Mar 31, 2015
1. Pursuant to the enactment of Companies Act 2013, the company has
applied the estimated useful life as specified in Schedule II.
Accordingly the unamortised carrying value is being depreciated /
amortised over the revised / remaining useful life. The written down
value of Fixed Assets whose lives have expired as at 15t April 2014
have been adjusted with the retained earning amounting to Rs. 26391/-
2. An amount of Rs. 1,70,848/- from the Net Profit for the year ended
31.3.2015 has been transferred to RBI Reserve Fund in accordance with
section 45-IC of the RBI Act, 1984 and Provision for Contingent
Provisions against Standard Assets @ 0.25% of Standard Assets has been
Provided as per RBI Notification No. DNBS.222/ CGM(US)-2011 dated
January 17, 2011.
3. Related Parties with whom transactions are taken place during the
year 2014-15 and relationship:
a) List of Related Paties and Relationship:
Key Management Personnel
Abhijit Puglia - Chief Financial Officer
Meenakshi Daga - Executive Director
Khushboo Kedia - Company Secretary
4. In the absence of necessary information with the company relating to
the registration of suppliers under the Micro, Small and Medium
Enterprises Development Act, 2006 the information required under
the Act Could not be Complied and Disclosed.
5. Previous year figures have been regrouped or rearranged wherever
necessary.
Mar 31, 2014
1) There were no employees receiving remuneration to the extent laid
down in section 217(2A) of the Companies Act, 1956,
2) An amount of Rs. 262,238/- from the Net Profit for the year ended
31.3.2014 has been transferred to RBI Reserve Fund in accordance with
section 45-IC of the RBI Act, 1984 and Provision for Contingent
Provisions against Standard Assets @ 0.25% of Standard Assets has been
Provided as per RBI Notification No. DNBS.222/CGM(US)-2011 dated
January 17,2011.
i) The Company has disclosed Business Segment as the primary segment.
Segments have been identified taking into account the nature of
product, services, the different risks and results, the organisation
structure and internal reporting system. The Company's operations
predominantly relates to trading in Shares & Finance. Other business
comprises brokerage etc.
ii) The Company's operations wholly relate to domestic market. The
export turnover is nil. As such there are no reportable geographical
segments.
iii) Segment Revenue, Segment Results, Segment Assets and Segment
Liabilities include the respective amounts identifiable to each of the
segment as also amounts allocated on a reasonable basis. The expenses,
which are not directly relatable to the business segment, are shown as
unallocated corporate cost. Assets and liabilities that cannot be
allocable between the segments are shown as unallocated corporate
assets and liabilities respectively.
3) The Company is a Smali And Medium Sized Company (SMC) as defined in
the general instruction in respect of the Accounting Standards notified
under the Companies Act, 1956.Accordingly the company has Complied with
the Accounting Standards as applicable to a Small and Medium Sized
Company.
4) In the absence of necessary information with the company relating
to the registration of suppliers under the Micro, Small and Medium
Enterprises Development Act, 2006 the information required under the
Act Could not be Complied and Disclosed,
5) Previous year figures have been regrouped or rearranged wherever
necessary.
Mar 31, 2013
1) There were no employees receiving remuneration to the extent laid
down in section 217(2A) of the Companies Act, 1956.
2) An amount of Rs. 37,426/- from the Net Profit for the year ended
31.3.2013 has been transferred to RBI Reserve Fund in accordance with
section 45-IC of the RBI Act, 1984 and Provision for Contingent
Provisions against Standard Assets @ 0.25% of Standard Assets has been
Provided as per RBI Notification No. DNBS.222/ CGM(US)-2011 dated
January 17,2011.
i) The Company has disclosed Business Segment as the primary segment.
Segments have been identified taking into account the nature of
product, services, the different risks and results, the organisation
structure and internal reporting system. The Company's operations
predominantly relates to trading in Shares & Finance. Other business
comprises brokerage etc.
ii) The Company's operations wholly relate to domestic market. The
export turnover is nil. As such there are no reportable geographical
segments.
iii) Segment Revenue, Segment Results, Segment Assets and Segment
Liabilities include the respective amounts identifiable to each of the
segment as also amounts allocated on a reasonable basis. The expenses,
which are not directly relatable to the business segment, are shown as
unallocated corporate cost. Assets and liabilities that cannot be
allocable between the segments are shown as unallocated corporate
assets and liabilities respectively.
3) The Company is a Small And Medium Sized Company (SMC) as defined in
the general instruction in respect of the Accounting Standards notified
under the Companies Act, 1956.Accordingly the company has Complied with
the Accounting Standards as applicable to a Small and Medium Sized
Company.
4) In the absence of necessary information with the company relating
to the registration of suppliers under the Micro, Small and Medium
Enterprises Development Act, 2006 the information required under the
Act Could not be Complied and Disclosed.
5) Previous year figures have been regrouped or rearranged wherever
necessary.
Mar 31, 2012
1) There were no employees receiving remuneration to the extent laid
down in section 217(2A) of the Companies Act, 1956.
2) No amount of the Net Profit for the year ended 31.3.2012 has been
transferred to RBi Reserve Fund in accordance with section 45-iC of the
RBI Act, 1984 as there is no profit available in the concerned year and
Provision for Contingent Provisions against Standard Assets @ 0.25% of
Standard Assets has been Provided as per RBI Notification No. DNBS.222/
CGM(US)-2011 dated January 17, 2011.
Mar 31, 2011
1 Fixed assets both tangible and intangible assets are tested for
impairment every year and impairment loss if any is provided/adjusted
as applicable.
2 As per information given to us and as per information available with
the company there are no outstanding to Small Scale Industries at the
year end.
3 There were no employees receiving remuneration to the extent laid
down in section 217(2A) of the Companies Act, 1956.
4 An amount of Rs 66469/- comprising 20% of the Net Profit for the year
ended 31.3.2011 has been transferred to RBI Reserve Fund in accordance
with section 45-IC of the RBI Act, 1984 and Provision for Contingent
Provisions against Standard Assets @ 0.25% of Standard Assets has been
Provided as per RBI Notification No. DNBS.222/ CGM(US)-2011 dated
January 17, 2011.
5 No provision for Gratuity has been made as none of the employees
have completed the required years of service.
6 The Company is a Small And Medium Sized Company (SMC) as defined in
the general instruction in respect of the Accounting Standards notified
under the Companies Act, 1956.Accordingly the company has Complied with
the Accounting Standards as applicable to a Small and Medium Sized
Company.
7 In the absence of necessary information with the company relating to
the registration of suppliers under the Micro,Small and Medium
Enterprises Development Act, 2006 the information required under the
Act Could not be Complied and Disclosed.
8 Previous year figures have been regrouped or rearranged wherever
necessary.