| Other Notes & Additional Information Forming part of Financial
Statements
a) In the opinion of the management, current assets, loans and advances
and other receivables have realizable value of at least the amounts at
which they are stated in the accounts.
b) Previous year figures have been restated to conform to the
classification of the current year.
c) Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors
are Loans & Advances are subject to reconciliation, since conformations
have not been received from them. Necessary entries will be passed on
receipt of the same if required.
d) The company has not provided for Gratuity and Leave Encashment to
Employees on accrual basis, which is not in conformity with AS-15
issued by ICAI. However, in the opinion of management the amount
involved is negligible and has no impact on Statement of Profit & Loss.
Provisions, Contingent Liabilities & Contingent Assets
1. Disclosures in terms of Accounting Standards (AS 29) Provisions,
Contingent Liabilities and Contingent Assets issued by the Institute of
Chartered Accountants of India :
2. The Company creates a provision when there is a present obligation
as a result of past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the
obligation.
3. A disclosure for a contingent liability is made when there is a
possible obligation or present obligation that probably will not
require an outflow of resources or where reliable estimate of the
amount of the obligation cannot be made.
4. Contingent Assets are neither recognized nor disclosed.
Segment Report
5. Based on the Similarity of activities, risks and reward structure,
organization structure and internal reporting systems, the Company has
structured its operations into the following Segment :- a. Trading in
Software & Hardware Products
b. Investments in Capital Market & Mutual Fund related activities
Contingent Liabilities
6. Contingent Liabilities not provided for - Rs. Nil
Related party Transactions
7. Key Management Personnel -
a. Mr. Jagdish Prasad Purohit - Managing Director
b. Mr. Sushil Kr. Purohit - Director
c. Mr. Naresh Sharma - CFO
d. Ms. Vijay Laxmi Purohit - Company Secretary & Compliance Officer
8. Subsidiary Company - Not Any
9. Group Companies or Companies under same management -
1. Blue Circle Services Limited
2. Prime Capital Market Limited
3. JMD Telefilms Industries Limited
4. Scan Infrastructures Limited
5. Warner Multimedia Limited
10. Sundry Debtors and creditors are subject to confirmation and
reconciliation.
11. There are no Micro and Small Scale Business Enterprises, to whom
the Company owes dues, which are outstanding for more than 45 days as
at March 31, 2015. This information as required to be disclosed under
Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis
of information available with the Company.
12. Previous years' figures have been regrouped, rearranged wherever
necessary to make them comparable with those of current year.
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