Mar 31, 2015
1. Corporate information:
Gogia Capital Services Limited ("the Company") is engaged in the
business of share broking and also a Depository Participant. The shares
of the company are listed at Bombay Stock Exchange
2. Previous Year Figures
The financial statements for the year ended 31st March, 2014 had been
prepared as per then applicable, pre-revised schedule VI to the
Companies Act, 1956. Consequent to the notification of Revised
Schedule VI of the Companies Act, 1956, the financial statements for
the year ended 31st March,2015 are prepared as per revised Schedule VI.
Accordingly, the previous year figures have also been reclassified to
conform to this year's classification. The adoption of Revised ;
Schedule VI for previous year does not impact recognition and
measurement principles followed for preparation of financial
statements.
3. Use of estimates
The preparation of financial statements requires the management of the
company to make estimates & assumptions that effect the reported
amounts of incomes and expenses during the year and the reported
balances of assets and liabilities and . discloses relating to the
contingent liabilities as at the date of financial statements.
Examples of such estimates include employee benefits and provisions for
income taxes. Although these estimates are based on the management's
best knowledge of the current events and actions, uncertainty about
these assumptions and estimates could result in outcome requiring
adjustments in future.
4. SHARE CAPITAL
a. Terms/rights attached to equity issue
The company has only class of Equity Shares having a par value of Rs.10
per share. Each holder of Fully paid equity is entitled to one vote per
share. In the event of Liquidation of the Company, the holders of
Equity Shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts in proportion
to their shareholding. The distribution will be in proportion to the
number of equity shares held by the shareholders.
5. STOCK EXCHANGE MEMBERSHIP
The deposits made by the company with the National Stock Exchange of
India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the
membership of the exchange is considered as Loans & Advances.
6. Earnings in Foreign Currency were Nil and expenditure in foreign
currency on traveling was NIL.
7. Since the company is not a manufacturing company, information
required under clause 4C of Part-ll of schedule VI of the Companies
Act, 1956 has not been furnished.
8. CONTIGENT LIABILITES
As on 31.03.2015 As on 31.03.2014
Bank Guarantee 2000 Lacs 2000 Lacs
Underwriting commitment NIL NIL
9. RELATED PARTY TRANSATIONS
a) Subsidiary NIL
b) Associate/Joint Venture NIL
c) Key Management Personnel Satish Gogia - M.D.
d) Companies Controlled by Directors/Relatives NIL
* There is no provision for doubtful debts or amounts written off/back
during the year in respect of dues form or to related parties.
* The following transactions were carried out with the related parties
in the ordinary course of business
* Remuneration to Key Management Personnel - NIL
* Satish Gogia carried trading in Derivatives in his Account.
10. BUSINESS SEGMENT
The Operation of the company relates to only Stock Broking Services and
Depository Services.
11. Debit and credit balances of the various parties are subject to
confirmation.
12. The figures for the previous year have been rearranged/regrouped
wherever necessary so as make them comparable with current year.
Mar 31, 2014
1. STOCK EXCHANGE MEMBERSHIP
The deposits made by the company with the National Stock Exchange of
India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the
membership of the exchange is considered as Loans & Advances.
2. Earnings in Foreign Currency were Nil and expenditure in foreign
currency on traveling was NIL.
3. Since the company is not a manufacturing company, information
required under clause 4C of Part-ll of schedule VI of the Companies
Act, 1956 has not been furnished.
4. CONTIGENT LIABILITES
As on 31.03.2014 As on 31.03.2013
Bank Guarantee 2000 Lacs 2000 Lacs
Underwriting commitment NIL NIL
5. RELATED PARTY TRANSATIONS
a) Subsidiary NIL
b) Associate/Joint Venture NIL
c) Key Management Personnel Satish Gogia - M.D.
d) Companies Controlled by Directors/Relatives NIL
- There is no provision for doubtful debts or amounts written
off/back during the year in respect of dues form or to related parties.
- The following transactions were carried out with the related
parties in the ordinary course of business
- Remuneration to Key Management Personnel - NIL
- Satish Gogia carried trading in Derivatives in his Account.
6. BUSINESS SEGMENT
The Operation of the company relates to only Stock Broking Services and
Depository Services.
7. Debit and credit balances of the various parties are subject to
confirmation.
8. The figures for the previous year have been rearranged/regrouped
wherever necessary so as make them comparable with current year.
Mar 31, 2013
1. Corporate information:
Gogia Capital Services Limited ("the Company") is engaged in the
business of share broking and also a Depository Participant. The shares
of the company are listed at Bombay Stock Exchange
2. Previous Year Figures
The financial statements for the year ended 31s'' March, 2012 had been
prepared as per then applicable, pre-revised schedule VI to the
Companies Act, 1956, Consequent to the notification of Revised Schedule
VI of the Companies AC ,1956, the financial statements for the year
ended 31s'' March.2013 are prepared as per revised Schedule VI.
