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Notes to Accounts of Jackson Investments Ltd.

Mar 31, 2016

Note 1.

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 yearend together with interest paid/payable as required under the said act, have not been go

Note 2.

The Payment of Gratuity Act, 1972 is not applicable to the company as the number of permanenteempToyhe company are below to Note 2.19

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 B 1st M ar ch, 2015.

Note. 3.

Related Party Disclosures: Directors are Key Management Personnel of the Company Directors of the Company

1) Amit Khemka

2) Purushottam Khandelwal B) Bibha Rani Saha

4) Ramesh Kumar Saraswat Details of Remuneration to Directors :

Note 4.

Events Occurring after Balance Sheet Date

No significant events which could affect the financial position as on March Bi 2016, to a matte have been reported by the management, after the balance sheet date till the signing of the report.

Note 5.

Details of Loans given, Investments made, guarantees given covered under section 186(4) of The Companies Act, 2013

Details of loan given during the year is separately attached .Investments made are disclosed with respective note, further no guarantee has been given by the Com]( Refer Annexure A)


Mar 31, 2015

Other Notes and Additional Information forming part of Financial Statements

i) In the opinion of the management, current assets, loans and advances and other receivables have realizable value of at least the amounts at which they are stated in the accounts

Note 1.

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 yearend together with interest paid/payable as required under the said act, have not been given.

Note 2

The Payment of Gratuity Act, 1972 is not applicable to the company as the number of permanent employees in the company are below ten,

Note 3

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.4

Related Party Disclosures: Directors are Key Management Personnel of the Company

Directors of the Company

1) Amit Khemka

2) Purushottam Khandelwal

3) Vishal Kr. Saraswat

4) Bharti Fogla

5) Nand Kishore Fogla

Note 2.21

The Company has two reporting segments;

1. Securities & Commodities Trading

2. Textile Trading & Interest Activities

Accounting policies adopted for the purpose of segment reporting are in consonance with the other accounting policies followed by the Company along with below mentioned additional accounting policies;

1. Expenses which do not directly relate to any of the segments have been disclosed as unallocated expenses

2. Segment assets include all operating assets used by a segment and majorly they consist of debtors, stock and other current assets.

3. Segment liabilities consist principally of sundry creditors.

Note 5

Events Occurring after Balance Sheet Date

No significant events which could affect 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 6

Details of Loans given, Investments made, guarantees given covered under section 186(4) of The Companies Act, 2013

Details of loan given during the year is separately attached. Investments made are disclosed with respective note, further no guarantee has been given by the Company.

Note 7

Previous year's figures have been re-arranged and re-grouped wherever considered necessary.


Mar 31, 2013

1.1 Other Notes on Financial Statements

- Figures of previous year have been regrouped/rearranged where necessary.

- The Company is a Small and Medium size Company as defined in the General Instruction in respect of Accounting Standards as applicable to a Small and Medium Sized Company.

1.2 Related Party Disclosures (AS 18)

Relationship

A. Wholly owned Subsidiary - None

B. Associate Company - None

C. Company under Common Control of Promoter - None

D. Key Management Personnel

1. Nand Kishore Fogla

2. Amit Khemka

Transactions

There have been no related party transactions during the year under review.

1.3 Segment Reporting (AS 17)

Primary Segment

Based on guiding principle given in the Accounting Standard 17 “Segment Reporting” issued by the “Institute of Chartered Accountants of India” the Company’s segments are

1. Textile Trading

2. Trading / Investment in Shares & Securities

3. Trading in Commodities Trading

4. Loan Syndication or lending money on Interest

The Accounting policies adopted or the segment reporting are in line with the accounting policies of the Company with the following additional policies for the segment reporting :

a. Expenses have been included to the Segments on the basis of their relationships to the Accounting activities of the Segment. Expenses which relate to the enterprises as a whole and are applicable to the segments on a reasonable basis have been included under “Unallocated Expenses”.

b. Segment Assets include all operating assets used by a segment and consist principally of debtors, stocks, loans and advances.

c. Segment liabilities consist principally of creditors.

1.4 Miscellaneous Expenditure

No Miscellaneous Expenditure is written off during the year.


