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Notes to Accounts of Capital Trade Links Ltd.

Mar 31, 2016

Contingent assets are neither recognized nor disclosed in the financial statements.

1. The Company does not have any other segment of business. Hence, the Segmental reporting regulations are not applicable to the Company.

2. Disclosures required under Section 32 of the Micro, Small and Medium Enterprises Development Act, 2006

There are no Micro and Small Enterprises, to whom the company owes dues, which are outstanding for more than 45 days at the Balance Sheet date. The above information regarding Micro Enterprises and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.

3. The Company has complied with the prudential norms on income recognition and provisioning requirements against performing and non-performing assets as per the provisions of Reserve Bank of India (RBI).

4. All assets and liabilities have been classified as current or non-current based on assumption of operating cycle with duration of 12 months.

5. Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.


Mar 31, 2015

1. The Company does not have any other segment of business. Hence, the Segmental reporting regulations are not applicable to .the Company.

2. Disclosures required under Section 32 of the Micro, Small and Medium Enterprises Development Act, 2006 There are no Micro and Small Enterprises, to whom the company owes dues, which are outstanding for more than 45 days at the Balance sheet date. The above information regarding Micro Enterprises and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.

3. The Company has complied with the prudential norms on income recognition and provisioning requirements against performing and non-performing assets as per the provisions of Reserve Bank of India (RBI).

4. All assets and liabilities have been classified as current or non-current based on assumption of operating cycle with duration of 12 months.

5. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.


Mar 31, 2014

1. Related party disclosures

(a) Related parties with whom transactions have taken place during the year : Associates Concerned:

Name of the Related Party Relationship

Smarth Fincap Services Pvt Ltd Common Controlled Company

Dolphim Fincap (I) Pvt Ltd_Common Controlled Company

Mega Fincap Pvt LtdCommon Controlled Company

Pilkhuwa Cloth Merchants Pvt Ltd Common Controlled Company Agbros Properties Private Limited Common Controlled Company Pratibha Securities Private Limited Common Controlled Company Xeraphin Finvest Private Limited | Common Controlled Company"

(b) During the year following transaction were carried out with the related parties in the ordinary course of the Business:

Nature of Transaction with associated Concern

(Amount in Rs.)

Loan & Advances Given : 95,00,000

Loan & Advances Repaid : 1,86,45,000

Loan Taken 1,34,00,000

Loan Repaid 5,76,85,000

Balance As on 31.3.2014 : NIL ( Loan & advances given)

Balance As on 31.3.2014 : NIL ( Loan Taken )

2. The previous year figures have been audited by another firm of Chartered Accountants.

3. Previous year''s comparative figures have been regrouped/recasted wherever necessary.


Mar 31, 2013

CONTINGENT LIABILITIES:-

No contingent liabilities are outstanding up to the date of Balance Sheet NOTE 19 In accordance with 'Accounting Standard 22' - "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, mandatory with effect from ' accounting period commencing from 1st April 2001. During the year under reference an amount of Rs. 163.88/- only has been ascertained to deferred Tax Liability on account of the timing difference of Depreciation and the same has been accounted for and net balance of Rs, 255.12/- under the head Deferred Tax Liability has been shown in the Balance Sheet as on 31.03.2013

NOTE 1

Special Reserve represents reserve created as per Section 45(IC) of Reserve Bank of India, 1934.

NOTE 2

Additional information pursuant to the provisions of Schedule VI to the Companies Act, 1956 (Wherever applicable)

a) The company has incurred no expenses in foreign exchange during the relevant period

b) The company has no earning in foreign currencies.

c) The company has not import in foreign currencies.

d) The company deals in equity shares and there is no transaction of purchased equity shares during the year.

As per Accounting Standard -18" Related Party Discloser" issued by the Institute of Chartered Account's of India , the discloser is as under- ts certified by the management)

- Associates Concerned :-

1. Dolphin Fincap (I) Pvt Ltd -Common Controlled Company

2. Shatabdi Leap from Pvt Ltd. - Common Controlled Company

3. Mega Fincap Pvt Ltd - Common Controlled Company

4. Pilkhuwa Cloth Merchants Pvt Ltd - Common Controlled Company

5. Agbros Properties Pvt Ltd - Common Controlled Company

6. Pratibha Securities Pvt Ltd - Common Controlled Company

7. Samarth Fincap Services Pvt Ltd - Common Controlled Company

8. Xeraphin Finest Pvt Ltd - Common Controlled Company

(b) During the Year following transaction were carried out with the related parties in the ordinary course of the business:

Audit report under section 44AB of the Income tax Act, 1961, in the case where the accounts of the business of the business or profession of a person have been audited under any other law

1. We report that the statutory audit of Capital Trade Links Ltd. 101, Remit House,3 Tolstoy Marg, Connaught Place New Delhi -110001 (PAN: AAACC0222H) was conducted by us in pursuance of the provisions of the Companies Act 1956, and we annex hereto a copy of our audit report dated 02-08-2013 along with a copy each of:-

(a) The audited profit and loss statement for the year ended on 31st March, 2013.

