Mar 31, 2018
Rights, preferences and restrictions attached to equity shares
The Company has only one class of shares referred to as equity shares having a par value Rs. 10 each. Each member of the Company has voting rights on a poll, in proportion to his share in the paid-up equity share capital. On show of hands every member present in person and being holders of equity shares shall have one vote.
Each shareholder is entitled to receive interim dividend when it is declared by the Board of Directors. The final dividend proposed by the Board of Directors are paid when approved by the shareholders at Annual General Meeting.
In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion of the equity shares held by the shareholders.
*The Ministry of Micro, Small and Medium Enterprises has issued an Office Memorandum dated 26 August 2008 which recommends that Micro and Small Enterprises should mention in their correspondence with their customers the Entrepreneurs Memorandum number as allocated after filing of the Memorandum. Based on information received and available with the Company, there are no amounts payable to Micro and Small Enterprises as at 31 March 2018.
1. Disclosures required under AS-15 - Employee Benefits
The company has a defined benefit gratuity plan. The present value of obligation is determined based on actuarial valuation using the projected unit method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation of leave encashment is recognized in the same manner as gratuity.
a) Primary Business Segments: The Company''s business segments have been classified as above. This business segregation forms the basis for review of operating performance by the management.
b) Fees and Commission activities comprises of broking/ commission/ underwriting/ arranger fees mainly in the nature of services involving no or negligible financial risk.
c) Income from Investments activities comprises of dividend received , interest on Fixed Deposits, Profit on sale of Investment.
d) Debt & Equity market Operations include profit on trading activities.
e) Finance activities include Interest income on loan given.
f) The accounting policies of the segments are the same, to the extent possible, as those described in the summary of significant accounting policies as referred to in âNote 1'' to the accounts.
Mar 31, 2016
2.25 Related Party Disclosures
(A) Names of related parties & description of relationship:
(i) Subsidiaries (Entities with which control relationship exists)
a) Almondz Infosystem Private Limited (AIPL)
b) North Square Projects Private Limited (NSPPL) (upto 31 May 2014)
c) Express Infra Financial Consultancy Services Private Limited (EIFCSPL) (upto 17 Aug 2015)
d) Latitude 23 Communication Limited (Latitude)
e) Almondz Insurance Brokers Private Limited- (AIBPL)
f) Almondz Global Securities Limited (AGSL) (w.e.f. 1 April 2015)
g) Avonmore Developers Private Limited (ADPL)
h) Shivsathi Niketan Limited (SNL)
i) Apricot Infosoft Private Limited (APIPL)
j) Anemone Holdings Private Limited (AHPL)
k) Glow Apparels Private Limited (GAPL)
l) Red Solutions Private Limited (RSPL)
- Almondz Re-insurance Brokers Private Limited which was a subsidiary of Almondz Insurance Brokers Private Limited (AIBPL) has been merged with holding company AIBPL w.e.f. 22 December 2015
(ii) Associates :
a) Almondz Global Securities Limited (upto 31 March 2015)
b) Almondz Commodities Private Limited (ACPL) (upto 30 September 2015)
c) Yug Infrastructure Private Limited (YIPL)
d) Shivaz Spas & Hospitality Private Limited (SSHPL)
e) Almondz Finanz Limited (AFL) (Subsidiary of an Associate up to 31 March 2015)
f) Almondz Finanz Limited (AFL) (Subsidiary of Subsidiary w.e.f 1 April 2015)
(iii) Investing parties in respect of which company is as associate :
a) Innovative Money Matters Private Limited (IMMPL)
(iv) Key Managerial Personnel :
a) Mr. Ashok Kumar Gupta - Managing Director
b) Ms. Reema Sachdeva - Company Secretary (upto 30 September 2014)
c) Mr. Kunal Madaan - Company Secretary (upto 29 February 2016)
d) Mr. Sagar Gupta - Company Secretary (w.e.f 02 May 2016)
e) Ms. Shruti Aggarwal - Chief Financial Officer
Mar 31, 2015
(Amounts in Indian Rupees)
1. Contingent Liabilities
Particulars As at As at
31 March 2015 31 March 2014
Corporate Guarantee 27,50,00,000 25,50,00,000
(issued in favour of Almondz
Global Securities Limited to Axis Bank
Limited)
2. Gratuity and Leave benefit plans: (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
3. Segment Reporting
a) Primary Business Segments: The Company's business segments have been
classified as above. This business segregation forms the basis for
review of operating performance by the management.
b) Fees and Commission activities comprises of broking /commission
/underwriting /arranger fees mainly in the nature of services involving
no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Note '1' to the accounts.
