Prime Capital Market Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.18 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised only when:

i. an Company entity has a present obligation (legal or constructive) as a result of a past event; and

ii. it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation; and

iii. a reliable estimate can be made of the amount of the obligation

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time
value of money is material, the carrying amount of the provision is the present value of those cash flows.
Reimbursement expected in respect of expenditure required to settle a provision is recognised only when it is
virtually certain that the reimbursement will be received.

Contingent liability is disclosed in case of:

i. a present obligation arising from past events, when it is not probable that an outflow of resources will be
required to settle the obligation; and

ii. a present obligation arising from past events, when no reliable estimate is possible.

Contingent assets are disclosed where an inflow of economic benefits is probable. Provisions, contingent liabilities
and contingent assets are reviewed at each Balance Sheet date.

Where the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected
to be received under such contract, the present obligation under the contract is recognised and measured as a
provision.

2.19 Statement of cash flows:

Statement of cash flows is prepared segregating the cash flows into operating, investing and financing activities.
Cash flow from operating activities is reported using indirect method adjusting the net profit for the effects of:

i. changes during the period in operating receivables and payables transactions of a non-cash nature;

ii. non-cash items such as depreciation, provisions, deferred taxes, unrealized gains and losses; and

iii. all other items for which the cash effects are investing or financing cash flows.

Cash and cash equivalents (including bank balances) shown in the Statement of Cash Flows exclude items which are
not available for general use as on the date of Balance Sheet.

2.20 Earnings per share:

The Company presents basic and diluted earnings per share data for its ordinary shares. Basic earnings per share is
calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted
average number of ordinary shares outstanding during the year. Diluted earnings per share is determined by
adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares
outstanding, adjusted for own shares held, for the effects of all dilutive potential ordinary shares.

2.21 Key source of estimation:

The preparation of financial statements in conformity with Ind AS requires that the management of the Company
makes estimates and assumptions that affect the reported amounts of income and expenses of the period, the
reported balances of assets and liabilities and the disclosures relating to contingent liabilities as of the date of the
financial statements. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates include useful lives of property, plant and equipment & intangible assets, expected credit loss
on loan books, future obligations in respect of retirement benefit plans, fair value measurement etc. Difference, if
any, between the actual results and estimates is recognised in the period in which the results are known.

2.22 Changes in Accounting Standard and recent accounting pronouncements (New Accounting Standards issued
but not effective):

On March 30, 2023, the Ministry of Corporate Affairs issued the Companies (Indian Accounting Standards)
(Amendments) Rules, 2019, notifying Ind AS 116 on Leases. Ind AS 116 would replace the existing leases standard Ind
AS 17. The standard sets out the principles for the recognition, measurement, presentation and disclosures for both
parties to a contract, i.e. the lessee and the lessor. Ind AS 116 introduces a single lease accounting model and requires
a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying
asset is of low value. Currently for operating lease, rentals are charged to the statement of profit and loss. The
Company is currently evaluating the implication of Ind AS 116 on the financial statements.

The Companies (Indian Accounting Standards) Amendment Rules, 2019 notified amendments to the following
accounting standards. The amendments would be effective from April 1, 2019

a) Ind AS 12, Income taxes — Appendix C on uncertainty over income tax treatments

b) Ind AS 19— Employee benefits

c) Ind AS 23 - Borrowing costs

d) Ind AS 28— investment in associates and joint ventures

e) Ind AS 103 and Ind AS 111 — Business combinations and joint arrangements

f) Ind AS 109 — Financial instruments

The Company is in the process of evaluating the impact of such amendments.

2.23 Inventories

Inventories have been valued at the method prescribed in the Accounting Standards.

2.24 Other Income Recognition

Interest on Loan is booked on a time proportion basis taking into account the amounts invested and the rate of
interest.

Dividend income on investments is accounted for when the right to receive the payment is established.

2.25 Purchases

Purchase is recognized on passing of ownership in share based on broker''s purchase note.

2.26 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known losses and liabilities.

2.27 Investments

Current investments are stated at the lower of cost and fair value. Long-term investments are stated at cost. A
provision for diminution is made to recognize a decline, other than temporary, in the value of long-term investments.
Investments are classified into current and long-term investments.

Investments that are readily realizable and are intended to be held for not more than one year from the date, on
which such investments are made, are classified as current investments. All other investments are classified as non¬
current investments.

2.28 Related Parties

Parties are considered to be related if at any time during the reporting period one party has the ability to control the
other party or exercise significant influence over the other party in making financial and/or operating decisions.

As required by AS-18 "Related Party Disclosure" only following related party relationships are covered:

i. Enterprises that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are
under common control with, the reporting enterprise (this includes holding Companies, subsidiaries and
fellow subsidiaries);

ii. Associates and joint ventures of the reporting enterprise and the investing party or venture in respect of which
the reporting enterprise is an associate or a joint venture;

iii. Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives
them control or significant influence over the enterprise, and relatives of any such individual;

iv. Key management personnel (KMP) and relatives of such personnel; and

v. Enterprises over which any person described in (iii) or (iv) is able to exercise significant influence.

2.29 Stock In Trade

Shares are valued at cost or market value, whichever is lower. The comparison of Cost and Market value is done
separately for each category of Shares.

Units of Mutual Funds are valued at cost or market value whichever is lower. Net asset value of units declared by
mutual funds is considered as market value for non-exchange traded Mutual Funds.

2.30 Fair Value Hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

2.31 Financial Risk Management Objectives and Policies:

The Company''s activities are exposed to a variety of Financial Risks from its Operations. The key financial risks
include Market risk, Credit risk and Liquidity risk.

i. Market Risk:

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of
changes in market prices. Market risk comprises mainly three types of risk, foreign currency risk, Interest rate
risk and other price risk such as Equity price risk and Commodity Price risk.

ii. Foreign Currency Risk:

There are no Foreign Currency transactions during the financial year.

iii. Foreign Currency Sensitivity:

There are no Foreign Currency transactions during the financial year.

iv. Credit Risk:

Credit risk is the risk that counterparty might not honor its obligations under a financial instrument or
customer contract, leading to a financial loss. The company is exposed to credit risk from its operating
activities (primarily trade receivables).

v. Trade Receivables:

Customer credit risk is managed based on company''s established policy, procedures and controls. The
company assesses the credit quality of the counterparties, taking into account their financial position, past
experience and other factors.

