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Directors Report of Pasupati Fincap Ltd.

Mar 31, 2012

Dear Shareholders,

The Directors are pleased to present the Annual Report and the Audited Accounts of the Company for the year ended March 31, 2012.

FINANCIAL RESULTS (Rs.)

Profit After Tax 22,29,560.28

Add: Brought forward Loss from earlier year (42,36,285.00)

Balance carried to Balance Sheet (20,06,724.72)



DIVIDEND

The Board of Directors do not recommend any dividend for the year.

AUDITORS

M/s. MX. Jain & Co., Chartered Accountants are to retire at the conclusion of the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment as auditors of the Company.

DIRECTORS

Mr. Anand Aggarwal retires by rotation and being eligible, offers himself for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to provisions of Section 217 (2AA) of the Companies Act, 1956 the Directors confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures;

(ii) appropriate accounting policies have been selected and have applied them 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 of the company at the end of the period and of the profit and loss of the company for that period;

(iii) proper and sufficient care has been taken 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) the annual accounts have been prepared on a going concern basis.

DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 58A, of the Companies Act, 1956 and the rules made there under.



PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The Statement containing the necessary information as required u/s. 217(l)(e) read with Companies (Disclosures of particulars in the Report of Board of Board of Directors) Rules, 1998 is given as under:

A. ENERGY CONSERVATION

Your Company has not consumed energy of any significant level and accordingly no measures were taken for energy conservation and no investment has been made for reducing energy conservation.

B. TECHNOLOGY ABSORPTION

The Company has not adopted any foreign technology.

C. FOREIGN EXCHANGE EARNING & OUTGO

Year Ended As at 31.03.2012

Expenditure in foreign currency NIL

Earning in foreign currency NIL



HUMAN RESOURCE

Your Directors would like to place on record their deep appreciation of all employees for dedicated and sincere services rendered by them.

As required under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, there was no employee in receipt of a remuneration exceeding Rs. 2,00,000/- per month if employed for part of the year or Rs. 24,00,000/- if throughout the year.

ACKNOWLEDGEMENT

Your Directors appreciate the dedication and efforts being made by the employees, shareholders and others during the year under review.

By Order of the Board of Directors

Place : New Delhi VIDITJAIN REKHASHARMA

Date : September 03,2012 DIRECTOR DIRECTOR


Mar 31, 2010

The Directors are pleased to present the Annual Report and the Audited Accounts of the Company for the year ended March 31, 2010.

FINANCIAL RESULTS (Rs.)

Profit After Tax 3,27,479.00

Add: Brought forward Loss from earlier year (51.99.009..00)

Balancejcarried to Balance Sheet (48,71,530.00)

DIVIDEND

The Board of Directors do not recommend any dividend for the year.

AUDITORS

M/s. M.C. Jain & Co., Chartered Accountants are to retire at the conclusion of the forthcoming Annual General Meeting and being eligible, offer themselves for re-appointment as auditors of the Company.

DIRECTORS

Sh. Yildit Jain retires by rotation and being eligible offers himself for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to provisions of Section 217 (2AA) of the Companies Act. 1956 the Directors confirm that:

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures;

(ii) appropriate accounting policies have been selected and have 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 at the end of the period and of the profit and loss of the company for that period;

(iii) proper and sufficient care has been taken 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) the annual accounts have been prepared on a going concern basis.

DEPOSITS

Your Company has not accepted any deposits with in the meaning of Section 58A, of the Companies Act. 1956 and the rules made thereunder.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

The Statement containing the necessary information as required u/s. 217(l)(e) read with Companies (Disclosures of particulars in the Report of Board of Board of Directors) Rules, 1998 is given as under:

A. ENERGY CONSERVATION

Your Company has not consumed energy of any significant level and accordingly no measures were taken for energy conservation and no investment has been made for reducing energy conservation.

B. TECHNOLOGY ABSORPTION

The Company has not adopted any foreign technology.

C. FOREIGN EXCHANGE EARNING & OUTGO

Year Ended As at 31.03.2010

Expenditure in foreign currency NIL

Earning in foreign currency NIL

HUMAN RESOURCE

Your Directors would like to place on record their deep appreciation of ail employees fcr dedicated and sincere services rendered by them.

As required under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, there was no employee in receipt of a remuneration exceeding Rs. 2,00,000/- per month if employed for part of the year or Rs. 24.00,000/- if throughout the year.

ACKNOWLEDGEMENT

Your Directors appreciate the dedication and efforts being made by the employees, shareholders and others during the year under review.

By Order of the Board of Directors

Place : New Delhi VIDITJAIN REKHA SHARMA

Date : Sepiember 04,2010 DIRECTOR DIRECTOR