Liverpool Finance Ltd. के निदेशक की रिपोर्ट

Mar 31, 2013

To, The Members of the Company,

The Directors have pleasure in presenting before you the 19TH Annual Report of the Company together with the Audited Statement of Accounts for the year ended 31st March, 2013.

FINANCIAL RESULTS (Amt. Rs. In Lakhs) 2012-2013 2011-2012

Total Income 13.75 12.28

Total Expenditure 13.92 6.83

Profit before Tax -0.17 5.45

Profit after Tax -0.17 3.76

FINANCIAL & OPERATIONAL HIGHLIGHTS

Because of persistent recession prevailing in the Economy in general , your company could not made any turn around and therefore witnessed the depressive operations during the year under review.

DIVIDEND

The Board of Directors of the Company has not declared any dividend for 2012-2013.

FIXED DEPOSITS

The Company has not accepted deposits from the public during the year attracting the provisions of section 58A of the Co. Act, 1956 and Rules framed there under.

SSI DUES

The Company has no dues outstanding for more than 30 days to any small scale undertaking.

AUDIT COMMITTEE

The Company has formed an Audit committee comprising of 3 directors. The terms of the reference of the committee are in line with the requirements specified u/s. 292A of the Co-Act, 1956 and Corporate Governance as stated in Clause 49 of the Listing Agreement.

DIRECTORS

During the year under review, JIMMY S ASIJA will retire by rotation at the ensuing Annual General Meeting of the Company and being eligible, offers himself for re-appointment..

AUDITORS

M/s S. CHANDULAL & CO., Chartered Accountants, Mumbai have given their consent for re-appointment of Auditors of the Company.

PARTICULARS OF EMPLOYEES

There was no employee in the Company whose particulars are required to be furnished as per section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975 as amended upto date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING/OUTGO.

The information under section 217(1) (e) of the Companies Act, 1956 on Conservation of Energy, Technology Absorption as required to be disclosed is not applicable to your company since it is engaged in the financial activities.

During the year under review the Company has no foreign exchange earnings and outgo.

DIRECTORS'' RESPONSIBILITY STATEMENT

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

(a) that in the preparation of annual accounts, the applicable accounting standards have been followed;

(b) that the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

(c) that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) that the Directors have prepared the Annual Accounts on a going concern basis.

CORPORATE GOVERNANCE AND COMPLIANCE

A report on corporate governance along with Management Discussion and Analysis is annexed to this report. A certificate from Statutory Auditors with regards to the compliance of the corporate governance, as stipulated in Clause 49 of the Listing Agreement, by the company is annexed to this report.

The company has fully complied with all mandatory requirements prescribed under Clause 49 of the listing agreement. In addition, the company has also implemented some of the non mandatory provisions of Clause 49.

ACKNOWLEDGEMENT

Your Directors wish to express their sincere appreciation for the co-operation and support received from Banks, shareholders, customers, Officers and other employees of the Company throughout the year.

By order of the Board

For LIVERPOOL FINANCE LTD.

Sd/-

Place : AHMEDABAD JIGAR M SHAH

Date : 03/09/2013 CHAIRMAN

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Mar 31, 2011

Dear Members

The Directors take pleasure in presenting the Annual Report of the company together with the audited statement of accounts and the Auditors' Report of your Company for the financial year ended on 31st March 2011.

FINANCIAL PERFORMANCE

Particulars As on 31.03.2011 As on 31.03.2010

Income from Operation 1065872 925450

Expenditure 639055 612170

Net Profit/Loss before Tax 426817 313280

Provision for Tax 131888 96803

Profit/(loss) after tax 294929 216477

Balance Profit Brought Forward 873200 656723

Balance Profit Carried Forward 1168129 873200

The company had a profit of Rs.4,26,817/- during the current year as compared to the previous year profit of Rs.3,13,280/-. The company has accumulated profit of Rs.11,68,129/-

DIVIDEND

In view to conserve resources and maintain liquidity, your Directors has not recommended any dividend for the year ended March 31, 2011.

REVIEW OF OPERATION

Taking into account the overall growth of the Company its business activities and profits will increase in years to come.

FIXED DEPOSITS

During the year the company has not taken any public deposit.

FOREIGN EXCHANGE EARNINGS AND OUTGO

There are no foreign exchange earning / outgo during the period under review.

