Home  »  Company  »  Aagam Capital  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Aagam Capital Ltd.

Mar 31, 2015

1. Deferred Tax Balances

On the basis of prudence, the company has not recognized deferred tax assets essentially on account of unabsorbed depreciation and carry forward of losses as at 31st March 2015, in the absence of virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised.

2. Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. Further, during the year there were no delays on making the payment to any micro or small enterprise. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

3. Segment Information

The Company is primarily engaged in a single segment business of finance and investment and is governed by risks and returns which are similar. Accordingly, the disclosure requirements in terms of the Accounting Standard on Segmental Reporting (AS-17) as notified under Section 133 of the Companies Act, 2013, are not applicable.

4. Related Party Disclosures :

a) Related parties with whom the Company had transactions during the year:

1) Enterprise controlled by Key Management Personnel & their relative :- N.A.

2) Key Management Personnel :-

Anil Kothari (Director)

3) Relatives of Key Management Personnel :- Manisha Kothari

Vimaladevi Mansukhlal Kothari

5. Director's remuneration Rs Nil (Previous Year Rs Nil).

6. Open interest in Equity Index/Stock Futures as at the balance sheet date is NIL (Previous Year Rs Nil).

7. Option contracts outstanding as on the balance sheet date is NIL (Previous Year Rs Nil).

8. Schedule in terms of paragraph 13 of Non – Banking financial (Non – Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

9. Previous Year's figures have been regrouped /reclassified wherever necessary to conform to the current year's classification.

The accompanying notes are an integral part of the financial statements

Notes:

1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

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

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other 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 or current in (4) above.


Mar 31, 2014

1 (a) Rights, preferences and restrictions attached to shares

The Company has one class of equity shares having a par value of Rs.10 each. Each shareholder is eligible for one vote per share held. 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.

2 Notes:

1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

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

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other 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 or current in (4) above.

4 Background

"Aagam Capital Limited" (''the Company'') was incorporated in India on December 27, 1991 as "Principle Capital Markets Limited". The name was changed on February 7, 1996 and June 26, 2006 to "Principal Capital Markets Limited" and "Subhkam Capital Limited" respectively. The name was further changed on January 23, 2013 to "Aagam Capital Limited".

The Company is engaged in the business of dealing in share and securities.

The Company received its certificate of registration as a non-banking finance company on August 5, 1998 from the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Mumbai Regional Office, in its former name "Principal Capital Markets Limited" which was changed subsequently to "Subhkam Capital Limited" and further changed to "Aagam Capital Limited". The company has received the revised certificate of registration from RBI subsequent to the change of name to "Aagam Capital Limited"

5 Contingent Liabilities

Claims against the company not acknowledged as debt - Income Tax Demand for AY 2006-07 of Rs.70,74,656/- (Previous Year -Income Tax Demand for AY 2006-07 Rs. 70,74,656/-)

6 Deferred Tax Balances

On the basis of prudence, the company has not recognized deferred tax assets essentially on account of unabsorbed depreciation and carry forward of losses as at 31st March 2014, in the absence of virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised..

7 Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. Further, during the year there were no delays on making the payment to any micro or small enterprise. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

8 Segment Information

The Company is primarily engaged in a single segment business of finance and investment and is governed by risks and returns which are similar. Accordingly, the disclosure requirements in terms of the Accounting Standard on Segmental Reporting (AS-17) as notified under Section 133 of the Companies Act, 2013, are not applicable.

9 Related Party Disclosures :

a) Related parties with whom the Company had transactions during the year:

1) Enterprise controlled by Key Management Personnel & their relative :- N.A.

