Industry Structure and Developments: -
The funds of Avon Mercantile Ltd are deployed in loans, investments and bank fixed deposits. Outlook/Projections for 2022-23:
The Company hopes to increase its income in near future.
Internal Control systems and their adequacy:
During the year under review, Company has an internal control system in place and was periodically reviewed for effectiveness.
Financials:
Financial performance has been given separately in the Directors Report.
Cautionary Statement
Statements in the Management Discussion and Analysis Report describing the Companys Objectives, projections, estimates, expectations or predictions may be forward-looking statement within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed in the statement. Important factors that could make a difference to the Companys operations include, among others, the performance of the other Companies in which Company has made investments and the interest rates, changes in the Government regulations, tax laws and other statutes and incidental factors.
By Order of the Board For Avon Mercantile Limited Sd/-
Place: Noida Date: 11th August, 2023
(Rakesh Kumar Bhatnagar) Director DIN: 02922258
AVON MERCANTILE LIMITED
GUPTA GARG & AGRAWAL
Chartered Accountants G-55, Royal Palace, llnd Floor,
Laxmi Nagar, Vikas Marg,
Delhi-110 092 Phone - 22502455 / 43016663
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.