| 1. Corporate information
The company is carrying on the business of financing activities. The
principal place of business of the company is the same as registered
office of the company.
2. Contingent Liabilities
(a) As on 31st March 2014, contingent liabilities not provided for in
the books of accounts is Rs. NIL (Previous Rs. NIL)
3. Claims against the Company not acknowledged as Debts - Rs. Nil
(Previous Year Rs. Nil).
4. Pending Capital Commitments remaining to be executed - Rs. Nil
(Previous Year Rs. Nil).
5. Company has filed suits for recovery of Rs. 1,465,800 from various
trade debtors in district of Delhi which are pending for Disposal as on
31* March 2014. However, keeping in mind the recovery of balance
Management of the Company has classified the said receivables as
doubtful and provision has been made accordingly.
6. Managerial Remuneration Rs. 2,04,000 (Previous Year Rs. 1,68,000)
7. Based on the Information received from all the vendor regarding
their statues under Micro, Small & Medium Enterprises Developments Act,
2006 and hence disclosure relating to amount unpaid as at year end
together with interest paid / payable under this Act on the basis of
the information available with the company is Rs. Nil.
8. The company has not proposed any dividend to be distributed to
Equity Shareholders for the period 1st April, 2013 to 31* March, 2014.
(Previous year Rs. Nil).
9. Value of Imports Calculated on CIF Basis Rs. Nil (Previous Year
Rs. Nil)
10. Related Party Transactions
1. Following are the related parties
a. Key Management Personnel (KMP)
* Mr. Sanjay Jain (Director)
* Mr. Shyam Kumar Sharma (Whole Time Director)
b. Enterprises Significantly Influenced by KMP & their Relatives
* Moongipa Securities Limited
The Increase/Oimlnution in value of Non Current investment is due to
the change in Market Prices of Shares as at 31st March 2014. Since the
lncrease/(Diminution) is temporary in nature, The management of the
Company has decided to value to the investment at Cost rather valuing
the investment on Market Price,
11. As per the Notification No. S.O. 447 (E) dated 28.02.2011 read with
amendment Notification S.0.653 (E) dated 30.03.2011 issued by ministry
of corporate affairs, financial Statements of the company for the
financial year ended on 31* March, 2014 & Previous year ended on 31*
March, 2013 have been prepared/ redrafted according to provisions set
out in the Revised Schedule VI of Companies Act, 1956.
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