Directors Report of Jumbo Finance Ltd.

Mar 31, 2014

Dear Members,

The Directors of your company have pleasure in presenting their Report and Audited Statements of Accounts for the year ended March 31,2014.

FINANCIAL RESULTS

The salient features of the Company''s financial results for the year under review are summarized below:

Particulars Current Previous year year 2013-14 2012-13 (Amount (Amount in Rs.) in Rs.)

Profit before Depreciation 395594 442173 and Taxes

Less: Depreciation 24153 32097

: Prior Period Exp, 20309 -

Profit after depreciation 351132 410076

Less: Provision for Taxation

Current Tax 111100 130000

Deferred Tax (2311) (3210)

Income tax for earlier year (152) - Profit for the year 242495 283286

Add : Balance brought forward 7486644 7260016 Balance carried to Balance Sheet 7729140 7486644

DIVIDEND

In view of meager amount of profit during the year and to strengthen the financial position of the company, your directors have not recommended any dividend for the year under review.

DIRECTORS

The Company has received declaration from all the directors along with their interest in other companies as required under Section 184 of the Companies Act,2013.

PARTICULARS OF EMPLOYEES

There was no employee during the year, covered by section 217 (2A) of the Companies Act 1956, read with the Companies (Particulars of Employees) Rules, 1975.

PARTICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO

The company is not covered under any of the industry specified in schedule under rule 2(A) of the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 as such the company is not required to submit particulars of Energy Conservation as required under Rule 2(A) and there is no activity which should be disclosed as per Rule 2(B) and 2(C) about Technology Absorption and Foreign Outgo.

AUDITORS & AUDIT REPORT

M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai, the Auditors of the Company retire at the ensuing Annual General Meeting and being eligible, they offered themselves for re- appointment. M/s Chaturvedi Sohan & Co. have been given written consent and certificate as are required in terms of section 139 (1) of the Companies Act read with Rule 4 of the Companies (Audit and Auditors) Rules,2014. The members are requested to consider their appointment for a period from the conclusion of the ensuing Annual General Meeting till the conclusion of the Company''s sixth Annual General Meeting.

The notes of Financial Statements referred to in the Auditor''s Report are Self -explanatory and do not call for any further comments.

COMPLIANCE CERTIFICATE

Your company has complied with all the provisions of companies Act, 1956, a certificate to this effect has been obtained from Company Secretaries, Mumbai, a copy of which is enclosed.

CORPORATE GOVERNANCE

The Company is making all efforts for complying the provisions relating to Corporate Governance pursuant to clause 49 of the Listing Agreement with Stock Exchange.

RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 217 (2AA) of the Companies Act 1956, with respect to Directors Responsibility statement, it is hereby confirmed that:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and f air view of affairs of the Company at the end of the financial year and of the Profit or loss of the Company for the period;

c) That they have taken proper and sufficient care 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;

d) That they have prepared the Annual accounts on a going concern basis.

ACKNOWLEDGEMENT

Your Directors would like to express their appreciation for the assistance and co-ape: ation received from employees at all levels performed their duties and responsibilities and for close received from them during the year. Your Directors also record their sincere appreciation of the continued support; assistance and co-operation extend by the Company''s Bankers ami also Shareholders of the Company who put their confidence in the company.

FOR AND ON BEHALF OF THE BOARD

Place: Mumbai Dated: 30th APril, 2014

(Smriti Ranka) DIRECTOR

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Mar 31, 2013

To, The Members,

The Directors of your company have pleasure in presenting their Report and Audited Statements of Accounts for the year ended March 31, 2013.

FINANCIAL RESULTS

The salient features of the Company''s financial results for the year under review are summarized below; Current year Previous year 2012-13 2011-12 Particulars (Amount In Rs.) (Amount In Rs.)

Profit before Depreciation and Taxes 442173 1324844

Less: Depreciation 32097 43628

: Exceptional Items - 937550

Profit after depreciation 410076 343666

Less: Provision for Taxation

Current Tax 130000 110000

Deferred Tax (3210) (3652)

Income tax for earlier year - 2267

Profit for the year 283286 235051

Add : Balance brought forward 7260016 7024965

Balance carried to Balance Sheet 7486644 7260016



DIVIDEND

In view of meager amount of profit during the year and to strengthen the financial position of the company, your directors have not recommended any dividend for the year under review.

PARTICULARS OF EMPLOYEES

There was no employee during the year, covered by section 217 (2A) of the Companies Act 1956, read with the Companies (Particulars of Employees) Rules, 1975.

PARTICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO

The company is not covered under any of the industry specified in schedule under rule 2(A) of the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 as such the company is not required to submit particulars of Energy Conservation as required under Rule 2(A) and there is no activity which should be disclosed as per Rule 2(B) and 2(C) about Technology Absorption and Foreign Outgo.

AUDITORS

M/s Karnavat & Co., Chartered Accountants, Mumbai will cease to be Auditors of the Company at the conclusion of the ensuing Annual General Meeting and being eligible, they offered themselves for re-appointment.

COMPLIANCE CERTIFICATE

Your company has complied with all the provisions of companies Act, 1956, a certificate to this effect has been obtained from Company Secretaries, Mumbai, a copy of which is enclosed.