(b) The audited balance sheet as at 31st March. 2013; and

(c) Documents declared by the said Act to be part of, or annexed to, the profit and loss statement and balance sheet.

2. The statement of particulars required to be furnished under section 44 AB is annexed herewith in Form No.3CD.

3. In our opinion and to the best of our information and according to explanations given to us, the particulars given in the said Form No.3 CD and Annexure thereto are true and correct.


Mar 31, 2012

NOTE 1.

CONTINGENT LIABILITIES:-

No contingent liabilities are outstanding upto the date of Balance Sheet

NOTE 2

In accordance with ''Accounting Standard 22'' - "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, mandatory with effect from accounting period commencing from 1st April 2001. During the year under reference an amount of Rs.266/- only has been ascertained to deferred Tax Asset on account of the timing difference of Depreciation and the same has been accounted for and net balance of Rs. 419./- under the head Deferred Tax Liability has been shown in the Balance Sheet as on 31.03.2012

NOTE 3

Special Reserve represents reserve created as per Section 45(IC) of Reserve Bank of India, 1934.

NOTE 4

Additional information pursuant to the provisions of Schedule VI to the Companies Act,1956 (Wherever applicable)

a) The company has incurred no expenses in foreign exchange during the relevant period

b) The company has no earning in foreign currencies.

c) The company has not import in foreign currencies.

d) The company deals in equity shares and purchased equity shares amounting to Rs.3,05,00,000/-during the year.

NOTE 5

As per Accounting Standard -18 " Related Party Discloser" issued by the Institute of Chartered Accounats of India , the discloser is as under:- (As certified by the management)

(a) Relation Name of the related party

- Key Management Personnel (KMP) 1. Suresh C. Agrawal

- 2. Harish C. Agrawal

- Associates Concerned :-

1. Dolphin Fincap (I) Ltd - Common Controlled Company

2. Shatabdi Leaprofin Pvt Ltd. - Common Controlled Company

3. Mega Fincap Pvt Ltd - Common Controlled Company

4. Pilkhuwa Cloth Merchants Pvt Ltd - Common Controlled Company

5. Agbros Properties Pvt Ltd - Common Controlled Company

6. Pratibha Securitites Pvt Ltd - Common Controlled Company

7. Samarth Fincap Services Pvt Ltd - Common Controlled Company

8. Xeraphin Finvest Pvt Ltd - Common Controlled Company

(b) During the Year following transaction were carried out with the related parties in the ordinary course of the business:

NOTE 6

The revised scheduled 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 statements. Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification /disclosure.

b Terms/Rights attached to shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share is entitled to one vote per share Shareholding of more than 5% shares in the Company

There is no share holder holding shares more than 5% of the total paid-up share capital as on 31.3.2012 and 31.3.2011 d No Shares are issued and/ or reserved under Employee Stock Option Scheme and as Bonus/or for consideration other than cash/or bought back during the year.

7 The company has adopted Accounting Standard 17 - "Segment Reporting" issued by the Institute of Chartered Accountants of India.


Mar 31, 2011

A) In the opinion of Board of Directors, the "Current Assets, Loans & Advances" have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

b) Additional information pursuant to para 3, 4C,& 4D of Part-II of Schedule VI of the Companies Act, 1956 has been furnished to the extent applicable to the Company.

c) Balances of some of the Debtors, Creditors and Loans And Advances are subject to their confirmation & reconciliation from the respective parties. The management does not expect any of material difference affecting the financial statements for the year

d) On the basis of information available with the company, there are no outstanding dues, which are outstanding for more than 30 days as on 31/3/2011, to small-scale industrial undertakings.

e) Management has taken all the precautions to value the equity shares held as stock-in- trade and have valued at cost or market value whichever is lower except in few cases where the net worth of few of the unquoted equity shares are not available till finalization of the annual accounts and the same are valued at cost.

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