| A. The break up of net Deferred Tax Liability / Assets on 31st March,
2014 is under.
(Rs. In Lakhs)
Deferred Tax Liability as on 01.04.2013 6.69
Less : Deferred Tax Assets for the year 0.08
(Difference between book & tax depreciation)
Net Deferred Tax Liability 6.61
The Deferred Tax balances have arisen principally on account of the
timing difference between the depreciation adjusted in account. Though
adjustment has been made in term of Accounting Standard 22, having
regard to the Normal Capital Expenditure which the Company is expected
to continue to make in likely to materialize on account thereof.
2. Figures pertaining to previous year have been regrouped and recast
wherever necessary so as to make them comparable with those of the
current year.
3. Related Party Disclosures as required by the Accounting Standard 18
"Related Party Disclosures" are given below.
a. List of related parties with whom the company entered in to
transactions during the year in the Ordinary Course of Business.
# Associate Companies.
1. M R Share Broking Pvt. Ltd.
2. V R M Share Broking Pvt. Ltd.
# Key Management Personnels and Relatives
1. Ramautar S. Jhawar
2. Mahesh S. Jhawar
b. Transaction with related parties.
4. The Companies main business segment is Investment & Trading in
equities which constitutes more than 90% of its turnover and the only
geographical segment is India. Consequently the need for separate
disclosure as required under Accounting Standared 17 "Segment
Reporting" is not considered relevant.
5. Disclosure under Section 22 of the Micro, Small and Medium
Enterprises Devlopment Act, 2006 could not be furnished as none of the
suppliers of the Company have provided the details of their
registration under the said Act.
6. As stipulated in AS-28, the Company assessed potetial generation of
economic benefits from its business units and is of the view that the
assets employed in continuing business are capable of generating
adequate returns over their useful lives in the usual course of
business, there is no indication to the Contrary and accordingly the
management is of the view that no impairment provision is called for in
these account.
7. The Company has returned leased office premises to Sohanlal Jhawar
Family Trust and using for office purpose premises owned by the
promoter.
8. Additional information pursuant to the provisions of part IV of
schedule VI of the Companies Act,1956.
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