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Notes to Accounts of Jaykay Enterprises Ltd.

Mar 31, 2015

1. (a). Deferred Tax assets have not been recognised, considering the principle of virtual certainty as stated in the Accounting Standard AS-22 - Accounting for Taxes on Income.

2. Segment Reporting

The Company has income from other sources only. Hence, no segment wise information is being furnished.

3. Related Parties Disclosures : (AS-18)

List of related parties with whom transactions have taken place during the year:

A. Associate Company

J. K. Cotton Ltd. (Formerly J.K. Cotton Spg. & Wvg. Mills Co. Ltd.)

B. Key Management Personnel:

1. Shri Y. P. Singhania Managing Director (upto 31.08.2014)

2. Dr. Gaur Hari Singhania

3. Shri Govind Hari Singhania

4. Shri Ashok Gupta Managing Director (w.e.f. 01.09.2014)

C. Entities over which key management personnel has significant influence :

J.K.Cement Ltd.

Details of Transactions are as follows;

1. Remunaration

Key Management Personnel

Shri Govind Hari Singhania Rs. 84,270/-

Shri Ashok Gupta Rs. 1,240,519/-

2. Rent, Interest and other expenses paid

(i) Associate Company Rs. 1,200,000/- Rent, Expenses recovered and Services rendered

(i) Associate Company Rs. 2,053,752/-

(ii) J.K.Cement Ltd. Rs. 12,713,657/-

4. Based on the information available with the company regarding status of suppliers as defined under MSMED Act,2006, there is no amount payable to the Micro, Small and Medium Enterprises.

5. Balances in suppliers and Deposit accounts taken as per books are subject to confirmation/reconciliation and consequential adjustments.

6. Previous year's figures have been recasted/regrouped wherever necessary to conform to the classification of the year.

7. CONTINGENT LIABILITIES (Rs.) (Rs.)

(i) In respect of claims against the Company not acknowledged as debts. 19645950 19645950

(ii) In respect of non-fulfilment of export obligations against advance licences Indeterminate

(iii) In respect of disputed demands, appeals pending with Appellate Authorities / Courts - no provision has been considered necessary by the Management : * Custom Duty and Penalty 87260769 87260769

8. DISCLOSURE IN TERM OF AS-15 ARE AS UNDER:-

a) Defined contribution plan

Contribution to defined contribution plan recognised as expenses for the year 2014-15 are as under Rs. /lacs

Employer's contribution to Provident Fund 8.08

Employer's contribution to Pension Fund 2.38

Employer's contribution to Superannuation Fund 7.81

b) Defined benefit plan

The Employees Gratuity Fund Scheme managed by a Trust is a defined benefit Plan.

The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

The obligation for leave encashment is recognised in the same manner as gratuity.


Mar 31, 2014

1. (a). Deferred Tax assets have not been recognised, considering the principle of virtual certainty as stated in the Accounting Standard AS-22 – Accounting for Taxes on Income.

(b). In view of brought forward losses and unabsorbed depreciation, the entry for MAT credit entitlement has not been accounted for.

2. Based on the information available with the company regarding status of suppliers as defined under MSMED Act, 2006 there is no amount payable to the Micro, Small and Medium Enterprises.

3. Balances in Suppliers and Deposit accounts taken as per books are subject to confirmation/reconciliation and consequential adjustments.

4. Previous year''s figures have been recasted / regrouped wherever necessary to conform to the classification of the year.


Mar 31, 2013

1. In view of the brought forward losses and unabsorbed depreciation in respect of earlier years, no provision for income tax liability for the current year is required.

2. Deferred Tax assets have not been recognised, considering the principle of virtual certainty as stated in the Accounting Standard AS-22 – Accounting for Taxes on Income.

3. Segment Reporting

The Company has income from other sources only. Hence, no segment wise information is being furnished.

4. Based on the information available with the company regarding status of suppliers as defined under MSMED Act, 2006 there is no amount payable to the Micro, Small and Medium Enterprises.

