Seventeenth Annual Report 2009 2010 · 1996-1997 to F. Y. 2009-2010 .. As. 7.5001- per year...

GOMTI FINLEASE (INDIA) LIMITED

Seventeenth Annual Report2009 - 2010


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BOARD Of DiRECTORS

AUDITORS

LEGALADVISORS

BANKERS

REGIS1ffiEDOFFICE

AClMIlES

: MA. RAMABTAR A. JHUNJHUNWALA

Chajrman

MA. SHRIRATAN A. JHUNJHUNWALA

MA. BAlAAM R. JHUNJHUNWAlA

Directors

: MIS. KAllASH KEJRIWAl &CO

Chartered Accountants

: MIS. KANORIA & CO.

: STATE BANK OF INDIA

: RAMHOUSE,

4, GAiWADIINDLESTATE,

S. V. ROAD, GOREGAON (WEST),

MUMBAI -400 062.

: HIRE PURCHASE RNANCING

EQUIPMENT LEASING

FiNANCIAL SERVICES

NOTICE

NOTICE is hereby given that the Seventeenth Annual GeneralMeeting of the Membersot Gomti Finlease (India). limited willbe held at the Registered OIIiceot the Company at 'Ram House'4, Gaiwadi Industrial Estate, S. V. Road, Goregaon (west),Mumbai- 400062 on Monday,27" September, 2010 at 10.00a.m. to transact the followingbusiness :

ORDINARY BUSINESS:

1. Toconsider and adopt the audited Profitand loss Accountfor the year ended 31" March 2010, the Balance Sheet asat that date and the Report of the Directorsand Au<frtors.

2. To appoint a Director in place of Mr.R. R. Jhunjhunwala,who retires by rotation and being eligible, offers himse"for reappoimment.

3. To appoint aud~ors and fix their remuneration

By order of the Board

Chairman

Date: 13-08-2010

NOTES:

1. A MEMBERENTITLEDTO ATTENDANDVOTEIS ENTITLEDTO APPOINT A PROXY TO ATTENDAND V°1:E INSTEADOF HIMSELFANDTHE PROXY NEED NOT BE A MEMBER

OF THE COMPANY.The proxy form should be lodged withthe company at its Registered Office at least 48 hoursbefore the time of the Meeting.

2. The Register of Member and Share Transfer Book of theCompany will remain closed from Thursday, 23-09-2010to Monday,27-09-2010 booth days inclusive.

3. Members are requested to promplly notifyany changes intheir address to the Company at ~s Registered Officeat'Ram House', 4, Gaiwadi Industrial Estate, S. V. Road,

..Goreg..i'9.~_(\Xest),MUml2!Ji.:-.190 062.. _.. - ..- -- -

4. MEMBERSAREREQUESTEDTO BRINGTHEIRCOPIESOFTHEANNUALREPORTTOTHE MEETING.

2

SEVENTEENTH ANNUAL REPORT 2009-10.

DIRECTORS' REPORT10The Share""de" .TheDI herewith!hel,SeventeenlhAnnualReport-, _!he au"led accoonts101"!heperiodended31"March.2010.1) FfNANCIAL HIGHLIGHTS .

CUITent Year

(Rs.;n Laes)

Previous Year(Rs.;n Laes)

OperaUng proUY(loss) beforeInleresl, depreciaUoo & tax

Less: Inlerest

(6.42)

9.46

0.46

0.01

ProW(Loss) for Ihe year Belore fax (15.88) 0.45- -

2. PERroRlIANCE

The Company has ravemed prov;s;on of Rs. 146.07 lacs (fasl year Rs. 2.63 lacs) on Non -pertorming Assets as we have written ott the debts asbad durtng !he year under rev;ew.

The f8<:0veryfrom lhe hire purchase IransacUons was bad insplte of Ihe !iUgaUonpending In the Court against the delau~em. The dispute w;th StateBank of Ind'oa was resolved during !he yea' amK:ably and their dues are fu~y settled.

Wrth overall """"vement expected .. !he economy. and dispute w;th State Bank of -- settled. the Dlrectom are hopeful of better pertormance 101"the current yea'.DIVIDENDIn view 01 losses. Ihe D;recto" do nol recommend any "v;dend for the yea'.

Rm - RE.JEC'11ON AS NBFC

The -- 101"rog;strationas an NBFChas been rejectedby ReserveBankof ,- under hs Regufations during 2002-2003. However, the COfI1>8nyIs not carrying any NBFC activities fo' the 'lasl 9-10 yeam. .REPORT ON CORPORATE GOVERNANCEYour Company has complied with the requiremenls regalding corporale governance as required unde' Clause 49 of the listing Agraamenl 01 lhe SlockExchanges where hs shares a'e Ilsled. A Certlficale from Stalutory Aurnto" regalding compliance of conditions of Corporale Governance attached tothis report forms part of the Annuaf Report.

3.

4.

5.

.. DEWoTRH.' "'.""NThe Company has during Ihe F. Y. 2001-2002 enlered In 10 an agreemenl w;lh Cenlral Depository SeMces Umited (CDSL) a Depos~ory establlshadunder prov;slons of Deposllory Acl, 1996, for facllitaUng,holding and settlemenl of lrade in equ~y shares of the company In a scrip-less manner Inelectronic moda. The Company has successfutly converted equity shares from physlcaf mode In to electronic mode of the shareholde" around 43.69%.The Company's scrip is trading In Demat mode al Stock Exchange. Ou' similar application is still pending w;th National Security Depository SeNiceslimited (NSDL).

DELlSnNG OF SHARES

The company has paid during Ihe year Annual UsUng Fees payable to The Stock Exchange, Mumbai. The Company has not paid IisUng faas payableto Ahmedabad SIoek Exchange, In view of the pending requesl for delisUng. The demand noUce received from Ahmedabad Slock Exchange for F. Y.1996-1997 to F. Y. 2009-2010 .. As. 7.5001- per year aggregaUng 10 As. 97,5001- is not considered In accounts.PART1CUt..ARSOF EMPLOYEES

The company does nol have any employees covered uls 217 (2A) of Ihe Companies Act. 1956.PUBLIC DEPOSITS

The company has nol accepled any fixed deposits trom Ihe public.ENERGY CONSERVAnoN

Othar partlc:ufa" 'egarding conserveUoo of energy, lechnology absoq>- and foreign exchange eamings and OUlgorequired to be fumlshed under Section217 (1) (e) of lhe Companies Act. 1956 are nol applicabfe 10 Ihe. company.

