The company is leading financial services company and has earned a distinction in thefield of Capital raising, Insurance & Broking services and research and advisoryservices. Exploring opportunities through its network across the country and its abilityto organize with professionalism and dedication is the core of RR Business aspirations.The Primary objective of the Company is to maintain a rapid pace of growth through qualityservices in all aspects of product innovations and investment avenues.
The financial statements of the Company have been prepared in compliance with therequirements of the Companies Act, 1956 and the Generally Accepted Accounting Principles(GAAP) in India. The management of the Company accepts the responsibility of theobjectivity and integrity of these financial statements as well as, for various estimatesand judgments used therein. The statement has been made on a prudent and reasonable basis,so that financial statements reflect in a true and fair manner, the form and substances oftransactions and reasonably present the Company s state of affairs. .
The company has following verticals i.e. Stock & Commodity Broking, FinancialProduct Distribution, Insurance Broking, Investment Banking and Lending Business. The mainsource of income being Brokerage, the Company expects to show stable growth in comingyears. The company has been granted a NBFC License by RBI to its wholly owned subsidiaryRR Fincap Private Limited.
Risks and concerns
The Company s main risk remains costs which are growing at a fast pace. The company hasincreased the variable salary structures and is consistently making conscious efforts tomitigate this risk.
The Company has broad based revenue stream to cover all the major segments of Financial& Insurance business and foresees a stable to good growth in the coming years.
Risk Management Systems
We manage the risks associated with our broking operations through the use of fullyautomated risk management software s and direct monitoring of certain operatingparameters. Our automated risk management procedures rely primarily on internallydeveloped risk management system as well as systems provided by our vendors. We manage ourbusiness risk through strict compliance and internal checks. We have a well-managedinternal audit and internal control system working along with the external auditperforming checks at regular intervals to identify any discrepancies and rectify at theearliest.
The nature of our business requires a skilled and trained human capital, which is oneof the key assets of our organization. Our human resource policy is based on thephilosophy of owner mindset . We believe that the key to our continued growth lies inunleashing the entrepreneurial energy of our employees. We encourage all employees tobehave more as owners of their departments rather than employees. Our people are highlymotivated and work towards increasing RR s brand and market share across our variousproduct lines. We have developed some extensive in-house training modules. We lay anemphasis on on-the-job training where an experienced and senior person mentors a juniorexecutive. Further, prospective employees need to undergo pre-joining domain training andtests. This basically tests the understanding and aptitude of the employee for the job andreduces attrition and improves employee satisfaction.
Internal control systems
As remarked by the auditors in their report, the Company has an internal control systemcommensurate with its requirements and the size of the business. The Company has internalcontrol systems that are adequate and commensurate to the size of the company to ensurethat all the transactions are authorized, recorded and reported correctly under theoverall supervision of Audit Committee of the Board of Directors. These systems provideefficiency to the operations and safeguard assets of the company as also the compliancesof all statutes. There are adequate measures for the security of database.
The statements made in this report describe the Company s objectives and projectionsthat may be forward looking statements within the meaning of applicable securities lawsand regulations. The actual results might differ materially from those expressed orimplied depending on the economic conditions, government policies and other incidentalfactors, which are beyond the control of the Company.
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Mahesh Chandra , Director
Rajat Prasad , Managing Director
Ritu Prasad , Director
FARHA NAAZ , Company Secretary
Company Head Office / Quarters:
47 M M Road,
Rani Jhansi Marg Jhandewalan,
Phone : New Delhi-91-11-23636363/23636362 / New Delhi-
Fax : New Delhi-91-11-23636746/23636845 / New Delhi-
E-mail : firstname.lastname@example.org
Web : http://www.rrfcl.com
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Narang Tower,44 Community Centre,Naraina Ind Area,New Delhi-110028