To,The Members of KJMC Corporate Advisors (India) Limited
 
 The Directors herewith present the 14th Annual Report, together with
 the audited statement of accounts of the Company for the year ended
 March 31, 2012.
 
 FINANCIAL RESULTS
 
 The performance of the Company for the financial year ended March 31,
 2012 is summarized below:
 
 Standalone Financial Information
 
                                                          (Rs in Lacs)
 
 PARTICULARS                                  Year Ended     Year Ended
                                              31st March,    31st March,
                                              2012           2011
 
 Total Income                                     315.39         128.08
 
 Total Expenditure                                237.31         761.76
 
 Profit/(Loss) Before Depreciation
 
 and Tax                                           78.08       (633.68)
 
 Less : Depreciation                                2.09           2.16
 
 Profit/(Loss) before Tax                          75.99       (635.84)
 
 Provision for Tax
 
 - Current Tax                                     11.40              -
 
 - Deferred Tax                                    19.15         198.74
 
 - MAT Credit                                    (11.40)           6.76
 
 - Prior Period Taxes                                  -         (5.48)
 
 Profit/(Loss)for the period                       56.84       (435.82)
 
 Add: Surplus in Profit and
 Loss Account                                     136.31         572.13
 
 Balance carried to Balance Sheet                 193.15         136.31
 
 Earning per Equity share
 (Face Value Rs 10/-)
 
 Basic (Rs)                                         1.81        (13.90)
 
 Diluted (Rs)                                       1.81        (13.90)
 
 PERFORMANCE REVIEW
 
 During the year under review, your Company earned the Gross Income of
 Rs 315.39 Lacs as against Rs 128.08 Lacs in the previous year. The
 total expenditure during the year under review was Rs 237.31 Lacs as
 against Rs 761.76 Lacs in the previous year. The Net Profit after tax
 for the year was Rs 56.84 Lacs as against Net loss of Rs 435.82 Lacs in
 the previous year.  DIVIDEND
 
 
 In view of inadequacy of profit for the year under review, your
 Directors do not recommend dividend on the Equity Shares for the year
 under review.
 
 DIRECTORS
 
 In accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the Company, Shri Nitin Kulkarni and Shri S.
 C. Aythora, the Directors of the Company are liable to retire by
 rotation at the ensuing Annual General Meeting and being eligible,
 offer themselves for re-appointment.  During the year, Shri R.R. Kumar
 was appointed as an Additional Director of the Company with effect from
 May 24, 2012. Pursuant to the provisions of the Section 260 of the
 Companies Act, 1956, he holds office up to the ensuing Annual General
 Meeting. The approval of the members for appointing Shri R.R. Kumar as
 a Director of the Company is sought at this Annual General Meeting.
 Shri Ghanshyamlal Srivastava was appointed as an Additional Director of
 the Company with effect from November 12, 2011 and he had resigned with
 effect from June 22, 2012.
 
 AUDITORS
 
 M/s. K. S. Aiyar & Co., Chartered Accountants, Mumbai, Statutory
 Auditors of the Company will retire at this annual general meeting and
 are eligible for re-appointment. The Company has received letter from
 M/s. K. S. Aiyar & Co. to the effect that their re-appointment, if
 made, shall be in accordance with section 224(1B) of the Companies Act,
 1956 and that they are not disqualified for such re-appointment within
 the meaning of section 226 of the Companies Act, 1956.
 
 CHANGE OF NAME OF THE COMPANY
 
 Your Company has over a period of time significantly expanded its
 footprint across a wide range of corporate advisory services. Your
 Company would be continuously exploring the emerging opportunities in
 the corporate advisory services segment in future. In order to ensure
 that the name of the Company adequately reflects the nature of business
 activities being carried on by the Company. Pursuant to the approval of
 the members obtained through Postal Ballot on June 25, 2012, the name
 of the Company stands changed from KJMC Global Market (India) Limited
 to KJMC Corporate Advisors (India) Limited with effect from July 2,
 2012.
 
 PUBLIC DEPOSIT
 
 Your Company has neither invited, nor accepted, nor renewed any public
 deposit from the public during the year and there was no outstanding
 deposit payable during the financial year ended March 31, 2012.
 
