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Notes to Accounts of Munoth Capital Market Ltd.

Mar 31, 2015

1. Rights, preferences and restrictions attached to shares

Equity Shares: The company has one class of equity shares having a par value of Rs.5 per share. Each shareholder Is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

2. Deferred tax arising on account of timing differences and which are capable of reversal in one or more subsequent periods is recognised

3. The disclosure under Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 is not applicable to the company as it is neither a trading nor a manufacturing company and accordingly do not have any such suppliers

4. CONSOLIDATED FINANCIAL RESULTS

Consolidated Financial Statements forming part of accounts with the auditors report thereon are attached herewith.

5. CONTINGENT LIABILITIES NOT PROVIDED FOR (Rs.in Lacs)

31.03.2015 31.03.2014

a) Estimated amount of contracts remaining to be executed on capital account NIL NIL

b) Claims against company not acknowledge as debts NIL NIL

6. Foreign Exchange earnings and out-go is Rs. NIL NIL

7. SEGMENT REPORTING:

Segment Reporting as defined in Accounting Standard 17 is not applicable as the company is primarily engaged in Broking services in capital market.

8. Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party

Disclosure" issued by the Institute of Chartered Accountants of India

I. List of Related Parties with whom transaction have taken place during the year:

a) Wholly owned Subsidiary Company

Munoth Retail Private Ltd.

b) Associate companies where director or relatives of director are interested

(i) Munoth Investment & Finance & Co. Pvt. Ltd.

(ii) Munoth Finance & Leasing Ltd

c) Key management Personnel

(i) Shantilal M Jain

(ii) Siddharth S Jain

(iii) Mukesh Patel

d) Affiliate of Subsidiary Company

(i) Deepkala Collection

9. In the absence of confirmation from parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, short term or long term Loans and Advances, Current or Non current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

10. Previous year figures have been regrouped / rearranged wherever necessary.


Mar 31, 2014

1 CONSOLIDATED FINANCIAL RESULTS

Consolidated Financial Statements forming part of accounts with the auditor’s report thereon are attached herewith.

2 CONTINGENT LIABILITIES NOT PROVIDED FOR :- (Rs.in Lacs)

31.03.2014 31.03.2013

a) Estimated amount of contracts remaining to be executed on capital account NIL NIL

b) Claims against company not acknowledge as debts NIL NIL

3 Foreign Exchange earnings and out-go is Rs NIL NIL

4 SEGMENT REPORTING:

Segment Reporting as defined in Accounting Standard 17 is not applicable as the company is primarily engaged in Broking services in capital market.

5 Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure" issued by the Institute of Chartered Accountants of India

I. List of Related Parties with whom transaction have taken place during the year:

a) Wholly owned Subsidiary Company Munoth Retail Private Ltd.

b) Associate companies where director or relatives of director are interested

(i) Munoth Investment & Finance & Co. Pvt. Ltd

(ii) Munoth Finance & Leasing Ltd

c) Key management Personnel

(i) Shantilal M Jain

(ii) Siddharth S Jain

(iii) Mukesh Patel

d) Affiliate of Subsidiary Company Deepkala Collection

6 In the absence of confirmation from parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, shod term or long term Loans and Advances. Current or Non current Assets, if realized in the ordinary course of business, have the value at which they are ''stated in the Balance Sheet.

7 Previous year figures have been regrouped / rearranged wherever necessary.


Mar 31, 2013

1 CONTINGENT LIABILITIES NOT PROVIDED FOR

(Rs.in Lacs)

31.03.2013 31.03.2012 a) Estimated amount of contracts remaining to be executed on capital account NIL NIL

b) Claims against company not acknowledge as debts NIL NIL

2 Foreign Exchange earnings and out-go is Rs. NIL NIL

3 SEGMENT REPORTING:

Segment Reporting as defined in Accounting Standard 17 is not applicable as the company is primarily engaged in Broking services in capital market.

4 Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure" issued by the Institute of Chartered Accountants of India

I. List of Related Parties with whom transaction has been taken place during the year:

a) Key management Personnel (i) Shantilal M Jain

(ii) Siddharth S Jain

(iii) Mukesh Patel

b) Associate companies where director or relatives of director are director

(i) Munoth Investment & Finance & Co.Pvt. Ltd. (ii) Munoth Finance & Leasing Ltd (iii) Munoth Retail Private Ltd.

5 In the absence of confirmation from parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, short term or long term Loans and Advances, Current or Non current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

6 Previous year figures have been regrouped / rearranged wherever necessary.


Mar 31, 2010

1. CONTINGENT LIABILITIES NOT PROVIDED FOR (Rs.in Lacs) 31.03.2010 31.03.2009

3) Estimated amount of contracts remaining to be executed on capital account Nil Nil

b) Claims against company not acknowledge as debts Nil Nil

2. Foreign Exchange earnings and out-go Is Rs Nil (P.Y Nil)

3. SEGMENT REPORTING:

Segment Reporting as defined In Accounting Standard 17 is not applicable as the company Is primarily engaged in Broking services in capital market

4. Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure" issued by the Institute of Chartered Accountants of India

I. List of Related Parties:

a) Key management Personnel

(i) Shantilal M Jain

(ii) Siddharth S Jain

b) Associate Companies

(i) Anima Investment Ltd.

(ii) Munoth Finance & Leasing Ltd

(iii) Munoth Investment & Finance Co. Pvt. Ltd

(iv) Devang Estate & Finance Co Pvt Ltd

(V) Symphony Investment Pvt Ltd

(vi) Silvercrad Investment Pvt Ltd

5. In the absence of confirmation from parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books In the opinion of the Directors, Loans and Advances and Current Assets, if realized in the ordinary course of business have the value at which they are stated in the Balance Sheet

6. The current tax liability is adjustable against earned forward MAT credit for earlier years u/s 115JB of the Income Tax Act, 1961, hence no provision for current tax liability is made in the bocks of accounts

7. Previous year figures have been regrouped / rearranged wherever necessary,

 
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