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Notes to Accounts of S P Capital Financing Ltd.

Mar 31, 2015

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 to the holders of equity shares in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

2. With regarding the realizable value of certain Securities held as stock in trade, which are non traded and the market value of the same is not available. The company is of the view that the realizable value would be higher than the cost and that if not so, the same would not be material and therefore no adjustment is required to the carrying cost of inventories.

3. Contingent Liability towards Income Tax is Rs.64,890/- (P.Y. Nil).

4. Other Information pursuant to the provisions of Schedule III of Companies Act, 2013 are either Nil or Not Applicable.

5. 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.

6. Information on related party transactions as required by Accounting Standard 18 issued by the Institute of Chartered Accounts of India for the year ended 31st March 2015.

a) Key Managerial Persons: Sureshchand P Jain

b) Companies/Firms over which the key Pride Hotels Ltd

Managerial Persons/ Relatives have Meena Invetment Corporation

significant Influence or control: Pride Builders LLP

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 not non-cancelable range between 8 months, 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:

(Rs. In Lacs)

PARTICLUARS 2014 - 2015 2013 - 2014

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 1,20,000 1,20,000

8. Figures of previous year are regrouped and reclassified as and when necessary.


Mar 31, 2013

Note 1 Contingent Liability is Nil (P.Y. Nil).

Note 2 Other Information pursuant to the provisions of Para 3 and 4 of Part-11 of Schedule Vi of Companies Act, 1956 (vide notification dated SO1" October, 1973 of the Department of Company Affairs, Government of India) are either Nil or Not Applicable.

Note 3 Information pursuant to Accounting standard 17: 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.

Relationship

a) Key Managerial Persons: Sureshchand P Jain

b) Relatives of Key Managerial Persons: Meena S Jain

Sureshchand Dhannalal HUF Satyen S Jain

Sureshchand Premchand HUF AP Jain family trust

c) Companies/Firms over which the key A.S.P.Enterprises Pvt Ltd Managerial Persons/ Relatives have Executive Hsg Finance Co Ltd significant Influence or control: Kopra Estate Pvt Ltd

Pride Builders Pvt. Ltd.

Pride Centre & Dev P Ltd

Pride Hotels Ltd

Pride Plaza (India) Pvt Ltd

Pride Network Pvt Ltd

Pride Paradise & Development P Ltd

Pride Realty Pvt Ltd

Pride Regency & Developers Pvt Ltd

Meena Invetment Corporation

S.P.Realtors Pvt Ltd

The Executive Inn Ltd

Pride Estate Pvt Ltd

Indralok Hotels P Ltd

S.P.Capital Consultants P Ltd

Jagson Hotels Pvt. Ltd.

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 not non-cancelable range between 8 months, 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 5 Figures of previous year are regrouped and reclassified as and when necessary.


Mar 31, 2012

1.1 There are no items for reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period.

1.2 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 to the holders of equity shares in Indian rupees. The dividend proposed by Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

1.3 There are no Bonus Shares /Buyback/Shares for consideration other than cash issued during past five years.

Note 2

Contingent Liability is Nil (P.V. Nil).

Note 3

The Company has not received any intimation from suppliers regarding their status under Mico, Small and Medium Enterprises Devlopment Act, 2006 and hence disclosures regarding :

a) Amount due and Outstanding as at the end of accounting year.

b) Interest paid during the year.

c) Interest payable at end of accounting year.

d) interest accrued and unpaid at the end of the accounting year, have not been given.

Note 4

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.

Note 5

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.

Note 6

Information on related party transactions as required by Accounting Standard 18," issued by the Institute of Chartered Accounts of India for the year ended 3151 March 2012.

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 not non-cancelable range between 8 months, 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

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 have 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.

Notes:

1. As defined in paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits(Reserve Bank) Directions. 1998.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial(Non-Deposit Accepting or holding)Companies prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of bebt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

 
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