|
|
Balance
Sheet
|
OTCEI SECURITIES LIMITED |
|
BALANCE SHEET AS ON MARCH 31, 2001 |
|
|
|
|
(All amounts in Indian rupees) |
|
|
Amount |
Amount |
|
|
2001 |
2000 |
|
|
|
|
| SOURCES
OF FUNDS |
|
|
|
|
|
|
|
| SHAREHOLDERS'
FUNDS |
|
|
|
|
Share Capital |
|
30,000,700.00 |
30,000,700.00 |
|
|
|
|
| UNSECURED
LOANS |
|
|
|
|
Advances from OTC
Exchange of India |
|
8,824,014.00 |
1,810,668.00 |
|
|
|
|
| UNSECURED
BASE DEPOSIT FROM SUB-BROKER |
|
5,100,000.00 |
500,000.00 |
|
|
|
|
|
|
43,924,714.00 |
32,311,368.00 |
| APPLICATION
OF FUNDS |
|
|
|
|
|
|
|
| FIXED
ASSETS |
|
|
|
|
Gross Block |
|
3,653,037.00 |
16,200.00 |
|
Less: Accumulated
Depreciation |
|
568,804.00 |
93.00 |
|
|
|
|
|
Net Block |
|
3,084,233.00 |
16,107.00 |
|
Capital Advances |
|
0.00 |
3,312,535.00 |
|
|
|
|
|
|
3,084,233.00 |
3,328,642.00 |
|
|
|
|
| CURRENT
ASSETS,LOANS AND ADVANCES |
|
|
|
|
Sundry Debtors |
|
754,041.94 |
|
|
Cash and Bank
Balances |
|
8,848,315.09 |
906,121.88 |
|
Other Current
Assets |
|
198,027.73 |
2,458,559.00 |
|
Loans &
Advances |
|
25,024,000.00 |
25,024,000.00 |
|
|
|
|
|
|
34,824,384.76 |
28,388,680.88 |
|
|
|
|
| LESS:
CURRENT LIABILITIES AND PROVISIONS |
|
|
|
|
Liabilities |
|
5,466,787.03 |
317,728.60 |
|
|
|
|
| NET
CURRENT ASSETS |
|
29,357,597.73 |
28,070,952.28 |
|
|
|
|
| MISCELLANEOUS
EXPENDITURE (to the extent not written off) |
|
155,394.00 |
207,192.00 |
|
|
|
|
| PROFIT
AND LOSS ACCOUNT - NET LOSS |
|
11,327,489.27 |
704,581.72 |
|
|
|
|
|
|
43,924,714.00 |
32,311,368.00 |
|
|
|
|
|
|
|
Sd/- |
|
Sd/- |
|
Praveen Mohnot |
|
S.
Venkatraman |
|
Managing Director |
|
Chairman |
|
|
|
| As
per our report |
|
|
|
Sd/- |
|
|
| For
K.S. AIYAR & CO. Parveen
Kumar Singhal |
|
| Chartered
Accountants Executive Director |
|
|
|
|
|
|
|
|
|
Sd/- Sd/- |
|
Sd/- |
| Raghuvir
M. Aiyar M.L. Gupta |
|
Shirin
Patel |
| Partner Deputy General Manager |
Company
Secretary |
| Mumbai:
18th June 2001 |
|
|
|
|
|
OTCEI SECURITIES LIMITED |
| PROFIT
AND LOSS ACCOUNT FOR THE PERIOD ENDED MAR- 31, 2001 |
|
|
(All amounts in Indian rupees) |
|
|
Amount |
Amount |
|
|
|
|
| INCOME |
2001 |
2000 |
|
Brokerage |
716,973.24 |
155.78 |
|
Income from
Investments in bank deposits |
362,864.97 |
2,466.00 |
|
Penalties Recovered
& Other Income. |
33,601.86 |
|
|
|
|
|
1,113,440.07 |
2,621.78 |
|
|
|
|
|
|
| EXPENDITURE |
|
|
|
|
|
|
Clearing &
Settlement Expenses |
764,550 |
250,038.00 |
|
Software Expenses. |
4,445,825.00 |
|
|
Insurance Premium. |
2,310,246 |
112,694.00 |
|
Deputation Costs. |
1,470,324 |
|
|
Asset Ussage Charges. |
1,41,600.00 |
|
|
Depreciation |
568,711.00 |
93.00 |
|
Other Expenses |
1,983,293.62 |
292,580.50 |
|
Preliminary &
Pre-Operative Expenses Written -Off |
51,798.00 |
51,798.00 |
|
|
|
|
11,736,347.62 |
707,203.50 |
|
|
|
| NET
LOSS FOR THE YEAR |
10,622,907.55 |
704,581.72 |
| ADD:NET
LOSS BROUGHT FORWARD |
704,581.72 |
|
|
|
|
| NET
LOSS CARRIED FORWARD TO BALANCE SHEET |
11,327,489.27 |
704,581.72 |
|
|
|
Sd/- |
Sd/- |
|
Praveen Mohnot |
S.
Venkatraman |
|
Managing Director |
Chairman |
|
|
| As
per our report |
|
|
Sd/- |
|
| For
K.S. AIYAR & CO. KVS
Mani |
|
| Chartered
Accountants
Vice President |
|
|
|
|
|
|
Sd/-
Sd/- |
Sd/- |
| Raghuvir
M. Aiyar
Ajay Singhvi |
Shirin Patel |
| Partner
Asst. Vice President Manager |
Company
Secretary |
| Mumbai:
18th June 2001 |
|
|
|
