Mar 31, 2018
(B) NOTES FORMING PART OF THE ACCOUNTS
1. Deferred Tax
For the current year, a sum of Rs. 52,51,376/-(Previous year - Rs. 10,93,770/-) has been recognized as a deferred tax in the Profit & Loss Account and the same has been credited to the Deferred Tax Asset a/c in the Balance Sheet.
As on March 31, 2018, deferred tax on account of timing difference on depreciation of fixed assets . and provision for gratuity was Rs. 2,95,99,473/- (Previous year-Asset Rs. 3,48,50,849/-).
2.â As of March 31,2018, the Company had no outstanding dues to small-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the yearend together with interest paid/payable under this Act have not been given.
4. In the opinion of the Board, Current Assets, Loans & advances have the value on realization in the ordinary course of business at least equal to the amount at which they are stated.
5. The company pledges Investments towards margin requirement for trading in equity / derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and margin requirements
7. The National Stock Exchange and Bombay Stock Exchange have a lien on Fixed Deposits which have been kept for Margin and Base Capital Requirements.
8. Expenditure in foreign currency
(a) Current Year-Travelling - Rs. 1.80 Lakhs (Previous year-6.93 Lakhs)
9. Employee Benefits
Defined Benefit Plans as per Actuarial Valuation as at March 31,2018
10. Related party disclosure has been made as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, asunder:
Related Party Relationship
Associate Enterprises
Wallfort Properties Pvt. Ltd.
Wallfort Commodities Pvt. Ltd.
Wallfort Share & Stock brokers Pvt. Ltd.
â B & S Silver LLP
Key Management personnel
.Ashok Bharadia Deepak Lahoti ''Manoj Bharadia
Relatives of key management personnel
Abhishek Maheshwari Radhakishan Bharadia
Aditya Maheshwari Radhakishan Bharadia HUF
Aditi Bharadia Ramdevi Lahoti
Aniket Bharadia Ramkumar Bharadia
Ashok Bharadia HUF Ramkumar Bharadia HUF
Damoderi Bharadia Rashmi Lahoti
Deepa Bharadia Ritika Bharadia
Deepak Lahoti HUF Sangeeta Bharadia
Kamladevi Bharadia Sarita Maheshwari
Manoj Bharadia HUF Shrivallabh Bharadia
Megha Bharadia Shrivallabh Bharadia HUF
Moolchand Lahoti Shyamsunder Bharadia
Moolchand Lahoti HUF Shyamsunder Bharadia HUF
Neha Bharadia Sunil Bharadia
Pankaj Lahoti . Sunil Bharadia HUF
Pankaj Lahoti HUF Tulsiram Bharadia HUF
Poonam Lahoti Vandana Bharadia
Pratik Bharadia Vijay Bharadia
15. Segment Reporting
The company is engaged in single segment and there are no separate reportable segments as defined in AS -17.
17. The figures have been rounded off to the nearest rupee.
18. The previous year''s figures have been recast / restated, wherever necessary, to conform to the current year''s classification.
Mar 31, 2016
1. Deferred Tax
For the current year, a sum of Rs. 20;52r278/-{Previous year - Rs. 43,56,091/-) has been recognized as a deferred tax in the Profit & Loss Account and the same has been credited (P Y, debited) to the Deferred Tax Asset a/c in the Balance Sheet.
As on March 31. 2016, deferred ;ax on account of timing difference on depredation of fixed assets and provision for gratuity was Rs. 3,59,44,619/* (Previous year - Asset Rs. 3.79.96,897/-),
2. As of March 31,2016, the Company had no outstanding dues to small-scale; industrial undertakings {Previous year Rs, Nil),
3. The company has not received information from vendors regarding their status under the Micro, Small and Medium. Enterprises Development Act, 2DC6 and hence disclosures relating to amounts unpaid as at the year end together with interest pa id/payable under this Act have not been given.
