NOTES To Financial Statements
|
12. Equity share capital:
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Authorised:
1,20,00,000 (31.03.2017: 1,20,00 ,000) Equity Shares of Rs 10 each
|
1,200.00
|
1,200.00
|
|
Issued, Subscribed and Paid up
1,19,77,126 (31.03.2017: 1,19,77,126 ) Equity Shares of Rs 10 each
|
1,197.71
|
1,197.71
|
|
Total
|
1,197.71
|
1,197.71
|
|
Notes: 12.1 Reconciliation of number of shares outstanding at the beginning and end of the year:
|
|
Authorised share capital:
|
No. of shares
|
Amount
|
|
In Lacs
|
INR Lacs
|
|
Balance as at 31st March, 2016
|
120.00
|
1,200.00
|
|
Add / (Less): Changes during the year
|
-
|
-
|
|
Balance as at 31st March, 2017
|
120.00
|
1,200.00
|
|
Add / (Less): Changes during the year
|
-
|
-
|
|
Balance as at 31st March, 2018
|
120.00
|
1,200.00
|
| |
|
1. Issued, Subscribed and Paid up share capital:
|
No. of shares
|
Amount
|
|
In Lacs
|
INR Lacs
|
|
Balance as at 31st March, 2016
|
119.77
|
1,197.71
|
|
Add / (Less): Changes during the year
|
-
|
-
|
|
Balance as at 31st March, 2017
|
119.77
|
1,197.71
|
|
Add / (Less): Changes during the year
|
-
|
-
|
|
Balance as at 31st March, 2018
|
119.77
|
1,197.71
|
The Company has only one class of equity shares having a par value of Rs 10/-. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends if any, in Indian rupees. The dividend proposed, if any, by the Board of Directors is subject to the approval of the Shareholders at the ensuing Annual General Meeting, except in case of interim dividend.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the Shareholders.
12.3 Details of shares held by each shareholder holding more than 5% shares in the Company:
|
Equity share of Rs 10 each fully paid up with voting rights
|
Number of fully paid equity shares
|
Holding (%)
|
|
Aryaman Financial Services Limited
|
|
|
|
As at 31st March, 2017
|
88,97,126
|
74.28%
|
|
As at 31st March, 2018
|
88,97,126
|
74.28%
|
|
13. Other Equity:
|
|
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Securities premium
|
101.89
|
101.89
|
|
Retained earnings
|
200.69
|
151.66
|
|
Other Comprehensive income
|
526.11
|
468.94
|
| Total |
828.69
|
722.49
|
12.2 Terms / rights attached to Equity Shares:
13.1 Securities Premium:
|
Particulars
|
Year ended March 31, 2018
|
Year ended March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Balance as at beginning of the year
|
101.89
|
101.89
|
|
Add/(Less): Movement during the year
|
-
|
-
|
|
Balance as at end of the year
|
101.89
|
101.89
|
|
13.2 Retained earnings:
|
|
|
|
Particulars
|
Year ended March 31, 2018
|
Year ended March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Balance as at beginning of the year
|
151.66
|
30.86
|
|
Profit for the year
|
49.03
|
120.80
|
|
Balance as at end of the year
|
200.69
|
151.66
|
|
13.3 Other Comprehensive Income:
|
|
|
|
Partlculars
|
Year ended March 31, 2018
|
Year ended March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Balance as at beginning of the year
|
468.94
|
121.34
|
|
Add: Movement during the year
|
57.18
|
347.60
|
|
Balance as at end of the year
|
526.11
|
468.94
|
|
14. Borrowings - Current:
|
|
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Borrowings (Unsecured), repayable on demand
|
1,766.33
|
-
|
| |
Total 1,766.33
|
-
|
|
15. Trade payables:
|
|
|
| |
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Dues to Micro and Small enterprises
|
-
|
-
|
|
Dues to Others
|
|
|
|
- Creditors for expense
|
1.81
|
2.15
|
|
- Other payables
|
4.61
|
3.55
|
| |
Total 6.42
|
5.70
|
Footnote: A) The information regarding Micro Enterprises and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.
16. Other current financial liabilities:
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Conveyance Payable
|
0.02
|
0.03
|
|
Director Sitting Fees Payable
|
0.35
|
0.15
|
|
BSE General Charges Payable
|
1.12
|
0.86
|
| |
Total 1.49
|
1.04
|
|
17. Other current liabilities:
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Advances received from Customers
|
39.92
|
30.20
|
|
IDS payable
|
6.07
|
0.08
|
|
Total
|
45.99
|
30.28
|
|
18. Revenue From Operations:
|
|
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Income from Brokerage, Commissions and other fees earned
|
68.85
|
24.52
|
|
Income from Investments
|
260.70
|
89.99
|
|
Income from Interest
|
14.63
|
23.84
|
|
Income from Dividend
|
0.96
|
-
|
|
Sales (Stock in Trade)
|
2,475.78
|
2,146.38
|
|
Total
|
2,820.92
|
2,284.73
|
|
19. Employee Benefit Expense:
|
|
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs .
