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MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 1
5th
ANNUAL REPORT
OF
MMS INFRASTRUCTURE LIMITED
FOR THE YEAR
2013-14
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 2
CONTENTS
PARTICULARS PAGE NOS.
MMS INFRASTRUCTURE LIMITED :
Notice of Annual General Meeting 04
Directors’ Report 08
Auditors Report 11
Balance Sheet 16
Statement of Profit & Loss 17
Cash Flow Statement 18
Schedule & Notes to Accounts 20
Proxy Form and Attendance Slip 31
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 3
CORPORATE INFORMATION
BOARD OF DIRECTORS
Dr. Krishna .Kumar. Menon Chairman & Managing Director
Mr. Rajiv Nair Director
Mr. Murlidharan Nair Non Executive Independent Director
Mrs.Vasundhara Atre Non Executive Independent Director
BANKERS
ICICI BANK
Plot No. X-513, Technocity,
Next to Sarovar Portico,
Mahape, Navi Mumbai-400701
REGISTRAR & SHARE TRANSFER AGENT
Link Intime India Pvt. Ltd
C-13, Pannalal Silk Mills Compound,
L.B.S. Marg, Bhandup (West),
Mumbai - 400078.
REGISTERED OFFICE
Plot No. El/63, TTC Industrial Area,
Electronic Zone, Mahape,
Navi Mumbai - 400710
PROPERTY LOCATION
Building No.2,
Sector-2,
MBP, Mahape,
Navi Mumbai-400701
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 4
NOTICE is hereby given that the Fifth Annual General Meeting of MMS Infrastructure Limited will be held
at Hotel Celebrations, Plot No. L-1, Sector 19, Vashi, Navi Mumbai – 400 705 on Monday, December 22, 2014
at 4.30 p.m. to transact the following business:
ORDINARY BUSINESS:
1. To receive, consider and adopt the Directors’ Report, Auditors’ Report and Audited Balance Sheet as at 31st
March, 2014 and Profit and Loss Account for the year ended on that date together with notes and schedules
attached thereto and the Reports of the Directors and Auditors thereon.
2. To appoint the retiring auditors, M/s. R A R and Associates (Formerly known as M/s. Anil Goyal & Co.),
Chartered Accountants, as statutory Auditors of the Company to hold office from the conclusion of this
Annual General Meeting until the conclusion of next Annual General Meeting and to authorize the Board
of Directors to fix their remuneration..
3. To appoint a director in place of Mr. Rajiv Nair who retired by rotation and being eligible, offers himself
for re-appointment.
SPECIAL BUSINESS:
4. To consider and if thought it, to pass with or without modification(s), the following resolution as an
Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any other applicable
provisions of the Companies Act, 2013 and the rules made thereunder (including any statutory
modification(s) or re-enactment thereof for the time being in force) read with Schedule IV of the
Companies Act, 2013, Dr. Vasundhara Atre (DIN 02937582), an existing Independent Director of the
Company, who has submitted a declaration that he meets criteria for independence as provided in section
149(6) of the Act and who is eligible for appointment, and in respect of whom the Company has received a
notice in writing from a member proposing his candidature for the office of Director, be and is hereby
appointed as an Independent Director of the Company, for a period of 5 (five) years with effect from 22nd
December, 2014 to 21st December, 2019”
5. To consider and if thought fit, to pass with or without modification(s), the following resolution as an
Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any other applicable
provisions of the Companies Act, 2013 and the rules made thereunder (including any statutory
modification(s) or re-enactment thereof for the time being in force) read with Schedule IV of the
Companies Act, 2013, Mr. Murlidharan Nair (DIN 05217743),an existing Independent Director of the
Company, who has submitted a declaration that he meets criteria for independence as provided in section
149(6) of the Act and who is eligible for appointment, and in respect of whom the Company has received a
notice in writing from a member proposing his candidature for the office of Director, be and is hereby
appointed as an Independent Director of the Company, for a period of 5 (five) years with effect from 22nd
December, 2014 to 21st December, 2019”
Date: 28th
November, 2014 For and on behalf of the Board of Directors
Place: Navi Mumbai MMS Infrastructure Limited
Sd/-
Dr. Krishnakumar Menon
(Managing Director)
DIN: 00926405
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 5
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT
ONE OR MORE PROXIES TO ATTEND AND VOTE ON A POLL ONLY INSTEAD OF HIMSELF
AND THE PROXY NEED NOT BE A MEMBER.
2. A proxy form duly completed and stamped, must reach the registered office of the Company not less than
48 hours before the time for holding the aforesaid meeting.
3. Members/ Proxies should bring the Attendance slips duly filled in for attending the meeting.
4. The register of members and the share transfer books of the Company will remain closed from 17th
December, 2014 to 22nd
December, 2014 (both days inclusive) in connection with the Annual General
Meeting.
5. The Ministry of Corporate Affairs vide their Letter no. 5/12/2007-CL-III dated 8th
February, 2011 has
granted a general exemption under Section 212 (8) of the Companies Act, 1956 for publication of the
Accounts of subsidiary companies, subject to fulfillment of certain conditions. In view of the same, your
Company is also exempted from publication of the accounts of its subsidiaries under the provisions of
Section 212 of the Companies Act, 1956. These documents will be submitted on request to any member
wishing to have a copy on receipt of such request by the Company at the Registered Office of the
Company. These documents will also be available for inspection by any Member of the Company at the
Registered Office of the Company and the Registered Offices of the respective subsidiary Company during
working hour up to the date of the Annual General Meeting.
6. The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent Account
Number (PAN) by every participant in securities market. Members holding shares in electronic form are,
therefore, requested to submit the PAN to their Depository Participants with whom they are maintaining
their demat accounts. Members holding shares in physical form can submit their PAN details to the
Company.
