Notes to Accounts of Jainco Projects (India) Ltd.

Mar 31, 2015

1. Corporate information

The Company is engage in the business of trading in real estate, to act as builder, promoter, developer and contractor for self and for other lands, buildings and building sites and also purchase and sales of building materials and trading materials.

2. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management This has been relied upon by the auditors.

24.2 Sundry Debtors includes Rs. 13,04,000/-, considered doubtful of recovery, due from Xedd Finance & Investment (P) Ltd., against which the company has filed suit for recovery.

3. No provisions ha been made in the accounts for the followings:

a) The company has given printing Cylinders lo M/s Business Forms Ltd , which has gone into liquidation, the Company has filed the suit for recovery of arrear lease rent along with lease asset in the Calcutta High Court and accordingly a claim has been filed with the official liquidator appointed by the Calcutta High Court and awaiting the result.

b) Advances include Rs 9,71,668/- due from Xedd Telecom Ltd The company has filed a case for recovery of said advances, matter is subjudice and the same is pending with the Calcutta Metropolitan Magistrate awaiting for decision. Necessary effects ofthe same will be given in the accounts on settlement of the case.

4. The Capital Work-in-Progress shown in the balance sheet is due to land which is under the process of acquisition by the company.

6. Previous year's figures have been regrouped I reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2014

1. Terms & Rights attached to equity shares:

(i) The Company has only one class of Equity Shares havng a par value of Rs.10/- per share Each holder of equity share is entitled to one vote per share

(ii) In the event of liquidation ofthe company, the holders of Equity Shares will be entitled to receive remaining assets ofthe company, after distribution of all preferential amounts. The distribution will be proportionate to the number of Equity shares held by shareholders.

(iii) None ofthe shareholders are holding more than 5% of Equity Shares in the company

2. Corporate information

The Company is to engage in the business of and investors in real estate, to act as builders, promoters, developers and contractors for self and for other lands, buildings and building sites and also purchase and sales of building materials, trading matenals and shares.

3. Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identifed on the basis of information collected by the Management This has been relied upon by the auditors

4. Sundry Debtors includes Rs 13 04 000/-, considered doubtful of recovery due from Xedd Finance & Investment (P) Ltd. against which the company has filed suit for recovery

5. No provisions ha been made in the accounts fry the followings:

a) The company has given printing Cylinders to M/s Business Forms Ltd., which has gone into liquidation, the Company has filed the suit fry recovery of arrear lease rent along with lease asset in the Calcutta High Court and accordingly a claim has been fled with the official liquidator appointed by the Calcutta High Court and awaiting the result

b) Advances include Rs. 9,71,668/- due from Xedd Telecom Ltd. The company has fled a case fry recovery of said advances, matter is subjudice and the same is pending with the Calcutta Metropolitan Magistrate awaiting for decision Necessary effects of the same will be given in the accounts on settlement ofthe case

6. The Company has acquired certain land parcel for few development projects and the same are shown as WIP until full land parcels are acquired fry the respective projects

7. The Company has not shown land worth Rs.55.61 000 & Plant and Machinery worth Rs.5 34,25,039 41 under fixed assets and the same has been shown as advances since the company is contemplating to demerge its business

8. No Provision has been made fry amount of Rs 10,10,955/- due from Daga Fibres and Synthetics Ltd and the same is considered as doubtful recovery. The company has also stopped provisioning interest on loan given to them since recovery of principle is even doubtful.

9. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classifcation / disclosure.

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Mar 31, 2013

1 Corporate information

The Company is to engage in the business of and investors in real estate, to act as builders, promoters, developers and contractors for self and for other lands, buildings and building sites and also purchase and sales of building materials and trading ma

1. The Company did not employ any person during the year with a salary of Rs. 500000/- P.M. Or Rs 6000000/-P.A. and as such information required u/s 217 (2A) of the Companies Act, 1956 ready with Companies.

2. The deposit shown in the Balance Sheet is the trade deposit which will not attract the provisions of Section 58A of the Companies Act,1956.

2.1 Disclosure under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There has been no dues to Micro and Small Enterprises which have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

2.2 Sundry Debtors includes Rs. 13,04,000/-, considered doubtful of recovery, due from Xedd Finance & Investment (P) Ltd., against which the company has filed suit for recovery.

2.3 No provisions ha been made in the accounts for the followings:

a) The company has given printing Cylinders to M/s Business Forms Ltd., which has gone into liquidation, the Company has filed the suit for recovery of arrear lease rent along with lease asset in the Calcutta High Court and accordingly a claim has been fi

b) Advances include Rs. 9,71,668/- due from Xedd Telecom Ltd. The company has filed a case for recovery of said advances, matter is subjudice and the same is pending with the Calcutta Metropolitan Magistrate awaiting for decision. Necessary effects of the

2.4 No Provision has been made for amount of Rs. 10,10,955/- due from Daga Fibres and Synthetics Ltd. and the same is considered as doubtful recovery. The company has also stopeed provisioning interest on loan given to them since recovery of principle is even

3 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2011

1. Previous Year's figures have been regrouped and or rearranged wherever found necessary.

2. The Project completed at VIP Road is yet to be handed over. Hence carried as completed Project.

3. Sundry Debtors includes Rs. 13,04,000/-, considered doubtful of recovery, due from Xedd Finance & Investment (P) Ltd, against which the Company has filed suit for recovery

4. Lease Income :

Lease Rent from Printing Cylinders has not been accounted as the Lessee has gone into liquidation.

5. Depreciation :

a) No depreciation on Printing Cylinder for the year has been provided as the said asset has not yielded any income.

6. Disclosure of Sundry Creditors is based on the information available with the company regarding the status of the suppliers as denied under the "Micro, Small and Medium Enterprise Development Act, 2006. There is no overdue amount outstanding as at the Balance Sheet Date.