DIRECTORS'RESPONSIBILITY STATEMENTThe Boald of Directors of your company stale:a) That In !he preparaUonof the annual accounts, !he applicable acoounUngstandards had been followed.b) ThaI the [);reclom had selected such acoounUng policies and applied them consistenlly and made judgments and estimales thal ara reasonable

and prudent so as to give a Irue and fair view of Ihe stale 01 alfalm of the company al Ihe end of Ihe financial year and ollhe loss 01 Ihecompany for Ihat period.

c) ThaI the dlrecto" had faken proper and sufficientcare for the mainlenance 01adequate acoounUng recolds in accoldance ~h the pro~slons of!he Companies Act. 1956 sategualding!he assets of the company and for prevenUngand delectlng lraud and other iITegulariUes.

d) ThaI the dlrecto" had prepared the annual accounls on a going concem basis.DIRECTORSIn accoldance with Ihe Articles of Association of Ihe company, Shri R. R Jhunjhunwala retire, by rotation at Ihe forthcoming annual general meeting,and being eligible, olfers hlmsell for reappolnlment.AUDITORS' REPORT

Mambe,,' attention Is drawn 10 Nole no. B-2 10 B-3 of the NOles 10 the accounts In Schedule - M ,eferred 10 by the audito" In Ihelr report regaldlngnon provision of Listing fees of Ahmedabad Slock Exchange and non provision of Income Tax demands. The Boald Is of the opinion Ihat the aforesaidnotes are sell explanafory and do note ca" for any further explanation.AUDITORS

The audito" of the company Mls. Kalfash Kejriwal & Co., Chartered Accountanls hold office up 10 the conclusion of the ensuing Annual General Meetingand being eligible, olfer themselves for reappoinlment.You are requesled to appolnl audito" and lix their remuneration.

IPlace: MumbalDated, t3-oa-2010

FOR AND ON BEHALF OF BOARD OF DIRECTORS

R.R. JHUNJHUNWALAChalITnan

3

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8.

..

10.

11.

I

I

I 12.

13.

14.


FORM(See Rule 3)

COMPUANCE CERTlRCATETo,The MembersGOMTI FINLEASE (INDIA) UMITED.

We have examIned Ihe registers, records, books and papelS of GOMTI FINLEASE (INDIA) LIMITED as required to be maintaIned under the Companies Act,1956, (the Act) and the rules made there under and also the provisions contained In the Memorandum and Articles 01 Association at the Company for thefinancial year ended on 31. Maroh, 2010 .In our opinion and to the best of our Information and according to the examinations carried out by us and explanationsfurnished to us by fhe Company, Its officers and agents, we certify that in respect of fhe aforesaid financial year.

1. The Company has kept and maintaIned all regIsters as stated In Annexure '}I to this certificate, as per the provisions and the rules made there underand all entries there In have been duly recorded.

2. The Company has duly filed the forms and retums as stated In Annexure 'B' to this certificate, with the Registrar of CompanIes, Regional DIrector,Central Government, Company Law Board or other authorities within the time prescribed under the Act and the rules made there under. However, asthe forms were filed electronically therefore we are unable to certify that the same were f.ed duly or not.

3. The Company Is a Public Limited Company and theretore the provisions of Section 3 (1) (Ill) of the Act do not appfy to the Company.

4. The Board ot DlrectolS dUly met 6 times on 18-5-2009, 30-6-2009, 10-6-2009,03-10-2009,04-01-2010 and 31-3-2010 In respect of which Meetings, properNotices were given and the proceedings were property recorded and signed and no clroular Resolution was passed during the financial year, .

5. The Company closed Its Register of MembelS from 25. September, 2009 to 29" September, 2009 and necessa<y Compliance of Section 154 of the Acthas been made.

7.

8.

The Annuat General Meeting for the IInanclal year ended on 31-3-2009 was held on 29" September, 2009 after giving dUe notice to the membelS of thecompany and the Resolutions passed thereaf "(ere duly recorded In Mlnufes Book maintained for the purpose.

No Extra-ordlna<y General Meeting was held during the financial year.

The Company has not advanced any loans to Os Directors or persons or firms or Companies referred to under Section 295 of the Act during the financial year.

The Company has not entered Into any contract falling within the purview of Section 297 of the Act during the financial year.

6.

9.

10. The company has made necessa<y entries in the register maintained under Section 301 of fhe Act.

11. No Instances falling within purview of Section 314 ot the Act have taken place during the financial year.

12. The Company has not Issued any duplicate Share Certitlcate durtng the financial year.

13. The Company has:

(I) Delivered all the Certificates on lodgment thereof for transfer / transmission In accordance with the provisions of the Act. The Company has notallotted any securities during the financial year.

(iI) The Company has not declared any dividend during the financial year so the the question of depositing the same In a separate Bank Account doesnot arise.

(;;;) As the Company has not declared any dividend during the financial year the question of posting ot dividend warrant and transfer of unclaimed /unpaid dividend to unpaid dividend Account does not arise.

(iv) During the financial year ended the Company was not required to transfer any of the specified amounts to the Investor Educafion and ProtectionFund. .

(v) Duly complied with the requirements of Section 217 of the Act.

14. The Board of Directors of the Company is duly constituted and during the financial ye., appointmenl of any Director has not faken place.

15. The Company has not appointed any Managing Direclor / Whole time Director / Manager during the Financial year.

f6. The Company has not appointed any Sole-selling Agent during the financial year.

17. The Company was not required to obtain any approvals 01 the Central Government, Company Law Board, Regiona[ Director, ROgistrar or such olherauthorities prescribed under the various provisions of the Act during the financial year.

18. The Directors have disclosed their interest In other firms/Companies to the Board of Directors pursuant to the provisions at the Acl and the roles madeIhere under. .

19. The Company has nol issued any Shares, Debentures orolher Securities during the financial year.

20. The Company has not bought back any Shares during Ihe financla[ year.

2f' The Company has not redeemed any Preference Shares / Debenlures durln9 the financial year.

22. There were no transactions necessitating the Company to keep in abeyance the rights to dividend, rights Shares and Bonus Shares pending regiSlrationot Iransfer Shares.

23. The Company has not invited/accepted any deposits Including any unsecured Loans lalling within Ihe purview of Section 58A of the Act! RB[ directivesdunng the financial year.

24. The Company has not made any borrowings during Ihe flnancla[ year.

25. The Company has-not made loans, Investments or given 9uarantees or provided Securities to olher bodies corporate during the financial year.

26. The Company has not altered the provisions of the Memorandum of Association with respect 10 situalion 01 the Company's registered ottice fromone sfate to another during the financla[ year.

27. The Company has nol altered Ihe provisions of the Memorandum 01 Associalion with respect to the objects of the Company during the year under scrutiny.

28. The Company has not altered the provisions of the ,:,emorandum of Association with respect to the name ot the Company dunng Ihe financla[ year.

