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A.K.Capital Services
BSE: 530499|ISIN: INE701G01012|SECTOR: Finance - General
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Mar 12
Notes to Accounts Year End : Mar '13
NOTE-1
 
 Consequent to the adoption of Accounting Standard 15 (AS 15 Revised
 2005) on employee benefits, the following disclosures have been made as
 required by the standards :
 
 (i) Retirement benefits in the form of Provident fund are defined
 contribution scheme and the contributions are charged to the statement
 of profit and loss of the current year when the contribution to the
 respective fund is due. There are no other obligations other than the
 contribution payable to the respective fund.
 
 (ii) Gratuity liability is a defined benefit obligation and is provided
 for on the basis of an actuarial valuation made at the end of each
 financial year.
 
 The estimates of future salary increases, considered in actuarial
 valuation, take into account inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 NOTE-2
 
 SEGMENT REPORTING
 
 The Company operates in a single business and geographical segment i.e.
 Providing Merchant Banking Services within India.  Accordingly, no
 separate disclosures for primary business and secondary geographical
 segment are required.
 
 NOTE-3
 
 RELATED PARTY DISCLOSURES
 
 i Related party relationships: Subsidiaries
 
 A. K. Stockmart Private Limited (wholly owned)
 
 A. K. Capital Corporation Private Limited (wholly owned)
 
 A. K. Wealth Management Private Limited (wholly owned)
 
 A. K. Capital Finance Private Limited
 
 Key managerial personnel
 
 Mr. A. K. Mittal
 
 Mr. Deepak Mittal
 
 Relative of key management personnel
 
 Mrs. Anshu
 
 Mr. Abhinav Kumar Mittal
 
 Enterprise in which relative of key management personnel is having
 significant influence
 
 M Square Automobile Private Limited
 
 Notes:
 
 a The related party relationships have been determined on the basis of
 the requirements of the Accounting Standard (AS) -18 ''Related Party
 Disclosures'' and the same have been relied upon by the auditors.
 
 b The relationships as mentioned above pertain to those related parties
 with whom transactions have taken place during the year, except where
 control exist, in which case the relationships have been mentioned
 irrespective of transactions with the relatives.
 
 NOTE-4
 
 The Company has not received any intimation from its suppliers
 regarding their registration under the ''Micro, Small and Medium
 Enterprises Development Act, 2006''. Hence, no disclosure has been made.
 
 NOTE-5
 
 There was no impairment loss on the fixed assets on the basis of review
 carried out by the management in accordance with Accounting Standard
 (AS)-28 ''Impairment of Assets''.
 
 NOTE-6
 
 In the opinion of management, current assets, loans and advances have a
 value on realisation in the ordinary course of business at least equal
 to the amount at which they are stated in the balance sheet. The
 provision for depreciation and all known liabilities is adequate and
 not in excess of the amount reasonably stated.
 
 NOTE-7
 
 Previous year figures have been regrouped or rearranged, wherever
 considered necessary, to confirm with the current year''s presentation.
Source : Dion Global Solutions Limited
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