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Notes to Accounts of Bampsl Securities Ltd.

Mar 31, 2015

1. The company has only one class of equity shares having a par value of Rs. 1 per share. Each shareholder is eligible to one vote per fully paid equity share held (i.e. in proportion to the paid up shares in equity capital) and ranks pari passu. The Dividend proposed, if any, by the Board of Directors is subject to approval of shareholders in the ensuring Annual General Meeting. The repayment of equity share capital in the event of liquidation and buy back of shares are possible subject to prevalent regulations. In the event of liquidation, normally the equity shareholders are eligible to receive the remaining assets of the company in proportion to their sharehoIding .

2. The company has neither any holding company nor any subsidiary company.

3. Related Party disclosure under AS 18 (As identified by the management and relied upon by the auditor)

a) Director's Remuneration paid to Mr. B. K. Gupta, director amounting 12000/-

b) Director's Remuneration paid to Mr. S. K. Singhal, director amounting 48000/-

c) Director's Sitting Fees paid to Miss Neha Kumari, directror amounting 25000/-

d) Director's Sitting Fees paid to Mr. Vinu Bhai Patel, directror amounting 8000/-

e) Director's Sitting Fees paid to Mr. Sandeep Khandelwal, directror amounting 25000/-

4. As the Company's business activity falls within a single primary business segment the disclosure requirement of AS 17 " Segment Reporting" issued by ICAI is not applicable.

5. Balance of Debtors, Creditors, Loan & Advances Outstanding as on Balance Sheet date are subject to confirmation.

6. Due to the volume and peculiar nature of the business it is difficult to summarize the quantity of purchase and sales of each type of share.

7. a Contingent Liabilities

As at As at 31st March 2015 31st March 2014 (In Rs.) (In Rs.)

Claims against the Company in respect of Income Tax 64,784,220 -

b Only litigation of the Company, against order ITO passed in Assessment Year 2012-13 is pending before Commissioner of Income Tax(Appeal) for deletions of some additions made by the ITO due to which Income Tax Department raised a demand of Rs. 6,47,84,220/- The directors of the Company are sure to win the appeal filed and the demand will be deleted.

8. Unsecured loans and advances given by the Company are call loans and payable, along with due interest, on demand. In view of the directors these loans will be collected in full along with due interest and all loans are Standard Assets. As required by Act, the provisions @ 0.25% of Standard Assets have been provided for contingencies. Since at the balance sheet date there are no outstanding derivative contracts. So provision for derivatives is not required

9. Previous Year's figures are re-arranged and regrouped wherever found necessary to make it comp arabIe with the figure of current period












Mar 31, 2014

1. SHARE CAPITAL

a) The company has only one class of equity shares having a par value of Rs. 1 per share. Each shareholder is eligible to one vote per fully paid equity share held (i.e. in proportion to the paid up shares in equity capital) and ranks pari passu. The Dividend proposed, if any, by the Board of Directors is subject to approval of shareholders in the ensuring Annual General Meeting. The repayment of equity share capital in the event of liquidation and buy back of shares are possible subject to prevalent regulations. In the event of liquidation, normally the equity shareholders are eligible to receive the remaining assets of the company in proportion to their shareholding.

b) The company has neither any holding company nor any subsidiary company.

2. No Provision for gratuity has been made as per As-15 as in the opinion of the Management no employee has put on qualifying period of service for entitlement to this benefit.

3. Related Party disclosure under AS 18 (As identified by the management and relied upon by the auditor)

a) Director's Remuneration paid to Mr. B. K. Gupta, director amounting 12000/-

b) Director's Remuneration paid to Mr. S. K. Singhal, director amounting 48000/-

4. As the Company's business activity falls within a single primary business segment the disclosure requirement of AS 17 " Segment Reporting" issued by ICAI is not applicable.

5. Balance of Debtors, Creditors, Loan & Advances Outstanding as on Balance Sheet date are subject to confirmation.

6. Due to the volume and peculiar nature of the business it is difficult to summarize the quantity of purchase and sales of each type of share.

7. Previous Year's figures are re-arranged and regrouped wherever found necessary to make it comparable with the figure of current period


Mar 31, 2013

1 The company values its closing stock of shares/debenture at market price in financial year 2011-1 2. This has been changedI to lower of cost on market value as recommended by the Institute of Chartered Accounts of India. As a result thereof the profil for the year « overvalued by Rs. Ni1(Previous year overstated by Rs. Nil). The profit is understated by Rs. Ten Lacs Three Thousand Two Hundered Ten and thirty six due to change in valuation policy.

2 No Provision for gratuity has been made as per As-15 as in the opinion of the Management no employee has put on qualifying period of service for entitlement to this'' benefit.

3 Related Party disclosure under AS 18 {As identified by the management and relied upon by the auditor)

a) Director''s Remuneration paid to Mr. B. K. Gupta, director amounting 12000/-

b) Director''s Remuneration paid to Mr. S. K. Singhal, director amounting 48000/-

4 As the Company''s business activity falls within a single primary business segment the disclosure requirement of AS 17 " Segment Reporting" issued by ICAI is not applicable.

