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Notes to Accounts of Caspian Corporate Services Ltd.

Mar 31, 2018

1. CORPORATE INFORMATION

INTELLIVATE CAPITAL ADVISORS LIMITED (‘the Company'') is a public limited company incorporated and domiciled in India and has its registered office at 66/1, Hansa Villa, Opp. Indian Gymkhana, Bhaudaji Cross Road, Matunga (C.R), Mumbai 400019. The Company has its primary listings on the Bombay Stock Exchange (BSE). These financial statements have been approved for issue by the Board of Directors at their meeting help on May 28,2018.

The Company is engaged in the business of providing Advisory & Consultancy Services.

2. BASISOF PREPARATION AND MEASUREMENT

i. STATEMENTOF COMPLIANCE WITH IND AS

The Company''s Financial Statement as at the end for the year ended March 31st ,2018 have been prepared in accordance with provisions of the Indian Accounting Standards(“Ind AS”) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendments Rules, 2016.

For all the period upto and including the year ended March 31, 2017, the Company prepared its financial statements in accordance with the requirement of previous GAAP, which includes Accounting Standards notified under sections 133 of the CompaniesAct2013 read together with Companies(Accounting Standards) Rules, 2016. The date of transition to Ind AS is April 1, 2016. These financial statements for the year ended March 31, 2018 are Company''s first Ind AS financial statements. The disclosures relating to Ind AS 101, First-time adoption of Indian Accounting Standards have been given in Note No. 4.

All assets and liabilities are classified as current or non-current as per the company''s normal operating cycle and other criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the company has ascertained its operating cycle as 12 months for the purpose of current/non-current classification of assets and liabilities.

ii. ACCOUNTING CONVENTION AND BASIS OF MEASUREMENT

The Financial statements have been prepared on the Historical Cost Convention and on an accrual basis, except for certain financial assets and liabilities including defined benefit plans - plan assets measured at fair value.

iii. USEOF JUDGMENTS, ESTIMATESANDASSUMPTIONS

The preparation of financial statements in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amount of assets, liabilities, income and expenses and the disclosures of contingent liabilities and contingent assets. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

The area involving critical estimates and judgements are:

a. Useful lives of Property, plant and equipment and intangibles.

b. Measurement of defined benefit obligations.

c. Measurements and likelihood of occurrence if provisions and contingencies.

d. Recognition of deferred tax assets.

e. Impairment of Trade Receivables

3. Terms / Rights attached to the Equity Shares

The Company has only one class of Equity shares having a par value of Re. 1.00 per share (previous year Re. 1.00 per share) Each holder of the equity share is entitled to one vote per share. The company declares and pays dividend in Indian rupees. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing annual general meeting.

4. 30,55,481 Shares were alloted in the last 5 years pursuant to the Scheme of arrangement between Intellivete Capital Ventures Ltd, the demerged Company and Intellivate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on 20th January, 2012.

(a) The transactions entered with the related parties are in ordinary course of business and on arms length basis of the cos.

(b) Related parties relationship is as identified by the management and relied upon by the auditor.

(c) No amounts in respect of related parties have been written off/written back, nor provision made for doubtful during the year.

Note 5. Figures of Previous year have been rearranged / regrouped as and when necessary in terms of Current year''s grouping.


Mar 31, 2015

Additional Disclosure 1(A) :

I) During the Financial year 2013-14 Equity shares of Rs. 10/- each subdivided into 10 shares of Rs 1/- each with effect from 1/10/2013 accordingly total number of equity shares are 31,054,810

ii) 30,55,481 Shares were allotted in the last 5 years pursuant to the Scheme of arrangement between Intelligent Capital Ventures Ltd, the demerged Company and Indelicate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on20th January, 2012.

Note 1. (d) Rights, Preferences & Restrictions attach to equity shares

The Company has one class of Equity shares having par value of Rs 1/- per Share ( Previous Year Rs.10/- per share). Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim devid end. In the event of liquidation, the Equity Shareholder are eligible to receive the remaining assets of the company after distribution to all preferential amounts, in proportion to their shareholding.

Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Companies Act,1956. The company is engaged in the Business of Consultancy and Advisory Services.

1. 'As regards compliance of Provision as per the requirement of Sec 22 of the Micro, Small and Medium enterprises act 2006 relating to dues to the Micro, Small and Medium enterprises. The company has not received from any parties claim to be small scale industries and the said information is not given.

