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Notes to Accounts of Systematix Corporate Services Ltd.

Mar 31, 2014

NOTE : 1

CONTINGENET LIABILITIES

Contingent Liabilities on account of 1075000000 1085000000 Guarantees given to

banks on behalf of Group Companies

Total 1075000000 1085000000

NOTE : 2 Figures for the previous year have been re-grouped wherever necessary, to conform to Current year classification.


Mar 31, 2013

1). Related Party Transactions:

I) Names of Transacting Related Parties

A) Wholly Owned Subsidiaries

- gystematix Fincorp India Limited

- Systematic Fin vest Private Limited

B) Subsidiary Company

- Systematic Shares & Stocks (I) Limited

C) Step Subsidiary

- Systematise Commodities Services Private Limited

- Systematix Distributions Services Pvt Limited

D) Associate and Group Companies

- Systematix Capital Services Private Limited

- Ceepenk Real E&Ute Limited

- Rangsharda Properties Private Limited

- Shubham Mangalam Real Estate Pvt Limited

- Snehavardhini Properties Pvt Limited

- Tek Point Properties Private Limited

- Fuiisign Real Estate Pvt Limited

- Superstar Exports Private Limited.

- Topcity Trading Company Private Limited

- Riteplaza Trading Company Private Limited

- Magicline Trading Company Private Limited

- Goldflag Exports Private Limited

- Goldlife Trading C om pany Private Lira

- Thirdwave Mercantile Company Private Limite

- SQL Star International Limited

- Shiv Shakti Real Estate Pvt Limited

- Management Company Pvt. Limited

- Nikunj Mercantile Private Limited

- Siena Infotainment Pvt limited

- Southern Wind farm Limited

- Unicorn infra projects and Estates Pvt limited

- DDPL Giobal Infrastructure Pvt Limited

- Skittish Realtors Pvt Umiled

- Perspire Buiiders & Developers Pvt limited


Mar 31, 2012

1) Contingent Liabilities:

Contingent Liabilities on account of Guarantees given to banks o behalf Group Companies 885000000 875000000 37950

2) Related Party Transactions:

I) Names of Transacting Related Parties

A) Wholly Owned Subsidiaries

- Systematix Fincorp India Limited

- Systematix Finvest Private Limited

B) Subsidiary Company

- Systematix Shares & Stocks (I) I imitate

- Systematix Commodities Services Private Limited

C) Associate and Group Companies

- Systematix Capital Services Private Limited

- CEEPEEK Real Estate Limited

- Rangsharda Properties Private Limited

- Shubhamangalam Real Estate Limited

- Snehavardhini Real Estate Limited

- Tek Point Properties Private Limited

- Funsign Real Estate Limited

- Superstar Exports Private Limited.

- Topcity Trading Company Private Limited

- Riteplaza Trading Company Private Limited

- Magicline Trading Company Private Limited

- Goldflag Exports Private Limited

- Goldline Trading Company Private Limited

- Third wave Merchantville Company Private Limited

- SQL Star International Limited

- Shivsakthi Real-estate Limited

- Southern Wind Farm Limited

- Nikunj Mercantile Private Limited

Entities where Control Exists

- Mahesh C Solanki & Co

Key Manageriul Personnel Mr.C.P.Khandelwal

Mr.Kamesh Kaizada

3. The Financial Statements for the year ended March 31, 2011 were 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 have been prepared as per Schedule VI. Accordingly the previous year figures have been reclassified to confirm to current years classifications.


Mar 31, 2011

1) SHARE CAPITAL AND OPTIONAL CONVERTIBLE DEBENTURE

i) During the year the company has allotted 4 43 758 nos of equity shares of the face value of Rs 10/-eacli at Rs 250/- pei sliaie and 3 03 667 nos of Optionally Fully convertible Debenture (OFCD''S) face value of Rs 250/- (Rs: Two hundred and Fifty only) to the shareholders of Systematix Shares & Stocks (1) Limited (SSSIL) as a Consideration against acquisition of 29 89 700 nos shares of SSSIL.

ii) OFCD,s are allotted on 24/03/2011 and carry a conpon rate of 6%.

iii) OFCD, s will be convertible in to one equity share of the company at the option of the OFCD, s holder within period of 18 Months from the date of allotment of the OFCD,5 failing which ihe OFCD,s will be eligible for redemption at the par value of Rs 250/- per OFCD.s at the end of the said 18 Months.

Rs in lakhs

31.3.2011 31.03.3010

2) Contingent Liabilities:

Contingent Liabilities on account of Guarantees given to banks o behalf Group Companies 8750 6800

Amount in Rs.

