TH 5 ANNUAL REPORT 2013-14 JAIPUR METRO RAIL CORPORATION LIMITED JAIPUR METRO CIN : U60221RJ2010SGC030630 JAIPUR METRO 5th A n n u a l R e p o r t 2013-14 JAIPUR METRO RAIL CORPORATION LIMITED Review of Phase-1B on 7-7-2014 by Hon'ble Chief Minister, Rajasthan Smt. Vasundhara Raje. Also seen in the picture are Hon'ble MP, Jaipur Shri Ramcharan Bohra, Chief Secretary Shri Rajiv Mehrishi, ACS (Infra) Shri C S Rajan, CMD, JMRC Shri Nihal Chand Goel and Director (Project), JMRC Shri Ashwani Saxena. C O N T E N T S Board of Directors 03 Notice of Annual General Meeting 04 Directors' Report 11 Addendum to the Directors' Report 20 Independent Auditor's Report 23 Balance Sheet 41 Old water tanks found during Metro excavation at Chhoti Chaupar & Badi Chaupar. After construction of metro station, Comments of Comptroller and Auditor General of India 66 these water tanks are proposed to be re-erected/re-constructed to give back to the city a historic layer that it had lost for over a century. 1 5th ANNUAL REPORT Jaipur Metro Rail Corporation Limited CIN: U60221RJ2010SGC030630 Board of Directors Shri Nihal Chand Goel Chairman & Managing Director Jaipur Metro Rail Corporation Ltd, Jaipur Shri Ashok Jain Additional Chief Secretary UDH & LSG, GoR, Jaipur Shri Devendra Bhushan Gupta Principal Secretary, PWD, GoR, Jaipur Ms. Veenu Gupta Managing Director, RIICO, Jaipur Shri Rajeshwar Singh Principal Secretary Transport Department, GoR, Jaipur Shri Sudhansh Pant Secretary, LSG Department, GoR, Jaipur Shri Shikhar Agrawal Commissioner Jaipur Development Authority, Jaipur Shri Anand Kumar Commissioner, RHB, Jaipur Shri Siddharth Mahajan Special Secretary Finance (Budget) Department, GoR, Jaipur Shri Gyana Ram Chief Executive Officer Jaipur Municipal Corporation, Jaipur Shri Arjun Singh Managing Director Jaipur Vidyut Vitran Nigam Ltd, Jaipur Shri Ashwani Saxena Director (Project) Jaipur Metro Rail Corporation Ltd, Jaipur Shri C.S. Jeengar Director (Operations & Systems) Jaipur Metro Rail Corporation Ltd, Jaipur Shri Sarvesh Tewari Director (Finance) Jaipur Metro Rail Corporation Ltd , Jaipur Shri Rajesh Kumar Agerwal Director (Corporate Affairs) Jaipur Metro Rail Corporation Ltd, Jaipur Auditors : Mehta & Company, Chartered Accountants, Jaipur Registered Office : Khanji Bhawan, Tilak Marg, C-Scheme, Jaipur - 302 005 Tel. : 0141-5192101/102, 0141-5192138 • Fax : 0141-5192137, 5192103 E-mail : [email protected] • Website : www.jaipurmetrorail.in 3 5th ANNUAL REPORT 5th ANNUAL REPORT JAIPUR METRO RAIL CORPORATION LIMITED JAIPUR METRO RAIL CORPORATION LIMITED F.No.18/ JMRC/AGM/280 2nd September, 2014 NOTICE OF ANNUAL GENERAL MEETING F.No.18/ JMRC/AGM/318 22nd September, 2014 Please find enclosed herewith the notice of the fifth annual general meeting of Jaipur Metro Rail Corporation Limited, scheduled to be held on Friday, 26th September, 2014, at 1.00 PM at the Registered Shri Zakir Hussain Office of the Company, i.e. in JMRC Conference Hall, III Floor, Khanij Bhawan, Tilak Marg, Jaipur. The Joint Secretary following are requested to kindly make it convenient to attend the same: Finance (Exp.-III) Department Government of Rajasthan, Jaipur 1. Shri Nihal Chand Goel, Chairman & Managing Director, CMD Jaipur Metro Rail Corporation Ltd, Jaipur Sub: Annual General Meeting of Jaipur Metro Rail Corporation Limited 2. Shri Ashok Jain, Additional Chief Secretary Director & Shareholder th Ref: Order No. F2(1)FD/Exp.IV & PI/2011, dated 18 September, 2014 UDH & LSG, GoR, Jaipur 3. Shri Devendra Bhushan Gupta, Principal Secretary Director & Shareholder Sir, PWD, GoR, Jaipur 4. Ms. Veenu Gupta, Managing Director, RIICO, Jaipur Director The fifth Annual General Meeting of Jaipur Metro Rail Corporation Limited is scheduled to be held on th 5. Shri Rajeshwar Singh, Principal Secretary Director & Shareholder Friday, 26 September, 2014, at the Registered Office of the Company. Transport Department, GoR, Jaipur 6. Shri Sudhansh Pant, Secretary Director Having been nominated as representative of H.E. the Governor of Rajasthan, you are requested to LSG Department, GoR, Jaipur kindly make it convenient to attend the aforesaid meeting, to be held at the below mentioned date, time and venue: 7. Shri Shikhar Agrawal, Commissioner Director & Shareholder Jaipur Development Authority, Jaipur Date : Friday, 26th September, 2014 8. Shri Anand Kumar, Commissioner, RHB, Jaipur Director Time : 1.00 PM 9. Shri Siddharth Mahajan, Special Secretary Director & Shareholder Venue : JMRC Conference Hall, III Floor, Khanij Bhawan, Tilak Marg, Jaipur Finance (Budget) Department, GoR, Jaipur 10. Shri Gyana Ram, Chief Executive Officer Director & Shareholder Notice of the meeting is enclosed herewith Jaipur Municipal