JAGAT TRADING ENTERPRISES LIMITED · To regularize, appointm ent of Smt. Swagata Das (DIN:06913656)...

JAGAT TRADING ENTERPRISES LIMITED32nd ANNUAL REPORT 2014-2015

CIN: L74999DL1982PLC014411

BOARD OF DIRECTORS

SHRI CHANDER BHAN GUPTA SHRI PRAVEEN KUMAR GOEL SHRI VIKAS JALAN SMT. SWAGATA DAS

STATUTORY AUDITORS

CHATURVEDI & PARTNERS Chartered Accountants NEW-DELHI

BANKERS

1. IDBI BANK, K G Marg, New Delhi2. HDFC Bank, Karampura, New Delhi

REGISTERED OFFICE208, MAGNUM HOUSE II, KARAMPURA COMMUNITY CENTRE, NEW-DELHI 110-015Email: [email protected]

REGISTRAR & SHARE TRANSFER AGENTSkyline Financial Services Private Limited1st Floor, D-153, Okhla Industrial Area,Phase - 1, New Delhi 110020Tel: 011-26812682-83, Fax: +911126812682www.skylinerta.com

CONTENTSNOTICEDIRECTOR'S REPORTSSECRETRIAL COMPLIANCE CERTIFICATESAUDITORS REPORTSBALANCE SHEETPROFIT & LOSS ACCOUNTSCHEDULESCash FlowPROXY FORMPOSTAL BALLOT (In lieu of E-Voting)

mailto:[email protected]

http://www.skylinerta.com

JAGAT TRADING ENTERPRISES LIMITEDREGISTERED OFFICE: 208, MAGNUM HOUSE II, KARAMPURA COMMUNITY CENTRE,

NEW DELHI-110015 CIN:L74999DL1982PLC014411

N O T I C E

NOTICE is hereby given that the 32nd ANNUAL GENERAL MEETING of the Members of M/s. JAGAT TRADING ENTERPRISES LIMITED will be held on Tuesday, the 15th September 2015 at 11.00 AM at the Registered Office of the Company at 208, Magnum House II, Karampura Community Centre, New Delhi 110-015, to transact the following business:

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Financial Statement of the Company for the Financial Year ended 31sl March 2015 together with Report of the Director's & Auditor's thereon.

2. To appoint a Director in p lace of Shri Vikas Jalan (DIN No: 01714220), who retires by rotation at the ensuing Annual general Meeting and being eligible offers him-self for reappointment as such.

3. To ratify the appointment o ' Statutory Auditors and fix their remuneration.

"RESOLVED THAT appointment of M/s. Chaturved i & Partners, Chartered A ccoun tan ts (Registration No. 307068E), be are hereby ratified as Auditors of the Com pany, to hold o ffice from the conc lus ion of this Annual Genera l Meeting till the conclusion of the next Annual G enera l M eeting of the Com pany at such rem uneration as shall be fixed by the Board of Directors of the Com pany"

SPECIAL BUSINESS

4. To regularize, appo in tm ent of Smt. Sw agata Das (DIN:06913656) as a Lady D irector and to consider and if thought fit, to pass with or w ithout m od ifica tion (s) the fo llow ing Resolution as an "O RD IN ARY RESOLUTION’’

“ RESOLVED That pursuant to section 149 read with Section 161 of the Com pan ies Act, 2013, Smt. Swagata Das having (DIN 06913656, who was ap po in ted as an add itiona l D irector on 15th Septem ber 2014, be and is appo in ted as a wom en D irector of the Com pany, liab le to retire by rotation.”

REGISTERED OFFICE:208, Magnum House - II, Karampura Community Centre, New Delhi - 110-015

Place: New Delhi. Dated: 30,h M ay 2015

For J^rder of the Board HtADING ENTERPRISES LTD

-hander Bhan Gupta Director

(DIN No: 00058863)

NOT E S :

A Member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his instead of himself. A proxy of him / herself need not be a member of the Company. Proxy in order to be effective must be received by the Company not less than 48 Hours before the commencement of the meeting. Proxies submitted on behalf of Pvt. / Limited Companies, Societies, etc. must be supported by appropriate resolution / authority, as applicable.

A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not more than 10% of the total Share Capital of the Company carrying voting rights. A member holding more than 10% of the total share capital of the Company carrying Voting rights may appoint a single person as proxy and such person shall not act as a proxy for any other person or shareholder.

The Explanatory Statement pursuant to Section 102 (1), of the Companies Act 2013, in respect of Item No's 4, is annexed hereto of Special Business.

The Register of Members and Share Transfer Book of the Company will remain closed from Friday the 11 ̂ September 2015 to Tuesday the 151,1 September 2015 (both days inclusive) in terms of Section 91 of the Companies Act, 2013.

Members are requested to bring their copies of the Annual Report to the meeting.

The Company have appointed Registrar and share Transfer Agent to M/s. Skyline Financial Services Pvt. Ltd, D-l 53A, 1 s,Floor, Okhla Industrial Area, Phase-1, New Delhi 110020, www.skvlinerta.com

7. Shares holders should inform the Company of any change in their registered address. Bank details, PAN and e-mail ID's. The members can send their email address quoting their folio no and name to [email protected] for registration, to receiving all communication from the company electronically.

http://www.skvlinerta.com


The Notice of the AGM along with the Annual Report 2014-15 is being sent by electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories, unless any Member has requested for a physical copy of the same. For Members who la not registered their e-mail addresses, physical copies are being sent by the permitted mode.

The Board of Director has appointed Mr. D P Gupta of SGS Associates (Company Secretaries Firm) 1st Floor, 14, Rani Jhansi Road, New Delhi 110015 as Scrutinizer for conducting the Postal Ballot process, Scrutinizer will submit the final report not later than 72 Hours after the close of the meeting (AGM).

Explanatory statement pursuant to section 102(1) of the Companies Act, 2013

Item No: 4

The Board of Director of the Company appointed pursuant to Section 161 (1) of the Companies Act, 2013 and in compliance to Clause 49(11) (A) of the Listing Agreement and further in compliance of second provision to Section 149( 1) of the Companies Act, 2013 and SEBI Circular and the Article of association of the Company Smt. Swagata Das (having DIN No: (06913656) as an additional Women Director of the Company w.e.f. 15,h September 2014. In terms of the Provision of section 161 (1) of the Act Smt. Swagata Das holds office only upto the date of AGM of the Company

Pursuant to Section 152 of the Companies Act, 2013 and the Article of Association of the Company and all other relevant provision and the Listing Agreement, Board of Director of the Company proposed the name of Smt. Swagata Das as Women Director of the Company liable to retire by rotation.

The Board of Directors recommends the Resolution set out in item no. 4 for the approval of the Shareholders as an Ordinary Resolution

None of the Directors except Smt. Swagata Das (whose interest is only to the extent of appointment as Director), CFO, KMP, Manager or their relatives if any, have interested or concerned financially or otherwise in the said resolution.

REGISTERED OFFICE:208, Magnum House - II,Karampura Community Centre,New Delhi -110-015Email: [email protected]

Place: New Delhi Dated: 30* May 2015

By Order of the Board

For JAGAT TRADING ENTERPRISES LTD

(DIN No: 00058863)


JAGAT TRADING ENTERPRISES LIMITEDREGISTERED OFFICE: 208, MAGNUM HOUSE II, KARAMPURA COMMUNITY CENTRE,

NEW - DELHI - 110015 CIN: L74999DL1982PLC014411, Email: [email protected]

DIRECTOR’S REPORT

To,

Dears Members,

Yours Directors have pleasure in presenting their 32nd ANNUAL REPORT on the Business and Operation of the Company together with Audited Statement of Accounts for the financial year ended 31st March 2015.

Your Company was exclusively listed on Delhi Stock Exchange (DSE). We come to know that SEBI vide its order Dated 19.11.2014 has de-recognised the Delhi Stock Exchange (DSE) and consequently the Listing Agreement between DSE and the Company is treated to be terminated.

Further SEBI vide its circular No: CIR/MRD/DSA/18/2014 dated 22.05.2014 under para V stated that:

“The Exclusively listed Companies, which fail to obtain Listing on any other Stock Exchange, which do not voluntary De-list or which are not considered as “Vanishing Companies”, will Cease to be Listed Company and will be moved to the dissemination board by the existing Stock Exchange. It shall be the responsibility of the exchange which are being derecognised either on voluntary or on compulsory basis., to place their exclusively listed companies on the Dissemination board” {Emphasis supplied}.

In view of the above facts, your company has decided to comply with the requirements of the listing agreement till the final decision of the authority / regulator to delist the Company as per the provision of the Companies Act, 2013.

FINANCIAL RESULT

The working result under review of your Company, the company has earned a Profit of Rs 76,42,532/- after providing Depreciation of Rs. 63,504/. The provision for I Tax / MAT for the current year is Rs. 14,84,492/-, as against the Loss of Rs 27,07,655/- in the last financial year.

The Company has made the Trading of Shares and Debentures of various companies during the year. The market values of the some scripts are below the cost price and on account of this the closing stock has been valued lower by Rs. 9,34,088/- against the cost price.

