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Notes to Accounts of BLB Ltd.

Mar 31, 2016

1 No provision for diminution in the value of investments to the extent of Rs. 441.83 Lacs (Previous year - Rs. 416.23 Lacs) has been made as the same is considered to be temporary in nature. [Refer Note No. 2(j)(ii)]

2. The trading in shares of Midvalley Entertainment Limited has been suspended by the BSE Limited since 10/07/2012 due to some penal reasons. The market value of the said shares have been adopted on the basis of last available market quotation.

3. During the year, the company has floated a wholly owned subsidiary namely Caprise Commodities Limited and has made an investment in 15 lacs equity shares of Rs. 10/- each at par of the said company.

4. The Board of Directors has approved the scheme of amalgamation of Manu Properties Private Limited with the company in their meeting held on 07/11/2015. The company has incurred certain professional expenses and has shown under the pre-amalgamation expenses as it has applied to various Stock Exchanges for necessary prior approval.

5. Rs. 876.90 Lacs given to The Calcutta Stock Exchange Association Limited to tide over the payment crisis, which erupted in March 2001. A suit for recovery was filled with the Hon''ble Delhi High Court and has been taken up for hearing. The management is confident of recovery thereof (Previous year: Rs. 876.90 Lacs).

6. The company has initiated legal proceedings against two parties for the recovery of Rs. 7.35 Lacs in the Court of law and the management is confident of recovery thereof (Previous year: Rs. 7.35 Lacs).

The Bank Fixed Deposits taken by the Company have been partly pledged as follows:

7. Rs. 591.25 Lacs with various Stock Exchanges towards Capital adequacy deposits/margins (Previous year Rs. 82.50 Lacs). Rs. 1778.75 Lacs with Banks against various facilities provided by them. (Previous year Rs. 1328.75 Lacs).

8. Rs. 57.50 Lacs with various Stock Exchanges towards Capital adequacy deposits/margins (Previous year Rs. 76.25 Lacs). Rs. 1.25 Lacs with Banks against various facilities provided by them. (Previous year Rs. 251.25 Lacs).

9. SEGMENT ACCOUNTING

The Company is primarily engaged in a single business segment of dealing in shares, securities and derivatives. All the activities of the Company revolve around the main business. As such there are no separate reportable segments as per Accounting Standard - 17 “Segment Reporting” notified by the Central Government under the Companies (Accounting Standard) Rules 2006.

10. OPERATING LEASES

Since the existing operating lease entered into by the company is cancelable on serving a notice of one to three months, as such there is no information required to be furnished as per AS-19.

11 RELATED PARTY DISCLOSURE I) List of Related Parties

12. Key Management Personnel & Relatives

13. Sh. Brij Rattan Bagri (Chairman), Relatives: Smt. Malati Bagri (Wife)*,

Ms. Nanditaa Bagri (Daughter), Sh. Siddharth Bagri (Son)*

14. Sh. Vikram Rathi (Executive Director)

15. Sh. Vikash Rawal (Chief Financial Officer)

16. Ms. Arpita Banerjee (Company Secretary) up to 20/09/2015

17. Ms. Swati Sharma (Company Secretary) w.e.f 28/09/2015

18. Wholly Owned Subsidiary Enterprises

19. Sri Chaturbhuj Properties Limited*

20 BLB Commodities Limited

21. Sri Sharadamba Properties Limited

22. BLB Global Business Limited

23. Caprise Commodities Limited w.e.f 19/12/2015

24. Step Down Overseas Subsidiary

BLB Singapore Ventures Pte Ltd, Singapore, wholly owned overseas Subsidiary of BLB Global Business Limited

Note: The name of the Wholly Owned Subsidiary BLB Singapore Ventures Pte Ltd, Singapore was struck off upon the completion of its winding up process.

25. Enterprise where principal shareholder has control of significant influence (significant interest entities)

26. Manu Properties Pvt. Limited*[Refer Note No. 14(i)]

*During the year, the Company did not enter into any transaction with such parties.

27. Legal and Professional charges include Rs. 123,100/- paid as professional fees for income tax matters to an Independent Director of the Company. (Previous year : Rs. 211,000/-)

28. The Company has not received any intimation from ''Suppliers'' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the yearend together with interest paid / payable as required under the said Act have not been given.

29. Borrowers have made no investments in shares of the Company

30. In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

31. Previous year''s figures have been regrouped and/ or rearranged wherever necessary to conform to this year''s classification.