Credit risk is reduced by receiving pre-payments and export letter of credit to the extent possible. The
Company has a well-defined sales policy to minimize its risk of credit defaults. Outstanding customer
receivables are regularly monitored and assessed. The Company follows the simplified approach for
recognition of impairment loss and the same, if any, is provided as per its respective customer''s credit risk as
on the reporting date.

vi. Liquidity Risk:

Liquidity risk is the risk, where the company will encounter difficulty in meeting the obligations associated
with its financial liabilities that are settled by delivering cash or another financial asset. The company''s
approach is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due.

2.32 Summary of Significant Accounting Policies General

• Contingent Liabilities & Commitments - Nil

• Additional Information disclosed as per Part II of the Companies Act, 2013 - Nil

2.33 Earnings/(loss) per share

i. Basic earnings/ (loss) per share

Basic earnings / (loss) per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year.

ii. Diluted earnings / (loss) per share

Diluted earnings / (loss) per share adjusts the figures used in the determination of basic earnings per share to
take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential equity
shares, and

• the weighted average number of additional equity shares that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

2.34 Critical Estimates and Judgments

In the application of the company''s accounting policies, which are described in note 1, the management is required to
make judgment, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other process. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the
revision and future period if the revision affects both current and future period.

The following are the critical estimates and judgments that have the significant effect on the amounts recognised in
the financial statements.

2.35 Critical Estimates and Judgments

Estimation of Current Tax Expense and Deferred Tax

The calculation of the company''s tax charge necessarily involves a degree of estimation and judgment in respect of
certain items whose tax treatment cannot be finally determined until resolution has been reached with the relevant
tax authority or, as appropriate, through a formal legal process. Significant judgments are involved in determining
the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Where
the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will
impact the current and deferred income tax in the period in which such determination is made.

Recognition of Deferred Tax Assets / Liabilities

The recognition of deferred tax assets is based upon whether it is probable that sufficient and suitable taxable profits
will be available in the future against which the reversal of temporary differences can be deducted. To determine the
future taxable profits, reference is made to the approved budgets of the company. Where the temporary differences
are related to losses, local tax law is considered to determine the availability of the losses to offset against the future
taxable profits as well as whether there is convincing evidence that sufficient taxable profit will be available against
which the unused tax losses or unused tax credits can be utilised by the company. Significant items on which the
Company has exercised accounting judgment include recognition of deferred tax assets in respect of losses. The
amounts recognised in the financial statements in respect of each matter are derived from the Company''s best
estimation and judgment as described above.

Estimation of Provisions and Contingent Liabilities

The company exercises judgment in measuring and recognising provisions and the exposures to contingent liabilities,
which is related to pending litigation or other outstanding claims. Judgment is necessary in assessing the likelihood
that a pending claim will succeed, or a liability will arise, and to quantify the possible range of the financial
settlement.

Because of the inherent uncertainty in this evaluation process, actual liability may be different from the originally
estimated as provision. Although there can be no assurance of the final outcome of the legal proceedings in which
the company is involved, it is not expected that such contingencies will have a material effect on its financial position
or profitability.

Estimation of useful life of Property, Plant and Equipment and Intangible Assets

Property, Plant and Equipment and Intangible assets represent a significant proportion of the asset base of the
company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset''s
expected useful life and the expected residual value at the end of its life. The useful lives and residual values of
company''s assets are determined by management at the time the asset is acquired and reviewed periodically,
including at each financial year end. The useful lives are based on historical experience with similar assets as well as
anticipation of future events, which may impact their life, such as changes in technology.

Estimation of Provision for Inventory

The company writes down inventories to net realisable value based on an estimate of the realisability of inventories.
Write downs on inventories are recorded where events or changes in circumstances indicate that the balances may
not realised. The identification of write-downs requires the use of estimates of net selling prices of the down-graded
inventories. Where the expectation is different from the original estimate, such difference will impact the carrying
value of inventories and write-downs of inventories in the periods in which such estimate has been changed.

Impairment of Trade Receivable

The impairment provisions for trade receivable are based on assumptions about risk of default and expected loss
rates. The company uses judgment in making these assumptions and selecting the inputs to the impairment
calculation, based on the company''s past history, existing market conditions as well as forward looking estimates at
the end of each reporting period.

Figures of the previous year has been re-grouped/re-arranged and re-casted wherever necessary. All the figures are
rounded off in Lakhs.

Note 26 — Related Party Disclosures:

Disclosures as required by the Indian Accounting Standard 24 " Related Party Disclosures" issued by the Institute of
Chartered Accountants of India.

A. Relationship are given below

a) Directors: 1) Adarsh Purohit, 2) Anupam Shrivastava, 3) Gwal Das Vyas, 4) Sunita Parida, 5) Surendra
Singh (CFO), 7) Shradha Purohit (Company Secretary)

b) Relative of Directors: 1) Neha Adarsh Purohit, 2) Ameeta Purohit 3) Anil Purohit, 4) Shweta Purohit, 5)
Pawan Purohit, 6) Mamta Purohit, 7) Sushil Kumar Purohit, 8) Neha Purohit, 9) Sourav Puroit,
10)Mamta Purohit, 11) Kailash Prasad Purohit, 12) Meenakshi Purohit, 13) Prerna Purohit 14) Priyanka
Purohit 15) Pawan Kumar Purohit

c) Group Companies where common control exists: 1) Symphony Suppliers Pvt. Ltd, 2) JMD Sounds Ltd 3)
Nirnidhi Consultant Pvt. Ltd 4) V. B. Industries Ltd 5) JMD Medico Services Ltd, 6) Arstu Tradelink
Limited, 7) JMD Ventures Limited, 8) Dinman Marketing Limited, 9) Virdhi Buldwell Limited

C. Amount Outstanding (Receivable/Payable) as on 31.3.2025: As mentioned above
Note 27: Deferred Tax Assets/Liabilities:

Over the period of time, the Company has provided more depreciation in the books of accounts on the existing assets
than that claimed, so there are deferred taxes Assets on account of it. The accumulated Deferred Tax Assets as on
31.03.2025 was Rs. 2.60 Lakhs as against the Deferred Tax Assets of Rs. 2.60 Lakhs as on 31.03.2024. This is in
accordance with Indian Accounting Standard (AS12)"Accounting for Taxes on Income".

