Jagsonpal Finance & Leasing Ltd

BSE: 530601 | NSE:  | ISIN: INE582C01015 
Market Cap: [Rs.Cr.] 1.31 | Face Value: [Rs.] 10
Industry: Finance & Investments

Director's Report
DIRECTORS REPORT

Your Directors have pleasure in presenting the 23rd Annual Report of the Company forthe financial year ended on 31st March, 2014.

FINANCIAL RESULTS:

(Rs. Lacs)

Current Year

Previous Year

Gross Income 11.84 6.22
Gross Profit/(Loss) (2.32) (6.01)
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.

DIVIDEND

Directors recommended no dividend.

FIXED DEPOSITS

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.

DIRECTOR

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 statutoryauditor’s 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.

CORPORATE GOVERNANCE

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.

ACKNOWLEDGEMENT

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
   
Futures & Options Quote
Future Data Not present
Key Information

Key Executives:

Kanwarpal Singh Kochhar , Chairman & Managing Director

Davinder Bir Kochhar , Director

Gurmeet Singh , Director

Gurpreet Singh , Director


Company Head Office / Quarters:

D 45 GRD FLRPAMPOSH ENCL.GRE.,,
KAILASH I,
,
Delhi-110048
Phone : Delhi-91-11-41633812 / Delhi-
Fax : Delhi-91-11-26238849 / Delhi-
E-mail : jagfin@airtelmail.in
Web : http://www.jagsonpal.co.in

Registrars:

Mas Services Limited
T-34 2nd Floor,Okhla Industrial Are,Phase II,New Delhi - 110020

 
Fund Holding
Scheme Name No. of Shares
 
 
Better Investment Avenue

Check whether Taxed / Tax free investment avenue is better for you

  Taxed Avenue Tax-Free Avenue
Investment amount (Rs.)  
Tenure of Investment (years)  
Interest earned (% p.a)
Compounded every
Your tax bracket (%)