2) Key Management Personnel :- Anil Kothari (Director)

3) Relatives of Key Management Personnel :-

Manisha Kothari Vimaladevi Mansukhlal Kothari

10 The Company has placed fixed deposit of Rs. 1,44,434/- (Previous Year Rs.1,34,390/-) with bank as margin money.

11 Director''s remuneration Rs Nil (Previous Year Rs Nil).

12 Open interest in Equity Index/Stock Futures as at the balance sheet date is NIL (Previous Year Rs Nil).

13 Option contracts outstanding as on the balance sheet date is NIL (Previous Year Rs Nil).

14 Schedule in terms of paragraph 13 of Non - Banking financial (Non - Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

15 Previous Year''s figures have been regrouped /reclassified wherever necessary to conform to the current year''s classification


Mar 31, 2013

1. Background

"Aagam Capital Limited" (''the Company'') was incorporated in India on December 27,1991 as "Principle Capital Markets Limited". The name was changed on February 7,1996 and June 26,2006 to "Principal Capital Markets Limited" and "Subhkam Capital Limited" respectively. The name was further changed on January 23,2013 to "Aagam Capital Limited".

The Company is engaged in the business of dealing in share and securities.

The Company received its certificate of registration as a non-banking finance company on August 5, 1998 from the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Mumbai Regional Office, in its former name "Principal Capital Markets Limited" which was changed subsequently to "Subhkam Capital Limited" and further changed to "Aagam Capital Limited". The company has received the revised certificate of registration from RBI subsequent to the change of name to "Aagam Capital Limited".

2. Contingent Liabilities

Claims against the company not acknowledged as debt - Income Tax Demand for AY 2006-07 of Rs. 7,074,656/- (Previous Year -Income Tax Demand for AY 2006-07 Rs. 70,74,656/-)

3. Deferred Tax Balances

On the basis of prudence, the company has not recognized deferred tax assets essentially on account of unabsorbed depreciation and carry forward of losses as at 31st March 2013, in the absence of virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised.

4. Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. Further, during the year there were no delays on making the payment to any micro or small enterprise. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

5. Segment Information

The Company is primarily engaged in a single segment business of finance and investment and is governed by risks and returns which are similar. Accordingly, the disclosure requirements in terms of the Accounting Standard on Segmental Reporting (AS-17)as notified under Section 211(3C) of the Companies Act, 1956, are not applicable.

6. Related Party Disclosures:

a) Related parties with whom the Company had transactions during the year:

1) Enterprise controlled by Key Management Personnel & their relative

Subhkam Stocks & Shares Pvt. Ltd.

Subhkam Ventures (I) Pvt. Ltd.

2) Key Management Personnel:-

Mr. Rakesh S Kathotia (Till 23.10.2012)

Mr. Vikash Kumar (From 23.10.2012)

Mr. Januram Choudhary (From 23.10.2012)

7. The Company has placed fixed deposit of Rs. 134,390/- (Previous Year Rs.124, 701/-) with bank as margin money.

8. Lease Disclosures :

The Company has taken office premises on operating lease. Gross rental expenses for the year ended 31 March 2013 aggregated to Rs. 4,440,404/- (Previous year: 6,936,491/-) which has been included under the head Other Expense - Rent.

9. During the year as the Company has only one employee the company has worked out the gratuity liability without actuarial valuation. The liability of gratuity for one employee is Rs. 24,673/-.

10. Director''s remuneration Rs Nil (Previous Year Rs Nil).

11. Open interest in Equity Index/Stock Futures as at the balance sheet date is NIL (Previous Year Rs Nil).

12. Option contracts outstanding as on the balance sheet date is NIL (Previous Year Rs Nil).

13. Schedule in terms of paragraph 13 of Non - Banking financial (Non - Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

14. Previous Year''s figures have been regrouped /reclassified wherever necessary to conform to the current year''s classification.


Mar 31, 2012

1. Background

Subhkam Capital Limited ('the Company') was incorporated in India on December 27, 1991 as Principle Capital Markets Limited. On February 7, 1996 the name was changed to Principal Capital Markets Limited. On June 26, 2006 the name was further changed to Subhkam Capital Limited.

The Company is engaged in the business of dealing in share and securities.

The Company received its certificate of registration as a non-banking finance company on August 5, 1998 from the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Mumbai Regional Office, in its former name "Principal Capital Markets Limited" which was changed subsequently to Subhkam Capital Limited. The company has received the revised certificate of registration from RBI subsequent to the change of name.

