Notes to Accounts of JMDE Packaging & Realties Ltd.

Mar 31, 2014

Not Available.

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Mar 31, 2013

Rights of Equity Shareholders

The Company has only one class of Equity Shares having par value of Rs.1. Each holder of equity shares is entitled to one vote per share.In the event of liquidation of the Company, the holder of equity shares will being entitled to receive any of the remaining assets of the company, after distribution of all preferential amount including in respect of preference share issue.

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Mar 31, 2012

1. Most of the debits/credits are subject to confirmation.

2. Debit/credit notes received up to the date of signing of the Annual are accounted for.

3. Related parties Transactions: As per Accounting Standard – 18 during the year: NIL

4. In accordance with Accounting Standard 22" Accounting for Taxes on Income" the Company has accounted for Deferred Tax Asset of Rs. NIL (Previous Year – Rs. NIL) and Deferred Tax Liability of Rs. 14832/- (Previous Year – NIL) has been added to the profit & Loss Account.

5. Estimated amount of contract remaining to be executed on capital account & not provided for – NIL.

6. Contingent Liabilities –

There is a due of Rs.32 Lacs in respect of Income Tax for the Assessment Year 2003 – 04 which has not been deposited on account of dispute; the dispute is pending before The Assistant Commissioner of Income Tax.

7. Additional information relating to Balance Sheet Abstract and company's General Business profiles as per Part IV of Schedule VI to the Companies Act, 1956 – Annexed.

8. Figures for the previous year have been regrouped wherever necessary to make them comparable with those of current year.

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Mar 31, 2010

1. Possession of factory premise was obtained from Gujarat State Financial Corporation (GSFC) on 10th January pursuant to the order of Honorable DTR I Mumbai. Due to prolonged closure of unit the major part required heavy maintenance and overhauling to restart the manufacturing activities at normal level. As a WOW the company overall performance was affected. Further, all efforts to re nut has not Melded satisfactory result.

2. Most of me debits/credits are subject low confirmation.

3. Debit credit notes received up to the date of signing of the Annual arc accounted for.

4. Since the company has filed petition under B1FR. the interest on secured loans for the year has not beer, provided for. The same shall be provided a; per the directives of B1FR in the year of its award.

5. Sale of Plant at Dadra and settlement of Smith Indian Rank Debt:

The company's plant based at Dadra had been sold off during the year after taking approval of the shareholders. The proceeds of the same had been utilized for settling the loan of South Indian Bank ltd. who had advanced the it the mortgage of the said plant. The said Debt of bank had been settled under One rime Settlement (OTS) scheme and a no due certificate has been obtained from there.

6. The major of the dues towards the suppliers are old dues. The company has no information as to whether any of its suppliers constitute small-scale industrial undertaking and therefore, the amount due to such suppliers has not been identified.

No remuneration has been paid to Directors during the year or in previous year.

7. Related parties Transactions; As per Accounting Standard - 18 during the year: NIL

8. In accordance with Accounting Standard 22" Accounting for Taxes on Income" the Company has accounted for Deferred Tax Asset ot Rs. 19.83.858 - (Previous Year Rs.79,040/-) and Deferred tax Liability of Rs. Nil. (Previous Y«U Nil ) has been added to the profit & Loss Account.

9. Estimated amount of contract remaining 10 iv executed on capital account & not provided for-Ml .

10. Contingent Liabilities

a) The Income Tax Department has raised demands in respect of regular assessment proceeding- amounting to Ks.8.98 lacs for Assessment Year 1906-97.

b) There is a dispute of Ks.3.37 lacs in r telephone bill and die company has taken up the matter with higher authorities of the telephone department.

11. Additional information relating to Balance Sheet Abstract and company's General Business profiles as per Pair IV of Schedule VI to the Companies Act. 1956 - Annexed.

12. Figures for the previous year have been regrouped wherever necessary to make them comparable with those of current sear.