31.3.2011 31.03.2010

3) Auditors Remuneration:

Statutory Audit 40000 37950

4) The management has initiated the proccss of identifying enterprises which have provided goods and services to the company under the definition of micro and small enterprises, as defined under Macro, Small and Medium enterprises Development Act,2006. Accordingly the disclosure in respect of amounts payable to such enterprises as at March 31,2011 has been made in the financial statements based on the information rcccivcd and available with the company. The Company has nol received any claim for interest from any supplier under the said Act

The Company is making efforts to get the confirmation from the suppliers as regards their status under the Act.

5) Loans and advances include

i) Amount due form Private Companies in which one or more directors of the Company are interested.

Excess remuneration paid during the year Reversed and Since Recovered from director.

6) (a) Managerial remuneration under section 198 of the Companies Act, 1956

Remuneration to Managerial personal, paid in accordance with Schedule XIII to Companies Act, 1956

7) Related Party Transactions:

I) Names of Transacting Related Parties

A) Wholly Owned Subsidiaries

- Systematix Fincorp India Limited

- Systematix Finvest Private Limited

B) Subsidiary Company

- Systematix Shares & Stocks (I) I imitetl

- Systematix Commodities Services Private Limited

C) Associate and Group Companies

- Systematix Capital Services Private Limited

- CEEPEEK. Real Estate Limited

- Rangsharda Properties Private Limited

- Shubhamangalam Real Estate Limited

- Snehavardhini Real Estate Limited

- Tek Point Properties Private Limited

- Funsign Real Estate Limited

- Superstar Exports Private Limited.

- Topcity Trading Company Private Limited

- Riteplaza Trading Company Private Limited

- Magicline Trading Company Private Limited

- Goldflag Exports Private Limited

- Goldline Trading Company Private Limited

- Third wave Merehantile Company Private Limited

- SQL Star International Limited

- Shivsakthi Realestate Limited

- Southern Wind Farm Limited

- Nikunj Mercantile Private Limited

Entities where Control Exists

- Mahesh C Solanki & Co

Key Manageriul Personnel Mr.C.P.Khandelwal

Mr.Kamesh Kaizada

8) The Company has nol obtained Confirmation of balance from Sundry Debtors, Loans and advances, Sundry creditors.

9) Previous year figures have been regrouped wherever necessary.

10) Paise have been rounded off to the nearest rupee.

11) Other items required to be disclosed to per Para 4A,4C & 4D of Part II of Schedule VI of the Companies Act, 1956 Nil.


Mar 31, 2010

Rs in lakhs

31.03.2010 31.03.2009

1) Contingent Liabilities:

Contingent Liabilities on account of Guarantee given to banks group Companies 6800 9480

2) The management has initiated the process of identifying enterprises which have provided goods and services to the company under the definition of micro and small enterprises, as defined under Macro,Small and Medium enterprises Development Act,2006.Accordingly the disclosure in respect of amounts payable to such enterprises as at march 31,2010 has been made in the financial statements based on the information received and available with the company. The Company has not received any claim for interest from any supplier under the said Act.

3) Related Party Transactions:

I) Names of Transacting Related Parties

A) Wholly Owned Subsidiaries

-Systematix Fincorp India Limited

B) Associate and Group Companies

- Systematix Shares & stocks (I) Limited

- Systematix Capital Services Private Limited -Systematix Commodities Services Private Limited -CEEPEEK Real Estate Limited -Rangsharda properties Private Limited -Shubhamangalam real Estate Limited -Snehavardhini Real Estate Limited

-Tek Point Properties Private Limited -Funsign Real estate Limited

- Superstar exports Private Limited. -Topcity trading Company private Limited -Riteplaza trading Company Private Limited -Magicline Trading Company private Limited -Goldflag export:, Private Limited -Goldline Trading Company Private Limited -Thirdwave merchantile Company Private Limited -SQL Star International Limited

-Shivsakthi Realestate Limited -Southern wind farm Limited -Nikunj Mercantile Private Limited Entities where Control Exists

- Mahesh C Solanki & Co Key Managerial Personnel

Mr.C.P.Khandelwal Mr.Ramesh

II) A description of the relationship between related parties: Presumption of Significant Influence.

4) The Company has not obtained confirmation of balance from Sundry Debtors, Loans and advances, sundry creditors.

5) Previous year figures have been regrouped wherever necessary,

6) Paise have been rounded off to the nearest rupee.

7) Other items required to be disclosed as per Para 4A, 4C & 4D of Part II of Schedule VI of the Companies Act, 1956 Nil.

 
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