Home  »  Company  »  Market Creators  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Market Creators Ltd.

Mar 31, 2014

The previous period figures have been regrouped /reclassified, wherever necessary to conform to the current period presention following amended schedule VI of the Companies Act 1956.

1. No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs.2.00 Lacs per month.

2. In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

3. The information under clauses 3, and 4 part-M of schedule VI of the Companies Act, 1956 are given to the extent applicable.

4. The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting."

5. Related Party Disclosure (as required by AS-18)

a List of Related Parties

(a) Associates and relatives (b) Key Management Personnel

J. Harklsondas & Co Dr. Jayantilal H.Shah - Whole time Director

Mani Market Creators Ltd Mr. Rashmikant Acharya - Whole time Director

H.D.Shah (HUF) Mr. Kalpesh J.Shah - Whole time Director

J. H.Shah (HUF) Mrs.Neela J. Shah Mr. Bhadra S. Shah

K. J. Shah (HUF) Mrs. Bins Acharya Mr. Kamlesh Bhagat

Y. H.Shah Mrs.Vaishali Mrs .Mita N. Shah K. Shah

Y. H. Shah (HUF) Ms. Priyanka Mr. Shailesh Acharya H. Shah

Y. Y. Shah Mr. Sanjay Christy


Mar 31, 2013

The Company has only one class of shares refered to as equity shares having a par value Rs. of 10/-. Each holder of equity shares is entitled to one vote per share. There are no any change (i.e. issue of shares, Bought back, etc.) in number of shares at the beginning and at the end of the year.

In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on year end. Hence provision for deferred taxes are made at the end of the year.

1.1 Other non current assets includes miscellaneous expenditure to the extent not written off.

1.2

No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs.2r00 Lacs per month.

1.3

In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

1.4

The information under clauses 3, and 4 part-ll of schedule VI of the Companies Act, 1956 are given to the extent applicable.

1.5

The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting.


Mar 31, 2012

The previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period presentation following amended schedule VI of the Companies Act 1956.

1.1 SHARE CAPITAL

Particular As at 31 March 2011 2012 2011 Authorised

Equity Shares of 10 each 100,00,000(Previous year 1,00,00,000 equity shares 10,00,00,000 10,00,00,000

Issued Subscribed and paid up Equity Shares of 10 each 49,98,762 (Previous year 49,98,762) equity shares 4,98,87,620 4,99,87,620

Subscribed but not fully paid up Equity Shares of 10 each, 2.5 each paid up 3,095 3,095 1,238 (Previous year 1,238) equity shares

Total 4,99,90,715 4,99,90,715

The Company has only one class of shares referred to as equity shares having a par value of 10/- Each holder of equity shares is entitled to one vote per share. There are no any change (i.e. issue of shares, Bought back, etc.) in number of shares at the beginning and at the end of the year.

Shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares are as follows.

Name of Shareholder Equity Shares As at 31 March As at 31 March 2011 No. of %of No. of % of Shares Holding held Shares Holding held

Dr. Jayantilal H Shah (Chairman) 21,19,491 42.40 20,57,352 41.16

Mr. Rashmikant Acharya 13,38,200 (Whole Time Director) 26.77 13,38,200 26.77

1.2 RESERVES AND SURPLUS

Amt. in Particular As at 31 March, 31 2012 2011

Surplus

Opening balance 60,95,426.68 51,54,327.97 ( ) Net Profile/(Net Loss)

For the current 2,90,991.03 9,41,098.71

In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on 31.03.2012.

1.3 TRADE PAYABLES

1.4 OTHER CURRENT LIABILITIES

1.5 SHORT TERM PROVISIONS

1.6 Fixed Assets: See next page

1.7 Non current Investment 1.8 No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs 2.00 Lacs per month.

1.9 In the opinion of the Board, loans and advances and current assets are of the value stated, if realized in the ordinary course of business.

1.10 The information under clauses 3,and 4part -ii schedule vi of the Companies Act, 1956 are given to the extent applicable.

1.11 The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting.


Mar 31, 2010

4. Particulars of expenditure incurred on employees who were in receipt of remuneration which in the aggregate was not less than Rs.24.00 Lacs per annum or Rs.2.00 Lacs per month.

No. of employees None

i) Salaries Nil

ii) Other perquisites Nil

2. Auditors Remuneration:

2009-10(Rs.) 2008-2009(Rs.)

(a)As an auditor 15,000.00 10,000.00

(b)In any other matter Nil Nil

3. In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

4. The information under clauses 3, and 4 part-II of schedule VI of the Companies Act, 1956 are given to the extent applicable.

5. Disputed Income Tax demand in respect of appeals has been filed : NIL

6. Previous Years figures have been regrouped and rearranged wherever necessary.

7. DEFERRED TAX

(a) In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on 31.03.2010.

8. The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting."

Find IFSC