Mar 31, 2015
1 Corporate information
M/s.CIL Securities Limited was Incorporated in the year 1989.CIL today
is a diversified Financial Company and are member of the National Stock
Exchange of India Ltd and the Bombay Stock Exchange Ltd besides member
of MCX and NCDEX Exchange through Group Company providing services in
Capital Market, F&O, Currency, Mutual Fund and Commodities Segment. CIL
is also a Merchant Banker, Registrar and Share Transfer Agent and
Depository Participant.CIL is maintaining a flawless trading and
accounting system and real time information is being disseminated on
the website of the company www.cilsecurities.com. At CIL, we adopt the
latest technology in business and are constantly updating our self to
be with time and technology is being harvested to its utmost advantage
and to provide quality and cost effective service.A spectrum of
diversified activity is being provided by qualified and experienced
manpower deployed at CIL.CIL is a Listed Company on the Bombay Stock
Exchange.
Mar 31, 2014
1. Corporate information
M/s.CIL Securities Limited Incorporated in the year 1989.CIL today is a
diversified Financial Company and are member of the National Stock
Exchange of India Ltd and the Bombay Stock Exchange Ltd besides member
of MCX, NSEL and NCDEX Exchange through Group Company providing
services in Capital Market, F&O, Currency, Mutual Fund and Commodities
Segment. CIL is also a Merchant Banker, Registrar and Share Transfer
Agent and Depository Participant.CIL is maintaining a flawless trading
and accounting system and real time information is being disseminated
on the website of the company www.cilsecurities.com. At CIL, we adopt
the latest technology in business and are constantly updating our self
to be with time and technology is being harvested to its utmost
advantage and to provide quality and cost effective service. A spectrum
of diversified activity is being provided by qualified and experienced
manpower deployed at CIL.CIL is a Listed Company on the Bombay Stock
Exchange.
Particulars As at As at
31.03.2014 31.03.2013
Note (Rs) (Rs)
1 Additional information to the
financial statements
1.1 Contingent liabilities and
commitments (to the extent not
provided for)
(i) Contingent liabilities
(a) Claims against the Company not
acknowledged as debt 4.75 Lacs 4.75 Lacs
(b) Guarantees 1000 Lacs 1000 Lacs
(c) Other money for which the Company
is contingently liable NIL NIL
(d) These are disclosed by way of notes to the Balance Sheet. Provision
is made in the accounts in respect in those liabilities which are likely
to materialise after the period end, till finalisation of Accounts and
have material effect on the position stated in the Balance Sheet at the
period end.
1.2 Employee benefit plans
Defined contribution plans
The Company makes Provident Fund contribution for qualifying employees.
Under the Schemes, the Company is required to contribute a specified
percentage of the payroll costs to fund the benefits. The Company
recognised ''Rs.50660/- (Year ended 31 March, 2014) for Provident Fund
contributions and Rs.65364/- (Year ended 31 March, 2013) for
contributions in the Statement of Profit and Loss. The contributions
payable to these plans by the Company are at the rates specified in the
rules of the schemes.
Mar 31, 2013
1. Corporate information
M/s.CIL Securities Limited Incorporated in the year 1989.CIL today is a
diversified Financial Company and are member of the National Stock
Exchange of India Ltd and the Bombay Stock Exchange Ltd besides member
of MCX, NSEL and NCDEX Exchange through Group Company providing
services in Capi- tal Market, F&O, Currency, Mutual Fund and
Commodities Segment. CIL is also a Merchant Banker, Registrar and Share
Transfer Agent and Depository Participant.CIL is maintaining a flawless
trading and accounting system and real time infor- mation is being
disseminated on the website of the company www.cilsecurities.com. At
CIL, we adopt the latest technology in business and are constantly
updating our self to be with time and technology is being harvested to
its utmost advantage and to provide quality and cost effective
service.A spectrum of di- versified activity is being provided by
qualified and experi- enced manpower deployed at CIL.CIL has a track
record of paying continuous Dividend and is a Listed Company on the
Bombay Stock Exchange.
