Mar 31, 2015
1. Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2015, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
2. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
3. Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17) as notified under
Section 133 of the Companies Act, 2013, are not applicable.
4. Related Party Disclosures :
a) Related parties with whom the Company had transactions during the
year:
1) Enterprise controlled by Key Management Personnel & their relative
:- N.A.
2) Key Management Personnel :-
Anil Kothari (Director)
3) Relatives of Key Management Personnel :- Manisha Kothari
Vimaladevi Mansukhlal Kothari
5. Director's remuneration Rs Nil (Previous Year Rs Nil).
6. Open interest in Equity Index/Stock Futures as at the balance sheet
date is NIL (Previous Year Rs Nil).
7. Option contracts outstanding as on the balance sheet date is NIL
(Previous Year Rs Nil).
8. Schedule in terms of paragraph 13 of Non  Banking financial (Non
 Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
9. Previous Year's figures have been regrouped /reclassified wherever
necessary to conform to the current year's classification.
The accompanying notes are an integral part of the financial statements
Notes:
1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial (Non-Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets
acquired in satisfaction of debt. However, market value in respect of
quoted investments and break up/fair value/NAV in respect of unquoted
investments should be disclosed irrespective of whether they are
classified as long term or current in (4) above.
Mar 31, 2014
1 (a) Rights, preferences and restrictions attached to shares
The Company has one class of equity shares having a par value of Rs.10
each. Each shareholder is eligible for one vote per share held. In the
event of liquidation, the equity shareholders are eligible to receive
the remaining assets of the Company after distribution of all
preferential amounts, in proportion to their shareholding.
2 Notes:
1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial (Non-Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007.
3. All Accounting Standards and Guidance Notes issued by ICAI are
applicable including for valuation of investments and other assets
acquired in satisfaction of debt. However, market value in respect of
quoted investments and break up/fair value/NAV in respect of unquoted
investments should be disclosed irrespective of whether they are
classified as long term or current in (4) above.
4 Background
"Aagam Capital Limited" (''the Company'') was incorporated in India on
December 27, 1991 as "Principle Capital Markets Limited". The name was
changed on February 7, 1996 and June 26, 2006 to "Principal Capital
Markets Limited" and "Subhkam Capital Limited" respectively. The name
was further changed on January 23, 2013 to "Aagam Capital Limited".
The Company is engaged in the business of dealing in share and
securities.
The Company received its certificate of registration as a non-banking
finance company on August 5, 1998 from the Reserve Bank of India (RBI),
Department of Non-Banking Supervision, Mumbai Regional Office, in its
former name "Principal Capital Markets Limited" which was changed
subsequently to "Subhkam Capital Limited" and further changed to "Aagam
Capital Limited". The company has received the revised certificate of
registration from RBI subsequent to the change of name to "Aagam
Capital Limited"
5 Contingent Liabilities
Claims against the company not acknowledged as debt - Income Tax Demand
for AY 2006-07 of Rs.70,74,656/- (Previous Year -Income Tax Demand for
AY 2006-07 Rs. 70,74,656/-)
6 Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2014, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised..
7 Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
8 Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17) as notified under
Section 133 of the Companies Act, 2013, are not applicable.
9 Related Party Disclosures :
a) Related parties with whom the Company had transactions during the
year:
1) Enterprise controlled by Key Management Personnel & their relative
:- N.A.
2) Key Management Personnel :- Anil Kothari (Director)
3) Relatives of Key Management Personnel :-
Manisha Kothari Vimaladevi Mansukhlal Kothari
10 The Company has placed fixed deposit of Rs. 1,44,434/- (Previous
Year Rs.1,34,390/-) with bank as margin money.
11 Director''s remuneration Rs Nil (Previous Year Rs Nil).
12 Open interest in Equity Index/Stock Futures as at the balance
sheet date is NIL (Previous Year Rs Nil).
13 Option contracts outstanding as on the balance sheet date is NIL
(Previous Year Rs Nil).
14 Schedule in terms of paragraph 13 of Non - Banking financial (Non
- Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
15 Previous Year''s figures have been regrouped /reclassified wherever
necessary to conform to the current year''s classification
Mar 31, 2013
1. Background
"Aagam Capital Limited" (''the Company'') was incorporated in India
on December 27,1991 as "Principle Capital Markets Limited". The
name was changed on February 7,1996 and June 26,2006 to "Principal
Capital Markets Limited" and "Subhkam Capital Limited"
respectively. The name was further changed on January 23,2013 to
"Aagam Capital Limited".
The Company is engaged in the business of dealing in share and
securities.
The Company received its certificate of registration as a non-banking
finance company on August 5, 1998 from the Reserve Bank of India (RBI),
Department of Non-Banking Supervision, Mumbai Regional Office, in its
former name "Principal Capital Markets Limited" which was changed
subsequently to "Subhkam Capital Limited" and further changed to
"Aagam Capital Limited". The company has received the revised
certificate of registration from RBI subsequent to the change of name
to "Aagam Capital Limited".