4. Related Party Disclosures
Names of related parties & description of relationship:
(i) Subsidiaries
(Entities with which control relationship exists)
a) M/s Almondz Infosystem Private Limited
b) M/s North Square Projects Private Limited (till 31 May 2014)
c) M/s Express Infra financial Consultancy Services Private Limited
d) M/s Latitude 23 Communication Limited
e) M/s Almondz Insurance Brokers Private Limited
f) M/s Almondz Re-Insurance Brokers Private Limited
g) M/s Avonmore Developers Private Limited
h) M/s Shivsathi Niketan Limited
i) M/s Apricot Infosoft Private Limited
j) M/s Anemone Holdings Private Limited
k) M/s Glow Apparels Private Limited
(ii) Associates
a) M/s Almondz Global Securities Limited
b) M/s Almondz Finanz Limited
c) M/s Almondz Commodities Private Limited
d) M/s Innovative Money Matters Private Limited
e) M/s Shivaz Spas & Hospitality Private Limited
f) M/s Yug Infrastructure Private Limited
(iii) Key Managerial Personnel
a) Mr. Ashok Kumar Gupta - Managing Director
b) Mr. Kunal Madaan - Company Secretary (w.e.f. 5 December, 2014)
c) Ms. Shruti Aggarwal - CFO
d) Ms. Reema Sachdeva - Company Secretary (till 30 September, 2014)
Transactions during the year and balances outstanding as at the
year-end in respect of transactions entered into during the year with
the related parties.
5. The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2015.
Mar 31, 2014
1 Contingent Liabilities
Particulars As at As at
31 March 2014 31 March 2013
Corporate Guarantee 255,000,000 255,000,000
(issued in favour of Almondz
Global Securities Limited to
Axis Bank Limited)
1.16 The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2014.
Mar 31, 2013
1.1 Contingent Liabilities
Particulars As at As at
31 March 2013 31 March 2012
Corporate Guarantee 255,000,000 305,000,000
(issued in favour of
Almondz Global Securities
Limited to Axis Bank
Limited)
1.2 Gratuity and Leave benefit plans: (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
The estimates of future salary increase considered in actuarial
valuation after taking into account the inflation, seniority, promotion
and other relevant factors such as demand in the employment market.
Actuarial Assumptions
* Withdrawal Rates: 1% Age related 10% Service Related
Liability in respect of leave encashment at the end of the current year
amounts to Rs. 67,337/-
Previous year figures are indicated in brackets (Â).
a) Primary Business Segments : The Company''s business segments have
been classified as above. This business segregation forms the basis for
review of operating performance by the management.
b) Fees and Commission activities comprises of
broking/commission/underwriting/arranger fees mainly in the nature of
services involving no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Note ''1'' to the accounts.
1.3 Related Party Disclosures
Names of related parties & description of relationship :
(i) Subsidiaries :
(Entities with which control relationship exists)
a) M/s. Almondz Infosystem Private Limited (w.e.f. 31st December 2012)
b) M/s. North Square Projects Private Limited (w.e.f. 6th August 2012)
c) M/s. Skiffle Healthcare Services Private Limited (Till 14th February
2013)
d) M/s Moon Orchid Housing Private Limited (Till 20th April 2012)
e) M/s Meadow Real Estate Private Limited (Till 7th April 2012)
ii) Associates:
a) M/s Almondz Global Securities Ltd.
b) M/s Almondz Insurance Brokers Pvt. Ltd.
c) M/s Almondz Finanz Limited
d) M/s Almondz Commodities Pvt. Ltd.
e) M/s Innovative Money Matters Pvt. Ltd.
f) M/s Shivaz Spas & Hospitality Pvt. Ltd.
iii) Key Managerial Personnel :
a) Mr. Ashok Kumar Gupta - Managing Director
(i) Previous year figures are indicated in brackets (Â).
1.4 The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2013.
Mar 31, 2012
1.1 Corporate Guarantee issued in favour of Axis Bank Limited for Rs.
30,50,00,000/- for various bank limits granted to Almondz Global
Securities Limited.
1.2 Gratuity and Leave benefit plans: (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
a) Primary Business Segments: The Company's business segments have been
classified as above. This business segregation forms the basis for
review of operating performance by the management.
b) Fees and Commission activities comprises of broking/ commission/
underwriting/ arranger fees mainly in the nature of services involving
no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Note '1' to the accounts
1.3 Related Party Disclosures
Names of related parties & description of relationship :
(i) Subsidiaries :
(Entities with which control relationship exists)
a) M/s Moon Orchid Housing Private Limited
b) M/s Meadow Real Estate Private Limited
ii) Associates:
a) M/s Almondz Global Securities Ltd.
b) M/s Almondz Insurance Brokers Pvt. Ltd.
c) M/s Almondz Finanz Limited
d) M/s Almondz Commodities Pvt. Ltd.
e) M/s Innovative Money Matters Pvt. Ltd.
f) M/s Shivaz Spas & Hospitality Pvt. Ltd.
iii) Key Managerial Personnel :
a) Mr. Ramesh Peer- Managing Director (Till 07th October 2011)
b) Mr. Ashok Kumar Gupta - Managing Director (From 31st December 2011)
1.4 The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2012.
Mar 31, 2011
Background
Almondz Capital & Management Services Limited ("ACMS" or "the Company")
is a company. The company was incorporated in the year 1991. The
company is presently listed on the BSE and DSE. The company got
registered as NBFC with RBI dated 07-10-2008. The company is in the
business of non banking financial services.
