મેટ્રિક્સ
 
 
લ્યોડ્સ ફાઇનાન્સ ડિરેક્ટર્સ રિપોર્ટ, લ્યોડ્સ ફાઇનાન્સ ડિરેક્ટર્સ દ્વારા રિપોર્ટ

લ્યોડ્સ ફાઇનાન્સ

બીએસઈ: 507870  |  ઍનઍસઈ : LLOYDFIN  |  ISIN: INE174A01015  |  Finance - Leasing & Hire Purchase

શોધો લ્યોડ્સ ફાઇનાન્સ કનેક્શન � Mar 12
ડિરેક્ટર્સ રિપોર્ટ વર્ષાન્ત : Mar '13
To the Members,
 
 The all are aware that the Hon''ble High Court of Bombay has appointed
 a Special Committee to take charge of the management and affairs of the
 Company vide its Order dated 12th March, 2004. With the permission of
 the Special Committee, your Directors are presenting the 26th Annual
 Report of the Company with the Audited Statement of Accounts for the
 financial year ended 31st March, 2013.
 
 1.  Financial Results
 
 The Financial Results of the Company for the year under review are
 summarized for your consideration:-
 
                                                      (Rs. in Lacs)
 
                                             31.03.2013    31.03.2012
 
 Gross Income                                    143.98        117.65
 
 Expenditure                                     239.27        302.10
 
 Write-offs                                     6125.58       1753.59
 
 Profit / (Loss) for the year before tax       (6220.87)     (1938.04)
 
 Profit / (Loss) for the year after tax        (6220.87)     (1938.04)
 
 Balance of (Loss) brought forward             34527.34      32590.76
 
 Income Tax refund of earlier years                0.00          1.46
 
 Balance of (Loss) carried forward            (40748.21)    (34527.34)
 
 2.  Dividend
 
 In view of the losses the Directors have not recommended any Dividend
 for the year ended 31st March, 2013.
 
 3.  Fixed Deposit
 
 The Company has neither accepted fresh deposits nor renewed the
 existing deposits during the year under review. Outstanding deposits
 from public as on 31-3-2013 stood at Rs.11.00 Crore (Previous Year
 Rs.111.25 Crore).
 
 Pursuance to the responsibility vested by the Hon''ble High Court of
 Bombay, the Special Committee alongwith the Learned Amicus Curiae
 (appointed by the Hon''ble High Court of Bombay vide its order dated
 14/03/2007), formulated comprehensive Scheme of Repayment to all class
 and categories of fixed deposit holders on the basis of availability of
 fund and future recoveries from the debtors of the company. The Hon''ble
 High Court of Bombay vide its order dated 09,h February, 2012 has
 sanctioned the Scheme of Repayment to Fixed Deposit Holders. The
 repayment in pursuance of the scheme to the deposit holders shall be
 made category-wise as under:
 
 Principal deposit amount upto Rs.10,000A @55%, from Rs. 10,001/- to
 Rs.25,000/- - @45%, Rs.25,001/- to Rs.50,000/- - @35%, Rs.50,001/- to
 Rs.1,00,000/- - @30% and Rs.1,00,001/- and above - @25%.
 
 The scheme does not provide for payment of any interest on any category
 of fixed deposits. The repayment against fixed deposit shall be made
 only to the extent of percentage approved by the Hon''ble High Court
 of Bombay after deducting any amount, if already partly repaid.
 However, if any fixed deposit has been paid in excess of its
 eligibility amount under the scheme, depositor shall not be paid any
 further amount.
 
 The Company invited claims from Fixed Deposit Holders through an
 advertisement in leading newspapers in 39 cities in 19 states. The
 Fixed Deposit Holders had been advised to lodge their claims on or
 before 16th May, 2012. The Special Committee has commenced payment
 after adjudication of claims on the basis of availability of funds and
 in terms of the Scheme.
 