5. Balances in Suppliers and Deposit accounts taken as per books are subject to confirmation/reconciliation and consequential adjustments.

6. Previous year''s figures have been recasted / regrouped wherever necessary to conform to the classification of the year.

7. CONTINGENT LIABILITIES

(i) In respect of claims against the Company not acknowledged as debts 19645950 19645950

(ii) In respect of non-fulfilment of export obligations against advance licences - - Indeterminate

(iii) In respect of claims of penalty and interest on late payments. Indeterminate - -

(iv) In respect of disputed demands, appeals pending with Appellate Authorities / Courts – no provision has been considered necessary by the Management :

- Custom Duty and Penalty 87260769 87260769


Mar 31, 2012

31.3.2012 31.3.2011 (Rs.) (Rs.)

1. CONTINGENT LIABILITIES

(i) In respect of claims against the Company not acknowledged as debt 19645950 19645950

(ii) In respect of non-fulfilment of export obligations against advance licences Indeterminate

(iii) In respect of claims of penalty and interest on late payments Indeterminate

(iv) In respect of disputed demands, appeals pending with Appellate Authorities / Courts – no provision has been considered necessary by the Management :

(a) Excise Duty on waste of base yarn used for manufacture of Texturising Yarn 27606411 27606411

(b) Income Tax (paid under dispute) – 11278517

(c) Trade Tax 1469200 1469200

(d) Custom Duty and Penalty 87260769 87260769

2. In view of the reliefs granted by the Appellate Authorities and brought forward losses and unabsorbed depreciation in respect of various earlier years, no provision for income tax liability for the current year is required.

3. Deferred Tax assets have not been recognised, considering the principle of virtual certainty as stated in the Accounting Standard AS-22 – Accounting for Taxes on Income.

4. Segment Reporting

The Company has income from other sources only. Hence, no segment wise information is being furnished.

5. Related Parties Disclosures :

List of related parties with whom transactions have taken place during the year:

A. Associate Company

J.K. Cotton Spg. & Wvg. Mills Co. Ltd.

6. Based on the information available with the company regarding status of suppliers as defined under MSMED Act, 2006 there is no amount payable to the Micro, Small and Medium Enterprises.

7. Balances in Customers, Suppliers and Deposit accounts taken as per books are subject to confirmation/reconciliation and consequential adjustments.

8. Previous year's figures have been recasted / regrouped wherever necessary to conform to the classification of the year.

@ Share sold during the year

# Includes 150 Bonus Shares, the Scrips whereof not received till 31.3.2012, but allotment letter in respect thereof is in our possession.

Note :

1. The shareholders of Demat segment are advised to update any of the missing information of this part in depository records if not correctly updated earlier.

2. The holders of physical segment are advised to avail benefit of this facility for quick communication.

3. Please note that Company will send all communications, notices, annual reports etc. to the holders of Demat segment at the postal address provided in depository records.

4. Kindly intimate the above details through post or through email at anyone of the following e-mail addresses : jkshr@jkcement.com or rc.srivastava@jkcement.com or anil. kamthan@jkcement.com


Mar 31, 2011

Not Available


Mar 31, 2010

1. Previous years figures have been re-casted / re-grouped wherever necessary to conform to the classification of the year.

Market value of quoted investments as on 31.3.2010 was Rs. 31142 (31.3.2009 Rs. 10867).

Information pursuant to the provisions of Paragraphs 3, 4C & 4D of Part - II of Schedule VI to the Companies Act, 1956 i.e. Capacity, Turnover, Production, Stocks, Raw Material and Stores and Spares Consumed, CIF Value of Imports and Expenditure in Foreign Currency are "NIL" as all the plants have been sold. However, earning in Foreign Currency by way of dividend income is Rs. 4 Thousands (Previous Year Rs.60 Thousands).

There has been no production/product sale, hence accounting ratios have not been worked out.

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