2. Contingent Liabilities
Claims against the company not acknowledged as debt - Income Tax Demand
for AY 2006-07 of Rs. 7,074,656/- (Previous Year -Income Tax Demand for
AY 2006-07 Rs. 70,74,656/-)
3. Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2013, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
4. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
5. Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17)as notified under
Section 211(3C) of the Companies Act, 1956, are not applicable.
6. Related Party Disclosures:
a) Related parties with whom the Company had transactions during the
year:
1) Enterprise controlled by Key Management Personnel & their relative
Subhkam Stocks & Shares Pvt. Ltd.
Subhkam Ventures (I) Pvt. Ltd.
2) Key Management Personnel:-
Mr. Rakesh S Kathotia (Till 23.10.2012)
Mr. Vikash Kumar (From 23.10.2012)
Mr. Januram Choudhary (From 23.10.2012)
7. The Company has placed fixed deposit of Rs. 134,390/- (Previous
Year Rs.124, 701/-) with bank as margin money.
8. Lease Disclosures :
The Company has taken office premises on operating lease. Gross rental
expenses for the year ended 31 March 2013 aggregated to Rs. 4,440,404/-
(Previous year: 6,936,491/-) which has been included under the head
Other Expense - Rent.
9. During the year as the Company has only one employee the company
has worked out the gratuity liability without actuarial valuation. The
liability of gratuity for one employee is Rs. 24,673/-.
10. Director''s remuneration Rs Nil (Previous Year Rs Nil).
11. Open interest in Equity Index/Stock Futures as at the balance
sheet date is NIL (Previous Year Rs Nil).
12. Option contracts outstanding as on the balance sheet date is NIL
(Previous Year Rs Nil).
13. Schedule in terms of paragraph 13 of Non - Banking financial (Non
- Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
14. Previous Year''s figures have been regrouped /reclassified wherever
necessary to conform to the current year''s classification.
Mar 31, 2012
1. Background
Subhkam Capital Limited ('the Company') was incorporated in India on
December 27, 1991 as Principle Capital Markets Limited. On February 7,
1996 the name was changed to Principal Capital Markets Limited. On June
26, 2006 the name was further changed to Subhkam Capital Limited.
The Company is engaged in the business of dealing in share and
securities.
The Company received its certificate of registration as a non-banking
finance company on August 5, 1998 from the Reserve Bank of India (RBI),
Department of Non-Banking Supervision, Mumbai Regional Office, in its
former name "Principal Capital Markets Limited" which was changed
subsequently to Subhkam Capital Limited. The company has received the
revised certificate of registration from RBI subsequent to the change
of name.
2. Contingent Liabilities
Claims against the company not acknowledged as debt - Income Tax Demand
for AY 2006- 07of Rs. 7,074,656/- (Previous Year -Income Tax Demand for
AY 2007-08 Rs. 185,458/-)
3. Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2012, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
4. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
5. Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17) as notified under
Section 211(3C) of the Companies Act, 1956, are not applicable.
6. Related Party Disclosures :
a) Related parties with whom the Company had transactions during the
year:
1) Enterprise controlled by Key Management Personnel & their relative
:-
Subhkam Stocks & Shares Pvt. Ltd.
Subhkam Ventures (I) Pvt. Ltd.
Vilars Estates Pvt. Ltd.
2) Key Management Personnel :-
Mr. Rakesh S Kathotia
7. The Company has placed fixed deposit of Rs. 124,701/- (Previous
Year Rs.113,702/-) with bank as margin money.
8. Lease Disclosures :
The Company has taken office premises on operating lease. Gross rental
expenses for the year ended 31 March 2012 aggregated to Rs. 6,936,491
(Previous year: 5,335,763/-) which has been included under the head
Other Expense - Rent.
9. The Company has recognised Rs. 525,109 (Previous Year Rs. 340,459)
in the Profit and Loss Account for the year ended 31st March 2012 under
Defined Contribution Plans
10. Director's remuneration Rs Nil (Previous Year Rs Nil).
11. Open interest in Equity Index/Stock Futures as at the balance
sheet date is NIL. Open interest in Equity Index/Stock Futures as at
the 31st March 2011 :
12. Option contracts outstanding as on the balance sheet date is NIL.
Option contracts were outstanding as on 31st March 2011.
13. Schedule in terms of paragraph 13 of Non - Banking financial (Non
- Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
14. Previous Year's figures have been regrouped/reclassified wherever
necessary to conform to the current year's classification.
Signature to Notes 1 to 19 forming part of the financial statements.
