Notes to Accounts of JMJ Fintech Ltd.

Mar 31, 2016

In the event of the 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 of shares held by the shareholders.

1. CONTINGENT LIABILITIES AND COMMITMENTS: NIL

2. ADDITIONAL INFORMATION DISCLOSED AS PER PART II OF THE COMPANIES ACT, 2013: NIL

3. SEGMENT REPORTING:

The company is primarily engaged in the single business of Financing and Investment and there is no reportable secondary segment i.e. geographical segment. Hence, the disclosure requirement of Accounting Standard-17 "Segment Reporting" as notified by Companies (Accounting Standards) Rules, 2006 (as amended) is not applicable.

4. AMOUNT DUE FROM DIRECTORS/PARTIES/COMPANIES IN WHICH DIRECTOR IS INTERESTED, IN TERMS OF SECTION 185 OF THE COMPANIES ACT, 2013:

Loans and Advances include loan amount of Rs.8,50,751/- due from M/s. India Roller Flour Mills, in which one of the directors of the company is interested as a Partner in HUF capacity. 100% provision towards the loan has been made as per Prudential Norms prescribed for NBFC''s by RBI. However, the company is confident of recovery of the amount due to the company.

5. CONFIRMATION OF BALANCES/RECONCILIATION OF ACCOUNTS PERTAINING TO CERTAIN ADVANCES/CREDITORS/DEBTORS IS PENDING AS AT PERIOD END. HENCE, THE BALANCES HAVE BEEN ADOPTED AS PER THE BOOKS OF ACCOUNTS.

6. PREVIOUS YEARS FIGURES HAVE BEEN REGROUPED WHEREVER NECESSARY TO CONFORM TO CURRENT PERIODS CLASSIFICATION.

7. LOANS GRANTED UNDER HIRE-PURCHASE SCHEMES HAVE BECOME NONPERFORMING ASSETS, THE COMPANY HAS NOT RECOGNISED ANY INCOME ON SUCH LOANS IN TERMS OF PRUDENTIAL NORMS PRESCRIBED FOR NBFCS BY THE RBI.

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Mar 31, 2015

1. SEGMENT REPORTING:

The company is primarily engaged in the business of financing and investments and accordingly it is operating in a single segment of financing activities only.

2. Related Party Transactions:

As per Accounting Standard 18, the disclosure of transactions with related parties is given:

(i) List of Related Parties where control exists and related parties with whom transactions have taken place and their relationships:

3. The Company has recognised the deferred tax liability of Rs. 44,854/- during the year which arouse on account of timing difference of depreciation on fixed assets.

4. Loans and Advances include loan amount of Rs. 8,50,751/- (Previous year Rs. 8,50,751/-) due from M/s. India Roller Flour Mills, in which one of the erstwhile directors of the company is interested as a Partner in HUF capacity. 100% provision towards the loan has been made as per NBFC Prudential Norms as per RBI Regulations. However, the company is confident of recovery of the amount due to the company.

5. Loans granted under Hire-purchase schemes have become non-performing assets, the company has not recognized any income on such loans in terms of prudential norms prescribed for NBFCs by the RBI.

6. Previous figures have been regrouped wherever necessary to conform to the current year classifications.

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Mar 31, 2014

1. SEGMENT REPORTING:

The company is primarily engaged in the business of financing and investments and accordingly it is operating in a single segment of financing activities only.

2. Related Party Transactions:

As per Accounting Standard 18, the disclosure of transactions with related parties is given:

(i) List of Related Parties where control exists and related parties with whom transactions have taken place and their relationships:

3.Utilisation Of Proceeds Of Preferential Issue:

During the current year, the company had raised Rs.1,0,34,00,000/- by way of preferential issue of equity shares (including share premium) to be utilized to meet its various financing activities including lending and business operations and working capital requirements. As at March 31, 2014, the company had utilized the entire proceeds of the preferential issue, net of issue expenses in accordance with the objects stated at the time of preferential issue.

4. The Company has recognized the deferred tax liability of Rs.12,040/- during the year which arouse on account of timing difference of depreciation on fixed assets.

