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Notes to Accounts of JMD Ventures Ltd.

Mar 31, 2015

1. Disclosures in terms of Accounting Standards (AS 29) Provisions, Contingent Liabilities and Contingent Assets issued by the Institute of Chartered Accountants of India :

2. The Company creates a provision when there is a present obligation as a result of past event that probably requires an outfow of resources and a reliable estimate can be made of the amount of the obligation.

3. A disclosure for a contingent liability is made when there is a possible obligation or present obligation that probably will not require an outflow of resources or where reliable estimate of the amount of the obligation cannot be made.

4. Contingent Assets are neither recognized nor disclosed.

Segment Report

5. Based on the Similarity of activities, risks and reward structure, organization structure and internal reporting systems, the Company has structured its operations into the following Segment :- a. Recording & Selling/ Distribution of Audio Video CDs

b. Trading in Software & Hardware Products

c. Investments in Capital Market & Mutual Fund related activities

6. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

Contingent Liabilities

7. Contingent Liabilities not provided for – Rs. Nil

particulars of Director's Remuneration

8. Rs. Nil has been paid towards Remuneration to Managing Director for the Year (P.Y. Rs. Nil)

Related party Transactions

9. Key Management Personnel –

a. Mr. Kailash Prasad Purohit - Managing Director

b. Mr. Jagdish Prasad Purohit - Non-Executive Director

c. Mr. Amit Gupta - Company Secretary & Compliance Officer

d. Mr. Pravin Sawant - Chief Financial Officer

10. Subsidiary Company – JMD Broadcasting Private Limited (Domestic Company)

11. Group Companies or Companies under same management –

1. Blue Circle Services Limited

2. Prime Capital Market Limited

3. Unisys Software's & Holding Industries Limited

4. Scan Infrastructures Limited

5. JMD Sounds Limited

6. Warner Multimedia Limited

12. Sundry Debtors and creditors are subject to confirmation and reconciliation.

13. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2015. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

14. Previous years' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2014

1. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

Contingent Liabilities

2. Contingent Liabilities not provided for -Rs. Nil Particulars of Director''s Remuneration

3. Rs. Nil has been paid towards Remuneration to Managing Director for the Year (P.Y. Rs. Nil)

Related Party Transactions

4. Key Management Personnel-

a. Mr. Kailash Prasad Purohit - Managing Director

b. Mr. Jagdish Prasad Purohit - Non-Executive Director

5. Subsidiary & Group Companies or Companies under same management -

1. M/s. JMD Sounds Limited - Company under same management.

2. M/s. JMD Broadcasting Private Limited - Subsidiary Company

6. Deferred TaxAsset (Net) for the year ended 31st March 2014 amounts to Rs. 5,10,750/-

7. Sundry Debtors and creditors are subject to confirmation and reconciliation.

8. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2014. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

9. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2013

Contingent Liabilities

1. Contingent Liabilities not provided for - Rs. Nil

Particulars of Director''s Remuneration

2. Rs. Nil has been paid towards Remuneration to Managing Director for the Year (P.Y. Rs. Nil)

Related Party Transactions

3. Key Management Personnel -

a. Mr. Kailash Prasad Purohit - Managing Director

b. Mr. Jagdish Prasad Purohit - Executive Director

25. Subsidiary & Group Companies or Companies under same management -

1. M/s. JMD Sounds Limited - Company under same management.

2. M/s. JMD Broadcasting Private Limited - Subsidiary Company

4. Subsidiary Company

Name of the Subsidiary Company has been changed from M/s. Aalap Performing Arts Network Pvt. Ltd to M/S. JMD Broadcasting Pvt. Ltd. during the year. The fresh Certificate of Incorporation received Registrar of Companies Maharashtra.

Deferred Tax on Income

5. Deferred Tax Asset (Net) for the year ended 31st March 2013 amounts to Rs. 6,09,550/-

6. Sundry Debtors and creditors are subject to confirmation and reconciliation.

7. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2013. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

8. Previous years'' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2012

1. The Company creates a provision when there is a present obligation as a result of past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation.

2. A disclosure for a contingent liability is made when there is a possible obligation or present obligation that probably will not require an outflow of resources or where reliable estimate of the amount of the obligation cannot be made.

3. Contingent Assets are neither recognized nor disclosed. Others

4. During the year the Company has imported Mobile Phones and accessories.

5. Balance of Debtors, Creditors, Deposits, Loans and Advances are subject to confirmation.

6. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

7. Investments of the Company have been considered by the management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

Segment Report

8. Based on the Similarity of activities, risks and reward structure, organization structure and internal reporting systems, the Company has structured its operations into the following Segment :- a. Short-term funding to its Clients as well as Deposits with Banks

b. Investments in Capital Market & Mutual Fund related activities

c. Trading in Software & Hardware Products

d. Trading in Mobile Instruments & allied Accessories

e. Recording & Selling/ Distribution of Audio Video CDs

f. Sound Recording for Music CDs / DVDs

9. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

Contingent Liabilities

10. Contingent Liabilities not provided for - Rs. Nil Particulars of Director's Remuneration (In Rupees)

11. Rs. Nil has been paid to Directors as Remuneration for the Year (P.Y. Rs. Nil) Related Party Transactions

12. Key Management Personnel -

a. Mr. Kailash Prasad Purohit - Managing Director

b. Mr. Jagdish Prasad Purohit - Executive Director

13. Subsidiary & Group Companies or Companies under same management -

1. M/s. JMD Sounds Limited - Company under same management.

2. M/s. JMD Broadcasting Private Limited - Subsidiary Company

Deferred Tax on Income

14. Deferred Tax Asset (Net) for the year ended 31st March 2012 amounts to Rs. Nil

15. Sundry Debtors and creditors are subject to confirmation and reconciliation.

16. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2012. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

17. Previous years' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2011

1. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

Contingent Liabilities

2. Contingent Liabilities not provided for - Rs. Nil

Particulars of Director's Remuneration (In Rupees)

3. Rs. Nil has been paid to Directors as Remuneration for the Year (P.Y. Rs. Nil)

Related Party Transactions

4. Key Management Personnel -

a. Mr. Kailash Prasad Purohit - Managing Director

b. Mr. Jagdish Prasad Purohit - Executive Director

5. Subsidiary & Group Companies or Companies under same management - M/s. JMD Sounds Limited - Company under same management.

Differed Tax on Income

6. Differed Tax Asset (Net) for the year ended 31st March 2011 amounts to Rs 8,89,200/-

7. Sundry Debtors and creditors are subject to confirmation and reconciliation.

8. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2010. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

9. Previous years' figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.


Mar 31, 2010

1. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value state, if realized in the ordinary course of business. Provisions for all known liabilities are adequate and not in excess of the amount considered necessary for the same.

Contingent Liabilities

2. Contingent Liabilities not provided for - Rs. Nil

Particulars of Directors Remuneration (In Rupees)

3. Rs. Nil has been paid to Directors as Remuneration for the Year (P.Y. Rs. Nil)

Related Party Transactions

4. Key Management Personnel -

a. Mr. Kailash Prasad Purohit

b. Mr. Jagdish Prasad Purohit

5. Subsidiary & Group Companies or Companies under same management - Not Any.

Differed Tax on income

6. Differed Tax Asset (Net) for the year ended 31st March 2010 amounts to Rs Nil

7. Sundry Debtors and creditors are subject to confirmation and reconciliation.

8. There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2010. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

9. Information pursuant to provisions of paragraph 3,4(C) and 4(D) of Part II of Schedule VI of the Companies Act, 1956 to the extent applicable is as under:

10. Previous years figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

 
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