అకౌంట్స్ గమనికలుShamken Multifab Ltd.

Mar 31, 2018

1 CORPORATE INFORMATION

JAYBHARAT TEXTILES & REAL ESTATE LTD.is a Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956having its registered office at Vapi. The Company is engaged in the business of Manufacturing of Textile Goods.

**The Company has not booked interest on the long term and short term borrowing from the banks nor Have made any provision towards said interest cost, in the lights of the fact that substantial counter claim amount is pending for adjudication before hon’ble DRT.

**The Company contended that in the event of counter claim is admitted for which they are confident about, the said outstanding liabilities towards long term and short term borrowings would be extinguished and therefore, no provision or booking of interest on long term and short term borrowing is required.

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Mar 31, 2018

1 CORPORATE INFORMATION

JAYBHARAT TEXTILES & REAL ESTATE LTD.is a Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956having its registered office at Vapi. The Company is engaged in the business of Manufacturing of Textile Goods.

**The Company has not booked interest on the long term and short term borrowing from the banks nor Have made any provision towards said interest cost, in the lights of the fact that substantial counter claim amount is pending for adjudication before hon’ble DRT.

**The Company contended that in the event of counter claim is admitted for which they are confident about, the said outstanding liabilities towards long term and short term borrowings would be extinguished and therefore, no provision or booking of interest on long term and short term borrowing is required.

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Mar 31, 2016

(a) There is no payment overdue to small-scale industries.

(b) The balance of advances, debtors and creditors are confirmed by majority of parties and efforts are being made for obtaining confirmations from remaining parties

(c) CENVAT: Capital expenditure and raw materials have been taken at net value after adjusting cenvat, wherever applicable as per guidelines issued by The Institute of Chartered Accountants of India..

(e) The company has only one business segment that is "Textile" and hence Segment reporting as required underAS-17 issued by ICAI is not applicable.

(f) AS-18 Related Party Disclosure:

Related party disclosures as required by AS-18 "Related Party Disclosures" are given below. [Related parties are as identified by the Company and relied upon by the Auditors]:

A. List of Related Parties.

1. Parties where control exists: Nil

2. Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence; - Nil ii) Key Management Personnel: -

a. RAJIV KUMAR BHAIJINATH GUPTA- Managing Director iii) Relative of Key Management Personnel: - Nil

(g) In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business, the provisions for all known liabilities are adequate and not in excess than reasonably necessary.

(h) Payment of Audit Fees

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Mar 31, 2015

1 There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

2 Contingent Liabilities and Commitments (to the extent not provided for) : .

Particular As at As at 31st March 2015 31st March 2014

(i) Contingent Liabilities :

(a) Claims against the company not acknowledge 04.41 204.41 as debt

(b) Guarantees given by the Company

(c) Corporate Guarantee Given : [ In favour of Bank of India to secure Loan granted to Real Time Properties Limited

3 AS-18 Related Party Disclosure: Related party disclosures as Disclosures" are given below. required by AS-18 "Related Party relied upon by the Auditors]: [Related parties are as identified by the Company and

A. List of Related Parties.

1. Parties where control exists:

Name of the Party Relationship

PULGAON COTTON MILLS LTD. 100% Subsidiary company ASAHI INDUSRIES LIMITED Associate Company

4 Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence ; - Nil

ii) Key Management Personnel:- Rajiv Kumar Gupta- Managing Director

iii) Relative of Key Management Personnel: - Nil

5 Auditor's remuneration is including Service Tax and Other expenses The break up is as follows.

CURRENT YEAR PREVIOUS YEAR

(a) As Auditors 1.00 Lacs 1.00 Lacs

(b) In other Capacity ------- 0 -----------

6 The company has paid 6.00 Lacs remuneration to Managing Director. (Previous year 6.00 Lacs)

7 The balances of advances, debtors and creditors are confirmed by majority of the parties and efforts are being made for obtaining confirmations from remaining parties.

8 The company has only one business segment that is"Textiles" and hence segment reporting as required under AS-17 is not applicable issued by ICAI.

