issued by RBI on 10th Nov,
2014.
9. Leverage ratio of 1:7 is applicable to the company being a NBFC-ND
(below asset size of Rs 500 crores) w.e.f. 10.11.2014 as new
guidelines issued by RBI. The company is in compliance with the norms
throughout the period under report and has not contravened this norms
at any time during the financial year 2014-15.
10. There is no change in the management or constitution of the
company during the financial year 2014-15.
11. The company is not rated by any approved credit rating agency till
date. Being a NBFC-ND credit rating is not applicable to the company.
12. Previous Years figures have been regrouped and/or rearranged
wherever found necessary to conform to this year's classification.
13. During the Financial year the provision of Section 135 related to
the Corporate Social Responsibility of the Companies Act, 2013 is not
applicable on the company.
(ii) Provide detail of the rights, preferences and restrictions
attaching to each class of shares (each class of equity and each class
of preference shares) including restrictions on the distribution of
dividends and the repayment of capital. Also give details of dividend
percentage for each class of preference shares as approved by the Board
/ agreement with the preference shareholders.
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