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Notes to Accounts of CIL Securities Ltd.

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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