7. Electronic copy of the Annual Report is being sent to all the members whose email IDs are registered with
the Company/Depository Participants(s) for communication purposes unless any member has requested for
a hard copy of the same. For members who have not registered their email address, physical copies by
permitted mode.
8. Members holding shares in dematerialized form are requested to intimate all changes pertaining to their
bank details, National Electronic Clearing Service (NECS), Electronic Clearing Service (ECS), mandates,
nominations, power of attorney, change of address, change of name, e-mail address, contact numbers, etc.,
to their Depository Participant (DP). Changes intimated to the DP will then be automatically reflected in
the Company’s records which will help the Company and the Company’s Registrars and Transfer Agents
(RTA) to provide efficient and better services.
9. Members holding shares in physical form are requested to intimate such changes to RTA.
10. Members holding shares in physical form are requested to consider converting their holdings to
dematerialized form. Members can contact the RTA for assistance in this regard.
11. Members holding shares in physical form in identical order of names in more than one folio are requested
to send to the RTA the details of such folios together with the share certificates for consolidating their
holding in one folio. A consolidated share certificate will be returned to such Members after making
requisite changes thereon.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 6
12. In case of joint holders attending the meeting, the Member whose name appears as the first holder in the
order of names as per the Register of Members of the Company will be entitled to vote.
13. All documents referred to in the above Notice are open for inspection at the Registered Office of the
Company on all working days (except Saturdays, Sundays and holidays) between 10.00 a.m. to 12.30 p.m.
upto the date of the Annual General Meeting.
14. The explanatory statement pursuant to Section 102 of the Companies Act, 2013 is annexed herewith.
Date: 28th
November, 2014 For and on behalf of the Board of Directors
Place: Navi Mumbai MMS Infrastructure Limited
Sd/-
Dr. Krishnakumar Menon
(Managing Director)
DIN: 00926405
Explanatory Statement pursuant to Section 102 (2) of the Companies Act, 2013.
Item no. 4
Dr. Vasundhara Atre, is an Independent Director of the Company and also a member of Audit Committee, and
Investors Grievance Committee.
Dr. Vasundhara Atre is proposed to be appointed as an Independent Director of the Company with effect from 22nd
December, 2014 to 21st December, 2019. A notice has been received from a member proposing Dr. Atre as a
candidate for the office of Director of the Company. In the opinion of the Board, Dr. Atre fulfils the conditions
specified in the Companies Act, 2013 and rules made thereunder for her appointment as an Independent Director of
the Company and is independent of the management.
Dr. Vasundhara is a practicing Cardiothoracic Vascular Anaesthesiologist at Bombay Hospital. She has a
professional experience spanning over two decades and has conducted over 10,000 surgeries so far. She is also a
regular columnist with Times Wellness and has over 400 articles published in the last decade. She is a life member
of the IMA, Maharashtra Medical Council and other prestigious associations and is currently pursuing her M.Phil in
Hospital and Health Systems Management at BITS Pilani. Dr. Vasundhara is also on the Board of Maestros
Electronics & Telecommunications Systems Limited as an Independent Director.
Copy of the draft letter for appointment of Dr. Atre as an Independent Director setting out the terms and conditions
would be available for inspection without any fee by the members at the registered office of the Company during
normal business hours on any working day (except Saturdays, Sundays and holidays) between 10.00 a.m. to 12.30
p.m.
The Board considers that her continued association would be of immense benefit to the Company and it is desirable
to continue to avail the services of Dr. Atre. Accordingly, the Board recommends the resolution in relation to
appointment of Dr. Atre as an Independent Director, for the approval by the shareholders of the Company.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 7
Except Dr. Atre, none of the Directors and Key Managerial Personnel of the Company are concerned or interested,
financial or otherwise, in the resolution set out at Item No. 4
This Explanatory Statement may also be regarded as a disclosure under Clause 49 of the Listing agreement with the
Stock Exchange and may also be considered sufficient compliance under the provisions of Section 152 of the
Companies Act, 2013.
Item no. 5
Mr. Murlidharan Nair is an Independent Director of the Company and also a member of Audit Committee, and
Investors Grievance Committee.
Mr. Murlidharan Nair is Bachelor of Commerce and has also done Masters in Marketing Management from NMIMS
and has working experience more than 33 years with Air India. He is also on the Board of Maestros Electronics &
Telecommunications Systems Limited and Maestros Mediline Systems Limited as an Independent Director.
Mr. Nair is proposed to be appointed as an Independent Director of the Company with effect from 22nd
December,
2014 to 21st December, 2019. A notice has been received from a member proposing Mr. Nair as a candidate for the
office of Director of the Company. In the opinion of the Board, Mr. Nair fulfils the conditions specified in the
Companies Act, 2013 and rules made thereunder for his appointment as an Independent Director of the Company
and is independent of the management.
Copy of the draft letter for appointment of Mr. Nair as an Independent Director setting out the terms and conditions
would be available for inspection without any fee by the members at the registered office of the Company during
normal business hours on any working day (except Saturdays, Sundays and holidays) between 10.00 a.m. to 12.30
p.m.
The Board considers that him continued association would be of immense benefit to the Company and it is desirable
to continue to avail the services of Mr. Nair. Accordingly, the Board recommends the resolution in relation to
appointment of Mr. Nair as an Independent Director, for the approval by the shareholders of the Company.
Except Mr. Nair, none of the Directors and Key Managerial Personnel of the Company are concerned or interested,
financial or otherwise, in the resolution set out at Item No. 5
This Explanatory Statement may also be regarded as a disclosure under Clause 49 of the Listing agreement with the
Stock Exchange and may also be considered sufficient compliance under the provisions of Section 152 of the
Companies Act, 2013.