1. Corporate Guarantee issued in favour of Axis Bank Limited for Rs.
30,50,00,000/- for various bank limits granted to Almondz Global
Securities Limited.
2. Provision for Tax
b) Current Tax :
The provision for current tax has been arrived at after taking into
account the brought forward depreciation losses to the extent available
for set off, and the other exemptions, deductions and disallowances of
certain expenditure under the Income Tax Act, as may be applicable, on
the assumption that same would be available in the case of the company.
3. Gratuity and leave benefit plans : (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
4. Previous Year figures have been re-grouped / re-arranged wherever
considered necessary to conform to current years figures.
8. Segment Reporting
Notes :
a) Primary Business Segments : The Company's business segments have
been classified as above. This business segregation forms the basis
for review of operating performance by the management.
b) Fees and Commission activities comprises of broking / commission /
underwriting / arranger fees mainly in the nature of services involving
no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Schedule Ã13' to the accounts.
5. Related Party Disclosures :
A) Names of related parties & description of relationship :
(i) Subsidiaries :
(Entities with which control relationship exists)
a) M/s Moon Orchid Housing Private Limited
b) M/s Meadow Real Estate Private Limited
(ii) Associates :
a) M/s Almondz Global Securities Ltd.
b) M/s Almondz Insurance Brokers Pvt. Ltd.
c) M/s Almondz Finanz Limited
d) M/s Almondz Commodities Pvt. Ltd.
e) M/s Innovative Money Matters Pvt. Ltd.
f ) M/s Shiivaz Spas & Hospitality Pvt. Ltd.
(iii) Key Managerial Personnel :
a) Mr. Ramesh Peer - Managing Director
6 . The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2011.
Mar 31, 2010
Background
Almondz Capital & Management Services Limited ("ACMS" or "the Company")
is a company, The company was incorporated in the year 1991. The
company is presently listed on the BSE and DSE. The company got
registered as NBFC with RBI dated 07-10-2008. The company is in the
business of non banking financial services.
1. Corporate Guarantee issued in favour of Axis Bank Limited for Rs.
30,50,00,000/- for various bank limits granted to Almondz Global
Securities Limited.
2. Hitherto the company was providing the depreciation on Written Down
Value method. In order to bring the method of depreciation in line with
the subsidiary company, the company changed the method of providing
depreciation from Written Down Value (WDV) to Straight Line Method
(SLM) effective inception. Consequently the accumulated depreciation
has been re-computed and the excess amount of Rs. 3,78,749/- upto
31-03-2009 has been reversed to the credit of Profit & Loss account.
Due to such change, the profit for the year, Reserve & Surplus and Net
Block of Fixed Assets as at close of the financial year are more to
that extent.
3. Provision for Tax
b) Current Tax :
The provision for current tax has been arrived at after taking into
account the brought forward depreciation losses to the extent available
for set off, and the other exemptions, deductions and disallowances of
certain expenditure under the Income Tax Act, as may be applicable, on
the assumption that same would be available in the case of the company.
4. Gratuity and leave benefit plans : (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
Notes :
a) Primary Business Segments : The Companys business segments have
been classified as above. This business segregation forms the basis for
review of operating performance by the management.
b) Fees and Commission activities comprises of broking / commission /
underwriting / arranger fees mainly in the nature of services involving
no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Schedule Ã13 to the accounts.
5. Related Party Disclosures :
A) Names of related parties & description of relationship :
(i) Subsidiaries :
(Entities with which control relationship exists)
a) M/s Almondz Global Securities Ltd.
b) M/s Moon Orchid Housing Private Limited
c) M/s Meadow Real Estate Private Limited
d) M/s Almondz Insurance Brokers Pvt. Ltd.
e) M/s Almondz Re-insurance Brokers Pvt. Ltd.
f ) M/s Almondz Finanz Limited
g) M/s Almondz Commodities Pvt. Ltd.
h) M/s Almondz Retail Equity Limited
(ii) Associates :
a) M/s Innovative Money Matters Pvt. Ltd.
b) M/s Shivaz Spas & Hospitality Pvt Ltd.
(iii) Key Managerial Personnel :
a) Mr. Ramesh Peer - Managing Director
6. The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2010.
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