7. No provisions have been made in the accounts for the followings :

a) The Company has given printing Cylinders to M/s Business Forms Ltd., which has gone into liquidation, the Company has filed a suit for recovery of arrear lease rent along with lease asset to the Calcutta High Court and accordingly a claim has been filed with the official liquidator appointed by the Calcutta High Court and awaiting the result.

b) Advances include Rs.9, 71, 668/-due from Xedd Telecom Limited. The company has filed a case for recovery of said advances, matter is subjudice and the same is pending with Calcutta Metropolitan Magistrate awaiting for decision. Necessary effects of the same will be given in the accounts on settlement of the case.

8. No interest has been charged in respect of loan given to Daga Fibres & Synthetics Ltd. Since in the considered opinion of the management even the recovery of principal is doubtful.

9. The Company is engaged in purchasing and selling of Ready Mix Concrete which is consider the only reportable business segment as per accounting standard 17, "Segment Reporting issued by the ICI, The Geographycal Segmentation is not relevant as their was no export during the year.

10. No Provision has been made for amount of Rs.10,10,955/- due from Daga Fibres & Synthetics Ltd and the same is considered as doubtful recovery.

11. No provision has been made for fall of market value of investments as this being a short term phenomenon.

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Mar 31, 2010

1. Previous Years figures have been regrouped and or rearranged wherever found necessary.

2. Depreciation as required in earlier has been provided in this year for Rs.13,08,066/- on LPG Storage Tank.

3. The Project completed at By pass and ONGC Site are yet to be handed over. Hence carried as completed project.

4. The WIP is confirming as same figure from the last year since no work has been carried out during the year.

5. Sundry Debtors includes Rs. 13,04,000/-, considered doubtful of recovery, due from Xedd Finance & Investment (P) Ltd, against which the Company has filed suit for recovery

6. Lease Income :

Lease Rent from Printing Cylinders has not been accounted as the Lessee has gone into liquidation.

7. Depreciation :

a) No depreciation on Printing Cylinder & Oil Filter for the year has been provided as the said asset has not yielded any income.

8. Disclosure of Sundry Creditors is based on the information available with the company regarding the status of the suppliers as denied under the "Micro, Small and Medium Enterprise Development 2006. There is no overdue amount outstanding as at the Balance Sheet Date.

9. No provisions have been made in the accounts for the followings :

a) The Company has given printing Cylinders to M/s Business Forms Ltd., which has gone into liquidation, the Company has filed a suit for recovery of arrear lease rent along with lease asset to the Calcutta High Court and accordingly a claim has been filed with the official liquidator appointed by the Calcutta High Court and awaiting the result.

b) Advances includes Rs.9,71,668/-due from Xedd Telecom Limited.The company has filed a case for recovery of said advances, matter is subjudice and the same is pending with Calcutta Metropolitan Magistrate awaiting for decision. Necessary effects of the same will be given in the accounts on settlement of the case.

10. No interest has been charged in respect of loan given to Daga Fibres & Synthetics Ltd. Since in the considered opinion of the management even the recovery of principal is doubtful.

11. The Company is engaged in purchasing and selling of Ready Mix Concreate which is consider the only reportable business segment as per accounting standard 17, "Segment Reporting issued by the ICI, The Geographycal Segmentation is not relevant as their was no export during the year.

12. No Provision has been made for amount of Rs.10,10,955/- due from Daga Fibres & Synthetics Ltd and the same is considered as doubtful recovery.

13. No provision has been made for fall of market value of investments as this being a short term phenomenon.

14. No provision for gratuity except those on contractual basis has been made in the accounts as the same is not applicable to the Company presently.

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Mar 31, 2009

1. Previous Years figures have been regrouped and or rearranged wherever found necessary.

2. Sundry Debtors includes Rs. 13,04,000 /-, considered doubtful of recovery, due from Xedd Finance & Investment (P) Ltd, against which the Company has filed suit for recovery

3. Lease Income:

Lease Rent from Printing Cylinders has not been accounted as the Lessee has gone into liquidation.

4. Depreciation:

a) No depreciation on Printing Cylinder & Oil Filter for the year has been provided as the said asset has not yielded any income.

b) Depreciation relating to earlier years for LPG Stroage Tank not yet provided to Rs. 13,08,066/-.

5. Sundry Creditors does not include any balance due to S.S.I, units.

6. No provisions have been made in the accounts for the followings :

a) The Company has given printing Cylinders to M/s Business Forms Ltd., which has gone into liquidation, the Company has filed a suit for recovery of arrear lease rent along with lease asset to the Calcutta High Court and accordingly a claim has been filed with the official liquidator appointed by the Calcutta High Court and awaiting the result.

b) Advances includes Rs.9,71,668/- due from Xedd Telecom Limited. The company has filed a case for recovery of said advances, mater is subjudice and the same is pending with Calcutta Metropolitan Magistrate awaiting for decision. Necessary effects of the same will be given in the accounts on settlement of the case.

7. No interest has been charged in respect of loan given to Daga Fibres & Synthetics Ltd. Since in the considered opinion of the management even the recovery of principal is doubtful.

8.. The Company is engaged in purchasing and selling of Ready Mix Concreate which is consider the only reportable business segment as per accounting standard 17, "Segment Reporting issued by the ICI, The Geographycal Segmentation is not relevant as their was no export during the year.

9. No Provision has been made for amount of Rs.10,10,955/- due from Daga Fibres & Synthetics Ltd and the same is considered as doubtful recovery.

10. No provision has been made for fall of market value of investments as this being a short term phenomenon.

11. No provision for gratuity except those on contractual basis has ben made in the accounts as the same is not applicable to the Company presently.