Date: 28th
November, 2014 For and on behalf of the Board of Directors
Place: Navi Mumbai MMS Infrastructure Limited
Sd/-
Dr. Krishnakumar Menon
(Managing Director)
DIN: 00926405
Address: A1101/1102,
Apollo Hiranandani Estate,
Godbunder Road, Patlipada,
Thane(W),Mumbai-400607
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 8
MMS INFRASTRUCTURE LIMITED
DIRECTORS’ REPORT
Dear Shareholders,
Your Directors hereby present their Fifth Annual Report together with the Audited Accounts of the Company for the
year ended 31st March, 2014.
1. Financial Results
Particulars 2013-14
(in Rs.)
2012-13
(in Rs.)
Total Income 3,83,06,994 2,47,93,290
Less: Expenditure 66,59,038 76,82,012
Profit/ (Loss) before Depreciation, Finance Charges and Tax 3,16,47,956 1,71,11,278
Less: Interest and Financial Charges 1,73,30,524 1,93,59,972
Less: Depreciation 88,78,339 88,19,441
Profit/(Loss) before Tax 54,39,093 (1,10,68,135)
Less: Provision for Taxation 31,34,496 -
Less: Deferred Tax 34,32,505 40,35,188
Profit / (Loss) after tax (11,27,908) (1,51,03,323)
Less: Prior Period Taxation adjustment - (11,94,174)
Profit/ (Loss) for the year (11,27,908) (1,39,09,149)
Add: Balance brought forward from previous year 1,29,55,647 2,68,64,796
Profit available for appropriation
(Appropriated as per Scheme of Arrangement) - -
Less: Appropriations Transfer to General Reserve - -
Balance carried forward 1,18,27,739 1,29,55,647
2. Management Discussion And Analysis
(a) Industry Structure and Development: The performance of your Company during the year under report has
shown good improvement over the previous year. The total revenue from the operations for the year ended
March 31, 2014 amounted to Rs. 3.62 crores, as against Rs. 2.39 crores, have increased by 51.64% over the last
year as last year’s revenue.
(b) Segment wise operational performance: Your Company has only one main segments of business viz.
subletting immovable properties.
(c) Internal control systems and their adequacy: Your Company has well established and adequate systems for
internal control to provide reasonable assurance that all assets are safeguarded; transactions are authorized and
reported correctly.
(d) Human Resources Your Company continuously endeavors to improve the work environment for its employees.
Competitive compensation package, innovative and challenging environment to work, transportation facilities,
etc., are some of the steps taken by the Company for the welfare of its employees.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 9
3. Directors
The Board have appointed Mr. Rajiv Krishnan Nair w.e.f. 1st April, 2013.
4. Disclosure Under Section 274(1)(g)
None of the Directors of the Company are disqualified from being appointed as Directors as specified under
Section 274(1)(g) of the Companies Act, 1956 as amended by the Companies (Amendment) Act, 2000.
5. Corporate Governance
The Company has listed its equity shares with Bombay Stock Exchange (BSE) w.e.f. 25th
June, 2014 vide letter
received from BSE ref Notice No.20140623-18.i.e. Since the listing has been made after end of the financial
year 31st March, 2014, Corporate Governance Report as required under Clause 49 of the listing agreement is not
applicable to the company for the financial year 2013-14.
6. Code of Conduct
As mentioned in above para 5, the code of conduct is not applicable for the Company for the financial yer
ending 31st March, 2014, Howver in the financial year 2014-15 the Company has framed a Code of Conduct as
per the listing agreement which is applicable to all the Directors and senior management of the Company.
7. Explanation by the Board on reservations made by the Statutory Auditor in the Audit Report
The Auditors have made reservation that "The company is not regular in depositing with appropriate
authorities." The Board of Directors hereby explain that there were certain irregularities in deposits with
appropriate authorities but the Board has initiated measures to avoid the same in future.
8. Particulars of Employees
None of the employees are covered under Section 217(2A) of the Companies Act, 1956 read with the
Companies (Particulars of Employees) Rules, 1975 as amended.
9. Public Deposits The Company has not accepted any Fixed Deposits from the Public / Shareholders.
10. Dividend
With a view to conserve resources for funding any future business requirements and expansion plans, your
Directors have not recommended any dividend for the current period.
11. Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo
Disclosure of information in accordance with the provisions of Section 217(1) (e) of the Companies Act, 1956,
read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding
conservation of energy and technology absorption is not applicable to your Company.
12. Share Capital
As on 31st March, 2014, the Authorized and Paid up Share capital of the Company were Rs. 9,00,00,000
divided into 90,00,000 Equity Shares of Rs.10/- each.
13. Directors Responsibility Statement
Pursuant to the requirement of Section 217(2AA) of the Companies Act, 1956, and based on representations
received from operating management, the Directors hereby confirm that:
in the preparation of the annual accounts, the applicable accounting standards have been followed and there
are no material departures;
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 10
they have selected such accounting policies in consultation with the statutory auditors 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 as at March 31, 2014;
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; and
They have prepared the annual accounts on a going concern basis.
14. Statutory Auditors
M/s. R A R & Associates, Chartered Accountants, Mumbai, the statutory auditors of the Company retire at 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 as per the Companies Act, 2013.
15. Acknowledgement
The Board of Directors of the Company wish to place on record their thanks and appreciation to Government
agencies, all the members and executives for their contribution and support to the Company.
On behalf of the Board of Directors of
MMS Infrastructure Limited
Sd/- Sd/-
Dr. K. K. Menon Mr. Rajiv Nair
[Director] [Director]
Place: Navi Mumbai
Date: 28th
November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 11
INDEPENDENT AUDITOR’S REPORT
To the Members of
MMS INFRASTRUCTURE LIMITED.
