Mar 31, 2015
1.1 Contingent Liabilities and Commitments :
The Company is contingently liable for bank guarantees outstanding for
an amount of Rs.230 lacs (Previous Year Rs.180 lacs ).
1.2 Contracts: Estimated amounts of contract remaining to be executed
on capital account are Nil
1.3 Shares received from Clients as margin in Furures & option and
Capital market have been deposited with our clearing member M/s Globe
Capital Market Ltd. and Lying with the depository participant have not
been taken in our books of accounts as the beneficial ownership belongs
to the clients only.
1.4 Segmental Reporting under Accounting Standard -17, issued by ICAI
is not applicable to the Company.
1.5 Related party Disclosure
As per accounting standard 18 on "Related party Disclosure" issued by
the Institute of Chartered Accountants of India the disclosure of
transactions with the related party is as under:
1.6 "Information pursuant to the provisions of Section 22 of Micro,
Small and Medium Enterprises Development Act, 2006 During the year
company has not paid any interest in terms of the section 18 of the
above mentioned act.No principal amount or interest amount are due at
the end of this accounting year which is payable to any Micro, Small or
Medium enterprises as defined in the Micro, Small and Medium
Enterprises Development Act, 2006."
1.7 "The accounts of certain Sundry Debtors and Creditors, Advances
for supplies and are subject to confirmation / reconciliation and
adjustment, if any. The Management does not expect any material
difference affecting the current year's financial statements. In the
opinion of the management, the current assets, loans and advances are
expected to realize at least the amount at which they are stated, if
realized in the ordinary course of business "
1.8 The Company has prepared these financial statements as per the
format prescribed by Revised Schedule III to the Companies Act, 2013
('the schedule') issued by Ministry of Corporate Affairs. Previous
Year figures have been recast/restated, regrouped, rearranged,
reclassified to conform to the classification of the current year.
1.9 "The Current Period refers to the period April 01, 2014 to March
31, 2015. (Previous year refers to April 01, 2013 to March 31,
2014)."
Mar 31, 2014
1 Background
NDA Securities Limited is Formed on 21.09.1992 vide Registraton No.
L74899DL1992PLC050366. Mr. Sanjay Agarwal, Mrs. Deepti Agarwal, Mr.
Uma Shanker Gupta, Mr. Lalit Gupta and Mr. Ram Kishan Sanghi are the
Present Directors of the Company.The Company has trading membership in
National Stock Exchange, Bombay Stock Exchange, Mcx Currency Exchange
and it is also a Depository Participant of National Securities
Depositaries Ltd.
2.1 Shareholders funds
2.1.1 Share Capital
d) The Company has not allotted any fully paid up equity shares without
payment being received in cash and by way of bonus shares nor has
bought back any class of equity shares during the period of five years
immediately preceding the balance sheet date.
2.2.2 Deferred Tax Liability (NET)
As per the requirement of the Accounting Standard 22 on "Accounting for
Taxes on Income" issued by the Institute of Chartered Accountants of
India, the net deferred tax liabilities written off from Statement of
Profit and Loss A/c is Rs.4,66,136/- [Previous Year - Deferred Tax
Liability Debited Rs. 4,40,827/-]. The year-end position of Deferred
Tax Liability is given below:
Trade payables include Rs. Nil payable to related parties. *Margin
include Rs. 3,22,692/- payable to related parties
(During the year the Company has sold 5,40,000/- share of its
Subsidiary Co @ Rs. 11 Each out of which 90000 share has been sold to
Director of the Company
(An Amount of Rs. 156095 has been write off during the year as the
realisable value of quoted invest- ment is Nil
Inventories being Stock are valued lower of cost and realisable value
is Nil.
No provision has been made for for Rs 8.11 Lacs as the realisable value
of stock is Nil.
3.1 Contingent Liabilities and Commitments :
The Company is contingently liable for bank guarantees outstanding for
an amount of Rs.180 lacs (Previous Year Rs.180 lacs).
3.2 Contracts: Estimated amounts of contract remaining to be executed
on capital account are Nil
3.3 Shares received from Clients as margin in Furures & option and
Capital market have been deposited with our clearing member M/s Globe
Capital Market Ltd. and Lying with the depository participant have not
been taken in our books of accounts as the beneficial ownership belongs
to the clients only.
3.4 Segmental Reporting under Accounting Standard -17, issued by ICAI
is not applicable to the Company.
