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Notes to Accounts of Chartered Capital & Investment Ltd.

Mar 31, 2015

1. Related Party Disclosure

a) Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanantan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A. L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel(Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

(iii) Saphire Finman Services Private Limited (Up to 01/01/2015)

(iv) Saphire Finman Services LLP (From 02/01/2015)

(v) Laburnum Chemicals Private Limited

Notes:-

(i) No amounts pertaining to related parties have been provided for as doubtful debts. Also no amounts have been written off or written back during the year.

2. Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI.

3. Employees' Benefits

(a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since numbers of eligible employees are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

4. Details of dues to micro and small enterprises as defined under the MSMED Act,2006There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2015. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Activity in foreign currency:

Expenditure & Income in foreign currencies – Nil

6. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, provision is made for diminution in the value of such investments, since in the opinion of the board it is a other than temporary phenomenon and provision is necessary.

7. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

8. Previous year's figures have been rearranged and reclassified wherever necessary to correspond with the current year.


Mar 31, 2014

1. Related Party Disclosure

a) Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanatan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A.L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel (Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

(iii) Saphire Finman Services Private Limited

(iv) Laburnum Chemicals Private Limited

2. Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI.

3. Employees* Benefits (a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since number of eligible employees are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

4. Details of dues to micro and small enterprises as defined under the MSMED Act,2006

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March,2014. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Activity in foreign currency Expenditure in foreign currencies - Nil

6. Investments of the Company have been considered by the management to be of Long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is Lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

7. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

8. Subsequent developments after SEBI''s order in the matter of IPO of RDB Rasavans Limited

In the matter of IPO of RDB Rasayans Limited, SEBI has initiated an enquiry and issued a Show Cause Notice (SCN) dated July 26, 2013 against the Company under Regulation 25(1) of Securities and Exchange Board of India (Intermediaries) Regulations, 2008 which was replied by the Company in time and enquiry proceedings are under process. Company expects that SEBI will accept its submissions and absolve it from all the charges made against it.

9. Previous year''s figures have been rearranged and reclassified wherever necessary to correspond with the current year.


Mar 31, 2013

1. COMPANY INFORMATION:

Chartered Capital and Investment Limited is a Public Limited Company, listed on the Ahmedabad Stock Exchange Limited (ASE) and Bombay Stock Exchange Limited (BSE). The Company is registered as Merchant Banker with the Securities & Exchange Board of India (SEBI). The Company is principally engaged in Merchant Banking activities.

2. Related party disclosure

a. Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanantan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A.L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel (Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

Notes:-

(i) No amounts pertaining to related parties have been provided for as doubtful debts. Also no amounts have been written off or written back during the year.

3 Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI

4 Employees'' Benefits

(a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since number of eligible employee are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

5. Details of dues to micro and small enterprises as defined under the MSMED Act,2006.

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March,2013. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

6. Activity in foreign currency

Expenditure in foreign currencies - Nil

7. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

8. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

9. Hon''ble Securities Appellate Tribunal(SAT) has, vide its order dated October 25,2012,While hearing an appeal made by company against the orders passed by SEBI,set aside the said orders of SEBI and also directed the SEBI to complete the investigation & take appropriate decision qua the appellants by December 31,2012. SEBI had earlier vide its ex-parte ad- interim order dated December 28, 2011 in the matter of IPO of RDB Rasayans Limited for which the Company was the BRLM, has, inter alia, prohibited the Company and its 2 key officials, from taking up any new assignment or involvement on any new issue of capital including IPO, follow-on issue etc. from the securities market in any manner whatsoever from the date of the Impugned Order till further directions. SEBI further confirmed the said order through their confirmatory order dated September 7, 2012.


Mar 31, 2012

1. BACKGROUND OF THE COMPANY

Chartered Capital and Investment Limited originally incorporated as a Private Limited Company, -was converted into Public Limited Company in 1994. The equity shares of the company are listed on the Ahmedabad Stock Exchange Limited (ASE) and Bombay Stock Exchange Limited (BSE). The Company is registered as Merchant Banker with the Securities & Exchange Board of India (SEBI).'The Company is principally engaged in Merchant Banking activities.

2. Provisions, contingent liabilities and contingent assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not .

recognized but are disclosed in the notes! Contingent Assets are neither recdgnizecl rior disclosed in the financial ' statements: " , ' 4. Cash flow statement

The Cash Flow Statement is prepared by the indirect Method set out in Accounting Standards SrpCaSh Flow Statement & presents cash flows by operating, investing & financing activities of the Company.

5. Impairment of assets

The carrying; amounts of assets are reviewed *t each Balance Sheet date ;f there is Mry indication of impairment based on internal/external factors. An asset is‘impaired -.vfiert --the?'tarrying amount of the asset exceeds the recoverable amount. An impairment loss is charged: to the Pro!;t and Loss Account in the ye^r in which an asset is identified as impaired. An impairment loss recognized in prior accounting periods is rlvlrsed if there' has Iteefi ^ftange in the estimate of the recoverable amount. ,

6. Earnings per Share (EPS) ,

Basic earnings per share is calculated by dividing the net profit or Iciss for the year attributable to equity shareholders -

by the weighted average number of equity shares outstanding during the year. The weighted average number of equity shares outstanding during the year are adjusted for events such as bonus shares, other than the conversion of potential equity shares, that havechangedthe number of equity shares outstanding without a corresponding change in resources For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity ‘ shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares. 7. Cash and cash equivalents

Cash and cash equivalents include cash fetiand, demand deposits with banks, other short-term highly liquid investments , with original maturities of three months or less.

