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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.


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 ‘13 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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