2.1 Employee benefit plans
Defined contribution plans
The Company makes Provident Fund contribution for qualifying employees.
Under the Schemes, the Company is required to contribute a specified
percentage of the payroll costs to fund the benefits. The Company
recognised Rs. Rs.65364/- (Year ended 31 March, 2013) for Provident Fund
contributions and Rs.79430/- (Year ended 31 March, 2012) for
contributions in the Statement of Profit and Loss. The contributions
payable to these plans by the Company are at the rates specified in the
rules of the schemes.
The Company has recognised deferred tax asset on unabsorbed
depreciation to the extent of the corresponding deferred tax liability
on the difference between the book balance and the written down value
of fixed assets under Income Tax (or) The Company has recognised
deferred tax asset on unabsorbed depreciation and brought forward
business losses based on the Management''s estimates of future profits.
2.2 Segment information
The Company has identified business segments as its primary segment.
Revenues and expenses directly attributable to segments are reported
under each reportable segment. Expenses which are not directly
identifiable to each reportable segment have been allocated on the
basis of associated revenues of the segment and manpower efforts. All
other expenses which are not attributable or allocable to segments have
been disclosed as unallocable expenses. Assets and liabilities that are
directly attributable or allocable to segments are disclosed under each
reportable segment. All other assets and liabilities are disclosed as
unallocable. Fixed assets that are used interchangeably amongst
segments are not allocated to primary and secondary segments.
The Company primarily operates in business segment i.e, Share and Stock
broking and other related ancillary services. The Company operates in
India and hence there are no reportable geopraphical segments.
2.3 Fixed deposits, Securities, and Office Buildings have been
assigned towards collateral/margin deposit to bank against guarantees
issued by them followed by personal guarantee given by Promoter
Directors.
2.4 Balances of Sundry Debtors and Sundry Creditors are subject to
confirmation.
2.5 There are no amounts payable to small-scale industrial
undertaking as at the balance sheet date. This disclosure is based on
the information available with the Company. The Company has not
received any intimation from its vendors regarding their status under
Micro, Small and Medium Enterprises Development Act, 2006 and hence
disclosures, if anyrequired under the said Act have not been made.
2.6 Previous Year figures have been regrouped / rearranged wherever
considered necessary.
Mar 31, 2012
1 Corporate information
M/s.CIL Securities Limited Incorporated in the year 1989.CIL today is a
diversified Financial Company and are member of the National Stock
Exchange of India Ltd and the Bombay Stock Exchange Ltd besides member
of MCX, NSEL and NCDEX Exchange through Group Company providing
services in Capital Market, F&O, Currency, Mutual Fund and Commodities
Segment. CIL is also a Merchant Banker, Registrar and Share Transfer
Agent and Depository Participant.CIL is maintaining a flawless trading
and accounting system and real time information is being disseminated
on the website of the company www.cilsecurities.com. At CIL, we adopt
the latest technology in business and are constantly updating our self
to be with time and technology is being harvested to its utmost
advantage and to provide quality and cost effective service.A spectrum
of diversified activity is being provided by qualified and experienced
manpower deployed at CIL.CIL has a track record of paying continuous
Dividend and is a Listed Company on the Bombay Stock Exchange.
2.1 Contingent liabilities and commitments (to the extent not provided
for)
(i) Contingent liabilities
(a) Claims against the Company not acknowledged as debt 2.35 LACS 4.60
LACS
(b) Guarantees 745 LACS 1100 LACS
(c) Other money for which the Company is contingently liable NIL NIL
(d) These are disclosed by way of notes to the Balance Sheet. Provision
is made in the accounts in respect in those liabilities which"are
likely to materialise after the period end, till finalisation of
Accounts and have material effect on the position stated in the Balance
"Sheet at the period end."
2.2 Employee benefit plans
Defined contribution plans
The Company makes Provident Fund contribution for qualifying employees.