Report on the Financial Statements
We have audited the accompanying financial statements of MMS INFRASTRUCTURE LIMITED, which
comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for
the year then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that give a true and fair view of the
financial position, financial performance and cash flows of the Company in accordance with the Accounting
Principles generally accepted in India, including the accounting standards notified under the Companies Act, 1956
(“the Act”), read with general circular 8/2014 dated 4 April 2014 issued by the ministry of Corporate affairs. This
responsibility includes the design, implementation and maintenance of internal control relevant to the preparation
and presentation of the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those
Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks
ofmaterial misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers internal control relevant to the Company’s preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made
by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the financial
statements give the information required by the Act in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India:
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 12
a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;
b) in the case of the Profit and Loss Account, of the loss for the year ended on that date; and
c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2003 (“theOrder”) issued by the Central
Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a
statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
a) we have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purpose of our audit;
b) in our opinion proper books of account as required by law have been kept by the Company so far as
appears from our examination of those books
c) the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report
are in agreement with the books ofaccount.
d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply with
the Accounting Standards referred to in subsection (3C) of section 211 of the Companies Act, 1956,
read with genral circuler 8/2014 dated 4 april 2014 issued by the ministry of Corporate affairs;
e) on the basis of written representations received from the directors as on March 31, 2014, and taken on
record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, from
being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies
Act, 1956.
f) Since the Central Government has not issued any notification as to the rate at which the cess is to be
paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said
section, prescribing the manner in which such cess is to be paid, no cess is due and payable by the
Company.
For RAR & Associates.
Chartered Accountants
Firm Regn. No.100431W
Anil Goyal.
(Partner)
Membership No. 43429
Place : Mumbai.
Date : 28th
November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 13
Annexure to the Auditors’ Report
Referred to in paragraph 3 of our report of even date,
(i) (a) The company has maintained proper records showing full particulars including quantitative details
and situation of fixed assets.
(b) All the assets have not been physically verified by the management during the year but there is a
regular program of verification which, in our opinion, is reasonable having regard to the size of the
company and the nature of its assets.
(c) The company has not disposed off a substantial part of fixed assets during the year and
accordingly going concern is not affected.
(ii) (a) Since company neither have trading activities nor manufacturing activities or servicing activities,
so this clause and Claus b & c are not applicable.
(b) We have relied upon the management regarding the confirmations of debtors outstanding for more
than six months and creditors and inventories, as it was not possible for us to verify the same, nor
we have received the confirmations of balances
(iii)
(a) In our opinion and according to the information and explanations given to us, the company has
granted unsecured loans to parties covered in register maintained under section 301 of the Act;
(b) In our opinion and according to the information and explanations given to us, the company has not
charged any interest on such unsecured loans given, hence this is prejudicial to the interest of the
company;
(d) Other party pays principal amount to the Company whenever demanded and necessary steps also
taken by the company for recoverability.
(iv) In our opinion and according to the information and explanations given to us, there are not adequate control
procedures commensurate with the size of the company and the nature of its business with regard to
purchases of inventory, fixed assets and with regard to the sale of goods. During the course of our audit, we
have not observed any continuing failure to correct major weaknesses in internal controls.
(v)
(vi) According to the information and explanations given to us, there have been contracts or arrangements
referred to in Section 301 of companies Act during the year and has been entered in the register required to
be maintained under that section.
(vii) The company has not accepted any deposits from public.
(viii) In our opinion, the company does not have an internal audit system commensurate with the size and nature
of its business.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 14
(ix) In our opinion and according to the information and explanations given to us the maintenance of cost
records has not been prescribed by the Central Government under section 209 (1) (d) of the Companies
Act, 1956.
(x) (a) The company is not regular in depositing with appropriate authorities undisputed statutory dues
including provident fund, investor education protection fund, employee’s state insurance, income
tax, sales tax, wealth tax, custom duty, excise duty, cess and other material statutory dues
applicable to it with appropriate authorities and the following statutory dues outstanding as at last
day of the financial year concerned for a period of more than six months from the the date they
became payable
Sr. No. Particulars Amount outstanding as on
31st March, 2014
1 Service Tax 54,24,292
2 TDS 1,72,028
3 PF-ESIC-PT 5,68,203
4 Property Tax 22,05,353
(b) According to the information and explanations given to us, no disputed amounts payable in respect
of income tax, wealth tax, sales tax, customs duty, excise duty and cess were in arrears, but cess
liability has been written off as at 31st March, 2014.
(xi) Since the company has been registered for the period less than five years, so this clause is not applicable to
the company.
(xii) In our opinion and according to the information and explanations given to us, the company has not paid
principal and interest amount to the financial institution from whom the company has taken loans.
(xiii) The Company has not granted any loans and advances on the basis of security by way of pledge of shares,
debentures and other securities.
(xiv) In our opinion, the company is not a chit fund or a nidhi mutual benefit fund / society. Therefore, the
provisions of clause 4(xiii) of the Companies (Auditor’s Report) Order, 2003 are not applicable to the
company.
(xv) Company is not dealing in or trading in shares, securities, debentures and other investments, hence no need
to maintain proper records of transactions and contracts.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 15
(xvi) In our opinion and according to the information and explanations given to us the company has not given
guarantees for loans taken by others from banks or financial institutions.
(xvii) Company does not have any term loans.
(xviii) According to the information and explanations given to us and on an overall examination of the balance
sheet of the company, we report that the no funds raised on short-term basis have been used for long-term
investment. No long-term funds have been used to finance short-term assets except permanent working
capital.
(xvii) The company has not made any preferential allotment of shares to parties and companies covered in the
register maintained under section 301 of the Act.
(xix) According to the information and explanations given to us, no fraud on or by the company has been noticed
or reported during the course of our audit.
(xx) The company has not raised any money by public issues during the year.
(xxi) The company has not issued any debentures during the year and there are no debentures outstanding at the
year end.
For RAR & Associates.
Chartered Accountants
Firm Regn. No.100431W
Anil Goyal
(Partner)
Membership No. 43429
Place : Mumbai.