Mar 31, 2015

1) During the year, the Deferred Tax Asset has been reversed as the benefit of set-off of business losses lapsed due to expiry of time limit available as per the provisions of the Income Tax Act, 1961. Since the credit of Deferred Tax Asset was accumulated with Retained Earnings as such the same has been reversed there-from. [Refer Note No. 12(i)]

2) Additional Information:

(i) No provision for diminution in the value of investments to the extent of Rs. 416.23 Lacs (Previous year - Rs. 435.63 Lacs) has been made as the same is considered to be temporary in nature. [Refer Note No. 2(j)(ii)]

(ii) The trading in shares of Midvalley Entertainment Limited has been suspended by the BSE Limited since 10/07/2012 due to some penal reasons. The market value of the said shares have been adopted on the basis of last available market quotation.

Additional Information :

i) Rs. 876.90 Lacs given to The Calcutta Stock Exchange Association Limited to tide over the payment crisis, which erupted in March 2001. A suit for recovery is pending with the Hon'ble Delhi High Court and the management is confident of recovery thereof (Previous year: Rs. 876.90 Lacs).

ii) Rs. 7.35 Lacs due from various parties are under arbitration proceedings and the management is confident of recovery thereof (Previous year: Rs. 7.35 Lacs).

3) CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR):

PARTICULARS 2014-15 2013-14 Rs. in Lacs Rs. in Lacs a) Contingent liabilities

i) Claims not acknowledged by the company

Reliefs granted by various 1267.54 1267.54 appellate authorities but not accepted by the income tax authorities in various cases involving Income tax liabilities

Stamp duty levied by State 104.80 104.80 Govt. of Delhi*

Service Tax on legal services 4.82 2.74 of Advocates or Advocate firms under Reverse Charge.

ii) Guarantees

Outstanding guarantees to various 2410.00 1210.00 banks, in respect of the guarantees given by those banks in favour of stock exchanges and others

Counter Guarantees given by 8115.00 6,600.00 the company jointly with its Director(s) to the banks on behalf of its Subsidiaries.

b) Capital Commitments (net of advances) Estimated amount of contracts 939.08 2,091.59 remaining to be executed on capital account

* The State Government of Delhi has levied stamp duty through Indian Stamp (Delhi Amendment) Act, 2010 w.e.f 01/06/2010 on securities business carried by the company on proprietary basis. The constitutional validity of the said levy is under challenge in Delhi High Court through a writ petition filled by an association of brokers wherein the company is a member and the matter is subjudice. The liability on account of levy of stamp duty for the period 01/06/2010 to 30/09/2013 works out to Rs. 104.80 Lacs (without interest) for which no provision has been made.

4) SEGMENT ACCOUNTING

The Company is primarily engaged in a single business segment of dealing in shares, securities and derivatives. All the activities of the Company revolve around the main business. As such there are no separate reportable segments as per Accounting Standard - 17 "Segment Reporting" notified by the Central Government under the Companies (Accounting Standard) Rules 2006.

5) OPERATING LEASES

Since the existing operating lease entered into by the company is cancelable on serving a notice of one to three months, as such there is no information required to be furnished as per AS-19.

6) RELATED PARTY DISCLOSURE

I) List of Related Parties

a) Key Management Personnel & Relatives

1) Sh. Brij Rattan Bagri (Chairman), Relatives: Smt. Malati Bagri (Wife)*, Ms. Nanditaa Bagri (Daughter), Sh. Siddharth Bagri (Son)*

2) Sh. Vikram Rathi (Executive Director)

3) Sh. Satish Kumar Sharma (Executive Director Upto 13/08/2014)

4) Sh. Vikash Rawal (Chief Financial Officer)

5) Ms. Arpita Banerjee (Company Secretary)

b) Wholly Owned Subsidiary Enterprises

1) Sri Chaturbhuj Properties Limited*

2) BLB Commodities Limited

3) Sri Sharadamba Properties Limited

4) BLB Global Business Limited

Wholly Owned Subsidiaries of BLB Global Business Limited *

i) BLB Singapore Ventures Pte Ltd, Singapore. (under the Process of winding up)

c) Enterprise where principal shareholder has control of significant influence (significant interest entities)

1) Manu Properties Pvt. Limited*

* During the year, the Company did not enter into any transaction with such parties.