STATE OF COMPANY’S AFFAIRS

Your Company main business is to deal in Finance, Investment and Sale & Purchase of Securities. With the prevailing market conditions, your directors hope to improve the profitability in the coming year.

DIVIDEND

Yours Directors do not re-commanded any dividend for the year under review on the Equity Share Capital of the Company,

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no unclaimed dividend.

SUBSIDIARY / JOINT VENTURE / ASSOCIATES COMPANIES

The Company does not have any Subsidiaries / Joint Venture / Associates Companies during the year under consideration.


DIRECTOR’S RESPONSIBILITY STATEMENT

Pursuant to provision of section 134(5) of the Companies Act, 2013, the Directors state that-

A. In the preparation of the Annual Accounts for the year ended 31st March, 2015, the applicable accounting standards have been followed alongwith proper explanations.

B. Appropriate Accounting Policies have been applied consistently. Judgment and estimates, which are reasonable and prudent, have been made so as to give a true and fair view of state of affairs of the company as at the end of the financial year and of the profit of the company for the period:

C. Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 and applicable provision Companies Act, 2013, for safe guarding the assets of the Company and for preventing and detecting fraud and other irregularities.

D. The Annual Accounts for the year ended 31st March, 2015 have been prepared on a going concern basis and

E. The Internal Financial control as laid down have been be followed by the Company and such internal financial controls are adequate and were operating effectively.

F. The proper systems devised by the Board of Directors of the Company to ensure Compliance with the provision of all applicable laws and that such systems were adequate and operating effectively.

CONTARCTS AND ARRANGEMENTS WITH RELATED PARTIES

There was no contract arrangement made during the year, hence your company do not attract Provision of Section 188 sub section 1 of the Companies Act, 2013. Accordingly Form No AOC -2 annexed to the Director Report as Annexure I

DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions of Section 135 of the Companies Act, 2013 are not applicable.

DIRECTORS AND KEY MANAGERAL PERSONNEL

The Board consist of non-executive directors including independent directors who have wide experience in different disciplines of corporate functioning. Shri Vikas Jalan (DIN No: 01714220), the Director of the Company, will retire at the Annual General Meeting by rotation and, being eligible offers himself for re-appointment.

Mrs Swagata Das ((06913656) was appointed as additional Director of the Company w.e.f. 15.09.2014, her terms of the office expires at the conclusion of ensuing AGM. Your Directors wish to appoint her as regular Director to be liable to retire by rotation.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Act and Clause 49 of the Listing Agreement with the Stock Exchanges.

The Company has devised a policy for performance evaluation of Independent Directors, Board Committees and other Individual Director which includes criteria for performance evaluation of the Directors, Independent Directors and Non Executives Directors.

The Company does not pay any remuneration to any Director except the seating fees for the Board Meeting attended by them.

STATEMENT OF DECLARATION(S) BY INDEPENDENT DIRECTOR UNDER SCTION 149(6)

The Board of Director of your Company state that all the Independent Directors meets the criteria of independence as provided in Section 149(6) of the Companies Act, 2013

AUDITORS AND AUDITORS REPORT

M/s. Chaturvedi & Partners, Chartered Accountants New Delhi (Firm Registration No: 307068E), appointed in the last AGM for a period of 3 years i.e. upto the conclusion of the 34th AGM of the Company. In accordance with the Provision of Section 141 of the Companies Act, 2013, the Shareholders of the Company have to ratify their appointment upto the conclusion of next Annual General Meeting. Yours Directors therefore recommended to- confirm their ratification for appointment as same.

The Company has received a letter from M/s M/s. Chaturvedi & Partners, Chartered Accountants, New Delhi (Firm Registration No: 307068E) to the effect that their reappointment, if made, would be in accordance with the condition prescribed under Section 139(2) of the Companies Act, 2013 and they are not disqualified for such reappointment within the meaning of Section 141 of the Act.

The Notes on Financial Statements referred to in the Auditors' Report are self-explanatory and do not call for any further comments, and report does not contain any reservation, qualification or adverse remark.

SECRETARIAL AUDITOR

The Board has appointed Mir. D P Gupta of M/s. SGS Associates Practicing Company Secretary, to conduct Secretarial Audit for the financial year 2014-15. The Secretarial Audit Report for the financial year ended March 31, 2015 is annexed herewith mcrked as Annexure II to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

AUDIT COMMITTEE

The Audit committee of the Company comprises Independent Directors namely Shri Vikas Jalan (Chairman), Shri P K Goel and Shri C B Gupta as other members, All recommendation made by them duly accepted by the Board during the financial year ended as on 31st March, 2015

BOARD MEETING CONDUCTED DURING THE YEAR UNDER REVIEW

The Company had 6 (Six) Board meeting during the financial year under review, on dated 30.05.2014,14.08.2014, 15.09.2014, 13.11.2014, 14.02.2015 and 31.03.2015 in respect of the meeting proper notice were given and the proceeding were properly recorded.

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE GUARANTEE GIVEN AND SECURITY PROVIDED

Your Company is a NBFC, duly registered with Reserve Bank of India, hence of Section 186, sub section 4 of the Companies Act, 2013 read with Rule 11 of the Companies (meeting of Board and its Power) are not attracted to your Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO

The provisions of Section 134(m) of the Companies Act, 2013 do not apply to our Company. There was no foreign exchange inflow or Outflow during the year under review

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

No material changes and commitments affecting the financial position of the Company occurred between the ends of the financial year to which this financial statement relate on the date of this report

STATEMENT RELATING TO RISK MANAGEMENT POLICY

The Board has developed and implemented a risk management policy identify and then manage threats that could severely impact or being down the organisation, identifying potential threats to the organisation and the likelihood of their occurrence and then taking appropriate actions to address the most likely threats.

DEPOSITS

The Company has not accepted deposits from the Public / Fixed Deposits from the Public in accordance with the Directions issued by the Reserve Bank of India and provisions of section 73 to 76 of the Companies Act, 2013 and the rules framed there under.

NON-BANKING FINANCIAL COMPANIES PRUDENTIAL NORMS (RESERVE BANK) DIRECTIONS, 2007 (NBFC REGULATIONS).

In terms of paragraph 13 of the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, the particulars as applicable to the company are appended to the Statement of Accounts

EXTRACT OF ANNUAL RETURN

Extract of Annual Return of the Company is annexed herewith as Annexure III to this Report.

The Company has not entered into any transaction with the Promoters, Directors, or Management, their subsidiaries (if any) or relative that may have potential conflict with the interest of the Company at large, and your Director further state that during the year under review, there were no cases / complaint filed during the financial year 2014-2015 pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

SHARESa. BUY BACK OF SECURITIESThe Company has not bought back any of its securities during the year under review.b. SWEAT EQUITYThe Company has not issued any Sweat Equity Shares during the year under review.c. BONUS SHARESNo Bonus Shares were issued during the year under review.d. EMPLOYEES STOCK OPTION PLANThe Company has not provided any Stock Option Scheme to the employees.e. NEW ISSUEThere is no further issue of capital during the year under review.

INTERNAL FINANCIAL CONTROL

The Company has an adequate system of internal control in place. It has documented policies and procedure covering all financial and operating functions. These controls have been designed to provide a reasonable assurance with regards to maintaining of proper accounting control for ensuring reliability of financial reporting, monitoring of operation and protecting assets from unauthorised use or losses, compliance with regulation. The Company has continued its efforts to align all its processes and control with global best practices.

DETAILS OF MATERIAL ORDER PASSED BY COURT / TRIBUNAL / REGULATORS

No material order passed by any Court / Tribunal / Regulators in favour or against the Company during the year under review.

ACKNOWLEDGEMENT

Your Board take this opportunity to offer their sincere thanks to the Company's Bankers, Central and State Government Authority, Legal Advisers, Consultants and others all Business Associates Customers for their valuable assistance and continued support to the Companies. Your Directors also wish to place on records their sincere appreciation of dedicated efforts by the staff and employees of the Company.

DISCLOSURE

For and on behalf of the Board of Director

Place: New DelhiDated: 30th May 2015 (DIN No: 00058863)

Director (DIN No: 00021153)

Annexure I

JAGAT TRADING ENTERPRISES LIMITED

Form AOC-2

(Pursuant to Clause (H) of Sub-Section (3) of Section 134 of the Act and Rule 8(2) of theCompanies (Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/ arrangements entered into by the company with related parties referred to sub-section (1) of section 188 of the Companies Act, 2013 including certain arms and length transactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arm's length basis

(a) Name(s) of the related party and nature of relationship: N.A.

(b) Nature of contracts/ arrangements / transactions: N.A.

(c) Duration of contracts/arrangements / transactions: N.A.

(d) Salient terms of contracts/ arrangements / transactions including the value, if any: N.A.

(e) Justification for entering into such contracts or arrangements or transactions: N.A.

(f) Date(s) of approval by the Board: N.A.

(g) Amount paid as advances, if any: N.A.

(h) Date on which the special resolution was passed in General Meeting as required under first provisoto section 188: N.A.

2. Details of material contracts or arrangements or transactions at arm's length basis

(a) Name(s) of the related party and nature of relationship: N.A.

(b) Nature of contracts/ arrangements / transactions: N.A.

