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Notes to Accounts of Systematix Securities Ltd.

Mar 31, 2014

1.Share Capital

a) The company has only one class of shares having a par value of Rs.10/- per share. Each holder of equity share is entitled to one vote per share.

b) The details of shareholders more than 5% shares

2. Contingent Liabilities : NIL

3. The Company does not have the practice to obtain balance confirmation for the amounts at the year end, therefore the balance under the heads Sundry Debtors, Sundry Creditors, Deposit, Loans and Advances, Bank a/c, and other personnel a/c are shown as per books of accounts and are subject to reconciliation and adjustment, if any.

4. No deferred tax assets in recognized in the books as there are no substantial deferred tax liabilities/assets during the year. The position will be reviewed every financial year.

Provision for MAT Rs. 427358/- has been made in accordance with section 115 JB.

5. Previous year figures have been regrouped / rearranged wherever necessary to confirm to current year''s presentation^

6. Figures have been rounded off nearest to the Rupees,

7. There are no Micro, small and Medium enterprises , as defined in the Micro , small and Medium Enterprises Development Act, 2006 to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made

The above information regarding micro, small and medium enterprises have been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.


Mar 31, 2011

1. The Company does not have the practice to obtain balance confirmation for the amounts at the year end, therefore the balance under the heads Sundry Debtors, Sundry Creditors, Deposit, Loans and Advances, Bank a/c, and other personnel a/c are shown as per books of accounts and are subject to reconciliation and adjustment, if any.

2. Previous year figures have been regrouped / rearranged wherever necessary to confirm to current years presentation.

3. Figures have been rounded off nearest to the Rupees.

4. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the same value, if realized in the ordinary course of business. The provision for all the liabilities is adequate.

5. None of the employees paid / payable salary exceeding Rs 24,00,000/- p.a.

6. There is no Micro, small and medium enterprises, as defined in the Micro, small and Medium Enterprises Development Act, 2006 to which the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.

The above information regarding micro, small and medium enterprises have been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

7. The Company has not made the provision for deferred Tax Assets. There is no substantial liabilities/assets of Deferred Tax Assets.

The Provision for current tax of Rs. 198000/- has been provided in the Books.


Mar 31, 2010

1. The Company does not have the practice to obtain balance confirmation for the amounts at the year end, therefore the balance under the heads Sundry Debtors, Sundry Creditors, Deposit, Loans and Advances, Bank a/c, and other personnel a/c are shown as per books of accounts and are subject to reconciliation and adjustment, if any.

2. Previous year figures have been regrouped / rearranged wherever necessary to confirm to current years presentation.

3. Figures have been rounded off nearest to the Rupees.

4. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the same value, if realized in the ordinary course of business. The provision for all the liabilities is adequate.

5. None of the employees paid / payable salary exceeding Rs 24,00,000/- p.a.

6. There is no Micro, small and medium enterprises, as defined in the Micro, small and Medium Enterprises Development Act, 2006 to which the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.

The above information regarding micro, small and medium enterprises have been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

7. The Company has not made the provision for deferred Tax Assets. However there was a liability of Deferred Tax Assets of Rs. 11928/- to be provided in the books.

The Provision for current tax of Rs. 128000/- has been provided in the Books.

 
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