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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