4. In the opinion of the Board, Current Assets, Loans & advances have :he value on realization in the ordinary course of business at least equal to the amount at which they are stated,
5. The company pledges Investments towards margin retirement for trading in equity / derivatives
6. Bank Overdraft represents Credit facility for Pay in, pay out and margin requirements
7. The National Stock Exchange and Bombay Stock Exchange -lave a lien on Fixed Deposits which have been kept for Margin and Base Capital Requirements,
8. Expenditure in foreign currency
9. Current Year-Travelling-(INR) 4,84 Lakhs (Previous year-NIL)
10. Employee Benefits
Defined Benefit Plans as per Actuaries Valuation as at March 31,2016
11. Related party disclosure has been made as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, asunder:
Related Party Relationship
Associate Enterprises
Bir.odini Vyapar Pvt, Lid. Wallfort Share & Slock brokers Pvt. Ltd.
Knockta Dealcomm Pvt. Ltd, Bajrang Marbles Private Limited
Wallfort Properties Pvt. Ltd. Soditi Developers Pvt. Limited
Wallfort Commodities Pvt. Ltd. Wallfort Steel and Power Private Limited
Mohur Invest. & Consul, Pvt. Ltd. Wallfort Investments & Trading Co. Ltd.
Key Management personnel
Asnok Bharadia Deepak Lahoti Manoj Bharadia
Relatives of key management personnel
Abhlshek Maheshwari Sunil Bharadia
Aditya Maheshwari Sunil Bharadia HUF
Aniket Bharadia Tulsiram Bharadia HUF
Anil Jain Vandana Bharadia
Ashok Bharadia HUF Vijay Bharadia
D a m o deri B h arad ia Yas hku ma r Gote ch ha
Deepa Bharadia
Deepak Lahoti HUF
Kamladevi Bharadia
Kishnidevi Bharatfia
Manidevi Bharadia
Manoj Bharadia HUF
Megha Bharadia
Moolchand Lahoti
Moolchand Lahoti H,UF
Pankaj Lahoti
Pankaj Lahoti HUF
Pponam Lahoti
Pratik Bharadia
Pusphadevi J. Jain
Puspha P. Jam
Radhakishan Bharadia:
Note:
Related Party relationships are as identified by the company and relied upon by the Auditors
-Transactions carried out with related parties referred to above are in the ordinary course of business
12. Corporate Social Responsibility (CSR)
The Company has constituted the CSR Committee as required under the provisions of the Companies Act, 2013. Based on the recommendations of the CSR Committee, the Board of Directors oi Wallfort Financial Services Lid. approved the CSR policy of the Company and expenditure-e of Rs. 18.83 lakhs for FY 2015-16 towards CSR activities.
13. Gross amount required to be spent by the company during the year is Rs.18.83 Lakhs
14. Amount spent during the year:
15. Contingent liabilities
16. Unexpired Bank Guarantees - NIL
17. Earnings per share
Earnings per Share has been calculated as per Accounting Standard 2U issued by the Institute of Chartered Accountants of India, as under:
18. Segment Reporting
The company is engaged in single segment and there are no separate reportable segments as defined in AS -17.
19. The figures have been rounded off to the nearest rupee.
20. The previous yearâs figures have been recast / restated, wherever necessary, to con form to t he current year''s classification.
Mar 31, 2015
1. Deferred Tax
For the current year, a sum of Rs. 43,56,091/-(Previous year- Rs.
32,36,472/-) has been recognized as a deferred tax in the Profit & Loss
Account and the same has been debited to the Deferred Tax Asset a/c in
the Balance Sheet.
As on March 31, 2015, deferred tax on account of timing difference on
depreciation of fixed assets and provision for gratuity was Rs.
3,79,96,897/- (Previous year - Asset Rs. 3,36,40,805/-).
2. As of March 31,2015, the Company had no outstanding dues to
small-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
yearend together with interest paid/payable under this Act have not
been given.
4. In the opinion of the Board, Current Assets, Loans & advances have
the value on realization in the ordinary course of business at least
equal to the amount at which they are stated.
5. The company pledges Investments towards margin requirement for
trading in equity / derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and
margin requirements
7. The National Stock Exchange and Bombay Stock Exchange have a lien
on Fixed Deposits which have been kept for Margin and Base Capital
Requirements.
8. Segment Reporting
The company is engaged in single segment and there are no separate
reportable segments as defined inAS-17.