 Inspite of concerted efforts under directions of Special Committee to
 make aware the depositors in large about the Scheme'' approved by
 Hon''ble High Court of Bombay, the number of claims received from
 depositors are much less in numbers, but are within range of funds
 available.  The Special Committee has also regularly informed all
 authorities such as RBI, SEBI,.  Registrar of Companies, Ministry of
 Company Affairs, various courts, etc. about the Scheme of payment to
 depositors approved by Hon''ble High Court of Bombay.  The
 communication with above authorities has enabled large number of
 depositors to lodge claims with Special Committee for adjudication. The
 details of Scheme is also available on website of the company under
 Annual Report. Eventhough the Special Committee had fixed last date for
 submission of claims as 16th May, 2012, the company was directed to
 accept claims for extended period. It is more than 1 (one) year of
 announcement of Scheme for Fixed Deposit Holders to lodge claim, there
 are comparatively less number of claims received.  All claims received
 during the period have been paid in terms of the Scheme.
 
 It is pertinent to inform that pursuant to the Scheme of repayment to
 Fixed Deposit Holders sanctioned by Hon''ble High Court of Bombay vide
 order dated 9th February, 2012 to repay part of principal amount as
 enumerated above. Consequent to the order, the principal liability of
 outstanding toward Fixed Deposits is reduced by Rs.63.91 crores. This
 amount has been transferred to Capital Reserve. The resultant liability
 then was reduced to Rs.47.34 crores. After due deligence, it was
 observed that the claims of large number of Fixed Deposit Holders, due
 from the year 1999 have not been lodged with the company.  Therefore,
 it is thought fit and proper to reflect the liability of Fixed Deposit
 Holders within the strength and estimates of claims likely to be
 received and on the basis of estimated inflow of funds. In view of
 this, the Fixed Deposit liability to the tune of Rs.36.34 crores has
 been reduced and remitted to reserves.
 
 4.  Banks & Financial Institutions borrowings
 
 The Directors wish to inform that only one institutional creditor i.e.
 Gujarat State Financial Corporation (GSFC) has outstanding term loan
 amounting to Rs.670.98 lacs, for which efforts are being made by the
 Special Committee to arrive at One Time Settlement in tandem with
 settlement with other Banks and Financial Institutions. In view of
 this, the liability of GSFC works out to Rs.60 lacs and the balance has
 been accordingly transferred to remission of liabilities. The Special
 Committee has submitted its report on repayment to GSFC to Hon''ble
 High Court of Bombay and directions of Hon''ble High Court of Bombay
 are awaited.
 
 5.  Debentures
 
 As regards the liability of Non-convertible debentures, the Hon''ble
 High Court of Bombay vide its order dated 27/09/2010 in Company
 Petition No. 926 of 2009 u/s 391 of the Companies Act, 1956 has
 approved Scheme of Compromise with Public Issue Debenture Holders.  The
 claims of debenture holders received, so far have been satisfied as per
 terms and conditions of the Scheme approved by Hon''ble High Court of
 Bombay.
 
 6.  Statutory Information
 
 There were no employees during the year ended 31st March, 2013 in
 respect of whom the particulars are required to be disclosed with
 reference to Section 217(2A) of the Companies Act, 1956.
 
 The Companies (Disclosure of Particulars in the Report of Board of
 Directors) Rules, 1988, require disclosure of particulars regarding
 Conservation of Energy in Form A and Technology Absorption in Form B
 prescribed by the rules. The Company, not being a manufacturing company
 is advised that Form A and B are not applicable to it. The Company had
 no Foreign Exchange earnings and outgoings during the year under
 review.
 
 7.  Directors
 
 The Government of India, Ministry of Corporate Affairs vide letter
 dated 26/12/2011 approved the re-appointment of Shri Pankaj R. Desai as
 Managing Director for a period of 5 (five) years w.e.f. 1/11/2011 u/s
 269, 198/309, 310, 387 and 637AA of the Companies Act, 1956.
 
 Shri Puran Chandra Soni, Director of the Company retires by rotation at
 the ensuing Annual General Meeting and being eligible, offers himself
 for re- appointment.
 
