amforge industries ltd Management discussions

FINANCIAL RESULTS (STANDALONE):

		(Rs.in 000s)
PARTICULARS	2016-2017	2015-2016
Total Income	24,983.67	41,472.21
Earnings before interest, depreciation, exceptional items and tax	(1,601.20)	12,126.05
Less : Depreciation	4,629.19	4,167.61
Profit before interest, exceptional items and tax	(6,230.39)	7,958.44
Less : Interest and Finance cost	4,606.57	3,358.82
Profit before exceptional items and tax	(10,836.96)	4,599.92
Less : Exceptional items	38,313.06	-
Profit before tax	(49,150.02)	4,599.92
Provision for current tax	-	1,000.00
Provision for deferred tax /Prior year	1,15,911.00	(79.30)
Profit after tax	(1,65,061.02)	8,836.22
Balance of (Loss) brought forward from previous year	(3,94,418.48)	(4,03,254.70)
(Loss) carried to Balance Sheet	(5,59,479.50)	(3,94,418.48)

FINANCIAL PERFORMANCE:

During the financial year under review, your Company registered a total income of Rs.24,983.67 thousand as against (Rs.41,472.21 thousand) in the previous year and earning loss before interest, depreciation, exceptional items and tax (Rs.1,601.20) thousand as against (Rs.12,126.05 thousand) in the previous year. The loss before tax for the year is (Rs.49,150.02) thousand, as against profit of (Rs.4,599.92 thousand), in the previous year.

INTERNAL AND FINANCIAL CONTROL:

The Company has in place adequate internal and financial controls to ensure compliance with various policies, practices and statutes applicable with reference to financial statements. The internal audit is entrusted to M/s. Ashwin K. Shah, Chartered Accountant (Membership No.033083).

MANAGEMENT DISCUSSION AND ANALYSIS:

There were no manufacturing activities to report on Management Discussion and Analysis pursuant to Regulation 34 (e) of SEBI (LODR) Regulations, 2015.

	For and on behalf of the Board of Directors
	Fali Mama
	Director
	DIN:00012636
Place: Mumbai
Date: 11/08/2017

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
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Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

amforge industries ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

MARKET

IDEAS

MUTUAL FUNDS

TRADING DOCUMENTATION

CALCULATOR

GLOSSARY (A-Z)

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.