Mar 31, 2018
Note : 1 Disclosure as per IND AS-19 Retirement Benefits:
Post Retirement Employee Benefit:
Description of Plan Gratuity
Leave Encasement Principal actuarial assumptions:
Note : 2 Previous Year Figures
Previous year figure are regrouped, wherever necessary. Current year balance sheet dervied after taking all Ind (AS) denationrcosi.
Mar 31, 2015
1. Terms/Rights attached to Equity Shares
The Company has only one class of shares referred to as equity shares
having a par value of Rs. 10. The equity shares have rights,
preferences and restrictions which are in accordance with the
provisions of law,in particular the Companies Act,2013.
2. Disclosure as per Accounting Standard -18 on Related Party
Disclosures
(i) Name of the associates with whom transactions were carried out
during the year.
Associate Concerns
1 Jindal Polybutton Limited
2 Jindal Metal Limited
3 Amtrex Trading Co. Pvt. Ltd
Name of the key management personnel and their relatives with whom
transactions were carried out during the year
(ii) Key management personnel & their relatives:
1 Sh. Abhiram Tayal Managing Director
Abhiram Tayal HUF HUF
2 Smt. Anubha Tayal Director
Sh. Vikram Kumar Jain Brother
3 Sh. Karan Dev Tayal Director
Smt. Kashni Tayal Wife
Mar 31, 2014
Note : 1 Disclosure as per AS15-Retirement Benefits: Post Retirement
Employee Benefit:
Description of Plan Gratuity
Leave Encasement
Note : 2 Disclosure as per Accounting Standard -18 on Related Party
Disclosures
(i) Name of the associates with whom transactions were carried out
during the year.
Associate Concerns
1 Jindal Polybutton Limited
2 Jindal Metal Limited
3 Amtrex Trading Co. Pvt, Ltd
Name of the key management personnel and their relatives with whom
transactions were can out during the year
(ii) Key management personnel & their relatives
1 Sh. Abhiram Tayal Managing Director
Abhiram Tayal HUF HUF ~
2 Smt. Anubha Tayal Director
Sh. Vikram Kumar Jain Brother
3 Sh. Karan Dev Tayal Director
Smt. Kashni Tayal Wife
The Central Excise Department had made a demand of Rs.385377/- towards
tax liablity for the year 2000. Management contends that the Company
has sufficent grounds to defend its position and has already filed
appeal with appellate authorities.
Haryana Government had imposed a levy namely Local Area Development Tax
sin the year 2007. However, the matter is pending in the Supreme Court
Mar 31, 2013
Note : 1 Disclosure as per Accounting Standard -18 on Related Party
Disclosures
(i) Name of the associates with whom transactions were carried out
during the year.
Associate Concerns
1. Jindal Polybutton Limited (Job work)
2. Jindal Metal Limited
3. Amtrex Trading Co. Pvt. Ltd.
Name of the key management personnel and their relatives with whom
transactions were carried out during the year
(ii) Key management personnel & their relatives :
1. Sh. Abhiram Tayal Managing Director AbhiramTayalHUF HUF
2. Smt. Anubha Tayal Director Sh. Vikram Kumar Jain Brother
3. Sh. Karan Dev Tayal Director Smt. Kashni Tayal Wife
Note : 2 Previous Year Figures
Previous year figures are regrouped, wherever necessary.
Notes referred to above and notes attached thereto form an integral
part of financial statements.
Mar 31, 2012
(a) Terms/Rights attached to Equity Shares
The Company has only one class of shares referred to as equity shares
having a par value of Rs. 10. The equity shares have rights,
preferences and restrictions which are in accordance with the
provisions of law,in particular the Companies Act, 1956.
Working Capital Loans from Banks (Current and Non Current)
Security
a. Cash Credit of Rs. 179997438 from Punjab National Bank is secured
against hypothecation of stock of finished goods, raw materials, work
in progress, book debts, stores and spares and guaranteed by the
directors.
b. Working Capital Demand Loan of Rs.202165753 from Punjab National
Bank is secured against hypothecation of stock of finished goods, raw
materials, work in progress, book debts, stores and spares and
guaranteed by the directors.
c. Foreign Currency Loan - Buyer's Credit of Rs.71631095 is secured
against hypothecation of stock of finished goods, raw materials, work
in progress, book debts, stores and spares and guaranteed by the
directors.
Note : 1 Disclosure as per Accounting Standard -18 on Related Party
Disclosures
(i) Name of the associates with whom transactions were carried out
during the year.
Associate Concerns
1. Ravindra Tubes Limited Hisar
2. Jindal Polybutton Limited
3. Jindal Product Limited
4. Jindal Metal Limited
5. Amtrex Trading Co. Pvt. Ltd.
Name of the key management personnel and their relatives with whom
transactions were carried out during the year
(ii) Key management personnel & their relatives :
1. Sh. AbhiramTayal Managing Director AbhiramTayal HUF HUF
2. Smt.AnubhaTayal Director Sh. Vikram Kumar Jain Brother
3. Sh. Karan DevTayal Director Smt. Kashni Tayal Wife
The Central Excise Department had made a demand of Rs.385377/- towards
tax liablity for the year 2000. Management contends that the Company
has sufficent grounds to defend its position and has already filed
appeal with appellate authorities.
