Sai Jeevadhara Finance Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2014

1. CONTINGENT LIABILITIES

There was Income Tax demand for the Assessment Year 1997-98 for Rs.1,26,26,182/- and for the Assessment Year 1998-99 for Rs. 1,81,72,825/-. The company has filed appeals before the Hon''ble High Court of Madras and the same have been decided in favour of the Company. The Company has so far paid Rs.46.31 Lakhs for tax arrears and the Company is entitled to receive the refund, if there is no further appeal by the Income Tax Department.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.03.2014 is Rs.0.38 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, "Taxes on Income" the Deferred Tax Assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 is not relevant.

6. Other than Provisions as required and necessary, for non-performing loans, the manage ment has based on a review of its other assets:

a) Provided for diminution/ increase in the value of (Rs.60,515/-) of its investments (Previous year Rs. 1,29,990/-)

b) The Company does not have any subsidiary company.

7. Disclosure is not required I made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Company''s business and its activities / operations which are based on financing activities in the domestic market.

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Mar 31, 2013

1 CONTINGENT LIABILITIES

Income Tax demand for the Assessment Year 1997-98 is Rs. 1,26,26,182/- and for the Assessment Year 1998-99 is Rs. 1,81,72,825/-. The company has filed appeals before the Hon''ble High Court of Madras and the same are pending. Stay petitions are also pending before the Hon''ble High Court of Madras. The Company has so far paid Rs.46.31 Lakhs for tax arrears.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.3.2013 is Rs.1.45 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, ''Taxes on Income'', the deferred tax assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 is not relevant.

6. Other than Provisions as required and necessary, for non-performing loans, the management has based on a review of its other assets:

a) provided for diminution/increase in the value of (Rs. 1,29,990/-) of its investments (Previous year Rs.32,055/-)

b) The Company does not have any subsidiary company.

7. Disclosure is not required / made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Company''s business and its activities/ operations which are based on financing activities in the domestic market.

8. Related Party Disclosures pursuant of Accounting Standard - 18 issued by the Institute of Chartered Accountants of India.

A. List of Related Parties

i) Subsidiary - Nil

ii) Key Management Personnel _

9. Corresponding figures of the previous year have been re-grouped / re-arranged wherever necessary.

10. Notes 1 to 18 form an integral part of the Balance Sheet as at 31.03.2013 and the Statement of Profit and Loss for the year ended on that date.

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Mar 31, 2012

1. CONTINGENT LIABILITIES

Income Tax demand for the Assessment Year 1997-98 is Rs. 1,26,26,182/- and for the Assessment Year 1998-99 is Rs. 1,81,72,825/-. The company has filed appeals before the Hon'ble High Court of Madras and the same are pending. Stay petitions are also pending before the Hon'ble High Court of Madras. The Company has so far paid Rs.46.31 Lakhs for tax arrears.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.3.2012 is Rs. 14.07 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, Taxes on Income', the deferred tax assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 is not relevant.

6. Other than Provisions as required and necessary, for non-performing loans, the management has based on a review of its other assets:

a) provided for diminution/increase in the value of (Rs.32,055/-) of its investments (Previous year Rs.48,040/-)

b.) The Company does not have any subsidiary company.

7. Disclosure is not required/made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Company's business and its activities/ operations which are based on financing activities in the domestic market.

8. Related Party Disclosures pursuant of Accounting Standard - 18 issued by the Institute of Chartered Accountants of India.

A List of Related Parties

i) Subsidiary - Nil

9. Corresponding figures of the previous year have been re-grouped/re-arranged wherever necessary.

10. Notes 1 to 17 form an integral part of the Balance Sheet as at 31.03.2012 and the Statement of Profit and Loss for the year ended on that date.

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Mar 31, 2011

1. CONTINGENT LIABILITIES

Income Tax demand for the Assessment Year 1997-98 is Rs. 1,26,26,182/- and for the Assessment Year 1998-99 is Rs. 1,81,72,825/-. The company has filed appeals before the Hon'ble High Court of Madras and the same are pending. Stay petitions are also pending before the Hon'ble High Court of Madras. The Company has so far paid Rs.46.31 Lakhs for tax arrears.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.3.2011 is Rs.18.20 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, 'Taxes on Income', the deferred tax assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 IS not relevant

6. Other than Provisions as required and necessary, for non-performing loans, the management has based on a review of its other assets:

a) provided for diminution/increase in the value of Rs.48,040 /- of its investments (Previous year (Rs.1,42,395 /-))

b) The Company does not have any subsidiary company.

7. Disclosure is not required / made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Company's business and its activities/ operations which are based on financing activities in the domestic market.

8. Related Party Disclosures pursuant of Accounting Standard - 18 issued by the Institute of Chartered Accountants of India.

A, List of Related Parties

i) Subsidiary - Nil

ii) Key Management Personnel

Sri. R. AIaghentren Chairman and Managing Director

9. Corresponding figures of the previous year have been re-grouped / re-arranged wherever necessary.

10. Schedule 1 to 12 form an integral part of the Balance Sheet as at 31.03.2011 and the Profit and Loss Account for the year ended on that date.

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Mar 31, 2010

1. CONTINGENT LIABILITIES

Income Tax demand for the Assessment Year 1997-98 is Rs.1,26,26,182/- and for the Assessment Year 1998-99 is Rs. 1,81,72,825/-. The company has filed appeals before the Honble High Court of Madras and the same are pending. Stay petitions are also pending before the Honble High Court of Madras. The Company has sofar paid Rs.46.31 Lakhs for tax arrears.

2. No provision for Income Tax is considered necessary in view of the carried forward losses.

3. The outstanding in Escrow Account as on 31.3.2010 is Rs. 18.20 Lakhs which is payable to the depositors on their demand.

4. As per Accounting Standard 22, Taxes on Income, the deferred tax assets in respect of carried forward losses and depreciation has not been incorporated due to uncertainty of set off and as a matter of prudence.

5. Considering the nature of business of the Company, quantitative information as required under paragraphs 4C and 4D of part II of Schedule VI to the Companies Act, 1956 is not relevant.

6. Other than Provisions as required and necessary, for non-performing loans, the management has based on a review of its other assets:

a) provided for diminution/increase in the value of Rs. (1,42,395 /-) of its investments (Previous year Rs.3,04,860 /-)

b) The Company does not have any subsidiary company.

7. Disclosure is not required / made in terms of AS-17 Segment Reporting issued by the Institute of Chartered Accountants of India considering the nature of the Companys business and its activities/ operations which are based on financing activities in the domestic market.

8. Related Party Disclosures pursuant of Accounting Standard - 18 issued by the Institute of Chartered Accountants of India.

A. List of Related Parties

i) Subsidiary - Nil

ii) Key Management Personnel

9. Corresponding figures of the previous year have been re-grouped / re-arranged wherever necessary.

10. Schedule 1 to 12 form an integral part of the Balance Sheet as at 31.03.2010 and the Profit and Loss Account for the year ended on that date.