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Notes to Accounts of Maa Jagdambe Tradelinks Ltd.

Mar 31, 2015

1. Corporate Information

Maa Jagdambe Tradelinks Ltd. ("the company") is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchange Ltd. The company is engaged in the trading activities.

2. Contingent Liabilities

Contingent Liabilities Nil Nil



3. Segment Reporting

The Company is engaged mainly in trading activities and as such there are no other reportable segment as defined by Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

4. Related Party Disclosures

List of Related Parties with whom transactions have taken place and Relationship:

(a) Key Management Personnel and Their Relatives

* Kailash Bhageria

* Pawan Kumar Choudhary

(b) Enterprises over which key management personnel are able to exercise significant influence: None

5. Previous year's figures have been regrouped or rearranged wherever found necessary to correspond with the current year's classification.


Mar 31, 2014

Note: 1 Contingent Liabilities

Contingent Liabilities Nil Nil

Note: 2 Segment Reporting

The Company is engaged mainly in trading activities and as such there are no other reportable segment as defined

Note: 3 Related Party Disclosures

List of Related Parties with whom transactions have taken place and Relationship: (A) Key Management Personnel and Their Relatives

- Hemant Parasrampuria

- Kailash Bhageria

- Pawan Kumar Choudhary

(B) Enterprises over which key management personnel are able to exercise significant influence - Parasrampuria Estate Developers Pvt Ltd - Parasrampuria Synthetics Limited

Note: 4

Previous year''s figures have been regrouped or rearranged wherever found necessary to correspond with the current year''s classification.


Mar 31, 2013

1. Corporate Information

Maa Jagdambe Trade links Ltd. (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchange Ltd. The company is engaged in the trading activities.

Note: 2 Contingent Liabilities

Uncalled Liability on partly paid up shares - 220,800

Note: 3 Segment Reporting

The Company is engaged mainly in trading activities and as such there are no other reportable segment as defined by Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

Note: 4 Related Party Disclosures

List of Related Parties with whom transactions have taken place and Relationship:

(A) Key Management Personnel Jaiprakash Joshi Kamlesh Mishra

(B) Enterprises over which key management personnel are able to exercise significant influence Parasrampuria Estate Developers Pvt Ltd Parasrampuria Synthetics Limited

Note: 5

Previous year''s figures have been regrouped or rearranged wherever found necessary to correspond with the current year''s classification.


Mar 31, 2011

1. The application of the Company for Registration as NBFC has been rejected by Reserve Bank of India and has also not complied with various conditions set out in rejection letter of RBI However, the Company has complied with Prudential Norms Guidelines prescribed bv RBI for NBFC.

2. Contingent liabilities:

i. Uncalled liability on partly paid shares Rs.220800/- (P.Y. Rs.220800/-)

ii. On account of non compliance Of certain fiscal statutes- Amount Unascertainable.

3. As per past practice, the Company has valued its closing stock of shares at cost. However, in terms of RBI guidelines applicable1 to NBFC, provisions for fall in the value of stock has been made.

4. Sundry Creditors for other includes Rs.11 Croses (Previous year Rs.11 croses)being amount received towards Optionally Convertible debentures Application Money.

5. The Company is engaged solely in investment activity segment and all activities of the; Company revolve around this business. As such there are no other reportable segment as defined by Accounting Standard T7- on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

6. Related Party Disclosures:

There were no transaction with related parties during the year.

7. As there is no virtual certainly of future taxable income against which deferred tax asset on account of brought forward losses can be realised, the same has not been recognised.

8. Information required under Para 3(ii)(b) of part ii of Schedule VI of the companies Act 1956 is a under:

9. Debit/ Credit Balances on whatsoever account are subject to confirmation.

10. Previous Year's figures have been grouped rearranged wherever necessary so as to confirm to the figures of the current year.

11. Other information required under Part I and Part II of schedule VI to the companies Act 1956 is either Nil or Not Applicable.


Mar 31, 2010

1. The application of the Company for Registration as NBFC has been rejected by Reserve Bank of India and has also not complied with various conditions as set out in rejection letter of RBL However, the Company has complied with the Prudential Norms Guidelines prescribed by RBI for NBFC.

2. Contingent Liabilities

i. Uncalled Liability on partly paid shares Rs.220800/- (P.Y.Rs.220800/-)

ii. On account of non compliance of certain fiscal statutes - Amount Unascertainable.

3. As per past practice, the Company has valued its closing stock of shares at cost. However, in terms of RBI guidelines applicable to NBFC, a provision for fall in the value of Stock has been made;

4. Sundry Creditors for Other includes Rs.11 Crores (Previous Year Rs.11 Crores) being amount received towards Optionally Convertible Debenture Application Money.

5. The Company is engaged solely in investment activity segment and all activities of the Company revolve around this business. As such there are no other reportable segment as defined by Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

6. Related Party Disclosures:

There were no transaction with related parties during the year.

7. As there is no virtual certainly of future taxable income against which deferred tax asset on account of brought forward losses can be realised, the same has not been recognised.

8. Provision for tax has not been made as there is no taxable income both under the normal provisions as well as under sec.115 JB of the IT Act, 1961.

9. Debit/Credit balances on whatsoever account are subject to confirmation.

10. Previous Year's figures have been regrouped, rearranged, wherever necessary so as to confirm to the figures of the current year.

11. Other information required under Part I and Part II of Schedule VI to the Companies Act, 1956 is either NIL or NOT APPLICABLE.

 
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