a.  Terms / rights attached to equity shares
 
 The Company has only one class of equity shares having a par value of R
 10 per share. Each holder of equity share is entitled to one vote per
 share. The Company declares and pays dividend in Indian rupees. The
 dividend proposed by the Board of Directors is subject to the approval
 of the shareholders in the ensuing Annual General Meeting.
 
 During the year ended March 31, 2012, the amount per share final
 dividend recognised as distributions to equity shareholders is R 6;
 (Previous year R 3 - final dividend, R 3 - interim dividend).
 
 In the event of the liquidation of the Company, the holder of equity
 shares will be entitled to receive remaining assets of the Company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholdev
 
 *Working capital loan from NBFC is secured against mortgage of the
 Company''s immovable property together with all structures and
 appurtenances thereon held by the Company situated at 8th Floor,
 Mafatlal Centre, Nariman Point, Mumbai 400 021. The above loan amount
 is repayable in lump sum at the end of the term of loan of 12 months.
 
 **Bank overdraft is secured against debt securities and personal
 guarantee of two directors of the company. The loan is repayable on
 demand.
 
 *During the year, R 38,790 has been credited into Investor Education
 and Protection Fund under Section 205C of the Companies Act, 1956.
 There are no dues as at March 31, 2012 which needs to be credited into
 Investor Education and Protection Fund.
 
 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) (w.e.f. May 12,
 2010)
 
 A.K. Capital Finance Private Limited
 
 Key managerial personnel
 
 Mr. Atul Kumar Mittal Mr. Deepak Mittal
 
 Relative of key management personnel
 
 Mv Anshu
 
 Mr. Abhinav Kumar Mittal 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 LEASES
 
 i Where the Company is lessee:
 
 The Company has taken various office premises under operating lease
 that are renewable on a periodic basis at the option of both the lessor
 and lessee.
 
 Notes:
 
 The amount of minimum lease payments with respect to the above lease
 recognised in the statement of profit and loss for the year is R
 5,895,420 (previous year R 1,943,200).
 
 Above disclosure is for leases entered after 1 April, 2001, as per
 Accounting Standard (AS) - 19 ''Leases'' issued by the Institute of
 Chartered Accountants of India.
 
 NOTE 5
 
 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 6
 
 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 7
 
 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 8
 
 Till the year ended March 31, 2011, the Company was using pre-revised
 Schedule VI to the Companies Act, 1956, for the preparation and
 presentation of its financial statements. During the year ended March
 31, 2012, the revised Schedule VI notified under the Companies Act, has
 become applicable to the Company. Therefore, the Company has
 re-classified previous year figures to conform to the current year''s
 presentation.