5. Loans and Advances include loan amount of Rs.8,50,751/- due from M/s. India Roller Flour Mills, in which one of the directors of the company is interested as a Partner in HUF capacity. 100% provision towards the loan has been made as per NBFC Prudential Norms as per RBI Regulations. However, the company is confident of recovery of the amount due to the company.

6. Loans granted under Hire-purchase schemes have become non-performing assets, the company has not recognized any income on such loans in terms of prudential norms prescribed for NBFCs by the RBI.

7. Previous figures have been regrouped wherever necessary to conform to the current year classifications.

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Mar 31, 2013

A. SEGMENT REPORTING:

The company is primarily engaged in the business of financing and investments and

b. As per accounting standard 17, the disclosure of transactions with related parties.

d. The company has recognized the deferred tax liability of Rs. 2,448/- during the year which arose on accounting of timing differences of depreciation on fixed assets

e. Loans and advances include loan amount of Rs. 8,50,751/-du from M/S. India Roller Flour mills, in which one of the directors of the company is interested as a partner in HUF capacity. 100% provision towards the loan has been made as per NBFC prudential Norms as per RBI Regulations. However, the company is confident of recovery of the amount due to the company.

f. Loans granted under Hire-purchase schemes have become non-performing assets, the company has not recognized any income on such loans in terms of prudential norms prescribed for NBFCs by the RBI.

g. Previous years figures have been regrouped whenever necessary to conform to current year classification.

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Mar 31, 2012

A. SEGMENT REPORTING:

The company is primarily engaged in the business of financing and investments.

b. RELATED PARTY DISCLOSURES

As per Accounting Standard 18, the disclosure of transactions with related parties (i) List of Related Parties where control exists and related parties with whom

Name Relationship

i. Rohit Gupta (HUF) Kartha is Director

Suresh Kumar Gupta (HUF) Kartha is Director

Suresh Kumar Gupta (individual) Director iv. Rohit Gupta (Individual) Director

ii. Deepak Gupta Director

a. the Company has unabsorbed depreciation and carried forwarded losses under the Income tax Act, 1961. In the absence of virtual certainty of sufficient future taxable income, deferred tax assets are not recognized.

b. Loans and Advances include loan amount of Rs. 8,50,751/- due from M/s. India Roller Flour Mills, in which one of the directors of the company is interested as a partner in HU F capacity. 100% provision towards the loan has been made as per NBFC Prudential Norms as per RBI Regulation. However, the company is confident of recovery of the amount due to the company.

c. Loans granted under Hire - purchase schemes have become non - performing assets, the company has not recognized any income on such loans in terms of prudential norms prescribed for NBFCs by the RBI.

d. Previous yer's figures have been regrouped wherever necessary to conform to current year classification.

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Mar 31, 2011

1. The Company is primarily engaged in the business of financing and accordingly there are no separate reportable segments as per Accounting Standard (AS17) - "Segment Reporting".

2. The "Related Party Disclosure" as required by the Accounting Standard IS (AS 18) is given as under.

3. The company has unabsorbed depreciation and carries forward losses under die Income Tax Act, 1961. In the absence of virtual certainty of sufficient future taxable income, net deferred tax assets are not recognized.

4. Previous years' figures have been re-arranged and re-grouped wherever found necessary.

5. Generator Repossessed during 1999-2000 is continued in books at its book value of Rs.642360. Assessment of its value is yet to be made and diminution/ impairment loss, if any would be accounted as and when made.

6. Loans and advances include loan amount of Rs.8, 50,751/- due from M/s. India Roller Flour Mills, Coimbatore in which one of the Directors is interested as a Partner in HUF capacity. 100% Provision towards the loan has been made as per NBFC Norms of RBI. However, the Company is confident of recovery of the same.

7. As the Hire Purchase Loans have become Non Performing, as a prudent measure, the Company has not recognized any interest income for the year ended 31.3.2011. 100% provision has been made in the accounts as per RBI NBFC Norms.

8. The Board of Directors confirms that the value of other current assets and loans and advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet.

9. Particulars in respect of stock-in-trade:

(Securities quoted/valued at cost or market value whichever is lower):