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Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from GCM Commodity & Derivatives - BSE: 535917, NSE: N.A
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GCM Commodity & Derivatives

BSE: 535917|ISIN: INE200P01016|SECTOR: Finance - Investments
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GCM Commodity & Derivatives is not traded in the last 30 days
GCM Commodity & Derivatives is not listed on NSE
Mar 14
Notes to Accounts Year End : Mar '15
 1. COMPANY INFORMATION
 
 The company is incorporated on 26th April, 2005 at Calcutta, West
 Bengal, India. It is a Public limited company by its shares. The
 company operates in Capital & Commodity Market. The activities of the
 company include broking, trading, investing in shares & other
 securities, Commodities and other related activities of capital market.
 
 Note 2
 
 The Company has initiated legal proceeding against National Spot
 Exchange Limited through BSE Brokers'' Forum and is also a member of
 National Spot Exchange Investor Forum. The total amount receivable from
 National Spot Exchange Limited on account of settlement dues in
 Rs.1605.49 Lacs which includes both Client Fund and Self Fund.
 
 Note 3
 
 The Company has not received any intimation from suppliers regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosure, if any, relating to amount unpaid as at
 the year end together with interest paid/payable as required under the
 said act, have not been given.
 
 Note. 4
 
 In accordance with the requirement under the Accounting Standard - 22
 Accounting for taxes on Income the company has accounted for deferred
 Tax during the year. Consequently the net deferred tax asset of Rs.
 130,416/- during the year arising due to timing difference in
 depreciation & related items has been credited to Profit & Loss
 account.
 
 Note. 5
 
 There are no impairment of Assets, as the management is of the opinion
 that the carrying value of assets is more than the realizable value as
 on 31st March, 2015.
 
 Note. 6
 
 Related Party Disclosure: Directors are key Management Personnel of the
 Company Directors of the company
 
 1) Inder Chand Baid
 
 2) Manish Baid
 
 3) Samir Baid
 
 Other Related Entities
 
 1) GCM Securities Limited
 
 2) Global Capital Market & Infrastructures Ltd.
 
 3) Chello Comotrade Ltd.
 
 4) Cadillac Vanijya Pvt. Ltd,
 
 5) Silver pearl Hospitality & Luxury Spaces Ltd.
 
 6) GCM Capital Advisors Ltd.
 
 Details of Remuneration to Directors : (Samir Baid Rs. 1.50 Lac &
 Amrita Baid Rs. 1.50 Lac)
 
 Amount Paid to relative of director : Nil
 
 Note 7 Segment reporting
 
 The company operates in Trading activity of Commodity and Shares which
 is only identifiable reporting segment under AS-17 Segment Reporting
 issued by the Institute of Chartered Accountants of India.
 
 Note. 8
 
 Events Occurring after Balance Sheet Date
 
 No significant events which could effect the financial position as on
 March 31, 2015, to a material extent have been reported by the
 management, after the balance sheet date till the signing of the
 report.
 
 Note. 9
 
 Details of Loans given, Investments made, guarantees given covered
 under section 186(4) of The Companies Act, 2013
 
 Investments made are disclosed with respective notes, further no loans
 and guarantee has been given by the Company.
 
 Note. 10
 
 Previous year''s figures have been re-arranged and re-grouped wherever
 considered necessary.
Source : Dion Global Solutions Limited
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