|
|
Balance
Sheet
|
OTCEI SECURITIES LIMITED |
|
BALANCE SHEET AS ON MARCH 31, 2002 |
|
|
|
|
|
(All amounts in Indian rupees) |
|
|
2002 |
2001 |
|
|
Amount |
Amount |
|
|
|
|
| SOURCES
OF FUNDS |
|
|
|
|
|
|
|
| SHAREHOLDERS'
FUNDS |
|
|
|
|
Share Capital |
|
30,000,700.00 |
30,000,700.00 |
|
|
|
|
| UNSECURED
LOANS |
|
|
|
|
(a)Advances from OTC
Exchange of India |
|
10,526,067 |
8,824,014 |
| (b)Deposits
from Sub-brokers |
|
7,350,000 |
3,8000,000 |
|
|
|
|
|
|
|
|
|
|
47,876,767 |
42,624,714 |
| APPLICATION
OF FUNDS |
|
|
|
|
|
|
|
| FIXED
ASSETS |
|
|
|
|
Gross Block |
|
3,653,037 |
3,653,037 |
|
Less: Accumulated
Depreciation |
|
1,160,962 |
568,804 |
|
|
|
|
|
Net Block |
|
2,492,075 |
3,084,233 |
|
|
|
|
| INVESTMENTS-LONG
TERM(QUOTED) |
|
|
|
| UTI
Money Market Fund(Market value as on 31st March
2002-Rs.1000831/-) |
|
1,000,000
|
--
|
|
|
|
|
|
|
1,000,000 |
-- |
|
|
|
|
| CURRENT
ASSETS,LOANS AND ADVANCES |
|
|
|
|
Sundry Debtors |
|
3,196,326 |
754,042 |
|
Cash and Bank
Balances |
|
12,562,712 |
8,848,315 |
|
Other Current
Assets |
|
158,918 |
198,028 |
|
Loans &
Advances |
|
25,024,000 |
25,024,000 |
|
|
|
|
|
|
40,941,956 |
34,824,385 |
|
|
|
|
| LESS:
CURRENT LIABILITIES AND PROVISIONS |
|
|
|
|
Liabilities |
|
9,660,545 |
6,766,787 |
|
|
|
|
|
|
9,660,545 |
6,766,787 |
|
|
|
|
| NET
CURRENT ASSETS |
|
31,281,411 |
28,057,598 |
|
|
|
|
|
|
|
|
| MISCELLANEOUS
EXPENDITURE (to the extent not written off) |
|
103,596 |
155,394 |
|
|
|
|
| PROFIT
AND LOSS ACCOUNT - NET LOSS |
|
12,999,685 |
11,327,489 |
|
|
|
|
|
|
47,876,767. |
42,624,714 |
|
|
|
|
|
|
|
|
|
|
|
Sd/- |
|
|
I
D Agarwal |
|
|
Chairman |
|
|
|
|
|
Sd/- |
Sd/- |
Sd/- |
Sd/- |
|
Arthur Andersen & Associates
|
K. Kameswara Rao
|
M.
Raghavenra |
Praveen
Mohnot |
|
Chartered Accountants |
Director |
Director |
Managing
Director & CEO |
|
|
|
|
|
Sd/- |
Sd/- |
Sd/- |
|
Farokh
T.Balsara |
Ajay
Singhvi |
R
Anand |
|
Partner |
Asst.
Vice President |
Asst.
Vice President |
|
|
|
OTCEI SECURITIES LIMITED |
| PROFIT
AND LOSS ACCOUNT FOR THE PERIOD ENDED MAR- 31, 2002 |
|
|
(All amounts in Indian rupees) |
|
|
2002 |
2001 |
|
|
Amount |
Amount |
| INCOME |
|
|
|
|
|
|
Brokerage |
833,208 |
716,973 |
|
Dividend on units of Mutual Funds |
49,327 |
-- |
|
Interest from Investments in bank deposits(Tax Deducted at
Source Current Year Rs.9962 Tax Deducted at Source
Prv.Year Rs. 78,493) |
631,417 |
362,865 |
|
Profit on Sale of Investments |
86,277 |
-- |
|
Other
Income |
132,122 |
31,878 |
|
|
|
|
1,732,351 |
1,111,716 |
|
|
|
| EXPENDITURE |
|
|
|
|
|
|
Clearing &
Settlement Expenses |
-- |
764,550 |
|
Software Expenses |
-- |
4,445,825 |
|
Insurance Premium |
41,437 |
2,310,246 |
|
Deputation Costs |
1,337,225 |
1,470,324 |
|
Asset Usage Charges |
156,580 |
141,600 |
|
Other Expenses |
1,225,349 |
1,981,570 |
|
Depreciation |
592,158 |
568,711 |
|
Preliminary &
Pre-Operative Expenses Written -Off |
51,798 |
51,798 |
|
|
|
|
3,404,547 |
11,734,624 |
|
|
|
| NET
LOSS FOR THE PERIOD |
1,672,196 |
10,622,908 |
|
|
|
| ADD:NET
LOSS BROUGHT FORWARD |
11,327,489 |
704,581 |
|
|
|
| NET
LOSS CARRIED FORWARD TO BALANCE SHEET |
12,999,685 |
704,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sd/- |
|
|
I
D Agarwal |
|
|
Chairman |
|
|
|
|
|
Sd/- |
Sd/- |
Sd/- |
Sd/- |
|
Arthur Andersen & Associates
|
K. Kameswara Rao
|
M.
Raghavenra |
Praveen
Mohnot |
|
Chartered Accountants |
Director |
Director |
Managing
Director & CEO |
|
|
|
|
|
Sd/- |
Sd/- |
Sd/- |
|
Farokh
T.Balsara |
Ajay
Singhvi |
R
Anand |
|
Partner |
Asst.
Vice President |
Asst.
Vice President |
|
|
|
