Triumph International Finance India Ltd. कंपली की लेखा नीति

Mar 31, 2025

1 Statement of Compliance

These financial statements have been prepared in accordance with the Indian Accounting standards (Ind AS)
notified under Section 133 of the Companies Act, 2013 (the Act) read with Companies (Indian Accounting
Standards) Rules, 2015, as amended and other relevant provisions of the Act.

2 Accounting Convention

The accounts are prepared under the ‘Historical Cost Convention ’ method.

3 Basis of Accounting

The accounts are prepared as per the ‘Accrual Basis of Accounting ’

The accounts are prepared on going concern basis, as the ban by the SEBI by its order dated November 12,
2007 from accessing the securities market and also prohibiting the Company from buying, selling or otherwise
dealing or associating with the securities market in any manner, whether directly or indirectly, for a period of
five years ends on November 12,2012. The Company has shown its intent to do business of trading in shares
and securities thereafter.

4 Revenue Recognition

(i) Prolit/Losses from Share Trading activity is recognised on ‘FIFO Cost ’ basis on uade dates.

(ii) Dividend income is recognised as and when the dividend is received.

5 Investments

Long-term Investments are stated at cost less provision for diminution, other than temporary,
in the value of the investments

6 Valuation of Stock-in-trade

Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined
on the basis of‘FIFO’

7 Deferred Tax

In terms of Accounting standard 22, “Accounting for taxes on income” issued by the Institute
of Chartered Accountants of India, the Deferred Tax Assets have not been created in the accounts
for the year ended 31st March, 2025 as the Company considers that there is no reasonable
certainty of sufficient future taxable income being available against which such tax assets can be
realised/ utilised.

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Mar 31, 2024

A SIGNIFICANT ACCOUNTING POLICIES

1 Statement of Compliance

The financial statements are prepared under the historical cost convention, on accrual basis, in accordance
with the generally accepted accounting principles in India, the Accounting Standards specified under section
133 of the Companies Act 2013 read with Rule (7) of the Companies (Accounts) Rules 2014 and the
provisions of the Companies Act, 2013.

2 Accounting Convention

The accounts are prepared under the ‘Historical Cost Convention '' method.

3 Basis of Accounting

The accounts are prepared as per the ‘Accrual Basis of Accounting''

The accounts are prepared on going concern basis, as the ban by the SEBI by its order dated November 12,
2007 from accessing the securities market and also prohibiting the Company from buying, selling or otherwise
dealing or associating with the securities market in any manner, whether directly or indirectly, for a period of
five years ends on November 12, 2012. The Company has shown its intent to do business of trading in shares
and securities thereafter.

4 Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on ‘FIFO Cost'' basis on trade dates.

(ii) Dividend income is recognised as and when the dividend is received.

5 Investments

Long-term Investments are stated at cost less provision for diminution, other than temporary,
in the value of the investments

6 Valuation of Stock-in-trade

Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined
on the basis of ‘FIFO''

7 Deferred Tax

In terms of Accounting standard 22, “Accounting for taxes on income” issued by the Institute
of Chartered Accountants of India, the Deferred Tax Assets have not been created in the accounts
for the year ended 31st March, 2024 as the Company considers that there is no reasonable
certainty of sufficient future taxable income being available against which such tax assets can be
realised/ utilised.

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Mar 31, 2004

(a) Accounting Convention

The accounts are prepared under the `Historical Cost Convention method.

(b) Basis of Accounting

The accounts are prepared as per the `Accrual Basis of Accounting unless otherwise stated.

The accounts are prepared on the " Going Concern Basis ".

Securities and Exchange Board of India on May 1 6, 2002 have cancelled the registration of the company as a Stock Broker. The company has filed an appeal before the Security Appellate Tribunal (SAT) against this order.

The company is a member of the National Stock Exchange of India Limited (NSE). NSE has declared the company as defaulter, with effect from May 3, 2002, due to failure of the company to resolve the investor complaints.

Due to stoppage of the business, the Company has suffered substantial liquidity problems. Therefore, considering the stoppage of business and the liquidity problems, the Companys ability to continue is dependent on vacation of the above order by SAT and/or inflow from receivable.