(c) Duration of contracts/ arrangements / transactions: N.A.

(d) Salient terms of contracts/ arrangements / transactions including the value, if any: N.A.

(e) Date(s) of approval by the Board: N.A.

(f) Amount paid as advances, if any: N.A .

S G S A s s o c i a t e s F I R S T F L O O R , 14, RA N I J H A N S I ROA D,

N E W D E L H I - 1 1 0 055 T EL . : 4 1 5 2 4 4 9 7 , 4 2 4 0 4 3 2 6E - ma i l : s g s d e l @ g m a i l . c o m

W e b s i t e : w w w . d p g u p t a - c o m p a n y s e c r e t a r y . c o mC o m p a n y S e c r e t a r i e s

Form No. MR-3 SECRETARIAL AUDIT REPORT

[Pursuant to section 204(1) o f the Companies Act, 2013 and rule No. 9 o f the Companies (Appointment and Remuneration Personnel) Rules, 2014]

THE MEMBERSJAGAT TRADING ENTERPRISES LIMITED208-MAGNUM HOUSE II KARAMPURA COMMUNITY CENTRE NEW DELHI-110015

I have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by M/S JAGAT TRADING ENTERPRISES LIMITED (hereinafter called the company). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.

Based on our verification of the company's books, papers, minute books, forms and returns filed and other records maintained by the company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, I hereby report that in my opinion, the company has, during the audit period covering the financial year ended on 31st March 2015 ("audit period")complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance- mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on 31st March 2015 according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made there under;

(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;

(iii) The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;

(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment, Overseas Direct Investment

TO


http://www.dpgupta-companysecretary.com

and External commercial Borrowings; (Not applicable to the Company during the Audit Period)

(v) The Following regulations and guidelines prescribed under the Securities and Exchange Board o f India Act, 1992.

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,2011

(b) The Securities and Exchange Board of India (Prohibition of Insider Trading ) Regulations, 1992

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations ,2009 (Not applicable to the Company during the Audit Period);

(d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 (Not applicable to the Company during the Audit Period)

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;(Not applicable to the Company during the Audit Period)

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations,2009 (Not applicable to the Company during the Audit Period);and

(h) The Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998 (Not applicable to the Company during the Audit Period).

We have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by The Institute of Company Secretaries of India (Not notified hence not applicable to the Company during the audit period).

(ii) The Listing Agreements entered into by the Company with Stock Exchanges.

During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc.mentioned above.

The Company was exclusively listed on Delhi Stock Exchange. We came to know that SEBI vide its order dated 19.11.2014 has de-recognized Delhi Stock Exchange (DSE) and consequently the listing agreement between DSE and the company is treated to be terminated.

Further SEBI vide its circular no. CIR/MRD/DSA/18/2014 dates 22.05.2014 under para V stated that“the exclusively listed companies, which fail to obtain listing on any other stock exchange, which do not voluntary delist or which are not considered as “vanishing companies”, will cease to be listed company and will listed company and will be moved to the dissemination board by the existing stock exchange .It shall be the responsibility of the exchanges which are being derecognized either on voluntary or compulsory basis, to place their exclusively listed companies on the dissemination board’'

In view of the above facts ,company’s present status may be as an unlisted company and accordingly company has decided to voluntarily comply with the listing agreement since its termination and start maintaining its status as unlisted company as per provision of the Companies Act.2013

We further report that The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition ofthe Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance.and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

All decisions at Board Meetings and Committee Meetings are carried out unanimously as recorded in the minutes of the meetings of the Board of Directors or Committee of the Board, as the case may be.

We further report that there are adequate systems and processes in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

For SGS ASSOCIATES

D.P.Date: 30'" May.2015 Place: - New Delhi

M.No. FCS 2411COP No. 1509

ANNEXURE III TO DIRECTOR REPORT

ANNUAL RETURNForm No. MGT-9

EXTRACT OF ANNUAL RETURNas on the financial year ended on March 31, 2015

(Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETA LS

i) CIN: L74999DL1982PLC014411

ii) Registration Date: 29-09-1982

iii) Name of the Company: Jagat Trading Enterprises Limited

iv Category / Sub-Category cf the Company Public Company / Limited by shares: Public Limited Company

v) Address of the registered office and contact details: 208, Magnum House II, Karampura Community Centre,New Delhi 110015, Ph.: 011-25920162, www.jtel.co.in Email: [email protected]

vi) Whether listed company Yes / No: YES, But SEBI vide its order dated 19.11.2014 hasDe-recognised the Delhi Stock Exchange (DSE)

vii) Name, Address and Contact details of Registrar and Transfer Agent, if any: m /s. Skyline Financial Services Pvt. Ltd, D-153A,1Jt Floor, Okhla Industrial Area, Phase-1,New Delhi 110020, Ph: 011-26812682 www.skvlinerta.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY Trading In Shares & Securities (NBFC)All the business activities contributing 10% or more of the total turnover of the company Investments and Finance

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: NIL

IV. SHARE HOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS PERCENTAGE OF TOTAL EQUITY)

i) Category-wise Share Holding: As per Attachmentii) Shareholding of Promoters: Niliii) Change in Promoters’ Shareholding: Niliv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs andv) Shareholding of Directors and Key Managerial Personnel: NIL

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due for payment: NIL

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager; NILB. Remuneration to other directors: NILC. Remuneration to Key Managerial Personnel other than MD/MANAGER/WTD: Surya Kant Gupta (KMP) Salary as per I Tax

Act, 1961 of Rs 1,16,575/- PM excluding Bonus

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL

http://www.jtel.co.in


http://www.skvlinerta.com

Attachment AIV. Share Holding Pattern ( Equity Share Capital Breakup as % ol Total Equity) i) Category Wise Share HoldingCategorycode

CATEGORY OF SHARE HOLDERS No. ol Shares held at the beginning of the Year (As on 01 -04-2014)

No. of Shares held at the end of the year (As on 31-03-2015)

% of change during the Year

Demat Physical Total % of total shares

Demat Physical Total % of total shares

A( 1 )

Promoter and Promoters Group Indian

( a ) Individuals / HUF 0.00% - 0.00% 0.00%(b ) Central Government / State Governments - - - 0.00% 0.00% 0.00%( c ) Bodies Corporate 0.00% 0.00% 0.00%(d ) Financial Institutions / Banks - 0.00% 0.00% 0.00%( e ) Any Other (specify) - 0.00% - 0.00% 0.00%

Sub Total (A)(1) - - 0.00% 0.00% 0.00%2 Foreign

( a ) Individuals (Non Resident Individuals/Foreign Individuals 0.00% 0.00% 0.00%(b ) Bodies Corporate - - 0.00% 0.00% 0.00%( c ) Institutions - - 0.00% * 0.00% 0.00%(d ) Any Other (specify) 0.00% - 0.00% 0.00%

Sub Total (A) (2) - 0.00% - 0.00% 0.00%

Total Shareholding of Promoter and Promoter Gr. (A) * A(l) ♦ A (2) . . . 0.00% . 0.00% 0.00%

( B )(1 )

Public Share Holding Institutions

( a ) Mutual Fund / UTI - - 0.00% 0.00% 0.00%(b ) Financial Institutions / Banks 0.00% 0.00% 0.00%( c ) Central Government / State Governments - - 0.00% - - 0.00% 0.00%(d ) Venture Capital Fund 0.00% 0.00% 0.00%( e ) Insurance Companies 0.00% - - 0.00% 0.00%(« ) Foreign Institutional Investor • 0.00% - 0.00% 0.00%(g ) Foreign Venture Capital Investor • - 0.00% - - 0.00% 0.00%(h ) Any Other (specify) • - 0.00% - 0.00% 0.00%

Sub Total (B ) (1) - • - - - -( 2 ) Non - Institutions( a ) Bodies Corporate - 23.900 23,900 2.40% - 23.900 23,900 2.40% 0.00%(b ) Individuals:-

1: Individual Shareholders holding nominal shore capital upto Rs 1.00 Lakh . 3.78.300 3,78.300 37.9/% . 3.78,300 3.78.300 37.97% 0.00%

ii: Individual Shareholders holding nominal share capital in excess of Rs 1.00 Lakh . . . 0.00% . . 0.00% 0.00%

( c ) Any Other (specify)i. Trust - 5.94.000 5.94.000 59.63% * 5.94.000 5.94.000 59.63% 0.00%ii. Depository A/c 200 - 200 0.00% 200 200 0.00% 0.00%Sub Total ( B ) (2) 200 9,96.200 9.96,400 100.00% 200 9.96.200 9,96.400 100.00% 0.00%

Total Public Shareholding (8) ■ (B)(1)+(B)(2) 200 9,96.200 9,96,400 100.00% 200 9.96,200 9.96.400 100.00% 0.00%

Total (A) ♦ (B) 200 9,96.200 9.96.400 100.00% 200 9.96.200 9.96,400 100.00% 0.00%( C ) Share Held by the Custodians and against which

Depositorey Receipts have been issued0.00% " • - 0.00% 0.00%

Total (A) ♦ (B) ♦ ( C ) 200 9.96,200 9.96.400 100.00% 200 9.96.200 9.96.400 100.00% 0.00%

