|
|
Balance
Sheet
|
OTC EXCHANGE OF INDIA |
|
BALANCE SHEET AS ON MARCH 31, 2001 |
|
|
|
|
|
(All amounts in Indian rupees) |
|
|
|
| SOURCES
OF FUNDS |
2001 |
2000 |
|
|
|
| SHAREHOLDERS'
FUNDS |
|
|
|
Share
capital |
100,000,000 |
100,000,000 |
|
Reserves
and funds |
711,105,493 |
701,701,880 |
|
|
|
|
811,105,493 |
801,701,880 |
| UNSECURED
LOANS |
17,939,718 |
20,940,744 |
|
|
|
|
|
|
829,045,211 |
822,642,624 |
|
|
|
| APPLICATION
OF FUNDS |
|
|
|
|
|
| FIXED
ASSETS |
|
|
|
Gross
block |
308,518,326 |
297,494,975 |
|
Less:
Accumulated depreciation |
(182,481,705) |
(128,406,043) |
|
|
|
|
|
Net
block |
126,036,621 |
169,088,932 |
|
Capital
advances |
55,000 |
4,688,728 |
|
|
|
|
126,091,621 |
173,777,660 |
|
|
|
| INVESTMENTS |
241,160,573 |
262,925,883 |
|
|
|
| CURRENT
ASSETS, LOANS AND ADVANCES |
|
|
|
Accrued
income on investments |
4,067,857 |
6,422,794 |
|
Equipment
held for resale |
392,000 |
420,000 |
|
Sundry
debtors |
6,989,838 |
1,665,971 |
|
Cash
and bank balances |
52,708,312 |
47,123,710 |
|
Receivable
from Settlement Guarantee Fund |
25,873,323 |
17,600,747 |
|
Other
current assets [net of provision for doubtful receivables Rs
1,665,100(2000 - Rs 1,860,000)]
|
4,240,850 |
2,133,290 |
|
Loans
and advances |
20,360,697 |
13,120,418 |
|
|
|
|
114,632,877 |
88,486,930 |
| LESS:
CURRENT LIABILITIES AND PROVISIONS |
|
|
|
Current
liabilities |
(57,151,254) |
(49,801,266) |
|
Provisions |
(845,251) |
(1,745,681) |
|
|
|
|
(57,996,505) |
(51,546,947) |
|
|
|
|
Net
current assets |
56,636,372 |
36,939,983 |
|
|
|
|
ACCUMULATED
DEFICIT |
405,156,645 |
348,999,098 |
|
|
|
|
829,045,211 |
822,642,624 |
|
|
|
|
|
|
Sd/- |
|
|
A
N Palwankar |
|
|
Chairman |
|
Sd/- |
Sd/- |
Sd/- |
|
Arthur Andersen & Associates
|
V
R Galkar |
Praveen
Mohnot |
|
Chartered Accountants |
Director |
Managing
Director & CEO |
|
Sd/- |
Sd/- |
Sd/- |
| Mumbai |
Narayan
K Seshadri |
Ajay
C. Singhvi |
KVS
Mani |
| August,29,2001
|
Partner |
Asst.
VP(Accounts) |
VP
& Company
Secretary |
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC EXCHANGE OF INDIA |
|
STATEMENT OF INCOME AND EXPENDITURE |
|
FOR THE YEAR ENDED MARCH 31, 2001 |
|
|
|
|
|
(All amounts in Indian rupees) |
|
|
|
|
|
|
| INCOME |
2001 |
2000 |
|
|
|
|
Subscriptions |
4,860,000 |
5,435,000 |
|
Registration
and listing fees, net |
1,937,587 |
1,938,586 |
|
Income
from investments and bank deposits, net |
30,152,416 |
42,592,285 |
|
Other
income |
8,041,293 |
6,811,765 |
|
|
|
|
44,991,296 |
56,777,636 |
|
|
|
| EXPENDITURE |
|
|
|
|
|
|
Employee
costs |
12,541,210 |
15,569,022 |
|
Computer
software costs |
1,652,814 |
1,212,309 |
|
Depreciation |
50,823,505 |
29,988,562 |
|
Other
operating costs |
33,839,289 |
73,418,021 |
|
Interest
on unsecured loans |
2,292,025 |
3,056,034 |
|
|
|
|
101,148,843 |
123,243,948 |
|
|
|
| NET
DEFICIT FOR THE YEAR |
(*)
56,157,547 |
66,466,312 |
|
|
|
| ACCUMULATED
DEFICIT, beginning of year |
348,999,098 |
282,532,786 |
|
|
|
| ACCUMULATED
DEFICIT, end of year |
405,156,645 |
348,999,098 |
|
|
|
|
|
Sd/- |
|
|
A
N Palwankar |
|
|
Chairman |
|
|
Sd/- |
Sd/- |
Sd/- |
|
Arthur Andersen & Associates |
V
R Galkar |
Praveen
Mohnot |
|
Chartered Accountants |
Director |
Managing
Director & CEO |
|
Sd/- |
Sd/- |
Sd/- |
| Mumbai
|
Narayan
K Seshadri |
Ajay
C. Singhvi |
KVS
Mani |
| August29,2001 |
Partner |
Asst.
VP(Accounts) |
VP
& Company
Secretary |
(*) Note: Deficit
before depriciation Rs. 53.34 lakhs & deficit excluding prior
paid items amounts to Rs. 7.74 lakhs.(Rs. 12.70 lakhs for
communication,Rs. 32.90 lakhs for professional charges.)
|
|
|
