Mar 31, 2014
1 Corporate information
The Company is RBI Registered Non Banking Financial Company (Non
Deposit taking) engaged in the business of investment, trading in
shares and securities & Lending Activities.
Rights of Equity Shareholders
The Company has only one class of Equity Shares having par value of
Rs.10. Each holder of equity shares is entitled to one vote per share.
In the event of liquidation of the Company, the holder of equity shares
will being entitled to receive any of the remaining assets of the
company, after distribution of all preferential amount.
Note Particulars
2.1 Contingent liabilities and commitments (to the extent not provided
for)
(i) -As per Income Tax Department following tax demand is outstanding
against the company & it has not been provided in the accounts.
Assessment Demand u/s Short Amount paid Status of
Year Provision Protest / Refund Appeal
Adjusted
2008- 09 u/s 143 (3) 626759 2000000 Dept Appeal with
ITAT Pending
2009- 10 u/s 143 (3) 4311549 4311549 Dept Appeal with
ITAT Pending
2010- 11 u/s 143 (3) 1149123 1026610 Appeal with CIT
(A) pending
2011- 12 u/s 143 (3) 794908 - Rectification
of order u/s
143(3) pending
2.2 Trade Receivables, Trade Payables, Loans & Advances are subject to
confirmation
2.3 Employee benefit plans
As number of employees working in company are less than ten, provision
for gratuity as per Accounting Standard 15 issued by Institute of
Chartered Accountants of India does not apply to the company
The company has made provision for Leave Salary on the actual balance
leaves of the employees at year end at the basic salary of the
employees for the month of March 2014.
2.4 Profit from commodity segment consists of arbitrage in commodities
on various commodity exchanges.ie National Spot Exchange, NCDEX, MCX
through C& F Agents.
The Company has recognised deferred tax asset on unabsorbed
depreciation to the extent of the corresponding deferred tax liability
on the difference between the book balance and the written down value
of fixed assets under Income Tax (or) The Company has recognised
deferred tax asset on unabsorbed depreciation and brought forward
business losses based on the Management''s estimates of future
profits.
Note 3
Note Particulars
3.1 Previous year''s figures
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2013
1 Corporate information
The Company is RBI Registered Non Banking Financial Company (Non
Deposit taking) engaged in the business of investment, trading in
shares and securities & Lending Activities.
2.1 Trade Receivables, Trade Payables, Loans & Advances are subject to
confirmation
2.2 Employee benefit plans
Gratuity Liability has not been provided for in accordance with
Accounting Standard 15 issued by Institute of Chartered Accountant of
India and unascertained
The company has made provision for Leave Salary on the actual balance
leaves of the employees at year end at the basic salary of the
employees for the month of March 2013.
2.3 Profit from commodity segment consists of arbitrage in commodities
on various commodity exchanges.ie National Spot Exchange, NCDEX, MCX
through C& F Agents.
2.4 Previous year''s figures
Previous year''s figures have been regrouped / reclassified wherever
necessary to correspond with the current year''s classification /
disclosure.
Mar 31, 2012
1. Corporate information
The Company is RBI Registered Non Banking Financial Company
(Non Deposit taking) engaged in the business of investment,
trading in shares and securities & Lending Activities.
Rights of Equity Shareholders
The Company has only one class of Equity Shares having par value of Rs.
10. Each holder of equity shares is entitled to one vote per share. In
the event of liquidation of the Company, the holder of equity shares
will being entitled to receive any of the remaining assets of the
company, after distribution of all preferential amount.
Note 2 Additional information to the financial statements
2.1 Contingent liabilities and commitments (to the extent not
provided for)
(i) Contingent liabilities
- As per Income Tax Department following tax demand is
outstanding against the company & it has not been provided
in the accounts.
Assessment Demand Amount Paid Status of Appeal
year under protest/ Refund adjusted
2008-09 27,86,590/- 20,00,000/- Appeal Pending
with CIT (A)
2.2 During the year company has revised residual life of its Wind
Mill, hence decided to provide depreciation @ 27.82%
retrospectively as per rates of depreciation provided in
Triple Shift WDV method specified in Schedule XIV of the
Companies Act, 1956, on Wind Mill from its inception.
Additional Depreciation due to above change is Rs.
