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Company Information

Home » Market » Company Information

VCK Capital Market Services Ltd.

Nov 05
1.10 +0.00 (+ 0.00 %)
 
VOLUME : 501
Prev. Close 1.10
Open Price 1.10
TODAY'S LOW / HIGH
1.10
 
 
 
1.10
Bid PRICE (QTY.) 0.00 (0)
Offer PRICE (Qty.) 0.00 (0)
52 WK LOW / HIGH
0.73
 
 
 
1.11
VCK Capital Market Services Ltd. is not traded in NSE
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Market Cap. ( ₹ ) 1.00 Cr. P/BV 0.30 Book Value ( ₹ ) 3.71
52 Week High/Low ( ₹ ) 1/1 FV/ML 10/1 P/E(X) 0.00
Bookclosure 03/08/2016 TTM EPS ( ₹ ) -2.52 Div Yield (%) 0.00
NOTES TO ACCOUNTS
You can view the entire text of Notes to accounts of the company for the latest year
Year End :2015-03 NOTE 1 : LONG TERM LOANS AND ADVANCES

(1) Presently, the Company is involved in Marketing of Mutual Funds. It is not involved in any NBFC Activity. Therefore, in the opinion of the Management, relevant provision involving NBFC activity is not applicable.

(2) Other Loans includes 40,00,000/- [P.Y. 40,00,000/-] which is sub-judice and pending final outcome of the claim preferred by the Company, no additional write off/provisioning is considered necessary. Further, the Company has been allotted fully paid equity shares at par against other loans of 66,90,001/- outstanding as at April 01, 2014, which was a related subject matter of the aforesaid sub-judice loan. Since the Company plans to dispose off the shares allotted against the loan amount in the near future, the same has been classified as Stock-in-Trade.

(3) Advances to related parties have been duly confirmed by the concerned related parties.

(4) In the opinion of the Management, the Long Term Loans and Advances are stated at amounts which are fully recoverable.

NOTE 2 : OTHER NON-CURRENT ASSETS

- Against the Long Term Trade Receivables of Rs 64,82,240/ - due from a party outstanding as at April 01, 2014 [which was a related subject matter of an advance amount of 40,00,000/- against which the Company has preferred a claim and the matter is sub-judice], the Company has been allotted fully paid equity shares at par. Since the Company plans to dispose off the shares allotted in the near future, the same has been classified as Stock-in-Trade.

NOTE 3 : INVENTORIES

(1) Stock-in-Trade is valued at lower of cost or net realizable value. The net realizable value has been taken as the Fair Market Value, determined on the basis of Rule 11U and 11UA of the Income Tax Rules. However, where the Fair Market Value of unquoted shares is not readily available, the same has been taken at the cost price. In the opinion of the Management, there would be no diminution in the value of such shares held as Stock-in-Trade and the amount realizable would not be lower than the cost price.

(2) M/s. Innovative Capital Strategies Private Limited is classified as an Associate Company as per Section 2(6) of the Companies Act, 2013, since more than 20% of the Equity Share Capital of the Entity is held by the Company. However, in the opinion of the Management, since the same are held as Stock-in-Trade and would be disposed off in the near future, consolidation of the accounts of the said Entity would not be required as per Clause 7 of Accounting Standard 23.

NOTE 4 : CASH AND CASH EQUIVALENTS

- Certain balance lying in Dormant Banking Accounts aggregating to 2,48,569/- [P.Y. 2,48,569] has not been adjusted/ written off, pending final outcome of the appeal preferred by the Company against the erstwhile Bank of Rajasthan Limited [since taken over by ICICI Bank Limited]

(5) CONTINGENT LIABILITIES

                                                            (Rs/000s)

SI.	 Particulars                        As On	      As On
No.	                                March 31, 2015	 March 31, 2014

1.    Contingent Liabilities [not             --               --   
      provided for] in respect of 
      claims against the Company not 
      acknowledged as debts

2.    Estimated amount of contracts           --               --
      remaining to be executed on 
      Capital Account 
      [Net of Advances]
(6) Pursuant to the orders of the Hon'ble High Court dated June 14, 1999 and the Debts Recovery Tribunal-I, Kolkata dated December 06, 1999, no further amounts are payable by the Company to ICICI Bank Limited [formerly Bank of Rajasthan Limited]. The Hon'ble High Court vide its order dated June 14, 1999 directed the Company to collect all balance lease rentals. ICICI Bank Limited [formerly Bank of Rajasthan Limited] has filed an Appeal on February 21, 2000 challenging the order dated June 14, 1999. No stay has yet been obtained although the final result of the Appeal is awaited. Therefore, in the opinion of the Management no provision is considered necessary, since no further amounts are payable by the Company to ICICI Bank Limited [formerly Bank of Rajasthan Limited].

(7) Balances of Sundry Creditors, Deposits, certain Bank Accounts and Advances are subject to confirmation and reconciliation. However, in the opinion of the Management, all the Loans and Advances are considered good and recoverable.

(8) No provision for Current Income Tax [including Minimum Alternate Tax] has been made in view of the Carried Forward Losses, including unabsorbed Depreciation.

(9) Based on the information/ documents available with the Company, there are no dues to Micro, Small and Medium Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2015.

(10) Impairment/Loss of Assets ~ Since the Company does not have any significant Assets, the provisions of AS 28 relating to impairment of Assets is not applicable for the relevant year. Also, in the opinion of the Management, the Current Assets, Loans and Advances are fully recoverable and no Losses are anticipated.

(11) There have been no Earnings or Expenses in Foreign Currency during the relevant year.