9. The figures have been rounded off to the nearest rupee.
10. The previous year's figures have been recast / restated, wherever
necessary, to conform to the current year's classification.
Mar 31, 2014
1. Deferred Tax
For the current year, a sum of Rs. 32,36,472/- (Previous year - Rs.
1,84,54,008/- has been recognized as a deferred tax in the Profit &
Loss Account and the same has been debited to the Deferred Tax Asset
a/c in the Balance Sheet.
As on March 31, 2014, deferred tax on account of timing difference on
depreciation of fixed assets and provision for gratuity was Rs.
3,36,40,805/- (Previous year - Asset Rs. 3,04,04,333/-).
2. As of March 31, 2014, the Company had no outstanding dues to
small-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year end together with interest paid/payable under this Act have not
been given.
4. In the opinion of the Board, Current Assets, Loans & advances have
the value on realization in the ordinary course of business at least
equal to the amount at which they are stated.
5. The company pledges Investments towards margin requirement for
trading in equity/ derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and
margin requirements.
7. The National Stock Exchange and Bombay Stock Exchange have a lien on
Fixed Deposits which have been kept for Margin and Base Capital
Requirements.
8. Expenditure in foreign currency
(a) Current Year NIL (Previous year - NIL)
9. Employee Benefits
Defined Benefit Plans as per Actuarial Valuation as at March 31,2014.
10. Related party disclosure has been made as per Accounting Standard
18 issued by the Institute of Chartered Accountants of India, as under:
Related Party Relationship
Associate Enterprises
Bajrang Marbles Pvt.Ltd. Wallfort Investment And Trading Company Pvt
Ltd.
Binodini Vyapaar Pvt.Ltd. Wallfort Properties Pvt. Ltd.
Kanockta Dealcomm Pvt.Ltd. Wallfort Share & Stock brokers Pvt. Ltd.
Mohur Investments Consultancy Pvt.Ltd. Wallfort Steel And Power Private
Ltd.
Suditi Developers Pvt. Ltd. Wallfort Developers Pvt. Ltd.
Key Management personnel
Anil Jain Ashok Bharadia Deepak Lahoti
Manoj Bharadia Yash Golechha
Relatives of key management personnel
Anjali Jain
Radhakishan Bharadia Annapurna Bharadia Raj Golechha Damoderi Bharadia
Ramkumar Bharadia Daxa Golechha Rashmi Lahoti Deepa Bharadia Shobha
Golechha Kamladevi Bharadia Sangeeta Bharadia Kishnidevi Bharadia
Shrivallabh Bharadia Manidevi Bharadia Shyamsunder Bharadia Megraj
Golechha Taradevi Jain Pradeep Jain Puspha P. Jain Vandana Bharadia
Priya Jain Vijay Bharadia Pankaj Lahoti
12. Contingent liabilities
a. Unexpired Bank Guarantees - NIL
13. Earnings per share
Earnings per Share has been calculated as per Accounting Standard 20
issued by the Institute of Chartered Accountants of India, as under:
14. Segment Reporting
The company is engaged in single segment and there are no separate
reportable segments as defined in AS - 17.
16. The figures have been rounded off to the nearest rupee.
17. The previous year''s figures have been recast / restated, wherever
necessary, to conform to the c urrent year''s classification.
Mar 31, 2013
1. Deferred Tax
For the current year, a sum of Rs. 1,84,54,008/- (Previous year - Rs.
1,30,88,128/-) has been recognized as a deferred tax in the Profit &
Loss Account and the same has been debited to the Deferred Tax Asset
a/c in the Balance Sheet.
As on March 31, 2013, deferred tax on account of timing difference on
depreciation of fixed assets and provision for gratuity was Rs.
3,04,04,333/- (Previous year - Asset Rs. 1,19,50,325/-).
2. As of March 31, 2013, the Company had no outstanding dues to
small-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year end together with interest paid/payable under this Act have not
been given.
4. In the opinion of the Board, Current Assets, Loans & advances have
the value on realization in the ordinary course of business at least
equal to the amount at which they are stated.
5. The company pledges Investments towards margin requirement for
trading in equity/ derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and
margin requirements.