4

SEVENTEENTH ANNUAL REPORT 2009-10

29. The Company has not altered the pmvlslons ot the Memo,.ndum ot Association with respect to Share Capital 01the Company during Ihe tlnanclal year.

30. The Company has ."'.'t altered .. Articles ot Association during the tlnanclal year.

31. We were Intoomedthat no pmsecutlon Initiated against the Company and no lines or penalties or any other punishment was Imposed on theComPany during the linanoial year. tor offences under the Act .

32. The Company has not received any money as security trom its employees during the _I year.

33. The Company has not constituted any Pmvident Fund pursuant to Section 418 of the Ad-

Note :- The Annexure '" and 'B' given below to"" part of fhls Certificate.

Place: Mumbai.Dale: 13-08-2010

Fo< V. K. IlANDAWARIA & CO.

COMPANY SECRETAAIES

. (V. K. IlANDAWARIA)PAOPAIETOR

M. No. FCS-2209 C. P. NO. 2036

ANNEXURE 'A'

Sr..l/Q.1.2.

4.

5.6.

7.

8.

Realstersl Documents

Aegister ot Members

Copies of Annual Aeturns together with copies 01

Certificates and Documents required to be annexed with It.

Minutes Books of Board Meetings, Meetings of

Committees of Board and Gene,.1 Meetings.

Aeglster of Directors etc.

Aeglster of Directors Shareholdlng etc.Register of Cont,.cts etc.

Share T"nsfer Aegister

Aeglster of Charges

Under SectIon

150163

3.193

303

307

301(3)

143

ANNEXURE 'B'

Forms andretums as filed with the Aegist,.r of Companies. Maharasht,..

1. Form No. 23AC &'23ACA for fmngcopy of Balance Sheet & Pmflt &Loss AlC etc.

2. Fo"" No. 20B for liling Annual Aeturn.

- Filed uls 220 -for the year ended 31' March, 2009.

- Filed uls 159 -as on the date of AGMheld on 29-09.2009.

3. Fo"" No. 66 for fmng ComplianceCertlliad

- Filed uls 383 A of the Act for the year ended 31' March, 2009.

Place: Mumba!.Date: 13-08-2010

For V. K. MANDAWARIA & CO.

COMPANY SECAETAAIES(V. K, MANDAWAAtA)

PAOPAIETOAM. No. FCS-2209 C. P. NO. 2036

\

5


GOMll FINLEASE (INDIA) LIMITEDF.Y. 2009-2010

CORPORATE GOVERNANCE REPORTYourCompanyduringthe previousyearhasimplementedthe mandatoryrequirementsof CorporateGovernanceasset out in the ListingAgreementin clauseno.49 withStockExchanges. .

,. Board of DirectorsThe compositionof the Board 01Directors as on 31st March,20.0 and other required details are given below'

Name Category No,of otherdirectorship held'

6

55

Committee MembershipMember Chairman

SM RamabtarR.JhunjhunwalaSM ShriratanR.JhunjhunwalaShri BalramR.Jhunjhunwala

Non-Executive Director

Non-Executive Director

Non"Executive Director

222

2

2.

. Excludingdirectorship in Private Limited Companies.

The company is not having any independent directors on the Board at the company as the company has no significant operation 1 activities. The companyis unable to tind suitable independent directors.

Number of Board Meetinos held and the dates on which heldSix Board Meetings were held during the financial years which are as unde"18. Ma" 2009, 30. Juna, 2009, 10. August, 2009, 3" October, 2009, 4. January, 20.0 and 31" March, 20.0.

3. Audit CommitteeThe Audit Committee has all the 3 Directors, viz. SM R. R.Jhunjhunwala, Shri S. R. Jhunjhunwala and SM B. R. Jhunjhunwaia. There be;'19no Independentdirectors, all the directors are members ot Audit Committee in view of negligibie operations of the company. Mr. B. R. Jhunjhunwala, director, is havingfinancial and accounting knowledge.

During the financial year, Committee met 5 times. Shri R. R. Jhunjhunwaia generally chairs the meeting.

4, Remuneration to 'he Direc'ors

During the financial year, the directors did not draw any remuneration from the company. They are not drawing an, remuneration from the company forthe last several years in view of negligible business activities.

Shareholder's Ilnves'or', Relation and Grtevances CommitteeThe Shareholders 1 Investor's Grievances Committee comprises of the following directors viz. Shri R. R. Jhunjhunwala, Shri S. R. Jhunjhunwala andShri B. R. Jhunjhunwala. There being no independent directors on the Board at the company, all the non - executive directors are the member of thiscommittee. The Committee oversees and reviews fhe all matters connected with the securities I share transfer. The committee also 'ooks into redressingof shareholders complaints like transfer of shares, non-receipt at annual report, non-receipt at dividends etc. The Committee oversees the periormanceot the Registrar & Transter Agents, and recommends measures tor overall improvement in the quality of investor services. The Board ot Directors hasdelegated the power of approving transfer of securities 1 shares to the share transfer committeeThe company has not received an, grievance from the share holder during the year. There were no pending requests tor dematerialization or approvalup to the date of report. The Committee promptly acts to the investors grievances.

5.

5,a)b)

General Bodv MeetinaLocation, date and time of last 3 Annual general Body Meetings of the Company are given below,

f.Y. 110!0 :DIM -2006-2007 28-09-2007 . 0.00 A.M. Registered Office2007-2008 29-09-2008 10.00 A.M. -do-2008-2009 29-09-2009 10.00 A.M. -do-All the resolutions including the special resolutions, if any are generally passed by the show of hands.

DisclosureThe Company does not have any related parties transactions which have potential conflict with the interest of the company at large.There were no Instances of non-compliance on any matter related to the capital markets. The listing fees payable to the Stock Exchange, Ahemedabad is pendingsince' 996-97 till date inviewof delistingrequest.Means of Communication .The quarteriy resulls are made available at Stock Exchange, Mumbai for every quarter ended. The notice at AGM has been dui, published regulariy in the newspaper in Marathi and English dallies.in View of losses Management has not prepared Management Discussion and Analysis Report in compliance w;th the requirements of clause 49 of the listingAgreement with Stock Exchanges torms part of this annual report which is being sent to all the members of the company.