Under the Schemes, the Company is required to contribute a specified
percentage of the payroll costs to fund the benefits. The Company
recognised Rs.79430/- (Year ended 31 March, 2012) for Provident Fund
contributions and Rs.85149/- (Year ended 31 March, 2011) for
contributions in the Statement of Profit and Loss. The contributions
payable to these plans by the Company are at the rates specified in the
rules of the schemes.
2.3 Fixed deposits, Securities, and Office Buildings have been
assigned towards collateral/margin deposit to bank against guarantees
issued by them followed by personal guarantee given by Promoter
Directors.
2.4 Balances of Sundry Debtors and Sundry Creditors are subject to
confirmation.
2.5 There are no amounts payable to small-scale industrial
undertaking as at the balance sheet date. This disclosure is based on
the information available with the Company. The Company has not
received any intimation from its vendors regarding their status under
Micro, Small and Medium Enterprises Development Act, 2006 and hence
disclosures, if any.required under the said Act have not been made.
2.6 Previous Year figures have been regrouped / rearranged wherever
considered necessary.
Mar 31, 2010
1. In the opinion of the Directors, Current Assets, Loans and Advances
have the value at which they are stated in the Balance Sheet, if
realised in the ordinary course of the business.
2. Employees Emoluments includes Remuneration to Wholetime Directors
amounting to Rs. 19.66 Lacs. (Previous Year: Rs.19.67 Lacs)
3. Computation of net profit in accordance with Section 198 read with
Section 349 of the Companies Act, 1956 for MD: -
4. Contingent Liabilities .
(i) These are disclosed by way of notes to the Balance Sheet.
Provision is made in the accounts in respect of those liabilities which
are likely to materialise after the period.end, till finalisation of
Accounts and have material effect on the position stated in the Balance
Sheet at the period end.
(ii) There is a Contingent Liability in respect of Bank Guarantees
issued to the NSCCL/BSE by Companys Bankers against which counter
guarantees have been furnished for Rs. 1100 Lacs (Previous Year Rs.1100
Lacs)
(iii) Claims against the company not acknowledged as debts Rs. 2.35
Lacs (Previous Year Rs. 5.00)
5. Sundry Creditors includes due to Group Companies Rs.Nil (Previous
Year: Rs.Nil ) Maximum amount outstanding at any time during the period
were Rs. 222.00 Lacs (Previous Year: Rs 159.00 Lacs).
6. Travelling Expenses includes Rs5.33 Lacs for Directors (Previous
Year Rs.3.88 Lacs).
7. The Business Segment has been considered as Primary Segment. The
Company primarily operates in business segment i.e, Share and Stock
broking and other related ancilliary services. The Company operates in
India and hence there are no reportable geographical segments.
8. Related Party Disclosure :
Information given below is only in respect of the transactions entered
into by the company during the year with related parties:- I)
Relationships:
(a) Subsidiaries Company (b) Other related parties where control
Exists
CIL Industries Limited
NIL CIL Financial Services Limited
CIL Finstocks (P) Limited
CIL Commodities (P) Limited
Piyush Stock Broking Services Pvt.Ltd
Piyush Crefinvest Pvt.ltd
Lotus Stock Markets Pvt.Ltd
(c) Key Managerial
Personnel (d) Relatives of Key Managerial Personnel
Shri K.K.Maheshwari Smt. Gita Devi Maheshwari
Smt. Pramila Maheshwari
Shri.Piyush Modi Shri.S.M.Agarwal
Smt.Chanda Agarwal Smt.Barkha Modi
9. There are no amounts payable to small-scale industrial undertaking
as at the balance sheet date. This Disclosure is based on the
information available with the Company. The Company has not received
any intimation from its vendors regarding their status under Micro,
Small and Medium Enterprises Development Act, 2006 and hence
disclosures, if any, required under the said Act have not been made.
10. Previous year figures have been regrouped / rearranged wherever
considered necessary
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