Baid Leasing and Finance Company Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
Explanatory notes to the Statement of Standalone Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2018.
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on February 01, 2019.
2. The Statutory Auditors have carried out Limited Review of the above results for the quarter and nine months ended December 31, 2018.
3. The EPS has been computed in accordance with the Accounting Standard (AS-20).
4. Provision for income-tax has been made in accordance with the AS-22 issued by ICAI.
5. The Company's main business is financing by way of hire purchase of used vehicles and providing loans. All other activities of the Company revolve around its main business. As such, there are no separate reportable segments, as per the Accounting Standard on `Segment Reporting' (AS 17), specified under Section 133 of Companies Act, 2013.
6. Previous year/period figures have been regrouped/rearranged/reclassified, wherever considered necessary, to make them comparable.