Home  »  Company  »  P H Capital Ltd.  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of P H Capital Ltd.

Mar 31, 2015

1.1 Terms/rights attached to shares

The company has only one class of equity shares having a par value of Rs, 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. the distribution will be in proportion to the number of equity shares held by the shareholders.

2.1 Secured by Hypothecation of a Car to ICICI Bank Ltd.

2.2 Car Loan from Bank amounting to Rs, 4,87,053/- (P.Y. Rs, 12,68,053/-) repayable in 60 monthly installments (including interest) of Rs, 71,715/- per month, commencing from 15/12/2010, last installment due in 01/11/2015 i.e. 8 installments from the close of this financial year. The rate of interest is 8.75% per annum fixed.

2.3 Installment falling due within a year in respect of above aggregating to Rs, 4,87,053/- (P.Y. Rs, 7,12,725/-) have been grouped under " Current Maturity of Long Term Debt" (refer Note No.8)

3.1 Loan from Financial Institution is Secured by pledge of Approved Scripts as per approved list of securities.

3.2 Loan from Financial Institution amounting to Rs, 5,57,19,369/- (P.Y. Rs, 2,18,01,672/-) is sanctioned for a validity period up to 31/03/2016(P.Y.31/12/2015) or earlier, either repayable on demand or as per the convenience of the company. The rate of interest is 12% per annum fixed.

3.3 Loan from Related party amounting to Rs, 77,898,748/- (P.Y. Rs,54,661,224/-) is repayable on demand or as per the convenience of the company. The rate of interest is 8% per annum fixed.

Note 4 a) Contingent Liability:

Claims against the company not acknowledged as debts in respect of relief towards Matters pending in appeals with Income tax authorities for Rs, 25, 61,046 /- (Previous Year Rs, 25, 61,046/ -). It is not practicable to the Company to estimate the timing of case outflow, if any in respect of the above pending resolution of the respective proceedings.

b) Other pending litigations:

The Company has Advanced certain sum of money outstanding as on 31.03.2015 at Rs, 2,30,000/

- (P.Y. Rs, 3,55,000/-) The Company has reached an out of Court settlement in regards to the said litigation toward reverie of Principal, Interest thereon and damages aggregating to Rs, 22,70,000/

- but the same has not been honored till date. Consequently provision of doubtful debts already created in earlier year is still carried forward and no Income is recognized on account of uncertainty prevailing as on date.

Note 5 Information pursuant to Accounting standard 17:

The Company is mainly engaged in the business of Trading of shares and securities in India. All the activity of the Company revolved around the main object and as such, in the opinion of the management, there is no separate reportable segment.

Note 6 Related party Transaction as per Accounting Standard 18:

Related party disclosures as required by Accounting Standard 18," Related party disclosures" are given below

i) Relationships :

(A) Enterprise on which major Shareholders Exercises Significant Influence i) Finco Capital Management Pvt. Ltd. (Finco Securities Pvt. Ltd.)

ii) Prahar Financial Consultant Management Services Pvt. Ltd. iii) Ruby Muiltimedia Pvt. Ltd.

(B) Key Management Personnel : i) Rikeen P. Dalal

Note 7 Information (to the extent applicable) pursuant to AS 19 :

The Company's significant leasing arrangements are in respect of operating leases for Office premises. These leasing arrangements which are cancelable range between 4-5 years, or longer, and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent under schedule E.

The particulars of these leases are as follows:

P. H. CAPITAL LIMITED

Particulars

Future Minimum lease payments obligation on

non-cancelable operating leases :

Not later than one year

Later than one year and not later than five years.

Later than five years

Lease payments recognized in Profit & Loss Account

Note 8 Earnings per share as per Accounting Standard 20:

Profit/(Loss) attributable to the Shareholders Equity share of Rs, 10/- each (Nos.) Basic / Diluted Earnings Per share (Rs,)

Note 9 Figures of Previous year are regrouped and reclassified wherever necessary.


Mar 31, 2014

1. Terms/rights attached to shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. the distribution will be in proportion to the number of equity shares held by the shareholders.

