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, 2012
1 The Company values its closing stock of Shares/Debentures at cost
price up to financial year 2011-12 instead of lower of cost of market
value as recommended by the Institute of Chartered Accountants of
India. Now it has changed the policy and valued the stock at market
price as a result thereof the Profit for the year is overvalued by Rs.
NIL (Previous Year overstated by Rs. NIL.) and the profit and loss
account is overstated to that extend in the balance sheet. The profit
is understated by Rs. One crore One lac Seventy Seven Thousand One
Hundred Forty Three and Twenty Six paise due to change in valuation
policy.) 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 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 disclosures under AS 18: (As identified by the
management and relied upon by the auditor)'(a) DirectorÃs
Remuneration paid to Mr. B.K. Gupta'director amounting to Rs.
12000/-(b) DirectorÃs Remuneration paid to Mr. S.K. Singhal'director
amounting to Rs. 48000/-.
4 As the CompanyÃs business activity falls within a single primary
business segment the disclosure requirement of AS 17 ÃSegment
Reporting"'issued by ICAI is not applicable.
5 Balances 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 yearÃs figures are re-arranged and regrouped wherever
found necessary to make it comparable with the figures of current
period.
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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