(c) Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on `FIFO Cost basis on trade dates.

(ii) Dividend income is recognised as and when the right to receive the dividend is established.

(iii) Lease rental is recognised on due basis depending on the certainty of recovery.

(d) Investments

(i) Long term Investments are stated at cost less provision for diminution, other than temporary, in the value of the investments.

(e) Valuation of Stock-in-trade

(i) Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined on the basis of `FIFO.

(f) Fixed Assets All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation-

(1) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/sold during the year is provided on a pro-rata basis with reference to the number of days.

(h) Retirement Benefits

The company contributes to the employees provident fund maintained under the provident fund scheme by the Central Government. The Contribution made is charged to Profit & Loss Account.

Company has taken a Group Gratuity Policy from the Life Insurance Corporation (LIC) of India for payment of Gratuities. The premium payment is charged to Profit & Loss Account.

The company does not have any other retirement benefit scheme.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

(j) Foreign Currency Transactions

(a) The transactions in foreign currency are recorded at the rate of exchange prevailing on the date of transaction.

(b) All the monetary foreign currency assets are restated at the rate on the cut-off date and the difference arising on such restatement is charged to profits loss account.

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Mar 31, 2003

(a) Accounting Convention

The accounts are prepared under the `Historical Cost Convention method.

(b) Basis of Accounting

The accounts are prepared as per the `Accrual Basis of Accounting unless otherwise stated.

The accounts are prepared on the "Going Concern Basis".

Securities and Exchange Board of India on May 16, 2002 have cancelled the registration of the company as a Stock Broker. The company has filed an appeal before the Security Appellate Tribunal (SAT) against this order.

The company is a member of {he National Stock Exchange of India Limited (NSE). NSE has declared the company as defaulter, with effect from May 3, 2002, due to failure of the company to resolve the investor complaints.

Due to stoppage of the business, the Company has suffered substantial liquidity problems. Therefore, considering the stoppage of business and the liquidity problems, the Companys ability to continue is dependent on vacation of the above order by SAT and/or inflow from receivable.

(c) Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on `FIFO Cost basis on trade dates.

(ii) Dividend income is recognised as and when the right to receive the dividend is established.

(iii) Lease rental is recognised on due basis depending on the certainty of recovery.

(iv) Interest on Government Securities, Debentures and other Fixed Income Securities is recognised on accrual basis.

(d) Investments

(i) Long term Investments are stated at cost less provision for diminution, other than temporary, in the value of the investments.

(e) Valuation of Stock-in-trade

(i) Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined on the basis of `FIFO.

(ii) Trading stock of Debt Market Instruments is valued at Identifiable Cost

(f) Fixed Assets

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/sold during the year is provided on a pro-rata basis with reference to the number of days.

(h) Retirement Benefits

The company contributes to the employees provident fund maintained under the provident fund scheme by the Central Government. The Contribution made is charged to Profit & Loss Account.

Company has taken a Group Gratuity Policy from the Life Insurance Corporation (LIC) of India for payment of Gratuities. The premium payment is charged to Profit & Loss Account.

The company does not have any other retirement benefit scheme.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

(j) Foreign Currency Transactions

(i) The transactions in foreign currerrcy are recorded at the rate of exchange prevailing on the date of transaction.

(ii) All the monetary foreign currency assets are restated at the rate on the cut-off date and the difference arising on such restatement is charged to profit & loss account.

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Mar 31, 2002

(a) Accounting Convention

The accounts are prepared under the `Historical Cost Convention method.

(b) Basis of Accounting The accounts are prepared as per the `Accrual Basis of Accounting unless otherwise stated. The accounts are prepared on the "Going Concern Basis".

Securities and Exchange Board of India on May 16, 2002 have cancelled the registration of the company as a Stock Broker. The company has filed an appeal before the Security Appellate Tribunal (SAT) against this order.

The company was a member of the National Stock Exchange of India Limited (NSE). NSE has declared the company as defaulter, with effect from May 3, 2002, due to failure of the company to resolve the investor complaints.

Due to stoppage of the business, the Company has suffered substantial liquidity problems. Therefore, considering the stoppage of business and the liquidity problems, the Companys ability to continue is dependent on vacation of the above order by SAT and/or inflow from receivable.