7. The National Stock Exchange and Bombay Stock Exchange have a lien
on Fixed Deposits which have been kept for Margin and Base Capital
Requirements.
8. Expenditure in foreign currency
(a) Current Year NIL (Previous year - Data Subscription - Rs.67,499/-)
9. Related party disclosure has been made as per Accounting Standard
18 issued by the Institute of Chartered Accountants of India, asunder:
Related Party Relationship
Associate Enterprises
Binodini Vyapar Pvt. Ltd. Mohur Invest. & Consul. Pvt. Ltd.
Knockta Dealcomm Pvt. Ltd. Vijaydeep Properties Pvt. Ltd.
Wallfort Properties Pvt. Ltd. Wallfort Investments & Trading Co. Ltd.
Wallfort Exim Pvt. Ltd. Wallfort Share & Stock brokers Pvt. Ltd.
Wallfort Commodities Pvt. Ltd.
Key Management personnel
Anil Jain Manoj Bharadia
Ashok Bharadia Yash Golechha
Deepak Lahoti
Relatives of key management personnel
Anjali Jain
Radhakishan Bharadia Annapurna Bharadia Raj Golechha Damoderi Bharadia
Ramkumar Bharadia Daxa Golechha Rashmi Lahoti Deepa Bharadia Shobha
Golechha Kamladevi Bharadia Sangeeta Bharadia Kishnidevi Bharadia
Shrivallabh Bharadia Manidevi Bharadia Shyamsunder Bharadia Megraj
Golechha Taradevi Jain Pradeep Jain Puspha P. Jain Vandana Bharadia
Priya Jain Vijay Bharadia Pankaj Lahoti
10. Segment Reporting
The company is engaged in single segment and there are no separate
reportable segments as defined in AS-17.
11. The figures have been rounded off to the nearest rupee.
12. The previous year''s figures have been recast / restated, wherever
necessary, to conform to the current year''s classification.
Mar 31, 2012
1. Deferred Tax
For the current year, a sum of Rs. 1,30,88,128/- (Previous year - Rs.
15,46,923/-) has been recognized as a deferred tax in the Profit & Loss
Account and the same has been debited to the Deferred Tax Asset a/c in
the Balance Sheet.
As on March 31,2012, deferred tax on account of timing difference on
depreciation of fixed assets and provision for gratuity was Rs.
1,19,50,325/-(Previous year-Liability Rs. 11,37,802/-).
2. As of March 31,2012, the Company had no outstanding dues to smal
1-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year end together with interest paid/payable under this Act have not
been given.
4. In the opinion of the Board, Current Assets, Loans & advances have
the value on realization in the ordinary course of business at least
equal to the amount at which they are stated.
5. The company pledges Investments towards margin requirement for
trading in equity /derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and
margin requirements
7. The National Stock Exchange and Bombay Stock Exchange have a lien
on Fixed Deposits which have been kept for Margin and Base Capital
Requirements.
8. Expenditure in foreign currency
(a) Data Subscription- Rs.67,499/-(Previous year-2,32,763/-)
10. Related party disclosure has been made as per Accounting Standard
18 issued by the Institute of Chartered Accountants of India, as under:
Related Party Relationship
Associate Enterprises
Binodini Vyapar Pvt. Ltd. Mohur Invest. & Consul. Pvt. Ltd.
Knockta Dealcomm Pvt. Ltd. Vijaydeep Properties Pvt. Ltd.
Wallfort Properties Pvt. Ltd. Wallfort Investments & Trading Co. Ltd.
Wallfort Exim Pvt. Ltd. Wallfort Share & Stock brokers Pvt. Ltd.
Wallfort Commodities Pvt. Ltd.