2. I) Secured by Hypothecation of a Car to ICICI Bank Ltd.

II) Car Loan from Bank amounting to Rs. 12,68,051/- (P.Y. Rs. 19,83,250/-) repayable in 60 monthly installments (including interest) of Rs. 71,715/- per month, commencing from 15/12/2010, last installment due in 01/11/2015 i.e. 20 installments from the close of this financial year. The rate of interest is 8.75% per annum fixed.

3. During the previous year, the Company has reviewed the Differed Tax Liability on Timing difference based on Written Down Values of Fixed Assets as against the Provision of Differed Tax based on the Depreciation for the year.

4. I) Loan form Financial Institution is Secured by pledge of Approved Scripts as per approved list of securities.

II) Loan from Financial Institution amounting to Rs. 2,18,01,672/- (P.Y. Rs. 1,06,428/-) is sanctioned for a validity period upto 31/12/2014 or earlier, either repayable on demand or as per the convenience of the company. The rate of interest is 12% per annum fixed.

Note: The company does not have any dealings with any enterprise under the Micro, Small and Medium Enterprises Development Act, 2006.

Note 5 Contingent Liability:

Claims against the company not acknowledged as debts in respect of relief towards Matter pending with Income tax authorities for Rs. 25,61,046 /- (Previous Year Rs. 25,61,046/-)

Note 6 Information pursuant to Accounting standard 17:

The Company is mainly engaged in the business of Trading of shares and securities in India. All the activity of the Company revolved around the main object and as such, in the opinion of the management, there is no separate reportable segment.

Note 7 Information (to the extent applicable) pursuant to AS 19 :

The Company''s significant leasing arrangements are in respect of operating leases for Office premises. These leasing arrangements which are cancelable range between 4-5 years, or longer, and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent under schedule E.

Note 8 Other Information pursuant to the provisions of Para 3 and 4 of Part-II of Schedule VI of Companies Act, 1956 ( vide notification dated 30th October, 1973 of the Department of Company Affairs, Government of India) are either Nil or Not Applicable.

Note 9 Figures of Previous year are regrouped and reclassified wherever necessary.


Mar 31, 2013

Note 1 Contingent Liability:

Claims against the company not acknowledged as debts in respect of relief towards Matter pending with Income tax authorities for Rs. 25,61,046 /- (Previous Year Rs. 25,61,046/-)

Note 2 Information pursuant to Accounting standard 17:

The Company is mainly engaged in the business of Trading of shares and securities in India. All the activity of the Company revolved around the main object and as such, in the opinion of the management, there is no separate reportable segment.

Note 3 Related party Transaction as per Accounting Standard 18:

Related party disclosures as required by Accounting Standard 18," Related party disclosures" are given below

i) Relationships :

(A) Enterprise on which major Shareholders Exercises Significant Influence

i) Finco Capital Management Pvt. Ltd. (Finco Securities Pvt. Ltd.)

ii) Prahar Financial Consultant Management Services Pvt. Ltd.

iii) Ruby Muiltimedia Pvt. Ltd.

(B) Key Management Personnel : i) Rikeen P. Dalal

Note 4 Information (to the extent applicable) pursuant to AS 19 :

The Company''s significant leasing arrangements are in respect of operating leases for Office premises. These leasing arrangements which are cancelable range between 4-5 years, or longer, and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent under schedule E. The particulars of these leases are as follows:

Note 5 Other Information pursuant to the provisions of Para 3 and 4 of Part-II of Schedule VI of Companies Act, 1956 ( vide notification dated 30th October, 1973 of the Department of Company Affairs, Government of India) are either Nil or Not Applicable.

Note 6 Figures of Previous year are regrouped and reclassified wherever necessary.


Mar 31, 2012

1.1 Terms/rights attached to shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, the distribution will be in proportion to the number of equity shares held by the shareholders.

1.2 Car Loan from Bank amounting to Rs.26,38,711/- (P.Y. Rs.32,39,415/-) repayable in 60 monthly installments (including interest) of Rs. 71,715/- per month, commencing from 15/12/2010, last installment due in 15/10/2015 i.e. 44 installments from the close of this financial year. The rate of interest is 8.75% per annum fixed.