Note 28: Employee Benefits:

The employees benefit regarding Gratuity, Pension, Leave Encashment etc. which are payable after the end of the
period in which the employees render service has not been measured and no actuarial valuation was done and not
recognized as expenses. It will be recognized as and when it actually paid. However, the management has a view to
consider gratuity provision only after completion of the service period of 5 years as per Gratuity Act and therefore
there is no such liability at present.

There is no capital work in progress whose completion is overdue or has exceeded its cost compared to its original
plan.

Note 33:

There are no Intangible assets under development or whose completion is overdue or has exceeds its cost compared
to its original plan.

Note 34:

No proceedings have been initiated during the year or are pending against the company for holding benami property
under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under as at 31st March
2025.

Note 35:

The company has not been availed working capital limits from Banks on the basis of security of current assets and
therefore no quarterly returns or statements is required to be filed by the company, hence disclosure of deficiencies is
not required.

Note 36:

The company has not been declared as a willful defaulter by any bank or financial institutions or by any other lender.

Note 37:

The company has utilized the fund raised from the bank or financial institutions for the same purpose for which the
loan was taken during the year.

Note 38:

There is no charge or satisfaction of charges is yet to be registered with the Registrar of Companies. The company
has followed / complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rule 2017.

Note 39:

There is no scheme of arrangements has been approved by the competent authority in terms of section 230 to 237
(Corporate Restructuring) of the Companies Act 2013.

Note 40:

The company did not have any transactions relating to previously unrecorded income that have been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

Note 41:

The company does not fulfill the criteria as specified under section 135(1) of the Act read with the Companies
(Corporate Social Responsibility Policy) Rules 2014; hence no CSR is required to be spent.

Note 42:

The company has not traded or invested Crypto currency or virtual currency during the financial year.

Note 43:

The company has not entered in any transactions with any struck off companies under section 248 of the Companies
Act 2013 or section 560 of the Companies Act 1956.

Note 44:

The company has not borrowed any funds for the purpose of further lending, investment, guarantee or security to
the third parties during the year.

Note 45:

As per view of management the company deals in single line of products / services i.e. financing and investing, hence
there is no reportable segment as per IND AS 108.

Note 46:

The Company has followed level 3 of fair value hierarchy of the financial instruments considering all current assets
and liabilities are at fair value. However, the company has not recognized any gain / (loss) to the cost of inventories
held in the form of unquoted equity shares i.e. financial instruments falling within the level - 3 in accordance with the
IND AS 113 and the management is in process to conduct valuation of shares by the independent valuer. Further the
management believes that there is no material impact in respect of fair valuation to the carrying value of respective
shares.

Note 47:

Balances of Trade Receivable, Loans & Advances, Trade Payable and Other current assets & liabilities are subject to
confirmation from the respective parties and consequently adjustments if any will be made at the time of
reconciliation.

Note 48:

There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding
for more than 45 days as at March 31, 2025. This information as required to be disclosed under Micro, Small and
Medium Enterprises Development Act, 2006 which has been determined to the extent such parties who identified on
the basis of information available with the Company.

Note 49:

The company has given loans and advances of Rs. 245.19 Lakh interest free. However, in the opinion of management
the value which has been shown in statement is fair value and for business purpose and not prejudice to the interest
of the company.

Note 50:

Estimated amounts of contracts remaining to be executed on capital account not provided for as at March 31, 2025 -
Rs Nil (March 31, 2024 - Rs Nil)

Note 51:

There is no restructure account as on March 31, 2025 and no account has been restructured during the year, hence
disclosure pursuant as required under RBI Circular RBI/DoR/2023-24/106 DoR.FIN.REC.No.45/03.10.119/2023-24
Master Direction - Reserve Bank of India (Non-Banking Financial Company -Scale Based Regulation) Directions,
2023 dated October 19, 2023 is not required.

Note 52:

There are no pending litigations as at March 31, 2025 having impact on the financial position of the company.

Note 55:

The Company is having investments / inventories in some of small cap illiquid stocks where either there is very thin
trading or is no trading during the entire financial year. Even trading in some of these shares has been suspended by
Stock Exchanges. The Company has valued these shares on last traded price on BSE and has not made any provision
for the possible losses. Further the management believes that there is no material impact in respect of fair valuation
to the carrying value of respective shares.

Note 56: Contingent Liabilities and Commitments: NIL (Previous Year: Nil)

The Company is not required to comply with the guidelines on Liquidity Coverage Ratio (LCR) in line with Circular
dated 04.11.2019 RBI/ 2019-20 /88CC PD No. DOR.NBFC (PD) CC No 102/03.10.001/2019-20 issued by RBI.

The figures of the above ratios are based on Ind AS financials in terms of RBI Circular dated March 13, 2020
RBI/2019-20/170 DOR (NBFC) 109/22.10.106/2019-20 and are inclusive subsequent realization of gain shown
under capital reserve as per the scheme of arrangement

The Company maintains an actively managed capital base to cover risks inherent in the business and is meeting the
capital adequacy requirements of the Reserve Bank of India (RBI) of India. The adequacy of the Company''s capital is
monitored using, among other measures, the regulations issued by RBI.

The Company has complied in full with all its externally imposed capital requirements over the reported period.

The Capital Management objectives of the Company are:

¦ to ensure that the company complies with externally imposed capital requirements and maintains strong
credit ratings and healthy capital ratios

¦ to ensure the ability to continue as a going concern

¦ to provide an adequate return to shareholders

The management of the Company assesses the capital requirements in order to maintain an efficient overall
financing structure. This takes into account the subordination levels of the Company''s various classes of debt. The
Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions
and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the
Company may adjust the amount of dividends paid to shareholders, return on capital to shareholders, issue new
shares, or sell assets to reduce debt.