General ~hareholders Informa';onANNUAL GENERAL BODY MEETING HELD

Date andTime , 27. September, 20.0 a110.00 A. M.Venue , AT Regd. Office

"Ram House", 4 -Gaiwadi Industrial estate,

S. V. Road, Goregaon - West, Mumbai - 400 062, '''April,20'Ot031''March,2011

Results tor quarterending 30.06.20'0 On or before 3." Jul, .0ending 30.09.2010 On or before 3." Oct, 10ending 3'.12.2010 On or before 3." Jan, 11ending 3. .03.2011 On or before 30. Apr, .1

, 23.09.2010 to 27.09.2010 (both days ;nclusive)

7.a)

b)

8,

Financial Calendar

(Tentative)

Book Closure Date

Listing of Equity Shares on StockExchanges at , Mumbaiand AhmedabadStock Code Trading Symbol Bombay SI. Exch.'

"GOMTIFIN (INDIA) 530701" ,

6


Demat ISIN Numbe,In CDSL ISIN No. INE089EOI017

In NSDL for Equity Share, Not Allotted.Stock Market Data Mumbal Stock Exchanae IBSEt

The Company Oh.,e, are t,"ded In Mumbal Stock Exchange dunng the F. Y. 2009-2010.The la" trade w"' done on 10' Ma"h, 2010 at R'. 4.78 pe' Sh.,e.Themlo,e,g,"phlcal infmmatlon of Indexed compan'on not pnlvided.

Regl","r and T,"n,fe, Agent, Bigsh.,e Se",icesP.Ltd.E-2, An,. Indl.E"ate, Sakivlh., Rd, Sakinaka, Andhen (Ea"), Mumbal -400 072.Ph. No.022-28560652/53/ Fax No.022-28525207

Share T"nsfer S"tem '

Presently, the Share Transfers which are received In phys~1 form am processed and share certificates returned within the stipulated pefiod subject to the documents beingvalid and compIefe01 an respects. The Company has, "' per SEBI Guidelines W.E.F. 25-09.2000 offered the ladllfy of Transfer cum Domat. Urmrthe said system, afferthe share transfer is affected, an option fetter is sent to the tlansferee Indicating the defaits of the transferred shares and requesting himlher In case he/sho wishes to dematthe shares_roach. Deposltlry PatlK:ipant (DP) wOh the option letter. The DP, based 00 the option lettergene<ates a demat request and sends the same to company atongwith the option fetter issued by the company. On mcelpt of the same, the Company demateriafises the shores. Incase the transferee does not wish to dematenalise the .shares, helsho need not exe""" the option and the company willdispatch the share certificate after 30 my ftom the mte of such option letter.

DtSTRIBUTION OF SHAREHOLDlNG AS ON 31ST MARCH, 2010No.of Shares Shareholders

Nos. %SharehaldlngNos, %

148300 4.9413658200 1.9392242300 1.40944

328000 10.9289631300 1.0429246000 1.53272

0 0.002347100 78.20538

32001200 100.00

(Above" 00,000 sh.,es Include demat holder also.)

SHAREHOLDINGPATTERNAS ON 31ST MARCH,2010

~ No. of Ordinary % ofShares Held Sharehotdlna

2251000 75.00PromotersBanksPVI. Body Corpo,"teIndian PublicNRI

118800631400

3.9621.04

3001200 100.00

DEMATRIALlSATIONOF SHARES

About 43.69% of the out""nding share, have been dematerialised upto 31" March, 2010. T,"ding of equity shares of the company in Demat mode Is going on atStock Exchange, Mumbai. .Outstanding GDRs / ADRs / Wa"ants 0' any Convertible In"<uments, Conversion Date and likely Impact on Equity, Not Applicable.

(1) Inve"or Co"e,pondence fm trlmsfe, of shams and , Gomtl Fln.(lndia) Ltd. Sh.,e Departmentany other query relating to sh.,es of the Company 'Ram House', 4, Gaiwadi Indl.E"ate, S:V.Road, Go,egaon (W), Mumbal -400 062.

Ph.No.022-2874 4640/41/ Fax No.022-2874 9235

Place, MUMBAI

Date, 13-08-2010

FOR GOMTi FINLEASE (INDfA) LtMITEDCHAIRMAN

DIRECTORS

AUDITORS CERTIFICATEToThe Membe, of GOMT! FINLEASE (INDfA) LTD,

We ha,e e<amined the compliance of cooditions of co'pmate Go'emaoce by GOMTt FINLEASE (INDIA) LIMITED for the p.,iod 01-04-2009to 31-o3-20tO"' "ipolated10 cfa"e 49 of fhe U,tiog A9,eemeol of the said company with Stock E<ehaoges. 'The compliance of condition, of corpo'"te Govemance " the re,poos""ity of the Management. 0", e<aml""tion wa' limited to proced",e, and Implemeotation thereof,adopted by the company fo' ensuing the compliaoce of the cooditioos of the COrp0,"te Go,emaoce; It Is oeithe, an audit 00' ao e'pression ot oplnioo on the financial"atemeot of the company.

In 0"' opioion and to the be" of 0"' infmmatloo aod according to explanatioos gi""n to os, we certify that the company has complied with the condition, of CorporafeGo,emaoce a, ,tipolated In the abo,e-mentioned Li'ting Ag'eemeot except the appointment of Independent director..As requi,ed by the Goidance Note issued by the In"itute of Chart.,ed Accountants of India, we have to "ate that no inve'tor grie.ance is peoding 10' a periodexceeding one month agalnsf the company a, pe' the ,eco,ds maintained by the Inve"ors Relations Committee.We further ,fate that such compliaoce is nelthe, an ",su,"oce "' to the fut"e viability of the company nor the efficiency 0' effectl,eness with which the Managementha, conducted the affairs of the company.

For KAfLASH KEJRIW AL & COCHARTERED ACCOUNTANTS

Place' MumbaiDate' 13-08-2010

KAILASH S. KEJRIWALPROPRIETOR

Membership No. 14345

7

0 - 5000 208 85.950415001 - 10000 8 3.30579

10001 - 20000 3 1.2396720001 - 30000 14 5.7851230001 - 40000 1 004132240001 - 50000 1 004.132250001 - 100000 0 0.00

100001 - """, 7 2.89256

242 100.00


AUDITORS'REPORT..TheMambe",ot .

GOMT1ANLEASEQNDIA)LID.

5.

We have audited the attached Balance Sheet ot GOMT1 FINLEASE (INDIA) LID. as al Ma"'" 31, 2010, the Profit and Loss Account and the Cash RowStatement for the year ended on that date annexed thereto. These financial statements are the responsibmty ot the Company's management. Our

responsibility is to express an opinion on these financiat statements based on our audn. .We conducted our audit in accordance .,;th auditing standards generally aooepted in India. Those Sta_rds require that we plan and pertonn the audit toobtain reasonable assurance about whether the financial statements are tree 01 material misstatement. An audit includes examining, on a test basis, evidencesupponing the amounts and disctosures in the finandal statements. An audit also includes assessing the accounting pnnciples used and signnieant estimatesmade by management, as well as evatuating the overall tinancial statement presentation. We believe that our audit provides a reasonable basis for ouropirnon.

