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Notes to Accounts of Hexa Tradex Ltd.

Mar 31, 2015

1 In the opinion of the Management, the realisable value of assets other than fixed assets and long term investments, in the ordinary course of business, would not be less than the amount at which they are stated.

2 Estimated amount of contracts remaining to be executed on capital account and not provided for (Net of Advances)- Rs. 546 lacs (Previous year Rs. 498 lacs)

(i) Information about Business Segments

The company has two business segments viz. Trading Activities and Investment & Finance. Company's operations are carried out in India and all assets are also located in India hence there is no reportable secondary business segment.

3 Related Parties Disclosures

List of Related Parties & Relationship

a) Subsidiary

Hexa Securities and Finance Company Limited

b) List of Key Management Personnel ( KMP ) & Person having significant influence

1 Mr. Prithvi Raj Jindal Chairman (Non Executive)

2 Ms. Sminu JindalManaging Director

3 Mr. Neeraj Kanagat Asstt. Vice President (Treasury) & CFO

4 Mr. Pravesh Srivastava Company Secretary

c) List of Relatives of Key Management Personnel ( KMP ) where transactions have taken place

1 Ms. Arti JindalWife of Mr Prithvi Raj Jindal

2 Ms. Reena Kanagat Wife of Mr. Neeraj Kanagat

d) Entities, where individual,having significant influence over reporting enterprise or KMP and/or their relatives, having significant influence

1 Danta Enterprises Private Limited

2 Groovy Trading Private Limited

3 Jindal Saw Limited

4 JITF Shipyards Limited

5 JSW Holdings Limited

6 JSW Steel Limited

7 Nalwa Sons Investment Limited

8 OPJ Trading Private Limited

9 P R Jindal HUF

10 PRJ Holdings Private Trust

11 Rohit Tower Building Limited

12 Sahyog Tradecorp Private Limited

13 Sonabheel Tea Limited

14 Virtuous Tradcorp Private Limited

4 Details of loans given, investments made and guarantees given, covered U/S 186 (4) of the Companies Act, 2013:

Loans given and investment made are given under the respective heads.

5 Previous year figures have been regrouped/re-arranged,wherever considered necessary.




Mar 31, 2014

1. In the opinion of the Management, the realisable value of assets other than fixed assets and long term investments, in the ordinary course of business, would not be less than the amount at which they are stated.

2. Estimated amount of contracts remaining to be executed on capital account and not provided for (Net of Advances)- Rs. 498 lacs (previous year Rs. Nil)

3. Related Parties Disclosures

List of Related Parties & Relationship

a) Subsidiary

- Hexa Securities & Finance Co. Limited

b) Key Management Personnel

- Ms. Sminu Jindal – Managing Director

- Mr. Neeraj Kanagat - CFO

c) Relatives of Key Management Personnel

- Mr. P.R. Jindal

- Ms. Arti Jindal

- Ms. Reena Kanagat

d) Enterprises over which Key Management Personnel and their relatives exercise significant influence

- Jindal Saw Limited

- P R Jindal HUF

- PRJ Holdings Private Trust

4. Previous year figures have been regrouped/re-arranged,wherever considered necessary.

5. Notes 1 to 33 are annexed and form integral part of Financial Statements.


Mar 31, 2013

1) In the opinion of the Management, the realisable value of assets other than fixed assets and long term investment, in the ordinary course of business, would not be less than the amount at which they are stated.

2) Segment Reporting

(i) Information about Business Segments

The company has two business segments viz. Trading Activities and Investment & Finance. Company''s operations are carried out in India and all assets are also located in India hence there is no reportable secondary business segment.

3) Related Party Transactions

List of Related Parties & Relationship

a) Subsidiaries:

- Hexa Securities & Finance Co. Ltd

b) Key Management Personnel

- Ms. Sminu Jindal – Managing Director

- Mr. Neeraj Kanagat-CFO

c) Enterprise over which key management personnel having significant influence

- Jindal Saw Limited

D) Relative of Key Management Personnel

- Mr. P.R. Jindal

4) Sundry Debtors, Creditors and other advances are subject to confirmation. The effect of the same, if any, which is not likely to be material, will be adjusted at the time of confirmation.

5) Figures for previous period ended 31st March, 2012 are not comparable with current year figures as previous period''s figures were from date of incorporation i.e.25th October, 2010 to 31st March, 2012.

6) Previous period''s figures have been regrouped wherever necessary.


Mar 31, 2012

1) This is the first financial period of the company, hence there are no previous year figures. Profit and loss account has been prepared from the date of incorporation i.e. 25th October, 2010 to 31st March, 2012.

2) Related Party Transactions List of Related Parties & Relationship

a) Subsidiaries:

Hexa Securities ft Finance Co. Ltd

b) Key Management Personnel

Ms. Sminu Jindal - Managing Director Mr. Neeraj Kanagat-CFO

c) Enterprise over which key management personnel having significant influence Jindal SAW Limited

3) In terms of the Scheme of Arrangement and Demerger (Scheme) with Jindal SAW Limited (JSL) for demerger of Investment Undertaking of the JSL and as per the Order of the Hon'ble High Court of Judicature at Allahabad dated August 29, 2011 which has been filed with the Registrar of Companies, Uttar Pradesh on 5th November 2011, Investment Undertaking of the JSL stands demerged with the Company w.e.f. 1st January, 2011, the appointed date. The assets and liabilities transferred as per the Scheme is as under:-

Further as per Scheme, existing capital of the Company of Rs 5 lacs stands cancelled and is credited to Securities Premium.

As per the Scheme, the Company has allotted to the equity shareholders of JSL 1 (one) equity share of face value of Rs. 2/- (credited as fully paid-up) for every 5 (five) fully paid-up equity shares of Rs. 2/- each held by them in JSL as on the Record Date i.e. 23rd November, 2011. Accordingly, the paid up capital of the Company is 55245354 equity shares of Rs 21- each amounting to Rs. 1104.91 lacs.

4) Segment Reporting

(i) Information about Business Segments

The company has two business segments viz. Trading Activities and Investment & Finance. Company's operations are carried out in India and all assets are also located in India hence there is no reportable secondary business segment.

NOTE: Segments have been identified in line with AS on Segment Reporting (AS-17) taking into account the organisational structure, nature of product and differential risk and returns of these segments.

5) In the opinion of the board any of the assets (other than fixed assets and non current investment) in the ordinary course of business, would not be less than the amount at which they are stated.

As per our report of even date attached

 
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