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Notes to Accounts of Saraswati Commercial (India) Ltd.

Mar 31, 2014

1 Corporate information

The Company is RBI Registered Non Banking Financial Company (Non Deposit taking) engaged in the business of investment and trading in shares and securities & Lending Activities.

For the year ended For the year ended Note Particulars 31 March, 2014 31 March, 2013

Rs Rs 1.1 Contingent liabilities and commitments (to the extent not provided for)

(i) Contingent liabilities

Income Tax (AY. 2010-2011) 385884 385884

1.2 Trade Receivable, Loans and Advances and Unsecured Loans are subject to confirmation.

1.3 Employee Benefit Plans

A) As number of employees working in company are less than Ten, Gratuity provisions as per Accounting Standard 15 issued by Institute of Chartered Accountant of India does not apply to company .

B) The company has made provision for Leave Salary on the actual balance leaves of the emplyees at year end at the basic salary of the employees for the month of March 2014.

1.4 Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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 the Non-Banking Financial 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 debts. 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 column (4) above.

4 Current Investment in NBFC Report includes Stock in Trade of Shares Shown as "Inventories" in the Balance Sheet.

5 Long Term Investnent in NBFC Report includes Investment Shown in the Balance Sheet as "Non - Current Investment & Current Investment (being part of Non Current Investment maturing in One year from the date of Balance Sheet)"


Mar 31, 2013

1 Corporate information

The Company is RBI Registered Non Banking Financial Company (Non Deposit taking) engaged in the business of investment in shares and securities & Lending Activities.

2.1 Stock in Trade of shares is valued at cost price instead of at scrip wise lower of cost or Net Realisable Value as per Accounting Standard 13 issued by the Institute of Chartered Accountants of India. Had it been valued at lower of cost or market value Profit for the year would have been lower by Rs. 144520.50 (Previous Year Rs. 144520.50) & stock in trade would have been lower by Rs. 1,44,520.50 (Previous Year Rs. 1,44,520.50)

2.2 Trade Receivable, Loans and Advances and Unsecured Loans are subject to confirmation.

2.3 Employee Benefit Plans

A)Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained.

B) The company has made provision for leave Salary on the actual balance leaves of the employees at year end at the basic salary of the employees for the month of March 2013.

The Company has recognised deferred tax asset on unabsorbed depreciation to the extent of the corresponding deferred tax liability on the difference.

2.4 Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2012

1 Corporate information

The Company is RBI Registered Non Banking Financial Company (Non Deposit taking) engaged in the business of investment in shares and securities & Lending Activities.

Rights of Equity Shareholders

The Company has only one class of Equity Shares having par value of Rs.10. Each holder of equity shares is entitled to one vote per share.In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount.

For the year ended For the year ended Note Particulars 31 March, 2012 31 March, 2011 Rs. Rs.

2.1 Contingent liabilities and commitments (to the extent not provided for)

(i) Contingent liabilities

Income Tax (AY. 2010-2011) 385884 -

2.2 Expenditure in foreign currency NIL NIL

Earnings in foreign exchange NIL NIL

2.3 Stock in Trade of shares is valued at cost price instead of at scrip wise lower of cost or Net Realisable Value as per Accounting Standard 13 issued by the Institute of Chartered Accountants of India. Had it been valued at lower of cost or market value Profit for the year would have been lower by Rs. 144520.50 (Previous Year Rs. 144520.50) & stock in trade would have been lower by Rs. 1,44,520.50 (Previous Year Rs. 1,44,520.50)

2.4 Trade Receivable, Loans and Advances and Unsecured Loans are subject to confirmation.

2.5 Employee Benefit PlansGratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained. In the opinion of management, company is not liable to make provision of gratuity as on balance sheet date, none of the employees are associated with company for more than five year.

The Company has recognised deferred tax asset on unabsorbed depreciation to the extent of the corresponding deferred tax liability on the difference between the book balance and the written down value of fixed assets under Income Tax (or) The Company has recognised deferred tax asset on unabsorbed depreciation and brought forward business losses based on the Management's estimates of future profits.

2.6 Previous year's figures

The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2011

1. Earning & Expenditure in Foreign Currency is Nil.

2. Related Party Information:

i) Relationships:

a) Key Management Personnel : - Shri Harisingh Shyamsukha - Director

- Shri Umaidmal Kala - Director

- Shri Anilkumar Rajan - Director

b) Individual owning directly ordirectly an : - Shri Ashwin Pannalal Kothari interest in the voting - Smt. Meena Kothari power that gives them control - Shri Rohit Kothari or significant influence.

c) Relative of individual in (b) above : - Niyati. P. Mehta

- Smt. Tejal Kothari

d) Associate Concerns : - Aroni Commercials Limited

- Arcies Laboratories Ltd.