As required by the Companies (Auditofs Repon) Order, 2003 as amended by the NoUfication 2I2812OO2.cLV dated 12.06.2003 issued by the CentralGovernment ot India in terms ot sub-section (4A) of section 227 ot the Companies Act. 1956. we enclose in the Annexure a Statement on the matterSspecified in the paragraphs 4 and 5 ot the said Order.

Further to our comments in the Annexure reteITed to above, we repon that

~ We have obtained a" the information and explanations w;hich to the best 01 our knowtedge and betief were necessary tor the porpose of our audit.

') In our-, properbooksot accountas requiredby lawhave been by the ~ as tar as a_a", tromour examinationof those books.i) The Balance Sheet, the prom & Loss Account and the Cash Flow Statement deall .,;th by this Repon are in .agreement .,;th the books of account.

iv) In our opinion, the Balance Sheet, the Profit & Loss Account and the Cash Flow Statement dean .,;th by this Repon compty wllh the AccountingStandards reteITed to in sub-section (3C) of section 211 of the Companies Act. 1956 to the extent applicable.

v) On the basis ot written representations received trom the directors, as on March 31, 2010 and which are to be taken on record by the Board ofDirectors, we repon that none of the Directo", are disquatified as on March 31, 2010 from being appointed as Director in terms ot clause (g) ofsub-section (1) ot section 274 ot the Companies Act, 1956.

In our opinion and to the best of our information and according to the explanations given to us. subject to Note No. B-2 & 8-3 In schedule 'M', the saidaeecunfs read together .,;th Accounting Policies and notes thereon, give the Information required by the Companies Act, 1956, in the manner so requiredand give true and fair ,new In contonnity with the accounting pnnciples generalty accepted In India,

~ In the case ot the Balance Sheet, ot the state ot affairs ot the Company as at March.", 2010;

') In the case of the Profit & Loss Account, ot the Loss tor the year ended on that date; and

it) In the case ot the Cash Fiow Statement, of the cash flows tor the year ended on that dafe.

1.

2.

3.

4.

Place, MumbaiDate, 13-09-2010

For KAILASH KEJRIWAL & COCHARTERED ACCOUNTANTS

KAILASH S, KEJRIWALPROPRIETOR


ANNEXURE TO AUDITOR'S REPORT(Referred to in paragraph 3 of our report ot even date)

Re, GOMT! FIN LEASE (INDIA) LTD,. .

t. The company does not own tixed assets hence, reporting on this clause is not applicable.

2. In respect ot ~s invenfmy'-

a. The management has phy.sica"y verified the inventory dunng the year. In our opinion the frequency ot the v~ntication Is reasonable.

b. The procedures of physical venfication of Inventories tollowed by the management are reasonable and adequate in relation to the size of the companyand the nature ot its business.

c. The company is maintaining proper records of inventory. The discrepancies noticed on venfication between Ihe physical stock and the book records werenot material.

The Company has not taken any interest free loan trom any pany covered in the Register maintained under Section 301 of the Companies Act, 1956. TheCompany has granted interest-tree unsecured loan in eanier years to the follo.,;ng parties included in the regisfer maintained under section 301 of the CompaniesACI, 1956. .

3a.

Sr...1I2.

12345

b.

Rammaica (India) Ud.RamfaMc(lndia) Ud.Ram I.aminates (poona)Ram MetallndustnesRam Plywood

Ooenlno Balance.In..(!Is)

1,49,81,0001-2,75,08,7501-

1,75,2161-142,932/-

23,8691-

Loans oranteddurino the vear

Maximum BalanceOutstandin. in (Rst

1,49,81,0001-2,75,08,7501-

1,75,2161-142,9321-

23,8691-

Clostno BalancaliL(!I>J

NIl.90,44,750/-

NILNILNIL

Name of oanv

c.

According to the information and explanations given to us, terms and conditions of loan granted by th.t!i9mpany are prima facie not prejudicial to the interest ofthe company. ,,','

According to the Information and explanation given to us, there is no repayment schedule of loans. Loans are interest-free, hence reporting on the regular~y ofpayment of interest does not anse. .

According fo the information and explanation given to us, since there is no repayment schedule ot loans and same are inleresl-free, reponing on overdue amountpayable and the reasonable steps taken towards repayment, does not anse.

In our opinion and according to the information and explanations given to us, there of!! adequale interna""ontrol procedures commensurate w~h the size of thecompany and the nature of its business with regard to purchases of inventory. ThROmpany does not hold any fixed assets; hence, no reporting is done onweakness or otherwise on the intemal controls on purchases thereof. Dunng the coors' of our audit, no major weakness has been noticed in the Internal controlson purchase of inventory.

d.

4.

8~


9.

a. Based on the a""it procedures applied by us and acoo<ding 10 the information and explanations provided by the management. we are of the opinion that thetransactions that need 10 be entered into the register maintained under section 301 have been so entered.

b. In our-and acco<ding to the information and ."planations given 10 us, the hiinsactions made" pursuance of contracts or anangements entered in theregistelS maintained under Section 301 and exceeding the value of five laldl rupoo$ in respect of any party during the year have been made at prices-are reasonable having rega<d to prevailing market prices af the relevant time.

In our opinion and acco<dlng to the Information and explanations given 10 us, the company has not """""""' any deposits requiring ccmpflance with the provisionsof Sections'56A and 58AA ot the Companies Act. 1956 and !ha Companies (Ac<et>tance of DeposiIs) Rules. 1975 with rega<d fo the d--"s accepled from thepublic. No o<def has been passed by the National Company Law Tribunal.

In our opinion and acconfing to the informafion and expfanations given to us. the company does not require an intemal audit system ccmmensurete with the sizeand nature of Its _ass, as required under the Order.

In our opinion and ar:corolng to the Information and explanations given to us. the company is not required by the Cenfral Government to maintain ccst recc<ds underSection 209(1) (r!)of the Ccmpanies Act. 1956.

(a) In our - and according to the information and explanations given 10 us, !hare are no unrSsputed statutory dues outstanding and payable under taws thatapply to dUes relating to provident fund. ESIC. Investor education protection fund, Income-tax. ,,"'-tax. wea"h-tax. custom duly. excised-<iuly, cess and'other statutory dues to the extenf applicabfe 10 it except as stated in cl. (b) below.

