Mar 31, 2015
1. Cash and Cash Equivalents
In the cash fow statement, cash and cash equivalents includes cash and
cash cheques in hand, demand deposits with banks, other short-term
highly liquid investments with original maturities of three months or
less.
2. Significant and material Orders passed by the Regulators or Courts
SEBI vide Order No. WTM/RKA/ ISD/ 162 /2014 dated 19th December 2014
and re-confirmation Order No. WTM/RKA/ISD/31/2015 dated 20th April 2015
in the matter of dealing in the Shares of First Financial Services
Limited where in the Company has been debarred from accessing Capital
Market
For the time being. Further, there are no other significant and
material orders passed by the Regulators/ Courts that would impact the
going concern status of the Company and its future operations.
3. Previous Year figures have been regrouped / classified wherever
necessary.
A Reconciliation of outstanding share not applicable as there is no
movement during the year
B Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. In the event of liquidation of the company, the holders of
equity share will be entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the shareholders.
C The company has not issued any bonus shares or any shares for
consideration other than cash, nor the company has bought during the
period of five year immediately preceding the previous year
D Details of shareholders holding more than 5% shares in the company
4. Basic and diluted earnings per shares is computed by dividing the
net Profit attributable to equity share holders for the year, by the
weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net
Profit or loss for the year attributable to equity share holders and
the weighted average number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity shares.
5. RELATED PARTY DISCLOSURE
Names of related parties and related party relationship Key Management
Person of Company
a) RAVI KUMAR NEWATIA
b) SUSHIL KUMAR MITTAL
c) ANIL KUMAR AGARWAL
d) SUNIL KUMAR GUPTA
e) ANITA MITTAL
Enterprises over Which Key Management Personnel have significant
influence
Charishma Combines Pvt. Ltd.
Darshan Vyapaar Pvt. Ltd.
OM Vincom Pvt. Ltd.
Ranisati Mercantile Pvt. Ltd.
Ritesh Construction Pvt. Ltd.
Ritesh Real Estates Pvt. Ltd.
Ritesh Stock Broking Pvt. Ltd.
Shiv Shankar Securities Pvt. Ltd.
Speed Business Pvt. Ltd.
VPL Oil Marketing Pvt. Ltd.
Mar 31, 2014
1. In the opinion of the Board, Current Assets, Loans and Advances are
approximately of the value state, if realized in the ordinary course of
business. Provisions for all known liabilities are adequate and not in
excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for - Rs. Nil
Particulars of Director''s Remuneration (In Rupees)
3. Rs. Nil has been paid to Directors as Directors'' Remuneration for
the Year (P.Y. Rs. Nil)
Differed Tax on Income
4. Differed Tax Asset (Net) for the year ended 31st March 2014 amounts
to Rs Nil
5. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
6. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2014. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
7. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
8. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
9. A Reconciliation of outstanding share not applicable as there is no
movement during the year
B Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. In the event of liquidation of the company, the holders of
equity share will be entitled to receive remaining assets of the
company, after distribution of all perferential amounts.The
distribution will be in proportion to the number of equity shares held
by the shareholders.
C The company has not issued any bonus shares or any shares for
consideration other than cash, nor the company has bought during the
period of five year immediately preceeding the pervious year
D Details of shareholders holding more than 5% shares in the company
10. Basic and diluted earnings per shares is computed by dividing the
net profit attributable to equity share holders for the year, by the
weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earning per share, the net
profit or loss for the year attributable to equity share holders and
the weighted average number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity shares.
Mar 31, 2013
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for  Rs. Nil
Particulars of Director''s Remuneration (In Rupees)
3. Rs. Nil has been paid to Directors as Directors'' Remuneration for
the Year (P.Y. Rs. Nil)
Related Party Transactions
4. Key Management Personnel Â
a. Mr. Arun Kr. Agarwal
b. Ravi Kr. Newatia
5. Subsidiary & Group Companies or Companies under same management Â
1. Ritesh Real Estates Private Limited
2. Ritesh Construction Private Limited
3. Charisma Combines Private Limited
4. Ranisati Mercantile Private Limited
5. Indo Polysacks Private Limited
6. Shiv Shankar Securities Private Limited
7. Speed Business Private Limited
8. Ritesh Stock Broking Private Limited
9. Om Vincom Private Limited
10. VPL Oil Marketing Private Limited
11. Darshan Vyapaar Private Limited
Differed Tax on Income
6. Differed Tax Asset (Net) for the year ended 31st March 2013
amounts to Rs Nil
7. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
8. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2013. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
10. Previous years'' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Mar 31, 2012
1. None of the Raw Materials, Stores, Spares and Components consumed
or purchased during the year have been imported.
2. None of the Earnings / Expenditures is in Foreign Currency.
3. Balance of Debtors, Creditors, Deposits, Loans and Advances are
subject to confirmation.
4. In the opinion of the Board, the Current Assets, Loans & Advances
are approximately of the value stated if realized in the ordinary
course of business. The provision for depreciation and all known
liabilities are adequate and not in excess of the amounts reasonably
necessary.
5. Investments of the Company have been considered by the management
to be of a long term nature and hence they are long term investments
and are valued at cost of acquisitions.
Segment Report
6. Segment reporting as defined in Accounting Standard 17 is not
applicable as the Company is primarily engaged in NBFC Activities as
well as Investments in Shares & Securities. As informed to us, there
are not separate segment within the Company as defined as 17 (Segment
Report).
7. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
8. Contingent Liabilities not provided for - Rs. Nil
Particulars of Director's Remuneration (In Rupees)
9. Rs. Nil has been paid to Directors as Directors' Remuneration for
the Year (P.Y. Rs. Nil)
Related Party Transactions
10. Key Management Personnel -
a. Mr. Arun Kr. Agarwal
b. Ravi Kr. Newatia
c. Ritesh Kr. Newatia
d. Prasanta Dhar
e. Vikash Kr. Agarwal
f. Ashok Bothra
11. Subsidiary & Group Companies or Companies under same management -
i. Ritesh Real Estates Pvt Ltd
ii. Ritesh Construction Pvt Ltd
iii. Charisma Combines Pvt Ltd
iv. Ranisati Mercantiles Pvt Ltd
v. Indo Polysacks Pvt Ltd
vi. Shiv Shankar Securitiies Pvt Ltd
vii. Speed Business Pvt Ltd
viii. Ritesh Stock Broking Pvt Ltd
ix. Om Vincom Pvt Ltd
x. VPL Oil Marketing Pvt Ltd
xi. Darshan Vyapaar Pvt Ltd
12. Differed Tax Asset (Net) for the year ended 31st March 2012 amounts
to Rs Nil
13. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
14. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2012. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
15. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act, 1956 to the extent
applicable is as under:
16. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
A Reconciliation of outstanding share not applicable as there is no
movement during the year
B Terms/rights attached to equity shares
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share. In the event of liquidation of the company, the holders of
equity share will be entitled to receive remaining assets of the
company, after distri- bution of all perferential amounts.The
distribution will be in proportion to the number of equity shares held
by the shareholders.
C The company has not issued any bonus shares or any shares for
consideration other than cash, nor the company has bought during the
period of five year immediately preceeding the pervious year
17 Basic and diluted earnings per shares is computed by dividing the
net profit attributable to equity share holders for the year, by the
weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earning per share, the net
profit or loss for the year attributable to equity share holders and
the weighted average number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity shares.
18 RELATED PARTY DISCLOSURE
Names of related parties and related party relationship Key Management
Person of Company
a) RITESH KUMAR NEWATIA
b) RAVI KUMAR NEWATIA
c) ARUN KUMARAGARWAL
d) VIKAS KUMARAGARWAL
e) ASHOK BOTHRA
f) PRASANTADHAR
Enterprises over Which Key Management Personnel have significant
infulance
Ritesh Real Estates Pvt. Ltd.
Ritesh Construction Pvt. Ltd.
Charishma Combines Pvt. Ltd.
Ranisati Mercantile Pvt. Ltd.
Indo Polysacks Pvt. Ltd.
Shiv Shankar Securities Pvt. Ltd.
Speed Business Pvt. Ltd.
Ritesh Stock Broking Pvt. Ltd.
OM Vincom Pvt. Ltd.
VPL Oil Marketing Pvt. Ltd.
Darshan Vyapaar Pvt. Ltd.
19 Previous year figures
Till the year ended 31st March 2011, the company was using pre-revised
Schedule VI to the Companies Act 1956, forpreparation and presentation
of its financial statements. During the year ended 31st March 2012,.
The revised Schedule Vlnotified under the Companies Act 1956, has
become applicable to the company. The company has reclassified previous
yearfiguresto conform to this year's classification. The adption of
revised Schedule VI does not impact recognition and measurement
principles followed for preparation of financial statements,
particularly presentation of balance sheet.
20. General Information
DYNAMIC PORTFOLIO MANAGEMENT AND SERVICES LIMITED having Registered
Office at 53A, Mirza Ghalib Street, 4th Floor, Kolkata-700016. The
Company has carried on NBFC Business during the financial Year 2011-12.
The Company is a public limited company and its shares are listed in
Bombay Stock Exchange Limited.
Mar 31, 2010
1. In the opinion of the Board, Current Assets, Loans and Advances
are approximately of the value state, if realized in the ordinary
course of business. Provisions for all known liabilities are adequate
and not in excess of the amount considered necessary for the same.
Contingent Liabilities
2. Contingent Liabilities not provided for - Rs. Nil Particulars of
Directors Remuneration (In Rupees)
3. Rs. Nil has been paid to Directors as Directors Remuneration for
the Year (RY. Rs. Nil) Related Party Transactions
4. Key Management Personnel -
a. Mr. Arun Kr. Agarwal
b. Ravi Kr. Newatia
c. Ritesh Kr. Newatia
d. S. C. Agarwala
e. Vikas Kr. Agarwal
f. Ashok Bothra
5. Subsidiary & Group Companies or Companies under same management -
i. Ambaa Securities Pvt Ltd
ii. Ritesh Commercial Holdings Ltd
iii. Ritesh Properties Pvt Ltd
iv. Ritesh Real Estates Pvt Ltd
v. Ritesh Construction Pvt Ltd
vi. Ritesh Nirmaan Pvt Ltd
vii. Ritesh Projects Pvt Ltd
viii. Shivshankar Securities Pvt Ltd
ix. Speed Business Pvt Ltd
x. Ritesh Stock Broking Pvt Ltd
xi. Om Vincom Pvt Ltd
xii. VPL Oil Marketing Pvt Ltd
xiii. Darshan Vyapaar Pvt Ltd
6. Differed Tax Asset (Net) for the year ended 31st March 2010
amounts to Rs 292/-
7. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
8. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2010. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Com- pany.
9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of
Part II of Schedule VI of the Companies Act,
to the extent applicable is as under:
10. Previous years figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article