|
|
Salaries, wages and bonus
|
4.77
|
4.32
|
|
Staff welfare expenses
|
1.40
|
0.56
|
|
Total
|
6.17
|
4.88
|
|
20. Finance Cost:
|
|
|
|
Particulars
|
As at March 31,2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Interest Expenses on:
|
|
|
|
Borrowings
|
59.97
|
0.46
|
|
Other borrowing costs (includes fees charged by banks for renewal of sanctioned limits, lead bank charges, etc)
|
0.02
|
0.02
|
|
Total
|
59.99
|
0.48
|
|
21. Depreciation and amortisation expense:.
|
|
|
|
• Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Depreciation of property, plant and equipment (Refer note 2)
|
1.78
|
0.84
|
|
Amortisation of intangible assets (Refer note 2)
|
-
|
0.01
|
|
IPO Expenses amortised
|
5.29
|
5.28
|
|
Total
|
7.07
|
6.13
|
|
22. Other Expenses:
|
|
|
|
Particulars
|
As at March 31, 2018
|
As at March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Market making Fees
|
1.25
|
1.20
|
|
Processing Fees/Application Fees
|
2.41
|
0.05
|
|
Auditors Remuneration
|
-
|
-
|
|
-Audit Fees
|
0.40
|
0.40
|
|
-Internal Financial Control
|
-
|
0.10
|
|
-Limited Review.
|
0.08
|
0.24
|
|
Director's Sitting Fees
|
1.00
|
1.09
|
|
Securities Premium
|
1.25
|
1.06
|
|
Share Trading Expenses/Charges
|
8.58
|
7.65
|
|
Custodial Fees
|
1.10
|
0.90
|
|
General Expenses
|
3.15
|
3.70
|
|
Professional Charges
|
0.64
|
1.06
|
|
Communication expenses
|
1.17
|
0.52
|
|
Other Expenses
|
4.76
|
3.20
|
| |
Total 25.78
|
21.17
|
|
23. Income taxes: (a) Tax expense recognised in the Statement of profit and loss:
|
|
|
|
Particulars
|
For the year ended March 31, 2018
|
For the year ended March 31, 2017
|
|
INR Lacs
|
MR Lacs ,
|
|
|
Current tax
|
|
|
|
Current year
|
9.29
|
32.84
|
|
Total current tax
|
9.29
|
32.84
|
|
Deferred tax
|
|
|
|
Relating to origination and reversal of temporary difference
|
0.72
|
0.52
|
|
Total deferred income tax expense/(credit)
|
0.72
|
0.52
|
|
Mat tax Credit
|
(9.29)
|
-
|
|
Total income tax expense/(credit)
|
0.72
|
33.36
|
Reconciliation between the statutory income tax rate applicable to the Company and the effective income tax rate of the Company is as follows:
(b) Reconciliation of effective tax rate:
|
Particulars
|
For the year ended March 31, 2018
|
For the year ended March 31, 2017
|
|
INR Lacs
|
INR Lacs
|
|
Profit /(loss) before taxation
|
49.75
|
154.17
|
|
Enacted income tax rate in India
|
27.55%
|
33.06%
|
|
Tax at the enacted income tax rate
|
13.71
|
50.97
|
|
Reconciliation line items:
|
|
|
|
|
Exempt Income
|
-
|
7.62
|
|
MAT tax credit
|
9.29
|
-
|
|
Taxable at special rate
|
3.70
|
9.57
|
|
Others
|
|
(0.42)
|
|
Tax expense/ (credit)
|
0.72
|
33.36
|
|
(c) The movement in deferred tax assets and liabilities during the year ended March 31, 2018 and March 31, 2017:
|
|
|
|
|
Particulars
|
As at April 01, 2016
|
Credit/ (charge) in Statement of profit and loss
|
As at March 31, 2017
|
| |
INR Lacs
|
INR Lacs
|
INR Lacs
|
|
Deferred tax assets/(liabilities)
|
|
|
|
|
On Account of Depreciation
|
3.81
|
0.52
|
4.33
|
| |
3.81
|
0.52
|
4.33
|
|
Deferred tax assets/(liabilities)
|
|
|
|
|
On Account of Depreciation
|
4.33
|
0.72
|
5.06
|
|
Tax on fair valuation of Investments
|
-
|
4.60
|
4.60
|
| |
4.33
|
5.32
|
9.66
|
The Company is evaluating the requirement of the amendment and the impact on the financial statements. The effect on adoption of Ind AS 115 is expected to be insignificant”.
32. The financial statements were approved for issue by the Board of Directors on 29th May 2018.
33. The figures of the previous year's have been regrouped or reclassified wherever necessary to make them comparable
In terms of our attached report of even date
|