(c) Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on `FIFO Cost basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on `Completed Settlement basis.

(iii) Brokerage on Primary Market Operations is recognised on `Completed Issue basis. Income of the Investment banking division is accounted when the listing of the issue is completed and obligation is accepted by the client.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

(vi) Interest on Government Securities, Debentures and other Fixed Income Securities is recognised on accrual basis.

(d) Investments

(i) Investments are stated at cost less diminution, other than temporary, in the value of the investments.

(ii) Investment in foreign subsidiary is stated at cost.

(e) Valuation of Stock-in-trade

(i) Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined on the basis of `FIFO.

(ii) Trading Stock of Debt Market Instruments is valued at identifiable Cost.

(f) Fixed Assets

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/sold during the year is provided on a pro-rata basis with reference to the number of days.

(h) Retirement Benefits-

The company contributes to the employees provident fund maintained under the provident fund scheme by the Central Government;

The Contribution made is charged to Profit & Loss Account.

Company has taken a Group Gratuity Policy from the Life Insurance Corporation (LIC) of India for payment of Gratuities. The premium payment is charged to Profit & Loss Account. The company does not have any other retirement benefit scheme.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

(j) Foreign Currency Transactions

(i) The transactions in foreign currency are recorded at the rate of exchange prevailing on the date of transaction.

(ii) All the monetary foreign currency assets are restated at the rate on the cut-off date and the difference arising on such restatement is charged to profit & loss account.

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Mar 31, 2001

SIGNIFICANT ACCOUNTING POLICIES

(a) Accounting Convention

The accounts are prepared under the 'Historical Cost Convention' method.

(b) Basis of Accounting

The accounts are prepared as per the 'Accrual Basis of Accounting' unless otherwise stated. The accounts are prepared on the "Going Concern Basis".

Securities and Exchange Board of India in April 2001 have debarred the company from undertaking fresh business as a stockbroker or merchant banker till further notice. Due to stoppage of the business, the Company has suffered substantial liquidity problems after the Balance sheet date. Therefore, considering the stoppage of business and the liquidity problems, the Company's ability to continue is dependent on vacation of the order by SEBI and/or inflow from receivables.

(c) Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on 'FIFO Cost' basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on 'Completed Settlement' basis.

(iii) Brokerage on Primary Market Operations is recognised on 'Completed Issue' basis. Income of the Investment banking division is accounted when the listing of the issue is completed and obligation is accepted by the client.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

(vi) Interest on Government Securities, Debentures and other Fixed Income Securities is recognised on accrual basis.

(d) Investments

(i) Investments are stated at cost less diminution, other than temporary, in the value of the investments.

(ii) Investment in foreign subsidiary is stated at cost as adjusted for foreign currency difference.

(e) Valuation of Stock-in-trade

(i) Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined on the basis of 'FIFO'.

(ii) Trading Stock of Debt Market Instruments is valued at Identifiable Cost.

(f) Fixed Assets

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/added during the year is provided on a pro-rata basis with reference to the number of days.

(h) Retirement Benefits

(i) The company contributes to the employees' provident fund maintained under the provident fund scheme by the Central Government. The Contribution made is charged to Profit & Loss Account.

(ii) Company has taken a Group Gratuity Policy from the Life Insurance Corporation (LIC) of India for payment of Gratuities. The premium payment is charged to Profit & Loss Account.

(iii) The company does not have any other retirement benefit scheme.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

(j) Foreign Currency Transactions

(I) The transactions in foreign currency are recorded at the rate of exchange prevailing on the date of transaction.

(II) All the foreign currency assets are restated at the rate on the cut-off date and the difference arising on such restatement is charged to profit & loss account.

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Mar 31, 2000

(a) Accounting Convention

The accounts are prepared under the `Historical Cost Convention' method.

(b) Basis of Accounting

The accounts are prepared as per the `Accrual Basis of Accounting' unless otherwise stated.

(c) Revenue Recognition

(i) Profit/Losses from Share Trading activity is recognised on `Average Cost' basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on `Completed Settlement' basis.