7) Legal and Professional charges include Rs. 211,000/- paid as professional fees for income tax matters to an Independent Director of the Company. (Previous year : Rs. 171,500/-)

8) The Company has not received any intimation from 'Suppliers' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act have not been given.

38) In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

9) Previous year's figures have been regrouped and/ or rearranged wherever necessary to conform to this year's classification.


Mar 31, 2014

1. CORPORATE INFORMATION

BLB Limited is a Public Company duly incorporated under the provisions of the Companies Act, 1956. The shares of the company are listed at NSE and BSE. The Company is a corporate member of NSE, BSE and MCX-SX and is primarily engaged in the business of trading in shares & securities.

2. CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR):

PARTICULARS 2013-14 2012-13 Rs. in Lacs Rs. in Lacs

a) Contingent liabilities

i) Claims not acknowledged by the company

Disputed Income Tax liabilities - 6.06

Stamp duty levied by State Govt. of Delhi* 104.80 91.77

Service Tax on legal services of advocates 2.74 1.77 or Advocate firms under on Reverse Charge.

ii) Guarantees

Outstanding guarantees to various banks, in respect 1210.00 860.00 of the guarantees given by those banks in favour of stock exchanges and others

Counter Guarantees given by company jointly with two of 6,600.00 6,400.00 its Directors to the banks on behalf of its Subsidiaries

b) Capital Commitments (net of advances)

Estimated amount of contracts remaining to 2,091.59 2,717.38 be executed on capital account

* The State Government of Delhi has levied stamp duty through Indian Stamp (Delhi Amendment) Act, 2010 w.e.f 01/06/2010 on securities business carried by the company on proprietary basis. During that year, the constitutional validity of the said levy has been challenged in Delhi High court through a writ petition filled by an association of brokers wherein the company is a member and the matter is subjudice.

3. SEGMENT ACCOUNTING

The Company is primarily engaged in a single business segment of dealing in shares, securities and derivatives. All the activities of the Company revolve around the main business. As such there are no separate reportable segments as per Accounting Standard - 17 "Segment Reporting" notified by the Central Government under the Companies (Accounting Standard) Rules 2006.

4. OPERATING LEASES

Since the existing operating lease entered into by the company is cancelable on serving a notice of one to three months, as such there is no information required to be furnished as per AS-19.

5. RELATED PARTY DISCLOSURE I) List of Related Parties

a) Key Management Personnel & Relatives

1) Sh. Brij Rattan Bagri (Chairman), Relatives: Smt. Malati Bagri (Wife), Ms. Nanditaa Bagri (Daughter), Sh. Siddharth Bagri (Son)

2) Sh. Vikram Rathi (Executive Director)

3) Sh. Satish Kumar Sharma (Executive Director) Relative: Sh. Arun Kumar Sharma (Brother)*, Sh. D.K. Sharma (Brother)

b) Wholly Owned Subsidiary Enterprises

1) BLB Institute of Financial Markets Limited (Amalgamated with BLB Global Business Limited)

2) Sri Chaturbhuj Properties Limited*

3) BLB Commodities Limited

4) Sri Shardamba Properties Limited

5) BLB Global Business Limited

Wholly Owned Subsidiaries of BLB Global Business Limited (India)*

i) BLB Business Ventures DMCC, Dubai (wound up during the year) ii) BLB Singapore Ventures Pte Ltd, Singapore.

c) Associate Enterprises

1) Manu Properties Pvt. Limited* * During the year, the company did not enter into any transaction with such parties.

6. Legal and Professional charges include Rs. 171,500/- paid as professional fees for income tax matters to an Independent Director of the Company. (Previous year : Rs. 296,500/-)

7. The Company has not received any intimation from ''Suppliers'' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act have not been given.

8. In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

9. Previous year''s figures have been regrouped and/ or rearranged wherever necessary to conform to this year''s classification.


Mar 31, 2013

1. CORPORATE INFORMATION

BLB Limited is a Public Company duly incorporated under the provisions of the Companies Act, 1956. The shares of the company are listed at NSE and BSE. The Company is a corporate member of NSE, BSE, MCX-SX and USE and is primarily engaged in the business of trading in shares & securities.

2. SEGMENT ACCOUNTING

The Company is primarily engaged in a single business segment of dealing in shares, securities and derivatives. All the activities of the Company revolve around the main business. As such there are no separate reportable segments as per Accounting Standard - 17 "Segment Reporting" notified by the Central Government under the Companies (Accounting Standard) Rules 2006.