RESPONSIBILITY STATEMENT

Your Direcluis confirm:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of affairs of the Company at the end of the financial year and of the Profit or Loss of the Company for the period;

c) That they have taken proper and sufficient care 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;

d) That they have prepared the Annual accounts on a going concern basis.

CORPORATE GOVERNANCE

The Company is making all efforts for complying the provisions relating to Corporate Governance pursuant to clause 49 of the Listing Agreement with Stock Exchange.



FOR AND ON BEHALF OF THE BOARD





(J. P. Khandelwal)

Place: Mumbai DIRECTOR

Dated: 25th Mav, 2013

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Mar 31, 2011

The Directors of your company have pleasure in presenting their Report and Audited Statements of Accounts for the year ended March 31, 2011.

FINANCIAL RESULTS

The salient features of the Company's financial results for the year under review are summarized below:

Current year Current year 2010-11 2009-10 Particulars (Amount in Rs.) (Amount in Rs.)

Profit before Depreciation and Taxes 317731 629146

Less : Depreciation 60781 39499

Profit after depreciation 256950 589647

Less: Provision for Taxation

Current Tax 85000 148000

Deferred Tax (2027) 6023

Income tax for earlier year (178) -

Profit for the year 174155 435624

Add : Balance brought forward 6850811 6415187

Balance carried to Balance Sheet 7024966 6850811

DIVIDEND

In view of meager amount of profit during the year and to strengthen the financial position of the company, your directors have not recommended any dividend for the year under review.

PARTICULARS OF EMPLOYEES

There was no employee during the year, covered by section 217 (2A) of the Companies Act 1956, read with the Companies (Particulars of Employees) Rules, 1975.

PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO

The company is not covered under any of the industry specified in schedule under rule 2(A) of the Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 as such the company is not required to submit particulars of Energy Conservation as required under Rule 2(A) and there is no activity which should be disclosed as per Rule 2(B) and 2(C) about Technology Absorption and Foreign Outgo.

AUDITORS

M/s Karnavat & Co., Chartered Accountants, Mumbai will cease to be Auditors of the Company at the conclusion of the ensuing Annual General Meeting and being eligible, they offered themselves for re-appointment.

COMPLIANCE CERTIFICATE

Your company has complied with all the provisions of companies Act, 1956, a certificate to this effect has been obtained from Company Secretaries, Mumbai, a copy of which is enclosed.

RESPONSIBILITY STATEMENT

Your Directors confirm:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of affairs of the Company at the end of the financial year and of the Profit or Loss of the Company for the period;

c) That they have taken proper and sufficient care 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;

d) That they have prepared the Annual accounts on a going concern basis.

CORPORATE GOVERNANCE

The Company is making all efforts for complying the provisions relating to Corporate Governance pursuant to clause 49 of the Listing Agreement with Stock Exchange.

FOR AND ON BEHALF OF THE BOARD

(J.P. Khandelwal )

Place: Mumbai DIRECTOR

Dated: 4th August, 2011

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Mar 31, 2010

The Directors of your company have pleasure in presenting their Report and Audited Statements of Accounts for the year ended March 31, 2010.

FINANCIAL RESULTS

The salient features of the Companys financial results for the year under review are summarized below;

Current year Current year 2009-10 2008-09 Particulars (Amount in Rs.)(Amount in Rs.)

Profit before Depreciation and Taxes 6291.46 1136879

Less : Depreciation 39499 10567

Profit after depreciation 589647 1126312

Less : Provision for Taxation

Current Tax 148000 117000

Deferred Tax 6023 61445

Income tax for earlier year - 1794

Profit for the year 435624 946073

Add : Balance brought forward 6415187 5469114

Balance carried to Balance Sheet 6850811 6415187



DIVIDEND

In view of meager amount of profit during the year and to strengthen the financial position of the company, your directors have not recommended any dividend for the year under review.

PARTICULARS OF EMPLOYEES

There was no employee during the year, covered by section 217 (2A) of the Companies Act 1956, read with the Companies (Particulars of Employees) Rules, 1975.

PARTICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO

The company is not covered under any of the industry specified in schedule under rule 2(A) of the Companies [Disclosure of particulars in the Report of Board of Directors) Rules, 1988 as such the company is not required to submit particulars of Energy Conservation as required under Rule 2(A) and there is no activity which should be disclosed as per Rule 2(B) and 2(C) about Technology Absorption and Foreign Outgo.

AUDITORS

M/s Karnaval & Co., Chartered Accountants. Mumbai will cease to be Auditors of the Company at the conclusion of the ensuing Annuai General Meeting and being eligible, they offered themselves for re-appointment.

COMPLIANCE CERTIFICATE

Your company has complied with all the provisions of companies Act, 1956. a certificate to this effecl has been obtained from M/s. Alka Modi & Associates, Company Secrefaries, Mumbai. a copy of which is enclosed.

RESPONSIBILITY STATEMENT

Your Directors confirm:

a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of affairs of the Company at the end of the financial year and of the Profit or Loss of the Company for the period;

c) That they have taken proper and sufficient care 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;

d) That they have prepared the Annual accounts on a going concern basis.

CORPORATE GOVERNANCE

The Company is making all efforts for complying the provisions relating to Corporate Governance pursuant to clause 49 of the Listing Agreement with Stock Exchange.

FOR AND ON BEHALF OF THE BOARD

Sd/-

(J. P. Khandelwal)

Place; Mumbai DIRECTOR

Dated: 4th August. 2010