- Antique Stock Broking Ltd

- Antique Finance Private Limited

- Antique Finsec Pvt Ltd

- Antique Wealth Advisor Pvt Ltd

- Antique Capital Markets Pvt Ltd

- Arkaya Commercials Pvt. Ltd.

- Better Time Realtors P Ltd

- Geecee Business Pvt Ltd (Formerly known as Ananya Online IT Designs Pvt Ltd)

- GeeCee Ventures Ltd.

- GTZ (Bombay) Pvt. Ltd.

- Grey River Energy Pvt Ltd

- GeeCee Investments Ltd (Formerly known as Jacqart Financial Services Ltd.)

- Four Dimensions Securities (India) Ltd.

- Four Dimensions Capital Markets Pvt. Ltd.

- Four Dimensions Commodities Pvt.Ltd.

- Mahotsav Trading & Finance Pvt. Ltd.

- Newage Dyes & Chemicals Pvt Ltd

- Rohit Financial Services

- Red Stocks Realtors Pvt Ltd

- Sam Jag-Deep Investments Pvt Ltd

- Sareshwar Trading and Finance Pvt. Ltd.

- Urudavan Investment and Trading Pvt. Ltd

- Vidushan Commercial & Investment Pvt Ltd

- Windsor Trading and Finance Pvt.Ltd.

- Winro Commercial (India) Ltd

3. Stock in Trade of shares is valued at cost price instead of at scrip wise lower of cost or market value as per Accounting Standard 13 issued by the Institute of Chartered Accountants of India. Had it been valued at lower of cost or market value Profit for the year would have been lower by Rs. 144520.50 (Previous Year Rs. 144520.50) & stock in trade would have been lower by Rs. 1,44,520.50 (Previous Year Rs. 1,44,520.50)

4. Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained. In the opinion of management, company is not liable to make provision of gratuity as on balance sheet date none of the employees are associated with company for more than five year.

5. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured Loans are subject to confirmation.

6. Balance Sheet abstract and Company's general business profile as required in Part IV of Schedule VI of the Companies Act, 1956 are as under:

I. Registration Details

Registration No. U51909MH1983PTC166605

State Code 11

Balance Sheet Date 31.03.2011

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

7. Previous year figures have been re-grouped or re-arranged wherever deemed necessary.


Mar 31, 2010

1. Earning & Expenditure in Foreign Currency is Nil.

2. Related Party Information: i). Relationships:

a) Key Management Personnel : Shri Harisingh Shyamsukha - Director

Shri Umaidmal Kala - Director

Shri Anil Kumar Rajan - Director

b) Individual owning directly or : Ashwin Kumar Kothari

directly an interest in the voting Meena Kothari

power that gives them control or Rohit Kothari significant influence.

c) Relative of individual in (b) above : Niyati. P. Mehta

Tejal R. Kothari

a) d) Associate Concerns :

Four Dimensions Securities (India) Ltd.

Four Dimensions Capital Markets Pvt. Ltd.

Antique Stock Broking Ltd

Antique Finance Private Limited

Antique Wealth Advisors Pvt Ltd

Antique Capital Markets Pvt Ltd

Antique Finsec Pvt. Ltd.

Ananya Online IT Designs Pvt Ltd

Arkaya Commercials Pvt. Ltd.

Aroni Commercials Limited

Arcies Laboratories Ltd.

Better Time Realtors Pvt. Ltd

Four Dimensions Commodities Pvt. Ltd.

Geecee Ventures Ltd.

(Previously known as Gwalior I

Chemical Industries Ltd)

GTZ (Bombay) Pvt. Ltd.

Grey River Realtors Pvt Ltd

Jacqart Financial Services Ltd.

Mahotsav Trading & Finance Pvt. Ltd.

Neptune Light Realtors Pvt Ltd

New Age Dyes and Chemicals Pvt Ltd

Rohit Financial Services

Red Stocks Realtors Pvt Ltd

Sam Jag-Deep Investment Pvt Ltd

Sareshwar Trading and Finance Pvt. Ltd.

Urudavan Investment and Trading Pvt. Ltd.

Vidushan Commercial & Investment Pvt. Ltd

Windsor Trading and Finance Pvt. Ltd.

3. Stock in Trade of shares is valued at cost price instead of at scrip wise lower of cost or market value as per Accounting Standard 13 issued by the Institute of Chartered Accountants of India. Had it been valued at lower of cost or market value Profit for the year would have been lower by Rs. 144520.50 (Previous Year Rs. 1,45,056.00) & stock in trade would have been lower by Rs. 1,44,520.50 (Previous Year Rs. 1,45,056.00)

4. Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained. In the opinion of management, company is not liable to make provision of gratuity as on balance sheet date of the employees are associated with company for more than five year.

5. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured Loans are subject to confirmation.

 
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