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Notes to Accounts of Winro Commercial (India) Ltd.

Mar 31, 2014

1 Corporate information

The Company is RBI Registered Non Banking Financial Company (Non Deposit taking) engaged in the business of investment, trading in shares and securities & Lending Activities.

Rights of Equity Shareholders

The Company has only one class of Equity Shares having par value of Rs.10. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount.

Note Particulars

2.1 Contingent liabilities and commitments (to the extent not provided for)

(i) -As per Income Tax Department following tax demand is outstanding against the company & it has not been provided in the accounts.

Assessment Demand u/s Short Amount paid Status of Year Provision Protest / Refund Appeal Adjusted

2008- 09 u/s 143 (3) 626759 2000000 Dept Appeal with ITAT Pending

2009- 10 u/s 143 (3) 4311549 4311549 Dept Appeal with ITAT Pending

2010- 11 u/s 143 (3) 1149123 1026610 Appeal with CIT (A) pending

2011- 12 u/s 143 (3) 794908 - Rectification of order u/s 143(3) pending

2.2 Trade Receivables, Trade Payables, Loans & Advances are subject to confirmation

2.3 Employee benefit plans

As number of employees working in company are less than ten, provision for gratuity as per Accounting Standard 15 issued by Institute of Chartered Accountants of India does not apply to the company

The company has made provision for Leave Salary on the actual balance leaves of the employees at year end at the basic salary of the employees for the month of March 2014.

2.4 Profit from commodity segment consists of arbitrage in commodities on various commodity exchanges.ie National Spot Exchange, NCDEX, MCX through C& F Agents.

The Company has recognised deferred tax asset on unabsorbed depreciation to the extent of the corresponding deferred tax liability on the difference between the book balance and the written down value of fixed assets under Income Tax (or) The Company has recognised deferred tax asset on unabsorbed depreciation and brought forward business losses based on the Management''s estimates of future profits.

Note 3

Note Particulars

3.1 Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2013

1 Corporate information

The Company is RBI Registered Non Banking Financial Company (Non Deposit taking) engaged in the business of investment, trading in shares and securities & Lending Activities.

2.1 Trade Receivables, Trade Payables, Loans & Advances are subject to confirmation

2.2 Employee benefit plans

Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained

The company has made provision for Leave Salary on the actual balance leaves of the employees at year end at the basic salary of the employees for the month of March 2013.

2.3 Profit from commodity segment consists of arbitrage in commodities on various commodity exchanges.ie National Spot Exchange, NCDEX, MCX through C& F Agents.

2.4 Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.


Mar 31, 2011

1. Leave encashment is accounted in the year in which the right of encashment is exercised by the employees.

2. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured Loans are subject to confirmation.

3. Related Party Information:

i). Relationships :

a) Key Management Personnel - Shri Hatim F. Hariyanawala Director.

- Shri V. V.Sureshkumar - Director

- Shri A.N. Nair - Director

- Shri Atul J Shah - Director

b) Individual owning directly - Shri Ashwin Pannalal Kothari or indirectly an interest in the voting power that - Smt Meena Kothari gives them control or significant influence. - Shri Rohit Kothari

- Shri Ashwin Pannalal Kothari (HUF)

- Shri Ashwin Pannalal Kothari (S) (HUF)

- Shri Pannalal .C Kothari (HUF)

c) Relative of individual in (b) above - Smt Niyati P. Mehta

- Smt Tejal Kothari

d) Associate Concerns - Aroni Commercials Limited

- Arcies Laboratories Ltd.

- Antique Stock Broking Ltd.

- Antique Finance Private Limited

- Antique Finsec Pvt Ltd.

- Antique Wealth Advisor Pvt Ltd.

- Antique Capital Markets Pvt Ltd.

- Arkaya Commercials Pvt. Ltd.

- Better Time Realtors P Ltd.

- GeeCee Business Pvt Ltd (Formerly known as Ananya Online IT Designs Pvt Ltd)

- GeeCee Ventures Ltd.

- GTZ (Bombay) Pvt. Ltd.

- Grey River Energy Pvt Ltd.

- GeeCee Investments Ltd. (Formerly known as Jacqart Financial Services Ltd.)

- Four Dimensions Securities (India) Ltd.