1,45,94,589/- 25.5 Trade Receivables, Trade Payables, Loans
& Advances are subject to confirmation
2.3 Employee benefit plans
Gratuity Liability has not been provided for in accordance
with Accounting Standard 15 issued by Institute of
Chartered Accountant of India and unascertained
Leave encashment is accounted in the year in which the
right of encashment is exercised by employee.
2.3.a The Profit from commodity segment is the net of profit /
(Loss) of trading in commodities and its hedging in cash
segment as well as in future segment of Commodity Exchanges.
2.4 Related party transactions
2.4a Details of related parties:
Description of relationship Names of related parties
Associates Arkaya Commercials Pvt. Ltd.
Aroni Commercials Limited
Arcies Laboratories Ltd
Antique Stock Broking Ltd
Antique Finance Private
Limited
Better Time Realtors Pvt. Ltd
Four Dimensions Capital
Markets Pvt. Ltd.
Four Dimensions Commodities
Pvt.Ltd.
Four Dimensions Securities
(India) Ltd.
Geecee Ventures Ltd
GTZ (Bombay) Pvt Ltd
Geecee Business Pvt Ltd
Geecee Investments Ltd
Mahotsav Trading & Finance
Pvt. Ltd.
New Age Dyes & Chemicals
Pvt Ltd
Rohit Financial Services
Sam Jag-Deep Investment Pvt
Ltd
Saraswati Commercial (India)
Ltd
Sareshwar Trading & Finance
Pvt Ltd
Urudavan Investment and
Trading Pvt Ltd.
Windsor Trading and Finance
Pvt. Ltd.
Key Management Personnel (KMP) - Shri Hatim F. Harianawala
ÃDirector
- Shri V. V.Sureshkumar -
Director
- Shri A.N. Nair à Director
- Shri Atul J Shah Ã
Director
2.5 The Revised Schedule VI has become effective from 1 April,
2011 for the preparation of financial statements. This has
significantly impacted the disclosure and presentation made
in the financial statements. Previous yearÃs figures have
been regrouped / reclassified wherever necessary to
correspond with the current yearÃs classification
/ disclosure.
NOTES :
1. As defined in paragraph 2 (1) (xii) of the Non-Banking Financial
Companies Acceptance of Public Deposits (Reserve Bank) Directions,
1998.
2. Provisioning norms shall be applicable as prescribed in the
Non-Banking Financial Companies Prudential Norms (Reserve Bank)
Directions, 1998.
3. All accounting standards and guidance notes issued by ICAI are
applicable including for valuation of investments and other assets as
also assets acquired in satisfaction of debts. However, market value in
respect of quoted investments and break up / fair value / NAV in
respect of unquoted investments should be disclosed irrespective of
whether they are classified as long term or current in column (4)
above.
Mar 31, 2011
1. Leave encashment is accounted in the year in which the right of
encashment is exercised by the employees.
2. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured
Loans are subject to confirmation.
3. Related Party Information:
i). Relationships :
a) Key Management Personnel - Shri Hatim F. Hariyanawala
Director.
- Shri V. V.Sureshkumar - Director
- Shri A.N. Nair - Director
- Shri Atul J Shah - Director
b) Individual owning directly - Shri Ashwin Pannalal Kothari
or indirectly an interest
in the voting power that - Smt Meena Kothari
gives them control or
significant influence. - Shri Rohit Kothari
- Shri Ashwin Pannalal Kothari
(HUF)
- Shri Ashwin Pannalal Kothari (S)
(HUF)
- Shri Pannalal .C Kothari (HUF)
c) Relative of individual in
(b) above - Smt Niyati P. Mehta
- Smt Tejal Kothari
d) Associate Concerns - Aroni Commercials Limited
- Arcies Laboratories Ltd.
- Antique Stock Broking Ltd.
- Antique Finance Private Limited
- Antique Finsec Pvt Ltd.
- Antique Wealth Advisor Pvt Ltd.
- Antique Capital Markets Pvt Ltd.
- Arkaya Commercials Pvt. Ltd.
- Better Time Realtors P Ltd.
- GeeCee Business Pvt Ltd
(Formerly known as Ananya Online
IT Designs Pvt Ltd)
- GeeCee Ventures Ltd.
- GTZ (Bombay) Pvt. Ltd.
- Grey River Energy Pvt Ltd.
- GeeCee Investments Ltd.
(Formerly known as Jacqart
Financial Services Ltd.)
- Four Dimensions Securities
(India) Ltd.
- Four Dimensions Capital Markets
Pvt. Ltd.
