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Notes to Accounts of Chokhani Securities Ltd.

Mar 31, 2015

Note 1 Segment Reporting

The Company treats Share Trading Activity, Commodity Trading Activity, Inter-Corporate Deposits and Loan Given and taken to company (under the same Management) as single segment. Therefore, no Segment Reporting is required.

Note 2

In the opinion of the Board of Directors, Current Assets, Loans and Advances have the value at which these are stated in the Balance Sheet to be realized in the ordinary course of business and the provision for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.

Note 3 - Deferred Tax Asset/Liability

There are no Deferred Tax Asset or Liability in current and previous year.

Note 4 - Related Party Disclosures

Name of the Party Relationship

Ramakant R. Chokhani Key Management Personnel

Manish Chandrahas Parikh Key Management Personnel (CFO)

Transaction during the year

For the year ended For the year ended Particulars 31 March, 2015 31 March, 2014

Managerial Remuneration to Manish Chandrahas Parikh for the month of March, 2015 26,000 -

Note 5

Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.


Mar 31, 2014

Note 1 Segment Reporting

The Company treats Share Trading Activity, Commodity Trading Activity, Inter-Corporate Deposits and Loan Given and taken to company (under the same Management) as single segment. Therefore no Segment Reporting is required.

Note 2

In the opinion of the Board of Directors, Current Assets, Loans and Advances have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provision for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.

Note 3 - Deferred Tax Asset/Liability

There are no Deferred Tax Asset or Liability in current and previous year.

Note 4

Previous year''s figures have been regrouped or rearranged or reclassified wherever necessary.


Mar 31, 2012

1 Segment Reporting

The company treats Share Trading Activity and Inter-Corporate Deposits and Loan given and taken to company (under the same Management) as single segment. Therefore no Segment Reporting is required.

2 Contingent Liabilities

(a) Contingent Liabilities on account of contracts remaining to be executed on capital account NIL

(b) Claims not acknowledged by the Company relating to cases contested by the Company :

(Rs in lakhs)

Particulars 2011-12 2010-11

Income Tax Matter (Pending before Appellate Authorities in 111.77 NIL respect of which the Company is in appeal)

3 In the opinion of the Board of Directors, Current Assets, Loans and Advance have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.

4. Deferred Tax

Deferred tax is recognized on timing differences between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent period in accordance with AS 22- Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India.

5. Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.


Mar 31, 2011

1. SEGMENT REPORTING:

The company treats Share Trading Activity And Inter-Corporate Deposits as single segment. Therefore no Segment Reporting is required.

2) DEFERRED TAX:

Deferred tax is recognized on timing differences between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent period in accordance with AS 22- Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India.

3) CONTINGENT LIABILITIES :

a) Contingent Liabilities on account of contracts remaining to be executed on capital account NIL

b) Claims against the Company not acknowledged as debts NIL.

OTHER NOTES:

a) In the opinion of the Board of Directors, Current Assets, Loans and Advance have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.

b) During the year, management conducted test for impairment of fixed assets as per guideline given under Accounting Standard 28 "Impairment of Assets" and accordingly management impaired full value of fixed assets of company since the future cash flow from assets impaired and net realizable value as on date of balance sheet is negligible.

c) Previous years figures have been regrouped or rearranged or reclassified wherever necessary.


Mar 31, 2010

1. SEGMENT REPORTING:

The Company treats the Share Trading as a Single Business Segment and hence segment wise information is not given.

2. DEFERRED TAX :

Deferred tax is recognized on timing differences between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent period in accordance with AS 22- Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India.

3. CONTINGENT LIABILITIES :

a) Contingent Liabilities on account of contracts remaining to be executed on,capital account NIL

b) Claims against the Company not acknowledged as debts NIL.

OTHER NOTES:

a) In the opinion of the Board of Directors, Current Assets, Loans and Advance have the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonably necessary.

b) In the opinion of the Management the fixed assets of the Company can reasonably fetch the amount at which they are carried in the books. Therefore the assets are not impaired and do not call for recognizing loss in accordance with the AS-28 issued by the Institute of Chartered Accountants of India.

c) Previous years figures have been regrouped or rearranged or reclassified wherever necessary.