| 1 RELATED PARTY DISCLOSURES
As per Accounting Standard 18, the disclosure of transaction with the
related parties are given below
(i) List of related parties where control exists and related with whom
transactions have taken place and relationships:
Name of the Related Party Relationship
CPL Securities Private Limited Common Director
Evernew Infracon Private Limited Subsidiary Company
(ii) Transactions during the year Amt. (Rs. in ' 000)
with related parties:
Advances Taken 550
Investment made during the year 0
(iii) Balance as At 31st March '2014
Advances Receivables -
Advances Payables 16,100
2 There is no amount outstanding as of small scale and ancillary
undertakings.
The Company has not received any intimation from suppliers regarding
status under MSME Act'2006 and hence disclosure regarding, if any
amount unpaid as at the yearend together with interest paid/payable
as required under the said Act has not been furnished.
3 Sundry Debtors
Sundry Debtors include Rs.804 thousands from Vasundhara Business (P)
Ltd. confirmed by the concerned party and good in nature.
The inventories includes shares traded for unquoted as well as quoted
companies and the unquoted shares are valued at
4 cost and quoted shares are valued at cost or market value,
whichever is lower. Further, no shares were Traded during the period
under audit.
5 Others Short Term Loans & Advances
Unsecured advances considered good, recoverable in cash or in kind or
of value to be received includes (a) Rs.1,217 thousand due from an
erstwhile director of the Company,Rs.500 Thousands from M/s. Gurunanak
Construction Co. , Rs.1049 thousands from M/s K1C Resources Ltd.,
Rs.30,000 thousands from B.R. Machines Tools Private Limited were
confirmed and good in nature and a sum of Rs.131 thousands from M/s.
Kshitiz Agro Products (P) Ltd is due towards interest receivables.
6 Auditors Remuneration (Rs. in '000)
Current Year Previous Year
Audit Fees 18 18
Tax Audit Fees 0 0
Certificates 9 7
Total 27 25
7 Employees Retirement Benefits
Liability for Gratuity has not been provided in the accounts
considering the materiality. VRS, if paid, is charged to revenue in
the year of payment.
8 The company is a member of OTC Exchange but no trading operation
was carried out through the OTCEI.
9 Sale and purchase (if any) comprises sale and purchase price of the
shares have been accounted for on accrual basis. Income from sale of
un-quoted equity shares are recognised on the basis of sale bills.
Other income includes income from dividend and interest incomes.
10 Segment Reporting
The primary segment of the Company mainly consists of investments &
trading in quoted and unquoted equities, broking or sub-broking. The
Company has not done any broking or sub- broking activity during the
year under report. The Company operates only in India which is the
only reportable geographical segment. There being no secondary
reportable segments, no segmental information has been provided.
Notes on Financial Statements for the year ended 31st March, 2014
28 The Company has not obtained any deposits from public. Hence,
provision for registration as NBFC as per Non Banking Financial
Companies (RBI) Directions 1997, is not applicable.
11 Information required to be disclosed under the provisions of Note
(1) of Part-I & 11 of Schedule VI to the Companies Act,1956 is as
below :
12 Sundry Debtors
Sundry Debtors include Rs.804 thousands from Vasundhara Business (P)
Ltd. confirmed by the concerned party and good in nature.
The inventories includes shares traded for unquoted as well as quoted
companies and the unquoted shares are valued at
13 cost and quoted shares are valued at cost or market value,
whichever is lower.
Further, no shares were Traded during the period under audit.
14 Others Short Term Loans & Advances
Unsecured advances considered good, recoverable in cash or in kind or
of value to be received includes (a) Rs.1,217 thousand due from an
erstwhile director of the Company,Rs.500thousands from M/s. Gurunanak
Construction Co., Rs.l049thousands from M/s KIC Resources Ltd.,
Rs.30,000 thousands from B.R. Machines Tools Private Limited were
confirmed and good in nature and a sum of Rs.l31 thousands from M/s.
Kshitiz Agro Products (P) Ltd is due towards interest receivables.
15 Employees Retirement Benefits
Liability for Gratuity has not been provided in the accounts
considering the materiality. VRS, if paid, is charged to revenue in
the year of payment.
16 The company is a member of OTC Exchange but no trading operation
was carried out through the OTCE1. As there is no trading terminal
with the Company, the share trading operations were carried out with
other broker member.
17 Sale and purchase comprises sale and purchase price of the shares
have been accounted for on accrual basis. Income from sale of
un-quoted equity shares are recognized on the basis of sale bills.
Other income includes income from dividend and interest incomes.
18 Segment Reporting
The primary segment of the Company mainly consists of investments &
trading in quoted and unquoted equities, broking or sub-broking. The
Company has not done any broking or sub- broking activity during the
year under report. The Company operates only in India which is the
only reportable geographical segment. There being no secondary
reportable segments, no segmental information has been provided.
19 The Company has not obtained any deposits from public. Hence,
provision for registration as NBFC as per Non Banking Financial
Companies (RBI) Directions 1997, is not applicable.
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