Notes to Accounts of Thacker & Company Ltd.

Mar 31, 2017

b) Deferred tax for timing differences between tax profits and book profits is accounted by using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date. Deferred tax assets in respect of unabsorbed Losses are recognized to the extent there is reasonable certainty that these assets can be realized in future.

1) Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management)

1) Related Party

1. Subsidiary Company:

a. Fujisan Technologies Ltd.

2. Associate Companies:

(!) Chem Mach Pvt. Ltd.

(ii) Suma Commercial Pvt. Ltd.

(iii) Pudumjee Pulp & Paper Mills ltd.

(iv) Pudumjee Industries Ltd.

(v) Pudumjee Hygiene Product Ltd.

(vi) Pudumjee Plant Laboratories Ltd.

(vii)Pudumjee Paper Products Limiled

2. Partnership Firms:

(i) KAIROS Investments

3. Key Management Personnel:

(i) Arun K Jatia

(ii) Vrinda Jatia

4) F Disclosure of Segment wise Revenue, Results and Capital Employed:--

a) Segment wise Revenue, Results and Capital Employed.

b) The Company operates in three segments i.e. Investment and Finance, Business Centre and Trading Business the summary of which is as under:

5) Previous year''s figures have been regrouped or recast in order to make them comparable with current year''s figures.

6) The Company held 100% of the paid up Equity capital of Rs. 10,00,000 in Fujisan Technologies Limited {FTL), a subsidiary of this Company as on 31st March, 2017 which is the financial year end of both the Companies.

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Mar 31, 2015

1) Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management).

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Mar 31, 2014

1 Contingent Liabilities not Provided for in respect of :

31.03.2014 31.03.2013 (Rs in ''000) (Rs in ''000)

a) Income Tax demands under dispute 7111.03 7111.03

22 Payments made to auditors : 31.03.2014 31.03.2013 (Rs in ''000) (Rs in ''000)

Audit Fees 95.51 84.27

Taxation matters 39.33 30.90

Other matters 33.71 25.28

TOTAL 168.45 140.45

2 Earning in foreign exchange Net Foreign Exchange Gain/(loss) (Rs 31.77) (P.Y.Rs NIL) due to fluctuation

3 Expenditure in foreign currency Import Rs 640.09 (P.Y.Rs NIL)

4 Earning Per Share : 31.03.2014 31.03.2013 (Rs in ''000) (Rs in ''000)

Net Profit after tax available for Equity 4162.36 (820.05) shareholders

Weighted average number of Equity shares of a 5/- each 157.53 157.53

Basic / Diluted Earnings Per Share (a) 26.42 (5.21)

5 Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management)

Related Party A) Subsidiary Company

a. Fujisan Technologies Ltd.

(B) Associate Companies

a. Apposite Trading Pvt. Ltd.

b. Chem Mach Pvt. Ltd.

c. Cheerful Commercial Pvt. Ltd.

d. Gelid Commercial Pvt. Ltd.

e. Winterpark Investment & Finance Pvt. Ltd.

f. Suma Commercial Pvt. Ltd.

g. Ubiquitous Trading Pvt. Ltd.

h. Pudumjee Pulp & Paper Mills ltd.

i. Pudumjee Industries Limited

j. Pudumjee Plant Laboratories Limited

These Companies ceased to be Associate Companies w.e.f. 01.10.2013.

(C) Partnership Firms

a. Suma & Sons

b. Prime Developers

c. KAIROS Investments

This partnership firm has ben dissolved on 31.05.2013.

(D) Key Management Personnel

a. Arun K Jatia

b. Vandana Jatia [Upto 08.10.2013]

c. Vasudha Jatia [w.e.f. on 31.10.2013]

d. Vrinda Jatia [w.e.f. on 31.10.2013]

27 Disclosure of Segmentwise Revenue, Results and Capital Employed:

a) Segmentwise Revenue, Results and Capital Employed.

b) The Company operates in three segments i.e. Investment and Finance, Business Centre and Trading Business the summary of which is as under:

STATEMENT PURSUANT TO SECTION 212 (1) (e) OF THE COMPANIES ACT, 1956

1. The Company held 100% of the paid up Equity capital of 0 1,000 Thousands in Fujisan Technologies Limited,(FTL) a subsidiary of this Company as on 31st March, 2014 which is the financial year end of both the Companies.

