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Notes to Accounts of Gogia Capital Services Ltd.

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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