AFFLUENCE

DIRECTORS' REPORT

Dear Shareholders,

Your Directors have pleasure in presenting the 7th Annual Report of the Company together with the Audited Statement of Accounts for the period ended on 31st March, 2014.

Financial Results

Dividend

No dividend is being declared or paid during the financial year under review.

Public Deposits

The Company has not accepted any Deposits within the meaning of Section 73 of the Companies Act, 2013 and the Rules made there under.

Directors

In terms of provisions of section 152 of the Companies Act, 2013, Mr. Deepak Goyal, Director shall retire by rotation and being eligible offers himself for reappointment. Your directors recommend their reappointment at the ensuing Annual General Meeting.                                  

Directors Responsibility Statement

Pursuant to Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013, for the Financial Year 2013-14, your Directors report as under:-

(i)             that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures (if any);

(ii)            that the directors had selected such accounting policies and applied them consistently and made  judgments  and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the company for that period;

(iii)           that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(iv)          that the directors had prepared the annual accounts on a going concern basis;and

(v)           that the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Board?s Meet

Your Board of Directors duly meets during the year as and when necessary for the proper functioning of the Company. Resolutions passed by circulation during the year were duly noted at the meeting of the Board of Directors.

Statutory Auditors

M/s. N.C. Aggarwal & Company, Chartered Accountants, Auditors of the Company will retire at the forthcoming Annual General Meeting, and are eligible for re-appointment. A Certificate from the Auditors has been received to the effect that their re-appointment, if made, would be in compliance with the provisions of Section 139 and 141 of the Companies Act, 2013.

Particulars of Employees

None of the employees of the Company was in employment of the Company in accordance with the Clause 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo.

As required under Section 134(3)(m) of the Companies Act, 2013, read with Clause 8(3) of The Companies (Accounts) Rule, 2014, information relating to conservation of energy, technology absorption and foreign exchange earning and outgo.

The Company is conscious of the need to keep all the cost elements at the barest minimum level including the energy cost. It is also aware of the responsibility to conserve energy in an overall energy shortage situation.

There is no foreign exchange earnings and outgo during the financial year ended 31st March 2014.

Acknowledgement

Your Directors place on record their gratitude to the Shareholders, Bankers and other stakeholders for the assistance, co-operation and encouragement they extended to the Company.

On behalf of the Board of Directors

 JITF Infralogistics Limited

Place: New Delhi                                                                                             

Dated: 12th May, 2014