| 1. CONTINGENT LIABILITIES
AMOUNT(Rs)
AS AT AS AT
31st MARCH 2015 31st MARCH 2014
(Rs) (Rs.)
a. Claims against the company/
disputed Liability not acknowledged 9006058 9006058
as debt (Net)
b. Liability in respect of partly paid up 85000 85000
Equity Shares
2. In the opinion of Management, there is no separate reportable
segment in terms of Accounting Standard AS - 17 "Segment Reporting".
3. Quantitative information in respect of shares/debentures/units
etc. is as follows:-
4. Related Party disclosures (As Identified by the Management and
relied upon by Auditors)
5. List of related parties with whom transaction have been taken
place and relationship:
A. Where control exists/Key Management Personnel alongwith their
relatives Sh. Vijay Bhushan
Mrs. Nisha Ahuja
Mrs. Sant Kumari Agarwal Director & Mother of (a)
Sh. Jogesh Ahuja Director & Husband of (b)
B. Enterprises under common control/enterprises where person described
in "A" above is able to exercise significant influence.
- Bharat Bhushan Equity Traders Ltd.
- Bharat Bhushan & Co.
6. Transactions during the year with Related Parties.
2.19 Schedule as required in terms of Paragraph 13 of Non Banking
Financial (Non Deposit Accepting or Holding ) Companies Prudential
Norms (Reserve Bank) Directions ,2007 as Superseeded by "Non
-Systemically Important Non-Banking Financial (Non- Deposit Accepting
or Holding )Companies Prudential Norms(Reserve Bank) Directions,2015.
7 Minimum lease payments recognized in the statement of profit &
loss account during the period ended 31st March 2015 is Rs 24000/-
(Previous year Rs 24000/-)
8. Provision for diminution in the value of investments is charged to
Profit & Loss Account and shown correspondingly under the head
"Provisions" in the Balance Sheet without showing it as deduction from
the value of investment. This is being done in compliance with Non
Banking Financial (Non Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank Directions, 2007) a s
Superseeded by "Non -Systemically Important Non-Banking Financial (Non-
Deposit Accepting or Holding )Companies Prudential Norms(Reserve Bank)
Directions,2015.
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