Arihant Avenues & Credit Ltd


BSE: 531553 | NSE: NA | ISIN: INE193D01019 
Market Cap: [Rs.Cr.] 6 | Face Value: [Rs.] 10
Industry: Finance & Investments

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MANAGEMENT DISCUSSION AND ANALYSIS

During the year under the review the capital market was a period of profit booking. The company has liquidated its investment made in the shares. The operating income was Rs. 2011651 and other income was Rs. 4197957. Since investment made in the equity shares are subject to greater risk and return, the company expects that with the improvement in the capital market the risk will decline and there will be more returns. Further capital market is subject to various internal and external factors such global economic scenario, political stability, economic policies of the government, tax factors affecting the capital market etc. Though the directors of the company have a wide experience in the field of capital market but the company have no control over the external factors while making investment. However due to their wide experience and critical analysis the company is taking steps to overcome the situation.

Statements made in the above para in regard to projections, estimates and expectations may be "forward looking statements" within the meaning of applicable securities laws and regulations. Many unforeseen factors may come into play and effect the actual results which could be different from what Directors envisage in terms of future performance and outlook.

APPRECIATION :

Your Directors wish to convey their thanks to all the bankers, suppliers, customers and other persons for their continued support to the company.

   
ARIHANT AVENUES AND CREDIT LIMITED ANNUAL REPORT 2010-2011 MANAGEMENT DISCUSSION AND ANALYSIS During the year under the review the capital market was a period of profit booking. The company has liquidated its investment made in the shares. The operating income was Rs. 7198243/-. Since investment made in the equity shares are subject to greater risk and return, the company expects that with the improvement in the capital market the risk will decline and there will be more returns. Further capital market is subject to various internal and external factors such global economic scenario, political stability, economic policies of the government, tax factors affecting the capital market etc. Though the directors of the company have a wide experience in the field of capital market but the company has no control over the external factors while making investment. However due to their wide experience and critical analysis the company is taking steps to overcome the situation. Statements made in the above Para in regard to projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Many unforeseen factors may come into play and affect the actual results which could be different from what Directors envisage in terms of future performance and outlook.
ARIHANT AVENUES AND CREDIT LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS During the year under the review the capital market was a period of profit booking. The company has liquidated its investment made in the shares. The operating income was Rs. 17538948/-. Since investment made in the equity shares are subject to greater risk and return, the company expects that with the improvement in the capital market the risk will decline and there will be more returns. Further capital market is subject to various internal and external factors such global economic scenario, political stability, economic policies of the government, tax factors affecting the capital market etc. Though the directors of the company have a wide experience in the field of capital market but the company has no control over the external factors while making investment. However due to their wide experience and critical analysis the company is taking steps to overcome the situation. Statements made in the above Para in regard to projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Many unforeseen factors may come into play and affect the actual results which could be different from what Directors envisage in terms of future performance and outlook.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
I D F C 24,388.28 13.82 1.81 11.65 13.9 10.6 3.56
Shriram Trans. 18,206.65 13.38 2.53 6.93 23.1 14.5 3.95
L&T Fin.Holdings 14,086.67 126.23 3.99 80.10 2.8 3.8 0.07
M & M Financial 13,308.75 15.43 2.99 9.49 22.8 13.6 4.34
Bajaj Finserv 11,076.94 162.63 4.60 80.93 5.4 7.6 0.00
Vatsa Corpn 10,250.98 0.00 1.35 0.00 0.0 0.0 0.00
Reliance Capital 9,347.45 14.12 0.81 10.23 5.7 9.7 2.06
Bajaj Fin. 7,871.96 13.31 2.34 9.86 24.0 13.3 4.99
Sundaram Finance 6,146.05 14.70 3.44 7.51 21.4 13.1 5.32
Shri.City Union. 6,139.15 14.57 3.39 8.04 23.3 14.1 5.75
Muthoot Finance 5,776.37 5.75 1.55 6.23 41.9 20.6 7.35
KSK Electricity 5,418.99 3,168.33 9.36 0.00 0.3 0.4 0.00
India Securities 4,926.38 0.00 57.40 0.00 0.0 0.0 1.78
DSP Merrill Lyn 4,689.56 24.85 2.36 0.00 10.4 14.2 0.00
Religare Enterp. 4,512.63 66.68 1.55 0.00 0.0 0.0 0.00

Futures & Options Quote

 
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Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Krishnaavtar J Kabra , Managing Director 

Satyanarayan , Executive Director 

Pawankumar Somani , Director 

Dinesh A Turakia , Director 


Company Head Office / Quarters:
3 Rajesh Apartment Ashram Road,
B/h Navgujarat College,
Ahmedabad,
Gujarat-380014
Phone : 91-79-27540790/27543060
Fax : 91-79-27542926
E-mail : kj_kabra@yahoo.co.in
Web : http://www.aacl.in
Registrars:
Sharepro Services India P Ltd
Samhita Complex
Plot No 13 AB
Saki Naka Andheri(E)
Mumbai-400072

Fund Holding

 
Scheme Name No. of Shares
No data found

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May-2013
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