| 1. Contingent Liabilities
There are no contingent liabilities.
2. Related Party Disclosures
As per Accounting Standard 18, the disclosures of transactions with the
related parties are given below:
Details of related parties:
Description of relationship Names of related parties
Enterprise in which KMP/ Relatives of KMP can exercise Arodyne
Chemicals Ltd. significant influence Aum Financial Consultants
Avd hoot Finance & Investment Pvt. Ltd.
Bahl & Co. Pvt. Ltd.
Desai Industrial Finance Pvt. Ltd.
J R Shroff HUF
Som Holding & Trading Co. Pvt. Ltd.
Key Management Personnel (KMP) Mr. Pradeep R. Shroff
Mr. Manoj T. Shroff
3. In the opinion of Board of Directors all assets other than
non-current investments, have a realizable value in the ordinary course
of business which is not different from the amount at which it is
stated and the provisions for all known liabilities are adequate and
not in excess of the amounts reasonably necessary.
4. No personal expenses have been debited to Profit and Loss Account
except those payable under contractual obligation or normal business
practices.
5. Segment Reporting
The Company has only one segment i.e. Merchant Banking and financial
services, therefore segment wise reporting has not been given as
required by Accounting Standard 17.
6. Previous year's figures
Previous year's figures have been regrouped / reclassified wherever
necessary to correspond with the current year's classification /
disclosure.
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