5 Balance of Debtors, Creditors, Loan & Advances Outstanding as on Balance Sheet date are subject to confirmation.

6 Due to the volume and peculiar nature of the business it is difficult to summarize the quantity of purchase and sales of each type of share.


Mar 31, 2011

1. (a) The inventory has been valued at cost price following FIFO method of Stock Valuation instead of cost or market price whichever is lower, as recommended by the Institute of Chartered Accountants of India, as a result the stock of quoted shares has been valued higher by Rs. Nil resulting into over stating of profit by Rs. Nil There has no change in the method of valuation of stock as compared to previous year.

(b) The closing stock includes some shares/securities for which no official quotations were available. We have relied upon the value as provided by the management in respect of such shares/securities.

2. Contingent Liabilities:

Contingent Liabilities are not provided for and are disclosed by way of notes, if any.

3. Related Party disclosures under AS 18: (As identified by the managementand relied upon by the auditor).

(a) Director's Remuneration paid to Mr. B.K. Gupta, director amounting to Rs. 12000/-(b) Director's Remuneration paid to Mr. S.K. Singhal, director amounting to Rs. 48000/-.

4. As the Company's business activity falls within a single primary business segment the disclosure requirement of AS 17 "Segment Reporting", issued by ICAI are not applicable.

5. Balance of Debtors/creditors outstanding as on Balance Sheet date is subject to confirmation.

6. Previous period's figures are re-arranged and regrouped wherever found necessary to make it comparable with the figures of current period.

7. Schedule 1 to 14 forms an integral part of the Balance Sheet and Profit & Loss Account.

8. Fees and Subscription includes one time settlement charges of listing fee amounting to Rs. 3,14,343/- paid to Jaipur Stock Exchange and Delhi Stock Exchange in Settlement Scheme of the Exchanges.


Mar 31, 2010

1. (a) The inventory has been valued at cost price following FIFO method of Stock Valuation and certified by Management.

(b) The closing stock includes shares/securities for which no official quotations were available. We have relied upon the value as provided by the management in respect of such shares / securities.

2. Income- Tax

The Income-tax liability is provided in accordance with the provisions of the Income-tax Act, 1961. Deferred tax is recognised, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

3. During the year under consideration, company had not made transaction with its related parties, within the meaning as per AS-18 issued by Institute of Chartered Accountants of India.

4. During the year company has made Statutory Provision as required u/s 45-1C of RBI Act in all its profit since its become NBFC.

5. As the Companys business activity falls within a single primary business segment the disclosure requirement of AS 17 "Segment Reporting", issued by ICAI are not applicable.

6. Balance of Debtors/creditors outstanding as on Balance Sheet date are subject to confirmation.

7. Previous periods figures are re-arranged and regrouped wherever found necessary to make it comparable with the figures of current year.

8. Schedule 1 to 13 forms an integral part of the Balance Sheet and Profit & Loss Account.

C. Additional information pursuant to the provision of Part-ll of the Schedule VI of the Companies Act, 1956.

(i) Due to the volume and peculiar nature of the business it is difficult to summarize the quantity of purchase and sales of each type of Share.


Mar 31, 2003

1. Few of the transaction made by the company including receipt of interest on loans & purchase & sale of shares etc. could not be confirmed for want of adequate supporting documentation.

2. The balances of loans given by the company in its normal course of business activities are subject to confirmation.

3. a) The inventory has been valued at cost price following FIFO method of Stock Valuation and as certified by Management.

b) The closing stock includes certain shares/securities for which no official quotations were available to determine their market value. We have relied upon the value as provided by the management in respect of such shares/securities.

4. The company purchases and sells shares/securities for self as well for its clients. Purchase and sales of shares include purchase/sale without physical delivery of shares. These transactions are recorded in the books as certified by the management and the profits/losses accrued to the said clients on aforesaid transactions are credited/debited to their respective accounts in which some of account yet to be confirmed by those buyers/sellers.

5. Income-Tax

The Income-tax liability is provided in accordance with the provisions of the Income-tax Act, 1961 Deferred tax is recognised, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

6. During the year under consideration the company had not made any transaction with its related parties, within the meaning as per AS-18 issued by Institute of Chartered Accountants of India.

7. Balance of debtors/creditors .outstanding are subject to confirmation.

8. The company during the year under consideration has amortized a sum 2,29,162/- and Rs. 20,274/- towards Pre-operative Expenses and preliminary expenses as calculated @10% of the total expenses debited under the respective accounts.

9. Previous periods figures are re-arranged and regrouped wherever found necessary to make it comparable with the figures of current year.

10. Schedule 1 to 11 forms an integral part of the Balance Sheet and Profit & Loss Account.

C. Additional Information pursuant to the provision of Part-ll of the Schedule VI of the Companies Act. 1956.

(i) Due to the volume and peculiar nature of the business it is difficult to summarize the quan- tity of purchase and sales of each type of Share.

(ii) Closing Stock (Details attached)

(iii) Value of raw material and stores consumed

Imported N.A.

Indigenous N.A.

(iv) Earnings in Foreign Exchange Nil

(v) Expenditure in Foreign Exchange Nil

 
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