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NOTES TO ACCOUNTS

Jagson Airlines Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 1.61 Cr. P/BV -0.16 Book Value (₹) -5.06
52 Week High/Low (₹) 1/1 FV/ML 10/1 P/E(X) 0.00
Bookclosure 07/12/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2015-03 
A. Contingent liability towards custom duty is yet to be ascertained by custom and excise appellate tribunal. The demand raised by the tribunal has been duly deposited by the company hence no amount has been considered as contingent liability for the year ending on 2006.

B. Contingent liability towards income tax for the assessment years 2008-2009 to 2010-2011 has not been considered as debt as the matter is pending with commissioner of income tax appeals. The disclosed claimed against the company not acknowledged as debts after careful evaluation of the fact and legal aspects of the matter involved. Such matters are in favor of the company.

C. No payment has been made to a director of the company during the year as remuneration including perquisites.(previous year - NIL).

D. Balance of sundry debtors, sundry creditors, loans & advances payable or receivable are subject to confirmation from some of the parties

E. The company does not own any sum exceeding Rs. 1,00,000/- to small scale undertaking which is outstanding for more than 30 days.

F. Auditors remuneration

1. Related Parties Disclosure:-

During the year there was some transitions with M/s Jagson International Limited, M/s. Pradeep Oil Corporation and M/s. Jindal service station, Shri J P Gupta is the key managerial person in all these entities.

2. Previous year figures have been regrouped / rearranged wherever necessary.

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