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Esquire Money Guarantees Ltd.

BSE: 512439 Sector: Financials
NSE: N.A. ISIN Code: N.A.
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Esquire Money Guarantees Ltd. (ESQUIREMONEY) - Director Report

Company director report

DIRECTOR

Your Directors have Pleasure in Presenting the Annual Report together with auditedstatement of accounts for the year ended 31st March 2014

WORKING RESULTS (Amount in Rs)

Particulars 31.03.2014 31.03.2013
Total Income 429750.00 873150.00
Depreciation 138620.00 131689.00
Profit (Loss) Before Tax (69778.12) 93794.37
Provision for Tax-FBT
Provision after Tax (69778.12) 93794.37
Prior Period Adjustments
Balance bought forward (6562210.29) (6656004.76)
Balance carried to Balance Sheet (6631988.41) (6562210.39)

DIVIDEND:

In View of the inadequate Profit your directors do not Proposed any dividend for theyear.

DIRECTORS

Mrs. Rajashree Patile and Mr. Kishor Patil were retires by rotation and being eligibleoffer them selves for re-election.

Mr. Shailesh Parab was appointed as an additional Director of the Company and Mr.Suresh Jajodia esigned from the office Directors of the Company

DIRECTORS' RESPONSIBILITY STATEMENT

Your Directors State:

i) that in the preparation of the annual accounts the applicable accounting standardshad been followed along with proper explanations relating to material departure;

ii) that the Directors had selected such accounting policies and applied themconsistently and made judgments and estimates that ate reasonable and prudent so as togive a true and fair view of the state of affairs of the Company at the end of thefinancial year and the loss of the Company for the period;

iii) That the Directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities.

iv) That the Directors had prepared the annual accounts o a going concern basis.

FIXED DEPOSITS

Your company has neither invited nor accepted any Fixed Deposits from the public duringthe financial year under review.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

Separate notes on Corporate Governance and Management Discussion and Analysis Reportare set out as Annexure "A" and "B" respectively. A Certificate fromthe Auditor of the Company certifying compliance conditions of Corporate Governance asstipulated under Clause 49 of the Listing Agreement is attached to this report.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at BSE Ltd. Mumbai. Trading in company'ssecurities remain suspended at BSE Ltd. for various reasons including non-submission ofdocuments and all possible steps are being taken by the management to get shares traded atthe floor of the BSE Ltd.

BUY-BACK OF SHARES

There was no buy-back of shares during the year under review.

PARTICULARS OF THE EMPLOYEES:

None of the employees employed during the year was in receipt of remuneration in excessof the Prescribed limit specified in section 217 (2A) of the Companies Act 1956 Hencefurnishing of particulars under the Companies ( Particulars of Employees) 1975 does notarise.

AUDITORS

M/s. H. T. Merchant & Company Chartered Accountant Auditors of the Companyretires at the ensuing Annual General Meeting. They have expressed their willingness forreappointment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

During the year under review there were no activities which required heavyconsumption of energy. However adequate measures have been taken to make sure that thereis no wastage of energy. Since the requisite information with regard to the conservationof energy technology absorption (Disclosures of Particulars in the report of Board ofDirectors) Rules is irrelevant/not applicable to the company during the year under reviewthe same are not reported.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange earnings and Outgo is not Applicable to the Company.

ACKNOWLDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operationand support of the Company's Bankers its valued customers employees and all otherintermediaries concerned with the company's business.

Your directors sincerely thank all members for supporting us during the difficult days.We look forward to your continued support and reiterate that we are determined to ensurethat the plans are successfully implemented.

By Order of the Board of
Directors
Place : Mumbai Kishor Patil
Dated : 27th August 2014 Director