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Notes to Accounts of Alacrity Securities Ltd.

Mar 31, 2015

1. Contingent liabilities and Commitment ( to the extent not provided for ):

(Rs. in lacs)

2014-15 2013-14

i) Bank Guarantee 531.75 431.75

ii) The Co. has not acknowledged the Income Tax demand of Rs.7.92 lacs for the Asst Year 98-99

since re-verification before CIT (Appeals) as per ITAT Order is still pending. However the whole amount has been adjusted by the department.

2. Gratuity and leave encashment being accounted on payment basis, Since there was less than no. of employees as required by AS-15 during the year particulars except

above required as per AS-15 are not applicable to the company.

3. Balances of Loans & Advances, Debtors & Creditors are subject to confirmation & reconciliation.

4. Sundry Creditors includes margin received on account of future and option segment.

4. Additional information of part II Schedule III of the Companies Act 2013.

5. Disclosures as required under the Micro Small and Medium Enterprise Development Act, 2006.

This Information and that given in Note 7 - Trade Payables regarding Micro and Small Enterprise has been determined to the extent such parties have been identified on the basis of information available with the company.

6. Previous year's figures are reclassified where ever found necessary.


Mar 31, 2014

1. Contingent liabilities not provided for: (Rs. in lacs)

2013-14 2012-13

i) Bank Guarantee 431.75 431.75

ii) The Co. has not acknowledged the Income Tax demand of Rs.7.92 lacs for the Asst Year 98-99 since re verification before CIT (Appeals) as per ITAT Order is still pending. However Rs. 2 Lacs. Paid under protest .

2. Gratuity is being accounted on payment basis, Since there was less than no. of employees as required by AS-15 during the year particulars except above required as per AS-15 are not applicable to the company.

3. Balances of Loans & Advances, Debtors & Creditors are subject to confirmation & reconciliation.

4. Sundry Creditors includes margin received on account of future and option segment.

5. Additional information pursuant to para 3 and 4 of part II Schedule VI of the Companies Act

6. Disclosures as required under the Micro Small and Medium Enterprise Development Act, 2006.

This Information and that given in Note 7 - Trade Payables regarding Micro and Small Enterprise has been determined to the extent such parties have been identified on the basis of information available with the company.

7. Previous year''s figures are reclassified where ever found necessary.


Mar 31, 2013

1. Contingent liabilities not provided for: (Rs. in lacs) 2012-3 2011-12

i) Bank Guarantee 431.75 482.00

ii) The Co. has not acknowledged the Income Tax demand of Rs. 7.92 lacs forthe Asst Year 98-99 since re verification before CIT (Appeals) as per ITAT Order is still pending. However Rs. 2 Lacs. Paid under protest

2. Gratuity is being accounted on payment basis, Since there was less than no. of employees as required by As-15 during the year particulars except above required as per AS-15 are not applicable to the company.

3. Related Party Transactions

i) Related Parties Disclosures

4. Balance of Loans & Advances, Debtors & Creditors are subject to confirmation & reconciliation.

5. Sundry Creditors includes margin received on account of future and option segment.

6. Additional information pursuant to para 3 and 4 of part II Schedule VI of the Companies Act

Other information are either Nil or Not Applicable

7. Previous year''s figures are reclassified where ever found necessary.

 
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