(iii) Brokerage on Primary Market Operations is recognised on `Completed Issue' basis.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

(vi) Interest on Government Securities, Debentures and other Fixed Income Securities is recognised on accrual basis.

(d) Investments

Investments are stated at cost.

(e) Valuation of Stock-in-trade

(i) Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined on the basis of `Average Cost'.

(ii) Trading Stock of Debt Market Instruments is valued at Identifiable Cost.

(f) Fixed Assets

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/added during the year is provided on a pro-rata basis with reference to the number of days.

(h) Retirement Benefits

The company's liability towards retirement benefits in the form of provident fund and gratuity is fully charged to revenue expenditure. The company contributes to the employees' providend fund maintained under the provident fund scheme by the Central Government. Company has taken a Group Gratuity Policy from the Life Insurance Corporation (LIC) of India for payment of Gratuities. This liability is determined based on the actuarial valuation performed by the Life Insurance Corporation of India.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

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Mar 31, 1999

1) Accounting Convention :

The accounts are prepared under the `Historical Cost Convention' method.

2) Basis of Accounting :

The accounts are prepared as per the `Accrual Basis of Accounting'unless otherwise stated.

3) Revenue Recognition :

(i) Profit/losses from Share Trading activity is recognised on `Average Cost' basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on `Completed Settlement' basis.

(iii) Brokerage on Primary Market Operations is recognised on `Completed Issue' basis.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

(4) Investments :

Investments are stated at cost.

(5) Valuation of Stock-in-trade :

Trading Stock of Securities is valued at lower of Cost or Market Value. The cost is determined on the basis of `Average Cost'. In the previous year stock was valued on Average Cost basis. The method of stock valuation is changed to `Cost or Market Value whichever is lower'. As a result of the change the profit for the current year is lower by Rs. 35,46,160/-.

(6) Fixed Assets :

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(7) Depreciation :

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/added during the year is provided on a pro-rata basis with reference to the number of days.

(8) Retirement Benefits

The company's liability towards retirement benefits in the form of provident fund and gratuity is fully charged to revenue expenditure. The company contributes to the employees' provident fund maintained under the provident fund scheme by the Central Government. Provision for gratuity has been made based on the number of years completed by the employee assuming all the employees will complete the qualifying period of services entitling him/her under the Payment of Gratuity Act, 1972.

(9) Preliminary Expenditure :

Preliminary Expenditure is being written off over a period of ten years.

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Mar 31, 1998

1. Accounting Convention :

The accounts are prepared under the Historical Cost Convention method.

2. Basis of Accounting :

The accounts are prepared as per the Accrual Basis of Accounting unless otherwise stated.

3. Revenue Recognition :

i. Profit/losses from Share Trading activity is recognised on `Average Cost' basis on trade dates.

ii. Brokerage on Secondary Market Operations is recognised on `Completed Settlement' basis.

iii. Brokerage on Primary Market Operations is recognised on `Completed Issue' basis.

iv. Dividend income is recognised as and when the right to receive the dividend is established.

v. Lease rental is recognised on due basis depending on the certainty of recovery.

4. Investments :

Investments are stated at cost.

5. Valuation of Stock-in-trade :

Trading Stock of Securities is valued on `Average Cost' basis.

6. Fixed Assets :

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

7. Depreciation :

i. Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

ii. Depreciation on Fixed Assets purchased/added during the year is provided on a pro-rata basis with reference to the number of days.

8. Gratuity :

No provision for Gratuity has been made in the books of accounts as none of the employees has completed the qualifying period of services entitling him/her under the payment of Gratuity Act, 1972. The total gratuity, if any, payable as at 31st March, 1998 on the basis of fifteen days salary of each completed year of service is estimated at Rs. 2,58,726/-.

9. Preliminary Expenditure :

Preliminary Expenditure is being written off over a period of ten years.

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Mar 31, 1997

1. SIGNIFICANT ACCOUNTING POLICIES:

(a) Accounting Convention :

The accounts are prepared under the Historical Cost Convention method.

(b) Basis of Accounting :

The accounts are prepared as per the Accrual Basis of Accounting unless otherwise stated.

