| Dear Members,
The Directors are pleased to present the 10th Annual Report of the
Company for the year ended 31st March, 2015.
1. FINANCIAL RESULTS:
Standalone Consolidated
Particulars 2014-15 2013-14 2014-15 2013-14
Rs. Rs. Rs. Rs.
Total Income 6,29,42,455 8,67,71,956 6,29,42,455 8,67,71,956
Total Expenditure 6,23,25,729 8,64,18,724 6,23,51,251 8,65,08,814
Profit before Tax 6,16,726 3,53,232 5,91,204 2,63,142
(Less) : Current
Tax 1,90,568 1,09,149 1,90,568 1,09,149
(Less) : Tax
expenses relating
to Prior Years 61,647 - 61,647 10,467
(Less) : Deferred
Tax Liability
(Asset) (1,45,869) 10,467 (1,45,869) -
Net Profit after tax 5,10,380 2,33,616 4,84,858 1,43,526
(Less) :
Unamortized
Expenses written back - - - -
Add : Brought
forward from
previous year 12,79,661 17,31,045 11,89,571 17,31,045
(Less) :
Adjustment-
Preliminary Expenses - (6,85,000) - (6,85,000)
Balance carried to
Balance Sheet 17,90,041 12,79,661 18,74,429 11,89,571
2. STATE OF COMPANY AFFAIR AND FUTURE OUTLOOK
During the Financial year under review, the Company has recorded a
total income of Rs. 6,29,42,455/- for the current financial year as
compared to Rs. 8,67,71,956 /-, for the previous financial year
registering a decrease of 27.46%.
The Profit After Tax on a standalone basis amounted to Rs. 5,10,380 /-
as against Rs. 2,33,616 /- in the previous year. There has been a
consistent increase in profit of the Company during the financial year
under review.
The Company's short term outlook remains subject to a range of
challenges including: market conditions; the cost of its continued
conservative approach to funding and capital; and potential regulatory
changes and tax uncertainties.
3. DIVIDEND
Considering the future prospects and to strengthening the financial
position of the Company, Directors do not recommend any dividend for
the financial year under review.
4. CONSOLIDATED FINANCIAL STATEMENT
In accordance with the Accounting Standard (AS) - 21 on Consolidated
Financial Statements, the audited consolidated financial statements
forms part of Annual Report 2015.
5. CHANGE IN SHARE CAPITAL
The Authorised Share Capital of the Company is Rs. 18,75,00,000 divided
into 1,87,50,000 Equity Shares of M0 each.
The Paid-up Share Capital of the Company is Rs. 14,14,15,000 divided
into 1,41,41,500 Equity Shares of M0/- each.
There has been no change in the Authorised or Paid-up Share Capital of
the Company during the reported year.
6. TRANSFER TO RESERVES
During the year, considering the operating performance of the Company,
your company has not transferred any amount in General Reserve.
7. LISTING ON SME PLATFORM OF THE BSE LIMITED
The equity shares continue to be listed on the BSE-SME Institutional
Trading Platform of the BSE Limited which has nation-wide terminals and
therefore, shareholders/investors are not facing any difficulty in
trading in the shares of the Company. The Company has paid Listing Fees
to the exchange for the year 2014-15.
8. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL
POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR
TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT
There were no material changes and commitments affecting the financial
position of the Company between the end of the financial year of the
Company to which this financial statement relate on the date of this
Director Report.
9. INSIDER TRADING
The Company has put in place a prevention of Insider Trading Code based
on SEBI(Prohibition of Insider Trading) Regulations,2015. This code is
applicable to all Directors and select employees. The code ensured
prevention of dealing in shares by persons having access to unpublished
price sensitive information.
The aforesaid Code have been disclosed on the website of the Company
viz. www.jaisukh.com.
10. CHANGE IN THE NATURE OF BUSINESS
There has been no change in the nature of business of the Company in
the Financial Year under review.
11. INVESTOR EDUCATION AND PROTECTION FUND
There has been no transfer to the said Investor Education and
Protection Fund during the current year.
12. DIRECTORS AND KEY MANAGERIAL PERSONNEL
a. Non-Executive, Independent & Executive Directors
In accordance with the provisions of the Companies Act, 2013 Mr. Kishan
Kumar Jajodia (DIN - 00674858), Executive Director of the Company, will
retire by rotation at the ensuing 10th Annual General Meeting and being
eligible, offer himself for re-appointment as Managing Director without
any variation in the terms of his appointment.
