મેટ્રિક્સ
 
 
મુદિત ફિન લીઝ ડિરેક્ટર્સ રિપોર્ટ, મુદિત ફિન લીઝ ડિરેક્ટર્સ દ્વારા રિપોર્ટ

મુદિત ફિન લીઝ

બીએસઈ: 531919  |  ઍનઍસઈ : N.A  |  ISIN: INE220D01010  |  Finance - Investments

શોધો મુદિત ફિન લીઝ કનેક્શન � Mar 14
ડિરેક્ટર્સ રિપોર્ટ વર્ષાન્ત : Mar '15
To The Members,
 
 The directors take pleasure in presenting the Twenty Seventh Annual
 Report of the Company along with the Audited Statement of Accounts for
 the year ended 31st March 2015.
 
 FINANCIAL RESULTS                                      (Rs. in Lacs)
 
                                                  2014-15     2013-14
 
 Profit/(Loss) before Interest, Depreciation 
 and Taxes                                         162.90       80.12
 
 Less: Interest                                     32.81        3.98
 
 Profit/(Loss) before Depreciation, NPA''s and 
 Taxes                                             130.09       76.14
 
 Less: Depreciation                                 36.41       26.83
 
 Profit/(Loss) before Taxation                      93.68       49.31 
 
 Less: Provision for Income Tax 
 
 Current Tax                                        17.98        7.07
 
 Deferred Tax                                        2.08        3.88
 
 MAT Credit                                          0.16       (7.04)
 
 Profit/(Loss) after Taxation                       73.46       45.40
 
 CLOSING BALANCE                                   199.29      102.01
 
 DIVIDEND
 
 It is endeavor of your Company to make optimum use of its funds for
 ongoing setup, Expansion and Working Capital requirements. Keeping in
 mind the aforesaid factors your Directors have decided not to recommend
 any Dividend for the year ended 31st March 2015.
 
 CURRENT YEAR WORKING
 
 During the year your Company registered a total revenue of Rs. 2745.98
 Lacs compared to previous year''s revenue of Rs. 2385.22 Lacs.
 
 Depreciation for the year was Rs. 36.41 Lacs (Previous year Rs. 26.83
 Lacs).  The provision for taxation during the year was Rs. 20.22 Lacs.
 Profit before tax was Rs. 93.68 Lacs.
 
 DIRECTORS AND KEY MANAGERIAL PERSONNEL
 
 In accordance with the provisions of the Companies Act, 2013 and the
 Articles of Association of the Company, Mr. Pavel Garg (DIN-00085167)
 and Mr. Y. Hari Shankar (DIN-02015385), Directors of the Company,
 retire by rotation at the ensuing Annual General Meeting and being
 eligible, offer themselves for re-appointment.
 
 The Company has received declarations made by all the Independent
 Directors of the Company confirming that they meet the criteria of
 independence as prescribed under Section 149(6) of the Companies Act,
 2013 and other applicable provisions.
 
 The Company has devised a Policy for performance evaluation of
 Independent Directors, Board, Committees and other individual Directors
 which includes criteria for performance evaluation of the non-executive
 directors and executive directors.
 
 CORPORATE GOVERNANCE
 
 Your Company has been practising the principles of sound corporate
 governance.  In addition to this, the Board lays strong emphasis on
 transparency, accountability and integrity.
 
 A report on Corporate Governance and Management Discussion and Analysis
 along with a certificate from the Auditors of the Company regarding the
 compliance of Corporate Governance as per clause 49 of the Listing
 Agreement is annexed to and forms part of this report.
 
 AUDITORS
 
 M/s. G. K. Kedia & Co., Chartered Accountants, New Delhi retires at the
 conclusion of the ensuing Annual General Meeting and being eligible
 offer themselves for re- appointment.
 
 DELISTING OF SECURITIES OF THE COMPANY FROM DELHI STOCK EXCHANGE
 LIMITED
 
 The Board proposed delisting of securities of our Company from Delhi
 Stock Exchange Ltd.
 
 SECRETARIAL AUDITORS
 
 The Board has appointed M/s. Vikas Kumar Sharma, Practising Company
 Secretaries, New Delhi (CP No. 12303), to conduct Secretarial Audit for
 the financial year 2014-15. The Secretarial Audit Report for the
 financial year ended March 31, 2015 is annexed herewith marked as
 Annexure I to this Report. The Secretarial Audit Report does not
 contain any qualification, reservation or adverse remark.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section 134(5) of the Companies Act,
 2013, with respect to Directors'' Responsibility Statement, it is hereby
 confirmed that:
 
 a) All the applicable accounting standards alongwith proper explanation
 relating to material departures had been followed in the preparation of
 the annual accounts:
 
 b) The directors had 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 and of the Statement of
 Profit and Loss of the Company for the said period:
 
 c) The directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act 2013 for safeguarding the assets of the
 Company and for preventing and detecting fraud and other
 irregularities:
 
 d) The Directors have prepared the Annual Accounts on a going concern
 basis:
 
 e) The Directors, had laid down internal financial controls to be
 followed by the Company and that such internal financial controls are
 adequate and were operating effectively: and f) The Directors had
 devised proper systems to ensure compliance with the provisions of all
 applicable laws and that such systems were adequate and operating
 effectively.
 
 FIXED DEPOSITS
 
 Your Company does not accept fixed deposits from public and to this
 effect an undertaking is given to the Reserve Bank of India.
 
 EXTRACT OF ANNUAL RETURN
 
 Extract of Annual Return of the Company is annexed herewith as Annexure
 II to this Report.
 
 PARTICULARS OF EMPLOYEES
 
 As on 31st March, 2015, none of the employees were in receipt of
 remuneration in terms of the provisions of Section 197(12) of the Act
 read with Rules 5(2) and 5(3) of the Companies (Appointment and
 Remuneration of Managerial Personnel) Rules, 2014.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNING AND OUTGO
 
 Since the Company is in Finance Sector and does not do any
 manufacturing activity, the information required to be disclosed under
 the Companies Act, 2013, particulars regarding Conservation of Energy
 and Technology Absorption are not applicable to the Company.
 
 There has been no foreign exchange earnings and outflow during the year
 under report.
 
 E-VOTING
 
 The Company will provide e-Voting facility to all members to enable
 them to cast their votes electronically on all resolutions set forth in
 the notice. This is pursuant to Section 108 of The Companies Act, 2013
 and Rule 20 of the Companies (Management and Administration) Rules,
 2014. The instructions for e-Voting will be provided in the Notice.
 
 ACKNOWLEDGEMENT
 
 Your Directors acknowledge with deep sense of appreciation the
 encouragement, support and co-operation received by the Company from
 its Bankers, shareholders and esteemed customers and look forward to
 their continued support in the future.  The Board of Directors also
 express their sincere gratitude for the devoted services rendered by
 the Bankers, staff and executives.
 
                                    For and on behalf of the Board 
 
 Place: New Delhi                                       PAVEL GARG
 
 Dated: 29th May, 2015                           Managing Director
સ્તોત્ર: રેલીગેર ટેકનોવા


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