PARTICULARS OF EMPLOYEES

None of the employees of the Company was in receipt of remuneration in excess of limits prescribed under Section 217 (2A) of the Companies Act, 1956. Hence, particulars under the Companies (Particulars of Employees) Rules, 1975 are not given.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

(i) in preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures, if any;

(ii) they have selected the 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 the state of affairs of the Company at the end of the financial year under review and for the profit of the Company for the same period;

(iii) 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;

(iv) they have prepared the Annual Accounts on a going concern basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956, and company's Article of Association, the director retire by rotation at the ensuing Annual general meeting and being eligible offer himself for re-appointment.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

Your company is covered by schedule which requires to furnish details in Form A & B as per provisions of Section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

AUDITORS

S. Chandulal & Co., Chartered Accountants, are being proposed as the Auditors of the Company to hold office until the conclusion of the forthcoming Annual General Meeting and being eligible have offered themselves for re-appointment. The company has received a certificate from them to the effect that their re-appointment, if made, would be within the limits prescribed under Section 214 (IB) of the Companies Act, 1956.

LISTING

The equity shares of the Company is listed at the Bombay Stock Exchange Limited and Ahmadabad Stock Exchange Limited. Trading in equity shares of the company has been suspended.

The management is taking all the necessary steps in order to revoke the suspension of trading in the equity shares of the company.

CORPORATE GOVERNANCE

The company is persistent in following best industry practices hence has adopted clause 49 of the listing agreement. A report on Corporate Governance, along with a certificate from the auditor of the Company, regarding the compliance of conditions of Corporate Governance, and also the Management Discussion and Analysis Report are annexed to this report.

ACKNOWLEDGEMENTS

The Board express their sincere gratitude to the shareholders, Bankers and clients for their continued support. The Board also wholeheartedly acknowledges with thanks the dedicated efforts of all the staffs and employees of the Company.

By order of the Board

For Liverpool Finance Limited

Place: Ahmedabad

Date: September 01, 2011 CHAIRMAN

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Mar 31, 2010

The Directors take pleasure in presenting the Annual Report of the company together with the audited statement of accounts and the Auditors' Report of your Company for the financial year ended on 31st March 2010.

FINANCIAL PERFORMANCE

Particulars As on 31.03.2010 As on 31.03.2009

Income from Operation 925450 569710

Expenditure 612170 571238

Net Profit/Loss before Tax 313280 (1528)

Provision for Tax 96803 0

Profit/(loss) after tax 216477 (1528)

Balance Profit Brought Forward 656723 658251

Balance Profit Carried Forward 873200 656723

The company had a profit of Rs.2,16,477/- during the current year as compared to the previous year loss of Rs.1528/- . The company has accumulated profit of Rs.8,73,200/-

DIVIDEND

In view to conserve resources and maintain liquidity, your Directors has not recommended any dividend for the year ended March 31, 2010.

REVIEW OF OPERATION

Taking into account the overall growth of the Company its business activities and profits will increase in years to come.

FIXED DEPOSITS

During the year the company has not taken any public deposit.

FOREIGN EXCHANGE EARNINGS AND OUTGO

There are no foreign exchange earning / outgo during the period under review.

PARTICULARS OF EMPLOYEES

None of the employees of the Company was in receipt of remuneration in excess of limits prescribed under Section 217 (2A) of the Companies Act, 1956. Hence, particulars under the Companies (Particulars of Employees) Rules, 1975 are not given.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

(i) in preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures, if any;

(ii) they have selected the 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 the state of affairs of the Company at the end of the financial year under review and for the profit of the Company for the same period;

(iii) 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;

(iv) they have prepared the Annual Accounts on a going concern basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956, and company's Article of Association, the director retire by rotation at the ensuing Annual general meeting and being eligible offer himself for re-appointment.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

Your company is covered by schedule which requires to furnish details in Form A & B as per provisions of Section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

AUDITORS

S. Chandulal & Co., Chartered Accountants, are being proposed as the Auditors of the Company to hold office until the conclusion of the forthcoming Annual General Meeting and being eligible have offered themselves for re-appointment. The company has received a certificate from them to the effect that their re-appointment, if made, would be within the limits prescribed under Section 214 (IB) of the Companies Act, 1956.

ACKNOWLEDGEMENTS

The Board express their sincere gratitude to the shareholders, Bankers and clients for their continued support. The Board also wholeheartedly acknowledges with thanks the dedicated efforts of all the staffs and employees of the Company.

By order of the board

For Liverpool Finance Limited

PLACE: Ahmedabad

DATE: September 01, 2010 CHAIRMAN