Date : 28th
November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 16
BALANCE SHEET AS AT 31ST MARCH, 2014
Particulars Notes
As at 31st March,
2014
As at 31st
March, 2013
Rs.
Rs.
EQUITY AND LIABILITIES
Shareholders' Funds
Share Capital 1 87,465,200
87,465,200
Reserves and Surplus 2 69,044,224
70,172,132
156,509,424
157,637,332
Non- Current Liabilities
Long-Term Borrowings 3 155,745,153
150,015,853
Deferred Tax Liabilities (Net) 4 36,549,540
33,117,035
Other Long Term Liabilities 5 20,868,215
24,217,790
213,162,908
207,350,678
Current Liabilities
Trade Payables 6 6,094,864
2,827,740
Other Current Liabilities 7 13,192,117
9,749,342
19,286,981
12,577,082
TOTAL
388,959,313
377,565,092
ASSETS
Non-Current Assets
Fixed Assets (Net) 8 150,526,547
157,682,334
Non-Current Investments 9 154,646
154,646
Long-Term Loans and Advances 10 28,169,751
23,848,833
178,850,944
181,685,813
Current Assets
Trade Receivables 11 203,422
16,336
Cash and Bank Balances 12 540,327
27,498
Short-Term Loans and Advances 13 209,327,985
195,833,227
Other Current Assets 14 36,635
2,218
210,108,369
195,879,279
TOTAL
388,959,313
377,565,092
Summary of Significant Accounting Policies & Notes to
the accounts form integral part of financial statements 20
As per our attached Report of even date
For and on behalf of RAR & Associates For and on behalf of Board Directors
Chartered Accountants
Firm Registration Number : 100431W Sd/-
Sd/-
Anil Goyal Dr. K. K. Menon Mr. Rajiv Nair
Partner Director
Director
Membership No. 43429 DIN:00926405 DIN:03060687
Place : Mumbai
Date: 28th November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 17
STATEMENT OF PROFIT & LOSS FOR THE YEAR ENDED 31st MARCH, 2014
Particulars Notes For the year ended
31st March, 2014
For the Year Ended
31st March, 2013
Rs.
Rs.
1 Revenue
Revenue from Operations (Net) 15 36,209,167
23,878,811
Other Income 16 2,097,827
914,479
Total
38,306,994
24,793,290
2 Expenses
Employee Benefits Expense 17 2,553,172
2,825,978
Finance Costs (Net) 18 17,330,524
19,359,972
Depreciation and Amortization Expense 8 8,878,339
8,819,441
Other Expenses 19 4,105,865
4,856,034
Total
32,867,901
35,861,425
3 Profit / (Loss) before exceptional and
extraordinary items and tax (1-2)
5,439,093 (11,068,135)
Exception and Extraordinary items
-
-
4
Profit / (Loss) before tax
5,439,093
(11,068,135)
5 Tax expense:
(a) Current tax expense for current year
3,134,496
-
(b) Current tax expense relating to prior years
-
(1,194,174)
(c) Deferred tax
3,432,505
4,035,188
6,567,001
2,841,014
6 Profit / (Loss) from continuing operations after
tax (4- 5) and carried to balance-sheet
(1,127,908) (13,909,149)
Earnings per Equity Share (in Rs.) :
(Face value of Rs 10/- per Equity Share)
Basic and Diluted
(0.13)
(1.39)
Summary of Significant Accounting Policies &
Notes to the accounts form integral part of financial
statements
20
As per our attached Report of even date
For and on behalf of RAR & Associates For and on behalf of Board of Directors
Chartered Accountants
Firm Registration Number: 100431W Sd/- Sd/-
Anil Goyal
Partner
Membership No:43429 Dr.K.K.Menon Mr. Rajiv Nair
Place: Mumbai
Date:28th
November,2014 Director
Director
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 18
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014
For the year
ended
31st March, 2014
For the
year ended
31st March,
2013
Rs.
Rs.
Profit/(Loss) before tax
5,439,093
(11,068,135)
Adjustments for:
Depreciation and Amortization Expense 8,878,339 8,819,441
Sundry Balances no longer required written off - 69,127
Loss on Sale of Investment - 1,264,403
Interest Expenses 17,330,524 19,359,972
Operating profit before working capital changes 31,647,956 18,444,808
(Increase) / Decrease in Trade Receivables (221,503) 475,503
(Increase) / Decrease in Short-term Loans and Advances and Other
Assets
(13,494,758)
(53,119,216)
Increase / (Decrease) in Trade Payables , Other Liabilities and
Provisions
6,709,899 5,871,019
Cash generated from / (used in) operations 24,641,594 (28,327,886)
Less :
Income Tax Paid (6,567,001) (1,691,533)
Net cash from / (used in) Operating activities (A) 18,074,593 (30,019,419)
Cash flow from Investing activities
Sale of Fixed Assets - 4,993,400
Purchase of Fixed Assets (1,722,552) -
Disinvestment in body corporates - 2,939,763
Loss on Sale of Investment - (1,264,403)
Net cash used in Investing activities (B) (1,722,552) 6,668,760
Cash flow from Financing activities
Proceeds from Borrowings (net) 1,491,312 42,395,184
Interest paid during the year (17,330,524) (19,359,972)
Net cash from Financing activities (C) (15,839,212) 23,035,212
Net increase /(Decrease) in cash and cash equivalents
(A + B + C)
512,829 (315,447)
Add: Cash and cash equivalents at the beginning of the year 27,498 342,945
Add: Cash and cash equivalents taken over as per the scheme of
demerger
- -
Cash and cash equivalents at the end of the year 540,327 27,498
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 19
MMS INFRASTRUCTURE LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014
For the year ended
31st March, 2014
For the year
ended
31st March,
2013
Rs.
Rs.
