Leading Leasing Finance and Investment Company Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2025

x) Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when the Company has a present obligation (legal or constructive)
as a result of past events and it is probable that an outflow of resources embodying economic

benefits will be required to settle the obligation, in respect of which a reliable estimate can be
made of the amount of obligation. Provisions (excluding gratuity and compensated absences)
are determined based on management’s estimate required to settle the obligation at the
Balance Sheet date. In case the time value of money is material, provisions are discounted
using a current pre-tax rate that reflects the risks specific to the liability. When discounting is
used, the increase in the provision due to the passage of time is recognised as a finance cost.
These are reviewed at each Balance Sheet date and adjusted to reflect the current
management estimates.

Contingent liabilities are disclosed in respect of possible obligations that arise from past
events, whose existence would be confirmed by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the Company. A contingent liability
also arises, in rare cases, where a liability cannot be recognised because it cannot be
measured reliably.

xi) Cash Flows

Cash flows are reported using the indirect method, where by net profit before tax is adjusted
for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future
operating cash receipts or payments and item of income or expenses associated with investing
or financing cash flows. The cash flows from operating, investing and financing activities are
segregated.

xii) Investments

Investment property is a property held to earn rentals and capital appreciation. Investment
property is measured initially at cost, including transaction costs. Subsequent to initial
recognition, investment property is measured in accordance with Ind AS 16''s requirements for
cost model.

Investment properties are derecognised either when they have been disposed of or when they
are permanently withdrawn from use and no future economic benefit is expected from their
disposal. The difference between the net disposal proceeds and the carrying amount of the
asset is recognised in profit or loss in the period of derecognition.

xiii) Expenditures

Finance Costs: Borrowing costs on financial liabilities are recognised using the EIR.

Other Expenses: Expenses are recognised on accrual basis net of the goods and services
tax, except where credit for the input tax is not statutorily permitted.

xiv) Foreign currency transactions

Transactions in foreign currencies are translated into the Company’s functional currency at
the exchange rates at the dates of the transactions. Monetary assets and liabilities
denominated in foreign currencies are translated into the functional currency at the exchange
rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value
in a foreign currency are translated into the functional currency at the exchange rate when the
fair value was determined. Non-monetary items that are measured based on historical cost in
a foreign currency are translated at the exchange rate at the date of the transaction. Foreign
currency differences are generally recognised in profit or loss.

The gain or loss arising on translation of nonmonetary items measured at fair value is treated
in line with the recognition of the gain or loss on the change in fair value of the item (i.e.,
translation differences on items whose fair value gain or loss is recognised in OCI or profit or
loss are also recognised in OCI or profit or loss, respectively).

xv) Benami Property held under Prohibition of Benami Property Transactions Act,

1988 and rules made thereunder

The Company do not have any benami property, where any proceeding has been initiated
or pending against the company for holding any Benami property.

xvi) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the
current financial year and any of the previous financial years.

Note 33: Disclosures as required under Section 22 of MSMED Act, 2006

The information regarding Micro Small Enterprises has been determined on the basis of
information available with the Company which is as follows:

Note 36: Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided
to the Chief Operating Decision Maker (“CODM”) of the Company. The CODM, who is
responsible for allocating resources and assessing performance of the operating segments,
has been identified as the Managing Director of the Company The Company operates only in
one Business Segment i.e. “Financial Activities”, hence does not have any reportable
Segments as per Ind AS 108 “Operating Segments”.

Note 37: Financial instruments - Fair values and risk management

The fair value of the financial assets are included at amounts at which the instruments
could be exchanged in a current transaction between willing parties other than in a
forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value

a) Fair value of cash and short-term deposits, trade and other short-term receivables, trade
payables, other current liabilities, approximate their carrying amounts largely due to the short¬
term maturities of these instruments

b) Finandal instruments with fixed and variable interest rates are evaluated by the Company
based on parameters such as interest rates and individual credit worthiness of the
counterparty. Based on this evaluation, allowances are taken to account for the expected
losses of these receivables.”

B. Fair Value Hierarchy

The Company uses the following hierarchy for determining and disclosing the fair value of
financial instruments by valuation technique:

Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2: other techniques for which all inputs which have a significant effect on the recorded
fair value are observable, either directly or indirectly.

Level 3: techniques which use inputs that have a significant effect on the recorded fair value
that are not based on observable market data.

Financial Risk Management

Risk management framework

A wide range of risks may affect the Company’s business and operational / financial
performance. The risks that could have significant influence on the Company are market risk,
credit risk and liquidity risk. The Company’s Board of Directors reviews and sets out policies
for managing these risks and monitors suitable actions taken by management to minimise
potential adverse effects of such risks on the company’s operational and financial
performance.

Market risk

Market Risk is the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in market prices. Market risk comprises three types of risk:
currency risk, interest rate risk and other price risk.