Kev Management personnel
Anil Jain Manoj Bharadia
Ashok Bharadia Yash Golechha Deepak Lahoti
Relatives of key management personnel
Anjali Jain Shyamsunder Bharadia
Radhakishan Bharadia Megraj Golechha
Annapurna Bharadia Taradevi Jain
Raj Golechha Pradeep Jain
Damoderi Bharadia Puspha P. Jain
Ramkumar Bharadia Vandana Bharadia
Relatives of kev management personnel
Daxa Golechha Kishnidevi Bharadia
Rashmi Lahoti Shrivallabh Bharadia
Deepa Bharadia Manidevi Bharadia
Shobha Golechha Priya Jain
Kamladevi Bharadia Vijay Bharadia
Sangeeta Bharadia Pankaj Lahoti
Note : 1) Related party relationships are as identified by the company
and relied upon by the Auditors
2) Transaction carried out with related parties referred to above are
in ordinary course of business.
9. Contingent liabilities
a. Unexpired Bank Guarantees - 17.5 Crores against Fixed Deposits 8
crores approx
10. The figures have been rounded off to the nearest rupee.
11. The previous year's figures have been recast / restated, wherever
necessary, to conform to the current year's classification.
Mar 31, 2010
1. Deferred Tax
For the current year, a sum of Rs.20, 61,176/- (Previous year - Rs.
116476/-) has been recognized as a deferred tax in the Profit & Loss
Account and the same has been debited to die Deferred Tax Asset a/c in
the Balance Sheet.
As on March 31,2010, deferred tax asset on account of timing difference
on depreciation of fixed assets and provision for gratuity was
Rs.4,09,121/- (Previous year-Liability Rs. 16,52,055/-).
2. As of March 31, 2010, the Company had no outstanding dues to
small-scale industrial undertakings (Previous Year Rs. Nil).
3. The company has not received information from vendors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosures relating to amounts unpaid as at the
year end together with interest paid/payable under this Act have not
been given.
4. In the opinion of the Board, Current Assets, Loans & advances have
the value on realization in the ordinary course of business at least
equal to the amount at which mey are stated.
5. The company pledges Investments towards margin requirement for
trading in equity / derivatives.
6. Bank Overdraft represents Credit facility for Pay in, pay out and
margin requirements
7. The National Stock Exchange and Bombay Stock Exchange have a lien
on Fixed Deposits which have been kept for Margin and Base Capital
Requirements.
8. Expenditure in foreign currency
(a) Traveling - Rs. 96, 700/- (Previous year - NIL)
(b) Data Subscription - Rs.4, 55,438/- (Previous year - NIL)
9. Related party disclosure has been made as per Accounting Standard
18 issued by the Institute of Chartered Accountants of India, as under:
Related Party Relationship
Associate Enterprises
Binodini Vyapar Pvt. Ltd. Vijaydeep Properties Pvt. Ltd.
Knockta Dealcomm Pvt. Ltd. Wallfort Investments & Trading
Co. Ltd.
Wallfort Properties Pvt. Ltd. Wallfort Share & Stock brokers
Pvt. Ltd.
Wallfort Exim Pvt. Ltd.
Wallfort Commodities Pvt. Ltd.
Mohur Invest. & consultancy
Pvt. Ltd.
Key Management personnel
Anil Jain Manoj Bharadia
Ashok Bharadia Yash Golechha
Deepak Lahoti
Relatives of key management personnel
Anjali Jain
Radhakishan Bharadia
Annapuma Bharadia
Raj Golechha
Damoderi Bharadia
Ramkumar Bharadia
Daxa Golechha
Rashmi Lahoti
Deepa Bharadia
Shobha Golechha
Kamladevi Bharadia
Sangeeta Bharadia
Kishnidevi Bharadia
Shrivallabh Bharadia
Manidevi Bharadia
Shyamsunder Bharadia
Megraj Golechha
Taradevi Jain
Pradeep Jain
Vandana Bharadia
Priya Jain
Vijay Bharadia
Pankaj Lahoti
Note : 1) Related party relationships are as identified by the company
and relied upon by the Auditors
2) Transaction carried out with related parties referred to above are
in ordinary course of business.
10. Contingent liabilities
a. Unexpired Bank Guarantees - 23.26 Crores against Fixed Deposits
11.63 crores approx
11. Segment Reporting
The company is engaged in single segment and there are no separate
reportable segments as defined in AS -17.
12. The figures have been rounded off to the nearest rupee.
13. The previous years figures have been recast / restated, wherever
necessary, to conform to the current years classification.