Incap Financial Services Ltd. के अकाउंट के लिये नोट

Mar 31, 2012

1. In the opinion of the Board the value of Current Assets, Loans & Advances have a value in ordinary course of business at least equal to that stated in the Balance Sheet except in case of those shown as doubtful.

2. No Interest has been provided for the year on LOANS & ADVANCES made by the Company in few cases.

3. Estimated Amount of Contracts Remaining to be executed on Capital Accounts and not provide for Rs. NIL.

4. Additional information Pursuant to the Provision of Paragraph 3, 4C and 4D of part II of the Schedule VI of the Companies Act, 1956.

A. Other additional information – NIL (Previous Year NIL)

B. Earning & Expenditure in Foreign Currency – NIL ( Previous Year NIL)

5. Previous Year Figure has been Regrouped & Rearranged wherever found necessary.

6. Schedules 1 to 16 form an integral part of the Balance Sheet & Profit & Loss Account.

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Mar 31, 2011

1. In the opinion of the Board the value of Current Assets, Loans & Advances have a value in ordinary course of business at least equal to that stated in the Balance Sheet except in case of those shown as doubtful.

2. No Interest has been provided for the year on LOANS & ADVANCES made by the Company in few cases.

3. Estimated Amount of Contracts Remaining to be executed on Capital Accounts and not provide for Rs. NIL.

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Mar 31, 2010

- The Company deals in trading in Securities. There is no closing stock.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans, Loans & advances arc subject to the confirmation of parties.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.

- Provision in respect of I.Tax has been Done.

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Mar 31, 2009

AS ON 31-3-2009 31-3-2008

1 Estimated amount of contracts remaining to be executed on Capital account and not provided Nil Nil

2. Contingent Liabilities Nil Nil

3. Claims not acknowledged as debts Nil Nil

4. Loans 8. Advances:- Rs. 3,83,05,069/-

4.1 Loans and Advances (Amount Recoverable Cash or Kind) amounting to Rs. 3,83,05,069/- includes a Rs. 1,96,843/- paid in earlier year as advance for land purchase, a sum of Rs. 20,00,000/- to a party in last year & Rs. 8,54,226/- to a company. All such amounts have been paid for the business of the Company and hence they are not bearing interest. All such amounts, in the opinion of Directors are good of recovery and they will be recovered / adjusted in the next year.

4.2 A sum of Rs. 3,50,00,000/- were paid to company during the year, for the purchases of shares of that company. As the said company has not allotted the shares, the same were shown as Loans & Advances.

5. Inventory:

The company has invested a sum of Rs. 5,48,864/- in the equity shares of 3 companies. The market value of said shares as or, 31 -03-2009 is only Rs. 49,216/- Thus, 1here is toss of Rs. 4,99,648/- for which no provision has been made in the Accounts as the directors are of the opinion that in future the value of said shares will go up and the loss, if any, will be accounted in the year of sale.

6. Provisions for the fees payable to Stock Exchanges:

The fees to stock exchanges of Ahmedabad, Bombay & Madras, CDSL, Pinnacle Shares Registry Pvt. Ltd. have not been paid for last few years. The amount of fees payable to above parties are not known to the company and hence no provisions for the said liabilities have been made in the accounts. The same will be accounted in the year of their payments.

7. Additional Information pursuant to Provision of para 3,4c and 4d of part II of Schedule 6of the companies Act, 1956:

The company is in the Business of Trading in Shares / Govt. Securities and as there Is no manufacturing activity during the year, such Information is not applicable and has been not furnished

8. Previous years figures have been re-grouped / re-arranged wherever 10 necessary more that comparable with the figures of Current Year.

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Mar 31, 2003

1. Contingent Liabilities: Nil (Previous Year Rs. NIL).

2. In the opinion of the management current assets, loans and advances are approximately of the value stated, if realised in the ordinary course of the business. However, the amount of Non Performing Assets under the head Sundry Debtors, Loans & Advances are Rs.24,68,387/- and no income is accounted for on these assets during the year.

3. Previous year figures have been regrouped / re-arranged wherever necessary to render them comparable with current year figures.

4. CIF value of Imports NIL

5. Value of Imported/Indigenous Raw Material, Stores and Components Consumed NIL

6. Expenditure in Foreign Currency NIL

7. Earnings in Foreign Currency NIL

8. BALANCE SHEET ABSTRACT AND COMPANYS GENERAL PROFILE INFORMATION PURSUANTTO PART IV OF SCHEDULE VI OF THE COMPANIES ACT, 1956

II Capital Raised during the year (Amount in Rs. Thousand)

Public Issue Rights Issue

- - Bonus Issue Private Placement

- -

V Generic Names of Three Principal Products/Services of Company (As per Monetary terms)

i) Project Financing and Strategic Alliances.

ii) Corporate & Technical Consultancy including Consultancy for Software Development.

iii) NBFC Activities.

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Mar 31, 2002

FOR THE YEAR ENDED

31-3-2002 31-3-2001 RS. RS.

1. Contingent Liabilities Nil Nil 2. Estimated amounts of Contracts remaining to foe executed on Capital Accounts & not provided for: Nil Nil 3. C. I. F. Value of Imports Nil Nil

4. F. O. B. value of Exports Nil Nil

5. Expenditure in Foreign Currency Nil Nil

6. The additional information persuant to the Provisions of Paragraphs : 3. 4C & 4D of Part : II of the Schedule : VI to Companies Act, 1956 is Nil, as the activities of the Company is niether of Trading or Manufacturing nature.

7. The Rules of P.F. & E.S.I. & Gratuity are not applicable to the Company this year.

8. Previous years figures have been regrouped and rearranged whereever necessary to make them comperable with the figures of current year.

9. In the opinion of the Directors, all the assets of the company have been valued at the value as stated in the Balance Sheet if realised in the ordinary cource of business.

10. All the balances of Creditors, Debtors and Loans & Advances are subject to confirmations.