3. OPERATING LEASES

Since the existing operating lease entered into by the company is cancelable on serving a notice of one to three months, as such there is no information required to be furnished as per AS-19.

4. RELATED PARTY DISCLOSURE I) List of Related Parties

a) Key Management Personnel & Relatives

1) Sh. Brij Rattan Bagri (Chairman), Relatives: Smt. Malti Bagri (Wife), Ms. Nanditaa Bagri (Daughter), Sh. Siddharth Bagri (Son)

2) Sh. Vikram Rathi (Executive Director)

3) Sh. Satish Kumar Sharma (Executive Director) Relatives: Sh. D.K. Sharma (Brother)*, Sh. Arun Kumar Sharma (Brother).

b) Wholly Owned Subsidiary Enterprises

1) BLB Global Business Limited (Mauritius)*

2) BLB Institute of Financial Markets Limited

3) Sri Chaturbhuj Properties Limited

4) BLB Commodities Limited

5) Sri Shardamba Properties Limited

6) BLB Global Business Limited (India)

7) Wholly Owned Subsidiaries of BLB Global Business Limited (India)*

i) BLB Business Ventures DMCC, Dubai

ii) BLB Singapore Ventures Pte Ltd, Singapore.

c) Associate Enterprises

1) Manu Properties Pvt. Limited* *During the year, the company did not enter into any transaction with such parties.

5. Legal and Professional charges include Rs. 296,500/- paid for income tax matters to a non executive director of the Company. (Previous year : Rs. 446,000/-)

6. The Company has not received any intimation from ''Suppliers'' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act have not been given.

7. During the year, in line with the AS 30, 31 and 32 which are presently recommendatory in nature, the Company has measured / valued the derivatives at fair value and the corresponding mark to market margin for such instruments has been debited / credited to the statement of profit and loss account. Earlier for the hedged items the Company used to value the Stock in Trade at lower of cost or market value and the negative impact of Mark to Market margin in case of increase in the value of stock in trade was reversed from the Statement of Profit and Loss. In respect of un-hedged items, the net gain/loss was accounted for in the Statement of Profit and Loss on the basis of recommendations given by ICAI. The Management believes that such change will result in better presentation of the financial statements in line with global practices. The profit for the financial year under consideration has been increased by Rs. 2.76 Lacs on account of change in the method of valuation of stock in trade and treatment of negative Mark to Market margin for the hedged instruments.

8. In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

9. Previous year''s figures have been regrouped and/ or rearranged wherever necessary to conform to this year''s classification.


Mar 31, 2012

1) Corporate Information

BLB Limited is a Public Company and incorporated under the provisions of the Companies Act, 1956. The shares of the company are listed at NSE and BSE. The Company is a corporate member of NSE, BSE, MCX-SX and USE and is primarily engaged in the business of trading in shares & securities.

Additional Information :

2(i) During the year Singhal Agro Industries Limited was merged with Sharp Corp Limited under the scheme of merger vide order passed by the Hon'ble Delhi High Court 09th August 2011. As a result the company has received 88000 equity shares of Sharp Corp Limited for 80000 equity shares of Singhal Agro Industries Limited as on date of merger.

2(ii) No provision for diminution in the value of investments to the extent of Rs. 298.43 Lacs (Previous year - Nil) has been made as the same is considered to be temporary in nature. [Refer Note No. 2(j)(ii)]

Additional Information :

i) Rs. 876.90 Lacs given to The Calcutta Stock Exchange Association Limited to tide over the payment crisis, which erupted in March 2001. A suit for recovery is pending with the Hon'ble Delhi High Court and the management is confident of recovery thereof (Previous year: Rs. 876.90 Lacs).

ii) Rs. 8.29 Lacs due from various parties are under arbitration proceedings and the management is confident of recovery thereof (Previous year: Rs. 8.29 Lacs).

Additional Information :

i) Balances with Banks include unclaimed Dividend of Rs. 21,76,041/- (previous year Rs. 20,17,192/-)

ii) (a) Fixed deposits with banks include deposits of Rs. 75.00 lacs (previous year: Rs. 1849.75 lacs) with maturity of more than 12 months.