3.5 Related party Disclosure
As per accounting standard 18 on "Related party Disclosure" issued by
the Institute of Chartered Accountants of India the disclosure of
transactions with the related party is as under:
(a) Related Parties
Mr. N. D. Agarwal Relative Of Director
N D Agarwal & Sons (HUF) Relative HUF
Uma Shanker Gupta & Sons (HUF) Relative HUF
Seema Gupta Relative Of Director
Ashutosh Gupta Relative Of Director
b) Key Managerial Personnel
Mr. Sanjay Agarwal Managing Director
Mrs. Deepti Agarwal Whole time Director
Mr. U. S. Gupta Director
Lalit Gupta Director
Ram Kishan Sanghi Director
c) Related Concerns
NDA Share Brokers Ltd. Subsidiary Company
NDA Commodity Brokers P. Ltd Subsidiary Company
NDA Realties Pvt Ltd. Group Company
NDA Research & Technologies
P Ltd sGroup Company
3.6 Information pursuant to the provisions of Section 22 of Micro,
Small and Medium Enterprises Development Act, 2006 During the year
company has not paid any interest in terms of the section 18 of the
above mentioned act.No principal amount or interest amount are due at
the end of this accounting year which is payable to any Micro, Small or
Medium enterprises as defined in the Micro, Small and Medium
Enterprises Development Act, 2006.
3.7 The accounts of certain Sundry Debtors and Creditors, Advances for
supplies and are subject to confirmation / reconciliation and
adjustment, if any. The Management does not expect any material
difference affecting the current year''s financial statements.In the
opinion of the management, the current assets, loans and advances are
expected to realize at least the amount at which they are stated, if
realized in the ordinary course of business
3.8 The Company has prepared these financial statements as per the
format prescribed by Revised Schedule VI to the Companies Act, 1956
(''the schedule'') issued by Ministry of Corporate Affairs. Previous
year figures have been recast/restated,regrouped, rearranged,
reclassified to conform to the classification of the current year.
3.9 The Current Year refers to the period April 01, 2013 to Mar 31,
2014. (Previous year refers to April 01,2012 to March 31, 2013).
Mar 31, 2013
1 Background
NDA Securities Limited is Formed on 21.09.1992 vide Registraton No.
L74899DL1992PLC050366. Mr. Sanjay Agarwal, Mrs. Deepti Agarwal, Mr.
Uma Shanker Gupta, Mr. Lalit Gupta and Mr. Ram Kishan Sanghi are the
Present Directors of the Company.The Company has trading membership in
National Stock Exchange, Bombay Stock Exchange, Mcx Currency Exchange
and it is also a Depository Participant of National Securities
Depositaries Ltd.
2.1 Contingent Liabilities and Commitments :
The Company is contingently liable for bank guarantees outstanding for
an amount of Rs.150 lacs (Previous Year Rs.180 lacs ).
2.2 Contracts: Estimated amounts of contract remaining to be executed
on capital account are Nil
2.3 Shares received from Clients as margin in Furures & option and
Capital market have been deposited with our clearing member M/s Globe
Capital Market Ltd. and Lying with the depository participant have not
been taken in our books of accounts as the beneficial ownership belongs
to the clients only
2.4 Segmental Reporting under Accounting Standard -17, issued by ICAI
is not applicable to the Company.
2.5 Related party Disclosure
As per accounting standard 18 on "Related party Disclosure" issued by
the Institute of Chartered Accountants of India the disclosure of
transactions with the related party is as under:
a) Related Party where control exists:
Mr. N. D. Agarwal Relative Of Director
N D Agarwal & Sons (HUF) Relative HUF
Uma Shanker Gupta & Sons (HUF) Relative HUF
Seema Gupta Relative Of Director
Ashutosh Gupta Relative Of Director
b) Key Managerial Personnel
Mr. Sanjay Agarwal Managing Director
Mrs. Deepti Agarwal Whole time Director
Mr. U. S. Gupta Director
Lalit Gupta Director
Ram Kishan Sanghi Director
c) Related Concerns
NDA Share Brokers Ltd. Subsidiary Company
NDA Commodity Broker P. Ltd Subsidiary Company
NDA Realties Pvt Ltd. Group Company
NDA Research & Technologies P Ltd Group Company
2.5 Information pursuant to the provisions of Section 22 of Micro,
Small and Medium Enterprises Development Act, 2006 During the year
company has not paid any interest in terms of the section 18 of the
above mentioned act.
No principal amount or interest amount are due at the end of this
accounting year which is payable to any Micro, Small or Medium
enterprises as defined in the Micro, Small and Medium Enterprises
Development Act, 2006.
2.6 The accounts of certain Sundry Debtors and Creditors, Advances for
supplies and are subject to confirmation / reconciliation and
adjustment, if any. The Management does not expect any material
difference affecting the current year''s financial statements.
In the opinion of the management, the current assets, loans and
advances are expected to realize at least the amount at which they are
stated, if realized in the ordinary course of business.
2.7 The Company has prepared these financial statements as per the
format prescribed by Revised Schedule VI to the Companies Act, 1956
(''the schedule'') issued by Ministry of Corporate Affairs. Previous
year figures have been recast/restated,regrouped, rearranged,
reclassified to conform to the classification of the current year.
2.8 The Current Year refere to the period April 01,2012 to March
31,2013. (Previous year refers to April 01, 2011 to March 31,201
Mar 31, 2012
1. The Company is contingently liable for bank guarantees outstanding
for an amount of Rs. 180 Lac (Previous Year Rs. 280 Lac).