A. Fair Value Hierarchy

Financial assets and financial liabilities are measured at fair value in the financial statements are grouped into three
Levels of a fair value hierarchy. The three Levels are defined based on the observability of significant inputs to the
measurement, as follows:

The categories used are as follows:

Level 1: Quoted prices (unadjusted) in for identical instruments in active markets;

Level 2: Directly (i.e. as prices) or indirectly (i.e. derived from prices) observable market inputs, other than Level 1
inputs; and

Level 3: Inputs which are not based on observable market data (unobservable inputs)

The management assessed that fair values of cash and cash equivalents, other bank balances, other financial
assets, trade payables and other financial liabilities approximate their respective carrying amounts, largely due to
the short-term maturities of these instruments. The following methods and assumptions were used to estimate
the fair values for other assets and liabilities:

i. The fair values of the Company''s fixed interest bearing loan and investment in debt securities are
determined by applying discounted cash flows (''DCF'') method, using discount rate that reflects the
issuer''s borrowing rate as at the end of the reporting period.

ii. The fair values of the Company fixed rate interest-bearing borrowings are determined by applying
discounted cash flows (''DCF'') method, using discount rate that reflects the issuer''s borrowing rate as at
the end of the reporting period. For variable rate interest-bearing debt securities and borrowings
carrying value represent best estimate of their fair value as these are subject to changes in underlying
interest rate indices as and when the changes happen.

Risk Management

The company is mainly engaged in Investment and financial activities. The company''s principal financial liabilities
compromise borrowings and other payables. The main purpose of these financial liabilities is to finance and
support Company''s operation. The company''s principal financial assets include loans, Investment, Inventories,
Cash and Cash Equivalents and Receivables.

The risk management policies of the company are established to identify and analysis the risk faced by the
company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the
company''s activities.

The Company''s activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of
risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial
statements.

The Board has the overall responsibility of risk management and managing overall risk in the organization. In
accordance with the RBI guidelines to enable NBFCs to adopt best practices and greater transparency in their
operations, the Board of Directors of the Company reviews risk management in relation to various risks, namely,
market risk, credit risk, liquidity risk and operational risk.

Credit Risk

Credit risk is the risk that counterparty fails to discharge its obligation to the Company. This is the most important
risk since the business of the Company is lending. The Company has established various internal risk
management processes to provide early identification of possible changes in the creditworthiness of
counterparties, including regular collateral revisions. Counterparty limits are established by the use of a credit risk
classification system, which assigns each counterparty a risk rating. Risk ratings are subject to regular revision.
The credit quality review process aims to allow the Company to assess the potential loss as a result of the risks to
which it is exposed and take corrective actions.

Credit Risk Management

The Company assesses and manages credit risk based on internal credit rating system and external ratings. From
credit risk perspective, the Company''s lending portfolio can be segregated into following broad categories:

Low Credit Risk

Moderate Credit Risk

High Credit Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or another financial asset. The ultimate responsibility for
liquidity risk management rests with the Board of Directors. The Company manages liquidity risk by maintaining
adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and
actual cash flows, and by matching the maturity profiles of financial assets and financial liabilities. Management
monitors rolling forecasts of the company''s liquidity position and cash and cash equivalents on the basis of
expected cash flows.

The Board of Directors of the Company has overall responsibility and oversight for the management of all the
risks, including liquidity risk, to which the Company is exposed to in the course of conducting its business. The
Board approves the governance structure, policies, strategy and risk limits for the management of liquidity risk.
The Board of Directors approved the constitution of the Asset Liability and Risk Management Committee
(hereinafter called "ALRMC") for the effective supervision, evaluation, monitoring and review of various aspects
and types of risks, faced by the Company. The main objective of ALRMC is to assist the Board to review of risk
management, review of asset-liability gap and also review and enforce asset-liability management (ALM) function
and discharge of the responsibilities of asset-liability management, market risk management, liquidity and
interest rate risk management. ALRMC provides guidance and directions in terms of interest rates and liquidity.

Note 68: ublic disclosure on Intra-Group Exposure for the year ended on Mar 31, 2024 as required under RBI
Circular RBI/DoR/2023-24/106 DoR.FIN.REC.No.45/03.10.119/2023-24 Master Direction - Reserve Bank of
India (Non-Banking Financial Company -Scale Based Regulation) Directions, 2023 dated October 19, 2023:

During financial year 2024-25 and financial year 2023-24, the company had no Intra Group, hence, disclosure
pursuant to RBI circular RBI/2022-23/26 DOR. ACC REC. NO.20/21.04.018/2022-23 dated April 19, 2022 not given.

Note 69: Public disclosure on Unhedged Foreign Currency Exposure for the year ended on Mar 31, 2024 as
required under RBI Circular RBI/DoR/2023-24/106 DoR.FIN.REC.No.45/03.10.119/2023-24 Master Direction -
Reserve Bank of India (Non-Banking Financial Company -Scale Based Regulation) Directions, 2023 dated
October 19, 2023:

During financial year 2024-25 and financial year 2023-24, the company had no Unhedged Foreign Currency
Exposure, hence, disclosure pursuant to RBI circular RBI/2022-23/26 DOR. ACC REC. NO.20/21.04.018/2022-23
dated April 19, 2022 not given.

Note 7°: Public disclosure on Complaints received by the NBFCs from customers and from the Offices of
Ombudsman for the year ended on Mar 31, 2024 as required under RBI Circular RBI/DoR/2023-24/106
DoR.FIN.REC.No.45/03.10.119/2023-24 Master Direction - Reserve Bank of India (Non-Banking Financial
Company -Scale Based Regulation) Directions, 2023 dated October 19, 2023:

During financial year 2024-25 and financial year 2023-24, the company had no complain received by the NBFCs
from the customer and from the offices of ombudsman, hence, disclosure pursuant to RBI Circular RBI/DoR/2023-
24/106 DoR.FIN.REC.No.45/03.10.119/2023-24 Master Direction - Reserve Bank of India (Non-Banking Financial
Company -Scale Based Regulation) Directions, 2023 dated October 19, 2023 not given

Notes "1" to "70" form an integral part of the accounts and have been duly authenticated.