Currency risk

The Company is not much exposed to currency risk.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a
financial instrument fails to meet its contractual obligations, and arises principally from the
Company’s trade and other receivables, cash and cash equivalents and other bank balances.
To manage this, the Company periodically assesses financial reliability of customers, taking
into account the financial condition, current economic trends and analysis of historical bad
debts and ageing of accounts receivable. The maximum exposure to credit risk in case of all
the financial instruments covered below is restricted to their respective carrying amount.

Note 38: Capital management

For the purpose of the Company’s capita! management, capital includes issued equity capital
and all other equity reserves attributable to the equity holders of the Company. The Company
strives to safeguard its ability to continue as a going concern so that they can maximise returns
for the shareholders and benefits for other stake holders. The aim to maintain an optimal
capita! structure and minimise cost of capital.

Note : For the purpose of computing total debt to total equity ratio, total equity includes equity
share capital and other equity and total debt includes long term borrowings, short term
borrowings, long term lease liabilities and short term lease liabilities.

Note 39: Corporate Social Responsibility

The Provision for CSR are not applicable as per Section 135 of Companies act 2013.

Note 40: ADDITIONAL REGULATORY INFORMATION REQUIRED BY SCHEDULE III TO
THE COMPANIES ACT, 2013

1. The Company does not have any benami property held in its name. No proceedings have
been initiated on or are pending against the Company for holding benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

2. The Company has complied with the requirement with respect to number of layers as
prescribed under section 2(87) of the Companies Act, 2013 read with the Companies
(Restriction on number of layers) Rules, 2017.

3. Utilisation of borrowed funds and share premium

(i) The Company has not advanced or loaned or invested funds to any other person(s)
or entity(ies), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

a. Directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b. Provide any guarantee, security or the like to or on behalf of the ultimate
beneficiaries.

(ii) The Company has not received any fund from any person(s) or entity(ies), including
foreign entities (Funding Party) with the understanding (whether recorded in writing or
otherwise) that the Company shall:

a. directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

4. There is no income surrendered or disclosed as income during the year in tax assessments
under the Income Tax Act, 1961 {such as search or survey), that has not been recorded in the
books of account.

5. The Company has not traded or invested in crypto currency or virtual currency during the
year.

6. The Company does not have any charges or satisfaction of charges which is yet to be
registered with Registrar of Companies beyond the statutory.

7. During the year, the company has not announced any dividend during the year.

8. The Company has not been declared wilful defaulter by any banks.

Note 41 : Prior year comparatives

Previous year’s figures have been regrouped or reclassified, to conform to the current year’s
presentation wherever considered necessary.

For, S K Bhavsar & Co. For & on behalf of the Board of Directors of

Chartered Accountants Leading Leasing Finance and Investment Company Limited

Firm Registration No. 145880W

Shlvam Bhavsar Kurjibhai Rupareliya Parshottambhai Rupareliya

Proprietor {Managing Director) {Director)

Membership No. 180566 {DIN: 05109049) (DIN: 02944037)

UDIN: 25180566BMHTTH1737

Jinesh M Shah

CFO

Place: Ahmedabad Place: Mumbai

Date: May 30, 2025 Date: May 30, 2025

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Mar 31, 2024

Above advances include, recoverable interest which is receivable and yet not received to the tune of Rs. 820.23 lacs.

The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under the Companies Act, 2013), either severally or jointly with any other person that are (a) repayable on demand or (b) without specifying any terms or period of repayment.

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Above borrowings include an amount of Rs. 3761.81 lakhs borrowed from Dhani Loans and Services Limited. Such borrowing has not been repaid during the year under consideration. However, in the strong opinion of the management, this non-repayment does not result into default due to other agreements by Dhani Loans and Services Limited and financial Obligations by Dhani Loans and Services Limited.

The Company has not been declared a wilful Defaulters by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof in accordance with the guidelines on wilful defaulters issued by the RBI.

The Company has not received intimation from suppliers regarding the status under Micro Small and Medium Enterprises Development Act, 2006 and based on the information available with the company there are no dues to Micro, Small and Medium Enterprises Development Act, 2006.

24.    Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

The Company do not have any benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

25.    Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the current financial year and any of the previous financial years.

28. Other Information to the Financial Statement

a. Related Party Disclosures As Per Ind AS 24

Names of related parties and description of relationship from/ to which following transactions were entered during the year:

b. Dividend

The Company has not proposed any dividend year ended on 31^st March, 2024 and 31^st March, 2023.