Pursuant to Section 149 of the Companies Act, 2013 read with the Rules
made thereunder, the Independent Directors shall hold office for a
period of up to 5 consecutive years and shall not be liable to retire
by rotation. They may be appointed for a maximum of two consecutive
terms of up to 5 years each.
In this connection, all the Independent Directors of the Company, viz:
Mr. Somanth Gupta, and Mr. Soumen Sen Gupta were appointed for a term
of five consecutive years commencing from the conclusion of 9th Annual
General Meeting of the Company, keeping in view their educational /
professional qualifications, working experience, expertise in line with
Company's business, positive attributes, already being on the Board of
the Company and benefits that the Company will derive with their
appointment.
Further, the Board of Director of the Company has appointed Mrs.
Balushri Gupta, as an Additional Women Director of the Company on March
31, 2015. She is holding office as an Independent Director of the
Company and is entitled to hold office as additional director up to the
date of ensuing Annual General Meeting. Accordingly, it is proposed to
appoint Mrs. Balushri Gupta as a non-retiring Independent Director of
the Company in accordance with Section 149 of the Companies Act, 2013,
to hold office till the conclusion of 10th AGM, i.e. for tenure of 5
years.
b. CHIEF FINANCIAL OFFICER
Mr. Tanumay Laha is the Chief Financial Officer of the Company.
c. COMPANY SECRETARY
Ms. Nisha Jain continues to hold office as the Company Secretary of the
Company.
13. DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134(3)(c) read with section 134 (5) of the Act, to
the best of their knowledge and belief and according to the information
and explanations obtained by them, the Directors of the Company hereby
make the following statements :
a. In the preparation of Annual Accounts, the applicable Accounting
Standards have been followed along with the proper explanation relating
to material departures, if any.
b. The Directors have selected such accounting policies 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 as on the Financial Year ended on 31st March,
2015 and of the profit of the company for the year under review.
c. The Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Act for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities.
d. The Directors have prepared the annual accounts on a going concern
basis.
e. The Directors have laid down internal financial controls to be
followed by the Company and such internal financial controls are
adequate and were operating effectively.
f. The Directors have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were
adequate and operating effectively.
14. AUDITORS & AUDITORS' REPORT
A. STATUTORY AUDITORS
M/s Bajoria Mayank & Associates, (FRN 327336E), Chartered Accountants
of 19, R. N. Mukherjee Road, Eastern Building, 1st Floor, Kolkata-700
001, Statutory Auditor of the Company at the last Annual General
Meeting held on 26th September, 2014, was appointed for a period of
five years subject to ratification by members at every consequent
Annual General Meeting. As per the provisions of Section 139 of the
Companies Act, 2013, the appointment of Auditors is required to be
ratified by Members at every Annual General Meeting.
B. INDEPENDENT AUDITORS' REPORT
The Report given by the Auditors on the financial statements of the
Company is part of the Annual Report. There has been no qualification,
reservation, adverse remark or disclaimer given by the Auditors in
their Report.
C. SECRETARIAL AUDITORS
Pursuant to the provisions of Section 204 of the Companies Act, 2013
and the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, the Company has appointed Mr. Praveen Sharma,
Company Secretary in Practice, holding C.P. No.14501; Membership
No.A30365 to undertake the Secretarial Audit of the Company.
D. SECRETARIAL AUDIT REPORT
The Secretarial Audit Report does not contain any qualification,
reservation or adverse remark save and except the following :
1) Not submitted Clause-39, Audited Financial Result for the half year
ended on 31.03.2015.
2 Delay in Filing of Form 23AC & 23ACA XBRL regarding filing of Balance
Sheet & Profit & Loss,
MGT-14 regarding adoption of Audited Accounts & disclosure of Interest
by directors, CHG-1 regarding Creation & Modification of Charge.
The Secretarial Audit Report is annexed herewith as Annexure - 1
15. NUMBER OF MEETINGS OF THE BOARD
During the year 2014-15, Six Board Meetings i.e. 25.04.2014,
29.05.2014, 21.08.2014, 13.11.2014, 11.02.2015 & 31.03.2015 were held.
The intervening gap between the Meetings was within the period
prescribed under the Companies Act, 2013.
