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Notes to Accounts of Mathew Easow Research Securities Ltd.

Mar 31, 2015

Not Available


Mar 31, 2014

A. CONTINGENT LIABILITIES not provided for in respect of

As at 31.3.2014 As at 31.3.2013

Un-expired bank Guarantee Rs.2,00,000/- NIL*

* The bank guarantee has expired but the lein on Term Deposit has not been released by the bank.

B. As the Company has no activities other than those of an Non-Banking Financial Company, the segment reporting under Accounting Standard 17 - "Segment Reporting" is not applicable. The Company does not have any reportable geographical segment.

C. There is no liability towards Gratuity, leave pay, PF, ESI and/or any other type of retirement benefits. Hence, the requirements prescribed under Accounting Standard-15 have not been complied.

D. Separate disclosures for the amount due to Small Scale Industrial undertakings under the head Current Liabilities/ Creditors could not be made as the Company does not posses the requisite information.

E. The Micro, Small and Medium Enterprises Development Act, 2006 mandates disclosure related to payment and accrual of interest on delayed payments to suppliers classified as Micro, Small and Medium Enterprises under the Act. The Company has not received intimation from any of its suppliers regarding the status of their registration under the said Act and hence separate disclosures could not be made.

F. Information given in accordance with the requirements of Accounting Standard-18 on Related Party Disclosures issued by Institute of Chartered Accountants of India:

List of Related Parties Nature of Relationship

i. Aditya Doshi Key Managerial Personnel

ii. Beda Nand Choudhary Key Managerial Personnel

iii. Mathew Easow Fiscal Services Ltd Company under common management

Note: Related party relationship is as identified by the Company and relied upon by the Auditors.

G. Previous year''s figures have been regrouped/rearranged where necessary to conform to this years'' classification.


Mar 31, 2013

A. There is no liability towards Gratuity, leave pay, PF, ESI and/or any other type of retirement benefits. Hence, the requirements prescribed under Accounting Standard-15 have not been complied.

B. Separate disclosures for the amount due to Small Scale Industrial undertakings under the head Current Liabilities/ Creditors could not be made as the Company does not posses the requisite information.

C. The Micro, Small and Medium Enterprises Development Act, 2006 mandates disclosure related to payment and accrual of interest on delayed payments to suppliers classified as Micro, Small and Medium Enterprises under the Act. The Company has not received intimation from any of its suppliers regarding the status of their registration under the said Act and hence separate disclosures could not be made.

Previous year''s figures have been regrouped/rearranged where necessary to conform to this years'' classification.


Mar 31, 2012

A. The tax expense for the year' comprising of the current tax and deferred tax is included in determining the net profit/loss for the year. Provision for the current tax is based on tax liability computed in accordance with relevant tax rates and tax laws. Provision on deferred tax is made for all timing differences arising between taxable incomes and accounting income at rates that have been enacted or substantively enacted as of the Balance Sheet date The breakup of Net Deferred Tax is as follows:

B. As the Company has no activities other than those of an Non-Banking Financial Company' the segment reporting under Accounting Standard 17 "Segment Reporting" is not applicable. The Company does not have any reportable geographical segment.

C information given in accordance with the requirements of Accounting Standard-18 on Related Party Disclosures issued by Institute of Chartered Accountants of India

List of Related Parties Nature of Relationship

i Beda Nand Choudhary Key Managerial Personnel

li Mathew Easow Fiscal Services Ltd Company under common management

Transaction with Related Parties Nil

D. There is no liability towards Gratuity' leave pay' PF' ESI and/or any other type of retirement benefits. Hence' the requirements prescribed under Accounting Standard-15 have not been complied.

E. Separate disclosures for the amount due to Small Scale Industrial undertakings under the head Current Liabilities/ Creditors could not be made as the Company does not posses the requisite information.

F. The Micro' Small and Medium Enterprises Development Act' 2006 mandates disclosure related to payment and accrual of interest on delayed payments to suppliers classified as Micro' Small and Medium Enterprises under the Act. The Company has not received intimation from any of its suppliers regarding the status of their registration under the said Act and hence separate disclosures could not be made.

G. Previous year's figures have been regrouped/rearranged where necessary to conform to this years' classification


Mar 31, 2010

A. Segment reporting as per Accounting Standard-17 is not relevant as the entire operations of the Company relates to only one segment i.e. Capital and Financial Markets and also the company did not have any overseas operations during the year.

B. Information given in accordance with the requirements of Accounting Standard-18 on Related Party Disclosures issued by Institute of Chartered Accountants of India:

List of Related Parties Nature of Relationship

I. Mathew Easow Chairman cum Managing Director

li. Valsa Mathew Director

iii. Bibhas Bangal Director

iv. Dilip Cherian Director

v. Shekhar Shukla Director

vi. Beda Nand Choudhary Director

vii. Mathew Easow Financial Services Proprietary concern of Managing Director

viii.Mathew Easow Fiscal Services Ltd Company under common management

ix. Cindy Marketing Private Limited Company under common management

x. Express Plastichem Limited Company under common management



C. There is no liability towards Gratuity, leave pay, PF, ESI and/or any other type of retirement benefits. Hence, the requirements prescribed under Accounting Standard-15 have not been complied.

D. Separate disclosures for the amount due to Small Scale Industrial undertakings under the head Current Liabilities/ Creditors could not be made as the Company does not posses the requisite information.

E, The Micro, Small and Medium Enterprises Development Act, 2006 mandates disclosure related to payment and accrual of interest on delayed payments to suppliers classified as Micro, Small and Medium Enterprises under the Act. The Company has not received intimation from any of its suppliers regarding the status of their registration under the said Act and hence separate disclosures could not be made.

F. The comparative figures of the previous year appearing in the financial statements have been audited by the Companys previous auditor M/s. S.P.Chatterjee & Co. .Chartered Accountants, Kolkata.

G. Previous years figures have been regrouped/rearranged where necessary to conform to this years classification.

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