Notes to Accounts of KJMC Corporate Advisors (India) Ltd.

Mar 31, 2015

Company Overview:

KJMC Corporate Advisors (India) Limited is a company of the KJMC Group domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Merchant Banking operations and registered with Securities and Exchange Board of India under SEBI (Merchant Bankers) Regulations, 1992. Note No. - 1

Terms and Rights attached to Equity Shares:

The Company has only one class of equity shares having par value of Rs. 10 per share. Each shareholder of equity share is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1. Contingent Liabilities not provided for in respect of:

Corporate Guarantees given to: (Rs. '000's)

i) HDFC Bank for Rs. 37,500 (Previous Year Rs. 37,500) in respect of KJMC Capital Market Services Limited.

ii) There is income tax demand of Rs. 24 (in '000') & Rs. 195 (in '000') in respect of income tax for Assessment Year 2011-12 & Assessment Year 2012-13 respectively against which appeal has been filed with CIT (A). The management expects matter to be decided in favor of the Company in the appellate process. The management accordingly believes that the ultimate outcome of these proceedings will not have any material adverse effect on the Company's financial position and results of operations.

2. Estimated amount of contracts remaining to be executed on Capital Account and not provided for (net of advances) Rs. NIL (Previous Year Rs. NIL)

3. The Management has identified the Company's operations with a single business segment of merchant banking operations in India. Since the business operations of the company are primarily concentrated in India, the company is considered to operate only in domestic segment. All the assets of the Company are located in India.

4. The Company has charged depreciation based on the remaining useful life of the assets as per the requirement of Note 7 (b) of Schedule II of the Companies Act, 2013. As a result, the depreciation charge for the current year is higher by Rs. 6.43 Lacs as compared to the depreciation required to be charged under Companies Act, 1956. The carrying value of assets amounting to Rs. 2.84 Lacs ( Net of Deferred Tax Rs. 1.25 lacs) of which the remaining useful life was NIL as on 1st April, 2014 is adjusted to the opening balance of retained earnings.

5. Previous year figures have been regrouped or rearranged wherever necessary in order to make them comparable and shown in brackets.

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Mar 31, 2014

Company Overview:

KJMC Corporate Advisors (India) Limited is a company of the KJMC Group domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Merchant Banking operations and registered with Securities and Exchange Board of India under SEBI (Merchant Bankers) Regulations, 1992. Note -1

1. Contingent Liabilities not provided for in respect of:

Corporate Guarantees given to: (Rs. ''000''s)

i) HDFC Bank for Rs. 37,500 (Previous Year Rs. 37,500) in respect of KJMC Capital Market Services Limited.

2. Management expects that it would be in a position to pay normal tax within the period specified under the Income Tax Act 1961 and hence MAT Credit has been recognized.

3. Disclosure required by Micro, Small and Medium Enterprises (Development) Act, 2006.

As per requirement of Section 22 of Micro, Small & Medium Enterprises (Development) Act, 2006 following information is disclosed:

4. Equitable mortgage is created on Office Premises of M/s. KJMC Credit Marketing Limited., a Wholly owned Subsidiary Company, in favor of Union Bank of India on behalf of the company to avail overdraft facility.(As on 31-03-2014 Rs. 4,045 (''000))

5. The management has identified the Company''s operations with a single business segment of merchant banking operations in India. Since the business operations of the company are primarily concentrated in India, the company is considered to operate only in domestic segment. All the assets of the Company are located in India.

6. Previous year figures have been regrouped or rearranged wherever necessary in order to make them comparable and shown in brackets.

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Mar 31, 2013

Company Overview:

KJMC Corporate Advisors (India) Limited is a company of the KJMC Group domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Merchant Banking operations and registered with Securities and Exchange Board of India under SEBI (Merchant Bankers) Regulations, 1992, Note -1

1. Management expects that it would be in a position to pay normal tax within the period specified under the Income Tax Act 1961 and hence MAT Credit has been recognized.

2. Disclosure required by Micro, Small and Medium Enterprises (Development) Act, 2006.

3. Related party disclosures under Accounting Standard 18:

List of related parties

1) Parties where control exists

Wholly Owned : KJMC Shares and Securities Limited Subsidiaries : KJMC Credit Marketing Limited

: KJMC Capital Market Services Limited : KJMC Commodities Market India Limited

2) Other parties

(a) Key Management Personnel

Rajnesh Jain

(b) Relatives of Key Management Personnel

I. C. Jain - Father Chanddevi Jain - Mother Girish Jain - Brother Shraddha Jain - Wife

(c) Enterprises over which key management personnel and relatives are able to exercise significant influence .

KJMC Financial Services Limited KJMC Asset Management Company Limited KJMC Investment Trust Company Limited KJMC Technologies & Systems Limited Puja Impex Private Limited Prathamesh Enterprises Private Limited KJMC Platinum Builders Private Limited KJMC Silver Properties Private Limited

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Mar 31, 2012

Company Overview:

KJMC Global Market (India) Limited is a company of the KJMC Group domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Merchant Banking operations and registered with Securities and Exchange Board of India under SEBI (Merchant Bankers) Regulations, 1992,

1. Contingent Liabilities not provided for in respect of: Corporate Guarantees given to: (Rs '000)

i) HDFC Bank for Rs 37,500 (Rs 30,000) in respect of KJMC Capital Market Services Limited.