As per our report of this date annexed

For Rajesh Kumar Gokul Chandra & Associates For & on behalf of the Board of Directors

Chartered Accountants
ICAI Registration No. 323891E

S/d- S/d-

Adarsh Purohit Gwal Das Vyas

S/d- Director Director

Archana Jhunjhunwala DIN : 02950960 DIN : 01438374

Partner

Membership No. 069098

UDIN: 25069098BMHIQJ5530 S/d- S/d-

Surendra Singh Shradha Purohit Agarwal

Kolkata, Date: May 28, 2025 Chief Financial Officer Company Secretary

---

Mar 31, 2024

1.18 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised only when:

i. an Company entity has a present obligation (legal or constructive) as a result of a past event; and

ii. it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

iii. a reliable estimate can be made of the amount of the obligation

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time value of money is material, the carrying amount of the provision is the present value of those cash flows. Reimbursement expected in respect of expenditure required to settle a provision is recognised only when it is virtually certain that the reimbursement will be received.

Contingent liability is disclosed in case of:

i. a present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the obligation; and

ii. a present obligation arising from past events, when no reliable estimate is possible.

Contingent assets are disclosed where an inflow of economic benefits is probable. Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date.

Where the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under such contract, the present obligation under the contract is recognised and measured as a provision.

1.19 Statement of cash flows:

Statement of cash flows is prepared segregating the cash flows into operating, investing and financing activities. Cash flow from operating activities is reported using indirect method adjusting the net profit for the effects of:

i. changes during the period in operating receivables and payables transactions of a non-cash nature;

ii. non-cash items such as depreciation, provisions, deferred taxes, unrealized gains and losses; and

iii. all other items for which the cash effects are investing or financing cash flows.

Cash and cash equivalents (including bank balances) shown in the Statement of Cash Flows exclude items which are not available for general use as on the date of Balance Sheet.

1.20 Earnings per share:

The Company presents basic and diluted earnings per share data for its ordinary shares. Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for own shares held, for the effects of all dilutive potential ordinary shares.

1.21 Key source of estimation:

The preparation of financial statements in conformity with Ind AS requires that the management of the Company makes estimates and assumptions that affect the reported amounts of income and expenses of the period, the reported balances of assets and liabilities and the disclosures relating to contingent liabilities as of the date of the financial statements. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates include useful lives of property, plant and equipment & intangible assets, expected credit loss on loan books, future obligations in respect of retirement benefit plans, fair value measurement etc. Difference, if any, between the actual results and estimates is recognised in the period in which the results are known.

1.22 Changes in Accounting Standard and recent accounting pronouncements (New Accounting Standards issued but not effective):

On March 30, 2023, the Ministry of Corporate Affairs issued the Companies (Indian Accounting Standards) (Amendments) Rules, 2019, notifying Ind AS 116 on Leases. Ind AS 116 would replace the existing leases standard Ind AS 17. The standard sets out the principles for the recognition, measurement, presentation and disclosures for both parties to a contract, i.e. the lessee and the lessor. Ind AS 116 introduces a single lease accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. Currently for operating lease, rentals are charged to the statement of profit and loss. The Company is currently evaluating the implication of Ind AS 116 on the financial statements.

The Companies (Indian Accounting Standards) Amendment Rules, 2019 notified amendments to the following accounting standards. The amendments would be effective from April 1, 2019

a) Ind AS 12, Income taxes — Appendix C on uncertainty over income tax treatments

b) Ind AS 19— Employee benefits

c) Ind AS 23 - Borrowing costs

d) Ind AS 28— investment in associates and joint ventures

e) Ind AS 103 and Ind AS 111 — Business combinations and joint arrangements

f) Ind AS 109 — Financial instruments

The Company is in the process of evaluating the impact of such amendments.

1.23 Inventories

Inventories have been valued at the method prescribed in the Accounting Standards.

1.24 Other Income Recognition

Interest on Loan is booked on a time proportion basis taking into account the amounts invested and the rate of interest.

Dividend income on investments is accounted for when the right to receive the payment is established.

1.25 Purchases

Purchase is recognized on passing of ownership in share based on broker''s purchase note.

1.26 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known losses and liabilities.

1.27 Investments

Current investments are stated at the lower of cost and fair value. Long-term investments are stated at cost. A provision for diminution is made to recognize a decline, other than temporary, in the value of long-term investments. Investments are classified into current and long-term investments.

Investments that are readily realizable and are intended to be held for not more than one year from the date, on which such investments are made, are classified as current investments. All other investments are classified as noncurrent investments.

1.28 Related Parties

Parties are considered to be related if at any time during the reporting period one party has the ability to control the other party or exercise significant influence over the other party in making financial and/or operating decisions.

As required by AS-18 "Related Party Disclosure" only following related party relationships are covered:

i. Enterprises that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are under common control with, the reporting enterprise (this includes holding Companies, subsidiaries and fellow subsidiaries);

ii. Associates and joint ventures of the reporting enterprise and the investing party or venture in respect of which the reporting enterprise is an associate or a joint venture;

iii. Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual;

iv. Key management personnel (KMP) and relatives of such personnel; and

v. Enterprises over which any person described in (iii) or (iv) is able to exercise significant influence.

1.29 Stock In Trade

Shares are valued at cost or market value, whichever is lower. The comparison of Cost and Market value is done separately for each category of Shares.

Units of Mutual Funds are valued at cost or market value whichever is lower. Net asset value of units declared by mutual funds is considered as market value for non-exchange traded Mutual Funds.

1.30 Fair Value Hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

1.31 Financial Risk Management Objectives and Policies:

The Company''s activities are exposed to a variety of Financial Risks from its Operations. The key financial risks include Market risk, Credit risk and Liquidity risk.

i. Market Risk:

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises mainly three types of risk, foreign currency risk, Interest rate risk and other price risk such as Equity price risk and Commodity Price risk.

ii. Foreign Currency Risk:

There are no Foreign Currency transactions during the financial year.

iii. Foreign Currency Sensitivity:

There are no Foreign Currency transactions during the financial year.

iv. Credit Risk:

Credit risk is the risk that counterparty might not honor its obligations under a financial instrument or customer contract, leading to a financial loss. The company is exposed to credit risk from its operating activities (primarily trade receivables).

v. Trade Receivables:

Customer credit risk is managed based on company''s established policy, procedures and controls. The company assesses the credit quality of the counterparties, taking into account their financial position, past experience and other factors.