16. DISCLOSURE PURSUANT TO SECTION 177(8) OF THE ACT- COMPOSITION OF
THE AUDIT COMMITTEE
Pursuant to section 177(8) of the Act disclosure of the Composition of
Audit Committee is given below-
The Audit Committee of the Company comprises of three Non-Executive
Independent Directors and one Non-Executive Non-Independent Director as
on 31st March, 2015 and is chaired by Mr. Somnath Gupta (having DIN:
02238654), Non-Executive Independent Director
During the Financial Year under review, the Committee met four (4)
times and all such meetings were held in accordance with the provisions
of the Act and the Listing Agreement.
Further, the Board of Directors has accepted all the recommendations of
the Audit Committee in the Financial Year 2014-15.
17. COMPOSITION OF THE NOMINATION AND REMUNERATION COMMITTEE
Pursuant to the requirements of Section 178 of the Act, the Nomination
and Remuneration Committee of the Company comprises of two Non
Executive Independent Directors and one Non Executive Non- Independent
Director.
18. COMPOSITION OF THE STAKEHOLDERS RELATIONSHIP COMMITTEE
Pursuant to the requirements of Section 178 of the Act, the
Stakeholders Relationship Committee of the Company consists of two Non
Executive Independent Directors and one Executive Director.
19. PARTICULAR OF LOANS, GURANTEES AND INVESTMENT UNDER SECTION 186 OF
THE COMPANIES ACT, 2013
Details of Loans and Advances and Investments covered under the
provisions of Section 186 of the Companies Act, 2013 are given in the
notes to the Financial Statements.
20. EXTRACT OF THE ANNUAL RETURN
The Extract of the Annual Return as on the financial year ended on 31st
March, 2015, in Form MGT-9 pursuant to section 92(3) of the Companies
Act, 2013 and Rule 12(1) of the Companies (Management and
Administration) Rules, 2014 is appended to the Board's Report in
Annexure-2.
21. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO
a. CONSERVATION OF ENERGY:
The Company has no activity relating to conservation of energy.
b. TECHNOLOGY ABSORPTION:
In terms of Section 134 (3) (m) of the Companies Act, 2013 read with
the Rules made there under, the Company has no activity relating to
Technology Absorption. Further, the Company has not entered into any
technology transfer agreement.
c. FOREIGN EXCHANGE EARNINGS AND OUTGO:
The Company does not have Foreign Exchange Earnings and outgo during
the financial year under review.
22. CORPORATE GOVERNANCE REPORT
Pursuant to SEBI Circular No. CIR/CFD/POLICY CELL/7/2014 dated 15th
September, 2014 Clause 49 (Clause 52 of SME Equity Listing Agreement)
is not applicable to the company.
23. POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION
The Board has, on the recommendation of the Nomination & Remuneration
Committee framed a policy for selection and appointment of Directors,
Senior Management and their remuneration including criteria for
determining qualifications, positive attributes, independence of a
Director and other matters provided under sub-section (3) of section
178 relating to the remuneration for the Directors, key managerial
personnel, and other employees. As required by the Rule 5 of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014
24. VIGIL MECHANISM / WHISTLE BLOWER POLICY
Pursuant to the provisions of Section 177(9) and 177(10) of the Act
read with the Companies (Meetings of Board and its Powers) Rules, 2014
the Company has a Vigil Mechanism/ Whistle Blower policy for directors
and employees to deal with instance of fraud and mismanagement, if any.
The details of the Vigil Mechanism is explained on the website of the
Company.
25. ANNUAL ACCOUNTS OF THE SUBSIDIARIES
In accordance with Section 129(3) of the Companies Act, 2013 and rules
thereunder, the Consolidated Financial Statement is presented in the
Annual Report 2015 and in compliance with the Act and the Company has
also attached along with its financial statement, a separate statement
containing the salient features of the financial statement in i.e.,
Form AOC-1 annexed herewith as Annexure - 3.
In accordance with section 136 of the Companies Act, 2013, the audited
financial statements together with the Consolidated Financial
Statements and related information of the Company and audited accounts
of each subsidiary company are available on the Company's Website
www.jaisukh.com. The Company will provide a copy of the annual accounts
in respect of each Subsidiary to the shareholder of the Company who
asks for it and the said annual accounts will also be kept open for
inspection at the Registered Office of the Company and that of the
respective Subsidiary Companies. It shall also lay down the Separate
Financial Statements of the Subsidiaries with the Financial Statement
of the Company in its Annual General Meeting.
26. NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE THE COMPANY'S
SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR
UNDER REVIEW
Name of the Companies which became subsidiaries in the financial year
under review are as follows:
- JDL Properties Limited
- JDL Projects Limited
- Conflate Projects Limited
- Conflate Properties Limited
- Conflate Homes Limited
- Conflate Housing Limited
- Conflate Marketing Limited
- Conflate Residency Limited
- Realview Builders Limited
- Realview Consultants Limited
- Realview Homes Limited
- Realview Housing Limited
- Realview Projects Limited
- Realview Residency Limited
Further during the financial year 2014-15, 14 subsidiary companies was
formed but has not invested in the share capital during the year under
review. Moreover the subsidiaries have not commenced any business
during the financial year under review 2014-15.
Further, the Company does not have any associate companies (as defined
in Section 2(6) of the Act) nor is associated with any joint ventures
and therefore disclosure requirement pursuant to Rule 8 of the
Companies (Accounts) Rules, 2014 is not applicable for the Company.
27. DETAILS RELATING TO DEPOSITS COVERED UNDER CHAPTER V OF THE ACT
Your Company has neither accepted during the year nor held at the end
of the year any Public Deposit.
28. DETAILS OF DEPOSITS WHICH ARE NOT IN COMPLIANCE WITH THE
REQUIREMENTS OF CHAPTER V OF THE ACT
Since the Company has neither accepted any deposits during the
financial year under review nor has any outstanding deposits as on 31st
March, 2015, therefore there are no disclosures as specified in Rule
8(5)(vi) of the Companies (Accounts) Rules, 2014, for non-compliance
with the requirements of Chapter V of the Act.
29. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE
REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS
AND THE COMPANY'S FUTURE OPERATIONS
There were no significant material orders passed by the Regulators /
Courts which would impact the going concern status of the Company and
its future operations in the concerned financial year.
30. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH
REFERENCE TO THE FINANCIAL STATEMENTS
The Company has adequate system of internal control to safeguard and
protect from loss, unauthorized use or disposition of its assets. All
the transactions are properly authorized, recorded and reported to the
Management. The Company is following all the applicable Accounting
Standards for properly maintaining the books of accounts and reporting
financial statements.
Pursuant to the section 177(4)(vii) of the Act, the Audit Committee has
been empowered by the Board in its meeting to review the adequacy of
internal financial controls and the risk management systems of the
Company.
Thus, the audit committee ensures that there is a direct relationship
between the Company's objectives and the internal financial controls it
implements to provide reasonable assurance about their achievement.
31. NOMINATION AND REMUNERATION POLICY
Section 178 of the Act, read with Rules made thereunder defines the
role of the Nomination and Remuneration Committee to include, interalia
amongst others, the following:
a. To formulate the criteria for determining qualifications, positive
attributes and independence of a director and to recommend to the Board
a policy, relating to the remuneration of the directors, key managerial
personnel and other employees.
b. To identify persons who are qualified to become directors and who
may be appointed in senior management in accordance with the criteria
laid down, and recommend to the Board their appointment and removal.
The shareholders may also visit the Company's website www.jaisukh.com
for the detailed Nomination and Remuneration Policy of the Company on
Directors appointment and remuneration.
32. MANNER OF FORMAL ANNUAL PERFORMANCE EVALUATION OF THE BOARD,
INDIVIDUAL DIRECTORS AND COMMITTEES
Pursuant to Section 134(3)(p) of the Act read with Rule 8(4) of the
Companies (Accounts) Rules, 2014, other applicable provisions of the
Act, and various applicable clauses of the Listing Agreement, the
manner in which annual performance of individual directors and the
committees was evaluated in the reported year is described hereunder:-
a. The Nomination & Remuneration Committee also identifies persons
qualified to become directors and who may be appointed in senior
management in accordance with the criteria laid down, and recommends to
the Board their appointment and removal and carries out the evaluation
of every director's performance in accordance with Section 178(2) of
the Act read with the Rules framed thereunder
b. The performance evaluation criteria of the Board and Independent
Directors have been formulated by the Nomination and Remuneration
Committee Pursuant to Companies Act, 2013.
c. Pursuant to section 178(2) of the Act, the Nomination and
Remuneration Committee of the Company carries out the performance
evaluation of the individual directors.
d. Pursuant to Clause VIII of Schedule IV of Companies Act, 2013, the
performance evaluation of the Independent Directors is perused by the
entire Board of Directors, excluding the director being evaluated. On
the basis of the report of performance evaluation, the extension of the
term of appointment or its continuance in respect of the independent
directors is considered.
33. DISCLOSURE PURSUANT TO RULE 5 OF THE COMPANIES APPOINTMENT AND
REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
The Company has no employee whose remuneration exceeds the limit
prescribed under section 197 read with Rule 5(2) of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.