2. No part of the net Profit of 0 3339.85 Thousands for the current financial year ended 31st March, 2014 and no part of net Profit of 0 1040.50 Thousands for the previous financial year of Fujisan Technologies Limited(FTL), since it became a subsidiary of this Company, been dealt with in the Company''s accounts for the year ended 31st March, 2014.

6 Notes to the Balance Sheet of a non-deposit taking non-banking financial Company (as required in terms of Paragraph 13 of Non-Banking Financial (non-deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

Note: In respect of unquoted Investments cost price has been considered in absence of break up/ fair value/ NAV and impact thereof is unascertainable.

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Mar 31, 2013

1 Contingent Liabilities not Provided for in respect of : 31/03/2013 31/03/2012 ( R in ''000) (R in ''000)

Income Tax demands under dispute 7111.03 NIL

2 Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management)

Related Party

A) Subsidiary Company

(i) Fujisan Technologies Ltd.

(B) Associate Companies

(i) Apposite Trading Pvt. Ltd.

(ii) Chem Mach Pvt. Ltd.

(iii) Cheerful Commercial Pvt. Ltd.

(iv) Geild Commercial Pvt. Ltd.

(v) Winterpark Investment & Finance Pvt. Ltd.

(vi) Suma Commercial Pvt. Ltd.

(vii) Ubiquitous Trading Pvt. Ltd.

(viii) Pudumjee Pulp & Paper Mills Ltd.

(ix) Pudumjee Industries Limited

(x) Pudumjee Plant Laboratories Limited

(C) Partnership Firms

(i) Suma & Sons (ii) Prime Developers

(D) Key Management Personnel

(i) Mrs. Vandana Jatia

(E) Relatives of Key Management Personnel (i) Mr. Shyam M. Jatia

(iii) Mr. A. K. Jatia

3 Disclosure of Segmentwise Revenue, Results and Capital Employed: a) Segmentwise Revenue, Results and Capital Employed.

4 Previous year''s figures have been regrouped or recast in order to make them comparable with current year''s figures.

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Mar 31, 2012

The company has since the inception of Accounting Standard 22 on Accounting for Taxes on Income, recognized the deferred tax expense, which arises primarily from depreciation on tangible fixed assets.

1.1 Contingent Liabilities not Provided for in respect of :

31/03/2012 31/03/2011 (Rs. in'000) (Rs. in'000)

a) Income Tax demands under dispute NIL 1198.52

1.2 Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Disclosure (as identified by the management)

1) Related Party

A) Subsidiary Company

(i) Fujisan Technologies Ltd.

(B) Associate Companies

(i) Apposite Trading Pvt. Ltd.

(ii) Chem Mach Pvt. Ltd.

(iii) Cheerful Commercial Pvt. Ltd.

(iv) Geild Commercial Pvt. Ltd.

(v) Winterpark Investment & Finance Pvt. Ltd.

(vi) Suma Commercial Pvt. Ltd.

(vii) Ubiquitous Trading Pvt. Ltd.

(viii) Pudumjee Pulp & Paper Mills Ltd.

(ix) Pudumjee Industries Limited

(x) Pudumjee Plant Laboratories Limited

(C) Partnership Firms

(i) Suma & Sons

(ii) Prime Developers

(D) Key Management Personnel

(i) Mrs. Vandana Jatia

(E) Relatives of Key Management Personnel

(i) Mr. M. P. Jatia

(ii) Mr. Shyam M. Jatia

(iii) Mr. A. K. Jatia

1.3 Disclosure of Segment wise Revenue, Results and Capital Employed:

a) Segment wise Revenue, Results and Capital Employed.

b) The Company operates in three segments i.e. Investment and Finance, Business Centre and Trading Business the summary of which is as under:

1.4 Previous year's figures have been regrouped or recast in order to make them comparable with current year's figures.

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Mar 31, 2011

1) Contingent Liabilities not Provided for in respect of:

31/03/2011 31/03/2010

a) Income Tax demands under dispute 1198517 3542991

b) Letter of credit issued by the bank NIL NIL

2 Licensed Capacity/Installed Capacity - N.A.

3 Deferred tax :

Deferred tax has been provided at the end of the year in accordance with Accounting Standard 22 - Accounting for Taxes on income issued by the Institute of Chartered Accountants of India.

