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Notes to Accounts of D B (International) Stock Brokers Ltd.

Mar 31, 2015

Terms/Rights Attached to Equity Shares

The company has only one class of equity share having a par value of Rs. 2 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividend in Indian rupees.

During the year ended 31st March,2015 , no dividend is recognised as distributable to the equity shareholders

1. Employees Benefit

An amount of Rs.1423491/-has been ascertained by the management in respect of the gratuity and other employee''s benefit. As given in the accounting policy of the company, all such payments shall be made on due basis, hence is not provided for in the books of account.

2. Related Party Disclosure required as per Accounting Standard (AS-18) on "Related Party Disclosure" issued by the Institute of Chartered Accountants of India are as below:

Name of Related parties and description of relationship with whom transactions have taken place during the year:-

(a) Key Management Personnel:

Sh. Shiv Narayan Daga (Managing Director)

(b) Relative of Key Management Personnel:

Mrs. Sharda Daga

Mrs. Shikha Mundra

3. a) Contingent Liabilities not provided for in respect of :Guarantee issued by banks Rs. 72.50 Crores (PreviousYearRs. 67.00 Crores)

b) Loans and Advances, Debtors, Security Deposit and other assets have value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

c) The expenses incurred by branches have been incorporated in the respective heads of account.

d) The previous year figures have been reworked, regrouped, rearranged, reclassified wherever necessary. Amounts and other disclosures for preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amount and other disclosures relating to the current year.

e) There is unpaid amount of Rs. 4,60,535/- outstanding against Dividend declared for the financial year 2009-10,2010-2011 and 2011-12. The said balance is lying in titled "Indusind Dividend Account" with Indusind Bank. The said unpaid dividend is not reflected in the current liability and Bank balance in the figure of Current & previous Financial year.

f) Figures have been rounded off to the nearest rupee.

g) Note from 1 to 21 form an integral part of the accounts.


Mar 31, 2014

1. Employees Benefit

An amount of Rs.1248568/-has been ascertained by the management in respect of the gratuity and other employee''s benefit .As given in the accounting policy of the company, all such payments shall be made on due basis, hence is not provided for in the books of account.

2. Related Party Disclosure required as per Accounting Standard (AS-18) on "Related Party Disclosure" issued by the Institute of Chartered Accountants of India are as below:

Name of Related parties and description of relationship with whom transactions have taken place during the yearr-

(a) Key Management Personnel:

Sh. Shiv Narayan Daga ( Managing Director)

(b) Relative of Key Management Personnel: Mrs Shikha Daga

Mrs. Sharda Daga

3. GENERAL

a) Contingent Liabilities not provided for in respect of :Guarantee issued by banks Rs. 67.00 Crores (Previous yearRs. 53.00 Crores)

b) Loans and Advances, Debtors, Security Deposit and other assets have value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

c) The expenses incurred by branches have been incorporated in the respective heads of account.

d) The previous year figures have been reworked, regrouped, rearranged, reclassified wherever necessary. Amounts and other disclosures for preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amount and other disclosures relating to the current year.

e) There is unpaid amount of 7 460535/- outstanding against Dividend declared during the financial year 2009-10,2010-2011 and 2011-12, The said balance is lying in titled " Indusind Dividend Account" with Indusind Bank. The said unpaid dividend is not reflected in the current liability and Bank balance in the figure of Current & previous Financial year.

f) Figures have been rounded off to the nearest rupee.

g) Note from 1 to 22 form an integral part of the accounts.


Mar 31, 2013

1 Employees Benefit

An amount of Rs, 1,248,568/- has been ascertained by the management in respect of the gratuity and other employees benefit as given in the accounting policy of the company all such payments shall be made on due payment basis hence is not provided for in the books of account

2. Change in method of provision of Depreciation

There is charge in the method of providing depreciation from straight line method to written down value method during the current financial year accounting due to change in the method of providing depreciation the profit during the year may be excess with a sum of Rs.1,439,005/-.

3. Related party Disclosure as required as per Accounting standard (AS-18) on related party disclosure issued by the institute of chartered accountants of India are as blow.

(a) key Management personal

Sh.Shiv Narayan Daga (Managing Director)

(b) Relative of key Management personnel

Ms Shikha Daga

4 GENERAL

a) Contingent Liabilities not provided for in respect of:

Guarantee issued by banks Rs.53.00 Crores (Previous year 41.25 crores)

b) Loans and Advances: Debtors security Deposit and other assets have value on realization in the ordinary Amounts and other disclosures for preceding year are included as an integral part of the current year financial statement and are to be read in relation to the amount and other disclosures relating to the current year.

c) There is unpaid amount of Rs.4,60,577/- outstanding against Dividend declared during the financial year 2009-10 2010-2011 and 2011-12 The said balance is lying in titled inducing Divided Account with inducing Bank The said unpaid dividend is not reflected in the current liability and Bank balance in the figure of current & previous Financial year.

f) Figures have been rounded off to the nearest rupee.

g) Note from 1 to 23 from an integral part of the accounts.


Mar 31, 2012

1. Employees' Benefit

An amount of Rs. 11,76,857/- has been ascertained by the management in respect of the gratuity and other employee's benefit. As given in the accounting policy of the company, all payments shall be made on due basis, hence is not provided for in the books of account.

NOTES ON BALANCE SHEET AS AT 31st MARCH, 2012

2. GENERAL

a) Contingent liabilities not provided for in respect of:-

Guarantees issued by banks: Rs. 41.25 Crores (Previous year: 36.25 Crores)

b) Loans & Advances: Debtors, Security deposits and other assets have value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

c) The expenses incurred by branches have been incorporated in respective heads of account.

d) The previous figures have been reworked, regrouped, rearranged, reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amount and other disclosures relating to the current year.

e) Figures have been rounded off to the nearest rupee.

f) Schedules from 1 to 22 form an integral part of the accounts.


Mar 31, 2011

1. The previous figures have been reworked, regrouped, rearranged, reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amount and other disclosures relating to the current year.

2. Employees' Benefit

An amount of Rs. 10,95,035/- has been ascertained by the management in respect of the gratuity and other employee's benefit. A certificate to this effect has been obtained from Mr. Ashok Kumar Garg, a Fellow of Institute of Actuaries of India. As given in the accounting policy of the company all payments shall be made on due basis, hence is not provided for in the books of account.

3. GENERAL

a) Contingent liabilities not provided for in respect of:-

Guarantees issued by banks: Rs. 36.25 Crores (Previous year: 16 Crores)

b) Loans & Advances: Debtors, Security deposits and other assets have value on realization in the ordinary business at least equal to the amount at which they are stated in the Balance Sheet.

c) The expenses incurred by branches have been incorporated in respective heads of account.

d) Figures have been rounded off to the nearest rupee.

e) Schedules from 1 to 13 form an integral part of the accounts.

"As per our report of even date attached"

 
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