Haryana Government had imposed a levy namely Local Area Development Tax
in the year 2007. However, the applicablity of the levy has been
challanged and the appeal is pending in the Hon'ble Punjab & Haryana
HighCourt and matter is still pending, therefore, no provision in this
regard has been made.
Note : 2 Previous Year Figures
Financial statements for the year ended 31 st March, 2012 have been
prepared based on revised Schedule VI of the Companies Act, 1956. The
adoption of revised Schedule VI does not impact recognition and
measurement principles of individual items within this Financial
statments. However, it has significant impact on presentation and
disclosures made in the financial statements. The Company has
accordingly reclassified the previous year's figures to meet the
requirements applicable for the current year.
Notes referred to above and notes attached thereto form an integral
part of financial statements.
Mar 31, 2010
1. Disclosure as per ASt5-Retirement Benefits : Post Retirement
Employee Benefit: a) Description of Plan i) Gratuity ii) Leave
Encasement
2. CONTINGENT LIABILITIES NOT PROVIDED FOR
31.03.2010 31.03.2009
(Rs.) (Rs.)
a) Cheques/Bills/LCs/FLCs discounted with
Companys Banker 47818738 36172449
b) Guarantee issued by banker for which
counter guarantee given by the Company 1298007 1198007
c) Debts not acknowledge as debt
i) In respect of Excise Duty 385377 385377
ii) In respect of Electricity 210630 210630
iii) In respect of Sales Tax 667720 667720
iv) In respect of Haryana State Pollution
Control Board 100000 -
d) Capital Commitments (Net of Advances) 5000000 6290000
e) Local Area Development Tax 12499723 7245178
3. Internal salaries and wages incurred during the year on repair and
maintenance have been charged directly to salaries and wages account,
the separate amount of which are not ascertainable.
4. -Stores and spares consumed during the year on repair and
maintenance has been charged directly to store and spares consumed.
5. Disclosure on related party transactions:
Description of relationship and Names of related parties :-
i) Key Management Personnel :
Sh. Abhiram Tayal (Managing Director)
Smt. Anubha Tayal (Director)
Sh. Karan Dev Tayal (Director)
ii) Relative of Key
Management Personnel : Smt. Kashni Tayal
Sh. Vikram Kumar Jain
iii) Associate Concerns : M/s. Ravindra Tubes Limited, Hisar
M/s. Jindal Polybutton Ltd., Hisar
M/s. Jindal Product Ltd., Hisar
M/s. Jindal Metal Ltd., Hisar
M/s. Amtrex Trading Co. Pvt. Ltd., Hisar
M/s. North Cott. Gin. & Trading Co.
Pvt. Ltd., Hisar
6. Sundry Creditors for goods and expenses include dues to Small Scale
Industrial Undertakings aggregating to Rs. Nil. (Previous Year
Rs.Nil).
7. Previous year figures have been regrouped and/or rearranged
wherever considered necessary and practical to make them comparable
with current years figures.
8. Schedule A to T is annexed to and form an integral part of Balance
Sheet and Profit and Loss account and has been duly authenticated.
Mar 31, 2009
1, Disclosure as per AS15-Retirement Benefits : Post Retirement
Employee Benefit: a) Description of Plan
i) Gratuity
ii) Leave Encasement
2. CONTINGENT LIABILITIES NOT PROVIDED FOR
31.03.2009 31.03.2008
(Rs.) (Rs.)
a) Cheques/Bills/LCs/FLCs
discounted with Companys Banker 3,61,72,449 7,87,40,968
b) Guarantee issued by banker for
which counter guarantee given
by the Company 11,98,007 11,98,007
c) Debts not acknowledge as debt
i) In respect of Excise Duty 3,85,377 3,85,377
ii) In respect of Electricity 2,10,630 2,10,630
iii) In respect of Sales Tax 6,67,720 6,67,720
d) Capital Commitments
(Net of Advances) 62,90,000 3,75,26,850
e) Local Area Development Tax 72,45,178 43,33,378
3. Internal salaries and wages incurred during the year on repair and
maintenance have been charged directly to salaries and wages account,
the separate amount of which are not ascertainable.
4. Stores and spares consumed during the year on repajr and
maintenance has been charged directly to store and spares consumed.
5. Disclosure on related party transactions :
Description of relationship and Names of related parties :-
i) Key Management Personnel : Sh. Abhiram Tayal (Managing Director)
Smt. Anubha Tayal (Director)
Sh. Karan Dev Tayal (Director)
ii) Relative of Key Management Personnel :
Smt. Kashni Tayal
Sh. Vikram Kumar Jain
iii) Associate Concerns :
M/s. Ravindra Tubes Limited, Hisar
6. Sundry Creditors for goods and expenses include dues to Small Scale
Industrial Undertakings aggregating to Rs. Nil. (Previous Year
Rs.Nil).
7. Additional information pursuant to the provisions of paragraph 3 &
4 of part II of Schedule VI of the Companies Act, 1956.
8. Previous year figures have been regrouped and/or rearranged
wherever considered necessary and practical to make them comparable
with current years figures.
9. Schedule A to T is annexed to and form an integral part of Balance
sheet and Profit and Loss account and has been duly authenticated.