Mar 31, 2015
1. CORPORATE INFORMATION
J J Finance Corporation Ltd is a company incorporated in India and
regulated by Reserve Bank of India (RBI) as a Non- Deposit Accepting or
Holding Non Banking Financial Company (NBFC) engaged in the business of
Finance and Generation of Electricity through Wind Power Mill.
2. SHARE CAPITAL
(i) Terms / Rights and restrictions attached to Equity Shares :
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share held. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing AGM except
in the case of interim dividend. In the event of liquidation, the
ordinary shareholders are eligible to receive the remaining assets of
the Company after distribution of all preferential amounts in
proportion to their shareholding.
3. ADDITIONAL NOTES
The company has not received any memorandum as required to be filed by
the suppliers with the notified authority under regarding registration
under Micro, Small and Medium Enterprises Development Act, 2006 for
claiming their status as micro, small or medium enterprises as at 31st
March, 2015. Therefore, there are no dues outstanding to Micro, Small
and Medium Enterprises (Previous year Nil).
4. RELATED PARTY DISCLOSURES
A. Names of the related parties :
Related parties as per AS 18 with whom transaction have taken place
during the year :
i) Key Management Personnel Mr. Anil Jhunjhunwala
ii) Enterprise over which key managerial
personnel and relatives of Such personnel are
able to exercise Significant influence : J J Automotive Ltd.
B. Related Party Transactions during the year
(i) With Key Management Personnel Mr. Anil Jhunjhunwala
Managing Directors Remuneration Rs. 0.20 Lac
(From 1st Sept'14 to 30th Sept'14)
5. Previous year's figures have been regrouped/rearranged/recasted
wherever necessary.
6. Financial figures have been rounded off to nearest rupees.
7. Schedule to the Balance Sheet as on 31st March, 2015 of a
Non-Banking Financial Company is Annexed (Annexure-A)
Mar 31, 2014
1. CORPORATE INFORMATION
J J Finance Corporation Ltd is a company incorporated in India and
regulated by Reserve Bank of India (RBI) as a Non- Deposit Accepting or
Holding Non Banking Financial Company (NBFC) engaged in the business of
Finance and Generation of Electricity through Wind Power Mill.
2. Additional Notes
The company is Small and Medium Âsized Company (SMC) as defined in the
General Instructions in respect of Accounting Standards notified under
the Companies Act, 1956. Accordingly, the company has complied with the
Accounting Standards as applicable to a Small and Medium Âsized
Company.
Disclosures under Section 22 of the Micro, Small and Medium Enterprises
Development Act, 2006 could not be furnished as none of the suppliers
of the company have provided the details of their registration under
the said act.
3. Related Party Disclosures
A. Names of the related parties
Key Management Personnel Anil Jhunjhunwala
Associate Company J J Automotive Ltd.
B. Related Party Transactions during the year
(i) With Key Management Personnel Nil
4. Previous year''s figures have been regrouped/rearranged/recasted
wherever necessary.
5. Financial figures have been rounded off to nearest rupees.
6.Schedule to the Balance Sheet as on 31st March, 2014 of a
Non-Banking Financial Company is Annexed (Annexure - A)
Mar 31, 2013
1. CORPORATE INFORMATION
J J Finance Corporation Ltd is a company incorporated in India and
regulated by Reserve Bank ol India(RBI) as a Non-deposit Accepting or
Holding Non Banking Financial Company (NBFC) engaged in the business of
Finance and Generation o! Electricity through Wind Power Mill.
2.1 Additional Notes
The company is Small and Medium - sized Company (SMC) as defined in the
General Instructions in respect of Accounting Standards notified under
the companies Act, 1956. Accordingly, the company has complied with the
Accounting Standards a applicable to a Small and Medium - sized Company,
Disclosures under Section 22 of the Micro. Small and Medium Enterprises
Development Act, 2006 could not be furnished as none of the suppliers
of the company have provided the details of their registration under
the said act
2.2 Previous year''s figures have been regrouped/rearranged/recanted
wherever necessary
2.3 Financial figures have been rounded off to nearest rupees
Mar 31, 2010
1. The Company has followed the prudential norms for income
recognition and provisioning against non performing Assets as precribed
by the Reserve Bank of India for Non Banking Financial Companies.
2. Deterred Tax Liability for liming difference in depreciation
arising due to differences in net value of depreciable caprtal assets
as per books vis-a-vis wntlen down value as per Income Tax. The
Delerred Tax Liability of the Company to the extent recognized and
outstanding as al 31st March. 2010 is Rs. 1922489/- 4. a) There are no
Small Scale Industrial underaking to whom the company owes any sum
which is outstanding for more than 30 days as on 31.03.2010
b) The Company has nd received any information from its suppiers
regarding regtstration Under The Micro, Small and Medium Enterprises
Development Act. 2006 Hence, the information required to be given in
accordance with Section 22 of the said Act, is not ascernable and not
discksed-
3. The Provisions of the Payment of Gratuity Act. 1972. the Employees
Provident Funds & Miscelaneous Provision Act, 1952 and Employees State
Insurance Act. 1948 are not applicable to the Company.
4. Some Of the debit & credit balances are pending tor confirmation /
recondlabon. and impact of the same on the account rt any. is
unascertained.
5. Information pursuant to the provisions of paragraph 3 al Part II of
Schedule VI of the Companies Act. 1956 tor wind power project.
6. Related Party Disclosures
A. Key Management Personnel
Mr- Ani Director Jhunjhwiwala
Mr. Sanjoy Gupta Director
Mr. S-P. Mukherjes Director
Mr. Rajesh Poddar Director
Mr. Manoj Mehta Director
7. Previous years figures have been regrouped/rearranged/recasted
wherever necessary.
8. Financial figures have been rounded off to nearest rupees.
Mar 31, 2009
1. The Company has followed the prudential norms for income
recognition and provisioning against non performing assets as precribed
by the Reserve Bank of India for Non Banking Financial Companies.
2. a) There are: no Small Scale Industrial undertakings to whom the
company owes any sum which is outstanding for more than 30 days as on
31.03.2009.
b) The Company has not received any information from its suppliers
regarding registration Under "The Micro, Small and Medium Enterprises
Development Act, 2006". Hence, the information required to be given in
accordance with Section 22 of the said Act, is riot ascertainable and
not disclosed.
3. The Provisions of the Payment of Gratuity Act, 1972, the Employees
Provident Funds & Miscellaneous Provisions Act ,1952 and Employees
State insurance Act, 1948 are not applicable to the Company.
4. Some of the debit & credit balances are pending for confirmation /
reconcilation, and impact of the same on the account, if any, is
unascertained.
5. Related Party Disclosures
A. Key Management Personnel
Mr. Anil Jhunjhunwala Director
Mr.. Sanjay Gupta Director
Mr. S.P. Mukherjee Director
Mr. Rajesh Poddar Director
Mr. Manoj Mehta Director
B. Details of transactions with persons referred to item A above is
NIL.
6. Previous years figures have been regrouped/rearranged/recasted
wherever necessary.
7. Financial figures have been rounded off to nearest rupees.
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