Accordingly, the previous year figures have alsc been reclassified to
conform to this year''s classification. The adoption of Revised Schedule
VI for previous year does not impact recognition and measu''ement
principles followed for preparation of financial statements.
3. Use of estimates
The preparation of financial statements requires the management of the
ccmpany to make estimates & assumptions that effect the reported
amounts of incomes and expenses during the year and the reported
balances of assets and liabilities and discloses relating to the
contingent liabilities as at the date of financial statements.
Examples of such estimates include employee benefits and provisions for
income taxes. Although these estimates are based on the management''s
best knowledge of the current events and actions, uncertainty about
these assumptions and estimates could result in outcome requiring
adjustments in future.
4 STOCK EXCHANGE MEMBERSHIP
The deposits made by the company with the National Stock Exchange of
India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the
membership of the exchange is considered as Loans & Advances.
5. Earnings in Foreign Currency were Nil, and expenditure in foreign
currency on traveling was NIL.
6. Since the company is not a manufacturing company, nformation
required under clause 4C of Part-II of schedule VI of the Companies
Act, 1956 has not been furnished.
7. CONTIGENT LIABILITIES
As on 31.03.2013 As on 31.03.2012
Bank Guarantee 2000 Lacs 1600 Lacs
Underwriting commitment NIL NIL
8. BUSINESS SEGMENT
The Operation of the company relates to only Stock Broking Services and
Depository Services.
9. Debit and credit balances of the various parties are subject to
confirmation.
10 The figures for the previous year have been rearranged/regrouped
wherever necessary so as make them comparable with current year.
Mar 31, 2010
1. NOTES TO THE ACCOUNTS FOREIGN CURRENCY TRANSACTIONS
(i) Earnings in Foreign Currency were Nil and expenditure in foreign
currency was Nil.
(ii) Since the company is not a manufacturing company, information
required under clause 4C of Part-ll of schedule VI of the Companies
Act, 1956 has not been furnished.
iii) CONTINGENT LIABILITES
As on 31.03.2010 As on 31.03.2009
Bank Guarantee 900 Lacs 900 Lacs
Underwriting commitment Nil Nil
v) QUANTITATIVE DETAILS
Quantitative Details of securities held as stock in trade : Nil
vii) DEFERRED TAXATION
Deferred tax resulting from timing differences between book profits and
tax profits is accounted for under the liability method, at the current
rate of tax, to the extent that the timing differences are expected to
crystallize.
viii) RELATED PARTY TRANSATIONS
a) Subsidiary Nil
b) Associate / Joint Venture Nil
c) Key Management Personnel Satish Gogia - M.D
d) Companies Controlled by Directors / Relatives Nil
- There is no provision for doubtful debts or amounts written off /
back during the year in respect of dues form or to related parties.
- The following transactions were carried out with the related parties
in the ordinary course of business.
- Remuneration to Key Management Personnel - Rs. 1,500,000/-
- Rent was paid to Satish Gogia.
- Satish Gogia carried trading in Derivatives in his Account.
ix) BUSINESS SEGMENT
The Operation of the company relates to only Stock Broking Services and
Depository Services.
x) Earning Per Share computed in accordance with Accounting Standard 20
issued by the Institute of Chartered Accountants of India.
xi) Debit and credit balances of the various parties are subject to
confirmation.
xii) The figures for the previous year have been rearranged / regrouped
wherever necessary so as make them comparable with current year.
Mar 31, 2009
I) SOFTWARE EXPENSES
The cost of software user licenses purchased is charged to revenue in
the year the software is acquired.Rs 500,000 has been carried over for
the next year as prepaid expenses.
ii) FOREIGN CURRENCY TRANSACTIONS
Earnings in Foreign Currency were Nil and expenditure in foreign
currency on traveling was Nil
iii) Since the company is not a manufacturing company, information
required under clause 4C of Part-ll of schedule VI of the Companies
Act, 1956 has not been furnished.
iv) RELATED PARTY TRANSATIONS
a) Subsidiary Nil
b) Associate/Joint Venture Nil
c) Key Management Personnel satish Gogia - M.D
d) Companies Controlled by Directors /
Relatives Nil
- There is no provision for doubtful debts or amounts written off/back
during the year in respect c dues form or to related parties.
- The following transactions were carried out with the related parties
in the ordinary course c business.
- Remuneration to Key Management Personnel - Rs. 1,875,000/-
- Rent was paid to Satish Gogia.
- Satish Gogia carried trading in Derivatives in his Account.
v) BUSINESS SEGMENT
The Operation of the company relates to only Stock Broking Services and
Depository Services.
vi) Debit and credit balances of the various parties are subject to
confirmation.
vii) The figures for the previous year have been rearranged /
regrouped wherever necessary so as make them comparable with current
year.
Signatures to Schedule 1 to 16 forming part of the financial statements
and to above notes.
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