Notes to Accounts of My Money Securities Ltd.

Mar 31, 2018

NOTE 1:

CORPORATE INFORMATION

My Money Securities Limited is a public limited company and incorporated as under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchange (BSE Ltd.) Ahmadabad Stock Exchange, Delhi Stock Exchange and Jaipur Stock Exchange. The company is engaged in the business of dealing in shares & currency and acting as a Broker in the National Stock Exchange and Metropolitan Stock Exchange of India Ltd.

1.2 No shares out of the above were allotted for consideration other than cash in the last five years

1.3 All the shares issued carry equal voting rights

1.4 Details of Shareholders holding more than 5% of the Shares

NOTE 2:

RELATED PARTY DISCLOSURES KEY MANAGEMENT PERSONNEL

1. Sanjai Seth

2. Vikas Seth

OTHER RELATED PARTIES

1. Govind Narain Seth

The summary of transactions with above-mentioned parties is as follows:

NOTE 3:

CONTINGENT LIABILITIES a. Guarantees:

1. Bank Guarantee of Rs. 30,00,000/- is provided to National Stock Exchange (NSE) towards Base Capital. It is against 50% Margin including Fixed Deposits.

2. Bank Guarantee of Rs. 15,00,000/- is provided to Metropolitan Stock Exchange of India Ltd. towards base capital for currency segment. It is against 50% Margin including fixed deposits and shares.

3. Bank Guarantee of Rs. 10,00,000/- is provided to IL&FS Ltd. towards Margin Money Deposit for F&O Segment. It is against 50% Margin including shares.

NOTE 4:

PREVIOUS YEAR FIGURE

Previous years’ figures have been regrouped and re-arranged wherever necessary to make them comparable to the figures of the current year.

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Mar 31, 2016

NOTE : 2

CASH FLOW STATEMENT

Cash Flows are reported using the indirect method, whereas profit/(loss) before extraordinary items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipt or payments. The cash flow from operating, investing and financing activities of the Company are segregated based on the available information.

Nature of security and terms of repayment of Borrowings

Nature of security Terms of Repayment

ICICI Bank Ltd. car loan of Rs. 5,06,250/- {(year end balance Repayable in 60 equated monthly Rs. 479706/- (Previous year Rs. 67371 from Canada Bank for Installments of Rs. 10732 including Maruti Swift Dzire Car)} is secured by hypothecation of Maruti Interest from date of loan (1/12/2015) Ciaz car and personal guarantee of Director

The case has been settled by the Hon''ble Settlement Commission in favour of assesse, however income tax department has applied to Hon''ble Settlement Commission for rectification of said order.

(b) Guarantees

Bank Guarantee of Rs. 75,00,000/- is provided to National Stock Exchange (NSE) towards Base Capital. It is against 50% Margin including Fixed Deposit.

Bank Guarantee of Rs. 15,00,000/- is provided to Metropolitan Stock Exchange of India Ltd. (Formally known as MCX Stock Exchange Ltd.) towards Base Capital for currency segment. It is against 50% Margin including Fixed Deposit and shares.

Bank Guarantee of Rs. 10,00,000/- is provided to IL&FS Ltd. towards Margin Money Deposit for F&O Segment. It is against 50% Margin including Shares.

2. Balance of client and Loans and advances are subject to the confirmation /reconciliation. However in the opinion of the Management, all current assets, Loans and Advances are recoverable in the ordinary course of business and would be realized in due course.

3. Disclosures of Related Party transactions

Nature of Relationship Name of Party

A) Key Managerial Personnel Mr. Sanjai Seth

Mr. Vikas Seth

B) Transaction during the year

4. Segment Reporting: The Board of Directors of the company considers and maintains “Brokerage/Commission” as the only business segment of the Company; therefore no Segment Reporting has been presented in terms of Accounting Standard - 17 of “Segmental Reporting” issued by the ICAI.

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Mar 31, 2015

1. Cash Flows are reported using the indirect method, whereas profit/(loss) before extraordinary items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipt or payments. The cash flow from operating, investing and financing activities of the Company are segregated based on the available information.

2. CONTINGENT LIABILITIES

(a) No Provision has been made in the books of accounts by the company of the following demands has been raised by the Income Tax department.

Nature of the Authority & Assessment Total Payment Statute year Demand under protest

(Rs. In Lakhs) (Rs.In Lakhs)

Settlement Commission, The Income Tax Act, 1961 1999-2000 11.23 11.25

Settlement Commission, The Income Tax Act, 1961 2000-2001 11.53 11.54

Settlement Commission, The Income Tax Act, 1961 2001-2002 3.98 3.99

The case has been settled by the Hon'ble Settlement Commission in favour of assesse, however income tax department has applied to Hon'ble Settlement Commission for rectification of said order regarding Interest portion.

3. Guarantees

Bank Guarantee of Rs. 75,00,000/- is provided to National Stock Exchange (NSE) towards Base Capital. It is against 50% Margin including Fixed Deposit.

Bank Guarantee of Rs. 15,00,000/- is provided to MCX Stock Exchange towards Base Capital for currency segment. It is against 50% Margin including Fixed Deposit and shares.

Bank Guarantee of Rs. 10,00,000/- is provided to IL&FS Ltd. towards Margin Money Deposit for F&O Segment. It is against 50% Margin including Shares.

4. Balance of client and Loans and advances are subject to the confirmation /reconciliation. However in the opinion of the Management, all current assets, Loans and Advances are recoverable in the ordinary course of business and would be realized in due course.

5. Figures have been rounded off to the nearest rupees.

6. Previous year figure have been regrouped and rearrange wherever necessary to make them comparable with the figures of current year.

7. Notes 1 to 25 form an integral part of the Financial Statements as at 31st March, 2015 and have been authenticated as such.