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Notes to Accounts of Standard Capital Markets Ltd.

Mar 31, 2014

1. (a) Terms/rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value of Rs.10/- each. Each holder of Equity Shares is entitled to one vote per share. In the event of Liquidation of the company the holders of equity shares will be entitled to receive remaining assets of the company.

2. CONTINGENT LIABILITIES NIL (NIL)

3. Previous year''s figures have been regrouped or rearranged, wherever considered necessary.

4. In the opinion of directors, current assets and loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which these have been stated in the Balance Sheet.

5. Foreign Currency Exposures

The yearend Foreign Currency Exposure is given below:

I) Expenditure in Foreign Currency Rs. NIL (NIL)

II) Earnings in Foreign Currency Rs. NIL (NIL)

6. The Company has not provided for the Employees Benefits as on the date of the Balance Sheet. In the opinion of the management, no provision is required for employees'' benefits, as at present consolidated salaries are being paid to employees and there are no retirement benefit plans. Moreover, there is no employee who has rendered service to qualify for payment under Gratuity Act. The necessary policies will be made in due course and the accounting for the same will be done as per applicable accounting standard (AS-15) notified by the ICAI.

7. To the extent information available with the company, it has not dues to Micro, small and Medium Enterprises as on 31.03.2014 and 31.03.2013

8. Related Parties Disclosures

The Related Parties disclosure and transactions with them during the year in the ordinary course of business are as follow:

Key Management Personnel

* Narender Kumar Arora * Durga Prasad Sharma

* Vijay Sehgal * Kapoor Chand Gupta

List of Related Parties

* Hari Creations Private limited

* Standard Securities & Investment Intermediates ltd

* ADL international Ltd

* Akar Share Intermediates Pvt. Ltd.

* India Cotvel Ltd

* Madhu Vij

* Sarvodya Realmart Pvt. Ltd.

* Sarvodya Realcon Pvt .Ltd.

9. Segment Reporting

In the opinion of the management, there are no separate reportable segments as per Accounting Standard (AS-17) of Segment Reporting.

10. The parties'' accounts, whether in debit or credit, are subject to confirmation.


Mar 31, 2013

1. CONTINGENT LIABILITIES NIL

2. Previous year''s figures have been regrouped or rearranged, wherever considered necessary

3. In the opinion of directors, current assets and loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which these have been stated in the Balance Sheet.

4. Foreign Currency Exposures

The yearend Foreign Currency Exposure is given below:

I) Expenditure in Foreign Currency Rs. NIL

II) Earnings in Foreign Currency Rs. NIL

5. The Company has not provided for the Employees Benefits as on the date of the Balance Sheet. In the opinion of the management, no provision is required for employees'' benefits, as at present consolidated salaries are being paid to employees and there are no retirement benefit plans. Moreover, there is no employee who has rendered service to qualify for payment under Gratuity Act. The necessary policies will be made in due course and the accounting for the same will be done as per applicable accounting standard (AS-15) notified by the ICAI.

6. The Company has started the process of identification of Parties, whether they come under the purview of The Micro, Small And Medium Enterprise Development Act,2006, However, as on date, the company doesn''t have the sufficient information to comply with the disclosure requirement of the Act.

7. Deferred Tax Liability/Asset

As required by Accounting Standard (AS-22) '' Taxes on Income'' issued by the ICAI, the Company has recognized deferred taxes, which result from timing difference between book profits and tax profits. The Deferred Tax Asset (Net) as on 31.03.2013 is as under:

8. Related Parties Disclosures

The Related Parties disclosure and transactions with them during the year in the ordinary course of business are as follow:

Key Management Personnel

Narender Kumar Arora

Durga Prasad Sharma

Vijay Sehgal

KapoorChand Gupta

List of Related Parties

Parthy & Widge Securities Ltd.

