| 1. Terms/ rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs. 10 per share. All these shares have the same rights and preferences
with respect to payment of dividend, repayment of capital and voting.
The Bonus or dividend shall be distributed amount the members in
proportion to the amounts paid or credited as paid on the shares held
by the members.
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 capital paid up or which ought to have been
Paid Up at the commencement of the winding up oh the shares held by the
share holders.
2. CONTINGENT LIABILITIES AND COMMITMENTS
A) CONTINGENT LIABILITIES
a) Claims against the company not acknowledged
as debts NIL (Prev. Year Rs.NIL)
b) Guarantees not provided for NIL (Prev. Year Rs.NIL)
c) Other money for which the company
is contingently liable NIL (Prev. Year Rs.NIL)
B) COMMITMENTS:-
a) Estimated amount of contracts
remaining to be
Executed on capital account
and not provided for NIL (Prev. Year Rs. NIL)
b) Uncalled Liability on shares and
other investments partly paid up NIL (Prev. Year Rs. NIL)
3. In the opinion of the board and to the best of its knowledge and
belief, the value on realization of Currents Assets, Loans & Advances in
the ordinary course of business would not be less than the amount at
which they are stated in the Balance Sheet.
4. Balances in the accounts of Sundry Creditors, Sundry Debtors &
Loans and Advances are subject to confirmation.
5. Under the Micro, Small and Medium Enterprises Development Act.
Which came into force on October 2, 2006, certain disclosures are
required to be made relating to Micro, Small and Medium Enterprises.
The Company is in the process of compiling relevant information from
its suppliers about there coverage under the Act. Since the relevant
information is not readily available, no disclosures have been made in
the accounts.
6. Previous year figures have been re-grouped and re-arranged
wherever considered necessary.
7. The company has not accounted for the interest receivable on
advances of Rs. 12.00 lacs in view of disputed and irrecoverable nature
of loans and consequential remote possibility of recovery as on date.
The same shall be accounted for as and when realized or the possibility
of recovery improves.
8. In view of uncertainty of sufficient future taxable income,
deferred tax asset (assets) has/have not been created on unabsorbed
depreciation/carried forward of Business losses under Income Tax Law.
There are no deferred tax liabilities as at 31/03/2015.
9. The Cash Flow Statement has been prepared under the indirect
method set out in AS-3 issued by the institute of Chartered Accountants
of India.
10. There are no amounts due for payment to the Investor Education &
Protection Fund Under section 125 of The Companies Act, 2013 at the
Year end.
11, Related Party Disclosure:
i. Key Management Personnel
Mr. Ashok Jaidka
Spouse: Smt. Asha Jaidka-Wife, Smt. Archna, Rajnee, Aarti & Anu
-Daughter Mr. Satish Jaidka
Spouse: Smt. Kiran Jaidka,- Wife, Mr. Vivek Jaidka-Son, Smt. Vandna-
Daughter Mr. Jagdish Jaidka
Spouse: Smt. Ritu Jaidka-Wife, Mr. Rohan Jaidka - Son, Smt. Divya -
Daughter
ii. Enterprises where KMPs and their relatives have significant
influence
Jaidka Woollen & Hosiery Mills Pvt. Ltd.
Jaidka Hosiery Factory (Regd.)
Shivam International Limited Jay International
12. The company is a single segment company engaged in the trading of
Textile and allied products, therefore the disclosure requirements of
Accounting Standard ( AS )- 17 on "Segment Reporting" is not applicable
to the Company.
13. The CSR Policy is not applicable to the Company as the criteria
specified in Sub-Section (1) of section 135 of the Company Act 2013
with regard to net worth/tumover or net profit is not fulfilled.
14. EMPLOYEES BENEFITS:
1. Contribution to provident fund and employee's state insurance are
not applicable to company.
2. The company does not have any liability towards retirement benefits
as on 31.03.2015. As such no disclosures are required under AS-15
issued by ICAI.
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