2. Contingent Liabilities

Claims against the company not acknowledged as debt - Income Tax Demand for AY 2006- 07of Rs. 7,074,656/- (Previous Year -Income Tax Demand for AY 2007-08 Rs. 185,458/-)

3. Deferred Tax Balances

On the basis of prudence, the company has not recognized deferred tax assets essentially on account of unabsorbed depreciation and carry forward of losses as at 31st March 2012, in the absence of virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised.

4. Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. Further, during the year there were no delays on making the payment to any micro or small enterprise. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

5. Segment Information

The Company is primarily engaged in a single segment business of finance and investment and is governed by risks and returns which are similar. Accordingly, the disclosure requirements in terms of the Accounting Standard on Segmental Reporting (AS-17) as notified under Section 211(3C) of the Companies Act, 1956, are not applicable.

6. Related Party Disclosures :

a) Related parties with whom the Company had transactions during the year:

1) Enterprise controlled by Key Management Personnel & their relative :-

Subhkam Stocks & Shares Pvt. Ltd.

Subhkam Ventures (I) Pvt. Ltd.

Vilars Estates Pvt. Ltd.

2) Key Management Personnel :-

Mr. Rakesh S Kathotia

7. The Company has placed fixed deposit of Rs. 124,701/- (Previous Year Rs.113,702/-) with bank as margin money.

8. Lease Disclosures :

The Company has taken office premises on operating lease. Gross rental expenses for the year ended 31 March 2012 aggregated to Rs. 6,936,491 (Previous year: 5,335,763/-) which has been included under the head Other Expense - Rent.

9. The Company has recognised Rs. 525,109 (Previous Year Rs. 340,459) in the Profit and Loss Account for the year ended 31st March 2012 under Defined Contribution Plans

10. Director's remuneration Rs Nil (Previous Year Rs Nil).

11. Open interest in Equity Index/Stock Futures as at the balance sheet date is NIL. Open interest in Equity Index/Stock Futures as at the 31st March 2011 :

12. Option contracts outstanding as on the balance sheet date is NIL. Option contracts were outstanding as on 31st March 2011.

13. Schedule in terms of paragraph 13 of Non - Banking financial (Non - Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

14. Previous Year's figures have been regrouped/reclassified wherever necessary to conform to the current year's classification.

Signature to Notes 1 to 19 forming part of the financial statements.


Mar 31, 2010

1. Background

Subhkam Capital Limited (the Company) was incorporated in India on December 27, 1991 as Principle Capital Markets Umited. On February 7, 1996 the name was changed to Principal Capital Markets Limited. On June 26, 2006 the name was further changed to Subhkam Capital Limited.

The Company is engaged in the business of dealing in share and securities.

The Company received its certificate of registration as a non-banking finance company on August 5, 1998 from the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Mumbai Regional Office, in its former name "Principal Capital Markets Limited" which was changed subsequently to Subhkam Capital Umited. The company has received the revised certificate of registration from RBI subsequent to the change of name.

2. Contingent Liabilities

Claims against the company not acknowledged as debt - Income Tax Demand is Nil (Previous Year - Rs. 7,074,656)

3. Deferred Tax Balances

The company has recognised deferred tax assets on unabsorbed depreciation and carry forward of losses as at 31* March 2010, only to the extent of deferred tax liability and no further deferred tax assest has been created on the basis of prudence, as there is no virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised.

4. Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

5. Segment Information

The Company is a non-banking finance company and is primarily engaged in the single segment of investment and managed as one entity governed by a similar set of risks and returns. The companys business activities are confined only/in India.

6. Directors remuneration Rs Nil (Previous Year Rs Nil).

7. No employee benefits in the form of Provident Fund, Superannuation and Gratuity etc. are applicable to the Company.

8. Schedule in terms of paragraph 13 of Non - Banking financial (Non - Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

9. Previous Years figures have been regrouped/reclassified wherever necessary to conform to the current years classification.

Signature to Schedules 1 to 13 forming part of the financial statements.

 
Subscribe now to get personal finance updates in your inbox!