Further, Various disclosures pursuant to the section 197 read with Rule
5(1) of The Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 are provided herein below:
a) Ratio of Remuneration of each director to the median remuneration of
the employees of the Company for the financial year.
Directors Ratio of Remuneration to Median
Remuneration
Mr. Kishan Kumar Jajodia - Managing
Director 5
Mr. Prakash Kumar Jajodia -
Non-executive Director - No remuneration or
sitting fees was paid
Mr. Somnath Gupta- Non-executive
Director - No remuneration or sitting
fees was paid
Mr. Soumen Sen Gupta - Non-executive
Director - No remuneration or sitting
fees was paid
Mrs. Balushri Gupta Since this information is for
part of the year, the
- Non-executive Director
w.e.f. 31.03.2015 same is not comparable. It
be further noted that no
remuneration or sitting fees
was paid to her.
b) The percentage increase in the remuneration of each Director, Chief
Financial Officer, Chief Executive Officer, Company Secretary or
Manager, if any, in the financial year
Directors, Chief Executive
Officer, Chief Financial % increase in remuneration in the
Officer and Company Secretary Financial Year
Mr. Kishan Kumar Jajodia -
Managing Director - No increase in remuneration
Ms. NIsha Jain-Company Secretary - No increase in remuneration
Mr. Tanumay Laha - Chief
Financial Officer - No increase in remuneration
Mr. Prakash Kumar Jajodia -
Non Executive Director - No remuneration or sitting fees
was paid
Mr. Somnath Gupta - Non Executive
Director - No remuneration or sitting
fees was paid
Mr. Soumen Sen Gupta - Non
Executive Director - No remuneration or sitting fees
was paid
c) The percentage increase in the median remuneration of the employees
in the financial year.
There has been no increase or decrease in the median remuneration of
the employees during the financial year under review.
d) The number of permanent employees on the rolls of the company-
As on 31st March, 2015, there are 9 employees on the roll of the
Company.
e) The explanation on the relationship between average increase in
remuneration and company performance.
There has been no increase in remuneration of any of the Directors or
employees.
f) Comparison of the remuneration of the Key Managerial Personnel
against the performance of the company.
Comparitive Parameter Amount (in Rs.)
Aggregate remuneration of Key Managerial Personnel
(KMP) in the Financial Year 2014-15. 3,24,000
Total Revenue 6,29,42,455
Remuneration of KMP's as a percentage of Total Revenue 0.51%
Profit before tax 6,16,726
Remuneration of KMP's as a percentage of Profit before Tax 52.54%
Profit after tax 5,10,380
Remuneration of KMP's as a percentage of Profit after Tax 63.48%
g) Variations in :
i. The market capitalisation of the Company, price earnings ratio as
at the closing date of the current financial year and previous
financial year.
Particulars 31st March 2015 31st March, 2014 % Change
Market
Capitalisation Rs. 4,72,32,61,000 Rs. 91,91,97,500 413.85%
Price Earnings
Ratio 8350 3250 156.92%
ii. Percentage increase over decrease in the market quotations of the
shares of the company in comparison to the rate at which the Company
came out with the last public offer.
Particulars 31st
March,
2015 (IPO) % Change
Market Price - The Company has not made any 0.00
Public Issue or Rights issue of
securities in the last 10 years,
so comparison have not been made
of current share price with public
offer price.
h. Average percentile increase already made in the salaries of
employees other than the managerial personnel in the last financial
year and its comparison with the percentile increase in the managerial
remuneration and justification thereof.
There were no exceptional circumstances or increase for managerial
personnel in the last financial year. The percentile increase process
and policy was same for the managerial personnel and all the other
employees.
i. Comparison of the each remuneration of the Key Managerial Personnel
against the performance of the company.
(in Rs.)
Comparative Parameter Kishan Kumar Nisha Jain
Jajodia (Company
Secretary)
(Managing
Director)
Amount (in Rs.) Amount (in Rs.)
Aggregate remuneration of Key Managerial
Personnel (KMP) in the Financial
Year 2014-15. 1,80,000 1,44,000
Total Revenue 6,29,42,455 6,29,42,455
Remuneration of KMP's as a
percentage of
Total Revenue 0.29% 0.23%
Profit before tax 6,16,726 6,16,726
Remuneration of KMP's as a
percentage of
Profit before Tax 29.19% 23.35%
Profit after tax 5,10,380 5,10,380
Remuneration of KMP's as a
percentage of
Profit after Tax 35.27% 28.21%
j. The key parameters for any variable component of remuneration
availed by the directors.