 SUBSIDIARY COMPANY
 
 Your Company, as part of its activities, has undertaken expansion,
 reorganization and restructuring its business including promoting and
 investing
 
 in equity of other Companies. Accordingly during the financial year,
 two companies viz. M/s KjMc Capital Market Services Limited and M/s
 KJMC Commodities Market India Limited become subsidiaries of your
 Company.  The Company is not attaching copies of the balance-sheet,
 profit and loss account, reports of the Board of Directors and the
 Auditors thereon, in respect of the subsidiaries as required under
 Section 212(1) of the Companies Act, 1956 (the Act) to its
 accounts as per the dispensation available pursuant to the directions
 issued by the Ministry of Corporate Affairs vide general circular no.
 2/2011. However, as required under the aforesaid circular and pursuant
 to Clause 32 of the Listing Agreement, the consolidated financial
 statements for the period ended March 31, 2012 of the Company duly
 audited by the statutory auditors forms part of this Annual Report. The
 Company shall make available, the annual accounts and related
 information of its subsidiaries, to those shareholders who wish to have
 the copies of the same. Further, these documents shall be available for
 inspection by a shareholder at the registered office of the Company as
 well as of its subsidiaries on any working day, except Saturdays,
 between 11.00 a.m. to 3.00 p.m.
 
 CONSOLIDATED FINANCIAL STATEMENTS
 
 Pursuant to Clause 32 of the Listing Agreement entered into with the
 Stock Exchange, your Directors have pleasure in attaching the
 Consolidated Financial Statements for the financial year ended March
 31, 2012, prepared in accordance with the Accounting Standards 21 (AS
 21) prescribed by the Institute of Chartered Accountants of India, in
 this regard.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT UNDER SECTION 217(2AA) OF THE
 COMPANIES ACT, 1956.
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
 confirm that:
 
 1.  In the preparation of annual accounts, the applicable accounting
 standards have been followed along with proper explanation relating to
 material departures;
 
 2.  The Directors have selected such accounting policies and applied
 them consistently and made judgments and estimates that are reasonable
 and prudent so as to give a true and fair view of the state of affairs
 of the Company at the end of Financial Year March 31, 2012 and of the
 lossof the Company for that period.
 
 3.  The Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities;
 
 4.  The Directors have prepared the annual accounts on a going concern
 basis.
 
 CORPORATE GOVERNANCE
 
 The Company has complied with the conditions of Corporate Governance as
 stipulated under Clause 49 of the Listing Agreement with the Stock
 Exchange.  A separate section on Corporate Governance, along with a
 certificate from the Auditors for the compliance is annexed and forms
 part of this report.
 
 MANAGEMENT DISCUSSION AND ANALYSIS
 
 A report on the Management Discussion and Analysis for the financial
 year under review is annexed and form part of this report.
 
 LISTING OF SHARES
 
 The Equity Shares of the Company are listed on BSE Limited. Listing
 fees up to the current financial year 2012 - 2013 has been paid to BSE
 Limited (BSE).
 
 PARTICULARS OF EMPLOYEES
 
 Since, there are no employees falling within the purview of the
 provisions of Section 217 (2A) of the Companies Act, 1956 read with the
 companies (particulars of employees) Rules 1975, no such details, are
 required to be given.  PARTICULARS OF CONSERVATION OF ENERGY,
 TECHNOLOGY ABSORPTION
 
 Since the Company is not a manufacturing Company, the details required
 under Section 217(1)(e) of the Companies Act, 1956 are not applicable.
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 The Company earned of Rs 46.56 Lacs in foreign currency in the Current
 year as compared to Rs Nil in the previous year and incurred expenditure
 of Rs Nil in the current year as compared to Rs Nil in the previous year.
 
 INSURANCE
 
 The Company''s fixed assets as well as current assets have been
 adequately insured.
 
 ACKNOWLEDGMENTS
 
 The Directors wish to place on record their appreciation of the
 contribution made by the executives and employees at all levels for
 their dedication and commitment to the Company throughout the year.
 
 Your Directors also appreciate with gratitude the continuous support of
 the Bankers, Clients and the Company''s Shareholders.
 
                             For and on behalf of the Board of Directors
 
 Place: Mumbai                                                I. C. JAIN
 
 Date: August 02, 2012                                          Chairman