Corporation, Jaipur 11. Shri Arjun Singh, Managing Director Director & Shareholder Please note that the meeting will be followed by working lunch. Jaipur Vidyut Vitran Nigam Ltd, Jaipur 12. Shri Ashwani Saxena, Director (Project) Director Yours sincerely, Jaipur Metro Rail Corporation Ltd, Jaipur 13. Shri C.S. Jeengar, Director (Operations & Systems) Director Jaipur Metro Rail Corporation Ltd, Jaipur 14. Shri Sarvesh Tewari, Director (Finance) Director Jaipur Metro Rail Corporation Ltd, Jaipur (HARSHITA C. KOCHHAR) 15. Shri Rajesh Kumar Agerwal, Director (Corporate Affairs) Director Company Secretary Jaipur Metro Rail Corporation Ltd, Jaipur Please not that the meeting will be followed by working lunch. Yours sincerely, (HARSHITA C. KOCHHAR) Company Secretary 4 5 5th ANNUAL REPORT 5th ANNUAL REPORT JAIPUR METRO RAIL CORPORATION LIMITED JAIPUR METRO RAIL CORPORATION LIMITED Meeting Notice F.No.18/ JMRC/AGM/319 22nd September, 2014 Dr. A. K. Gupta Notice is hereby given that the fifth annual general meeting of the members of Jaipur Metro Chief General Manager Rail Corporation Limited is scheduled to be held on Friday, 26th September, 2014, at 1.00 PM Rajasthan State Industrial Development & at the Registered Office of the Company, i.e. in JMRC Conference Hall, III Floor, Khanij Industrial Corporation Limited Bhawan, Tilak Marg, Jaipur, to transact the following business: Jaipur ORDINARY BUSINESS: Sub: Annual General Meeting of Jaipur Metro Rail Corporation Limited th Ref: Letter No. A3(4)402/11 dated 17 September, 2014 1. To receive, consider and adopt the audited annual accounts of the Company for the year 2013-14 (Balance Sheet as on 31st March, 2014, and the Statement of Profit and Loss Sir, Account for the year ended on that date, along with Notes on Accounts appended thereto) together with the Reports of Directors and Auditors thereon. The fifth Annual General Meeting of Jaipur Metro Rail Corporation Limited is scheduled to be held on Friday, 26th September, 2014, at the Registered Office of the Company. 2. To consider and, if thought fit, to pass, with or without modification, the following Having been nominated as representative of Rajasthan State Industrial Development & Industrial Resolution as an Ordinary Resolution : Corporation Limited (RIICO), you are requested to kindly make it convenient to attend the aforesaid “RESOLVED THAT the appointment of M/s. Mehta & Co., Chartered Accountants, meeting, to be held at the below mentioned date, time and venue: Jaipur by the Comptroller and Auditor General of India vide their letter No./CA.V/COY/RAJASTHAN, JMRL(1)/907 dated 3rd September, 2013, as the Statutory th Date : Friday, 26 September, 2014 Auditors of the Company be and is hereby confirmed and approved for the financial year Time : 1.00 PM 2014-15, subject to their acceptance letter. Venue : JMRC Conference Hall, III Floor, Khanij Bhawan, Tilak Marg, Jaipur Notice of the meeting is enclosed herewith FURTHER RESOLVED THAT the Board of Directors of the Company, be and is hereby authorized to fix the remuneration payable to the Statutory Auditors and to do all such Please note that the meeting will be followed by working lunch. acts, deeds and things, as may be necessary and incidental, for giving effect to the appointment of Statutory Auditors of the Company for the financial year 2014-15.” Yours sincerely, SPECIAL BUSINESS: 3. To consider and, if thought fit, to pass, with or without modification, the following Resolution as a Special Resolution : (HARSHITA C. KOCHHAR) Company Secretary “RESOLVED THAT in accordance with the provisions of Sections 196 and 197 read with Schedule V and all other applicable provisions of the Companies Act, 2013, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), and other applicable provisions, if any, the appointment of Shri Ashwani Saxena, Director (Project) as Whole-time Director of the Company be and is hereby confirmed upto a maximum period of three years from the date of his appointment or till he ceases to be in whole-time employment of the Company or ceases to be Director of the Company, whichever is earlier, 6 7 5th ANNUAL REPORT 5th ANNUAL REPORT and the terms and conditions of his appointment will be as per JMRC Recruitment Rules, necessary, proper and expedient to give effect to this resolution.” 2012. 6. To consider and, if thought fit, to pass, with or without modification, the following RESOLVED FURTHER THAT the Managing Director and the Company Secretary of Resolution as a Special Resolution : the Company, be and are hereby authorized, severally and jointly, to sign and file and do any and all necessary filing(s), compliances and acts and to take all such steps as may be “RESOLVED THAT in accordance