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Mar 31, 2018

Notes to Account

LEADING LEASING FINANCE AND INVESTMENT COMPANY LIMITED
Notes to the Financial Statements for the Year ended 31st March, 2018
Amount (in Rs.)
Particulars	Figures as at 31.03.2018	Figures as at 31.03.2017
Note 2: Share Capital
Authorised Share Capital Equity share of Rs. 10/- Each	65,000,000.00	65,000,000.00
Issued. Subscribed & Paid up Share Capital
5335000 Equity share of Rs. 10/- Each Fully paid up in cash	53,350,000.00	53,350,000.00
	53,350,000.00	53,350,000.00
Shareholders holding more than 5% shares
Name of the shareholder	No. of shares as on 31.03.2018 %	No. of shares as on 31.03.2017
NIL	-	-
Note 3: Reserves & Surplus Reserve Fund (u/s 45-IC of RBI Act, 1934) (Sub Note:l)
Opening Balance	4,45,430	253,823.00
Addition during the year	1,68,262	191,607.00
TOTAL (A)	6,13,692	445,430.00
Surplus (Statement of Profit & Loss)
Opening Balance	30,64,917	2,783,898.00
Add: Profit during the year	8,41,311	958,009.00
Less: Provision for IDS payable for FY 2016-17	2,32,020	(222,000.00)

Written off the Balance of TDS Receivable	-	(263,383.00)
Amount available for appropriation	41,38,248	3,256,524.00
Appropriations
Transferred to Reserve Fund (u/s 45-IC of RBI Act, 1934)	168,262	191,607.00
TOTAL (B)	39,69,986	3,064,917.00
TOTAL (A B)	45,83,678	3,510,347.00
Sub Note: 1 In terms of Section 45-IC of the RBI Act, 1934, the Company registered as NBFC with RBI is required to transfer at least 20% of its Profit after tax to a Reserve Fund before any dividend is declared. As at the year end, an amount of Rs. 1,68,262 (Previous Year Rs. 191,607) has accordingly transferred to the Reserve Fund.
Note 4: Long term borrowings
Unsecured Borrowings
Gulmohar Investments & Holdings Ltd.	1,402,903.00	1,402,903.00
Ishita Mahajan	39,543.00	39,543.00
Pride Properties Private Ltd	2,600,000.00	2,600,000.00
Priyanka Mahajan	732,971.00	732,971.00
Pipeline Picture Company	1,075,000.00	1,075,000.00
Marudhar Spinnig and Weaving	962,880	-
Other Unsecured Loans	358,397.00	358,397.00
	7,171,694	6,208,814.00

Note 5: Other long term Liabilities
ACME Enterprise	844,265	-
All IN Enterprise	2,549,253	-
Aryaman Enterprise Pvt Ltd	10,745,741	-
DIVYANK CORTTON TEXTILES PVT LTD	1,554,703	-
	1,612,407	-
Dmax Tradelink	5,046,110	-
Gold Leaf Enterprise Pvt	5,535,420	-
Maharshi Enterprise	5,070,480	-
METRO MARKETING		-
Micro Agency	4,474,677	.
	1,019,701
Platinum Agency Service	2,039,403
Pooja Marketing	3,314,310
SHREE VADECHI INFRASOFT PVT.	1,019,701
Tex Mech Corporation	681,515
Umiya Sales	2520,959
Vinayak Enterprise	48,028,645	-
Note 6: Short term borrowings
Dashrathbhai	-	250,000.00
Tirupati off set	-	40,000.00
Urmilaben Rampark	-	201,000.00
Viral Ranpura	-	400,000.00
TOTAL Bank OD- Bank of Baroda		891,000.00
	-	891,000.00

Note 7 : Trade payables
Sundry Creditors
J Akhani & Associates	623,760.00	623,760.00
Arihant Enterprise	87,520.00	87,520.00
Dhruvesh Vedak	30,000.00	30,000.00
Harish Kumar Ishvar	499,000.00	499,000.00
Jitendra Sanghvi	1,000,000.00	1,000,000.00
Mitesh Arvindbhai Shah	-	825,000.00
Winckles Consultancy Pvt. Ltd.	505,000	360,000.00
Harsh Fincap Pvt Ltd	400,000.00	400,000.00
Tirupati offset	40,000	-
Urmilaben Ramprak	201000	-
	3,386,280.00	3,825,280.00
Note 8: Other Current Liabilities
Other payables
- Audit Fee Payable	77,500.00	77,500.00
- Rhythm Business Advisory Private Ltd.	-	299,590.00
- Salary Payable	200,000	170,000.00
- TDS Payable	115,405	30,000.00
- Unpaid Expenses	271,750	271,750.00
Viral Ranpura	400,000	-
Professional Charges Payable	30,000	-
Accountancy Charges Payable	60,000
	1,154,655	848,840.00

