| OTCEI
SECURITIES LIMITED |
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| BALANCE
SHEET AS AT MARCH 31, 2005 |
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| (All
amounts in Indian rupees) |
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|
Current Year |
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Previous Year |
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Schedule |
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Amount |
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Amount |
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| SOURCES OF FUNDS |
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| SHAREHOLDERS' FUNDS |
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| Share Capital |
1 |
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42,500,700 |
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30,000,700 |
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| UNSECURED LOANS |
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| (A) Advances from OTC Exchange of India |
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- |
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13,161,951 |
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| (B)
Deposits from Sub-brokers |
2 |
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9,318,190 |
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9,479,785 |
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51,818,890 |
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52,642,436 |
| APPLICATION OF FUNDS |
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| FIXED
ASSETS |
3 |
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| Gross Block |
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3,653,037 |
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3,653,037 |
| Less: Accumulated Depreciation |
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2,937,436 |
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2,345,278 |
| Net Block |
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|
715,601 |
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1,307,759 |
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| INVESTMENTS |
4 |
|
304,670 |
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8,005,927 |
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| DEFERRED TAX ASSET |
5 |
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- |
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| CURRENT ASSETS,LOANS
AND ADVANCES |
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| Sundry Debtors |
6 |
|
5,765,801 |
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4,795,164 |
| Cash and Bank Balances |
7 |
|
40,953,584 |
|
30,838,380 |
| Other Current Assets |
8 |
|
496,788 |
|
835,532 |
| Loans & Advances |
9 |
|
25,000,000 |
|
25,000,000 |
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|
72,216,173 |
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61,469,076 |
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| LESS: CURRENT
LIABILITIES AND PROVISIONS |
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| Liabilities |
10 |
|
35,550,747 |
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32,850,456 |
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35,550,747 |
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32,850,456 |
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| NET CURRENT ASSETS |
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36,665,426 |
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28,618,620 |
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| PROFIT
AND LOSS ACCOUNT - NET LOSS |
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14,133,193 |
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14,710,130 |
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51,818,890 |
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52,642,436 |
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| Notes forming part of
Accounts |
10 |
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| Notes forming part of
Accounts |
12 |
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| As
per our report |
|
Dipak Shah |
I.D.Agarwal |
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|
Director |
Chairman |
| For
K.S. Aiyar & Co. |
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| Chartered Accountants |
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| Raghuvir
M. Aiyar |
Munesh Goel |
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| Partner |
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Company Secretary
& CEO (O) |
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| Mumbai. |
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| Dated: 01 July 2005 |
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| OTCEI
SECURITIES LIMITED |
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| PROFIT
AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2005 |
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| (All
amounts in Indian rupees) |
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|
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|
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|
Current Year |
|
Previous Year |
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|
|
|
|
Schedule |
|
Amount |
|
Amount |
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| INCOME |
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| Brokerage |
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1,192,886 |
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1,491,369 |
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| Dividend on units of Mutual
Funds |
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|
48,011 |
|
139,633 |
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| Reduction in carrying value of
Current Investment |
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(26,743) |
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| Interest from Investments in
bank deposits |
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1,635,945 |
|
980,671 |
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(Tax Deducted at Source Current Year Rs. 42341) |
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(Tax Deducted at Source Previous Year Rs.15249) |
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| Profit on Sale of Investments |
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290,539 |
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243,327 |
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| Other Income |
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90,195 |
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140,020 |
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| Penalty Income |
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331,350 |
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323,920 |
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3,588,925 |
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3,292,197 |
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| EXPENDITURE |
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| Insurance Premium |
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39,084 |
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34,804 |
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| Deputation Costs (Refer Notes 2.c) |
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|
1,295,158 |
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1,399,037 |
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| Asset Usage Charges
(Refer Notes 2.d) |
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|
79,665 |
|
79,665 |
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| Other Expenses |
11 |
|
1,005,923 |
|
1,435,665 |
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| Depreciation |
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|
592,158 |
|
592,158 |
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| Preliminary & Pre-Operative
Expenses Written -Off |
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|
- |
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51,798 |
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3,011,988 |
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3,593,127 |
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| NET
PROFIT / (LOSS) BEFORE TAX |
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|
576,937 |
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(300,930) |
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| - Current |
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|
- |
|
- |
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| - Deferred Tax Expense (Refer Notes
2.g.ii) |
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|
268,076 |
|
- |
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| NET
PROFIT / (LOSS) AFTER TAX |
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|
308,861 |
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(300,930) |
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| NET
(LOSS) BROUGHT FORWARD |
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(14,710,130) |
|
(14,409,200) |
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| OPENING
DEFERRED TAX CREDIT RECOGNISED (Refer Notes 2.g.ii) |
268,076 |
|
- |
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| NET
(LOSS) CARRIED FORWARD TO BALANCE SHEET |
|
(14,133,193) |
|
(14,710,130) |
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| Notes forming part of
Accounts |
10 |
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| Notes
forming part of Accounts |
12 |
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| |
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| As
per our report |
|
Dipak Shah |
|
I.D.Agarwal |
|
|
|
|
|
|
Director |
|
Chairman |
|
|
|
|
| For
K.S. Aiyar & Co. |
|
|
|
|
|
|
|
|
|
| Chartered
Accountants |
|
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|
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|
| Raghuvir
M. Aiyar |
Munesh
Goel |
|
|
|
|
|
|
| Partner |
Company
Secretary & CEO (O) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mumbai. |
|
|
|
|
|
|
|
|
|
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| Dated: 01
July 2005 |
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