Mar 31, 2016
1. In the opinion of the management, current assets, loans and advances and other receivables have realizable value of at least the amounts at which they are stated in the accounts.
2. Previous year figures have been restated to conform to the classification of the current year.
3. Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors are Loans & Advances are subject to reconciliation, since conformations have not been received from them. Necessary entries will be passed on receipt of the same if required.
4. The company has not provided for Gratuity and Leave Encashment to Employees on accrual basis, which is not in conformity with AS-15 issued by ICAI. However, in the opinion of management the amount involved is negligible and has no impact on Statement of Profit & Loss.
Provisions, Contingent Liabilities & Contingent Assets
5. Disclosures in terms of Accounting Standards (AS 29) Provisions, Contingent Liabilities and Contingent Assets issued by the Institute of Chartered Accountants of India :
6. 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.
7. 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.
8. Contingent Assets are neither recognized nor disclosed.
Segment Report
9. 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 :-
10. Recording & Selling/ Distribution of Audio Video CDs
11. Trading in Software & Hardware Products
12. Investments in Capital Market & Mutual Fund related activities
13. 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
14. Contingent Liabilities not provided for â Rs. Nil
Particulars of Directorâs Remuneration
15. Rs. Nil has been paid towards Remuneration to Managing Director for the Year (P.Y Rs. Nil)
Related Party Transactions
16. Key Management Personnel â
17. Mr. Kailash Prasad Purohit - Managing Director
18. Mr. Jagdish Prasad Purohit - Non-Executive Director
19. Mr. Amit Gupta - Company Secretary & Compliance Officer
20. Mr. Pravin Sawant - Chief Financial Officer
21. Subsidiary Company -
JMD Broadcasting Private Limited (Domestic Company)
22. Group Companies or Companies under same management -
23. Blue Circle Services Limited
24. Prime Capital Market Limited
25. Unisys Softwares & Holding Industries Limited
25. Scan Infrastructures Limited
27. Warner Multimedia Limited
28. JMD Sounds Limited
29. Companies having common Directorship â
30. Bajaao Music Private Limited
Deferred Tax on Income
31. Deferred Tax Asset (Net) for the year ended 31st March 2016 amounts to Rs.3,13,150/
32. Remuneration to Auditors
33. Sundry Debtors and creditors are subject to confirmation and reconciliation.
34. 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, 2016. 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.
35. Previous yearsâ figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.
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 Â
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 Â
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.