Attachment BIV. Share Holding Pattern ( Equity Share Capital Breakup as % of Total Equity)

iv) Shareholding Pattern of top ten Shareholders (other than Directors. Promoters and Holders of GDRs and ADRs

SI.No. Name

Shareholding Date Increase / Decrease in

Share Holding

Reason Share Holding As on 31.03.2015as on 01.04.2014

No of % of the Shares No of % of the SharesShares of the Company During the Year Shares of the Company

1 H P Rathi (Trustee) 5.94.000 59.615% - - 5,94,000 59.615%2 Amarvati Exim Pvt Ltd 19,610 1.968% - - - 19,610 1.968%3 Sunita Goyal 10,000 1.004% - - 10.000 1.004%4 Subodh Goyal 10.000 1.004% - - - 10,000 1.004%5 Ragani Goyal 10,000 1.004% - - - 10,000 1.004%6 Manju Singhal 10,000 1.004% - - - 10.000 1.004%7 Tripti Goyal 10,000 1.004% - - 10.000 1.004%8 Kartik Goyal 5,000 0.502% - - - 5.000 0.502%9 Santosh Rani 5,000 0.502% - - 5.000 0.502%10 Satish Singhal 5,000 0.502% - - 5,000 0.502%

Total 6,78,610 68.106% - - 6.78,610 68.108%

CHATURVEDI & PARTNERSChartered Accountants

212A, Chiranjiv Tower, 43 Nehru Place, New Delhi-110019 Phone : 011-46654665 Fax : 011-46654655

Email: [email protected]

INDEPENDENT AUDITORS' REPORT

The Members ofJAGAT TRADING ENTERPRISES LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of JAGAT TRADING ENTERPRISES LIMITED ("the Company"), which comprise the Balance sheet as at March 31, 2015, the Statement of profit

and loss, cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation and presentation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively fcr ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.


Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2015 and its loss and its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by theCentral Government of India in terms of sub-section (11) of section 143 of the Act, we give inthe Annexure a statement on the matters specified in the paragraph 3 and 4 of the Order.

2. As required by section 143 (3) of the Act, we report that:

a. we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

b. in our opinion, proper books of account as required by law have been kept by the Company so far as appears from our examination of those books and proper returns adequate for the purpose of our audit have been received from the branches not visited by us.

c. the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in agreement with the books of account and with the returns received from the branches not visited by us.

d. In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

e. on the basis of the written representations received from the directors as on March 31, 2015 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2015 from being appointed as a director in terms of Section 164 (2) of the Act; and

f. in our opinion and to the best of our information and according to the explanation given to us, we report as under with respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the companies (Audit and Auditors) Rules, 2014:

i. the company does not have any pending litigations which would impact its financial position.

ii. the Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For CHATURVEDI & PARTNERS

ANNEXURE REFERRED IN INDEPENDENT AUDITORS REPORT OF EVEN DATE

The Annexure referred to in our Independent Auditors' Report to the members of the Company on the standalone financial statements for the year ended March 31, 2015, we report that:

i. a. The Company has maintained proper records showing full particulars includingquantitative details and situation of fixed assets.

b. A major portion of the fixed assets has been physically verified by the managementduring the year pursuant to a programme for physical verification of fixed assets, which in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. According to the information and explanations given to us, no material discrepancies were noticed on such verification.

ii. a. The inventories (Shares and Securities) have been physically verified during the yearby the management. In our opinion, the frequency of verification is reasonable.

b. The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business.

c. The Company is maintaining proper records of inventory. No discrepancy was noticed on verification between the physical stocks and the book records..

iii. According to the information and explanations given to us, the Company has not granted any loan, secured or unsecured, to companies, firms or other parties covered in the register maintained under Section 189 of the Companies Act, 2013. Accordingly the clause iii (a) and (b) of paragraph 3 of the Order are not applicable to the Company.

iv. In our opinion and according to the information and explanations given to us, there exists an adequate internal control system commensurate with the size of the Company and the nature of its business with regard to purchases of shares and securities, fixed assets and with regard to the sale of shares and securities. During the course of our audit, we have neither observed nor have been informed of any continuing failure to correct major weaknesses in internal control system of the Company.

v. According to the information and explanations given to us, the Company has not accepted any deposit as per the directives issued by the Reserve Bank of India and the provisions of sections 73 to 76 or any other relevant provisions of the Companies Act 2013 and the rules framed there under. No order against the Company has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal.

vi. The Company is dealing in shares and securities; hence, the maintenance of cost records under Sub Section (1) of Section 148 of the Companies Act, 2013 is not applicable to the company.

vii. a. The Company is regular in depositing undisputed statutory dues including providentfund, employee state insurance, income tax, sales tax, service tax, excise duty, value added tax, cess and other statutory dues, as applicable with the appropriate authorities

b. According to the information and explanation given to us, there were no disputed amounts payable in respect of income tax, sales tax, service tax, duty of customs, value added tax or cess as at March 31, 2015.

c. According to the information and explanations given to us, no amounts were required to be transferred to Investor Education and Protection Fund in accordance with the relevant provisions of the Companies act,1956 (1 of 1956) and rules made thereunder. Accordingly the clause vii (c) of paragraph 3 of the Order are not applicable to the Company.

viii. The Company does not have accumulated losses at the end of financial year March 31, 2015. The company has not incurred cash losses in the current financial year but incurred cash loss in the immediately preceding financial year.

ix. In our opinion and according to the information and explanations given to us, the Company has not taken any loan from financial institution or bank. The Company has not issued any debentures. Accordingly the clause ix of paragraph 3 of the Order are not applicable to the Company.

x. According to the information and explanations given to us, the Company has not given any guarantee for loans taken by others from bank or financial institutions. Accordingly the clause x of paragraph 3 of the Order are not applicable to the Company.

xi. ‘ In our opinion and according to the information and explanations given to us, theCompany has not taken any loan from financial institution or bank. Accordingly the clause xi of paragraph 3 of the Order are not applicable to the Company.

xii. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the Company has been noticed or reported during the course of our audit.

For CHATURVEDI & PARTNERSChartered Accountants Firm Registray<^n^o.307068E

/ARIAPartnerMembership No.500819

New Delhi May 30, 2015

✓

JAGAT TRADING ENTERPRISES LIMITEDCIN - L74999DL1982PLC014411

BALANCE SHEET AS AT MARCH 31, 2015

PARTICULARSN ote

RefrenceAS AT

MARCH 31, 2015AS AT

MARCH 31, 2014? ?

I EQUITY AND LIABILITIES

Shareholder's Funds(a) Share capital 3 9,964,000 9,964,000(b) Reserves and surplus 4 95,680,863 102,851,394

Non-Current Liabilities(a) Long term provisions 5 897,327 732,885

Current Liabilities(b) Trade payables 6 36,515 43,644(c) Other current liabilities 7 4,150 4,050

106,582,855 113,595,973

II ASSETS

Non-current assets(a) Fixed assets

(i) Tangible assets 8 29,959,809 30,023,315(b) Deferred tax assets (net) 9 257,728 223,765(c) Long term loans and advances 10 5,465,576 17,666,338

Current assets(a) Current investments 11 6,606,251 13,158,832(b) Inventories 12 4,379,063 12,049,719(c) Cash and cash equivalents 13 1,087,330 1,801,143(d) Short-term loans and advances 14 57,582,386 37,339,530(e) Other Current Assets 15 1,244,712 1,333,331

106,582,855 113,595,973

Significant Accounting Policies & Notes forming

integral part of the Financial Statements 1-31

As per our report of even date attached

For CHATURVEDI& PARTNERSChartered Accountants Firm RegistratiQrt"fao.307068E

For and on behalf of the Board of Directors

ANUJ MAHANSARIAPartner

Membership No. 500819

Place: New Delhi Dated: 30.05.2015

C B GuptaDirector

DIN: 00058863

P K GoelDirector

DIN: 00021153


STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2015

PARTICULARS NoteRefrence

Year Ended March 31, 2015


INCOMERevenue from operations 16 25,778,475 9,018,141Other Income 17 12,000 688,800

Total Revenue 25,790,475 9,706,941

EXPENSESPurchase of Stock-in-Trade 1,435,517 1,661,681Changes in inventories of Stock-in-Trade 18 7,670,658 2,082,701Employee benefits expenses 19 3,439,449 2,916,319Finance costs 20 - -

Depreciation and amortization expense 8 63,504 65,819Other expenses 21 5,538,816 5,688,076

18,147,943 12,414,596

Profit/(Loss) before exceptional and extraordinary - 7,642,532 (2,707,655)items and tax

Exceptional Items - -

Profit/(Loss) before extraordinary items and tax 7,642,532 (2,707,655)

Extraordinary Items -

Profit/(Loss) before Tax 7,642,532 (2,707,655)

Tax expensesa. Current Tax 1,484,492 136,275b. Deferred Tax (33,963) (26,365)c. MAT credit written off 13,362,534P ro fit/(Loss) fo r the year (7,170,531) (2,817,565)

Earning per Equity Share of face value of Rs. 10/-each Basic and Diluted (Rupees) 22 (7.20) (2.83)

Significant Accounting Po lic ies & Notes forming integralpart of the Financial Statements 1-31

