6th April,2005
Members of the
Exchange are hereby informed that henceforth all active members of the Exchange
shall be required to submit the net worth of the individual/partnership firm as
per the format given in Annexure – ‘A’ enclosed and of the corporate entity as per the format given in Annexure -
‘B’ enclosed. The net worth report in
the prescribed form shall be submitted,
duly certified by the auditor of the concerned member firm/corporate
entity, on a quarterly basis to the Exchange. The first such report will start from the
quarter ending 31st March,2005 and the same shall be submitted
within one month from the end of each quarter.
Enclo.Annexure
– ‘A’ & ‘B’
(Secretary)
Annexure - A
A) Statement of networth for an individual/partnership firm :
Sr.# |
Particulars |
Rs. |
Rs. |
Rs. |
|
|
|
|
|
1. |
Listed (Quoted) Investments (Not pledged) |
|
|
|
2. |
Market value of listed (quoted)
securities (other than Government) in the name of member (forming part of the
Balance Sheet)
|
X |
|
|
3. |
Margin of 30% on Market value of
listed (quoted) securities (other than Government) i.e. 30% of 2
|
X |
|
|
4. |
Net value of listed (quoted)
Investments (other than Government i.e. 2-3
|
|
X |
|
5. |
Bonds/Government Securities (Not pledged)
|
|
|
|
6. |
Market value of listed (quoted)
securities (Government) in the name of member (forming part of the Balance
Sheet)
|
X |
|
|
7. |
Margin of 10% on Market value of
listed (quoted) securities (Government) i.e. 10% of 6
|
X |
|
|
8. |
Net value of listed (quoted)
Investments (Government) i.e. 6-7
|
|
X |
|
9. |
Other Investments at cost
|
|
|
|
10. |
Fixed
deposits (Other than deposited to CSE
including membership card)
|
|
X |
|
11. |
Public Provident Fund (50% of the
investment provided if it is more than three years standing)
|
|
X |
|
12. |
Total Net Investments (4+8+10+11)
|
|
X |
|
13. |
Receivables which are less than 3
months old
|
|
X |
|
14. |
Loans, Advances and Deposits
|
|
|
|
15. |
Loans and advances excluding loans
and advances given to associates and related entities
|
|
X |
|
16. |
Deposits excluding non-refundable
deposits
|
|
X |
|
17. |
Cash & Bank Balance
|
|
X |
|
18. |
Other Liquid Assets, if any,
(specify), which are used for the purpose of business
|
|
X |
|
19. |
Total Assets (12+13+15+16+17+18)
|
|
|
X |
20. |
Current liabilities
|
|
|
|
21. |
Long Term liabilities
|
|
|
|
22. |
Total liabilities (20+21)
|
|
|
X |
23. |
Net Worth (19-22)
|
|
|
X |
B) Networth for a Corporate Entity :
Paid-up capital
|
|
X |
|
Add : Free Reserves
|
|
X |
|
Total |
|
|
X |
Less : Non-allowable assets viz. Non-allowable assets : |
|
|
|
Fixed assets including Land and Building |
X |
|
|
Receivables which are due and outstanding for more than three months |
X |
|
|
Doubtful Debt/Advances |
X |
|
|
Pledged securities |
X |
|
|
Total non-allowable assets |
|
X |
X |
Net worth |
|
|
X |
Notes :-
|
|
||
1. |
The following non-allowable assets should not be included in any head, while computing the networth |
||
|
|
||
|
|
(a) |
Pre-paid Expenses |
|
|
(b) |
Losses/Accumulated losses |
|
|
(c) |
Miscellaneous Expenditure |
|
|
(d) |
Deferred Expenditure |
|
|
(e) |
Bad deliveries |
|
|
(f) |
Intangible assets |
|
|
(g) |
Doubtful debts/advances not provided for |
|
|
(h) |
Non-refundable deposit |
|
|
(i) |
Loans and advances given to related entities |
|
|
(j) |
Advances against capital expenditure |
|
|
(k) |
Value of the Exchange card |