Reconciliation of Cash and Bank Balances
Cash and Bank Balances
540,327
27,498
Less : Deposits more than 3 months
-
-
Less : Margin Money Balances
-
-
Cash and Cash Equivalents as at the end of the year 540,327 27,498
Note:
Previous year's figures have been regrouped / rearranged wherever necessary to conform to current year's classification.
As per our attached Report of even date For and on behalf of the Board of Directors
For and on behalf of RAR & Associates
Chartered Accountants
Firm Registration Number : 100431W
Anil Goyal
Sd/- Sd/-
Dr.K.K.Menon Mr. Rajiv Nair
Partner Director
Director
Membership No. 43429 DIN:00926405 DIN:03060687
Place : Mumbai
Date : 28th November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 20
MMS INFRASTRUCTURE LIMITED
NOTES ANNEXED TO AND FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014
Particulars
As at
31st March, 2014
As at
31st March,
2013
Rs.
Rs.
1
Share Capital
(a)
Authorised
90,00,000 Equity Shares of Rs. 10 each
90,000,000
90,000,000
(B)
Issued, Subscribed and Paid up
87,46,520 Equity Shares of Rs 10 each
87,465,200
87,465,200
Total
87,465,200 87,465,200
(c)
Reconciliation of number of Shares and
Amount
Number of
Shares Amt. (Rs.)
Number of
Shares Amt. (Rs.)
As per last financial statement
8,746,520 87,465,200
8,746,520
87,465,200
Add : Changes during the year - -
-
-
Less : Shares bought back during the year - -
-
-
Balance as at the year end
8,746,520 87,465,200
8,746,520
87,465,200
(d)
Shareholders holding more than 5% Number of
shares % of Holding
Number of
shares
% of
Holding
i) Krishna Kumar Menon
2,284,368 26.12
2,284,368
26.12
ii) Dr. Nitin S. Paranjpe
1,218,932 13.94
1,218,932
13.94
iii) Balkrishna K. Tendulkar
602,400 6.89
602,400
6.89
(e)
Rights and preferences attached to Equity Shares
The Company has only one class of equity shares having a par value of `10 per share. Each holder of the equity shares is
entitle to one vote per share. The Company declares and pays dividend in Indian rupees. The dividend proposed by Board
of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company the holders of Equity shares are entitled to receive remaining assets of the
Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.
(f)
Compnay has allotted 87,46,520 equity share as fully paid up pursuant to scheme of demerger without payment being
received in cash.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 21
PARTICULARS
As at
31st March,
2014
As at
31st March,
2013
Rs.
Rs.
2. Reserves and Surplus
a Capital Reserves
57,216,485
57,216,485
b General Reserve
As per last Financial Statement
-
-
Less: Transferred to Equity Capital
-
-
-
-
c Surplus/(Deficit) in the Statement of
Profit and Loss
As per last Financial Statement
12,955,647
26,864,796
Add: Profit as per the annexed Statement of
Profit and Loss
(1,127,908)
(13,909,149)
11,827,739
12,955,647
Total (a + b + c + d)
69,044,224
70,172,132
3 Long-term Borrowings
Secured Loans :
i) Term Loan from :
Bank 11,351,920 11,047,986
Non-Banking Financial Corporation 133,972,553 138,967,867
145,324,473 150,015,853
Rs.1.14 Crore secured by way of, exclusive hypothecation of Furniture & Fixtures, electrical installation etc. and
mortgage/charge of certain immovable properties situated at, EL-80, Electronic Zone, MIDC Village, Mahape TTC,
Navi Mumbai. The Loan carries interest rate of 14.50 % p.a. and repayment is to be done in 67 monthly installments.
Rs. 13.40 [Rs. 13.90] Crore secured by way of, exclusive mortgage/charge of certain immovable properties
situated at, Building No.2, Sector 2, Millenium Business Park, Mahape, Navi Mumbai, Maharashtra. The
Loan carries interest rate of 15.5% p.a. and repayment is to be done in 87 monthly installments. ii) Cash Credit Facility
Public Sector Bank 10,420,680 -
10,420,680 -
Total (i+ii) 155,745,153 150,015,853
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 22
NONO NOTES ANNEXED TO AND FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014
4 Deferred Tax Liabilities (Net)
Timing differences on account of :
Book and tax depreciation 36,549,540 33,117,035
36,549,540 33,117,035
5 Other Long-Term Liabilities
Lease Deposits 20,868,215 24,217,790
20,868,215 24,217,790
6 Trade Payables
Micro, Small and Medium Enterprises - -
Others 6,094,864 2,827,740
6,094,864 2,827,740
7 Other Current Liabilities
Advances received from customers - 1,635,526
Other Payables
Duties and Taxes 11,504,876 6,591,074
Employee payables 1,687,241 751,728
Others - 771,014
13,192,117 9,749,342
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 23
MMS INFRASTRUCTURE LTD.
NOTES ANNEXED TO AND FORMING PART OF BALANCE-SHEET AS AT 31ST MARCH, 2014
8. FIXED ASSETS
Particulars Gross Block Depreciation Net Block
As at
1st April, 13
Acquisiti
ons/Addit
ions
during
the year
Deductions/
adjustment
during the
year
As at
31st March,
14
As at 1st
April, 13
For the
year
Deducti
ons/adju
stment
during
the year
As at
31st March,
14
As at
31st March,
14
As at
31st March,
13
Tangible Assets
Office Premises 135,426,608 - - 135,426,608 22,584,653 2,207,454 - 24,792,107 110,634,501 112,841,955
Furniture &
Fixtures
98,518,321 1,349,032 - 99,867,353 57,221,982 6,285,041 - 63,507,023 36,360,330 41,296,339
Office
Equipment
170,743 29,975 - 200,718 13,274 9,443 - 22,717 178,001 157,469
Electrical
Instalation
15,786 207,420 - 223,206 15,786 5,809 - 21,595 201,611 -
Air Conditioner 5,586,050 136,125 - 5,722,175 2,679,187 268,374 - 2,947,561 2,774,614 2,906,863
Vehicles 1,075,980 - - 1,075,980 596,272 102,218 - 698,490 377,490 479,708
Total 240,793,488 1,722,552 - 242,516,040 83,111,154 8,878,339 - 91,989,493 150,526,547 157,682,334
Previous Year 245,786,888 - 4,993,400 240,793,488 74,475,011 8,819,441 183,298 83,111,154 157,682,334 -
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 24
MMS INFRASTRUCTURE LIMITED
NOTES ANNEXED TO AND FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014
Particulars
As at
31st March,
2014
As at
31st March,
2013
Rs.
