Mar 31, 2015
1 Corporate information
The Company was incorporated in the name of Jindal Capital Limited on
June 20,1994.The Company was engaged in trading and investments in
shares and other securities;providing loans & advances and other
related activities.
2 Prior Year Comparatives
The previous year's figures are regrouped, rearranged, or recast
wherever necessary to conform to this year's classification.
3 Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
Based on the information available with the Company, the balance due to
micro and small enterprises as defined under the MSMED Act, 2006 is Rs.
Nil (Previous year Rs. Nil) and no interest has been paid or is payable
under the terms of the MSMED Act, 2006
4 Related party transactions
Key Management Personnel (KMP):-
- Pawan Jindal
- Sarita Agarwal
Relatives of KMP's:-
- Shray Jindal (son of Director)
- Paridhi Jindal
Enterprises owned or significantly influenced by KMP or their Relatives
-PKJ securities Private limited
Mar 31, 2014
1 Corporate information
The Company was incorporated in the name of Jindal Capital Limited on
June 20,1994.The Company was engaged in trading and investments in
shares and other securities;providing loans & advances and other
related activities.
2 Prior Year Comparatives
The previous year''s figures are regrouped, rearranged, or recast
wherever necessary to conform to this year''s classification.
3 Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
Based on the information available with the Company, the balance due to
micro and small enterprises as defined under the MSMED Act, 2006 is Rs.
Nil (Previous year Rs. Nil) and no interest has been paid or is payable
under the terms of the MSMED Act, 2006
4 Related party transactions
Key Management Personnel (KMP):-
Pawan Jindal - Sarita Agarwal
Relatives of KMP''s:-
Shray Jindal (son of Director)
Enterprises owned or significantly influenced by KMP or their Relatives
PKJ securities Private limited
Mar 31, 2013
1 Corporate information
The Company was incorporated in the name of Jindal Capital Limited on
June 20,1994.The Company was engaged in trading and investments in
shares and other securities providing loans & advances and other
related activities.
2 Prior Year Comparatives
The previous year''s figures are regrouped, rearranged, or recast
wherever necessary to conform to this year''s classification.
3 Disclosures required under Section 22 of the Micro, Small and Medium
Enterprises Development Act, 2006
Based on the information available with the Company, the balance due to
micro and small enterprises as defined under the MSMED Act, 2006 is Rs.
Nil (Previous year Rs. Nil) and no interest has been paid or is payable
under the terms of the MSMED Act, 2006
4 Related party transactions
Key Management Personnel (KMP)
- Pawan Jindal
- Sarita Agarwal
Enterprises owned or significantly influenced by KMP or their Relatives
- PKJ securities Private limited
Mar 31, 2012
1 Corporate information
The Company was incorporated in the name of Jindal Capital Limited on
June 20,1994.The Company was engaged in trading and investments in
shares and other securities; providing loans & advances and other
related activities. During the year the company was amalgamated with
Scan Services Private limited.This scheme of amalgamation was approved
by Hon'ble Delhi High Court and is operative with effect from April
1,2011.
2 Scheme of Amalgamation
Amalgamation of Scan Services Pvt Ltd (the Transferor Company) with
Jindal Capital Ltd (the Transferee Company) in terms of the Scheme of
Amalgamation framed under sections 391 and 394 of the Companies Act,
1956, was approved by the Hon'ble High Court of Delhi at New Delhi vide
its order dated 1st December, 2011.
II. The Salient features of the Scheme of Amalgamation are as follows:
a) All assets and liabilities including Income Tax and all other
statutory liabilities, if any, of the Transferor Company will be
transferred to and vest in the Transferee Company with effect from the
Appointed Date- 1st April, 2011.
b) All the employees of the Transferor Company in service on the
Effective Date, if any, shall become the employees of the Transferee
Company on and from such date without any break or interruption in
service and upon terms and conditions not less favorable than those
subsisting in the Transferor Company on the said date.
c) The Appointed Date for Amalgamation is 1st day of April, 2011.