2. Contingent Liability:

Claims against the company not acknowledged as debts in respect of relief towards Matter pending with Income tax authorities for Rs. 25,61,046/- (Previous Year Rs. 25,61,046/-)

3. Information pursuant to Accounting standard 17:

The Company is mainly engaged in the business of Trading of shares and securities in India. All the activity of the Company revolved around the main object and as such, in the opinion of the management, there is no separate reportable segment.

4. Related party Transaction as per Accounting Standard 18:

Related party disclosures as required by Accounting Standard 18," Related party disclosures" are given below

i) Relationships :

(A) Enterprise on which major Shareholders Exercises Significant Influence ,

i) Finco Capital Management Pvt. Ltd. (Finco Securities Pvt. Ltd.)

ii) Prahar Financial Consultant Management Services Pvt. Ltd.

iii) Ruby Multimedia Pvt. Ltd.

5. Information (to the extent applicable) pursuant to Accounting Standard 19 :

The Company's significant leasing arrangements are in respect of operating leases for Office premises. These leasing arrangements which are cancelable range between 4-5 years, or longer, and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent under schedule E.

6. Other Information pursuant to the provisions of Para 3 and 4 of Part-II of Schedule VI of Companies Act, 1956 (vide notification dated 30th October, 1973 of the Department of Company Affairs, Government of India) are either Nil or Not Applicable.

7. The Financial statements for the year ended March 31,2011 had been prepared as per the then applicable, pre-revised schedule VI to the Companies Act 1956, the financial statements for the year ended March 31,2012 are prepared as per Revised Schedule VI. Accordingly, the previous year figure has also been reclassified to conform to this year's classification. The adoption of Revised Schedule VI for the previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.


Mar 31, 2010

1. Previous Years figures have been regrouped / rearranged wherever necessary.

2. Contingent Liability:

Claims against the company not acknowledged as debts in respect of relief towards Matter pending with Income Tax Tribunal for Rs. 25 Lacs. (Previous Year Rs. 25 Lacs.)

3. The company does not have any dealings with any enterprise under the Micro, Small and Medium Enterprises Development Act, 2006.

4. Fixed assets include office premises in Mumbai held in 50% co-ownership which is in possession with the Court Receiver, Mumbai in view of ongoing litigation matters.

5. Auditors Remuneration

6. Other Information pursuant to the provisions of Para 3 and 4 of Part-ll of Schedule VI of Companies Act, 1956 (vide notification dated 30th October, 1973 of the Department of Company Affairs, Government of India) are either Nil or Not Applicable.

7. In the opinion of the management the company is mainly engaged in the business of Capital Market Activities and all other activities of the Company revolve around the main business, and as such, there are no separate reportable segments.

8. Related party disclosures:

Related party disclosures as required by Accounting Standard 18,* Related party disclosures" are given below i) Relationships:

(A) Enterprise on which major Shareholders Exercises Significant Influence

i) Finco Capital Management PvLLtd.

S) Prestige Reality Pvt. Ltd.

i) Prahar Financial Consultant Management Services Pvt. Ltd.

iv) Ruby Multimedia Pvt. Ltd.

(B) Key Management Personnel:

i) Rikeen P. Dalai

ii) Tej P.Dalal

(C) Relative of key Management Personnel:

i) Sejal R.Dalai

ii) Rikeen P. Dalal -HUF

9. Major components of deferred tax assets and liabilities arising on account of timing differences are:

Note: DeferredTaxAssets on loss carried forward of the previous year is not recognized in absence of certainty about future taxable profits.

10. Additional information pursuant to the provisions of Part IV of Schedule VI to the Companies * Act 1956. BALANCE SHEET ABSTRACT AND COMPANYS GENERAL BUSINESS PROFILE

V. Generic Names of Three Principal Products/Services of Company (As per monetary terms)

Item Code No. Not Applicable

Product Description Not Applicable

 
Subscribe now to get personal finance updates in your inbox!