Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • State Bank of India
  • CoinSwitch Kuber

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
State Bank of India
CoinSwitch Kuber
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Jay Bharat Maruti Ltd.

BSE: 520066 | NSE: JAYBARMARU |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE571B01028 | SECTOR: Auto Ancillaries

BSE Live

Jan 28, 15:40
179.35 -0.25 (-0.14%)
Volume
AVERAGE VOLUME
5-Day
6,081
10-Day
7,558
30-Day
4,639
5,772
  • Prev. Close

    179.60

  • Open Price

    181.55

  • Bid Price (Qty.)

    178.50 (1)

  • Offer Price (Qty.)

    182.50 (6)

NSE Live

Jan 28, 15:56
178.75 -0.45 (-0.25%)
Volume
AVERAGE VOLUME
5-Day
94,712
10-Day
87,794
30-Day
58,509
67,663
  • Prev. Close

    179.20

  • Open Price

    180.20

  • Bid Price (Qty.)

    178.75 (5116)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
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Director’s Report

The Directors Have pleasure in presenting the 20th Annual Report of your Company together with the Audited Statement of Accounts for the financial year ended 31st March 2007. Financial Results (Rs. in Million) Particulars 2006-07 2005-06 Sales and other Income (Gross) 6249.55 5135.88 Profit Before Tax 185.19 147.26 Provision for Tax 65.45 51.85 Profit After Tax 119.74 95.41 Balance Brought Forward From Previous Year 297.05 233.24 Profit available for Appropriation 416.79 328.65 Appropriation: Proposed Dividend 21.65 18.94 Dividend Tax 3.68 2.66 Transferred to General Reserve 20.00 10.00 Balance carried to Balance Sheet 371.46 297.05 Business Performance Your company is a joint venture with Maruti Udyog limited (MUL) and MUL is its main customer. During the year under review, MUL has recorded a growth of 16.75 % in volumes. However your company has recorded its growth in line with growth of auto leader. Your company has recorded Gross sales & other income of Rs. 6249.55 million which is 21.68 % increase over the last year. The Net sales also increased by 21.15% over the last year. Further your Company has recorded profit before tax of Rs. 185.19 million (PY: Rs 147.26 million) and profit after tax of Rs. 119.74 million (PY: Rs. 95.41 million) thereby posting a growth of 25.76% and 25.50% over last year respectively. The operational & financial performance of the Company is discussed in detail in Management Discussion and Analysis (forming part of this report). Expansion Your Company is continuously expanding its facilities to cater the requirements of its main customer Maruti Udyog Limited (MUL). During the year the Company has set up new axle line for a new model of MUL in technical assistance from Futaba Corporation, Japan. The Company has already successfully completed the trial runs for the new axle line. Further, a new press line with 1000 ton lead Press with link drive has been installed to enhance pressing capacity. The New plant at Manesar has started its operation which primarily consist of weld shop to cater the requirement of Maruti Udyog Limited, Manesar Plant. Allotment of Bonus Shares To reward our esteemed shareholders your Directors declared bonus shares during the year in the proportion of one Equity share for every one Equity share held by capitalizing the part of General Reserve Account. The new shares have since been allotted and issued/ credited to the respective shareholders/beneficiaries and have been listed at the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. Dividend Your Directors are pleased to recommend a dividend of Re. 1/- per equity share of Rs. 5/- each for your approval for the financial year 2006-2007. The total amount of dividend outgo (including dividend tax) will be Rs. 25.33 million, if approved by the members. The dividend income is tax free in the hands of shareholders. Awards/Certification During the year under review your Company has bagged Commendation for Significant Achievement award from CII - Exim Bank for 2006. Directors Mr. S.D.S. Mongia and Mr. D.P. Agarwal, Directors of the Company would retire by rotation at the ensuing Annual General Meeting. 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 annual accounts for the financial year ended 31st March 2007, the applicable Accounting Standards had been followed along with proper explanation relating to material departures; II. that appropriate accounting policies have been selected and applied 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 as at 31st March 2007 and of the profit of the Company for the period ended 31st March 2007; III. that proper and sufficient care has been taken for 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 annual accounts for the year ended 31st March 2007 have been prepared on a going concern basis. Management Discussion and Analysis Report A detailed Management Discussion and Analysis Report, pursuant to Clause 49 of the Listing Agreement is annexed hereto, forming part of this Report. Corporate Governance Pursuant to clause 49 of the Listing Agreement with the Stock Exchanges, a report on Corporate Governance along with Auditors Certificate on its compliance Report is annexed hereto, forming an integral part of this report. Auditors The Auditors M/s Mehra Goel &. Co. will retire at the conclusion of the ensuing Annual General Meeting and offer them-selves for re-appointment on being eligible. The Company has received a certificate from the Auditors to the effect that the re-appointment, if made, would be in accordance with Section 224(1B) of the Companies Act, 1956. The Board recommends their re-appointment. The observations of the Auditors have been explained wherever necessary in the appropriate notes to the Accounts and do not call for any further comments. Information pursuant to Section 217(1)(e) of the Companies Act 1956 The information required under Section 217(l)(e) read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules 1988, is given in Annexure - I and forms an integral part of this Report. Particulars of Employees Information required under Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended is given in Annexure - II and forms an integral part of this Report. Listing The shares of your Company continued to be listed at Bombay Stock Exchange Limited and National Stock Exchange of India Limited. Listing fee has already been paid for the financial year 2007-08. Further annual custodial fee has also been paid to NSDL and CDSL. The voluntary delisting application is still pending at the Calcutta Stock Exchange. Corporate Social Responsibility As a responsible corporate citizen your company persued / initiated various activites to meet its social commitments During the year the following activites are persued/ initiated : 1. Company adopted a Govt. School at Mohammadpur Jharsa, Gurgaon and the following activities took place during the year : a. a separate girls wing has been constructed in primary wing of School and also constructed 8 rooms with all amenities, b. a new tubewell was dug and arrangements have been made for drinking water for the school. 2. Your company also organized a blood donation camp in association with Red Cross Society of India in which 100 employees donated blood. 3. Company also adopted I.T.I. Faridabad and have donated Rs. 1 lac for the development and also contributed 2 drafting machines for the benefit of the students. Industrial Relations The Industrial Relations in the Company remained cordial and peaceful, during the year under review. Acknowledgement Your Directors acknowledge the continued assistance, guidance and Co-operation received from Suzuki Corporation Limited (Japan), Maruti Udyog Limited, Bellsonica Corporation (Japan), Hamamatsu Pipe Co. (Japan), Daiwa Excel (Japan) and Yorozu Corp. (Japan) and Futaba Corporation (Japan). Your Directors also wish to convey their sincere thanks to continued support of the Central Government, State Government, Customers, Bankers, Financial Institutions and Suppliers/Vendors and other business partners and hope to receive the same in future also. Your Directors take note of sincere efforts of all the employees at all levels in attaining the current level of achievements. Your Directors wish to have continued support and guidance in future also to scale new heights. For and on behalf of the Board F. C. Singhal Chairman Place : New Delhi Date : April 16,2007

Director’s Report