JM FINANCIAL PRODUCTS LIMITED - Bombay Stock Exchange

(xiii) In our opinion and according to the information and explanations given to us, the term loans have been applied for
the purposes for which they were obtained.
(xiv) In our opinion and according to the information and explanations given to us and on an overall examination of the
Balance Sheet, we report that funds raised on short-term basis have not been used during the year for long- term
investment.
(xv) The Company has not made any preferential allotment of shares to parties and companies covered in the Register
maintained under section 301 of the Companies Act, 1956.
(xvi) According to the information and explanations given to us, during the period covered by our audit report, the
Company has issued 2,705 non-convertible debentures of Rs.10,00,000/- each. The Company has created
securities/ charges in respect of these secured debentures issued.
(xvii) During the year, the Company has not raised money by public issue(s).
(xviii) To the best of our knowledge and according to the information and explanations given to us, no fraud by the
Company and no fraud on the Company has been noticed or reported during the year.
8
For DELOITTE HASKINS & SELLS
Chartered Accountants
(Registration No. 117366W)
(A. Siddharth)
Partner
Membership No. 31467
Mumbai, dated: 14 th May, 2012