Credit risk is reduced by receiving pre-payments and export letter of credit to the extent possible. The Company has a well-defined sales policy to minimize its risk of credit defaults. Outstanding customer receivables are regularly monitored and assessed. The Company follows the simplified approach for recognition of impairment loss and the same, if any, is provided as per its respective customer''s credit risk as on the reporting date.

vi. Liquidity Risk:

Liquidity risk is the risk, where the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The company''s approach is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due.

1.32 Summary of Significant Accounting Policies General

• Contingent Liabilities & Commitments - Nil

• Additional Information disclosed as per Part II of the Companies Act, 2013 - Nil

1.33 Earnings/(loss) per share

i. Basic earnings/ (loss) per share

Basic earnings / (loss) per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year.

ii. Diluted earnings / (loss) per share

Diluted earnings / (loss) per share adjusts the figures used in the determination of basic earnings per share to take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

• the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential equity shares.

1.34 Critical Estimates and Judgments

In the application of the company''s accounting policies, which are described in note 1, the management is required to make judgment, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other process. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future period if the revision affects both current and future period.

The following are the critical estimates and judgments that have the significant effect on the amounts recognised in the financial statements.

1.35 Critical Estimates and Judgments

Estimation of Current Tax Expense and Deferred Tax

The calculation of the company''s tax charge necessarily involves a degree of estimation and judgment in respect of certain items whose tax treatment cannot be finally determined until resolution has been reached with the relevant tax authority or, as appropriate, through a formal legal process. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the current and deferred income tax in the period in which such determination is made.

Recognition of Deferred Tax Assets / Liabilities

The recognition of deferred tax assets is based upon whether it is probable that sufficient and suitable taxable profits will be available in the future against which the reversal of temporary differences can be deducted. To determine the future taxable profits, reference is made to the approved budgets of the company. Where the temporary differences are related to losses, local tax law is considered to determine the availability of the losses to offset against the future taxable profits as well as whether there is convincing evidence that sufficient taxable profit will be available against which the unused tax losses or unused tax credits can be utilised by the company. Significant items on which the Company has exercised accounting judgment include recognition of deferred tax assets in respect of losses. The amounts recognised in the financial statements in respect of each matter are derived from the Company''s best estimation and judgment as described above.

Estimation of Provisions and Contingent Liabilities

The company exercises judgment in measuring and recognising provisions and the exposures to contingent liabilities, which is related to pending litigation or other outstanding claims. Judgment is necessary in assessing the likelihood that a pending claim will succeed, or a liability will arise, and to quantify the possible range of the financial settlement.

Because of the inherent uncertainty in this evaluation process, actual liability may be different from the originally estimated as provision. Although there can be no assurance of the final outcome of the legal proceedings in which the company is involved, it is not expected that such contingencies will have a material effect on its financial position or profitability.

Estimation of useful life of Property, Plant and Equipment and Intangible Assets

Property, Plant and Equipment and Intangible assets represent a significant proportion of the asset base of the company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset''s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of company''s assets are determined by management at the time the asset is acquired and reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology.

Estimation of Provision for Inventory

The company writes down inventories to net realisable value based on an estimate of the realisability of inventories. Write downs on inventories are recorded where events or changes in circumstances indicate that the balances may not realised. The identification of write-downs requires the use of estimates of net selling prices of the down-graded inventories. Where the expectation is different from the original estimate, such difference will impact the carrying value of inventories and write-downs of inventories in the periods in which such estimate has been changed.

Impairment of Trade Receivable

The impairment provisions for trade receivable are based on assumptions about risk of default and expected loss rates. The company uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based on the company''s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

Note 21 — Contingent Liabilities not provided for

Not any

Note:

(a) The Company has not provided for Gratuity Fund payable to certain employees.

(b) The Company is having investments in some of small cap illiquid stocks where either there is very thin trading or is no trading during the entire financial year. Even trading in some of these shares has been suspended by Stock Exchanges. The Company has valued these shares on last traded price on BSE/CSE and has not made any provision for the possible losses.

(c) The audited financial statement, valuation of the unquoted investments are subject to the valuation by independent valuer, as per management explanation they are under process to carrying out fair valuation from registered valuer , these are shown its investment value.

(d) Currently the trading in the Shares are under restrictions and there might by Penalties/Charges at the time of shifting of trading from restricted segment (GSM) to normal trading.

Note 22: Corporate Social Responsibility

The Company does not meet the criteria specified in sub section (1) of section 135 of the Companies Act, 2013, read with Companies [Corporate Social Responsibility (CSR)] Rules, 2014. Therefore it is not required to incur any expenditure on account of CSR activities during the year.

Note 23: Segment Reporting -

The company is primarily engaged in the single business of trading in shares and securities and there is no reportable secondary segment i.e. geographical segment. Hence, the disclosure requirement of Accounting Standard-17 "Segment Reporting" as notified by Companies (Accounting Standards) Rules, 2006 (as amended) is not applicable.

Note 32: There are no Intangible assets under development or whose completion is overdue or has exceeds its cost compared to its original plan.

Note 33: There is no proceedings have been initiated during the year or are pending against the company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder as at 31st March 2024.

Note 34: The company has not availed working capital / overdraft limits from Banks or financial institutions on the basis of security of current assets.

Note 35: The Company has not been declared as a willful defaulter by any bank or financial institutions or by any other lender.

Note 36: The Company has not borrowed any long term fund from the bank or financial institutions during the year.

Notes:

1. Due to decrease in gross value of Financial Assets

2. Due to higher expenses on Account of Other Expenses

3. Decrease in Inventories

4. Increase in Net Profit

5. Increase in Net Profit

Note 38:

There is no charge or satisfaction of charges is yet to be registered with the Registrar of Companies.

Note 39:

The Company has followed / complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rule 2017.

Note 40:

There is no scheme of arrangements has been approved by the competent authority in terms of section 230 to 237 (Corporate Restructuring) of the Companies Act 2013.

Note 41:

The company did not have any transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. However, the company has been settled its income tax demand under the Vivad Se Vishwas Scheme on account of addition of share capital raised during the previous years.

Note 42: Details of CSR

The provision of the Companies Act, 2013 relating to CSR Initiatives are not applicable to the Company.

