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Standard Capital Market. Ltd.

BSE: 511700 | NSE: | Series: NA | ISIN: INE625D01010 | SECTOR: Finance - Leasing & Hire Purchase

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Nov 09, 16:00
1.76 0.00 (0.00%)
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30-Day
259
29
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    1.68

  • Bid Price (Qty.)

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Dec 27, 11:22
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Standard Capital Market. is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2007 2006

Director’s Report

Dear Members, The Directors have pleasure in presenting 27th Annual Reports of your Company together with the Audited Accounts for the year ended on 31st March, 2014. FINANCIAL RESULTS (Rs. in Lakh) Particulars Currentt Year Previous Year (2013-2014) (2012-2013) Gross Income 15.91 14.47 Expenditure 11.25 11.92 Profit/ (Loss) Before Depreciation & Tax 4.66 2.77 Depreciation 0.20 0.21 Provision for Deferred Tax (MAT)/Tax 4.59 0.23 Profit/ (Loss) for the Year (0.13) 2.33 Balance brought forward from the Previous Year (28.69) (30.56) APPROPRIATION Transferred to RBI Reserve Fund 0.00 0.47 Balance Carried Forward (28.82) (28.69) DIVIDEND In view of the accumulated losses of the Company, your Directors do not recommend any dividend for the year ended 31st March, 2014. OPERATIONS AND FUTURE PROSPECTS This financial year of the company has continued to be a struggling period to consolidate its portfolio for increasing the revenue but desired results could not be achieved in view of the adverse market conditions. Management is optimistic about better results in the future in view of the regaining economic momentum and growth of Indian economy. MANAGEMENT DISCUSSION AND ANALYSIS REPORT Please refer to Annexure ''A'' of this report. AUDITORS & THEIR REPORT M/s Tiwari & Associates, Chartered Accountants retire as Auditors of the Company at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment. The company has received a letter from them that their reappointment, if made, would be within the provisions prescribed u/s 139 of the Companies Act, 2013. Your directors and Audit Committee recommend their appointment as Statutory Auditors for another one year. Auditors'' Report is self-explanatory and required no comments by the Directors. DIRCTORS Shri Kapoor Chand Gupta, Director retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment. The directors recommend his reappointment. CORPORATE GOVERNANCE The Company has complied with the mandatory provisions of Corporate Governance as prescribed in the Listing Agreement. A Separate report on Corporate Governance is included as a part of the Annual Report. Certificate from the auditors of the Company M/s Tiwari & Associates confirming compliance of conditions of Corporate Governance as stipulated of under the clause 49 of Listing Agreement is annexed to this report as annexure B PARTICULARS OF EMPLOYEES INFORMATION IN ACCORDANCE WITH SECTION 217(2A) OF THE COMPANIES ACT 1956 WITH COMPANIES (PARTICULARS OF EMPLOYEES) RULES 1975 During the year under review, no employees, whether employed for the whole or part of the year, was drawing remuneration exceeding the limits as laid down under section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975 as amended. Hence the details required under Section 217 (2A) are not given. DEPOSITS As on March 31, 2014 no deposit from public have been accepted or renewed by the I Company. CONSERVATION OF ENERGY The company is not engaged in any activity relating to conservation of energy and technology. FOREIGN EXCHANGE EARNINGS AND OUTGO There are no foreign exchange earning & outgo during the financial year under review. DIRECTORS'' RESPONSIBILITY STATEMENT Pursuant to Section 217( 2AA) of the Companies Act, 1956 as introduced by Companies (Amendment) Act, 2000, the Directors confirm that: * In the preparation of the annual accounts, the applicable accounting standards have been followed; * Appropriate accounting policies have been selected and applied consistently, and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2014 and of the profits of the Company for the year ended 31st March, 2014 * Proper and sufficient care has been taken 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. * The annual accounts have been prepared on a going concern basis. COMPLIANCE CERTIFICATES The company has obtained Compliance Certificate from Practicing Secretary as required under provision to Section 383A(1) of the Companies Act,1956 ACKNOWLEDGEMENT Your directors are pleased to place on record their sincere thanks to the Reserve Bank of India, Bankers, stock exchange, customers and share holders of the company for their continued and valuable co-operation and support to the Company. Your Directors also express their appreciation for the hard work and sincere services rendered by employees at all level during the year. Place : New Delhi By order of the Board of Directors Dated : 5th September 2014 Standard Capital Markets Limited Durga Prasad Sharma Narender K. Arora Director Managing Director

Director’s Report