Dear Members,
The Directors have pleasure to submit their Annual Report together
with Audited Accounts and Auditor's Report of the Company for the
financial year ended 31st March, 2014.
FINANCIALHIGHLIGHTS:
The performance of the company for the financial year ended 31st,
March, 2014:
PARTICULARS Year Ending Year Ending
March,2014 March,2013
Amount in Rs. Amount in Rs.
Revenue from Operations 118,256.00 878 407 00
Other Income 89,673.00 -
Total Income 207,929.00 878, 407.00
Less: Total Expenses 121,007.00 117 210 00
Profit before Tax 86,922.00 761 197 00
Less: Taxes 16,563.00 58,166. 00
Profit after Tax 70,359.00 703,031.00
Balance carried to Balance Sheet 70,359.00 703,031.00
RESULT OF OPERATIONS
During the current period of operation, our company has shown a
turnover of Rs.207,929.00. Your Directors report that the working of
the Company for the year under review has resulted in a profit of Rs.
70,359.00 (after tax).
DIVIDEND:
Due to inadequate profits the board did not recommend any dividend.
PERSONNEL:
The Company had no employee during the year under review, who was in
receipt of remuneration in excess of the limit specified under section
217(2A) of the Companies Act, 1956, read with Companies (Particulars of
Employees) Amendment Rules, 2011.
Your Company's work force and management have been working with mutual
respect, co- operation and understanding. The Board wishes to
appreciate the efforts put in by all the categories of employees
towards the progress achieved by the Company during the year.
DIRECTOR:
The Board of Directors is experienced in their respective fields.
APPOINTMENT OF AUDITORS:
The Auditors M/s. RMM & Associates. (FRN: 327045E), Chartered
Accountants, retire at the - forthcoming General Meeting and being
eligible for re-appointment, the Company has received a certificate
from the auditors to the effect that their re-appointment, if made,
would be within the prescribed limits under Section 139 of the
Companies Act, 2013. As regards the observations in the Auditor's
Report the explanations given in the Notes to the Accounts are self-
explanatory.
PUBLIC DEPOSIT:
The company has not accepted any deposit within the meaning of the
section 74 of the Companies Act, 2013.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE
EARNINGS & OUTGOINGS:
The necessary information U/s 217(l)(e) of the Companies Act, 1956 as
required by the Companies (Disclosure of Particulars in the report of
Board of Directors) Rules, 1988 forConservation of Energy, technology
absorption and Foreign Exchange Earnings & Outgoings are not applicable
to the Company.
RESEARCH AND DEVELOPMENT: NIL
AUDITORS REPORT
The Auditors have given their report on the annual accounts of the
Company and there is no reservation or qualification made by them.
The notes given in the Auditors' Report are self- explanatory and need
no further clarification.
PARTICULARS OF EMPLOYEES:
Particulars of employees as required U/s 217(2A) of the Companies Act,
1956 as amended, are not applicable to the Company.
APPOINTMENT/RE-APPOINTMENT OF DIRECTORS:
In accordance with the Articles of Association of the Company and the
provisions of the Companies Act, 1956 with correspondence to the Companies act, 2013, the
Directors of the Company are eligible for retirement by rotation.
CORPORATE GOVERNANCE:
A report on Corporate Governance along with a Certificate from the
Practicing Company Secretaries of the Company regarding the compliance
with conditions of Corporate Governance as also the Management
Discussion and Analysis Report as stipulated under Clause 49 of the
Equity Listing Agreement are annexed to this Report.
PARTICULARS OF EMPLOYEES:
Particulars of employees as required U/s 217(2A) of the Companies Act,
1956 as amended, are not applicable to the Company
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to the requirements of the provisions of Section 217(2AA) of
the Companies Act, 1956, your Director Confirms as under:
I. That in the preparation of the annual accounts the applicable
accounting standards has been followed along with proper explanation
relating to material departure;
II. That 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 the financial year viz., March
31, 2014 and of the profit of the Company for the year ended on that
date;
III. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records, in accordance with the
provisions of the Act, for safeguarding the assets of the Company and
for preventing and detaching fraud and other irregularities;
IV. That the directors have prepared the annual accounts ongoing
concern basis.
EXTRACTS OF ANNUAL RETURN FOR THE FINANCIAL YEAR ENDED ON 31.03.2014:
I. REGISTRATION AND OTHER DETAILS:-
* CIN: - L65929WB1941PLC010731
* Registration Date: - 22/09/1941
* Name of the Company: - Rajputana Investment & Finance Ltd
* Category/Sub Category of the Company: - Limited By Shares/Indian Non-
Government Company
* Address of Registered office and contact details: - 98/7A, Harish
Mukherjee Road, Kolkata- 700025
* Listed Company: - Yes
II) Registrar & Transfer Agent:-
Name Address Contact Details
IN- HOUSE
REMUNERATION OF DIRECTORS AND KEY MANEGERIAL PERSONNEL:
Company is not paying remuneration to its Directors and KMP's. The
Company is not paying any sitting fees to its Independent Director.
PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:
Company is not having any penalties and punishment neither on itself
and nor on its directors
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
As required under Clause 49 of the Equity Listing Agreement with the
Stock Exchanges, the Management Discussion and Analysis of the
financial condition and results of consolidated operations of the
Company under review, is annexed and forms an integral part of the
Director's Report.
ACKNOWLEDGEMENT
Lastly your Directors acknowledge the management team and executive
staff who are instrumental to the growth of the Company. They also
express their deep admiration and gratitude for the support and
co-operation extended by the clients, bankers, investors, shareholders,
and the media for their unwavering support through the years. Your
Directors also wish to thank the employees at all levels, who through
their sheer commitment, sense of involvement, utmost dedication and
continued perseverance enabled the Company to achieve the overall
development, growth and prosperity.
Place: Kolkata
Date: 30.05.2014 By Order of the Board of Directors
For Rajputana Investment & Finance Ltd
Registered Office: Sd/-
98/7A, Harish Mukherjee Road, Ajay Agarwal
Kolkata- 700025 Director |