9 There are no parties which can be classified as small scale industries to whom the companies owes a sum exceeding Rs.1 lacs, which is outstanding for more than 30 days

10 Previous year figures have been rearranged and regrouped wherever necessary to conform to this year's classification.

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Mar 31, 2013

A. There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

b. Contingent Liabilities and Commitments (to the extent not provided for) :

(Rs. in crores)

Particular As at As at 31st March 2013 31st March 2012

(i) Contingent Liabilities :

(a) Claims against the company not acknowledge as debt

(b) Guarantees given by the Company 176.72 116.75

(c) Corporate Guarantee Given :

[In favour of Bank of India to secure Loan granted to Real Time Properties Limited]

c. AS-18 Related Party Disclosure: Related party disclosures as required by AS-18 "Related Party Disclosures" are given below. [Related parties are as identified by the Company and relied upon by the Auditors]:

d. Other parties with whom the company has entered into transaction during the year. i) Associates where key management personnel and their relatives have significant influence ; - Nil ii) Key Management Personnel:- Rajiv Chhavan - Managing Director iii) Relative of Key Management Personnel: - Nil

e. The company has paid 6.00 Lacs remuneration to Managing Director. (Previous year 6.00)

f. The balances of advances, debtors and creditors are confirmed by majority of theparties and efforts are being made for obtaining confirmations from remaining parties.

g. The company has only one business segment that is"Textiles" and hence segment reporting as required under AS-17 is not applicable issued by ICAI.

h. There are no parties which can be classified as small scale industries to whom thecompanies owes a sum exceeding Rs.1 lacs, which is outstanding for more than 30days.

i. During the year, the company had approached the Corporate Debt Restructuring (CDR) Cell for restructuring of the debts under the CDR mechanism. The company''s CDR proposal has been approved by the CDR Empowered Group and the company has given effect thereof in the books during the current financial year. As per the CDR scheme, 01st January, 2012 was fixed as cut-off date. Interest Payable from cut-off date up to 31.03.13 is converted into FITL at the rate approved by CDR.

j. Technology up gradation and Modernisation of plant and machinery:-

Old machines including Ring Frames, requiring huge capital expenditure towards repairs and maintenance consuming high power with low out put have been identified and shifted to workshop/godowns for appropriate action under the Technology up gradation and Modernisation Programme of plants and machineries, especially Spinning Machines. This was done to improve the efficiency of the units as per the recommendations of in house Expert Group.

k. Previous year figures have been rearranged and regrouped wherever necessary to conform to this year''s classification.

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Mar 31, 2012

A. There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

b. Contingent Liabilities and Commitments (to the extent not provided for) :

( in Lacs)

Particular As at 31st March, 2012 As at 31st March, 2011

(i) Contingent Liabilities :

(a) Claims against the company not acknowledge as debt

(b) Guarantees given by the Company 116.75 110.00

(c) Corporate Guarantee Given : Nil 6165.80 [ In favour of Bank of India to secure Loan granted to Real Time Properties Limited (100% Subsidiary of the company)]

c. The balances of advances, debtors and creditors are confirmed by majority of the parties and efforts are being made for obtaining confirmations from remaining parties. i The company has only one business segment that is "Textiles" and hence segment reporting as required under AS-17 is not applicable issued by ICAI .

d. There are no parties which can be classified as small scale industries to whom the companies owes a sum exceeding 1 lacs, which is outstanding for more than 30 days. k. Previous year figures have been rearranged and regrouped wherever necessary to conform to this year's classification.

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Mar 31, 2011

1. There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

2. Contingent liabilities not provided during the year ended on 31st March, 2011 in respect of Corporate Guarantee in favour of Bank of India to secure Loan of Rs. 61.65 crore (Previous year Rs.90 crore) granted to Real Time Properties Limited (100% Subsidiary of the company) Bank Guarantee issued on behalf of the company aggregating Rs.110.00 Lacs (Previous year Rs.116.90 lacs).

3 AS-18 Related Party Disclosure: Related party disclosures as required by AS-18 "Related Party Disclosures" are given below. [Related parties are as identified by the Company and relied upon by the Auditors]:

A. List of Related Parties.

1. Parties where control exists:

Name of the Party

PULGAON COTTON MILLS LTD.

REAL TIME PROPERTIES LTD

ASAHI INDUSTRIES LIMITED.

(FORMERLY KNOWN AS ASAHI FIBRES LIMITED)

Relationship

100% Subsidiary company 100% Subsidiary company Associate Company

4. Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence ; - Nil ii) Key Management Personnel:- Shri M.K.Aggarwal – Managing Director iii) Relative of Key Management Personnel: - Nil

6. The balances of advances, debtors and creditors are confirmed by majority of the parties and efforts are being made for obtaining confirmations from remaining parties.

7. The company has only one business segment that is"Textiles" and hence segment reporting as required under AS-17 is not applicable issued by ICAI.

8. There are no parties which can be classified as small scale industries to whom the companies Owes a sum exceeding Rs.1 lacs, which is outstanding for more than 30 days.