(1)) Acoo<ding 10the Information and explanations given to us. no undisputed amounts payable in respect of inccme tax. weaOh tax. sales tax. customs duty andexcise duty were outsfanding. as at March 31. 2010 for a period of more than six months from the date they became payable. except the following:

Name of Statute Nature of dues Amount (R..) Period of which the ami. refated

Income Tax ACf,1961 Tax Demand 16,tt.717/- AY 1994-1995Income Tax Act. 1961 Tax Demand 38.68.389/. AY 1995~1996

Income Tax Acf, 1961 Panelly Demand tt.26,475/- A.Y. 1994.1995

Income Tax Act, 1961 Panelty Demand 13.13,3061- A.Y. 1995-1996

5.

6.

7.

8.

10. Acco<ding to the "formation and explanations given to us, the ccmpany has accumulated losses. The company has incuITed cash losses during !ha year aswell as in the immediately preceding year.

tt. As informed by management. the company had defau"ed in repayment of dues to State Bank of India of loan aggregating to Rs. 4.65 crores and applicableInterest thereon whK:h was not provided In the books of accounts upto pre_s year. However, the matter has been amicably resolved and as on the date ofbalance sheet there is no default In repayment of dues to financial institutions.

12. Acco<dlng to the into,m''''on and explanations given to us. and based on our examination of documents and reco<ds. the company has nof granfed any loansand advances on the basis of security by way of pledge of shares. debenlures and other securities.

13. In our opinion, the ccmpany is not a chit fund or a nldhi/mutual benefit fundi _ely. Therefore, provisions of clause-4(xiii) of fhe O<der are nof applicable tothe ccmpany.

14. Based on our examination of the records and evafuation of the related intemal ccntrols. we are of the opinion fhat proper records have been maintained 01 thetransactions and ccntracts and timely entries have been made In those reccrds. We also report that the ccmpany has held the securities in its own name.

15. Acco<ding to the information and explanations given to us. the ccmpany has not given any guaoantee for loans taken by of he IS from bank or financial institutions.

16. The company has not taken any fresh term loan during the year covered by our audit.

17. Acco<ding to the information and explanations given to us. and on an overall examination of the balance sheet of the company as at March 31. 2010. we reportthat no funds raised on short.term basis have been used for long-ferm Investtnent. *

18. Accc<dlng to the information and explanations given to us. the company has not made any preferential allotment of shares to parties and ccmpanies ccveredin the register maintained under section 301 of the Companies Act; 1956.

19. Acoo<dlng to the information anij explanations given to us. during the period covered by our audlf report. the ccmpany has not Issued any debentures andhence creation of secunly in respect thereof dOes not arise. .

20. The company has not made any public Issue during the year and hence no reporting on any end use of money raised is required.

21. Acco<dlng to the information and explanations given fo us by the management. we report that no freud on or by fhe company has been noticed or reportedduring fhe year.

For KAILASH KEJRIWAl & COCHARTERED ACCOUNTANTS

Place; MumbalDate; 13.08-2010

KAILASH S. KEJRIWAlPROPRIETOR


9


CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2010

For the year ended31.03.2010

For the year ended31.03.2009

AIRs. Rs.

CASH FLOW FROM OPERATIONS ACTIVITIES

NET PROFIT I (LOSS) TAXAND EXTRA ORDINARY ITEMSAdjustments :

Interest ExpensesProvision lor taxes

Operating profit belore workingcapital changes

Adjustments lor:Trade and other receivablesInventoriesTrade Paybles

Cash generated Irom operations

Interest PaidDirect Taxes Paid

Cash Flowbelore extra ordinary items

CASH FLOW FROM OPERATING ACTIVITIES

B) CASH FLOWFROM INVESTINGACTIVITIESPurchase 01 Fixed assetsInvestment in Shares in SubsidiarySale 01 Fixed assetsSale 01 Investments

NET CASH USED IN INVESTING ACTIVITIES

C) CASHFLOWFROMFINANCINGACTIVITYProceeds lrom issue 01 share capitalProceeds irom long term borrowingsSettlement 01 Industrial Development Bank of India Loan(Waiver 01 Principal amount)Dividend Paid.

NET CASH USED IN FINANCINGACTIVITIES

NET INCREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT THE BEGINNING OFTHE YR.

(Opening balance)

CASH ANDCASH EQUIVALENTSATTHE END OF THE YR.(Closing Balance)

(6,811,017) (89,494)

945,0005,217,441

(648,576)'

129,336

39,842 .

34,157,0711,080

28,495

34,186,646

324,7661,250

(253,091)

72,925

33,538,070

(945,000)(1,014,586)

112,767

(129,336)

(16,569)

(16,569)

31,578,484

31,578,484

(31,500,000)

(31,500,000)

78,484 (16,569)

92,204 108,773

170,688 92,204

FOR KAILASH KEJRIWAL& CO.Chartered Accountants

KAlLASH S. KEJRIWALProprietor

Membership No. 14345PLACE: MUMBAIDATED: 13-08-2010

For and on behall 01 the Board

FOR GOMTI FINLEASE (INDIA) LIMITED

Chairman

Directors

PLACE: MUMBAIDATED: 13-08-2010

10


BALANCE SHEET AS AT 31ST MARCH, 2010

Schedule

1) SHAREHOLDERS' FUNDS

Share capitalReserves and Surplus

AB

SOURCES OF FUNDS

2) LOAN FUNDSSecured loans C

TOTALAPPLICATION OF FUNDS

1) CURRENTASSETS, LOANSAND ADVANCESStock Of SecuritiesSundry DebtorsLess: Non-performing Assets W/off

DE

Cash & Bank BalancesLoans and advancesLess: Non-performing Assets W/off

FG

LESS: CURRENT LlABIUTIESAND PROVISIONSCurrent liabilities HProvision for Taxes

NET CURRENT ASSETS

11

(1-11)

2) PRom & LOSS ACCOUNT

TOTAL

ACCOUNTING POLICIES AND NOTES ON ACCOUNTS M

As per our report of even date attached

FOR KAILASHKEJRIWAL& CO.Chartered Accountants


ChairmanKAlLASHS. KEJRIWAL

ProprietorMembership No. 14345PLACE: MUMBAIDATED: 13-08-2010

Directors


11

As at Asat31-03-2010 31-03-2009

Rs. Rs. Rs.

30.012.000 30.012.00014.964.485 ---

46.464.485

44.976.485' 76.476.485

247.235 248.3154.222.200 13.936,7224.222.200 13,936.722

--- ---

170,688 92.20417.991.450 57.040,697

7.883.700 12.775.877

10.107.750 44,264,820

10,525.673 44,605,339

103,489 74,9944.208.035 5,180

4.311.524 80.174

6.214.149 44,525.166

38.762.336 31.951.319

44.976.485 76.476.485


PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010

As per our report of even date attached FOR GOMTI FINLEASE (INDIA) LIMITED

FOR KAILASH KEJRIWAL& CO.Chartered Accountants

Chairman

KAILASH S. KEJRIWALProprietor


Directors


12.

