Mar 31, 2013
1. Segment Reporting
Based on the guiding principles given in Accounting Standard on
'Segment Reporting issued by The Institute of Chartered Accountants of
India the Company's primary business segments are Share Trading &
Investment.
2. All purchases of shares , debentures or bonds by the company are
with a view of Investment(except those shown as for trading) in
accordance with the Main objects of the company.
(i) Purchases of Investments include those in which the concerned
scrips were not invariably transferred in the name of the Company,
irrespectively of whether the same were subsequently sold.
(ii) For verification of investments as on 31-3-2013.
In the case of those scrips for which the concerned certificates duly
transferred in the name of the company are not available with the
company, purchase bills have been relied upon by the auditors.
3. There was no employee of the company who was in receipt of or
entitled to receive emoluments in the aggregate at a rate of Rs.
25,000/- or more per month.
4. Balance confirmation of sundry debtors, sundry creditors, Advances
recoverable are not obtained and are subject to confirmation.
5. Investment hedge (Net) in the Profit & Loss Account represent,
settlements by way of price difference on purchases and sales (of
shares and other scrips) as per brokers/parties bills.
6. In the case of market value of listed shares in investment whenever
the quotation of any share as on 31st March 2013 has not been
available, the earlier quotation available has been taken as market
value.
7. Unclaimed dividend of Rs.24805/- is held in a separate Banking
account(though not opened for the purpose) and no due amount is yet
transferred to Government.
8. The Company is presently categorized as NBFC (Investment Co.) and
not holding Public Deposits. However, during the year under audit,
Company has not maintained dual criteria of asset income pattern. The
Company has applied for decategorisation as the Company is purely a
trading Company and dealing in Shares only without holding any Public
Deposits.
9. Previous year figures have been regrouped whenever necessary
Mar 31, 2012
1. All purchases of shares, debentures or bonds by the company are with
a view of Investment(except those shown as for trading) in accordance
with the Main objects of the company.
(i) Purchases of Investments include those in which the concerned
scrips were not invariably transferred in the name of the Company,
irrespectively of whether the same were subsequently sold.
(ii) For verification of investments as on 31-3-2012.
In the case of those scrips for which the concerned certificates duly
transferred in the name of the company are not available with the
company, purchase bills have been relied upon by the auditors.
2. There was no employee of the company who was in receipt of or
entitled to receive emoluments in the aggregate at a rate of Rs.
25,000/- or more per month.
3. Balance confirmation of sundry debtors, sundry creditors, Advances
recoverable are not obtained and are subject to confirmation.
4. Investment hedge (Net) in the Profit & Loss Account represent,
settlements by way of price difference on purchases and sales (of
shares and other scrips) as per brokers/parties bills.
5. In the case of market value of listed shares in investment whenever
the quotation of any share as on 31st March 2012 has not been
available, the earlier quotation available has been taken as market
value.
6. Unclaimed dividend of Rs.26,590/- is held in a separate Banking
account(though not opened for the purpose) and no due amount is yet
transferred to Government.
7. Previous year figures have been regrouped whenever necessary
Mar 31, 2011
1. Segment Reporting
Based on the guiding principles given in Accounting Standard on
'Segment Reporting issued by The Institute of Chartered Accountants of
India the Company's primary business segments are Share Trading &
Investment.
Financial information about the primary business segments are presented
in the table given below:
2. All purchases of shares , debentures or bonds by the company are
with a view of Investment(except those shown as for trading) in
accordance with the Main objects of the company.
(i) Purchases of Investments include those in which the concerned
scrips were not invariably transferred in the name of the Company,
irrespectively of whether the same were subsequently sold.
(ii) For verificatin of investments as on 31-3-2013.
In the case of those scrips for which the concerned certificates duly
transferred in the name of the company are not available with the
company, purchase bills have been relied upon by the auditors.
3. There was no employee of the company who was in reciept of or
entitled to receive emoluments in the aggregate at a rate of Rs.
25,000/- or more per month.
4. Balance confirmation of sundry debtors, sundry creditors, Advances
recoverable are not obtained and are subject to confirmation.
5. Investment hedge (Net) in the Profit & Loss Account represent,
settlements by way of price difference on purchases and sales (of
shares and other scrips) as per brokers/parties bills.
6. In the case of market value of listed shares in investment whenever
the quotation of any share as on 31st March 2013 has not been
available, the earlier quotation available has been taken as market
value.
7. Unclaimed dividend of Rs.24805/- is held in a separate Banking
account(though not opened for the purpose) and no due amount is yet
transferred to Government.
8. The Company is presently categorised as NBFC (Investment Co.) and
not holding Public Deposits.However, during the year under audit,
Company has not maintained dual criteria of asset income pattern. The
Company has applied for decategorisation as the Company is purely a
trading Company and dealing in Shares only without holding any Public
Deposits.
9. Previous year figures have been regrouped whenever necessary
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