(Rs '000)

2. Estimated amount of contracts remaining to be executed on Capital Account and not provided for (net of advances) f 2090 (Previous Year NIL)

3. Prior period items:

The prior period items have been shown under respective income/expenses heads of profit & loss account and more particularly described herein below:

4. Management expects that it would be in a position to pay normal tax within the period specified under the Income Tax Act, 1961 and hence MAT Credit has been recognized.

5. Disclosure required by Micro, Small and Medium Enterprises (Development) Act, 2006.

As per requirement of Section 22 of Micro, Small & Medium Enterprises Development Act, 2006 following information is disclosed:

6. Debtors includes Rs 3,640 thousand being amount recoverable from Shree Vindhya Paper Mills Ltd. The Management is pursuing its recovery and hopeful to collect the same from the party and hence no provision is made in the books.

7. Related party disclosures under Accounting Standard 18:



List of related parties

1) Parties where control exists

Subsidiaries : KJMC Shares and Securities Limited

: KJMC Credit Marketing Limited

: KJMC Capital Market Services Limited

: KJMC Commodities Market India Limited

2) Other parties

(a) Key Management Personnel Rajnesh Jain

(b) Relatives of Key Management Personnel

I.C. Jain - Father

Chanddevi Jain - Mother

Girish Jain - Brother

Shraddha Jain - Wife

c) Enterprises over which key management personnel and relatives are able to exercise significant influence.

KJMC Financial Services Limited

KJMC Asset Management Company Limited

KJMC Investment Trust Company Limited

KJMC Technologies & Systems Limited

Puja Impex Private Limited

Prathamesh Enterprises Private Limited

KJMC Platinum Builders Private Limited

KJMC Silver Properties Private Limited

8. The management has identified the Company's operations with a single business segment of merchant banking operations in India. Since the business operations of the company are primarily concentrated in India, the company is considered to operate only in domestic segment. All the assets of the Company are located in India.

9. Previous year figures have been regrouped or rearranged wherever necessary in order to make them comparable and shown in brackets.

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Mar 31, 2011

1. Contingent Liabilities not provided for Rs. Nil (Rs. Nil)

2. The Company has not received any information from its vendor regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, required under the said Act have not been made.

3. Management expects that it would be in a position to pay normal tax within the period specified under the Income Tax Act 1961 and hence MAT Credit has been recognized.

4. Debtors includes Rs. 44,40,058/- being amount recoverable from Shree Vindhya Paper Mills Ltd. The Management is pursuing recovery from the party through summary suit before Bombay High Court which is likely to be decided shortly . Management is hopeful of recovery and hence no provision is made in the books of accounts.

5. Related party disclosures under Accounting Standard 18:

List of related parties

1) Parties where control exists

Subsidiaries : KJMC Shares and Securities Limited : KJMC Credit Marketing Limited 2) Other parties with whom the company has entered into transactions during the year

a) Associates

KJMC Financial Services Limited

KJMC Capital Market Services Limited

KJMC Asset Management Company Limited

KJMC Investment Trust Company Limited

KJMC Commodity Market India Limited

b) Key Management Personnel

Rajnesh Jain

Girish Jain

c) Enterprises over which key management personnel is able to exercise signifi cant influence

Puja Impex Private Limited

Transactions during the year with related party: (Rs. In Lacs)

6. The management has identified the Company's operations with a single business segment of merchant banking operations in India. Since the business operations of the company are primarily concentrated in India, the company is considered to operate only in domestic segment. All the assets of the Company are located in India.

7. Previous year figures have been regrouped or rearranged wherever necessary in order to make them comparable and shown in brackets.

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Mar 31, 2010

1. Contingent Liabilities not provided for Rs. Nil (Nil)

2. The Company has not received any information from its vendor regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, required under the said Act have not been made.

3. Managerial remuneration included in the Profit & Loss Account Rs. 10,70,000/- (Rs. 11,55,000/-)

4. CIF Value of Imports Rs. Nil (Rs. Nil)

5. Expenditure in Foreign Currency Rs. 1,94,000/- (Rs. Nil)

6. Remittances in Foreign Currency - Rs. Nil (Rs. Nil)

7. Earnings in Foreign Currency - Rs. Nil (Rs. Nil)



8. The debtors includes Rs.6,27,88,329/- and Rs.44,40,058/- being amount recoverable from Jammu and Kashmir State Power Development Corporation Ltd and Shree Vindhya paper Mills Ltd, respectively. The management is pursuing recovery:

a) from Jammu and Kashmir State Power Development Corporation through Arbitrator appointed by Delhi High court and award is expected shortly

b) from Shree Vidhya paper Mills Ltd through summary suit before Bombay Highcourt which is likely to be decided shortly. Management is hopeful of recovery and hence no provision is made.

9. Related party disclosures under Accounting Standard 18: List of related parties

1) Parties where control exists

Subsidiary : KJMC Shares and Securities Limited

2) Other parties with whom the company has entered into transactions during the year

a) Associates

KJMC Financial Services Limited

KJMC Capital Market Services Limited

KJMC Asset Management Company Limited

KJMC Investment Trust Company Limited

b) Key Management Personnel

Rajnesh Jain

Girish Jain

c) Enterprises over which key management personnel is able to exercise significant influence

Inderchand Jain (HUF)

Puja Impex Private Limited

10. The management has identified the Companys operations with a single business segment of merchant banking operations in India since the business operations of the company are primarily concentrated in India the company is considered to operate only in domestic segment. All the assets of the Company are located in India.

11. Previous year figures have been regrouped or rearranged wherever necessary in order to make them comparable and shown in brackets.