 8.  Directors'' Responsibility Statement
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 Act, 1956, with respect to Directors'' Responsibility Statement, it is
 hereby confirmed:
 
 (i) That in the preparation of the accounts for the financial year
 ended 31st March, 2013, the applicable accounting standards have been
 followed along with proper explanation relating to material departures;
 
 (ii) That the Directors have selected such accounting policies and
 applied them consistently and made judgements-and estimated that were
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the Gompany at the end of the financial year and of the
 profit or loss of the Company for the year under review;
 
 (iii) That the Directors have 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;
 
 (iv) That the Directors have prepared the accounts for the financial
 year ended 31st March, 2013 on a going concern basis.
 
 9.  Auditors'' Observations
 
 The observations of the Auditors are in the nature of general
 disclosures, .which read together with the accounting policies and the
 relevant notes to the accounts, are self-explanatory.
 
 10.  Auditors 
 
 The members are requested to appoint Auditors and fix their
 remuneration.
 
 11.  Corporate Governance
 
 Pursuant to the revised Clause 49 of the Listing Agreement, your
 Company has taken adequate steps to ensure that- all mandatory
 provisions of Corporate Governance as prescribed under the Listing
 Agreement of the Stock Exchanges with which the Company is listed are
 complied with.
 
 A separate report on Corporate Governance and the Auditor''s
 Certificate on its compliance are annexed hereto and forms part of this
 Annual Report.
 
 12.  Acknowledgement
 
 The Board wishes to express its deep appreciation to the Banks and
 Financial Institutions and various other agencies for their
 co-operation and to all staff members for the efficient and loyal
 sen/ices rendered by them.
 
                                  For and on behalf of the Board
 
                                         (Basant Bhoruka) 
 
                                              Chairman  
 
 Place: Mumbai 
 
 Date : 14th May, 2013.
સ્તોત્ર: રેલીગેર ટેકનોવા


ન્યૂઝ ફ્લૅશ

  • સન ફાર્મા અમેરિકામાં Imatinib Mesylate લોન્ચ
  • કારોબાર : શૅર્સ સંબધિત પ્રશ્નો પૂછવા માટે BH (SPACE) STOCK સાથે તમારું નામ અને ફોન નંબર લખીને મેસેજ કરો 51818 પર
  • કારોબાર : BH (SPACE) આપના સ્ટોકની વિગત, સાથે જ આપનું નામ લખી 51818 પર મેસેજ કરો અને અમારા ટોલ ફ્રી નંબર 1800-4190-709 પર કાૅલ કરો અને જવાબ મેળવો અમારા ખાસ શાૅ બજાર હેલ્પલાઇનમાં સોમવારથી શુક્રવાર સવારે 11.30 કલાકે
  • કારોબાર : પર્સનલ ફાઇનાન્સને લગતા તમારા કોઈ પ્રશ્ન હોય તો તમે અમને money@network18online.com પર મોકલી શકો છો. તમારા સવાલના જવાબ મની મૅનેજરમાં આપવામાં આવશે
  • કારોબાર : ચીનના આર્થિક આંકડાઓ જાન્યુઆરી Caixin ફાઈનલ મેન્યુફેક્ચરીંગ PMI 48.2 થી વધી 48.4 (MoM)
  • કારોબાર : US FDAની મંજૂરી મળી ઓરોબિન્દો ફાર્માને ડાયાબિટિશની દવા Saxagliptin માટે મંજૂરી મળી
  • કારોબાર : US FDAની મંજૂરી મળી ડો.રેડ્ડીઝને બેક્ટેરિયલ ઈન્ફેક્શનની દવા ડોક્સીસાયક્લીન માટે મંજૂરી મળી
  • કારોબાર : US FDAની મંજૂરી મળી માઈગ્રેનની દવા Sumatriptan માટે ડો.રેડ્ડીઝને મંજૂરી મળી
  • કારોબાર : જાપાનના આર્થિક આંકડાઓ જાન્યુઆરીમાં મેન્યુફેક્ચરીંગ PMI 52.6 થી ઘટી 52.3 (MoM)
  • કારોબાર : વકરાંગીએ ટાટા AIG જનરલ ઈન્શ્યોરન્સ કંપની સાથે કરાર કર્યા