8.1 Terms / rights attached to Equity Shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each share fiolder of equity shares is entitled to one vote per share. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts, in proportion to their shareholding. .

* Equity shares having face value of Rs. 5/- each have been sub-divided into 5 eqity shares of Rs. 1/- each w.e.f. 6 May 2011.

# 1000 nos. of bonus equity shares has been issued on 16 June 2011.

A Allotment of 662 nos. of equity shares of Network 18 media & investments limited and 3465 nos. of equity shares of IBN 18 Broadcast limited against holding of 5096 nos. of equity shares of Television eighteen limited in pursuant to the scheme of arrangement approved by the Hon'ble High court of Delhi vide its order dated 26 April 2011.

9. Employee's benefits

(a) Defined benefit plan:

No Liability in respect of present or future liability of Gratuity has been ascertained and provided in the accounts (P.Y.

— not ascertained and provided for). This is in contravention with the accounting Standard 15 issued by the Institute of Chartered Accountants of India in respect of accounting for retirement benefits.

(b) Defined contribution plan:

The Company has recognised the following amount in Profjt and Loss Account which is included under contribution to funds.

10. Segment information

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments, as per Accounting Standard 17 Segment Reporting issued by the Institute of Chartered Accountants of India.

11. Related party disclosure

(a) Names of related parties and nature of relationship where control exists are as under:

(i) Enterprises under significant influence of key management personnel

a) Shabina enterprise

b) TD Power Systems Limited

(b) Names of other related parties and nature of relationship.

(i) Key management personnel ' ‘

a) Mr. Sanatan N. Munsif - Chairman ' " '

b) Mr. Mohib N. Khericha - Managing Direcor

c) Mr. A. L. Sanghvi - Vice Charman

12. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2012. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

13. SEBI vide its ex-parte ad-interim order dated December 28, 2011 in the matter of IPO of RDB Rasayans Limited for which the Company was the BRLM, has, inter alia, restrained/prohibited the Company and its 2 key officials, from taking up any new assignment or involvement on any new issue of capital including IPO, follow-on issue etc from the securities market in any manner whatsoever from the date of the Impugned Order till further directions. The Impugned Order alleges lack of due diligence on the part of the Appellants in the handling of an IPO assignment as a merchant banker. The company has filed its reply to SEBI on January 14, 2012 denying all the allegations against the company and its officials and its officials have also attended personal hearing held at SEBI's office on March 16, 2012. Inspite of repeated requests to SEBI to pass the final order in the matter.

14. Activity in foreign currency

Expenditure in foreign currencies - Nil

15. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

16. The company has been exempted from registration with Reserve Bank of India under Section 45IA of Reserve Bank of India Act, 1934.

17. In the opinion of the Directors, Current Assets and Loans and Advances have a value on realisation in the ordinary course of business equal to the amount at which they are stated in the Balance Sheet.


Mar 31, 2010

A. BACKGROUND

Chartered Capital and Investment Limited originally incorporated as a Private Limited Company, was converted into Public Limited Company in 1994. The Company is registered as Merchant Banker with the Securities & Exchange Board of India (SEBI). The Company is principally engaged in Merchant Banking activities.

1. The search was carried out by Income Tax Authorities on 11/02/2010 at the premises of the Company. Income Tax Authorities have seized cash on hand to the extent of Rs. 2,60,000/- which is included in cash on hand of Rs. 3,34,465/- shown in Schedule : 8.

Pursuant to the search, Income Tax Authorities have issued notices U/s 153A(1)(a) of the Income Tax Act to the Company for assessing/reassessing the income as per returns of income filed for Financial years 2003—04 to 2008-09 relevant to assessment year 2004-05 to 2009-10. Company has not yet filed the returns of income in response to above notices as well as return of income for current financial year, as the due date for the same are not yet over. In view of this tax liability, if any, could not be ascertained on the date of signing the Balance Sheet. Tax Liability, if any, that may arise after filing of returns of income and completion of assessments will be accounted/provided for as and when such liabilities will arise.

2. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

3. In the opinion of the Directors, Current Assets and Loans and Advances have a value on realisation in the ordinary course of business equal to the amount at which they are stated in the Balance Sheet.

4. Employees Benefits

a) Defined Benefit Plan:

No Liability in respect of present or future liability of Gratuity has been ascertained and provided in the accounts (P.Y. — not ascertained and provided for). This is in contravention with the accounting Standard 15 issued by the Institute of Chartered Accountants of India in respect of accounting for retirement benefits.

b) Defined Contribution Plan:

The Company has recognised the following amount in Profit and Loss Account which is included under contribution to funds.

5. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

6. Effect of Accounting Standard 22 "Accounting for Taxes on Income".

7. The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments, as per Accounting Standard 17 Segment Reporting issued by the Institute of Chartered Accountants of India.

8. Expenditure incurred on employees in receipt of remuneration of not less than Rs.24,00,000/- per annum or Rs.2,00,000/ - per month if employed for a part of the year.

9. Related Party Disclosure

a Names of related parties and nature of relationship where control exists are as under:

Enterprise under significant influence of key management personnel :

Shabina Enterprise

TD Power Systems (P) Ltd. b Names of other related parties and nature of relationship.

Key Management Personnel :

Mr.Sanatan N.Munsif - Chairman

Mr.Mohib N.Khericha - Managing Director

Mr. A. L. Sanghvi - Vice Chairman



10. Expenditure In Foreign Currencies : NIL

11. Auditors Remuneration

12 Micro, Small, Medium Enterprises Development Act, 2006

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2010. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

13. Previous years figures have been regrouped or rearranged wherever necessary to make them comparable with that of previous year.