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JMDE Packaging & Realties Ltd.

BSE: 524378 Sector: Industrials
NSE: N.A. ISIN Code: INE807C01024
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JMDE Packaging & Realties Ltd. (JMDEPACKAGING) - Director Report

Company director report

The Directors hereby present the 20th Annual Report of the Company togetherwith the audited statement of accounts for the year ended 31st March 2015.

1. Financial Results (Standalone)

Year ended 31st March 2015 (Rs. In Lacs) Year ended 31st March 2014 (Rs. In Lacs)
Income from Operation 54.36 0.00
Total Expenditure 52.54 07.67
Profit before finance cost depreciation and tax (Operating Profit) 01.82 (03.41)
Finance Cost 00.00 00.00
Depreciation Cost 00.00 00.36
Profit before tax 01.82 (03.77)
Provision for Tax - 00.00 0.00
- Dividend Tax 00.00 0.00
- Reversal of Dividend Tax 00.00 0.00
- Deferred 00.00 0.00
Profit after Tax 01.82 (03.77)
Balance brought forward from previous year (402.75) (399.00)
Transfer to General Reserve 0.00 0.00
Proposed Dividend 0.00 0.00
Profit carried to Balance Sheet (400.93) (402.75)

2. Operations Review

The Company's primary business is real estate sales. The Company has setup its ownwebsite www.homenxt.com to capture the growing online real estate sales and brokingbusiness. The Company is in the process of readying a plan a team and financing to carryout this venture.

3. Dividend

Your directors do not recommend a dividend on Equity Shares of the Company for the yearunder consideration.

4. Fixed Deposit

During the year under review the Company has not received any deposits from the publicpursuant to Section 58- A of the Company Act 1956.

5. Subsidiaries

The Company has no subsidiary as on date.

6. Listing

The Equity Shares of your Company are listed on The Bombay Stock Exchange Mumbai.Listing fees to the Stock Exchanges have not been paid for the years 2013-14 2014-2015.

7. Directors Responsibility Statement

Pursuant to Section 217(2AA) of the Companies Act 1956 the Directors based on therepresentations received from the Operating Management confirm:

a) that in the preparation of the annual accounts the applicable accounting standardshave been followed and that there are no material departures;

b) that they have selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the Company at the end of the financial year and of theprofit of the Company for that period;

c) that they have taken proper and sufficient care to the best of their knowledge andability for the maintenance of adequate accounting records in accordance with theprovisions of the Act for safeguarding the assets of the Company and for preventing anddetecting fraud and other irregularities; and

d) that they have prepared the annual accounts on a going concern.

8. Auditors

The Auditors M/s PSV Jain & Associates Chartered Accountants Mumbai retire at theforthcoming Annual General Meeting and are eligible for reappointment. Your Directorspropose the reappointment of M/s PSV Jain & Associates Chartered Accountants to holdoffice until the conclusion of the next Annual General Meeting of the Company.

9. Conversation Of Energy Technology Absorption Foreign Exchange Earnings & Outgo

Company takes adequate steps to avoid wasteful consumption and conservation of energy.The Company does not require any technology for its existing business. There were noEarnings and Outgo in Foreign Exchange.

10. Particulars Of Employees

In terms of the provisions of Section 217(2A) of the Companies Act 1956 read withCompanies (particulars of Employees) Rules 1975 as amended there are no employees whosedetails to be reported under this section.

11. Employee Stock Option Scheme

During the year under consideration no options were granted.