Home  »  Company  »  Rajkot Investment Tr  »  Quotes  »  Notes to Account
Enter the first few characters of Company and click 'Go'

Notes to Accounts of Rajkot Investment Trust Ltd.

Mar 31, 2013

1. Segment Reporting

Based on the guiding principles given in Accounting Standard on 'Segment Reporting issued by The Institute of Chartered Accountants of India the Company's primary business segments are Share Trading & Investment.

2. All purchases of shares , debentures or bonds by the company are with a view of Investment(except those shown as for trading) in accordance with the Main objects of the company.

(i) Purchases of Investments include those in which the concerned scrips were not invariably transferred in the name of the Company, irrespectively of whether the same were subsequently sold.

(ii) For verification of investments as on 31-3-2013.

In the case of those scrips for which the concerned certificates duly transferred in the name of the company are not available with the company, purchase bills have been relied upon by the auditors.

3. There was no employee of the company who was in receipt of or entitled to receive emoluments in the aggregate at a rate of Rs. 25,000/- or more per month.

4. Balance confirmation of sundry debtors, sundry creditors, Advances recoverable are not obtained and are subject to confirmation.

5. Investment hedge (Net) in the Profit & Loss Account represent, settlements by way of price difference on purchases and sales (of shares and other scrips) as per brokers/parties bills.

6. In the case of market value of listed shares in investment whenever the quotation of any share as on 31st March 2013 has not been available, the earlier quotation available has been taken as market value.

7. Unclaimed dividend of Rs.24805/- is held in a separate Banking account(though not opened for the purpose) and no due amount is yet transferred to Government.

8. The Company is presently categorized as NBFC (Investment Co.) and not holding Public Deposits. However, during the year under audit, Company has not maintained dual criteria of asset income pattern. The Company has applied for decategorisation as the Company is purely a trading Company and dealing in Shares only without holding any Public Deposits.

9. Previous year figures have been regrouped whenever necessary


Mar 31, 2012

1. All purchases of shares, debentures or bonds by the company are with a view of Investment(except those shown as for trading) in accordance with the Main objects of the company.

(i) Purchases of Investments include those in which the concerned scrips were not invariably transferred in the name of the Company, irrespectively of whether the same were subsequently sold.

(ii) For verification of investments as on 31-3-2012.

In the case of those scrips for which the concerned certificates duly transferred in the name of the company are not available with the company, purchase bills have been relied upon by the auditors.

2. There was no employee of the company who was in receipt of or entitled to receive emoluments in the aggregate at a rate of Rs. 25,000/- or more per month.

3. Balance confirmation of sundry debtors, sundry creditors, Advances recoverable are not obtained and are subject to confirmation.

4. Investment hedge (Net) in the Profit & Loss Account represent, settlements by way of price difference on purchases and sales (of shares and other scrips) as per brokers/parties bills.

5. In the case of market value of listed shares in investment whenever the quotation of any share as on 31st March 2012 has not been available, the earlier quotation available has been taken as market value.

6. Unclaimed dividend of Rs.26,590/- is held in a separate Banking account(though not opened for the purpose) and no due amount is yet transferred to Government.

7. Previous year figures have been regrouped whenever necessary


Mar 31, 2011

1. Segment Reporting

Based on the guiding principles given in Accounting Standard on 'Segment Reporting issued by The Institute of Chartered Accountants of India the Company's primary business segments are Share Trading & Investment.

Financial information about the primary business segments are presented in the table given below:

2. All purchases of shares , debentures or bonds by the company are with a view of Investment(except those shown as for trading) in accordance with the Main objects of the company.

(i) Purchases of Investments include those in which the concerned scrips were not invariably transferred in the name of the Company, irrespectively of whether the same were subsequently sold.

(ii) For verificatin of investments as on 31-3-2013.

In the case of those scrips for which the concerned certificates duly transferred in the name of the company are not available with the company, purchase bills have been relied upon by the auditors.

3. There was no employee of the company who was in reciept of or entitled to receive emoluments in the aggregate at a rate of Rs. 25,000/- or more per month.

4. Balance confirmation of sundry debtors, sundry creditors, Advances recoverable are not obtained and are subject to confirmation.

5. Investment hedge (Net) in the Profit & Loss Account represent, settlements by way of price difference on purchases and sales (of shares and other scrips) as per brokers/parties bills.

6. In the case of market value of listed shares in investment whenever the quotation of any share as on 31st March 2013 has not been available, the earlier quotation available has been taken as market value.

7. Unclaimed dividend of Rs.24805/- is held in a separate Banking account(though not opened for the purpose) and no due amount is yet transferred to Government.

8. The Company is presently categorised as NBFC (Investment Co.) and not holding Public Deposits.However, during the year under audit, Company has not maintained dual criteria of asset income pattern. The Company has applied for decategorisation as the Company is purely a trading Company and dealing in Shares only without holding any Public Deposits.

9. Previous year figures have been regrouped whenever necessary

Find IFSC

News
Company News
Page Not Found, Goodreturns.in
Page not found

The page you requested cannot be found. The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.

Please try the following:

  • If you typed the page address in the Address bar, make sure that it is spelled correctly.

  • Open the Money homepage and look for links to the information you want.

  • Use the navigation bar to find the link you are looking for.

  • Click the "Back" button to try another link.