Note 43:

The company has not trade or invested Crypto currency or virtual currency during the financial year.

Note 44:

The company has not entered in any transactions with any struck off companies under section 248 of the Companies Act 2013 or section 560 of the Companies Act 1956.

Note 45:

The company has not borrowed any funds for the purpose of further lending, investment, guaranty or security to the third parties during the year. However the fund borrowed and utilized for lending, investment, guarantee or security to the third parties during the earlier previous years for short term purpose are partially outstanding as on 31st March 2024.

Note 46:

There are no material differences between the gross and net (WDV) carrying amounts of each class of assets, hence the reconciliation is not required.

Note 47: Important pronouncements

On March 24, 2021, the Ministry of Corporate Affairs ("MCA") through a notification amended Schedule III of the Companies Act, 2013. The amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. Key amendments relating to Division II which relate to companies whose financial statements are required to comply with Companies (Indian Accounting Standards) Rules 2015 are:

Balance Sheet:

• Lease liabilities should be separately disclosed under the head ''financial liabilities'', duly distinguished as current or non-current.

• Certain additional disclosures in the statement of changes in equity such as changes in equity share capital due to prior period errors and restated balances at the beginning of the current reporting period.

• Specified format for disclosure of shareholding of promoters.

• Specified format for ageing schedule of trade receivables, trade payables, capital work-in-progress and intangible asset under development.

• If a company has not used funds for the specific purpose for which it was borrowed from banks and financial institutions, then disclosure of details of where it has been used.

• Specific disclosure under ''additional regulatory requirement'' such as compliance with approved schemes of arrangements, compliance with number of layers of companies, title deeds of immovable property not held in name of company, loans and advances to promoters, directors, key managerial personnel (KMP) and related parties, details of benami property held etc.

Statement of Profit and Loss:

• Additional disclosures relating to Corporate Social Responsibility (CSR), undisclosed income and crypto or virtual currency specified under the head ''additional information'' in the notes forming part of the standalone financial statements.

The amendments are extensive and the Company will evaluate the same to give effect to them as required by law.

Note 51: Other Notes to Accounts

i. In the opinion of the management, current assets, loans and advances and other receivables are approximately of the value stated, if realized in the ordinary course of business. The provisions of all known liability are ascertained, except for Trade Receivables. Since the receivables are dues for more than one year, we are not certain about the recoveries of the same. The Company is confident of receiving the dues and hence no contingency liabilities have been provided.

ii. Previous year figures have been restated to confirm the classification of the current year.

iii. Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors are Loans & Advances are subject to reconciliation, since conformations have not been received from them. Necessary entries will be passed on receipt of the same if required.

iv. We draw the attention of members that the Company is having investments in some of small cap illiquid stocks where either there is very thin trading or is no trading during the entire financial year. Even trading in some of these shares has been suspended by Stock Exchanges. The Company has valued these shares on last traded price on BSE.

v. The audited financial statement, valuation of the unquoted investment are subject to the further valuation by independent valuer, as per management explanation they are under process to carrying out fair valuation from registered valuer , these are shown its investment value.

vi. The company has not provided for Gratuity and Leave Encashment to Employees on accrual basis, which is not in conformity with AS-15 issued by ICAI. However, in the opinion of management the amount involved is negligible and has no impact on Statement of Profit & Loss.

For Rajesh Kumar Gokul Chandra & Associates For & on behalf of the Board of Directors

Chartered Accountants

ICAI Registration No. 323891E

S/d- S/d-

Adarsh Purohit Gwal Das Vyas

S/d- Director Director

Archana Jhunjhunwala DIN : 02950960 DIN : 01438374

Partner

Membership No. 069098

UDIN: 24069098BKCLKH5686 S/d- S/d-

Surendra Singh Shradha Purohit Agarwal

Kolkata, Date: May 28, 2024 Chief Financial Officer Company Secretary

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Mar 31, 2015

1. Company Information

Prime Capital Market Limited (referred to as "Company") has been incorporated on June 28, 1994 vide CIN L67120OR1994PLC003649 having registered office at Plot No. 18A, BJB Nagar, Bhubaneshwar - 751 014.

The Company is one of the RBI registered NBFC. The Company is in the business of Trading and Investments Activities in Shares & Securities as well as Commodities trading and engaged in financing activities by way of providing funding solutions to clients.

2. Other Notes and Additional Information forming part of Financial Statements

i. In the opinion of the management, current assets, loans and advances and other receivables are approximately of the value stated, if realized in the ordinary course of business. The provisions of all known liability are ascertained.

ii. Previous year figures have been restated to conform to the classification of the current year.

iii. Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors are Loans & Advances are subject to reconciliation, since conformations have not been received from them. Necessary entries will be passed on receipt of the same if required.

iv. The company has not provided for Gratuity and Leave Encashment to Employees on accrual basis, which is not in conformity with AS-15 issued by ICAI. However, in the opinion of management the amount involved is negligible and has no impact on Statement of Profit & Loss.

3. Terms/Rights attached to Equity Shares:-

(i) The Company has only one class of Equity shares having par value of Rs. 10/- per share.

(ii) Each holder of Equity share is entitled to one vote per share.

(iii) In the event of Liquidation of the Company , the holders of Equity shares will be entitled to receive the realised value of the assets of the Company, remaining after payment of all prefrential dues(if any) .The distribution will be in proportion to the number of equity shares held by the shareholders.

4. As defined in paragraph 2(1) (xii) of the Non-Banking Financial Companies of acceptance of Public Deposits (Reserve Bank) Directons 1998.

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

6. All Accounting Standards and Guaidance Notes issued by the ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However market value in respect of quoted investments and break-up / fair value/ NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term current in column (5) above.

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Mar 31, 2014

Contingent Liabilities

1. No provision has been made in the books of Accounts as against income tax demand.

Others

2. None of the Raw Materials, Stores, Spares and Components consumed or purchased during the year have been imported.

3. Noneof the Earnings/ Expenditures is in Foreign Currency.

4. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

5. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

6. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

7. There was no employee receiving remuneration to the extent as laid on under section 217 (2A) of the Companies Act, 1956.