As per our report of even date attachedFor and on behalf of the Board of Directors

For CHATURVEDI& PARTNERSChartered Accountants

JAGAT TRADING ENTERPRISES LIMITED CIN - L74999DL1982PLC014411

CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2015


CASH FLOWS FROM OPERATING ACTIVITIES Profit for the year before TaxationAdjustments forDividend IncomeProfit on Sale of InvestmentsProfit on Sale of Fixed Assets (Land)Depreciation Provision written back

Operating profit before Working Capital changes

(Increase)/Decrease in Current Assets/Acvances (Increase)/Decrease in Inventories Increase/(Decrease) in Current liabilities/provisions Cash generated from Operations Activities Taxes PaidNet cash provided by Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Fixed Assets (Purchase)/Sale of Investments Sale of Fixed AssetsDecrease /(Increase) in Short Term Investment (net) Invested with body corporate Dividend Received Interest ReceivedNet cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

7,642,532

(14,574)

63,504

(20,154,237)7,670,656

157,413

48,930

6,552,581

14,574

7,691,461

-12,326,168(4,634,707)-2,646,264

(7,280,971)

(267,796)(887,553)(656,800)

65,819(20,000)

27,452,0282,082,701

95,850

6,567,1556,567,155

(29,806,930)

12,011,468(7,726,906)

267,796


(2,707,656)

(1,766,330)

-4,473,986

29,630,57925,156,593

1,610,54126,767,134

(25,254,572)(25,254,572)

Interest & Finance charges paidNet cash provided by Financing Activities

NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS DURING THE YEAR

(713,816) 1,512,562

Cash and Cash Equivalents at the beginnirg of the year Cash and cash equivalents at the end of the year

Closing Cash and Cash Equivalents

Note :1.The Cash Flow Statement has been as per the indirect method as set out in the Accounting Standard (AS-3) on Cash Flow Statement issued under the Companies Accounting Standards Rules, 20062. Figures in brackets indicate cash outflow.3. Previous year figures have been regrouped and recast wherever necessary to confirm to current year classification.4. The Cash and cash equivalents comprise of the followings :

Balances with banks - In current accounts-In fixed deposit account with maturity of less than 12 monthsCash on handTOTAL

1,801,1431,087,327

1,087,330

As at March 31, 2015

1,073,249

14.081

288,5791,801,141

1,801,143

As at March 31, 2014

1,087,330

1,788,345

12.7981,801,143


For CHATURVEDI 8i PARTNERSChartered Accountar Firm Registration No I7068E

AN U J M A H A N S A R IAPartnerMembership No. 500819

Place: New Delhi Date: May 30, 2015

FOR AND ON BEHALF OF THE BOARD

C B GuptaDirector

(DIN: 00058863)

P K GoelDirector

(DIN: 00021153)


NOTES FORMING PART OF FINANCIAL STATEMENTS

Note No.l: COMPANY OVERVIEW

Jagat Trading Enterprises Limited ("the Company") is a company incorporated under the provisions of the Companies Act, 1956 ("the Act"). The Company is primarily engaged in dealing or trading of shares, securities, debentures and other investments.

Note No.2: SIGNIFICANT OF ACCOUNTING POLICIES

I. Basis of Preparation:

These financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on accrual basis, except for certain tangible assets which are being carried at revalued amounts. Pursuant to section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014, till the standard of accounting or any addendum thereto are prescribed by Central Government in consultation and recommendation of the National Financial Reporting Authority, the existing accounting standards notified under the Companies Act, 1956 shall continue to apply.

Consequently, these financial statements have been prepared to comply in all material aspects with the accounting standards notified under Companies (Accounting Standards) Rules, 2006 [as amended] and the other relevant provisions of the Companies Act, 2013.

II. Use of Accounting Estimates:

The preparation of the financial statements in conformity with Indian GAAP requires management to make estimates and assumptions that affect the balances of assets and liabilities and disclosures relating to contingent liabilities as at the reporting date of the financial statements and amounts of income and expenses during the period of account. Management periodically assesses whether there is an indication that an asset may be impaired and makes provision in the accounts for any impairment losses estimated. Contingencies are ’•ecorded when it is probable that a liability will be incurred, and the amount can be reasonably estimated. Actual results could differ from those estimates.

III. Valuation of inventories

Quoted Equity Shares - At cost or Market value whichever is lower, scrip-wise.

Unquoted Equity Shares/ Mutual Fund Units - At lower of cost or Breakup value, scrip-wise.

IV. Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments, which includes investment in Mutual fund units. Current Investments are valued at cost or market value whichever is lower.

V. Revenue Recognition

Interest income from deposits and others is recognised on an accrual basis. Dividend income is recognised when the right to receive the dividend is unconditionally established. Profit / loss on sale of investments are recognised on the date of the transaction of sale and are computed with reference to the original cost of the investment sold.



VI. Fixed Assets and Depreciation

a) Fixed Assets are stated at cost less accumulated depreciation.b) Depreciation on fixed assets has been provided for on Straight Line Method at the

rates specified in schedule II of the Companies Act, 2013 (as amended).c) Fixed assets include land which is valued at cost price.

VII. Employee Benefits:

Liability in respect of Gratuity is provided for as per the provisions of Gratuity Act on accrual basis. Provision for leave encashment is made on the basis of privilege leave lying credit as on the close of the year.

VIII. Taxes on Incom e:

Tax expenses for the year comprises of current tax and deferred tax. Current taxes are measured at the current rate of tax in accordance with the provisions of the Income Tax Act, 1961.

Deferred tax assets and liabilities are recognized for future tax consequences attributable to the timing difference that result between taxable profit and the profit as per the financial statements deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted as on the Balance Sheet date.

Deferred tax assets are recognized on unabsorbed depreciation and carry forward of losses under tax laws to the extent there is virtual certainty that sufficient future taxable income willbe available against which such deferred tax assets can be realized.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in theStatement of Profit and Loss in the year of change.

IX. Earning Per Share (EPS):

The earnings considered in ascertaining the company's EPS comprises the Net Profit or Loss for the period after tax and extra ordinary items. The basic EPS is computed on the basis of weighted average number of equity shares outstanding during the year. The number of shares used in computing diluted EPS comprises or weighted average number of equity shares considered for deriving basic EPS and also the weighted average number of equity shares are deemed converted as of the beginning of the year unless they are issued at a later date. The diluted potential equity shares are adjusted for the proceeds receivable assuming that the shares are actually issued at fair value. The number of shares and potentially dilutive shares are adjusted for shares splits/reverse share splits (consolidation of shares) and bonus shares, as appropriate.

CHAPTERED > [accountants


Notes to Financial Statements

3 SHARE CAPITAL ________________________ (Figures in 7)As at

March 31. 2015As at

March 31. 2014Authorised2000000 Equity Shares (Previous year same) of ? 10/- each 20,000,000 20,000,000

TOTAL 20,000,000 20,000,000

issued Subscribed and Fully p?\4 up996400 Equity Shares (Previous year same) of ̂ 10/-each 9,964,000 9,964,000

TOTAL 9,964,000 9,964,000

Reconciliation of the Number of Shares

As at March 31. 2015

As at March 31. 2014

Equity shares outstanding at the beginning of the yearAdd : Equity shares issued during the yearLess: Equity shares cancelled on buy back during the year

Num bers

996,400Numbers

996,400

Equity shares outstanding at the end of year 996,400 996,400

ii Detail of share holder holding more than 5 percent share of the company as on reporting date are given belaw i

Name of the Shareholder

H. P. Rathi Sewa Trust

4 RESERVE & SURPLUS

a) Special Reserve under section 451C of RBI Act

Balance at the beginning of the year Add : transfer during the year Balance at the end of the year

b) Surplus in the Statem ent o f Profit & Loss

Balance at the beginning of the year Net Profit for the yearLess : During the year transfer to Special Reserve Balance at the end of the year

Total reserve and surp lus

5 LONG-TERM PROVISIONS

Employee's benefits GratuityProvision for standard assets TOTAL

6 TRADE PAYABLEMicro Small and Medium Enterprises Sundry Creditors TOTAL

7 OTHER CURRENT LIABILITIESExpenses Payable TOTAL

As at As atMarch 31. 2015 March 31, 2014

594000 (59.61) 594000 (59.61)

21,228,881 21,228,881

i l l , 228,881 21,228,881

81,622,513 84,440,078(7,170,531) (2,817,565)

74,451,982 81,622,513

95,680,863 102,851,394

753577 640,385143750 92,500

897,327 732,885

36515 43,64436,515 43.644

4,150 4,0504.150 4.050

Notes forming part of financial statements

JA G A T TR AD ING ENTERPRISES LIM ITEDCIN - L749 99 D L1 982 P LC 014 411

Note No. 8 FIXED ASSETS(Figures in ?)