(b) Bank Fixed Deposits have been pledged as follows:

i) Rs. 60.00 Lacs with various Stock Exchanges towards Capital adequacy deposits/margins (Previous year Rs. 619.00 Lacs).

ii) Rs. 358.75 Lacs with Banks against various facilities provided by them. (Previous year Rs. 2,262.00 Lacs).

3) Contingent liabilities and Commitments (to the extent not provided for):

Particulars AS AT 31.03.2012 AS AT 31.03.2011 (Rs. in Lacs) (Rs. in Lacs)

a) Contingent liabilities

i) Claims not acknowledged by the company

Disputed Income Tax liabilities 343.74 498.04

Stamp duty levied by State Govt. of Delhi* 70.50 65.20

ii) Guarantees

Outstanding guarantees to various banks, in respect of the guarantees given by those banks

in favour of stock exchanges and others 310.00 1,730.00

Counter Guarantees given by company jointly with its Chairman to the banks on behalf of one

of its Subsidiary Companies 2.975.00 1,675.00

b) Capital Commitments (net of advances)

Estimated amount of contracts remaining to

be executed on capital account 2.070.46 51.02

* The State Government of Delhi has levied stamp duty through Indian Stamp (Delhi Amendment) Act, 2010 w.e.f. 01/06/2010 on securities business carried by the company on proprietary basis. During that year, the constitutional validity of the said levy has been challenged in Delhi High court through a writ petition filled by an association of brokers wherein the company is a member and the matter is subjudice.

4) Segment Accounting

The Company is primarily engaged in a single business segment of dealing in shares, securities and derivatives. All the activities of the Company revolves around the main business. As such there are no separate reportable segments as per Accounting Standard - 17 “Segment Reporting notified by the Central Government under the Companies (Accounting Standard) Rules 2006.

5) Operating Leases

Since the existing operating lease entered into by the company is cancelable on serving a notice of one to three months, as such there is no information required to be furnished as per AS-19.

6) Related Party Disclosure

I) List of Related Parties

a) Key Management Personnel & Relatives

1) Sh. Brij Rattan Bagri (Chairman), Relatives: Smt. Neerja Bagri (Wife), Ms. Nanditaa Bagri (Daughter), Sh. Siddhartha Bagri (Son)

2) Sh. Vikram Rathi (Executive Director)

3) Sh. Satish Kumar Sharma (Executive Director) Relatives: Sh. D.K. Sharma (Brother)*, Sh. Arun Kumar Sharma (Brother).

b) Subsidiary Enterprises

1) BLB Global Business Limited (Mauritius)*

2) BLB Institute of Financial Markets Limited

3) Sri Chaturbhuj Properties Limited

4) BLB Commodities Limited

5) Sri Shardamba Properties Limited

6) BLB Global Business Limited (India)

7) BLB Business Ventures DMCC, Dubai

[100% Subsidiary of BLB Global Business Limited (India)]*

7) Legal and Professional charges include Rs. 4,46,000/- paid for income tax matters to a non executive director of the Company. (Previous year : Rs. 5,76,000/-)

8) The Company has not received any intimation from ‘Suppliers' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act have not been given.

9) During the year, the company has scaled down its trading operations to safeguard against volatile market situations, on account of high statutory levies and other overheads.

10) During the previous year, the Company reversed the provision of Rs. 512.10 Lacs under Exceptional Items in the Statement of Profit & Loss which was created in the earlier years under the ‘Employees Benefit Scheme' since no such employees remained in employment in the said category at the end of the previous year.

11) In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

12) The revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statement. Previous year's figures have been regrouped and/ or rearranged wherever necessary to conform to this year's classification.


Mar 31, 2010

1) Contingent liabilities

i) Guarantees issued by banks on behalf of the Company as on 31/03/2010 : Rs. 3,200 Lacs. (Previous year : Rs.2,950 Lacs).

ii) Amount payable towards the purchase of immovable properties as on 31/03/2010 : Rs. 439.30 lacs (Previous year : Rs. 1723.79 lacs).

iii) Disputed Income Tax liabilities not acknowledged as debt and under appeals : Rs.196.40 Lacs. (Previous year : Rs. 156.74)

iv) The State Government of Maharastra had levied stamp duty on the company under the Bombay Stamp Act, 1958 for the period from 01/04/2001 to 23/06/2006. However the company has disputed the same with Honble Delhi High Court & Honble Bombay High Court and the matter is subjudice. Hence, the liability on account of stamp duty cannot be ascertained and no provision on this account has been made in the books.