Segment Report

8. Segment reporting as defined in Accounting Standard 17 is not applicable as the Company is primarily engaged in NBFC Activities. As informed to us, there are not separate segment within the Company as defined as 17 (Segment Report).

Related Party Transactions

9. Key Management Personnel -

a. Mr.SushilKr. Purohit - Managing Director

b. Mr. PawanKr. Purohit - Executive Director

Related Party Transactions

10. Sum of X Nil has been paid to related party during the financial year under review. Differed Tax on Income

11. Differed Income Tax reflects the impact of reversed of timing difference of earlier year. Deferred Tax is measured on the Tax rates and Tax Laws enacted or substantively enacted at the Balance Sheet date. Differed tax assets are recognized only to the extent that there is reasonable certainly that sufficient future taxable income will be available against which such differed tax assets can be realized.

12. Information pursuant to paragraph 98B of Non Banking Financial Companies Prudential Norms (Reserve Bank) direction, 1998 has been given in separate Annexure.

13. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

As per our report of even date

Notes: 1. As defined in paragraph 2(1) (xii) of the Non-Banking Financial Companies of acceptance of Public Deposits (Reserve Bank) Directons 1998.

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

3. All Accounting Standards and Guaidance Notes issued by the ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However market value in respect of quoted investments and break- up / fair value/ NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term current in column (5) above.

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Mar 31, 2013

Related Party Transactions

1. Key Management Personnel -

a. Mr. Sushil Kr. Purohit - Managing Director

b. Mr. Pawan Kr. Purohit - Executive Director Related Party Transactions

2. Sum of Rs. Nil has been paid to related party during the financial year under review. Differed Tax on Income

3. Differed Income Ta x reflects the impact of reversed of timing difference of earlier year. Deferred Tax is measured on the Ta x rates and Ta x Laws enacted or substantively enacted at the Balance Sheet date. Differed tax assets are recognized only to the extent that there is reasonable certainly that sufficient future taxable income will be available against which such differed tax assets can be realized.

4. Information pursuant to paragraph 98B of Non Banking Financial Companies Prudential Norms (Reserve Bank) direction, 1998 has been given in separate Annexure.

5. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

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Mar 31, 2011

1. None of the Earnings / Expenditures is in Foreign Currency.

2. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

3. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

4. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

5. There was no employee receiving remuneration to the extent as laid on under section 217 (2A) of the Companies Act, 1956.

Segment Report

6. Segment reporting as defined in Accounting Standard 17 is not applicable as the Company is primarily engaged in NBFC Activities. As informed to us, there are not separate segment within the Company as defined as 17 (Segment Report).

Related Party Transactions

7. Key Management Personnel -

a. Mr. Bimal Joshi - Executive Director

b. Mr. Sushil Kr. Purohit - Managing Director

c. Mr. Dhruva Narayan Jha - Non-Executive Director

Related Party Transactions

8. Sum of Rs. Nil has been paid to related party during the financial year under review.

Differed Tax on Income

9. Differed Income Tax reflects the impact of reversed of timing difference of earlier year. Deferred Tax is measured on the Tax rates and Tax Laws enacted or substantively enacted at the Balance Sheet date. Differed tax assets are recognized only to the extent that there is reasonable certainly that sufficient future taxable income will be available against which such differed tax assets can be realized.

Carried Forward Losses on account of Differed Tax Provision

10. During the year the Company has for the first time adopted Accounting Standard 22 as "Accounting for Taxes on Income " issued by the institute of Chartered Accountants of India, consequently net differed Tax credit till 31st March 2003 of Rs. 2,59,522/- has been recorded by transferring the said amount to Profit and Loss A/c. as at 31st March, 201 1 Carry forward Loss - Rs. 2,59,522/-.

11. Information pursuant to paragraph 98B of Non Banking Financial Companies Prudential Norms (Reserve Bank) direction, 1998 has been given in separate Annexure.

12. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year

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Mar 31, 2010

1. None of the Earnings / Expenditures is in Foreign Currency.

2. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

3. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

4. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

5. There was no employee receiving remuneration to the extent as laid on under section 217 (2A) of the Companies Act, 1956.

SEGMENT REPORT

6. Segment reporting as defined in Accounting Standard 17 is not applicable as the Company is primarily engaged in NBFC Activities. As informed to us, there are not separate segment within the Company as defined as 17 (Segment Report).

RELATED PARTY TRANSACTIONS

7. Key Management Personnel -

a. Mr. Bimal Joshi

b. Mr. Sushil Kr. Purohit

RELATED PARTY TRANSACTIONS

8. Sum of Rs. Nil has been paid to related party during the financial year under review.

DIFFERED TAX ON INCOME

9. Differed Income Tax reflects the impact of reversed of timing difference of earlier year. Deferred Tax is measured on the Tax rates and Tax Laws enacted or substantively enacted at the Balance Sheet date. Differed tax assets are recognized only to the extent that there is reasonable certainly that sufficient future taxable income will be available against which such differed tax assets can be realized.

CARRIED FORWARD LOSSES ON ACCOUNT OF DIFFERED TAX PROVISION

10. During the year the Company has for the first time adopted Accounting Standard 22 as "Accounting for Taxes on Income " issued by the institute of Chartered Accountants of India, consequently net differed Tax credit till 31st March 2003 of Rs. 2,59,522/- has been recorded by transferring the said amount to Profit and Loss A/c. as at 31st March, 2010 Carry forward Loss - Rs. 2,59,522/-.

11. Information pursuant to paragraph 98B of Non Banking Financial Companies Prudential Norms (Reserve Bank) direction, 1998 has been given in separate Annexure.

12. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

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Mar 31, 2009

1. None of the Raw Materials, Stores, Spares and Components consumed or purchased during the year have been imported.

2. None of the Earnings / Expenditures is in Foreign Currency.

3. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

4. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

5. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

6. Segment reporting as defined in Accounting Standard 17 is not applicable as the Company is primarily engaged in NBFC Activities. As informed to us, there are not separate segment within the Company as defined as 17 (Segment Report).

Related Party Transactions

7. Sum of Rs. Nil has been paid to related party during the financial year under review. Differed Tax on Income

8. Differed Tax Asset (Net) for the year ended 31st March 2009 amounts to Rs. 36,599/-

9. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.