PARTICULARS Use full life GROSS BLOCK DEPRECIATION NET BLOCKAS AT

01.04.2014ADDITIONS SALES/

ADJUSTTOTAL AS AT 31.03.2015

AS AT 01.04.2014 For the Year SALE

ADJUSTDEPRE UP TO 31.03.2015

AS AT 31.03.2015

AS AT 31.03.2014

Building 29 201,683 - - 201,683 159,081 1,051 160,132 41,551 42,602

Car 4 471,409 - - 471,409 335,864 29,319 365,183 106,226 135,545

Computer 3 56,500 - - 56,500 3,282 17,635 20,917 35,583 53,218

Furniture & Fixture 10 317,648 - - 317,648 295,423 2,586 298,010 19,638 22,225

Office Equipment 5 127,664 - - 127,664 108,369 12,912 121,282 6,382 19,295

Land 29,750,430 29,750,430 - - - - 29,750,430 29,750,430

TOTAL 30,925,334 - - 30,925,334 902,019 63,504 - 965,525 29,959,809 30,023,315

Previous Year 12,691,417 29,806,930 11,573,013 30,925,334 1,054,544 65,819 218,346 902,019 30,023,315



(Figures in T)AS AT AS AT

DEFERRED TAX ASSET

MARCH 31, 2015 MARCH 31, 2014

Depreciation and amortisation 30,977 31,073Employee benefits 226,751 192,692

TOTAL 257,728 223,765

LONG-TERM LOANS AND ADVANCES

MAT credit entitlementAdvance tax deducted at source (Net of Provisions) TOTAL

13,362,5345.465.576__________ 4,303,804

5,465,576 17,666,338



No. of unitsAS AT

MARCH 31, 2015 No. of units AS AT MARCH 31, 2014

11 CURRENT INVESTMENT

Investments in Mutual Funds

Valued at Cost or n r v (whichever is lower)QuotedSBI MIF-FRP SAVING PLUS BOND 121784.43 2,602,576 233,983.224 4,520,369UTI TREASURY ADVANTAGE FUND GROWTHUTI-FLOTING RATE FUND STF-RP-GROWTH 1,797.43 4,003,675 4,315.953 8,638,463

Total Quoted Investment 6,606,251 ______13,158,832

Agreegate of Quoted InvestmentBook Value Market Value

6,606,2516,693,682

13,158,83213,528,800


CLOSING STOCK VALUATION CHART OF FY 2014-15


Note No. 12

S.No. NAME OF THE SCRIPTQuantity as on April 01, 2014

Quantity as on March 31, 2015

Cost as on March 31, 2015

Market Rate/NAV Market ValueLower of

Cost/Market value

1 APL Appolo Tubes Ltd Quoted 50 50 6,544.80 400.40 20,020.00 6,544.80

2 Gold Spot (NSEL) Grams (E) Quoted 34 - - - - -

3 Hindustan Media Venture Ltd Quoted 100 23,675.46 220.25 22,025.00 22,025.00

4 Jindal Drilling Quoted 924 924 191,824.83 168.60 155,786.40 155,786.40

5 Jindal Steel & Power Ltd Quoted 250 250 54,794.58 156.80 39,200.00 39,200.00

6 JSL Stainless Limited Quoted 100 100 10,829.00 34.75 3,475.00 3,475.00

7 JSW Energy Limited Quoted 1,500 1,500 127,527.38 119.20 178,800.00 127,527.38

8 JSW Steel Ltd Quoted 50 50 10,801.54 906.55 45,327.50 10,801.54

9 Pankaj Investments Ltd Quoted 70,000 70,000 1,946,425.00 36.32 2,542,239.26 1,946,425.00

10 Prakash Industries Ltd Quoted 169,923 32,074 1,498,012.03 35.30 1,132,212.20 1,132,212.20

11 Prakash Chemtex (India) Ltd UnQuoted 7,500 7,500 75,000.00 1.00 7,500.00 7,500.00

12 Silver Spot (NSEL) Grams (E) Quoted 28,600 - - - - -

13 Shalimar Paints Quoted - 200 32,947.90 140.75 28,150.00 28,150.00

14 Surya Roshni Ltd (Stock) Quoted 14,390 540 44,575.80 111.80 60,372.00 44,575.80

15 West Coast Papers Quoted 100 100 8,813.20 48.40 4,840.00 4,840.00

16 G R Gupta Properties Ltd (UN) UnQuoted 85,000 85,000 1,281,380.00 10.00 850,000.00 850,000.00

Total 378,421 198,388 5,313,151.52 5,089,947.36 4,379,063.12

JAGAT TRADING ENTERPRISES LIMITED

CIN - L74999DL1982PLC014411

Notes form ing part of financial statements

A s a t M arch 31, 2015

As at M arch 31, 2014

CASH & CASH E Q U IV A LE N T S

Cash in hand 14,081 12,798

Balance w ith Schedu led Bank

In cu rren t A ccoun t 1,073,249 1,788,345

TOTAL 1,087,330 1,801,143

14 S H O R T-TER M LO A N S & A D V A N C ES

Loans to others - bodies corporate

Security Deposit

O ther Advance

TOTAL

15 OTHER CURRENT ASSETS

Interest Receivable

TOTAL

57,500,000 37,000,000

4,000 4,000

78,386 335,530

57,582,386 37,339,530

1,244,712 1,333,331

1,244,712 1,333,331


Notes form ing part of financial statements

Year Ended Year EndedMarch 31, 2015 March 31, 2014

REVENUE FROM OPERATION

Sale of Shares 16,437,440 4,243,651Speculation Profit / Loss on Shares 1,022 993Dividend Income 14,574 267,796Income on Redemption of Mutual Fund 855,347 887,553Interest on Loan 8,470,092 3,618,148TOTAL 25,778,475 9,018,141

OTHER INCOME

Rent Received 12,000 12,000Profit on Sale of Land - 656,800Excess Provision Written-Back - 20,000TOTAL 12,000 688,800

CHANGES IN INVENTORIES OF STOCK IN TRADE

Opening Stock 12,049,721 14,132,421Less:Closing Stock 4,379.063 12,049.720TOTAL 7,670,658 2,082,701

EMPLOYEE BENEFITS EXPENSES

Salaries and Wages 3,326,257 2,803,037Contribution to Provident and Other Funds 113,192 102,173Staff welfare Expenses - 11,109TOTAL 3,439,449 2,916,319

FINANCE COST

Interest expense _TOTAL -

OTHER EXPENSES

Bank Charges 11,607 3,804Donation 4,500,000 5,000,000Payment to Auditors 33,000 37,000Legal and Professional Charges 253,800 133,388Electricity Charges 37,232 36,950Repair to Building 139,786 71,302Insurance 33,213 38,339Rates and Taxes 116,782 63,834Provision for Standard Assets 51,250 _

Board Meeting Expense 78,000 22,000Miscellaneous Expenses 284,146 281,459TOTAL 5,538,816 5,688,076



22. AS 20: Earning Per Share (EPS’)

PARTICULARS FOR THE YEAR ENDED MARCH 31, 2015

FOR THE YEAR ENDED MARCH 31, 2014

(?) (?)Profit/(Loss) for the year(A) (7,170,531) (2,817,565)Number of Equity Shares (B) 996,400 996,400Profit/(Loss) Per Share (A/B) (7.20) (2.83)

23. The Company was exclusively listed on Delhi Stock Exchange (DSE) and SEBI vide its order dated November 19, 2014 has de-recognised the Delhi Stock Exchange (DSE) and consequently the Listing Agreement between DSE and the Company is treated to be terminated.

Further SEBI vide its circular No: CIR/MRD/DSA/18/2014 dated 22.05.2014 under para V stated that:

"The Exclusively listed Companies, which fail to obtain Listing on any other Stock Exchange, which do not voluntary De-list or which are not considered as "Vanishing Companies", will Cease to be Listed Company and will be moved to the dissemination board by the existing Stock Exchange. It shall be the responsibility of the exchange which are being derecognise either or voluntary or compulsory basis., to place their exclusively listed companies on the Dissemination board" {Emphasis supplied}.

In view of the above facts, though, the company present status may be deemed as an unlisted company; but the company has decided to comply with the requirement of the listing agreement with the authority or regulator till the final decision of the authority / regulator to delist the Company as per the provision of the Companies Act, 2013.

24. There were no dues outstanding as on March 31, 2015 payable to Micro, Small and Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006.

25. Earning and expenditure in Foreign Currency : NIL

26. The company has complied with the guidelines issued by the Reserve Bank India in respect ofPrudential Norms for Income Recognition, Accounting Standards, and Asset Classification andfor Bad & Doubtful Debts as applicable to it.

27. Auditors' Remuneration:

PARTICULARSFOR THE YEAR ENDED

MARCH 31, 2015FOR THE YEAR ENDED

MARCH 31, 2014Statutory Audit Fee 14,000 14,000Tax Audit Fee 7,000 7,000Review Audit Fee/Certification 12,000 16,000

33,000 37,000



28. Related Party D isclosure

A. List o f Related Parties and Relationships:

Name RelationshipPraveen Kumar Goel DirectorChander Bhan Gupta DirectorVikas Jalan DirectorSwagata Das w.e.f. September 15, 2014 Additional DirectorSurya Kant Gupta w.e.f. May 30, 2014 Manager

B. D isclosure o f the transaction w ith the Key Managerial Person:

Name Nature of Transaction

FOR THE YEAR ENDED MARCH 31,

2015

FOR THE YEAR ENDED MARCH

31, 2014(?) (?)

