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Notes to Accounts of Siddha Ventures Ltd.

Mar 31, 2014

1 RELATED PARTY DISCLOSURES

As per Accounting Standard 18, the disclosure of transaction with the related parties are given below

(i) List of related parties where control exists and related with whom transactions have taken place and relationships:

Name of the Related Party Relationship

CPL Securities Private Limited Common Director

Evernew Infracon Private Limited Subsidiary Company

(ii) Transactions during the year Amt. (Rs. in '' 000) with related parties:

Advances Taken 550

Investment made during the year 0

(iii) Balance as At 31st March ''2014

Advances Receivables -

Advances Payables 16,100

2 There is no amount outstanding as of small scale and ancillary undertakings.

The Company has not received any intimation from suppliers regarding status under MSME Act''2006 and hence disclosure regarding, if any amount unpaid as at the yearend together with interest paid/payable as required under the said Act has not been furnished.

3 Sundry Debtors

Sundry Debtors include Rs.804 thousands from Vasundhara Business (P) Ltd. confirmed by the concerned party and good in nature.

The inventories includes shares traded for unquoted as well as quoted companies and the unquoted shares are valued at

4 cost and quoted shares are valued at cost or market value, whichever is lower. Further, no shares were Traded during the period under audit.

5 Others Short Term Loans & Advances

Unsecured advances considered good, recoverable in cash or in kind or of value to be received includes (a) Rs.1,217 thousand due from an erstwhile director of the Company,Rs.500 Thousands from M/s. Gurunanak Construction Co. , Rs.1049 thousands from M/s K1C Resources Ltd., Rs.30,000 thousands from B.R. Machines Tools Private Limited were confirmed and good in nature and a sum of Rs.131 thousands from M/s. Kshitiz Agro Products (P) Ltd is due towards interest receivables.

6 Auditors Remuneration (Rs. in ''000)

Current Year Previous Year

Audit Fees 18 18

Tax Audit Fees 0 0

Certificates 9 7

Total 27 25

7 Employees Retirement Benefits

Liability for Gratuity has not been provided in the accounts considering the materiality. VRS, if paid, is charged to revenue in the year of payment.

8 The company is a member of OTC Exchange but no trading operation was carried out through the OTCEI.

9 Sale and purchase (if any) comprises sale and purchase price of the shares have been accounted for on accrual basis. Income from sale of un-quoted equity shares are recognised on the basis of sale bills. Other income includes income from dividend and interest incomes.

10 Segment Reporting

The primary segment of the Company mainly consists of investments & trading in quoted and unquoted equities, broking or sub-broking. The Company has not done any broking or sub- broking activity during the year under report. The Company operates only in India which is the only reportable geographical segment. There being no secondary reportable segments, no segmental information has been provided.

Notes on Financial Statements for the year ended 31st March, 2014

28 The Company has not obtained any deposits from public. Hence, provision for registration as NBFC as per Non Banking Financial Companies (RBI) Directions 1997, is not applicable.

11 Information required to be disclosed under the provisions of Note (1) of Part-I & 11 of Schedule VI to the Companies Act,1956 is as below :

12 Sundry Debtors

Sundry Debtors include Rs.804 thousands from Vasundhara Business (P) Ltd. confirmed by the concerned party and good in nature.

The inventories includes shares traded for unquoted as well as quoted companies and the unquoted shares are valued at

13 cost and quoted shares are valued at cost or market value, whichever is lower.

Further, no shares were Traded during the period under audit.

14 Others Short Term Loans & Advances

Unsecured advances considered good, recoverable in cash or in kind or of value to be received includes (a) Rs.1,217 thousand due from an erstwhile director of the Company,Rs.500thousands from M/s. Gurunanak Construction Co., Rs.l049thousands from M/s KIC Resources Ltd., Rs.30,000 thousands from B.R. Machines Tools Private Limited were confirmed and good in nature and a sum of Rs.l31 thousands from M/s. Kshitiz Agro Products (P) Ltd is due towards interest receivables.

15 Employees Retirement Benefits

Liability for Gratuity has not been provided in the accounts considering the materiality. VRS, if paid, is charged to revenue in the year of payment.

16 The company is a member of OTC Exchange but no trading operation was carried out through the OTCE1. As there is no trading terminal with the Company, the share trading operations were carried out with other broker member.

17 Sale and purchase comprises sale and purchase price of the shares have been accounted for on accrual basis. Income from sale of un-quoted equity shares are recognized on the basis of sale bills. Other income includes income from dividend and interest incomes.

18 Segment Reporting

The primary segment of the Company mainly consists of investments & trading in quoted and unquoted equities, broking or sub-broking. The Company has not done any broking or sub- broking activity during the year under report. The Company operates only in India which is the only reportable geographical segment. There being no secondary reportable segments, no segmental information has been provided.

19 The Company has not obtained any deposits from public. Hence, provision for registration as NBFC as per Non Banking Financial Companies (RBI) Directions 1997, is not applicable.


Mar 31, 2013

1 RELATED PARTY DISCLOSURES

Aa per Accounting Standard 18, the disclosure of transaction with the related parties are given below:- (i) List of related parties where control exists and related with whom transactions have taken place and relalioiwhipe:

Name of the Related Party Relationship

SIDDHA Real Estate Private Limited Common Director

CPL Securities Private Limited Common Director

Evernew bafrocon Private Limited Common Director

{ii) Transactions during the year with related parties: Amt. (Rs. in''000)

Advances Taken 21,400

Investment made during the year 98

(iii) Balance as At 31st March ''2013

Advances Receivables 2,750

Advances Payables 19,65

2 OTHER NOTES:

The Company has received an Order against its appeal pending before the Service Tax Department, Mumbai which raised a demand for Rv.283 thousands as Service Tax liability and same amount towards penalty and interest and disallowed all the documents and facts subrrartfd. by the Company- The company opted to make payment in respect of such demand raised by uio department.