Rs.
9 Non - Current Investments
Long Term, Non-Trade, quoted and at Cost
Face
Value
(Rs.)
Investment in Equity instruments :
60 Shares in Central Bank of India 10 6,120
6,120
20 Shares in Indo Count. Ind. Ltd. 10 530
530
672 Shares in J.K. Cement Limited 10 99,456
99,456
35 Shares in Mahindra & Mahindra Financial
Ser. Ltd. 10
7,000
7,000
66 Shares in Patel Engineering Limited 10 29,040
29,040
20 Shares in Plethico Pharmaceuticals Limited 10 6,000
6,000
125 Shares in Power Grid Corp Of India Ltd. 10 6,500
6,500
154,646
154,646
10 Long-Term Loans and Advances
Deposit with Government authorities 1,846,955
1,146,955
TDS receivable from Income tax department 26,322,796
22,701,878
28,169,751
23,848,833
11 Trade Receivables
(Unsecured, considered good )
Outstanding for a period exceeding six months
-
-
Others
203,422
16,336
203,422
16,336
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 25
MMS INFRASTRUCTURE LIMITED
NOTES ANNEXED TO AND FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014
Particulars
As at
31st March, 2014
As at
31st March, 2013
Rs.
Rs.
12 Cash and Bank balances
Cash and Cash Equivalents
Cash in Hand 426,342
Balances with Banks 113,985
27,498
Total 540,327
27,498
13 Short-Term Loans and Advances
(Unsecured, considered good)
Loans and advances given to related party* 209,303,189
195,805,363
Advances given to :
Suppliers -
-
Employees 24,796
27,864
209,327,985
195,833,227
*Maestros Mediline Systems Limited 209,303,189
195,805,363
14 Other Current Assets
Margin money with Depositary 36,635
2,218
36,635
2,218
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 26
MMS INFRASTRUCTURE LIMITED
NOTES ANNEXED TO AND FORMING PART OF STATEMENT OF PROFIT AND LOSS FOR THE
YEAR ENDED 31ST MARCH, 2013
15 Revenue from Operations
Income from Subletting of Immovable properties 36,209,167
23,613,811
Damage Claim received -
265,000
36,209,167
23,878,811
16 Other Income
Interest received on Bank deposits 4,671
-
Dividend Received -
49,214
Profit on Sale of Investment -
864,457
Other Miscellaneous Income 2,093,156
808
2,097,827
914,479
17 Employee Benefits
Salary and Wages 2,205,126
2,636,398
Contribution to Provident and Other Funds 168,046
189,580
Staff Welfare 180,000
-
2,553,172
2,825,978
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 27
MMS INFRASTRUCTURE LIMITED
NOTES ANNEXED TO AND FORMING PART OF STATEMENT OF PROFIT AND LOSS FOR THE
YEAR ENDED 31ST MARCH, 2014
Particulars For the year ended
31st March, 2014
For the year
ended 31st March,
2013
Rs.
Rs.
18 Finance Costs
Interest Expenses
on borrowings 17,330,524
19,359,972
17,330,524
19,359,972
19 Other Expenses
Legal and Professional 164,681
703,218
Travelling and Conveyance 5,000
-
Payments to the Auditors as :
Statuory Audit 220,000
220,000
Tax Audit 80,000
80,000
Rates and Taxes 1,021,000
722,112
Insurance 46,735
-
Electricity, Power, Fuel 6,624
798,974
Repairs and Maintenance
Building 1,802,007
735,296
Machinery -
-
Others -
83,458
Loss on sale of Investment -
1,264,403
Membership Subscription Charges 15,000
162,922
Bank Charges 73,279
1,045
Printing & Stationary 29,685
-
ROC Fee 16,838
-
Soiciety Maintainance Charges 596,961
-
Freight and Forwarding Expenses 9,813
-
Miscellaneous Expenses 18,243
84,606
4,105,865
4,856,034
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 28
MMS INFRASTRUCTURE LIMITED
20. SIGNIFICANT ACCOUNTING POLICIES & NOTES TO THE ACCOUNTS:
A. SIGNIFICANT ACCOUNTING POLICIES:
i) Basis of Accounting
The financial statements of the Company are prepared in accordance with generally accepted
accounting principles in India (Indian GAAP). The Company has prepared these financial statements
to comply in all material respects with the accounting standards notified under the Companies
(Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act
1956. The financial statements are prepared on an accrual basis and under the historical cost
convention.
ii) Presentation and disclosure of financial statements
During the year ended 31 March 2012, the revised Schedule VI notified under the Companies Act
1956, has become applicable to the Company, for preparation and presentation of its financial
statements. The adoption of revised Schedule VI did not have any impact on recognition and
measurement principles followed for preparation of financial statements. However, it has significantly
impacted the presentation and disclosures made in the financial statements.
iii) Revenue Recognition
The Company follows the mercantile system of accounting and recognises income and expenditure on
accrual basis. The principles of revenue recognition are given below:
(a) Dividend income is recognised when the right to receive dividend is established.
(b) Incomes from subletting of immovable properties are booked based on agreements/arrangements
with the concerned parties.
iv) Use of Estimates
The preparation of financial statements in conformity with the generally accepted accounting
principles require estimates and assumptions to be made that affect the reported amounts of assets and
liabilities on the date of the financial statements and the reported amounts of revenues and expenses
during the reporting period.
