Mar 31, 2014
The Directors have pleasure in presenting the 29lh Annual General
Report for the- period ended 31" March, 2014 together wi& audited
Statement of accounts and Auditors Report thereon.
1. FINANCIAL RESULTS
The Working Result of the Company is summarized as under:
(In Rs,)
(2013-14) (2012-13)
Profit Before Tax 288759.95 145293.7
Lass: Income Tax Paid 0 0
Less: Tax Expense (Current Tax
Deferred Tax Liability) 56989.61 20938,56
Las: Income Tan for earlier Year 4020 -
PROFIT AFTER TAXATION 227750.34 124355.14
Add: Brought forward Profit
from Previous year 175895.14 51540
Less; Tax Refund W/off 761.28 -
402884.20 175895.14
APPROPRIATIONS
1) Proposed Dividend 0 0
2) "lax on Proposed Dividend 0 0
3) Transfer to General Reserve 0 0
4) Surplus C/o Balance Sheet 0 0
0 0
2. DIVIDEND
No dividend declared in previous year,
3. OPERATIONS
a) Shares SYEURITIFS
During the year the company has done major activities for sale and
purchase of shares, gold, mutual funds, future & option. Overall the
company has earned profit before tax of Rs.2S8759.95/- However, the
management of the company expects better results in this segment in
future years.
b) Property/Construction Activities
The Company has undertaken two projects during the year for
construction Si. Rs. 5746S740.00 is considered as construction expensed
for the mentioned projects.
4. ROSPECTS
There has been an increasing tendency in share market and good
opportunities in property segment, your director expects better results
in the current year.
5. DEPOSITS
The Company has not accepted deposits from public within the purview of
section 58A of Companies Act, 1556,
6, LISTING
The company's equity shares are listed on Delhi Stock Exchange.
7. AUDITORS RETORT
The Auditor's report on lie Accounts of the Company is self-explanatory
and requires no comment.
8. DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to section 217 (2AA) of the Companies (Amendment) Act, 2000
the Director confirm that:-
i) In the preparation of (he annual accounts, the applicable Accounting
standards have been followed.
ii) Appropriate accounting policies have been selected and applied
consistently, and have made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of (lie Company as at 31st March. 2014 and the profit of the Company
for the year ended on 31" March, 2014.
iii) Proper and sufficient Cart 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, and
iv) The annual accounts have been prepared on a going concern basis.
9. DIRECTOR
Ms. Anita Jalan, Director red res by rotation at Qui ensuing Annual
General Meeting and being eligible offer herself for reappointment.
10. AUDITORS
The Auditors, M/s Watibwa & Co. Chartered Accountants, retire at the
ensuing Annual General Meeting and, being eligible, offer themselves
for reappointment.
11. SECR KTAR1 AL.AUDITORS
M/s M.A. Sc Associates, Company Secretary, retire at ensuing Annual
General Meeting, You are requested to appoint them and fix their
remuneration.
12 PARTICULARS OF EMPLOYEES
Particulars of employees as required U/s 217 (2A) of the Companies Act,
1956 read with Companies (Particulars of Employees) Rules 1975 may be
taken as NIL since no employee of the Company was in receipt of
remuneration in excess of limits specified under the Said rules.
13. CONSERVATION OF ENERGY.TECHNOLOGY. ABSORPTION. FOREIGN EXCHANGE
EARNINGS & OUTGO
The Companies (Disclosure of particular in the report of Board of
Director) Rules, 19S3 require the disclosure of particulars regarding
Conservation of Energy in Form" A and Technology Absorption in form- B
and that the requirements of Form A & B are not applicable to the
Company. The Company has had no foreign exchange outgo or inflow during
the year under report.
14. ACKOWLDGEMENTS
Your directors wish to acknowledge their gratitude, to the business
associates, customers, hankers for their continued patronage,
assistance and guidance. We continue to look for the same degree of
help, cooperation and indulgence from them in future.