2. 'Segment Information

The company is pirating only in one segment.

17.15 Related party disclosures under Accounting Standard -18 List of Related Parties where Control exists:

Samco Securities Limited (formerly- Samruddhi Stock Brokers Ltd)

Samco Ventures Private Limited

Samco Commodities Limited (formerly-Samruddhi Tradecom India Ltd)

Samruddhi Finstock Ltd

Bombay Exim Pvt Ltd

Jinal Finvest Pvt Ltd

Jimeet Developers Pvt Ltd

Ashwa Realty (India) Pvt Ltd

Galaxy Realty Pvt Ltd

Niralee Properties Pvt Ltd

High Rise Realty Pvt Ltd

Anish Properties Pvt Ltd

Saria Builders & Developers Pvt Ltd

Piyali Builders & developers Pvt Ltd

Rock Builders & Developers Pvt Ltd

Win Sure Trade Invest Private Limited

Hansa Villa Realty Private Limited

ICVL Steels Ltd

Intellivate Capital Ventures Ltd.

3. Retirement Benefits

'Long Term Employee Benefits are not provided because no employee has completed full year of service.

4. Provision for Taxes

Provision for current tax has been made as per the provisions of the Income Tax Act 1961.

5. 'In the opinion of Management, the Current Assets, Loans And Advances are approximately of the value as stated if realized in the ordinary course of business.

6. 'Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

7. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current year's classification.


Mar 31, 2014

1. Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act,1956. The company is engaged in the Business of Consultancy and Advisory Services.

2. Additional Disclosure 1(A):

i) During the financial year Equity shares of Rs. 10/- each subdivided into 10 shares of Rs 1/- each with effect from 1/10/2013 accordingly total number of equity shares are 3,10,54,810

ii) 30,55,481 Shares were alloted in the last 5 years persuant to the Scheme of arrangement between Intellivete Capital Ventures Ltd, the demerged Company and Intellivate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on 20th January, 2012.

Note 3. (d) Rights, Preferences & Restrictions attach to equity shares

The Company has one class of Equity shares having par value of Rs 1/- per Share (Previous Year Rs.10/- per share). Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing Annul General Meeting, except in case of interim devidend. In the event of liquidation, the Equity Shareholder are eligible to receive the remeining assest of the company after distribution to all preferencial amounts, in proportion to their shareholding.


Mar 31, 2013

Note 1: Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act, 1956. The company is engaged in the Business of Consultancy and Advisory Services.

1.1 Retirement Benefits

Long Term Employee Benefits are not provided because no employee has completed full year of service.

1.2 Provision for Taxes

Provision for current tax has been made as per the provisions of the Income Tax Act 1961.

1.3 In the opinion of Management, the Current Assets, Loans and Advances are approximately of the value as stated if realised in the ordinary course of business.

1.4 Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

1.5 The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current year''s classification. The figures are not comparible with those of previous year due to demerger of ihe Advisory division, Chemical division and Steel division of Intellivate Capital Ventures Ltd.

1.6 The financial statements for the year ended March 31, 2013 are prepared as per the Revised Schedule VI under the Companies Act, 1956.


Mar 31, 2012

Note 1: Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act,1956. The company is engaged in the Business of Consultancy, Advisory .

2.1 In the opinion of Management, the Current Assets, Loans and Advances are approximately of the value as stated if realised in the ordinary course of business.

2.3 Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

2.4 This is the First Accounting period of the company therefore previous year figures are not given. The company was incorporated on 3rd March, 2011. Pursuant to the scheme of Arrangement U/s 391 to 394 and other applicable provisions of the Companies Act,1956. There was demerger of Advisory Division of the Intellivate Capital Ventures Limited with the company. The scheme of arrangement is sanctioned and approved by the Hon'ble High Court of judicature at Bombay on 16th December 2011, and upon filing the said order with Registrar of Companies, with Maharashta on 20th January,2012, the said scheme became effective.

Pursuant to the scheme of Arrangement U/s 391 to 394 and other applicable provisions of the Companies Act,1956. There was demerger of Advisory Division of the Intellivate Capital Ventures Limited with the company. Accordingly Income & Expenses of the advisory division is merged with the company.

2.5 The financial statements for the period ended March 31, 2012 are prepared as per the Revised Schedule VI under the Companies Act,1956.

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