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Notes to Accounts of SJ Corporation Ltd.

Mar 31, 2015

1. The Board of Directors has recommended a Dividend of Rs.0.05 (5% of Paid-up Share Capital of the company) per equity share of face Value of Rs.1/- each for the year ended on 31st March, 2015. The dividend is subject to the approval of members of the company in perusing annual general meeting.

2. The company has only one reportable segment i.e. Studded Jewellery, therefore no separate information is being given under Accounting Standard - AS 17 "Segment Reporting.

3 . Leases:

The company has taken office premises on operating lease agreement. The lease agreement does not have an escalation clause and there are no subleases. This lease is cancellable and renewable by mutual consent on mutually agreed terms. There are no restrictions imposed by lease agreement. The aggregate lease rentals paid/payable are charges as "Rent" under Note 17 'Other Expenses'.

4. Figures have been rounded off to the nearest of a rupee.

5. Previous year's figures have been regrouped/reclassified to conform to current year's Classification.


Mar 31, 2014

1. The Board of Directors has recommended a Dividend of Rs.0.10 (10% of Paid-up Share Capital of the company) per equity share of face Value of Rs.1/- each for the year ended on 31st March, 2014. The dividend is subject to the approval of members of the company in perusing annual general meeting.

2. The company has only one reportable segment i.e. Studded Jewellery, therefore no separate information is being given under Accounting Standard - AS 17 "Segment Reporting".

3. Leases:

The company has taken office premises on operating lease agreement. The lease agreement does not have an escalation clause and there are no subleases. This lease is cancellable and renewable by mutual consent on mutually agreed terms. There are no restrictions imposed by lease agreement. The aggregate lease rentals paid/payable are charges as "Rent" under Note 17 ''Other Expenses''.

4. Figures have been rounded off to the nearest of a rupee.

5. Previous year''s figures have been regrouped/reclassified to conform to current year''s Classification.


Mar 31, 2013

1. There is no difference between taxable income and accounting income of the company on account of timing difference. Hence, deferred tax has not been provided for.

2. The Board of Directors has recommended a Dividend of Rs.0.10 (10% of Paid-up Share Capital of the company) per equity share of face Value of Rs.1/- each for the year ended on 31st March, 2013. The dividend is subject to the approval of members of the company in perusing annual general meeting.

3. The company has only one reportable segment i.e. Studded Jewellery, therefore no separate information is being given under Accounting Standard - AS 17 "Segment Reporting".

4 . Leases:

The company has taken office premises on operating lease agreement. The lease agreement does not have an escalation clause and there are no subleases. This lease is cancellable and renewable by mutual consent on mutually agreed terms. There are no restrictions imposed by lease agreement. The aggregate lease rentals paid/payable are charged as "Rent" under Note 17 ‘Other Expenses''.

5. Figures have been rounded off to the nearest of a rupee.

6. Previous year''s figures have been regrouped/reclassified to conform to current year''s Classification.


Mar 31, 2012

(a) Issue of Bonus Shares :

During the previous year ending March 31, 2011, the company had issued 60,00,000 fully paid bonus shares of Re.1/- each to the equity shareholders by capitalisation of capital reserve (Rs.2500/-) and surplus of profit/ loss account (Rs.59,97,500/-)

(b) Terms/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.

Note'1':

There is no difference between taxable income and accounting income of the company on account of timing difference. Hence, deferred tax has not been provided for.

Note '2': '

There were no amounts due to small scale and/or ancillary industrial supplier on account of principal and/or interest at the close of the year.

Note '3':

The Board of Directors has recommended a Dividend of Rs.0.10 (10% of Paid-up Share Capital of the company) per equity share of face Value of Rs.1/- each for the year ended on 31st March, 2012. The dividend is subject to the approval of members of the company in perusing annual general meeting.

Note '4':

Figures have been rounded off to the nearest of a rupee.

Note '5':

Previous year's figures have been regrouped/reclassified to conform to current year's Classification.

Note '6':

During the year ended 31st March, 2012, the company has prepared the financial statements as per the format prescribed by the Revised Schedule VI to the Companies Act,1956 issued by Ministry of Corporate Affairs. The company has also reclassified the previous year figures in accordance with requirement for the current period. In terms of our report of even date For & on behalf of Board of Directors.


Mar 31, 2011

1.There were no amounts due to small scale and/or ancillary industrial supplier on account of principal and/ or interest at the close of the year.

2.There is no difference between taxable income and accounting income of the company on account of timing difference. Hence, deferred tax has not been provided for.

3.Disclosures as required by Accounting Standard AS-18 "Related Parties Disclosure" issued by The Institute of Chartered Accountants of India are as follows :

1. Relationship

i. Key Management Personnel

Mr. Sanjay V. Patel

Mr. Deepak Upadhyay

Mr. Savji D. Patel

Mr. Rajesh Jesinglal Shah

Mr. Bhavik Prakash Patel

Persons having Significant Control

Mr. Savji D. Patel

Mrs. Usha S. Patel

4. Figures have been rounded off to the nearest of a rupee.

5. Previous year's figures have been regrouped/reclassified to conform to current year's Classification.


Mar 31, 2010

1.There were no amounts due to small scale and/or ancillary industrial supplier on account of principal and/ or interest at the close of the year.

2.There is no difference between taxable income and accounting income of the company on account of timing difference. Hence, deferred tax has not been provided for.

3.Disclosures as required by Accounting Standard AS-18 "Related Parties Disclosure" issued by The Institute of Chartered Accountants of India are as follows :

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

Key Management Personnel

Mr. Sanjay V. Patel

Mr. Deepak Upadhyay

Persons having Significant Control

Mr. Savji D. Patel

Mrs. Usha S. Patel

Details of Transactions

NIL

Note : Related party relationship is as identified by the company and relied upon by the Auditors.

 
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