The Transferee Company will issue and allot 2 (two) Equity Shares of
Rs. 10 each of the Transferee Company, credited as fully paid up, for
every 5 (five) Equity Shares of Rs. 2 each held in the Transferor
Company.
Any fraction of share arising out of the aforesaid share exchange
process, if any, will be rounded off to nearest whole number.
III. Prior to the amalgamation, the Transferor Company was engaged in
trading and investments in shares and other securities; providing loan
& advances and other related activities.
IV. In terms of the Scheme of Amalgamation, as approved by the Hon'ble
Delhi High Court, the amalgamation is operative with effect from the
Appointed Date-lst April, 2011. Hence, it has been given effect to in
the present audited accounts for the year ended 31st March, 2012.
Accordingly, the present audited accounts of the Transferee Company
consists of financial figures of the Transferee Company for the year of
the Transferor Company for the year ended 31st March, 2012-
V. In terms of the Scheme, the Transferee Company will issue and allot
40,00,000 Equity Shares of Rs. 10 each to the members of the Transferor
Company, in exchange of 100% share capital of the Transferor Company
after the cancellation of cross holding, if any.
VI. The Scheme of Amalgamation has been accounted for under the Pooling
of Interests Method as prescribed under the Accounting Standard-14
(AS-14). Accordingly, all the assets, liabilities and reserves of the
Transferor Company have been recorded in the Company's books at their
existing carrying amounts and in the same form. Inter- company
balances, if any, has been cancelled. The following accounting
treatment has been given to some of the amalgamation issues:
b) Surplus/deficit arising out of Amalgamation being the difference
between the paid up value of the Equity Shares of the Transferor
Company and paid up value of new Equity Shares to be issued by the
Transferee Company has been adjusted in combined Reserves and Surplus
of the Transferee Company and the resultant figure is debited to
Goodwill account as per the following:
3 Prior Year Comparatives
Revised Schedule VI to the Companies Act,1956 has been introduced by
MCA vide Notification No. 50447(E) dated 28/02/2011. The New Schedule
becomes effective for Balance Sheet and Statement of Profit and Loss to
be prepared for the financial year commencing on or after
1/04/201l.Therefore the previous year's figures are regrouped,
rearranged, or recast wherever necessary to conform to this year's
classification.
Since the Scheme of Amalgamation has been given effect to in the
current year accounts as explained in Note No 3, the current year
figures are not comparable with the previous year figures.
4 Disclosures required under Section 22 of the Micro. Small and Medium
Enterprises Development Act, 2006
Based on the information available with the Company, the balance due to
micro and small enterprises as defined under the MSMED Act. 2006 is Rs.
Nil (Previous year Rs. Nil) and no interest has been paid or is payable
under the terms of the MSMED Act, 2006
Mar 31, 2010
1. Particulars of company wise investments including investments held
as stock-in-trade are disclosed. As per the legal advice obtained, the
company is an investment company in terms of the proviso to section 372
(10) of the companies Act, 1956. Accordingly, particulars of only
those investments, which exist on the date of the Balance Sheet, have
been disclosed.
2. The Company has debited Rs. 14,516/- to profit & loss account
towards Deferred Tax Liability for the current year ended 31.03.2010 in
compliance with the- Accounting Standard relating to "Accounting for
taxes on income -AS-22 issued by the Institute of Chartered Accountants
of India made mandatory w.e.f 01.04.2001.
3. Related Party Disclosures
Key Management Personnel:
Mr. Pawan Jindal (Director)
Mrs. Santa Aggarwal (Director)
Enterprises owned or significantly influenced by key, management
personnel or their relatives.
Related Enterprises;
PKJ Securities Pvt. Ltd. Scan Services Pvt. Ltd. PKJ Fabrics Pvt.
Ltd.
4. The figures for the previous period have been regrouped, wherever
necessary, to make them comparable with those of the current year.
5. Additional information pursuant to Schedule VI Part-II of the
Companies Act, 1956