By order of the Board
Place: Delhi On behalf of Board of Director
Dated 31st May,2014
(PRAKASH CHAND JALAN)
Chairman
Mar 31, 2013
The Directors have pleasure in presenting the 28_J1 Annual General
Report for the period ended 31st March, 2013 together with audibled
Statement of accounts and Auditors Report thereon.
1. FINANCIAL RESIXTS
The Working Result of 'the Company is summarized as under:
(In Rs.)
(2012-13) (2011-12)
Profit Before Tax 145293.7 13128.00
Less: Income Tax Paid 0 0
145293.7 13128.000
Less: Tax Expense (Cured
Tax Deferred Tax Liability) 20938.56 -7449.00
PROFIT AFTER TAXATION 124355.14 20577.00
Add: Brought forward Profit
from Previous year 51539.98 30963.00
175895.12 51540.00
APPROPRIATIONS
1) Proposed Dividend 0 0
2) Tax on Proposed Dividend 0 0
3) Transfer to General Reserve 0 0
4) Surplus C/o Balance Sheet 0 0
0 0
2. DIVIDEND
No dividend declared in previous year.
3. OPERATIONS
3) Shares & Securities
During the year the company has done major activities for sale and
purchase of shares, mutual funds, future & option. Overall the company
has earned profit before tax of Rs 1,45,203.70 /- However the
management of (the company expects better results in this segment in
future years,
bl Property/Construction Activities
The Company has not undertaken carry any project during the year.
4. PROSPECTS
There has been an increasing tendency in share market and good
opportunities in property segment, your director expects better results
in the current year.
5, DEPOSITS
The Company has not accepted deposits from public within the purview of
section 58 A of Companies Act. 1956.
6. LISTING
The company's equity shares are listed on Delhi Stock Exchange.
7. AUDITORS REPORT
The Auditor's report on die Accounts of die Company is self-explanatory
and requires no comment.
8. DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to section 217 (2AA) of the 'Companies (Amendment) Act, 2000
the Directors confirm that:-
i) In the preparation of the annual accounts, the applicable Accounting
standards have been followed.
ii) Appropriate accounting policies have been selected and applied
consistently, and have made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of die state
of affair of the Company as at 3 1"st March, 2013 and the profit of
the Company for the year ended on 31st Marsh, 2013.
iii) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of tile
Compares Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and order irregularities, and
iv) The annual accounts have been prepared on a going concern basis,
9. DIRECTORS
Mr. Rohan Jalan Director retires by rotation at the ensuing Annual]
General Meeting and being eligible offer himself for reappointment.
10- AITMTORS
The Auditors, M/s Wadhwa &. Co, Chartered Accountants, retire at the
ensuing Annual General Meeting and, hinge eligible, offer themselves
for reappointment.
11. SECRETARIAL AUDITORS
M/s M.A. & Associates, Company Secretary, retire at ensuing Annual
General Meeting, You are requested to appoint them and fix their
remuneration.
12 PARTICULARS OF EMPLOYEES
Particulars of employees as required U.'s 217 (2A) of the Companies
Act, 1956 read with Companies (Particulars of Employees) Rules 1975
may be taken as NIL since no employee of the Company was in receipt of
remuneration in excess of Limits specified under the said rules.
13. CONSERVATION OE ENERGY. TECHNOLOGY. ABSORPTION, FOREIGN EXCHANGE
EARNINGS & OUTGO
The compares' (Disclosure of particulars in the report of Board of
Directors) Rules, 1988 require the disclosure of particulars regarding
Conservation of Energy in Form-A and Technology Absorption in for- 13
and that the requirements of Form A & E are not applicable to the
Company. The Company has had no foreign Exchange outgo or inflow during
the year under report.
14. ACKNOWLEDGEMENTS
Your directors wish to acknowledge their gratitude to the business
associates, customers, bankers for their continued patronage,
assistance and guidance. We continue to look for the same degree of
help, cooperation and indulgence from them in future.
