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Moneycontrol

Budget 2021

Associate Partners:

  • SMC Samsung Volvo
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S I Capital and Financial Services Ltd.

BSE: 530907 | NSE: | Series: NA | ISIN: INE417F01017 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Jan 22, 16:00
22.55 -1.15 (-4.85%)
Volume
AVERAGE VOLUME
5-Day
2,060
10-Day
1,140
30-Day
790
600
  • Prev. Close

    23.70

  • Open Price

    24.85

  • 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

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S I Capital and Financial Services is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2009 2004

Director’s Report

Dear Members, The Directors have pleasure in presenting the 20th Annual Report together with the Audited financial statements of your Company for the year ended 31st March, 2014. FINANCIAL HIGHLIGHTS The highlights of the financial performance of the Company are as follows: ( Rs. in Lakhs) Particulars Year Ended Year Ended 31.03.2014 31.03.2013 Total Income 24.03 28.60 Total Expenditure 18.40 20.99 Profit / (Loss) before depreciation 5.63 7.61 Less: Depreciation 1.92 0.48 Profit / (Loss) after Tax 1.93 4.01 Paid Up Capital 300.00 300.00 OPERATIONS The Directors are very keen to convert the idle asset like the property at Cochin to cash to improve the liquidity and to carry on the core business of the company. The Company is taking all possible efforts to improve the performance and achieve better results in future years. DIVIDEND In view of insufficient Profits, Your Directors do not recommend any dividend for the financial year ended 31st March 2014. INDUSTRY STRUCTURE & DEVELOPMENT The Company''s activity is mainly dealing in foreign exchange transactions. OPPORTUNITIES & THREATS Due to heavy competitions in forex market, margins in foreign exchange transactions have been reduced and the Company is taking all possible efforts to perform better and also been very careful and selective when doing sales as creditably factor is of most importance. INTERNAL CONTROL SYSTEMS & ADEQUACY Suitable control measure has been put in place and periodic checks are done to ensure norms are followed. The Company has adequate internal control procedures commensurate with the size of the company and the nature of its business. OUTLOOK The Management is exploring avenues of diversified lines of business activity as the income generated from Money Changing Business does not seems attractive due to heavy competition. The Company has looked at consolidating its position and checking various options and avenues for increasing business and improving the performance of the Company. Since the hotel project as mentioned in the last report, is still in the stage of completion, we are still contemplating to invest on this project. DIRECTORS Mr. Sanjay Arjundas Wadhwa (DIN: 00203083) Director is liable to retire by rotation and being eligible offers himself for re-appointment. AUDITORS The Auditors of the Company M/s. Sudhindran & Co, Chartered Accountants, Chennai (bearing Firm Reg No.006019S) retire at the conclusion of this meeting and being eligible offer themselves for re- appointment to hold office till the conclusion of the next Annual General Meeting. PARTICULARS OF EMPLOYEES AS PER SECTION 217(2A) & INFORMATION PURSUANT TO SECTION-217(2AA) OF THE COMPANIES ACT, 1956 There are no employees drawing remuneration in excess of the limits specified under Section-217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975. The Company has maintained cordial relationship with its employees throughout the year. None of the Directors of the company are disqualified from being appointed as a Director under Section-274(1) (g) of the Companies Act, 1956. DIRECTORS RESPONSIBILITY STATEMENT U/S.217 (2AA) OF THE (COMPANIES AMENDMENT) ACT, 2000, INDICATING THEREIN; i) That in the preparation of the Annual Accounts for the financial year ended 31.03.2014, the applicable accounting standards had been followed along with proper explanation relating to material departures; ii) That the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as on 31.3.2014and of the profit of the company for the financial year ended 31.3.2014. iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; iv) That the directors had prepared the annual accounts for the financial year ended 31.03.2014 on a going concern basis. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUTGO A. Conservation of Energy - Not Applicable B. Technology Absorption - Not Applicable C. Foreign Exchange Earnings and Outgo - Nil DEPOSITORY SYSTEM Pursuant to the directions of the Securities and Exchange Board of India, the company''s Securities have been dematerialised and also admitted into National Securities Depository Limited and has been allotted with ISIN - INE417F01017. CORPORATE GOVERNANCE The Corporate Governance Report as set out in Annexure hereto forms an integral part of this Report. A Certificate from the Auditors of the company certifying compliance of the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement with Stock Exchanges is also annexed to the Report on Corporate Governance. PUBLIC DEPOSITS The Company has not accepted any Public Deposits during the year. STATEMENT PURSUANT TO LISTING AGREEMENT The Company''s shares are listed with Madras Stock Exchange and Stock Exchange Mumbai. Your company has paid the Annual listing Fees up-to-date and there are no arrears with the respective stock exchange(s). FUTURISTIC STATEMENTS This analysis may contain certain statements, which are futuristic in nature. Such statements represent the intentions of the management and the efforts being put in by them to realize certain goals. The success in realizing these goals depends on various factors, both internal and external. Therefore the investors are requested to make their own independent judgments by taking into account all relevant factors before any investment decision. ACKNOWLEDGEMENT Your director''s place on record the valuable services rendered by the Company''s Shareholders employees, Bankers and other agencies associated with the company. The Board looks forward to their continued support in our future endeavours. For & On Behalf of the Board of Directors Sd/- Sd/- Place: Chennai V.A.Kurien Sanjay Arjundas Date : 01.07.2014 Wadhwa

Director’s Report