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Notes to Accounts of JJ Finance Corporation Ltd.

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 –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 as 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.

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.