2) i) During the year the Company has withdrawn 1,73,534 equity shares of VBC Ferro Alloys Ltd from stock-in-trade and taken to investment account at its original cost of Rs. 429.84 Lacs. The surplus arising upon such withdrawal amounting to Rs. 93.70 Lacs has been shown under the Other Income in Schedule - 13.

ii) During the year, the Company received 2,58,400 equity shares of Jindal Steel & Power Limited, 50,700 equity shares of Reliance Industries Limited and 5,00,000 equity shares of Shree Renuka Sugars Limited as bonus shares during the normal course of business and has taken the said bonus shares to Long Term Investment account at Nil Value. Out of total bonus shares of Jindal Steel & Power Limited, the Company has sold 1,58,400 equity shares during the year.

3) The Company made donations of Rs. 911.00 Lacs for Charitable objects in accordance with the Special Resolution passed by the Shareholders in the Extraordinary General Meeting held on 6th February, 2010 and the provisions of Section 293(1)(e) of the Companies Act, 1956 (Previous year : Rs. 205.52 Lacs).

4) Sundry debtors include :

i) Rs. 876.90 Lacs given to The Calcutta Stock Exchange Association Limited to tide over the payment crisis, which erupted in March 2001. A suit for recovery is pending with the Honble Delhi High Court and the management is confident of recovery thereof (Previous year : Rs.876.90 Lacs).

ii) Rs. 15.62 Lacs due from various parties are under arbitration proceedings and the management is confident of recovery thereof (Previous year: Rs.15.62 Lacs).

5) In the opinion of the Board of Directors, the aggregate value of Current Assets, Loans and Advances on realization, in the ordinary course of business, will not be less than the amount at which these are stated in the Balance Sheet.

6) Bank Fixed Deposits are pledged as follows:

i) Rs.2,887.25 Lacs with Stock Exchanges towards capital adequacy deposits/margins (Previous year: Rs.2,057.25 Lacs).

ii) Rs.4,895.78 Lacs with banks against various facilities provided by them (Previous Year: Rs.4,074.84 Lacs).

7) The Company has created a provision for Rs. 62.19 Lacs for the year under the head ‘Employees Benefits in Schedule ‘12 towards special incentive for a certain category of staff payable at the time of their successful completion of the agreed tenure of service (Previous year: Rs. 80.95 Lacs). The company has made total payments of Rs. 55.79 Lacs to such staff (Previous year: Rs. 196.36 Lacs). The Company has reversed Rs.340.28 Lacs from the accumulated provision since some of such staff left the company before the completion of agreed tenure. (Previous year : Rs. Nil)

8) Legal and Professional charges include Rs. 4,19,500/- paid for income tax matters to a non executive director of the Company. (Previous year : Rs. NIL)

9) Related Party Disclosure

I) List of Related Parties

a) Key Management Personnel & Relatives

1) Sh Brij Rattan Bagri (Chairman), Relatives: Smt. Neerja Bagri (Wife), Ms. Nanditaa Bagri (Daughter), Sh. Siddhartha Bagri (Son)

2) Sh. Vikram Rathi (Executive Director)

3) Sh. Satish Kumar Sharma (Executive Director) Relatives: Sh. D.K. Sharma (Brother), Sh. Arun Kumar Sharma (Brother).

b) Subsidiary Enterprises

1) BLB Global Business Limited*

2) BLB Institute of Financial Markets Limited

3) BLB Realty Ventures Limited

4) BLB Commodities Pvt. Ltd.(w.e.f 11th May,2009)

c) Associate Enterprises

1) Manu Properties Pvt. Ltd.*

*During the year the company did not enter into any transaction with the said parties.

10) Segment Accounting

Since the Companys operations primarily comprise of trading in shares, securities and derivatives as such there is no other reportable segment as specified by Accounting Standard 17 issued by The Institute of Chartered Accountants of India.

11) Operating Leases

Since all existing Operating Leases entered into by the Company are cancelable on serving a notice of one to three months, as such no information is required to be furnished as per Accounting Standard AS-19.

12) The Company has not received any intimation from ‘Suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid / payable as required under the said Act have not been given.

13) Previous years figures have been regrouped and/or rearranged wherever necessary to conform to this year classification.

14) Statement Pursuant to Part-IV of Schedule VI to the Companies Act, 1956.

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