Surya Kant Gupta Salary* 15,45,420

♦Excluding Gratuity

29. Previous year's figure have been reworked, regrouped, rearranged and reclassified wherever necessary.

30. Figures have been rounded to the nearest rupees.

31. Note 1 to 31 form an integral part of the accounts and have duly been authenticated.


For CHATURVED I& PARTNERSChartered Accouptants Firm Registraticm Nto. 307068E

FOR AND ON BEHALF OF THE BOARD

ANOJ MAHANSARIAPartnerMembership No. 500819

Place: New Delhi Dated: May 30, 2015

C B GuptaDirector

(DIN No: 00058863)

K GoelDirector

No: 00021153)


Disclosure of details as required in terms of paragraph 13 of Non-Banking (Non-Deposit Accept or Holding) Financial Companies Prudential Norms (Reserve Bank) Directions, 2008________________

PARTICULARS Amount outstanding as on

March 31, 2015

Amount overdue as on

March 31, 2014Liabilities side :

(1) Loans and advances availed by the NBFC inclusive of interest accrued thereonhut not nairl:a) Debentures : Secured NIL NIL

Unsecured (other than falling within the meaning of Public NIL NILDenosifs)b) Deferred credits NIL NILc) Term Loans NIL NILd) inter-corDorate loans and borrowina NIL NILe) Commercial paper NIL NILf) Public deposits NIL NILq) other Loans (specify nature) NIL NIL

ASSETS SIDE AmountOutstandinq

(2) Break-UD of Loans and Advances including bills receivables (other than those included in f4)

a) Secured NILb) ynsegynjgl 575.00

(3) Break u d of Leased Assets and stock on hire and other assets counting towards AFC(I) Lease assets including lease rentals under sundry debtors:

(a) Financial lease NIL(b) Operating lease NIL

(II) Stock on hire including hire charges under sundry debtors:(a) Assets on hire NIL(b) Repossessed assets NIL

(III) Other loans counting towards AFC activities(a) Loans where assets have been repossessed NIL(b) Loans other than (a) above NIL

(4) Break-uD of Investm ent;

Current Investment :1. Quoted :

(i) Shares : Equity NILPreference NIL

(ii) Debenture and bonds NIL(iii) Units of mutual funds NIL(iv) Government securities NIL(v) Others (please specify) NIL

2. Un-Quoted :


(ii) Debenture and bonds NIL(iii) Units of mutual funds 66.06(iv) Government securities NIL(v) Others (please specify) NIL

Lono Term Investments :

1. Quoted :

(i) Shares : EquityPreference

(ii) Debenture and bonds(iii) Units of mutual funds(iv) Government securities(v) Others (please specify)

NILNILNILNILNILNIL

2. Un-Quoted :


(ii) Debenture and bonds NIL(iii) Units of mutual funds NIL(iv) Government securities NIL(v) Others (please specify) NIL

(5) Borrower arouD-wise classification of all leased assets, stock-on hire ancilo an s and advances:Amou nt net of provisions

Secured Unsecured Total1. Related Parties **

fa) Subsidiaries NIL NIL NILfb) Companies in the same arouo NIL NIL NILfc) Other related oartiss NIL NIL NIL

2. Other than related parties NIL 575.00 575,00TOTAL NIL 575.00 575.00

Investor arouo-wise classification of all investments (current and Iona term) in shares and securities (both

Category Market Value / Break up or fair value or NAV

Book value (net of provisions)

1. Related Parties **(a) Subsidiaries N/A N/A(b) Companies in the same group N/A N/Afc) Other related parties N/A N/A2. Other than related parties shares 66.94 66.06TOTAL 66.94 66.06

** As per Accountina Standard of ICAI

(7 ) Other information

Particulars Amount

(i) Gross Non-Performing Assets NIL

(a) Related parties NIL

(b) Other than related parties NIL

(ii) Net Non-Performing Assets NIL

(a) Related parties NIL

(b) Other than related parties NIL

(iii) Assets acauired in satisfaction of debt NIL

Sianature of ScheduleAs per our report of even date annexed

For CHATURVEDI & PChartered Accountant:Firm Registration No./ 8E

ERS FOR AND ON BEHALF OF THE BOARD

ANUJ MAHANSARIAPartnerMembershio No. 500819

Place: New Delhi Date: May 30. 2015

(Din No: 00058863)

J f a u X .

P K GoelDirector

(Din No: 00021153)



Email: [email protected]

To THE BOARD OF DIRECTORSJAGAT TRADING ENTERPRSIES LIMITED

In compliance with the matters specified in paragraph 3 and 4 of the Non-Banking FinancialCompanies Auditor's Report (Reserve Bank) Directions, 2008 we report that:

Paragraph 3(A)

1. The Company is engaged in the business of Non-Banking Financial institution and it has obtained a certificate of registration from the Bank.

2. On the basis of our examination of current year Balance Sheet and Statement of profit and loss we hereby report that the company is entitled to continue to hold such certificate of Registration in terms of its asset/income pattern as on March 31, 2015.

3. On the basis of our examination of current years balance Sheet and the immediately preceding current year balance sheet we report that the Company be classified based on its assets as INVESTMENT COMPANY.

Paragraph 3(C)

1. The board of Director has passed a resolution for Non Acceptance of any Public Deposits.

2. The Company has not accepted any deposit from the public during the year ended March31, 2015.

3. The company has complied with the prudential Norms relating to the income Recognition,Accounting Standards, assets classification and provisioning for bad and doubtful debts as applicable to it's in terms of Non-Banking Financial (Non Deposits Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions-2007.

4. The Company is not a systemically important company as defined in paragraph 2(1) (XIX)of the Non-Banking Financial (Non Deposits Accepting or Holding) Companies prudential Norms (Reserve Bank) Directions-2007.

As per our report of even date

For CHATURVED I& PARTNERSChartered Accountants Firm Registratior^oyB07068E

ANUJ MAHAN£ARIAPartnerMembership No.: 500819

Place: New Delhi Date: May 30, 2015

Other Offices : Kolkata • Mumbai • Chennai • Lucknow • Hyderabad


TO W HOM SO EVER IT M AY CONCERN

We, Chaturvedi & Partners, Chartered Accountants, are the statutory auditors of M /s. Jaga t T rad ing Enterp rises L im ited ('the Company') having its registered office at 208, Magnum House-II, Karampura Commercial Complex, New Delhi-110 015, have verified the records for the financial year ended March 31, 2015 as produced before us and certify that the said Company has carried on NBFC business during the financial year ended on March 31, 2015 thereby requiring to hold C ertif ica te o f Reg istra tion No.: B -14 ,01056 dated: 25.11.2002 issued to them by Reserve Bank of India, New Delhi under Section 45-1A of the RBI Act, 1934 with reference to the position of the company as at the end of the financial year ending on March 31, 2015 wherein the Company is holding financial assets more than 50% of its total assets and the income from the financial assets is more than 50% of its gross income.

Further, as per calculation sheet of Assets & Income for the financial year as on March 31, 2015 as enclosed as per Annexure "A" shows that the Company investing 65.42% in Financial Assets (such as investment in shares and loans & advances) and 99.95% of income (such as sale of investment, sale of share, dividend and interest on loan given) is from the Financial Assets.

For C H A T U R V E D I& PARTNERSChartered Accountants




Email: [email protected] WHOM IT MAY CONCERN

This is to be certify that the M/S JAGAT TRADING ENTERPRISES LIMITED Continues to undertake the Business of NBFC as on 31st March 2015 Requiring holding of Certification of Registration under Section

45-IA of the RBI Act, 1934.

Annexure - A

Further, the Asset income pattern of the Company as on 31st March 2015 is as under:

ASSET PATTERN OF THE COMPANY AS ON 31st MARCH 2015

S.NO. Particulars Amount in Thousands

% age to total asset as on 31.03.2015

1 Net Fixed Assets 29,959.81 28.112 Net Leased Assets - -3 Net Stock on hire / hypothecation - -

4 Loans and Advances 57,500.00 53.955 Investment in Govt.Sec. - -

6 Interest on Govt. Sec., if any - -7 Fixed deposits - .8 Interest on FDRs - -9 Cash and Bank Balances 1,087.33 1.0210 Investment in Group Companies - -11 Other Investments 6,606.25 6.2012 Sundry Debtors - -13 Security Deposit(Telephone) - -

14 Advance Tax / Interest Tax 5,465.58 5.1315 Other assets

a.) Inventories 4,379.06 -b.j Other S.T advances 82.39c.) Other Current assets 1,244.71d. i Deffered Tax assets 257.73 5,964 5.60Total Asset 106,582.86 100.00

INCOME PATTERN AS ON 31st MARCH 2015

S.NO. Particulars Amount in Thousands

%age to total Income as on 31.03.2015

1 Income from Hire Purchase/Hyp - -

2 Interest earned on FDRs - -

3 ln:erest on Govt. Securities, if any - -

4 Investment Income 855.35 3.325 Investment Income on loan and Advances 8,470.09 32.846 Interest earned others (ICDs)/lnt on I.Tax Refund - .