Hari Creations Private limited

Standard Securities & Investment Intermediates ltd

ADL international Ltd

Akar Share Intermediates Pvt. Ltd. Geeta Arora ArpitArora Madhu Vij

Sarvodya Realmart Pvt. Ltd. Transactions with the Related Parties during the year and balance as 31.03.2013

Nature of transaction Amount (Rs. Lacs) Balance as on 31.03.13

- Loans Returned from Parties 27,64,000/- 24,06,431/-

- Loans Returned to Parties 9,44,525/-

- Interest Earned 2,41,537/-

9. Segment Reporting

In the opinion of the management, there are no separate reportable segments as per Accounting Standard Segment Reporting (AS-17)

10. The parties'' accounts, whether in debit or credit, are subject to confirmation.


Mar 31, 2012

1. CONTINGENT LIABILITIES NIL(NIL)

2. Previous year's figures have been regrouped or rearranged' wherever considered necessary

3. In the opinion of directors' current assets and loans and advances have a value on realization in the ordinary course of the business at least equal to the amount at which these have been stated in the Balance Sheet.

4. Foreign Currency Exposures

The year end Foreign Currency Exposure are given below:

I) Expenditure in Foreign Currency Rs. NIL (NIL)

II) Earnings in Foreign Currency Rs. Nil (NIL)

5. The Company has not provided for the Employees Benefits as on the date of the Balance Sheet. In the opinion of the management' no provision is required for employees' benefits' as at present consolidated salaries are being paid to employees and there are no retirement benefit plans. Moreover' there is no employee who has rendered service to qualify for payment under Gratuity Act. The necessary policies will be made in due course and the accounting for the same will be done as per applicable accounting standard (AS-15) notified by theICAI.

6. The Company has started the process of identification of Parties' whether they come under the purview of The Micro' Small And Medium Enterprise Development Act'2006' However' as on date' the company doesn't have the sufficien 9. Segment Reporting

In the opinion of the management' there are no separate reportable segments as per Accounting Standard Segment Reporting (AS-17)

7. The parties' accounts' whether in debit or credit' are subject to confirmation.


Mar 31, 2010

A) The Previous years figures have been reworked, regrouped and reclassified wherever necessary. Accordingly, amounts and other disclosures for the preceding year are included as and integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

b) Disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

c) Income from Operation Includes Income from Interest on Loans of Rs. 26,36,386/- (Previous Year Rs. 23,14,888/-)

d) No Provision for gratuity has been made as no employee has put in the qualifying period of services for entitlement of this benefit.

e) No Provision for Bonus has been made as Company is not covered under the payment of Bonus Act.

f) According to the information available with the company, there is no micro small and medium enterprise to which the company owes any sum together with the interest outstanding for more than thirty days.

g) During the financial year 1997-98, the company had filed a criminal suit against an employee for an alleged infidelity by the employee for a sum of Rs. 20.22 Lacs. As the insurance cover was available only for Rs. 10.00 Lacs, the Insurance company has repudiated the claim and the company has filed an appeal in the consumer forum. The same was not provided and shall be accounted for only when the claim is finally settled by the consumer forum.

h) In the opinion of the management, the current assets, loans and advances have a value on realization on the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and that all the known liabilities relating to the period have been provided for.

i) The aggregate market value of Companys Stock in trade is Rs. 7,14,957/- (Previous Year Rs. 16,04,783/-)

j) Listing Fee from the Financial Year 2009-10 pertaining to Jaipur Stock Exchange has not been provided.

k) CIF Value of Imports NIL

l) Expenditure incurred in Foreign Currency NIL

m) There is no employee in receipt of remuneration aggregating to not less than Rs. 2, 00,000/- p.m. if employed for a part of the year, or Rs. 24, 00,000/- p.a., if employed for full year.

n) The deferred tax asset/liabilities have not been recognized. This is in accordance with Accounting Standard (AS-22) "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India.

o) Schedule 1 to 10 and company general business profile are integral part of the Balance Sheet and Profit & Loss Account.

 
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