BSE: 530601 | NSE: | ISIN: INE582C01015
Market Cap: [Rs.Cr.] 1.27 | Face Value: [Rs.] 10
Industry: Finance & Investments
Your Directors have pleasure in presenting the 23rd Annual Report of the Company forthe financial year ended on 31st March, 2014.
|Depreciation & Impairment||0.00||0.14|
|Profit/(Loss) before tax||(2.32)||(6.15)|
|Profit/(Loss) after tax||(2.32)||(6.15)|
|Brought forward from the previous year||(370.79)||(364.64)|
|Profit available for appropriation||(372.15)||(370.79)|
REVIEW OF PERFORMANCE AND BUSINESS PROSPECTS
During the year, the Company has incurred/suffered a loss of Rs. 0.39 lacs before taxas against the loss of Rs. 6.01 lacs in the previous year. Efforts are also being made toimprove the performance by exploring new avenues of business which are likely to arisewith the passage of time.
Directors recommended no dividend.
During the year, the Company has neither accepted nor invited any deposits and thereare no deposits which are either overdue or unclaimed as on March 31st, 2014.
Mr. Om Parkash Tiwari, Director retires at the ensuing Annual General Meeting and boardrecommends his appoint/ re-appointment.
DIRECTORS RESPONSIBILITY STATEMENT 217(2AA)
In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, yourDirectors confirm having: (i) followed in preparation of the Annual Accounts, theapplicable accounting standards with proper explanation relating to material departures,where applicable ;
(ii) selected such accounting policies and applied them consistently and made judgementand estimates that are reasonable and prudent so as to give a true and fair view of thestate of affairs of the Company as on March 31, 2014 and of the profit or loss of theCompany for the year ended on that period; (iii) taken proper and sufficient care for themaintenance of adequate accounting records in accordance with the provisions of theCompanies Act, 1956 for safeguarding the assets of the Company and for preventing anddetecting fraud and other irregularities; (iv) prepared the annual Accounts for thefinancial year ended March 31, 2014 on a going concern basis. The Audit Committee of yourcompany meets periodically to review the performance, functions and scope of statutoryauditors functions etc.
AUDITORS & AUDITORS REPORT
M/s. P.P. Thukral & Co.,Chartered Accountants (Registration no. 000632N) asStatutory Auditors of the Company, retire at the conclusion of the ensuing Annual GeneralMeeting. The Company has received confirmation from M/s. P.P. Thukral & Co., CharteredAccountants, to the effect that their appointment, if made, will be within the limits asprescribed in Section 139 of the Companies act, 2013. Members attention is invited onNotes on Accounts forming part of Report & Balance Sheet. The Notes are selfexplanatory.
PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGSAND OUTGOING
Information to be given pursuant to section 217(1)(e) of the Companies Act,1956 readwith the Companies (Disclosure of Particulars) rules,1988 are not applicable since thereis no such activity being followed by the Company.
|Foreign Exchange Earnings||Rs. Nil|
|Foreign Exchange Outgo||Rs. Nil|
PARTICULARS OF EMPLOYEES
This information as required by section 217(2A) of the Companies Act, 1956, read withCompanies (Particulars of Employees) Rules, 1975, as amended, be taken as nil and compliedwith.
A separate report on Corporate Governance forms a part of Annual Report along with theAuditors Certificate on its compliance of the conditions of Corporate Governance as also aManagement Discussion & Analysis Report Pursuant to Clause 49 of the Listing Agreementare annexed hereto.
Your Directors would like to express their grateful appreciation for the assistance andco-operation received from the Banks, Government authorities and our Valued customers, andShareholders during the year under review.
|for and on behalf of the|
|Board of Directors|
|Place : New Delhi||(K.P.S. KOCHHAR)|
|Date : 24.05.2014||CMD|
|24-May-14||Jagsonpal Finance & Leasing reports net loss of Rs 0.23 crore in the March 2014 quarter|
|25-Feb-14||Jagsonpal Finance & Leasing reports net profit of Rs 0.14 crore in the December 2013 quarter|
|25-Feb-14||Jagsonpal Finance & Leasing net profit declines 31.12% in the September 2013 quarter|
|25-Feb-14||Jagsonpal Finance & Leasing reports net loss of Rs 0.01 crore in the June 2013 quarter|
|25-Feb-14||Jagsonpal Finance & Leasing reports net loss of Rs 0.05 crore in the March 2013 quarter|
|25-Feb-14||Jagsonpal Finance & Leasing reports net loss of Rs 0.01 crore in the December 2012 quarter|
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Kanwarpal Singh Kochhar , Chairman & Managing Director
Davinder Bir Kochhar , Director
Gurmeet Singh , Director
Gurpreet Singh , Director
Company Head Office / Quarters:
D 45 Gr Flr Pamposh Enclave,
Greater Kailash Part - I,
Phone : New Delhi-91-11-41633812 / New Delhi-
Fax : New Delhi-91-11-26238849 / New Delhi-
E-mail : email@example.com
Web : http://www.jagsonpal.co.in
Mas Services Limited
T-34 2nd Floor,Okhla Industrial Are,Phase II,New Delhi - 110020
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