7 Excess amt. of prov. Written back - -

8 Bed debts recovered or rent received 12.00 0.059 Others

a. Sales of Shares 16,437.44b.l Dividend Income 14.57c.) Speculation Profit On Shares 1.02d.l Profit on Sale of Land - 16,453 63.80Total Income 25,790 100.00

The Net Owned Fund (NOF) of the company is Rs 1,056 Lakhs as on March 31, 2015

FOR CHATURVEDI & PARTNERS Chartered Accountants

Place: New DelhiDate: 30.05.2015

Membership No. 500819



JAGAT TRADING ENTERPRISES LIMITEDRegistered Office: 208, Magnum House II, Karampura Community Centre, New Delhi 110015

CIN: L74999DL1982PLC014411, Email: [email protected]

Attendance Slip

DP Id*Client Id*

Folio No.No. Of Shares

Name and Address of the Shareholder: Signature:

Email ID: PAN No:

I hereby record my presence at the 32,,d Annual General Meeting of the Company held on Tuesday the 1 S'” September 2015 at 11 00 AM at the Regd. Office of the Company at 208, Magnum House II, Karampura Community Centre, New Delhi 15

’Applicable for investors holding shares in electronic form.

Form No. MGT-11 Proxy Form

(Pursuant to section 105(6) ot the Companies Act, 2013 and rule 19(3) ol the Companies (Management and Administration) Rules 20141JAGAT TRADING ENTERPRISES LIMITED

Registered Office: 208, Magnum House II, Karampura Community Centre, New Delhi 110015 CIN: L74999DL1982PLC014411, Email: iaaattradinaenterDriseslimiteri@qmnil r-nm

Name of the member(s): e-mail Id:Registered address: Folio No/ *Client Id:

•DP Id:

* Applicable for investors holding sha es in electronic form.

I/We, being the member(s) o f_____________ shares of the above named company, hereby appoint:

1 ) _____________ of___________________having e-mail id__________________________ or failing him/her

2 ) _____________ of___________________having e-mail id__________________________ or failing him/her

3 ) _____________ of___________________ having e-mail id__________________________ or failing him/her

and whose signature(s) are appended below as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 32nd Annual General Meeting of the Company, to be held on Tuesday, the 15th September 2015 at 11.00 AM at the Registered Office of the Company at 208 Magnum House II, Karampura Communi ;y Centre, New Delhi 15 and at any adjournment thereof in respect of such resolutions as are indicated in ♦he box below:

Description ot the Business as set out in the Notice dated 30.05.2014 Nool Shares

1/We assent to the

resolution (FOR)

1 / We dissent to the resolution

(AGAINST)

ORDINARY BUSINESSConsider & Adopt Audited Financial State nent, Report of Board of Director and Auditors thereon for the ye a ended 31 * March 2015.

Re-appoint Shri Vikas Jalan (DIN 0171422C) who etires by rotation

To ratify the appointment of Statutory Auditor of the Company and Fix their Remuneration

SPECIAL BUSINESSTo regularise the Appointment of Smt. Swagata Das (DIN 06913656) as Director of the Company

Signed this....... day of........... 2015 Signature of the Shareholder

Affix Rs 1 /- Revenue Stamp Here

Signature of first proxy holder Signature of Second proxy holder Signature of third proxy holder


Notes:

1) This form of proxy in order to be effective should be duly stamped, completed, signed and deposited at the Registered Office of the Company not less Than 48 hours before the commencement of the meeting

2) A Proxy need not be a memoer of the Company.

3) A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not more than 10% of the total Share Capital of the Company carrying voting rights. A member holding more than 10% of the total share capital of the Company carrying Voting rights nr ay appoint a single person as proxy and such person shall not act as a proxy for any other person or shareholder.

4) This is only optional. Plecse put a V in the appropriate column against the resolution indicated in the box. If you leave the "For" or "Against" column blank against any or all the Resolution, your Proxy will be entitled to vote in the manner as he / she think appropriate.

5) Appointing a proxy does not prevent a member from attending the meeting in person if he so wishes.

6) In the cose of joint-holde'S, the signature of any one holder will be sufficient, but nam es of all the joint-holders should be stated.

7) The Ministry of Corporate Affairs has taken a "Green Initiative in the Corporate Governance" by allowing paperless compliances by the.

8) Companies and has issued circulars stating that service of notice/documents including Annual Report can be sent by e-mail to its members. To support this green initiative of the Government in full measure, members are requested to register their e-mail addresses in respect of electronic holdings with the Depository through their concerned Depository Participants. Members who hold shares in physical form are reques'ed to send their e-mail address to the following alongwith the all details of the shareholders:

Email ID of the Company: [email protected]

9) The Notice of the AGM clong with the Annual Report 2014-15 is being sent by electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories, unless any Member has requested for a physical copy of the same. For Members who have not registered their e-mail addresses, physical copies are being sent by the permitted mode.

10) The Board of Director has appointed Mr. D P Gupta of M/c. SGS Associates (Company Secretaries Firm) 1“ Floor, 14, Rani Jhansi Road, New Delhi 110015 as Scrutinizer for conducting the Postal Ballot process, Scrutinizer will submit the final report not later than 72 Hours after the close of the meeting (AGM)


JAGAT TRADING ENTERPRISES LIMITEDRegistered Office: 208, Magnum House II, Karampura Community Centre, New Delhi 110015

CIN: i.7<i999DL1982PLC0144l 1, Email: |aaottradinaenterpriseslimiteg®amciil.cr>m

POSTAL BALLOT FORM fin lieu of E Votinal

To be return to The Scrutinizer appointed by the Com panvl

Name of the member(s): e-mail Id:

Registered address: Folio No/ ’Client Id:*DP Id: / No of Shares

I / We hereby exercise my/our vote in respect of the resolution of the following to be passed to be passed at the 32"° Annual General Meeting of the Company, to be held on Tuesday, tne 15th September 2015 at 11.00 AM at the Registered Office of the Company at 208. Magnum House II Karampura Community Centre, New Delhi 15 in respect of the business as stated in the Notice dated 30.05.2015 by conveying my/our assent or dissent to the said Resolution(s) placing (V) mark at the box against the respective matters:

Description of the Business as set out in the Notice dated 30.05.2015No of

Shares1 / W e assent to the resolution

(FOR)

1 / We dissent to the resolution (AGAINST)

ORDINARY BUSINESSConsider & Adopt Audited Financial Statement, Report of Board of Director and Auditors thereon for the year ended 31 *' March 2015.

Re-appoint Shri Vikas Jalan (DIN 01714220) whc retires by rotation

To ratify the appointment of Statutory Auditor of the Company and Fix their Remuneration

SPECIAL BUSINESSTo regularise the Appointment of Smt. Swagata Das (DIN 06913656) as Director of the Company

PiaCe; ------------------Signature of the Shareholder / Beneficial Owners

Date:

# E Mail ID:# To be provide by the members holding equity shares in Physical Form

Note: Please read instruction given overleaf and Notice dated 30,hM ay 2015 carefully before completing / exercise your form

NOTES / INSTRUCTION

1. A member desiring to exercise vote by Ballot may complete this Ballot Form and send it to the Scrutinizer in the attached self-addressed pre-paid posiage Business Reply Envelope. Postage charges will be born and paid by the Company. However, envelopes con'aining Ballot Form(s), if deposited in person or sent by courier or registered / speed post at the expense of the Member will also be accepted.

2. This Form should be completed and signed by the Member (as per the specimen signature registered with the Company/ Registrar / Depository Participants). In case of Joint holding, this Form should be completed and signed by the first named Member and in his / her absence by the next named Member.

3. In case of shares held by companies, trusts, societies etc. the duly completed Ballot Form should be accompanied by a certified true copy of Board Resolution / Authority letter duly attested by authorized signatory(ies).

4. Duly completed Ballot Form should reach the Scrutinizer on or before the close of working hours on Monday, September, 14, 2015. All Ballot Forms -eceived after this date will be strictly treated as if reply from such Members has not been received.

5. The Company will not be 'esponsible if the envelope containing the Ballot Form is lost in transit.

6. There will be only one Ballot Form for every folio irrespective of the number of joint holder(s). Ballot cannot be exercised as a proxy.

7. Members are requested not to send any other paper along with the Ballot Form in the enclosed self-addressed pre-paid postage Business Reply Envelope, as all such envelopes will be sent to the Scrutinizer and any extraneous paper found in such envelope would be destroyed by the Scrutinizer and the Company would not be liable to acknowledge or act on the same.

8. A Member need not use all the votes or cast all the votes in the same way. The voting rights of the Members shall be in proportion to their shares i i the total paid-up equity share capital of the Company as on Saturday, August 8, 2015

9. Incomplete, unsigned or ircorrect Ballot Forms will be rejected. The Scrutinizer’s decision on the validity of a Ballot will be final and binding on the concerned Member and the Company.

10. In the event Members casts his / her votes through both the processes i.e.. Physical presence and Ballot Form, the votes in the Physical attendance would be considered and the Ballot Form would be ignored.

JAGAT TRADING ENTERPRISES LIMITED · To regularize, appointm ent of Smt. Swagata Das (DIN:06913656)...

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Transcript of JAGAT TRADING ENTERPRISES LIMITED · To regularize, appointm ent of Smt. Swagata Das (DIN:06913656)...