- Four Dimensions Commodities Pvt.
Ltd.
- Mahotsav Trading & Finance Pvt.
Ltd.
- Newage Dyes & Chemicals Pvt Ltd.
- Rohit Financial Services
- Red Socks Realtors Pvt Ltd.
- Sam Jag-Deep Investment Pvt Ltd.
- Saraswati Commercial (India) Ltd.
- Sareshwar Trading and Finance
Pvt. Ltd.
- Urudavan Investment and Trading
Pvt. Ltd.
- Vidushan Commercial & Investment
Pvt Ltd.
- Windsor Trading and Finance Pvt.
Ltd.
4. Contingent Liabilities:
- Contingent liability in respect of shares pledged with bank as
security towards overdraft facility availed by related parties M/s/
Four Dimensions Securities (India) Ltd is Rs. NIL (Previous Year Rs.
15,54,32,155/-)
- As per Income Tax Department following tax demand is outstanding
against the company & it has not been provided in the accounts.
Assessment Demand Amount paid Status of Appeal
Year (Rs.) under Protest
Refund Adjusted
2008-09 27,86,590/- 20,00,000/- Appeal Pending with
CIT (Appeals)
5. Gratuity Liability has not been provided for in accordance with
Accounting Standard 15 issued by Institute of Chartered Accountant of
India and unascertained
6. Previous Year Figures have been regrouped or re-arranged wherever
deemed necessary.
Mar 31, 2010
1. Leave encashment is accounted in the year in which the right of
encashment is exercised by the employees.
2. Earning & Expenditure in Foreign Currency is Nil.
3. Sundry Debtors, Loans and Advances, Sundry Creditors and Unsecured
Loans are subject to confirmation.
4. Related Party Information:
I). Relationships :
a). Key Management Personnel
Shri Hatim F. Hariyanawala -Director
Shri V. V.Sureshkumar - Director
Shri A.N. Nair - Director
Shri Atul J Shah - Director
b). Individual owning directly or indirectly an interest in the voting
power that gives them control or significant influence.
Shri Ashwin Kumar Kothari
Smt Meena Kothari
Shri Rohit Kothari
Shri Ashwinkumar Kothari (HUF)
Shri Ashwinkumar Kothari (S) (HUF)
Shri Pannalal .C Kothari (HUF)
c). Relative of individual in (b) above
Smt Niyati P. Mehta Smt Tejal Kothari
d). Associate Concerns
: Four Dimensions Securities (India) Ltd.
Four Dimensions Capital Markets Pvt. Ltd.
Antique Stock Broking Ltd
Antique Finance Private Limited
Antique Finsec Pvt Ltd
Antique Wealth Advisor Pvt Ltd
Antique Capital Markets Pvt Ltd
Ananya Online IT Designs Pvt Ltd
Arkaya Commercials Pvt. Ltd.
Aroni Commercials Limited
Arcies Laboratories Ltd.
Better Time Realtors P Ltd
Four Dimensions Commodities Pvt. Ltd.
Geecee Ventures Ltd.
(Previously known as Gwalior Chemical
Industries Ltd)
GTZ (Bombay) Pvt. Ltd.
Grey River Realtors Pvt Ltd
Jacqart Financial Services Ltd.
Mahotsav Trading & Finance Pvt. Ltd.
Neptune Light Realtors Pvt Ltd
New Age Dyes Chemicals Pvt Ltd
Rohit Financial Services
Red Stocks Realtors Pvt Ltd
Sam Jag-Deep Investment Pvt Ltd
Saraswati Commercial (India) Ltd.
Sareshwar Trading and Finance Pvt. Ltd.
Urudavan Investment and Trading Pvt. Ltd.
Vidushan Commercial & Investment Pvt.Ltd
Windsor Trading and Finance Pvt. Ltd.
5. Contingent Liabilities;
- Contingent liability in respect of shares pledged with bank as
security towards overdraft facility availed by related parties M/s/
Four Dimensions Securities (India) Ltd is Rs. 15,54,32,155/- (Previous
Year Rs. 8,19,66,414/-).
6. Gratuity Liability has not been provided for in accordance with
Accounting Standard 15 issued by Institute of Chartered Accountant of
India and unascertained. In the opinion of management, company is not
liable to make provision of gratuity as on balance sheet date non of
the employees are associated with company for more than five year.
7. Previous Year Figures have been regrouped or re-arranged wherever
deemed necessary.
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