- Four Dimensions Capital Markets Pvt. Ltd.

- Four Dimensions Commodities Pvt. Ltd.

- Mahotsav Trading & Finance Pvt. Ltd.

- Newage Dyes & Chemicals Pvt Ltd.

- Rohit Financial Services

- Red Socks Realtors Pvt Ltd.

- Sam Jag-Deep Investment Pvt Ltd.

- Saraswati Commercial (India) Ltd. - Sareshwar Trading and Finance Pvt. Ltd.

- Urudavan Investment and Trading Pvt. Ltd.

- Vidushan Commercial & Investment Pvt Ltd.

- Windsor Trading and Finance Pvt. Ltd.

4. Contingent Liabilities:

- Contingent liability in respect of shares pledged with bank as security towards overdraft facility availed by related parties M/s/ Four Dimensions Securities (India) Ltd is Rs. NIL (Previous Year Rs. 15,54,32,155/-)

- As per Income Tax Department following tax demand is outstanding against the company & it has not been provided in the accounts.

Assessment Demand Amount paid Status of Appeal Year (Rs.) under Protest Refund Adjusted

2008-09 27,86,590/- 20,00,000/- Appeal Pending with CIT (Appeals)

5. Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained

6. Previous Year Figures have been regrouped or re-arranged wherever deemed necessary.


Mar 31, 2010

1. Leave encashment is accounted in the year in which the right of encashment is exercised by the employees.

2. Earning & Expenditure in Foreign Currency is Nil.

3. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured Loans are subject to confirmation.

4. Related Party Information:

I). Relationships :

a). Key Management Personnel

Shri Hatim F. Hariyanawala -Director

Shri V. V.Sureshkumar - Director

Shri A.N. Nair - Director

Shri Atul J Shah - Director

b). Individual owning directly or indirectly an interest in the voting power that gives them control or significant influence.

Shri Ashwin Kumar Kothari

Smt Meena Kothari

Shri Rohit Kothari

Shri Ashwinkumar Kothari (HUF)

Shri Ashwinkumar Kothari (S) (HUF)

Shri Pannalal .C Kothari (HUF)

c). Relative of individual in (b) above

Smt Niyati P. Mehta Smt Tejal Kothari

d). Associate Concerns

: Four Dimensions Securities (India) Ltd. Four Dimensions Capital Markets Pvt. Ltd. Antique Stock Broking Ltd Antique Finance Private Limited Antique Finsec Pvt Ltd Antique Wealth Advisor Pvt Ltd Antique Capital Markets Pvt Ltd

Ananya Online IT Designs Pvt Ltd

Arkaya Commercials Pvt. Ltd.

Aroni Commercials Limited

Arcies Laboratories Ltd.

Better Time Realtors P Ltd

Four Dimensions Commodities Pvt. Ltd.

Geecee Ventures Ltd.

(Previously known as Gwalior Chemical

Industries Ltd)

GTZ (Bombay) Pvt. Ltd.

Grey River Realtors Pvt Ltd

Jacqart Financial Services Ltd.

Mahotsav Trading & Finance Pvt. Ltd.

Neptune Light Realtors Pvt Ltd

New Age Dyes Chemicals Pvt Ltd

Rohit Financial Services

Red Stocks Realtors Pvt Ltd

Sam Jag-Deep Investment Pvt Ltd

Saraswati Commercial (India) Ltd.

Sareshwar Trading and Finance Pvt. Ltd.

Urudavan Investment and Trading Pvt. Ltd.

Vidushan Commercial & Investment Pvt.Ltd

Windsor Trading and Finance Pvt. Ltd.

5. Contingent Liabilities;

- Contingent liability in respect of shares pledged with bank as security towards overdraft facility availed by related parties M/s/ Four Dimensions Securities (India) Ltd is Rs. 15,54,32,155/- (Previous Year Rs. 8,19,66,414/-).

6. Gratuity Liability has not been provided for in accordance with Accounting Standard 15 issued by Institute of Chartered Accountant of India and unascertained. In the opinion of management, company is not liable to make provision of gratuity as on balance sheet date non of the employees are associated with company for more than five year.

7. Previous Year Figures have been regrouped or re-arranged wherever deemed necessary.

 
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