9. Earnings per Share: In accordance with the Accounting Standard-22 Earning per share issued by ICAI i. Net Profit available to Equity Shareholder(in Lacs) Rs. -311.27 ii. Weighted Average No. of Equity shares outstanding at the end of the year 382837500 iii. Basic and Diluted Earning per share of Rs. 2/- each Rs.-0.08

10. Previous year figures have been rearranged and regrouped wherever necessary to conform to this years classification.

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Mar 31, 2010

1. There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

2. Contingent liabilities not provided during the year ended on 31 March 2010 in respect of Corporate Guarantee in favour of Bank of India to secure Loan of Rs. 90 Crore (Previous year Rs. 90 crore) & Uco bank to secure Loan Rs. 100 Crores (Previous year 100 crore) granted to Real Time Properties Limited (100% Subsidiary of the Com- pany). Bank Guarantee issued on behalf of the Company aggregating Rs. 116.90 Lacs (Previous year Rs. 116.90 Lacs).

3. AS-18 Related Party Disclosure: Related party disclosures as required by AS-18 "Related Party Disclosures" are given below. [Related parties are as identified by the Company and relied upon by the Auditors]:

A. List of Related Parties.

1. Parties where control exists:

Name of the Party Relationship

PULGAON COTTON MILLS LTD. 100% Subsidiary company

REAL TIME PROPERTIES LTD. 100% Subsidiary company

ASAHI FIBRES LIMITED Associate Company

4. Other parties with whom the Company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence : Nil

ii) Key Management Personnel : M.K. Agarwal - Managing Director

iii) Relative of Key Management Personnel : Nil

5. The balance of advances, debtors and creditors are confirmed by majority of parties and efforts are being made for obtaining confirmation from remaining parties

6. The Company has two business segment namely "Textiles" and "Real Estate" hence segment reporting as re- quired under AS-17 issued by ICAI and made mandatory w.e.f. 1/04/2001 for certain business enterprises is applicable in case of company.

7. There are no parties which can be classified as small scale industries to whom the companies owes a sum exceeding Rs. 1 Lacs , which is outstanding for more than 30 days

8. Gratuity and Leave encashment is accounted for on cash basis as and when paid.

9. Earnings per Share: In accordance with the Accounting Standard-22 Earning per share issued by ICAI

i) Net Profit available to Equity Shareholder (in Lacs) Rs. 1921.42

ii) Weighted Average No. of Equity shares outstanding at the end of the year 382837500

iii) Basic and Diluted Earning per share of Rs. 2/- each Rs. 0.50

10. Previous year figures have been rearranged and regrouped wherever necessary to confirm to this years classifi- cation.

11. Balance sheet Abstract & companies general business profile as required by part IV schedule VI to the Compa- nies Act, 1956 is enclosed in Annexure A.

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Mar 31, 2009

1. There are no contracts remaining to be executed on Capital account therefore no advance is to be paid against such contracts.

2. Contingent liabilities not provided during the year ended on 31 March, 2009 in respect of Corporate Guarantee in favour of Bank of India to secure Loan of Rs. 90 crore (Previous year Rs.Nil) & Uco bank to secure Loan Rs.100 Crores (Previous year Nil) granted to Real Time Properties Limited (100% Subsidiary of the company).Bank Guarantee issued on behalf of the company aggregating Rs.116.90 Lacs ( Previous year Rs.Nil).

3. AS-18 Related Party Disclosure: Related party disclosures as required by AS-18 "Related Party Disclosures" are given below; [Related parties are as identified by the Company and relied upon by the Auditors]:

A. List of Related Parties.

1. Parties where control exists :

Name of the Party Relationship

PULGAON COTTON MILLS LTD. 100% Subsidiary company

REAL TIME PROPERTIES LTD 100% Subsidiary company

ASAHI FIBRES LIMITED Associate Company

4. Other parties with whom the company has entered into transaction during the year.

i) Associates where key management personnel and their relatives have significant influence : - Nil ii) Key Management Personnel :- M.K.Agarwal - Managing Director iii) Relative of Key Management Personnel : - Nil

5. The balance of advances, debtors and creditors are confirmed by majority of parties and efforts are being made for obtaining confirmation from remaining parties.

6. The company has two business segment namely "Textiles" and "Real Estate" hence segment reporting as required under AS-17 issued by ICAI and made mandatory w.e.f. 1 / 04 / 2001 for certain business enterprises is applicable in case of company.

7. There are no parties which can be classified as small scale industries to whom the companies owes a sum exceeding Rs. 1 Lacs , which is outstanding for more than 30 days.

8. Gratuity and Leave encashment is accounted for on cash basis as and when paid.

9. Previous year figures have been rearranged and regrouped wherever necessary to confirm to this years classification.

10. Balance sheet Abstract & companies general business profile as required by part IV schedule VI to the Companies Act, 1956 is enclosed in Annexure A .