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 29
Differences between the actual results and estimates are recognised in the period in which the results
are known / materialised.
v) Fixed Assets and Depreciation
a) Fixed Assets
All fixed assets are stated at cost of acquisition/construction less depreciation. Cost includes
acquisition and all identifiable expenditure incurred to bring the assets to its present condition and
location.
Fixed Assets are eliminated from financial statements, either on disposal or when retired from
active use. Such assets are removed from fixed asset records on disposal.
b) Depreciation
Depreciation is provided (except in case of Leasehold Land which is being amortised over the
period of lease) on straight-line method at the rates and in the manner prescribed in Schedule XIV
of the Companies Act, 1956. Depreciation on additions/deletions to assets during the period is
provided on a pro-rata basis from / up to date of addition or deletion, as the case may be.
vi) Investments
Long Term investments are stated at cost. Provision for diminution in value of long- term investments
is made only if such a decline is other than temporary.
vii) Borrowing Costs
Borrowing costs attributable to the acquisition and construction of assets are capitalised as part of the
cost of respective assets up to the date when such assets are ready for its intended use. Other
borrowing costs are charged to the revenue in the period in which they are incurred.
viii) Retirement Benefits
(a) Contributions are made by the Company to provident fund on a monthly basis and charged to
Profit & Loss Account.
(b) Provision has been made in respect of gratuity & leave encashment on accrual basis if any.
ix) Income Tax
Income Tax is accounted for in accordance with Accounting Standard 22 (AS 22) on “Accounting for
Taxes on Income” issued by the Institute of Chartered Accountants of India. Tax expense comprises
both current and deferred tax. Current tax is measured at the amount expected to be paid to / recovered
from the tax authorities using the applicable tax rates. Deferred tax assets and liabilities are recognised
for future tax consequences attributable to timing differences between taxable income and accounting
income that are capable of reversing in one or more subsequent periods and are measured using the
relevant enacted tax rates. At each Balance Sheet date, the Company reassesses unrealised deferred
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 30
tax assets to the extent they have become reasonably certain or virtually certain of realisation, as the
case may be.
x) Contingencies & Events Occurring after the Balance Sheet Date
(a) Accounting for contingencies (gains and losses) arising out of contractual obligations, are made
only on the basis of mutual acceptances. These are disclosed by way of notes to the Balance Sheet.
(b) Provision is made in the accounts in respect of those contingencies which are likely to materialise
into liabilities after the year-end, till the date of approval of the accounts by the Board of Directors
and have material effect on the position stated in the Balance Sheet.
As per our attached Report of even date For and on behalf of the Board of Directors
For and on behalf of RAR & Associates
Chartered Accountants
Firm Registration Number : 100431W
Anil Goyal Sd/- Sd/-
Dr.K.K.Menon Mr. Rajiv Nair
Partner Director
Director
Membership No. 43429 DIN:00926405
DIN:03060687
Place : Mumbai
Date : 28th November, 2014
MMS INFRASTRUCTURE LIMITED
Annual Report 2013-14 Page 31
MMS INFRASTRUCTURE LIMITED
Regd. Office: Plot No. El/63, TTC Industrial Area, Electronic Zone, Mahape, Navi Mumbai - 400701
[CIN: U70109MH2010PLC200253] [Website: www.maestros.net]
ATTENDANCE SLIP
(To be presented at the entrance duly signed)
Folio No./DPID & Client ID:
Name :
Address :
I hereby record my presence at the FIFTH ANNUAL GENERAL MEETING of the Company at
…………………………………………………………………………………...
SIGNATURE OF THE ATTENDING MEMBER /PROXY:__________________________________________
…………………………………………………………………………………………………………………………
…………………………………………………………… -----------------------------------------------------------------------------------------------------------------------------------------------------------
MMS INFRASTRUCTURE LIMITED
Regd. Office: Plot No. El/63, TTC Industrial Area, Electronic Zone, Mahape, Navi Mumbai - 400701
[CIN: U70109MH2010PLC200253] [Website: www.maestros.net]
PROXY FORM
(To be presented at the entrance duly signed)
Name of the member(s) :
Registered address :
E-mail ID :
Folio No/Client ID : DP ID :
I/We .................................................................................. of .................................. .................................... being a
member(s) of MMS Infrastructure Limited, hereby appoint:
1. Name : ……………………………………. Address :……………………………………………………
E-mail Id : ……………………………………..Signature : ………………………. or failing him
2. Name :……………………………………… Address :……………………………………………………
E-mail Id :…………………………………….. Signature : ………………………..or failing him
as my/our Proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Firth Annual General Meeting
of the Company to be held on Monday , the 22nd
December, 2014 at 04.30 pm at
……………………………………………………………. and at any adjournment thereof in respect of such
resolutions as are indicated below :
Ordinary Business:
1. Adoption of financial statements for the year ended 31st March, 2014 together with Auditors’ Report and
Directors’ Report
2. Appointment of Auditors and fixing their remuneration.
3. To appoint a director in place of Mr. Rajiv Nair who retired by rotation and being eligible, offers himself for re-
appointment.
Special Business :
4. Appointment of Ms. Vasundhara Atre as an Independent Director of the Company.
5. Appointment of Mr. Murlidharan Nair as an Independent Director of the Company.
Signed this ............. day of............................................................, 2014
Signature of the shareholder : _________________________________________
Signature of Proxy holder(s) : _________________________________________
Notes : 1. This form in order to be effective should be duly completed and deposited at the Registered Office of the
Company at ……………………………….., not less than 48 hours before the commencement of the Meeting.
2. For the Resolutions, Explanatory Statement and Notes, please refer to the Notice of 5th
Annual General Meeting.
Rs. 1/-
Stamp