3 There is no amount outstanding as of small scale and ancillary undertakings.

The Company has not received any intimation from suppliers regarding status under MSME Act*200G and hence disclosure regarding, if any amount unpaid as at the year end together with interest paid /payable as leqainsf under the said Act has not been furnished.

4 Sundry Debtors

Sundry Debtors include Rs-SCM thousands from Vasundhara Business (P) Ltd. confirmed by the concerned part}'' and good innature-

5 The inventories includes shares traded for untruoted as well as quoted companies and the unquoted shares are valued at cost and quoted shares are valued at cost or market value, which ever is fewer-

6 Others Short Term Loans & Advances

Unsecured advances considered good, recoverable in cash or in kind or of value to be received includes (a) Rs.1,217 thousand due from an erstwhile director of the Company,Rs-500lhcAisands from M/s. Gurunanak Construction Company.Rs.1049 thousands from M/s K1C Resources Ltd., Ks-30,000 thousands from B.R. Machines Took Private Limited were confirmed and good in nature, and a sum of Ks.131 thousands from M/s. Kshitiz Agro Products (P) Ltd is due towards interest receivables.

7 Employees Retirement Bervt-fila

liability for Gratuity has not been provided in the accounts considering the materiality. VfcS, if paid, is charged to revenue in the year of payment

8 The company is a snem^r of OTC Exchange but no trading operation was carried out through the OTCEL As there is no eroding terminal widi the company, the shore trading operations wwr carried out with other brofcer member.

9 Sale and purchase comprises of sale and purchase price of the shares have been acittunled tor on accrual basis. Income from sale of un-quoted equity shares are recognised on the bans of sale bills. Other income includes income from dividend and interest incomes.

10 Segment Reporting

The primary segment of the Company mainly consisls of investments & trading tn quoted and unquoted equities, broking or sub-broking. The Company has not done any broking or sub- broking actiVhy during the year under report. The Company operates only in India which is the only reportable geographical segment. There being no secondary reportable segments, no segmental information has been provided.

11 The Company has not obtained any deposits from public. Hence, provision for registration as NBFC as per Non Bonking Financial Companies (RBI) Directions 1997. is not applicable.

12 Information required to be d&iclowd under the provisions of Note (1) of Part-I & U of Schedule VI to the Companies Act,I956is as below:


Mar 31, 2012

1 CONTINGENT LIABILITY

Company has received an Order against an appeal pending before the Service Tax Department, Mumbai raised a demand for Rs. 283 thousands as Service Tax liability and same amounts towards penalty and interest and disallowed all the documents and facts submitted by the Company. The company is opted to take necessary steps in the matter to vacate the demand and as such no liability provided for in the accounts.

Liability in respect of income tax matter for which the company has succeeded in ITAT. There is no information whether any action thereof initialised against by the department.

2 There is no amount outstanding as of small scale and ancillary undertakings.

The Company has not received any intimation from suppliers regarding status under MSME Act'2006 and hence disclosure regarding, if any amount unpaid as at the year end together with interest paid/payable as required under the said Act has not been furnished.

3 Sundry Debtors

Sundry Debtors include Rs. 7076 thousands from M/s. Bela Properties (P) Ltd.,Rs. 804 thousands from Vasundhara Business (P) Ltd. confirmed by the concerned parties and good in nature.

4 The inventories includes shares traded for unquoted as well as quoted companies and the unquoted shares are valued at cost and quoted shares are valued at cost or market value, which ever is Lower.

5 Others Short Term Loans & Advances

Unsecured advances considered good, recoverable in cash or in kind or of value to be received includes (a) Rs. 1,217 thousand due from and erstwhile director of the company, Rs. 500 thousands from M/s. Gurunanak Construction Company, Rs. 1049 thousands fro M/s KIC Resources Ltd., Rs. 30,000 thousands from B.R. Machines Tools Private Limited were confirmed and good in nature, and a sum of Rs. 131 thousands from M/s. Kshitiz Agro Products (P) Ltd is due towards interest receivables.

6 Employees Retirement Benefits

Liability for Gratuity has not been provided in the accounts considering the materiality, VRS, if paid is charged to revenue in the year of payment.

7 The company is a member of OTC Exchange but no trading operation was carried out through the OTCEI. As there is no trading terminal with the company, the share trading operations were carried out with other broker member.

8 Sale and purchase comprise of sale and purchase price of the shares have been accounted for on accrual basis. Income from sale of un-quoted equity shares are recognised on the basis of sale bills. Other income includes income from dealing in property business. The Company has entered into an agreement with private limited companies to accomplish dealing into property business to earn income during the year under report.

9 Segment Reporting

The primary segment of the Company mainly consists of investments & trading in quoted and unquoted equities, broking or sub-broking. The company has not done any broking or sub- broking activity during the year under report. The Company operates only in India which is the only reportable geographical segment. There being no secondary reportable segments, no segmental information has been provided.

10 The Company has not obtained any deposits from public. Hence, provision for registration as NBFC as per Non Banking Financial Companies (RBI) Directions 1997, is not applicable.

 
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