Note9: Short Term Provision
Provision for Taxation	783,887	452,534
Contingent Provision against Standard Assets	335,419	335,247
TOTAL	1,119,306	787,781
Note 11: LONG TERM LOANS AND ADVANCES
Ankur Kumar Mehta	1,896,380	1,896,380
Arcoy Industries	-	14,326,628
Dolt Impex Pvt Ltd	2,168,564	6,234,337
Froid Finance and Investment Pvt Ltd	28,000	4,328,000
Jagdish Akhani	8,993,195	4,743,195
Highland Finance and Investment Pvt Ltd	350,000	2,300,000
Kamlesh Koradiya	-	1,041,100
Nitin Galkwad	1,255,500	1,255,500
Pratisha Developers	2,537,781	2,537,781
SABA India	1,845,350	2,345,350
Satyam Developer Pvt Ltd	2,663,380	6,163,380
Savjiraja Gothi	105,900	105,900
S J Infratech Pvt Ltd	-	1,225,380
Boston Leasing and Finance Ltd	-	155,000
S.R.Industries Ltd.	3,375,000	3,375,000
Triveni Builders	431,500	313,1500
Proficient Multitrade Pvt Ltd	-	2,059,437
Mrs. Ritika Mahajan	213,828	-
Susang Mac. Pvt Ltd	2,862,241	-
Ashok Agarwal	3,416,767	-
BHANWARLAL PUKARAJ MUTHA	1,430,389	-
Hetal Dipen Bora	1,154,392	-
KAMLA DEVI	352,307	-
Kamlesh Bhai Na	20,188,556	-
Malkesh Jitendra	519,397	-
NILANG ARUN DE	499,691	-
Sandhya M Agarwal	5,048,082	-
Sejal Malkesh	1,029,096	-
SHRENIK SETH	539,288	-
Aditya Choksi Faimily Trust	1654,566	-
Daman Polyth	1,127,686	-

Plaha And Mehta Associates	1,559,474	-
Shagun Chembur	1,448,881	-
Swati Buildcon	18,345,367	-
Swati Developer	5,033,510	-
Swati Sandhya	4,056,146	-
Vijaykumar Mehta	12,968,801	-
Other Long Term Loans and Advances	1,694,078	-
Armaan Developers	6,277,545	-
TOTAL	117,070,638	63,031,033
Note 12: INVENTORIES (Fully paid up unless otherwise stated)
72000 Equity Shares of Gulmohar Investment and Holding Ltd	238,920	238,920
100 Equity Shares of Prashant Protiens Ltd	1000	1000
200 Equity Shares of Fraternity Electronics Ltd	2000	2000
20 Equity Shares of Pentafour communication Ltd	27,873	27,873
50 Equity Shares of Container Corporation of India Ltd	8,510	8,510
Total	278,303	278,303
Aggregate Book Value of unquoted Investment	238,920	238,920
Aggregate Book Value of quoted Investment	39,383	39,383
Aggregate Market Value of quoted Investment	81,821	81,821
Note 13 : CASH AND CASH EQUIVALENTS
Balance with Banks	.	27,269
Cash in Hand	16,985	9,986
Total	16,985	37,255
Note 14: SHORT TERM LOANS AND ADVANCES
Unsecured, considered good
Outstanding for a period of more than 6 months
Amit Mahajan	_	2,749,698
Mrs. Ritika Mahajan	_	213,828
Susang Mac Pvt Ltd	.	2,862,241
Security Deposit with Vodafone		3,000
Total	-	5,828,767

Note 15: OTHER CURRENT ASSETS
TDS Receivable	478,189	246,704
Income Tax Self Assessment	671,230	-
Security Deposit with Vodafone	3000	-
Other Current Assets	34,539	-
Miscellenous Expenditure	222,000	-
Total	1,408,958	246,704
Note 16: REVENUE FROM OPERATIONS
Interest Income	3394364	2719030
Total	3,394,364	2,719,030
Note 17: OTHER INCOME
Consultancy Income	.	79,001
Sundry Dr/Cr Balances Written Off	-	7,713
Total		86,714
Note 18: EMPLOYEE BENEFITS EXPENSE
Salaries, Wages and Other Allowances	191,000	_
Staff Welfare	"	"
Total	191,000	-
Note 19: FINANCE COSTS
Bank Charges	6,187	11,054
Total	6,187	11,054
Note :20 OTHER EXPENSE
Audit Fees	20,000	40,000
Consultancy Expense	-	300,000
Interest paid on TDS	10,902	10,020
Interest pain on Income tax	-	94,448
Professional Charges	300,000	-
Listing Fee	_	429,675
Printing and Stationery	_	60,000
RTA Fees	.	16,854
ROC Fees	.	30,000
BSE Listing Fees	287,500	231,000
Interest Expense	854,050

Accountancy Charges	60,000	-
AMC Charges for MCX	85,050	-
Consolidated Charges	1,325	-
Depository Fees	159,111	-
Professional Fee	10,000	-
Rates & Taxes -GST	239	_
Loan Written Off	115,537	-
Total	1,903,714	1,211,997