IMC Finance Ltd. के अकाउंट के लिये नोट

Mar 31, 2013

1. CORPORATE INFORMATION

IMC Finance Ltd (IMC) is company established in the year 1982. IMC has its registered office at Unit No. 10, Sarvodaya Industrial Premises Co-op Society Ltd. 43, Mahakali Caves Road, Andheri (East), Mumbai - 400093. The company has obtained registration from RBI to carry NBFI activity.

The main object of the company is to work as an investment company and to invest or cause to be invested the capital and other funds of the company and to finance industrial enterprises and to promote companies engaged in industrial and trading business, invest or cause to be invested the capital of the company or funds of the company or any fund raised by the company for the purpose of the investment, and to invest in stock or to acquire or to hold or sell or buy or otherwise deal in shares, bonds, units, obligation and other securities of any company or securities issued by any government or any lawful authority.

2. Previous year figures have been regrouped, recast and rearranged wherever necessary to make them comparable with the figures of the Current year. Figures in bracket represent those for previous year.

3. There are no amounts payable to any Micro, Small and Medium enterprises.

4. The amount of audit fees, fees for taxation and other matters include 72,286/- (P.Y. 71,359/-), 7989/- (P.Y. 7989/-) and 72163/-(P.Y. 74,079/-) respectively towards service tax and education cess.

5. The Company is entitled to MAT Credit of 71,01,162/- for earlier year which Shall be recognized as an asset as and when there are convincing evidence for the realization of the same.

6. Segment information

(a) Primary Segment

The business segment has been considered as the primary segment. The Company operates only in one business segment viz. Finance and Investments.

(b) Secondary Segment

The company operates in India and hence there are no reportable geographical segments.

7. The particulars as required by Non-banking Financial (Non-deposit Accepting or Holding) Companies Prudential Norms (reserve Bank) Directions, 2007 are given in the note appended hereto.

8. Additional information required pursuant to part II of Schedule VI to the Companies Act, 1956 are not applicable to the Company.

Notes:

1 As defined in Paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2 Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

3 All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investment and other assets as also assets acquired in salification of debt. However, Market value in respect of quoted investment and break-up/ fair value / NAV in respect of unquoted investment should be disclosed irrespective of whether they are classified as long term or current in column (4) above.

4 Previous years figures are in brackets.

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Mar 31, 2011

1. Previous year figures have been regrouped, recast and rearranged wherever necessary to make them comparable with the figures of the Current year. Figures in bracket represent those for previous year.

2. There are no amounts payable to any Micro, Small and Medium enterprises.

3. The amount of audit fees, fees for taxation and other matters include Rs. 1,133/- (P.Y. Rs. 721/-), Rs. 824/- (P.Y. Rs. 824/-) and Rs. 824/- (P.Y. Rs. 1,420/-) respectively towards service tax and education cess.

4. The Company is entitled to MAT Credit of Rs.1,14,573/- for earlier year which shall be recognized as an asset as and when there are convincing evidence for the realization of the same.

Note: Provision for diminution in value of Investment has been made in earlier years of Rs. 136565.02- (P.Y. Rs. 136565.02) in respect of investment Made the realated parties-

5. Segment information

(a) Primary Segment

The business segment has been considered as the primary segment. The Company operates only in one business segment viz. Finance and Investments.

(b) Secondary Segment

The company operates in India and hence there are no reportable geographical segments.

6. The particulars as required by Non-banking Financial (Non-deposit Accepting or Holding) Companies Prudential Norms (reserve Bank) Directions, 2007 are given in the schedule appended hereto.

7. Additional information required pursuant to part II of Schedule VI to the Companies Act, 1956 are not applicable to the Company.

Notes:

1 As defined in Paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2 Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

3 All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investment and other assets as also assets acquired in salification of debt. However, Market value in respect of quoted investment and break-up/ fair value / NAV in respect of unquoted investment should be disclosed irrespective of whether they are classified as long term or current in column (4) above.

4 Previous years figures are in brackets.

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Mar 31, 2009

1. Previous year figures have been regrouped, recast and rearranged wherever necessary to make them comparable with the figures of the Current year. Figures in bracket represent those for previous year.

2. There are no amounts payable to any small scale industrial undertaking.

3. The amount of audit fees and taxation matters include Rs.828/- (P.Y. Rs.865/-) and Rs.673/- (P.Y. 741/-) towards service tax and education cess.

4. Related Party disclosures :

(A) List of related parties

Sr. No Name of Related Party Nature of relationship

1. Key management personnel/ Individuals having control or significant influence

(a) Shri A. Mallesh Rao Director of the Company.

(b) Shri S.M. Lele Director of the Company.

(c) Shri C.N. Ananthakrishnan Director of the Company.

upto 24th February, 2009.

(d) Shri Paresh D. Shah Director of the Company

upto 25th March, 2009.

(e) Shri Praveen Kumar Chopra Director of the Company w.e.f. 30th January 2009.

5. Segment information

(a) Primary Segment

The business segment has been considered as the primary segment. The Company operates only in one business segment viz. Finance and Investments.

(b) Secondary Segment

The company operates in India and hence there are no reportable geographical segments.

6. Additional information required pursuant to part II of Schedule VI to the Companies Act, 1956 are not applicable to the Company.