Mar 31, 2011
1. Background
Subhkam Capital Limited ('the Company') was incorporated in India on
December 27, 1991 as Principle Capital Markets Limited. On February 7,
1996 the name was changed to Principal Capital Markets Limited. On June
26, 2006 the name was further changed to Subhkam Capital Limited.
The Company is engaged in the business of dealing in share and
securities.
The Company received its certificate of registration as a non-banking
finance company on August 5, 1998 from the Reserve Bank of India (RBI),
Department of Non-Banking Supervision, Mumbai Regional Office, in its
former name "Principal Capital Markets Limited" which was changed
subsequently to Subhkam Capital Limited. The company has received the
revised certificate of registration from RBI subsequent to the change
of name.
2. Contingent Liabilities
Claims against the company not acknowledged as debt - Income Tax Demand
is Rs. 185,458 (Previous Year à Nil)
3. Deferred Tax Balances
On the basis of prudence, the company has not recognized deferred tax
assets essentially on account of unabsorbed depreciation and carry
forward of losses as at 31st March 2011, in the absence of virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
4. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. Further, during the year
there were no delays on making the payment to any micro or small
enterprise. This information has been determined on the basis of
information available with the company. This has been relied upon by
the Auditors.
5. Segment Information
The Company is primarily engaged in a single segment business of
finance and investment and is governed by risks and returns which are
similar. Accordingly, the disclosure requirements in terms of the
Accounting Standard on Segmental Reporting (AS-17) as notified under
Section 211(3C) of the Companies Act, 1956, are not applicable.
6. Related Party Disclosures :
a) Related parties with whom the Company had transactions during the
year:
Subhkam Ventures (I) Pvt. Ltd. Associate
Vilars Estates Pvt. Ltd. Associate
Subhkam Stocks and Shares Pvt. Ltd. Associate
7. The Company has placed fixed deposit of Rs. 1,13,702/- (Previous
Year Rs.1,53,414/-) with bank as margin money.
8. The Company has recognised Rs. 340,459 (Previous Year Rs. nil) in
the Profit and Loss Account for the year ended 31st March 2011 under
Defined Contribution Plans Disclosures for defined benefit plans based
on actuarial reports as 31st March, 2011: The net liability for
gratuity fund as at 31st March, 2011 is Rs. 89,320. (Previous Year: Rs
nil)
9. Director's remuneration Rs Nil (Previous Year Rs Nil).
10. The borrowings by the company during the year temporarily exceeded
the limits prescribed by the resolution under section 293(1)(d) of the
Companies Act, 1956. The company proposes to ratify the same in the
ensuing Annual General Meeting.
11. Schedule in terms of paragraph 13 of Non à Banking financial (Non
à Deposit accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007 is given in Annexure I.
12. Previous Year's figures have been regrouped /reclassified wherever
necessary to conform to the current year's classification.
Mar 31, 2010
1. Background
Subhkam Capital Limited (the Company) was incorporated in India on
December 27, 1991 as Principle Capital Markets Umited. On February 7,
1996 the name was changed to Principal Capital Markets Limited. On June
26, 2006 the name was further changed to Subhkam Capital Limited.
The Company is engaged in the business of dealing in share and
securities.
The Company received its certificate of registration as a non-banking
finance company on August 5, 1998 from the Reserve Bank of India (RBI),
Department of Non-Banking Supervision, Mumbai Regional Office, in its
former name "Principal Capital Markets Limited" which was changed
subsequently to Subhkam Capital Umited. The company has received the
revised certificate of registration from RBI subsequent to the change
of name.
2. Contingent Liabilities
Claims against the company not acknowledged as debt - Income Tax Demand
is Nil (Previous Year - Rs. 7,074,656)
3. Deferred Tax Balances
The company has recognised deferred tax assets on unabsorbed
depreciation and carry forward of losses as at 31* March 2010, only to
the extent of deferred tax liability and no further deferred tax assest
has been created on the basis of prudence, as there is no virtual
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
4. Dues to Micro, Small and Medium Enterprises
There are no dues to micro and small enterprises as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 which are
outstanding as at the Balance Sheet date. This information has been
determined on the basis of information available with the company. This
has been relied upon by the Auditors.
5. Segment Information
The Company is a non-banking finance company and is primarily engaged
in the single segment of investment and managed as one entity governed
by a similar set of risks and returns. The companys business
activities are confined only/in India.
6. Directors remuneration Rs Nil (Previous Year Rs Nil).
7. No employee benefits in the form of Provident Fund, Superannuation
and Gratuity etc. are applicable to the Company.
8. Schedule in terms of paragraph 13 of Non - Banking financial (Non -
Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank)
Directions, 2007 is given in Annexure I.
9. Previous Years figures have been regrouped/reclassified wherever
necessary to conform to the current years classification.
Signature to Schedules 1 to 13 forming part of the financial
statements.
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