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  Â
Later than one year and not
later than five years. Â Â
Later than five years  Â
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.
Mar 31, 2010
Background
Almondz Capital & Management Services Limited ("ACMS" or "the Company")
is a company, The company was incorporated in the year 1991. The
company is presently listed on the BSE and DSE. The company got
registered as NBFC with RBI dated 07-10-2008. The company is in the
business of non banking financial services.
1. Corporate Guarantee issued in favour of Axis Bank Limited for Rs.
30,50,00,000/- for various bank limits granted to Almondz Global
Securities Limited.
2. Hitherto the company was providing the depreciation on Written Down
Value method. In order to bring the method of depreciation in line with
the subsidiary company, the company changed the method of providing
depreciation from Written Down Value (WDV) to Straight Line Method
(SLM) effective inception. Consequently the accumulated depreciation
has been re-computed and the excess amount of Rs. 3,78,749/- upto
31-03-2009 has been reversed to the credit of Profit & Loss account.
Due to such change, the profit for the year, Reserve & Surplus and Net
Block of Fixed Assets as at close of the financial year are more to
that extent.
3. Provision for Tax
b) Current Tax :
The provision for current tax has been arrived at after taking into
account the brought forward depreciation losses to the extent available
for set off, and the other exemptions, deductions and disallowances of
certain expenditure under the Income Tax Act, as may be applicable, on
the assumption that same would be available in the case of the company.
4. Gratuity and leave benefit plans : (AS 15 Revised)
The company has a defined benefit gratuity plan. The present value of
obligation is determined based on actuarial valuation using the
projected unit method, which recognizes each period of service as
giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The
obligation of leave encashment is recognized in the same manner as
gratuity.
Notes :
a) Primary Business Segments : The Companys business segments have
been classified as above. This business segregation forms the basis for
review of operating performance by the management.
b) Fees and Commission activities comprises of broking / commission /
underwriting / arranger fees mainly in the nature of services involving
no or negligible financial risk.
c) Income from Investments and trading comprises of dividend received
on shares, interest on Fixed Deposits, Profit on trading activities,
Profit on sale of Investment & Interest on loan.
d) The accounting policies of the segments are the same, to the extent
possible, as those described in the summary of significant accounting
policies as referred to in Schedule Ã13 to the accounts.
5. Related Party Disclosures :
A) Names of related parties & description of relationship :
(i) Subsidiaries :
(Entities with which control relationship exists)
a) M/s Almondz Global Securities Ltd.
b) M/s Moon Orchid Housing Private Limited
c) M/s Meadow Real Estate Private Limited
d) M/s Almondz Insurance Brokers Pvt. Ltd.
e) M/s Almondz Re-insurance Brokers Pvt. Ltd.
f ) M/s Almondz Finanz Limited
g) M/s Almondz Commodities Pvt. Ltd.
h) M/s Almondz Retail Equity Limited
(ii) Associates :
a) M/s Innovative Money Matters Pvt. Ltd.
b) M/s Shivaz Spas & Hospitality Pvt Ltd.
(iii) Key Managerial Personnel :
a) Mr. Ramesh Peer - Managing Director
6. The Ministry of Micro, Small and Medium Enterprises has issued an
Office Memorandum dated 26 August 2008 which recommends that Micro and
Small Enterprises should mention in their correspondence with their
customers the Entrepreneurs Memorandum number as allocated after filing
of the Memorandum. Based on information received and available with the
Company, there are no amounts payable to Micro and Small Enterprises as
at 31 March 2010.
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