(c) Revenue Recognition :

(i) Profit/losses from Share Trading activity is recognised on `Average Cost' basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on `Completed Settlement' basis.

(iii) Brokerage on Primary Market Operations is recognised on `Completed Issue' basis.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

(d) Investments

Investments are stated at cost.

(e) Valuation of Stock-in-trade :

(i) In the absence of physical verification either during or at the end of the accounting period, the Stock of Raw Materials and Finished Goods is valued at their book value.

(ii) Trading Stock of Securities is valued on `Average Cost' basis.

(f) Fixed Assets :

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

(g) Depreciation :

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/added during the period is provided on a pro-rata basis with reference to the number of days.

(h) Gratuity :

No provision for Gratuity has been made in the books of accounts as none of the employees has completed the qualifying period of services entitling him/her under the payment of Gratuity Act, 1972. The total gratuity, if any, payable as at 31st March, 1997 on the basis of 15 days salary for each completed year of service is Rs. 200,000/-.

(i) Preliminary Expenditure

Preliminary Expenditure is being written off over a period of ten years.

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Sep 30, 1996

1. Accounting Convention:

The accounts are prepared under the Historical Cost Convention method.

2. Basis of Accounting:

The accounts are prepared as per the Accrual Basis of Accounting unless otherwise stated.

3. Revenue Recognition:

(i) Profit/losses from Share Trading activity is recognised on 'Average Cost' basis on trade dates.

(ii) Brokerage on Secondary Market Operations is recognised on 'Completed Settlement' basis.

(iii) Brokerage on Primary Market Operations is recognised on 'Completed Issue' basis.

(iv) Dividend income is recognised as and when the right to receive the dividend is established.

(v) Lease rental is recognised on due basis depending on the certainty of recovery.

4. Investments :

Investments are stated at cost.

5. Valuation of Stock-in-trade

(i) In the absence of physical verification either during or at the end of the accounting period, the Stock of Raw Materials and Finished Goods is valued at their book value.

(ii) Trading Stock of Securities is valued on 'Average Cost' basis.

6. Fixed Assets:

All the Fixed Assets are stated at Cost less Accumulated Depreciation.

7. Depreciation:

(i) Depreciation on Fixed Assets is provided on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(ii) Depreciation on Fixed Assets purchased/added during the period is provided on a pro-rata basis with reference to the number of days.

8. Gratuity:

No provision for Gratuity has been made in the books of accounts as none of the employees has completed the qualifying period of services entitling him/her under the payment of Gratuity Act, 1972. The total gratuity, if any, payable as at 30th September, 1996 on the basis of 15 days salary for each completed year of service is Rs.150 thousand.

9. Foreign Currency Transactions:

(i) Transactions in foreign currency during the period are recorded at the exchange rates prevailing on the date of transaction.

(ii) Exchange difference on revenue account is charged to the Profit and Loss Account.

10. Preliminary Expenditure:

Preliminary Expenditure is being written off over a period of ten years.

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Mar 31, 1995

A) System of Accounting:

The Company adopts the accrual basis in the preparation of its accounts.

b) Fixed Assets:

Fixed Assets are stated at cost of acquisition less accumulated depreciation.

c) Inventories:

Inventories are considered as per the book records only in absence of physical verification either during or at the end of the year.

d) Sundry Debtors:

Sundry Debtors are stated after making adequate provision for doubtful debts.

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Mar 31, 1994

System of Accounting: The Company adopts the accrual basis in the preparation of its accounts.

Fixed Assets: Fixed Assets are stated at cost of acquisition less accounted depreciation.

Inventories: Inventories are considered as per the book records only in absence of physical verification either during or at the end of the year.

Sundry Debtors: Sundry Debtors are stated after making adequate provision for doubtful debts.

Depreciation: The depreciation has been provided as per Schedule XIV the Companies Act, 1956 on Straight Line basis with the exception of full depreciation on addition during the year and no depreciation on assets sold/discarded during the year.

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Mar 31, 1993

The depreciation has been provided as per Schedule XIV to the Companies Act, 1956 on Straight Line basis with the exception of full depreciation on addition during the year and no depreciation on assets sold/discarded during the year.

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Mar 31, 1992

NO INFORMATION