4 On the basis of information available with the company regarding the status of suppliers as defined under the “Micro Small & Medium Enterprises Act 2006”, there are no suppliers covered under the above mentioned act and hence the question of provision or payment of interest and related disclosure under the said act does not arise.

5 Market value of Quoted Investment as on 31st March, 2011 is Rs. 200.15 Lacs (Previous Year Rs. 189.83 Lacs)

6) Figures have been rounded off to nearest rupee.

7 Previous year's figures have been regrouped or recast in order to make them comparable with current year's figures.

8 Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management)

a) Related Party

(A) Subsidiary Company:

(i) Fujisan Technologies Ltd.

(B) Associate Companies:

(i) Apposite Trading Pvt. Ltd.

(ii) Chem Mach Pvt. Ltd.

(iii) Cheerful Commercial Pvt. Ltd.

(iv) Gelid Commercial Pvt. Ltd

(v) Winterpark Investment & Finance Pvt. Ltd.

(vi) Suma Commercial Pvt. Ltd.

(vii) Ubiquitous Trading Pvt. Ltd.

(viii) Pudumjee Pulp & Paper Mills ltd.

(ix) Pudumjee Industries Limited

(x) Pudumjee Plant Laboratories Limited

(C) Partnership Firms

(i) Suma & Sons

(ii) Prime Developers

(D) Key Management Personnel:

(i) Mrs. Vandana Jatia

(E) Relatives of Key Management Personnel:

(i) Mr. M. P. Jatia

(ii) Mr. Shyam M. Jatia

(iii) Mr. A. K. Jatia

9 Disclosure of Segmentwise Revenue, Results and Capital Employed:

a) Segmentwise Revenue, Results and Capital Employed.

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Mar 31, 2010

1) Contingent Liabilities not Provided for In respect of:

31/03/2010 31/03/2009

a) Income Tax demands under dispute 3542991 3407728

b) Letter of credit issued by the bank NIL NIL

2) Licensed Capacity/Installed Capacity - N.A.

3) Earning in Foreign Exchange:

FOB Value of exports Rs. NIL (Previous Year Rs. NIL)

4) Deferred tax :

a) Deferred tax has been provided at the end of the year in accordance with Accounting Standard 22 - Accounting for Taxes on income issued by the Institute of Chartered Accountants of India.

5) On the basis of information available with the company regarding the status of suppliers as defined under the "Micro small & medium Enterprises Act 2006" there are no suppliers covered under the above mentioned act & hence the question of provision or payment of interest and related disclosure under the said act does not arise.

6) Market value of Quoted Investment as on 31st March, 2010 is Rs. 189.83 Lacs (Previous Year Rs. 0.60 Lacs)

7) Figures have been rounded off to nearest rupee.

8) Previous years figures have been regrouped or recast in order to make them comparable with current years figures.

9) Disclosure of Related Party transactions as required by para 23 of Accounting Standard 18 issued by ICAI Related Party Disclosure (as identified by the management)

a) Related Party

(A) Subsidiary Company :

(i) Fujisan Technologies Ltd.

(B) Associate Companies :

(i) Apposite Trading Pvt. Ltd.

(ii) Chem Mach Pvt. Ltd.

(iii) Cheerful Commercial Pvt. Ltd.

(iv) Gelid Commercial Pvt. Ltd

(v) Winterpark Investment & Finance Pvt. Ltd.

(vi) Suma Commercial Pvt. Ltd.

(vii) Ubiquitous Trading Pvt. Ltd.

(viii) Pudumjee Pulp & Paper Mills Ltd.

(C) Partnership Firms

(i) Suma & Sons

(ii) Prime Developers

(D) Key Management Personnel:

(i) Mrs. Vandana Jatia

(E) Relatives of Key Management Personnel:

(i) Mr. M. P. Jatia

(ii) Mr. Shyam M. Jatia

(iii) Mr. A. K. Jatia

10) Disclosure of Segmentwise Revenue, Results and Capital Employed:

a) Segmentwise Revenue, Results and Capital Employed.