| 1. Corporate Information:
The Company is a "Public Company", within the meaning of section 3(1)
(iii) of the Companies Act, 1956 (No. 1 of 1956). It is a widely held
public Company & is listed with the Ahmedabad Stock Exchange & BSE Ltd.
The Company is also registered with the Reserve Bank of India as a
Non-Banking Financial Company (NBFC).
The Company was incorporated in India on 14-10-1994 under the Companies
Act, 1956 (No. 1 of 1956) and is registered in India under the
jurisdiction of ROC, Ahmedabad, Gujarat.
The Corporate Identity number of the Company is:
L74999GJ1994PLC023281
The Registered office of the Company is presently located at:
215 Sakar-2, Near Ellisbridge corner, Ahmedabad-380006, Gujarat, India.
The Company is principally engaged in Non Banking Financial Business.
There has been no significant change in the nature of business of the
Company during the period from 1st April, 2013 to 31st March, 2014.
2. Amounts due to Micro, Small and Medium Enterprises:
There are no amounts due to Micro, Small & Medium Enterprises.
Based on the information available with the Company in respect of MSME
(as defined in the Micro, Small & Medium Enterprises Development Act,
2006) there are no such entities transacting with the Company &
accordingly the question of delay in the payment of dues to such
enterprises during the year and dues payable to them at the year-end
does not arise.
4. There are no employees who have completed the qualification period
for gratuity & accordingly no provision in respect of gratuity is
considered necessary for the period under reference.
7. A Schedule as required in terms of Paragraph 13 of Non-Banking
Financial (Non-Deposit Accept ing or Holding) Companies Prudential
Norms (Reserve Bank) Directions, 2007, as amended till date, is
attached as an Annexure.
8. Segment Reporting
The Company operates in a single segment and there are no separate
reportable segments as defined in Accounting Standard, AS-17.
9. Related Party disclosures:
i) Key Management Personnel
Name Designation
Mr. VinayAgrawal Managing Director
Mr. Rahul Sharma Director
Mr. J. S. Parmar Director
Mr. O. P. Choudhary Director
Mr. Narendra Goyal Promoter
ii) Transactions with related parties: NIL (P.Y.: NIL)
iii) Outstanding balances with related parties: NIL
10. In view of losses, no amount is payable in respect of Income Tax &
accordingly no provision is required in this respect.
11. In the absence of confirmation, the balance due to and/or
receivable from parties have been taken as per the books.
12. Contingent Liabilities: NIL (P.Y. NIL)
13. Earnings/Expenditure in Foreign Exchange: NIL (P.Y. NIL)
14. Previous Period Comparatives:
Previous year figures have been regrouped and reclassified to the
extent considered necessary to correspond with the current year's
classification/disclosure.
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