By order of the Board
On behalf of Board of Directors'
Place: Delhi
Dated: 10th May, 2013 (PEAK ASH CHAND JALAN)
Chairman
Mar 31, 2012
The Directors have pleasure in presenting the IT Annual General
Report for the period ended 31st March, 2012 together with audited
Statement of accounts and Auditors Report thereon.
1. FINANCIAL RESULTS
The Working Resell of the Company is summarized as under:
(In Rs.)
Profit Before Tax (2011-12) (2010-11)
Less: Income Tax Paid for
previous years 0 1977
90881
Less: Tax Expense(Current Tax
Detailed Tax Differed Tax Liability) (7449) 8659
PROFIT AFTER TAXATION' 20577 82221
Add: Brought forward Profit
from Previous year 30963 111454
51540 193675
APPROPRIATIONS
1) Proposed Dividend 0 140000
2) Tax on Proposed Dividend 0 22752
3) Transfer to General Reserve 0 0
4) Surplus C/o Balance Sheet 51540 30963
51540 193675
I. OPERATIONS
a) Shares & Securities
During the year the company has done major activities for sale arid
purchase of shares, mutual funds, future & option. Overall the company
has earned profit before tax of Rs. 13,128/- However the management of
the company expects better results in this segment in future years.
b) Property/construction Activities
The Company has not undertaken/carry any project during the year.
3. PROSPECTS
There has been an increasing tendency in share market and good
opportunities in property segment, your director expects better results
in the current year
4. DEPOSITS
The Company has not accepted deposits from public within the purview
Of section 58 A of Companies Act, 1956.
5. LISTING
The company's equity shares are listed on Delhi Stock Exchange.
6. AUDITORS REPORT
The Auditor's import on the Accounts of the Company is self-explanatory
arid requires no comment.
7, DIRECTORS RESFOINSIBILLTY STATEMENT
Pursuant to section 217 (2AA) of the Companies (Amendment) Act, 2000
the Directors confirm that:
i) In the preparation of the annual accounts, the applicable Accounting
standards have been followed-
ii) Appropriate accounting policies have been selected and applied
consistently, and have 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 as at 31st March, 2012 and the profit of
the Company for the year ended on 31st March, 2012.
iii) 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 deflecting fraud and other irregularities, and
iv) The annual accounts have been prepared on a going concern basis.
10. DIRECTORS
Mr. Prakash Chand Jalan Director retires by rotation at the ensuing
Annual General Meeting and being eligible offer herself For
reappointment.
Mr. Rajesh Kumar Agarwal resigned from the directorship of the Company
w.c.f 21stSeptember, 2012.
II AUDITORS
The Auditors, M's Wadhwa & Co, Chartered Accountants, retire at the
ensuing Annual General Meeting and, being eligible, offer themselves
for reappointment.
12. SECRETARIAT.AUDITORS
Mrs M.A. &. Associates, Company Secretary, recite at ensuing Annual
General Meeting, You are requested to appoint them and fix their
remuneration.
13 PARTICULARS OF EMPLOYEES
Particulars of employees as required U/s 217 (2 A) of the Companies
Act, 1956 read with Companies (Particulars of Employees) Rules 1975 may
be taken as Nil. since no employee of the Company was in receipt of
remuneration in excess of limits specified under the said rules.
14. CONSERVATION OF ENERGY. TECHNOLOGY. ABSORPTION, FOREIGN EXCHANGE
EARNINGS & OUTGO
The Companies (Disclosure of particulars in the report of Board of
Directors) Rules, 1988 require the disclosure of particulars regarding
Conservation of Energy in Form-A and Technology Absorption in form-B
and that the requirements of Form A & B are not applicable to the
Company. The Company Jotas laid no foreign Exchange outgo or inflow
during the year under report
15. ACKJNOWLEDGEMENTS
Your directors wish to acknowledge their gratitude to the business
associates, customers, bankers for their continued patronage,
assistance and guidance. We continue to look for the same degree of
help, cooperation and indulgence from them in future.
On behalf of Board of Directors
Place; Delhi For GROVY EXPORTS & MARKETING LIMITED
Dated: 7th September, 2012 (Anita Jalan)
Chairman