Schedule Current PreviousYear Year

Rs. Rs. Rs.

tICOME

Hire Purchase Charges Recd. on on

Sales / Redemption receipts 1,500 1,250

Other Income I 165 2,719

TOTAL 1,665 3,429

EXPENDITURE

Cost of Sales / Redemption J 1,080 1,250

Payment of Employee K 28,452 20,104

Administrative and other expenses L 15,220,692 198,593

Bank Interest & Financial Charges 946,536 959

TOTAL 16,196,760 220,907

PROFIT / (LOSS) FOR THE YEAR (16,195,095) (217,478)

NPA Provision written back 14,606,699 262,500

(1,588,396) 45,022

Less: Provision for Tax - Current Year --- (5,180)

Less :. Provision of Tax prior years (5,222,621) (129,336)

PROFIT / (LOSS) AFTER TAX (6,811,017) (89,494)

Balance B/F from last year (31,951,319) (31,861,826)

Net Profit / (Los) carried to Balance Sheet (38;762,336) (31,951,319)

Earning per share - Basic (2.27) (0.03)

- Weighted Average (2.27) (0.03)CCOUNT\NG POLICIES AND NOTES ON ACCOUNTS M


SCHEDULES FORMING PART OF ACCOUNTS

SCHEDULE' 1>1- SHARE CAPITAL

AlfTHORISED:

50,00,000 Equity shares of Rs. 10/. each

ISSUED SUBSCRIBED AND PAID-UP:

30,01,200 Equity shares of Rs. 10/' eachfuily paid up

TOTAL

SCHEDULE 'B' -RESERVES AND SURPLUSCAPITAL RESERVE

Surplus on settelment of Bank Dues (Prtncipal Amount)

TOTAL

TOTAL

SCHEDULE 'C' -SECURED LOANS

Cash Credit Facility from State Bank of India(Secured against hypothecation of deferred receivablesand guaranteed by directors)

TOTAL

SCHEDULE 'D'- STOCK IN SECURmES

Shares (Unquoted)Consortex Ka~ Doelitzch (India)Bala Techno Synthetics Ltd.Decem Tubes Ltd.Ravraj Impex Ltd. .Sandur Laminates Ltd.Reftin & Estin (I) Ltd.R.C. Laser Tech Ltd.

Debentures (Unquoted)EssarOil Ltd. Part-G .TCI Ltd.

SCHEDULE 'E'- SUNDRY DEBTORS

(net of future HP charges wherever applicable)Debts outstanding for a pertod exceeding six monthsconsidered doubtlul.

TOTAL

SCHEDULE 'po CASH & BANK BALANCESCash in Hand

Balance with Scheduled Bank in Current Account

TOTAL

SCHEDULE 'G'. LOANS AND ADVANCESUnsecuredLoans & advances recoverable in cash or in kind for value to be received

(doubtlul advances Rs. 7,883,700, Previous Year Rs. 12,775,877)

Tax Deducted at Source on Service charges

Fring Benefit Tax

17,991,450 57,025,906

14,591200

TOTAL 17,991,450 57,040,697

13

As at Asat31-03-2010 31-03-2009

Rs. Rs.

50,000,000 50,000,000

30,012,000 30,012,000

30,012,000 30,012,000

14,964,485

14,964,485

46,464,485

46,464,485-

Nos. Amount Amount800 680 800 680

2,000 4,000 2,000 4,000300 195 300 195

10,300 12,360 10,300 12,360500 2,000 500 2,000

2,500 25,000 2,500 25,00020,000 200,000 20,000 200,000

--- .-. 50 1,08050 3000 50 3,000

36450 247,235 36500 248,315

4,222,200 13,936,722

4,222,200 13,936,722

173,915 86,076

(3,227) 4,128

170,688 92,204

GOMTI FIN LEASE (INDIA) LIMITED


SCHEDULE 'H'. CURRENT UABIUTlES

Sundry CreditorsOther Liabilities

TOTAL

SCHEDULE 'I'. OTHER INCOMEDividendInterestMise. Income

TOTAL

SCHEDULE 'J'. COSTOF SHARES SOLDOpening stockPurchasesLess: Closing Stock 01Shares

TOTAL

SCHEDULE 'K'. PAYMENTSTO EMPLOYEESSalaries and benefitsStaff Welfare Exp.

TOTAL

SCHEDULE 'L'. ADMINISTRATIVEAND OTHER EXPENSES

Rates and Taxes'

Stationery and Printing

Postage & Courier charges

Electricity Charges

Telephone Exps

Legal & Professional fees

Conveyance exps

Advertisement and Publicity

Sundry ExpensesAudit Fees

Demat Charges

Repairs & Maintenance

Bad debts w/off.

Water Charges

TOTAL

14

Asat Asat31.03.2010 31.03.2009

Rs. Rs.

76,808 47,58626,681 27,408

103,489 74,994

Current Year Previous YearRs.

on 7590 16575 1,939

165 2,179

248,315 249,565on ---

247,235 248.315-1,080 1,250-

22,780 14,8745,672 5,230-

28,452 20,104-current Year Previous Year

Rs. Rs.

6,420 3,399

2,649 2,021

150 114

14,281 9,541

1,591 1,030

164,400 133,590

2,513 1,763858 861

43,956 25,822

6,894 6,894-.. 3,816

14,636 8,684

14,961,961 on

384 1,059

15,220,692 198,593



Currentyear

Previous. year

(A)

SCHEDUlE' M .-ACCOUNTING POUClES AND NOTES ON ACCOUNTS

SIGNIRCANTACCOUNTINGPOUClES:

GENEIW..The financials1atements are prepared under the historicalcost conventioo, on the accualbasis 01accounting. in accordance wtlh the generally accepted accoooting principles inIndia. the Accounting Standards presecribed in the companies (Accounting Standard)Rules, 2006 and the relevant provisions 01the Companies Ad. 1956. The accounts havebeen prepared on principal applicable to a 'Going Concern' desptle viabilityof restartingand continuing future operations remaining in question I doubt

INVENTORY OF SECURITlES

Inventory is stated at cost. No provision is made lor depreciation in realisable value

COImNGENT UABILmES AND PROVISIONS

Contingent liabilities. iI any. are disclosed in notes of accounts below

AXED 6AAFT<: AND DEPRECIATION

Not applICable,since no fixed assets are held.

REVENUE RECOGNITION

Income lrom Hire Purchase Finance Charges is accounted on accrual basis. Expensesare also aocounted on accrual basis.