Mar 31, 2012

1. Figures of the previous year has been re-grouped/re-arranged/ re-casted wherever necessary.

2. The Company is a Small & Medium Size Company as defined in the General Instruction in respect of Accounting Standard notified under trie Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small & Medium Size Company.

3. Segment Reporting

Primary Segment

Based on the guiding Principle given in the Accounting Standared-17 "Segment Reporting" issued by the Institute of Chartered Accountants of India, the Company''s Segments are (i) Securities & Commodities Trading and (ii) Textiles Trading & Interest activities.

The accounting policies adopted for the segment reporting are in line with the accounting policies of the Company with the following additional policies for the segment reporting :

i) Expenses have been included to the Segments on the basis of their relationships to the Accounting activities of the Segment. Expenses, which relate to the enterprises as a whole and are not allocable to the segments on a reasonable basis, have been included under "Unallocated Expenses".

ii) Segment assets include all operating assets used by a segment and consist, principally of debtors, stocks, loans & advances.

iii) Segment liabilities consist Principally of creditors

NOTES NO.17: Significant Accounting Policies and Other Notes on Financial Statements (Con!.....J

4. Related Party disclosures :

Disclosures as required by the Accounting Standared 18" Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

A. Relationship are given below :-

a) Directors (existing) :- (1) Amit Khemka, (2) Nand Kishore Fogla. (3) Nirmal Kumar Poddarand(4) Mr. Amlesh Sadhu {From 31.07.12).

b) Group Companies where common control exists : NIL

B. Transaction with related Parties : NIL

C. Amount Outstanding (Receivable) as on 31.3.2012 : NIL

D. Amount Outstanding (Payable) as on 31.3.2012 : NIL

5. DEFERRED TAX ASSETS / LIABILITIES :

The Company has not acquired any fixed assets (no Depreciation Difference) and there is no Deferred Tax Liability. The Company has not earned forward business losses under the Income Tax Act, 1961, there is no Deferred Tax Assets. Hence, the Deferred Tax Assets and Liabilities have not been Accounted for. This is in accordance with Accounting Standard (AS22)"Accounting for Taxes on Income" issued by the Institute of Chartered Accoutants of India.

6. ADDITIONAL INFORMATION :

Pursuant to the provision of Paragraph "5° of part II of Schedule VI to the Companies Act, 1956:-

a) Details of Items of Exceptional and Extra Ordinary Nature : NIL

b) Prior period Items : NIL

c) Aggregate of the amounts set aside or proposed to be set aside to Reserves or Provisions or withdrawn from such Reserves or Provisions : NIL

d) Value of Imports on CI.F. basis, Expenditure in Foreign : NIL Currency on Account of Royalty, Know-how, Fees, Interest and other matters and remittance on account of dividend in foreign currency

e) Earning in Foreign Exchange on Export, Royalty, Know-how, Fees, Interest, Dividend or others : NIL

f) Quantitative information in respect of goods traded during the year are as under: -

NOTES : i) Previous year''s figures are given in the brackets.

ii) Opening Stock includes those of the amalgamated Companies in the previous year.


Mar 31, 2011

1. Related Party disclosures :

Disclosures as required by the Accounting Standared 18" Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

A. Relationship are given below :-

a) Directors (existing) :- 1) Amit Khemka (2) Nand Kishore Fogla and (3) Nirmal Kumar Poddar.

b) Group Companies where common control exists : NIL

B. Transaction with related Parties : NIL

C. Amount Outstanding (Receivable) as on 31.3,2011 : NIL

D. Amount Outstanding (Payable) as on 31.3.2011 : NIL

2. ADDITIONAL INFORMATION ; Pursuant to the provision of Paragraph 3 of part II of Schedule VI to the Companies Act 1956:

a) Expenditure on employees who were in receipt of or entitled to receive remuneration of p0tJn^fn Rs-24''00-000/- Per annum, where employed for whole year or Rs.2,00,000/-per month, where employed forapart of the year and number of such employees

b) Earning/outgo in foreign currency on Export/Import of goods on F.O.B./C.I.Fbasis

NOTES

i) Previous year''s figures are given in the brackets

"il) Opening Stock includes those of the amalgamated Companies in the previous year

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