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Notes to Accounts of Jayant Mercantile Co. Ltd.

Mar 31, 2015

1. The disclosure requirements under Schedule III of the Companies Act, 2013 are given to the extent applicable to 24: Previous year figures have been re-grouped and re-arranged if required making them comparable with current

2. There are no creditors as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

3. In our opinion the current assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. Investment is valued at cost of acquisition.

4. Provision for all known liabilities are adequate and are not in excess of the amount considered reasonably

5. Expenditure incurred in foreign currency is NIL.

6. Related Party Disclosures, as required by Accounting Standard-18 "Related Party Disclosures" issued by the Institute of Chartered Accountants of India is NIL

7. Claim against the Company not acknowledge as debts : Rs.Nil


Mar 31, 2014

A. T erms / rights attached to equity shares

The Company has only one class of equity shares having a par value of Re.1/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.


Mar 31, 2012

A. Terms / rights attched to equity shares

The Company has only one class of equity shares having a par value of Re.1/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1. Loans & Advances and debit / credit balances are subject to confirmation.

2. The Company does not owe any sum exceeding Rs. 1,00,000/ to small scale undertaking which is outstanding for more than 30 days

3. During the year under review, no employee was in receipt of remuneration in excess of the limits specified u/s.217 (2A) of the Companies Act, 1956.

4. Earning Per Share has been computed as under:

Earning Per share = Net Profit attributable to shareholders / Weighted Number of Shares Outstanding

5. The Previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.


Mar 31, 2011

1. Information pursuant to Para 3 & 4 of the Part II of Sch. VI of the Companies Act, 1956 : NIL

2. Loans & Advances and debit / credit balances are subject to confirmation.

3. The Company does not owe any sum exceeding Rs. 1,00,000/ to small scale undertaking which is outstanding for more than 30 days.

4. The Company has single reportable segment Viz Investment and Financial Activity for the purpose of Accounting Standard 17 on Segment reporting.

5. Previous year's figures have been regrouped / rearranged wherever necessary.