TAXES ON INCOME

No provision is made for current tax in view of losses. Provision is made lor admittedliabililiesof lax and penalty dues lor prior years. No Provision is made for delerred taxasstes though the company has accumlated losses of prior years. as in the opinion 01management there is no virtualcertainity of taxable income in near future.

(8)1.

NOTES ON ACCOUNTS :

The State Bank 01India had filed a suit in the High Court lor recovery 01debit balancein Cash Credit account and a Court Receiver was appointed by order dated 5th July.1996 to take charge of the stocks and book debts of the company. During the year thematter has been resolved with the bank amicably and dues have been lullysettled.

for the periodCumulative

No provision is made in the books regarding Annual Listing fees payable to lollowing .stock exchanges in view of pending request lor delisting.

Ahmedabad Stock Exchanges

Rs. Rs.

8.945.277124.768,370

97.500 90.000

2.

3. No provision has been made in accounts in respect of Income Tax liabilityfor interestuls 234 Band 220(2) as per orders passed lor prior years as representation is beenmade by the company before higher authorities lor waiver 01 interest and themanagement is of the opinion that there wouid be no liabiiityon this account.

A.Y.1994-1995A.Y. 1995-1996

1.172.1627,460.987

1.172.1622.366.369

4. Other additional information pursuant to Part 11of the Schedule-IV of the companiesact. 1956:Opening Stock Nos.

Value in Rs.36.500

248.31536.500

249.565Purchases Nos.

Valuein Rs.

Nos.Valuein Rs.

Nos.Valuein Rs.

1.080

36,450247.235

1.250

36.500248,315

Sales(Includes redemption of debentures)

ClosingStock

15

GOMTI FIN LEASE (INDIA) LIMITED

SCHEDULES (CONTD.)

5. (a)

6.

7.

8.

9.

10.

11.

12.

(b)

Loans and advances include amount paid to loIlowingoorJ1'8rliesunder the same managementRamnaica (India)Um~ed

Ramlabric (India) Um~edOtheIS, where the DirectolS are interested

Segment Reporting: (AccountingStandard 17) Segment Reporting requirements underAccounting Standard 17 issued by Insmute 01Chartered Accountants of India" notapprlC8ble.

Related Party Disclosures: (Accounting Slandard 18)a\ List 01 related oarties with whom transactions took olace durino the vear and re!ationshio :~ RelationshiD1. Ram House UmiIed Associate

b\ Related Party Transactions:TransactionsRates &TaxesTelephone ExpensesElect~ ExpensesRepailS &MaintenanceWater ChargesSalary &BenelitsOther AdministrationExpenses

Credit balance outstanding as on 31-03-2010

Associates3,3991,0309,5418,6841,059

18,1045,769

47,586

42,831,767Loans and advances receivables (balance)

Associates6,4201,591

14,28114,636

38428,45211,045

76,808

9,044,750

Eamino nor share (EPS) : Accounting Standard 20a. ProfiV(Loss)after Tax attributable to Shareholders (15.88) 0.45b. Weighted average number of Equity shares lor Basic EPS 300.12 300.12

c. Weighted average number of Equity shares for DilutedEPS 300.12 300.12d. Nominalvalue 01Equity Shares. Rs.101-per Share Rs.10/- per Sharee. Basic l DilutedI Weighted Average EPS (2.27) (0.03)

In case 01delinquent hirers or persons who have availed 01financiallacilities, appropriate action for the recovery of the outstandingamounts has been taken. Provision for Non-performing Assets on the said delinquent hirelS was done in eartier years as per.Reserve Bank Of India guidelines on Non-Banking Financial Companies. Duringthe year, the cOmpany has recovered amount fromsome 0I~. debtors I Loans &Advances.

a) As at 31st March, 2010, there are no Micro,Small and Medium Enterprises, as defined in the Micro,Small, Medium EnterprisesAct, 2006, to whom the company owes dues on account of principal amount together with interest and accordingly no additionaldisclosure have been made.

b) The above informationregarding Micro,Small and Medium Enterprises has been determined to the extent such parties have beenidentifiedon the basis of information available with the Company. This has been relied upon by the auditors.

The balances in the accounts of debtors and loans and advances are suject to confirmation l reconciliation.

Previous years' figures have regrouped l reciassified I recast whereever expedient.

As per our report of even date attached

FOR KAILASHKEJRIWAL& CO.Chartered Accountants


Chairman

KAILASHS. KEJRIWALProprietor


Directors


16

Current Previousyear year

Rs. Rs.

14,981,0009,044,750 27,508,750

SCHEDULE (CONTD.)


ADDI1IONAL~ AS REQUIREDUNDERPARTIVOF SCHEDULEVITO DIE COMPANIESACT.1956

Q Balance Sheet Abstract and Company's General Business Profile:RegistrationNo.State CodeBalance Sheet Date

ii) Capital raised duringthe year.PWIicIssueBonus Issue

Rights IssuePrivatePlacement

ii) Positionof Mobilisationand Deploymentof Funds:Total UabilitiesSoun:es of Funds:

Paid up CapitalReserves and SurplusSecured LoansUnsecured Loans

Total Assets

Application of FundsNet FIXedassetsInvestmentsNet Current Assets

Miscellaneous expenditureAccumulated Losses

Iv) Perfonnance of the Company:Turnover (Income)TotalExpenditureProfll/(Loss)before taxProfll/(Loss) alter taxEarnings per share (Rs.)Dividendrate

Generic names of the Principal products, servicesof the Company

nem Code No. (ITCCode)Product description

v)

Currentyear

Rs.

Previousyear

Rs.

7171011

31.03.2010

I'LI'LI'LI'L

44,976,485

30,012,00014,964,485

44,976,485

Not Applicable Not Applicable

.

I

FOR GOMTI RNLEASE (INDIA) UMITED

Chairman

Chairman

17


7171011

31.03.2009

I'LI'LI'LI'L

76,476,485

30,012,000--46,464,485

---

76,476,465 .

6,214,149 44,525,166--- -

38,762,336 31,951,319

1,665 3,42916,196,760 220,907

(16,195,095) (217,478)(6,811,017) (89,494)

(2.27) (0.03)

BOOK-POST

.,

If undelivered please relurn 10 :

GOMTI FIN LEASE (INDIA) LIMITED'Ram House', 4, Gaiwadi Industrial Estate,

S. V. Road, Goregaon (West), Mumbai - 400 062.

Seventeenth Annual Report 2009 2010 · 1996-1997 to F. Y. 2009-2010 .. As. 7.5001- per year...

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Transcript of Seventeenth Annual Report 2009 2010 · 1996-1997 to F. Y. 2009-2010 .. As. 7.5001- per year...