| 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)."
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