2. Figures of the previous year have been regrouped/ rearranged
wherever necessary to make them comparable with figures of current
year.
3. Estimated amount of contracts remaining to be executed on capital
account are Rs. NIL Previous Year NIL.
4. Sundry Debtors, Loans, Advance, Deposits and Creditors are subject
to confirmation.
5. In the opinion of management, debtors, deposits, advances and other
current assets are recoverable at par of book value in the ordinary
course of business.
6. No provision has been made for the shortfall of Rs. 8.11 Lac (PY
Rs. 8.11 Lac) in respect of fall of market value of stocks-in-trade of
shares. Due to non-provision of this short fall profit of the Company
has increased by Rs. 8.11 Lac (PY Rs. 8.11 Lac).
7. No provision of Rs. 1.56 Lacs (PY Rs. 1.56 Lacs) has been made for
the shortfall in respect of the cost value and the market value of long
term quoted investments as the Directors are of the opinion that
diminution in value is not permanent.
8. Paisa have been rounded off to the nearest Rupee.
9. Information with regard to other matters specified in clauses
3(ii), 3(iv), 3(x), 4, 4(A), 4(C) & 4(D) of Part-II of Schedule-VI to
the Companies Act, 1956 to the extent that they are either Nil or not
applicable to the Company has not been given.
10. Shares received from Clients as Margin in futures & Options and
capital market Segment have been deposited with our Clearing Member
M/s. Globe Capital Markets Ltd., and lying with the Depository
participant, have not been taken in our books as the beneficial
ownership belongs to the clients only
11. Schedules 1 to 15 form an integral part of the Balance Sheet and
Profit and Loss Account.
12. Segment reporting under Accounting Standard - 17 issued by ICAI is
not applicable to the Company
13. Borrwoing Cost on loan: Borrowing cost of Rs. Nil on Term loan
against property advance (Investments) has been capitalized during the
year, previous year Rs. 8,59,196/-
14. Earning per share as required by Accounting Standard (AS-20),
issued by ICAI is given below:-
Mar 31, 2010
1. The Company is contingently liable for bank guarantees outstanding
for an amount of Rs. 280 Lac (Previous Year Rs. 280 Lac). and the
company is also contingently liable for corporate guarantee given to
its subsidiary company for bank guarantee of Rs. 200 lac (Previous year
200 lac).
2. Figures of the previous year have been regrouped/ rearranged
wherever necessary to make them comparable with figures of current
year.
3. Estimated amount of contracts remaining to be executed on capital
account are Rs. NIL Previous Year NIL.
4. Sundry Debtors, Advance, Deposits and Creditors are subject to
confirmation.
5. In the opinion of management, debtors, deposits, advances and other
current assets are recoverable at par of book value in the ordinary
course of business.
6. No provision has been made for the shortfall of Rs. 8.11 Lac in
respect fall of market value of stocks- in-trade of shares. Due to
non-provision of this short fall profit of the Company has increased by
Rs. 8.11 Lac.
7. No provision has been made for the shortfall in respect of the cost
value and the market value of long term quoted investments as the
Directors are of the opinion that diminution in value is not permanent.
8. Paisa have been rounded off to the nearest Rupee.
9. Information with regard to other matters specified in clauses
3(ii), 3(iv), 3(x), 4, 4(A), 4(C) & 4(D) of Part-II of Schedule-VI to
the Companies Act, 1956 to the extent that they are either Nil or not
applicable to the Company has not been given.
10. Shares received from Clients as Margin in futures & Options and
capital market Segment have been deposited with our Clearing Member
M/s. Globe Capital Markets Ltd., and lying with the Depository
participant, have not been taken in our books as the beneficial
ownership belongs to the clients only.
11. Schedules 1 to 14 form an integral part of the Balance Sheet and
Profit and Loss Account.
12. Segment reporting under Accounting Standard à 17 issued by ICAI is
not applicable to the Company.
13. Related party disclosures as required by Accounting Standard
(AS-18), issued by ICAI, are given below:- (a)
1) NDA Share Brokers Ltd. Subsidiary Company
2) NDA Commodity Brokers Pvt. Ltd. Subsidiary Company
3) NDA Research & Technologies Pvt. Ltd. Group Company
4) NDA Realties. Ltd. Group Company
(b) Other related parties with whom transactions have taken place
during the year. Key Management personnel and their relatives
- Mr. N. D. Agarwal (Consultant)
- Mr. Sanjay Agarwal (Managing Director)
- Deepti Agarwal (Director)
- Mr. U.S. Gupta (Director)
14. Borrwoing Cost on loan: Borrowing cost of Rs. 28,95,740/- on Term
loan against property has been capitalized during the year, previous
year Rs. 26,95,495/- 17. Earning per share as required by Accounting
Standard (AS-20), issued by ICAI is given below:-
15. Additional information as required under IV of Schedule VI to the
Companies Act, 1956 is enclosed.