Mar 31, 2015
1. Other Notes
(A) Dues to SMEs:
There are no dues to Micro and Small Enterprises, that are reportable
under the Micro, Small and Medium Enterprises Development Act, 2006.
(B) Related Party Disclosure:
1. Relationship:
Key Management Personnel
a. Mr. Kuldeep Kumar Sethia, Managing Director
b. Ms. Varsha Khandelwal, Company Secretary and Compliance Officer
(C) The main business of the Company is Trading of Merchandise and
Commission Agency. This is in context of Accounting Standard -17 on
segment reporting notified by the Company(Accounting Standard) Rules
2006, is considered to constitute a single primary segment.
(D) At each Balance Sheet date an assessment is made whether any
indication exists that an asset has been impaired. If any such
indication exists, an impairment loss i.e. the amount by which the
carrying amount of an asset exceeds its recoverable amount is provided
in the books of account.
(E) The figures have been rounded off to nearest rupee.
(F) The figures of previous year have been regrouped / recast wherever
considered necessary to make them comparable with those of current
year.
(G) Disclosure u/s 186(4) of the Companies Act, 2013 regarding Loans
given, Investment made or Guarantees given or Securities provided :
Notes :
(i) All loans given to unrelated corporate entities/others at an
interest ranging from 9% to 12%.
(ii) All loans are short term in nature.
(iii) All the loans are provided for business purpose of respective
entities, repayable on demand with prepayment option to the borrower.
2. Investment made
There are no investments by the Company other than those stated under
Note No. 6 in the Financial Statements.
3. Guarantees Given
There are no guarantees given during the year.
4. Securities Provided
There are no guarantees given during the year.
Mar 31, 2014
A) Rights, preferences and restrictions attached to shares :
The Company has issued one class of equity shares having a face value
of Rs. 10 per share. Each shareholder has right to vote in respect of
such share, on every resolution placed before the Company and his
voting right on a poll shall be in proportion to his share of the
paid-up equity capital of the Company. In the event of liquidation, the
equity shareholders are entitled to receive the remaining assets of the
Company after payments to secured and unsecured creditors, in
proportion to their shareholding.
b) No shares are reserved for issue under options and contracts/
commitments for the sale of shares/disinvestment.
c) During the immediately preceeding five years to current year as well
as previous year. The Company has :
not allotted any shares without payment being received in cash ;
not allotted any shares as bonus shares;
not bought back any shares.
1. (A) Dues to SMEs :
There are no dues to Micro and Small Enterprises, that are reportable
under the Micro, Small and Medium Enterprises Development Act, 2006.
(B) Related Party Disclosure :
a) Related Parties as per AS-18
Associates : Jain Commodity Broking Pvt. Ltd.
Key Management Personnel: Kuldeep Kumar Sethia
(b) Segment Reporting :
The main business of the Company is Trading in Fabrics, Commission
Agent and Investment and accordingly there are no separate reportable
segment as per accounting standard -17.
(c) The Company has elected to publish quarterly financial results
which were reviewed by the statutory auditors.
(d) During the year, the Company has not discontinued any of its
operations.
(e) The figures have been rounded off to nearest rupee.
(f) The figures of previous year have been regrouped / recast whereever
considered necessary to make them comparable with those of current
year.
Mar 31, 2013
A) Rights, preferences and restrictions attached to shares:
The Company has issued one class of equity shares having a face value
of Rs. 10 per share. Each shareholder has right to vote in respect of
such share, on every resolution placed before the Company and his
voting right on a poll shall be in proportion to his share of the
paid-up equity capital of the Company. In the event of liquidation, the
equity shareholders are entitled to receive the remaining assets of the
Company after payments to secured and unsecured creditors, in
proportion to their shareholding.
No shares are reserved for issue under options and contracts/
commitments for the sale of shares/disinvestment.
b) During the immediately preceeding five years to current year as well
as previous year. The Company has : not allotted any shares without
payment being received in cash;
not allotted any shares as bonus shares;
not bought back any shares.
(C) Segment Reporting:
The main business of the Company is Trading in Fabrics, Commission
Agent and Investment and accordingly there are no separate reportable
segment as per Accounting Standard -17.
(D) The Company has raised its equity share capital by issue of 9759930
equity shares of Rs.10/- each at a premium of Rs.15/- per share
amounting to Rs.24,39,98,250/- in terms of SEBI (ICDR) Regulations,
2009 after taking all the requisite approvals as required. The Company
has received Final Listing Approval from the U.P.Stock Exchange Ltd.
for the fresh equity shares issued.
(E) There has been no events occurred after the Balance Sheet date
having financial effect on Financial Statement.
(F) There has been no foreign exchange transaction or operation
conducted by the company.
(G) There are no contingencies existing at the Balance Sheet date.
(H) The Company has elected to publish quarterly financial results
which were subject to limited review by the statutory auditors.
(I) During the year, the Company has not discontinued any of its
operations.
(J) At each Balance Sheet date an assessment is made whether any
indication exists that an asset has been impaired. If any such
indication exists, an impairment loss i.e. the amount by which the
carrying amount of an asset exceeds its recoverable amount is provided
in the books of account.
(K) The figures have been rounded off to nearest rupee.
(L) The figures of previous year have been regrouped / recast whereever
considered necessary to make them comparable with those of current
year.
Mar 31, 2012
1 Rights, preferences and restrictions attached to shares:
The Company has issued one class of equity shares having a face value
of Rs. 10 per share. Each shareholder has right to vote in respect of
such share, on every resolution placed before the Company and his
voting right on a poll shall be in proportion to his share of the
paid-up equity capital of the Company. In the event of liquidation, the
equity shareholders are entitled to receive the remaininq assets of the
Company after payments to secured and unsecured creditors, in
proportion to their shareholding.
2 None of the shareholders held 5% or more as on 31/03/2012 as well as
on 31/03/2011.
3 No shares are reserved for issue under options and contracts/
commitments for the sale of shares/disinvestment.
4 During the immediately preceeding five years to current year as well
as previous year. The Company has:
not allotted any shares without payment being received in cash ;
not allotted any shares as bonus shares;
not bought back any shares .
5 Segment Reporting
The main business of the Company is trading in fabrics and commission
agency and accordingly there are no separate reportable segment as per
Accounting Standard -17
6 Other Notes
a. There has been no events occurring after the Balance Sheet date
having any material effect on Financial Statements
b. The has been no foreign exchange transaction or operation conducted
by the company
c. There are no contingencies existing at the Balance Sheet date.
d. The Company has elected to publish quarterly financial results
which were subject to limited review by the statutory auditors.
e. During the year, the Company has not discontinued any of its
operations.
f. At each Balance Sheet date an assessment is made whether any
indication exists that an asset has been impaired. If any such
indication exists, an impairment loss i.e. the amount by which the
carrying amount of an asset exceeds its recoverable amount is provided
in the books of account.
g. The figures have been rounded off to nearest rupee.
h. The Company has prepared current year''s account as per presentation
and disclosure requirement of Revised Schedule VI of the Companies Act,
1956 applicable with effect from 1st April, 2011. Previous year''s
figure has been reclassified/regrouped to conform current year figures.