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Notes to Accounts of Sarthak Global Ltd.

Mar 31, 2015

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Mar 31, 2014

1 Corporate Information

Sarthak Global Limited (the Company) is a Listed Public Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company earned major income from the business of Investments & trading in securities & rendering services as share transfer agent during the year.

2 Previous year figures have been regrouped or rearranged wherever necessary to confirm to current years, classification and make them comparable

3 In the opinion of the board, all Current Assets, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

4 Intimation have not been received from any "Supplier" regarding their status under the Micro, Small and Medium Enterprises Act 2006 and hence following information is treated as NIL

(a) the principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of The Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year.

(c) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act 2006.

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and

(e) the amount of further interest, remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006.

5 As per Accounting standard 18, the disclosures of transactions with the related parties as defined in the Accounting standard are given below:-

(i) List of related parties where control exists and related parties with whom transaction have taken place and relationship


Mar 31, 2013

1. Share Capital

(a) Shares held by shareholder holding more than 5% share in the company.

(b) Reconciliation of outstanding shares at the beginning and at the end of the reprting period.

(c) Terms/rights attached to equity 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. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts in proportion to there shareholding.

2. Long-term borrowings

There is no condition specified for repayment of loan and hence there is no continuing default in repayment.

3. NON-CURRENT INVESTMENTS

(Other than trade, at cost unless otherwise stated)

The provision for diminution in value of investment of Rs. 3343074 was recognised during the year and charged to the reserve and surplus. However, the provision was not made for investments as at 31/03/2012.

4. Previous year figures have been regrouped or rearranged wherever necessary to confirm to current year''s, classification and make them comparable.

5. In the opinion of the board, all Current Assets, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

6. Intimation have not been received form any "Supplier" regarding their status under the Micro, Small and Medium Enterprises Act 2006 and hence following information is treated as NIL.

(a) the principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each accounting year.

(b) The amount of interest paid by the buyer in terms of section 16 of The Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year.

(c) The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act 2006.

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and

(e) The amount of further interest, remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006.

7. As per Accounting standard 18, the disclosures of transactions with the related parties as defined in the Accounting standard are given below:-

(i) List of related parties where control exists and related parties with whom transaction have taken place and relationship:-

Name of the Related Parties

A. Relation

Key Management Personnel: Shri M.P. Kothari

Mr. V.K. Gupta

Shri S.R. Rathi

B. Relatives of Key Management Personnel with whom there was transaction during the year: Nil.

C. Enterprises over which Key Managerial personnel are able to exercise significant influence:

Shahra Securities Pvt. Ltd.

Teej Impex Pvt. Ltd.

Vishal Victory Metal Engg Pvt. Ltd.

Suman Agritech Private Limited

8. The Company''s sole business segment is business of Investments and trading in securities rendering services as share transfer agent.

A. The Company is organized in to following business segments:-

(a) Investments and trading in securities.

(b) Service charges received from the services rendered as share transfer agent.

(c) Others comprising of receipts from interest etc. Not reportable being less than required percentage as per Accounting standard 17.

B. The company is catering to the domestic market and it does not have revenue from overseas operation. Therefore according to the management, the disclosure for secondary Segments under Accounting standard 17 is not applicable to the company.


Mar 31, 2012

1 Corporate Information

Sarthak Global Limited (the Company) is a Listed Public Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It is an listed company, The company earned major income from the business of Investments fie trading in securities & rendering services as share transfer agent during the year for first time.

(a) Terms/ rights attached to equity 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. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts in proportion to there shareholding.

2 Previous year figures have been regrouped or rearranged wherever necessary to confirm to current year''s, classification and make them comparable

3 In the opinion of the board, all Current Assets, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

4 The balances of Debtors, Creditors, Advances and Liabilities are subject to confirmation and consequential adjustment, if any.

5 Intimation have no. been received form any "Supplier" regarding their stefos unde, the Micro, Small and Medium Enterprises Ac. 2006 and hence following information is treated as NIL

(a) the principal amount and the interest due thereon remaining unpaid to any 1 supplier as at the end of each accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of The Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to die supplier beyond the appointed day during each accounting year.

(c) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act 2006.

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and

(e) the amount of further interest, remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006.

6 The Company''s sole business segment is trading of

A. The Company is organized in to following business segments: -

(a) Investments and trading in securities

(b) Service charges received from the services rendered as share transfer agent.

(c) Others comprising of receipts from interest etc. Not reportable being less than required percentage as per Accounting standard 17.

B. The company is catering to the domestic market and it does not have revenue from overseas operation. Therefore according to the management, the disclosure for secondary Segments under Accounting standard 17 is not applicable to the company.


Mar 31, 2011

1 In the opinion of the Board, current assets, loans and advances have value on realization in the ordinary course of business at least equal to the amounts at which they are stated and that the provision for known liabilities is adequate and not in excess of the amount reasonably necessary

2 Employees Provident Fund Act and Employees Slate Insurance Act are not applicant i.e. to the company. Hence no provision has been made.

3 Amount remained outstanding at the end of the year from debtors, creditors, unsecured loans and other parties (advance) have not been confirmed by them in-spite of adequate efforts.

4 As per Accounting standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below:-

(i) List of related parties where control exists and related parties with whom transaction eave taken place and relationship:-

Name of the Related Parties

Disclosures of transactions between the company and related parties and status of outstanding balances as (previous year figures in bracket)

5 Intimation have not been received from any "Supplier" regarding their status under the Micro, Small and Medium Enterprise Act 2006 and hence following information is treated as NIL

(a) the principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year.

(c) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Reprises Development Act

(d) the amount of interests accrued and remaining unpaid at the end of each accounting year

(e) the amount of further Interest, remaining due and payable even in the succeed years, until such date when the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006

6. Segment Reporting:-

A. The Company is organized in to following business segments:-

(a) Investments and trading in securities

(b) Service charges received from the services rendered as share transfer agent.

(c) Others comprising of receipts from interest etc. Not reportable being less than required percentage as per Accounting standard 17.

B. The company is catering to the domestic market and it does not have revenue from overseas operation. Therefore according to the management, the disclosure for secondary Segments under Accounting standard 17 is not applicable to the company.


Mar 31, 2010

1 In the opinion of the Board, current assets, loans and advances have value on realisation in the ordinary course of business at least equal to the amounts at which they are stated and that the provision for known liabilities is adequate and not in excess of the amount reasonably necessary

2 Employees Provident Fund Act and Employees State Insurance Act are not applicable to the company. Hence no provision has been made.

3 Amount remained outstanding at the end of the year from debtors, creditors, unsecured loans and other parties (advance) have not been confirmed by them in-spite of adequate efforts.

4 The partnership firm named as SUNRISE EXPORTS of which the company was acting as a partner has been dissolved during the current financial year.

5. Segment Reporting:-

A. The Company is organized in to following business segments: -

(a) Investments and trading in securities

(b) Service charges received from the services rendered as share transfer agent.

(c) Others comprising of receipts from interest etc. Not reportable being less than required percentage as per Accounting standard 17.

B. The company is catering to the domestic market and it does not have revenue from overseas operation. Therefore according to the management, the disclosure for secondary Segments under Accounting standard 17 is not applicable to the company.