Any variable component of remuneration payable to the Directors is
based on the parameters, as approved by the Board of Directors, on the
basis of the recommendation of the Nomination and Remuneration
Committee. The said parameters are set considering the provisions of
applicable regulations and Nomination & remuneration Policy of the
Company.
k. The ratio of the remuneration of the highest paid director to that
of the employees who are not directors but receive remuneration in
excess of the highest paid director during the year.
None of the employees' remuneration is more than that of the highest
paid director for the Financial Year under review.
l. Affirmation that the remuneration is as per the remuneration policy
of the company.
The Board of Directors hereby affirm that the remuneration paid to all
directors, Key Managerial Personnel is in accordance with the
Nomination and Remuneration Policy of the Company.
34. Policy on Corporate Social Responsibility (CSR) Initiatives.
Pursuant to provisions of Section 135 of the Act, the Company is not
required to constitute a Corporate Social Responsibility Committee or
to undertake any CSR activities.
Therefore, the Company is not required to make any disclosure as
specified in Section 134(3) (o) of the Act.
35. GREEN INITIATIVE
To support the 'Green Initiative' in the Corporate Governance taken by
the Ministry of Corporate Affairs, to contribute towards greener
environment and to receive all documents, notices, including Annual
Reports and other communications of the Company, investors should
register their e-mail addresses with CB Managements Services Pvt. Ltd.,
P-22, Bondel Road, Kolkata-700 019, Phone No.033- 2280/6692/93/94/2486,
4011-6700/6711/6717/6723, E-Mail ID: rta@cbmsl.com, Fax-033-40116739 if
shares are held in physical mode or with their DP if the holding is in
electronic mode.
The Annual Report and Notice of the Annual General Meeting are sent to
all members whose e-mail addresses are registered with the
Company/Depository Participants) in Electronic Copies. Physical copies
of Annual Report and Notice of the Annual General Meeting are sent in
the permitted mode to the members who have not registered their email
address.
Pursuant to Section 108 of the Companies Act, 2013, the Company is
providing e-voting facility to all the members to enable them to cast
their votes electronically on all the resolutions set forth in the
Notice.
36. RISK MANAGEMENT
The Company has adopted a Risk Management Policy in accordance with the
provisions of Section 134(3)(n) of the Act. It establishes various
levels of accountability and overview within the Company, while vesting
identified managers with responsibility for each significant risk. The
development and implementation of risk management policy has been
covered in the management discussion and analysis, which forms part of
this report
37. MANAGEMENTS DISCUSSION AND ANALYSIS
In accordance with the listing requirement, the Management's Discussion
and Analysis is presented in a separate section forming part of the
Annual Report 2014-15.
38. COMPLIANCE TO THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION, AND REDRESSAL) ACT, 2013 READ WITH THE SEXUAL
HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION, AND
REDRESSAL) RULES, 2013
The Company believes in creating a safe environment for the employees
which is free from any discrimination Pursuant to the Sexual Harassment
of Women at Workplace (Prevention, Prohibition, and Redressal) Act,
2013 read with the Sexual Harassment of Women at Workplace (Prevention,
Prohibition, and Redressal) Rules, 2013, the Company has formed an
Internal Complaints Committee where employees can register their
complaints against sexual harassment. Mrs. Balushri Gupta is the
Presiding Officer to the Committee.
The Directors of the Company state that during the year under review,
there were no cases filed pursuant to the Sexual Harassment of Women at
Workplace (Prevention, Prohibition, and Redressal) Act, 2013.
39. ACKNOWLEDGEMENT
The Directors would like to place on record their gratitude for the
valuable guidance and support received from the Reserve Bank of India,
Securities and Exchange Board of India, Registrar of Companies and
other government and regulatory agencies and to convey their
appreciation to customers, bankers, and all other business associates
for the continuous support given by them to the Company. Your directors
take this opportunity to place on record their deep sense of
appreciation for the total commitment, dedication and hard work put in
by the employees of the Company Lastly, your directors are deeply
grateful for the continuous confidence and faith shown by the members
of the Company.
Place : Kolkata ON BEHALF OF THE BOARD OF DIRECTORS
Dated : 30.05.2015 For Jaisukh Dealers Ltd.
Soumen Sen Gupta
Chairman
DIN-02290919 |