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Brijlaxmi Leasing & Finance Ltd.

BSE: 532113 | NSE: | Series: NA | ISIN: INE957E01031 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Jun 05, 16:00
0.49 -0.02 (-3.92%)
Volume
AVERAGE VOLUME
5-Day
452
10-Day
345
30-Day
418
300
  • Prev. Close

    0.51

  • Open Price

    0.49

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Brijlaxmi Leasing & Finance is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2004

Director’s Report

The Members, The Directors have pleasure in presenting the TWENTY FIRST Annual Report of the Company together with the Audited Accounts for the Financial Year ended 31st March 2014. FINANCIAL RESULTS Financial results of the company during the year vis-a-vis previous year are as follows: - (Rs. In Lacs) Year Ended Year Ended 31.03.2014 31.03.2013 Total Income 7.33 23.14 Profit / (loss) before Depreciation and Tax (11.56) 2.78 Less: Depreciation 2.98 3.42 Profit / (loss) before Tax (14.55) (0.63) Less: Provision for Deferred Tax 1.7 0 .54 Profit / (loss) after Tax (12.85) (0.09) Balance brought forward from previous years (360.49) (360.40) Transfer to Statutory Reserve - - Balance carried to Balance Sheet (373.34) (360.49) DIVIDEND In view of brought forward losses, the directors do not recommend any dividend for the year ended 31st March, 2014. PERFORMANCE Year 2013-14 encompassed mixed fortunes for the Indian economy. In the initial months it showed good prospects of growth but in the later part of the year it started showing gloomy signals for growth. Persistently rising inflation started taking draconian shape that prompted RBI to take stern steps to check its impact on the economic growth of India. Interest rates started climbing upwards at almost every RBI policy meet. This in turn dampened the financial market sentiments. At the global scenario, US got into clutches of double-dip depression fears and Euro zone never could get out of the sovereign debt crisis as such. The uncertainty again started gripping the global financial market. All these factors had adverse impact on the business environment in general and as a result the Company could not maintain its profitability. CORPORATE GOVERNANCE Being a Listed Company, adequate measures are taken to comply with the Listing Agreements with the Stock Exchanges. A report on the Corporate Governance together with a certificate of compliance from the Auditors, forms part of this report. PUBLIC DEPOSITS The company has not accepted any deposits within the meaning of Section 58A of Companies Act, 1956 and/or rules framed there under. 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: - That in the preparation of annual accounts for the financial year ended 31st March, 2014, the applicable accounting standards have been followed along with proper explanation relating to material departures; - That the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 profit of the company for the year under review; - 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; - That the directors have prepared the accounts for the financial year ended 31st March 2014 on a ''going concern'' basis. STATUTORY AUDITORS M/s Dinesh Bangar & Co, Chartered Accountants Auditors of the company, retire from the office of the Auditors at the ensuing Annual General Meeting and being eligible have given a certificate in accordance with the provisions of section 224 (1-B) of the Companies Act, 1956. The Board recommends the re-appointment of M/s. Dinesh Bangar & Co, Chartered Accountants as the Auditors. PARTICULARS OF EMPLOYEES There is no employee covered pursuant to Section 217(2A) of the companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975 as amended. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO In view of the nature of activities are being carried on by the Company, Rules 2A and 2B of the Companies (Disclosures of Particulars in the Report of Board of Directors) Rules, 1988, concerning conservation of energy and research and development and technology absorption respectively are not applicable to the Company FOREIGN EXCHANGE EARNING AND OUTGO Earnings : Nil Outgo : Nil ACKNOWLEDGEMENT The Directors takes this opportunity to thanks all its colleagues at Brijlaxmi Leasing & Finance Ltd. for their professionalism and dedication to the task at hand. The board also wishes to place on record its appreciation for valuable support given by the Bankers, Clients and Shareholders. For and on behalf of the Board of Directors J.K. Chaturvedi Vadodara 2nd September 2014 Director

Director’s Report