મેટ્રિક્સ
 
 
આઈએફએસએલ ડિરેક્ટર્સ રિપોર્ટ, આઈએફએસએલ ડિરેક્ટર્સ દ્વારા રિપોર્ટ

આઈએફએસએલ

બીએસઈ: 531998  |  ઍનઍસઈ : N.A  |  ISIN: INE414F01022  |  Finance - General

શોધો આઈએફએસએલ કનેક્શન � Mar 10
ડિરેક્ટર્સ રિપોર્ટ વર્ષાન્ત : Mar '11
The Directors have pleasure in presenting the 25th Annual Report of
 IFSL Limited (the Company), with the audited Statement of Accounts for
 the year ended March 31, 2011.
 
 Company Overview
 
 During the year, the company focused on increasing its profit by
 trading in shares and securities on BSE/NSE and the company is
 confident to achieve the desired goal in future.
 
 Financial Highlights (Rupees in Lacs)
 
 PARTICULARS                       2010-11          2009-10 
                                (RS. IN LACS)   (RS. IN LACS)
 
 Gross Income                     4.95               9.73
 
 Profit before Tax                0.16               0.11
 
 Provision for Taxation           NIL                 NIL
 
 Net Profit / Loss                0.16               0.11
 
 Dividend
 
 The company has not declared any dividend for F.Y 2010-11.
 
 Operational Review
 
 The Company has performed very well during the year under review.
 
 Risk Management
 
 As a financial services company, the Company is committed to ensure
 that effective r k management policies and practices are incorporated
 as fundamental aspects of all its business operations. The Corporate
 Risk Management Group of the Company has a comprehensive risk
 management policy in place, addressing primarily areas such as market,
 credit and operation risks. This policy seeks to minimize the risks
 generated by the activities of the Company. The group continuously
 develops and enhances its risk management and control procedures in
 order to better identify and monitor risks and to proactively take
 appropriate actions to mitigate the same.
 
 Future Outlook
 
 Due to government policies and economic growth in the country, the
 capital market is playing a vital role in the economy of the country
 and more and more investors are attracting towards the capital market
 hence the future prospects of the company are very bright.
 
 Public Deposits
 
 During the year, the Company has not accepted any deposit under Section
 58A of the Companies Act.  1956.
 
 Directors
 
 During the year, Mr. Naresh Rachchh, will retire by rotation at the
 ensuing Annual General Meeting of the Company and being eligible,
 offers himself for re-appointment.
 
 Auditors
 
 The Statutory Auditors, M/s. L. N. Patel & Co. Chartered Accountants
 have to be reappointed in ensuing AGM hence the members of the company
 are requested to consider their re- appointment.
 
 FOREIGN EXCHANGE EARNING AND EXPENDITURE
 
 There were no Foreign Exchange transactions during the year.
 
 PERSONNEL AND OTHER MATTERS
 
 As required by the provisions of Section 217{2A) of the Companies Act,
 1956, read with the Companies (Particulars of Employees) Rules, 1975,
 as amended, the names and other particulars of the employees are not
 given as no employee was coming under the provisions set of section 217
 (2A).
 
 Since the Company does not own any manufacturing activity, the
 disclosure of information relating to conservation of energy and
 technology absorption to be disclosed in terms of Section 217(l)(e) of
 the Companies Act, 1956, read with the Companies (Disclosure of
 Particulars in the Report of Board of Directors) Rules, 1988, are not
 applicable and hence not given.
 
 AUDIT COMMITTEE
 
 The Company has formed an Audit Committee comprising of 3 directors.
 The terms of the reference of the committee are In line with the
 requirements as stipulated u/s 292A of the Co.  Act, 1956 and Corporate
 Governance as stated in Clause 49 of the Listing Agreement.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 The Directors confirm that in preparation of the annual accounts for
 the year ended March 31, 2011 -
 
 1.  the applicable accounting standards had been followed along with
 proper explanation relating to material departures;
 
 2.  they had selected such accounting policies and applied them
 consistently and made;
 
 3.  judgments and estimates that are reasonable and prudent had been
 taken so as to give a true and fair view of the state of affairs of the
 Company at the end of the financial year and of the profit of the
 Company for that period;
 
 4.  they had taken proper and sufficient care for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956, for safeguarding the assets of the company and for
 preventing and detecting fraud and other irregularities; and
 
 5.  they had prepared the annual accounts on a going concern basis.
 
 
 
 CORPORATE GOVERNANCE AND COMPLIANCE
 
 A report on corporate governance is annexed to this report. A
 certificate from Statutory Auditors with regards to the compliance of
 the corporate governance by the company is annexed to this report.
 
 The company has fully complied with all mandatory requirements
 prescribed under clause 49 of the listing agreement. In addition, the
 company has also implemented some of the non mandatory provisions of
 clause 49.
 
 ACKNOWLEDGEMENTS
 
 The Directors thank the clients for the confidence reposed, which has
 enabled the Company in successfully achieving the satisfactory
 performance.
 
 The Directors also thank the Company''s bankers, lenders, the Government
 of India, the Securities and Exchange Board of India, the Reserve Bank
 of India and other statutory authorities for their continued support to
 the Company.
 
 The Directors express their gratitude for the support and guidance
 received from its shareholders.
 
 The Directors also express their sincere thanks and appreciation to all
 the employees for their commendable teamwork, professionalism and
 contribution during the year.
 
                               For and on behalf of the Board
 
                                For IFSL LIMITED
 
                                         Sd/-
 
                                    (SUREKHA SHAH)
 
                                       Chairman
 DATE  : 01-09-2011
 
 PLACE : HWDORE
સ્તોત્ર: રેલીગેર ટેકનોવા


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