The Management of the company presents its analysis report covering performance and
outlook of the company. The report has been prepared in compliance with corporate
governance requirement as laid down in Regulation 33 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with Schedule IV: -
The Non Banking Finance Company (NBFC) in private sector in India is represented by a
large number of small and medium sized companies with regional focus. Over the years, our
company has steadily broadened its business activities to cover a wide spectrum of
services in the financial intermediation space with the basic focus on investment &
finance.
Your company has reduced its operational cost and carefully evaluating investments. The
company has no NPA account and no bad debts for the period ended on 31st March
2023.
The Company has a proper and adequate system of internal control to ensure that all
activities are monitored and controlled against any unauthorized use or disposition of
assets. The audit committee of the Board of Directors reviews the adequacy of internal
control.
Considering companys current business activities enterprise resource planning
Module-SAP is not practically feasible and financially viable for the company. Companys
current business activity does not require any technology up gradation or modernization.
Statements in Management Discussion and Analysis, describing the companys objectives,
projections and estimates are forward looking statements and progressive within the
meaning of applicable security laws and regulations. Actual results may vary from those
expressed or implied, depending upon economic conditions, Government policies and other
incidental factors.
a. OPPORTUNITIES AND THREATS :
The companys management reveals that the corporate and finance sector has good
potential because of the companys approach of hassle free financing, Tax motivations by
the government and optimistic capital market. On the above assumptions, the company is
going in the positive direction.
Further, a major threat appears to be on account of further increase in interest rates
trends in takes over of loans, which might affect the profitability of the company.
However, your company is confident of facing the challenges and is optimistic about the
sustenance of this finance segment for quite a long time
b) SEGMENT-WISE PERFORMANCE:
The Company belongs to only one segment. The details of performance are given under
respective head in Financial Statement.
c) OUTLOOK :
According to the SEBI (LODR) Regulations, 2015, a Company is obliged to present its
future outlook in its Corporate Governance Report. Your Companys estimates for future
business development are based both on its customers forecasts and on the Companys own
assessments.
d) RISK AND CONCERN:
Though the management of the Company is quite meticulous about the security and
recovery aspect of each finance file, which reflects from the fact that the overall NPA is
NIL during the year Your Company will continue to adopt strategies to register significant
increase in business volumes and would intimate still more concentrated efforts to
maintain the NPA level to its minimum.
e) INTERNAL CONTROL SYSTEMS & THEIR ADEQUACY :
The Company has a proper and adequate Internal Control System to ensure that all assets
are safeguarded, and protected against loss from unauthorized use or disposition, and that
transaction are authorized, recorded and reported correctly. The Company, in consultation
with its Statutory Auditors, periodically reviews and ensures the adequacy of Internal
Control Procedures for the orderly conduct of business and also includes a review to
ensure overall adherence to management policies and applicable laws & regulations.
Cost control measures, especially on major cost determinants, have been implemented.
f) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO
OPERATIONAL PERFORMANCE :
Your Company discusses the financial performance of the Company with respect to its
operational performances.
g) MATERIAL DEVELOPMENTS IN HUMAN RESOURCE
DEVELOPMENTS/INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED :
During the year under review, the Company continued its emphasis on Human Resource
Development as one of the critical areas of its operation.
Executives and officers of the Company having high potential in the field of Finance,
Accounts and Computer were regularly visiting at branch offices with a view to update
their knowledge and to keep them abreast of the present-day finance scenario for meeting
the challenges ahead.
Further, the Company also organizes annually, training programme(s) at its Head Office
and other places, for face-to-face interaction of all branch personnel with head office
personnel. +
DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS
Key Ratio |
2022-2023 |
2021-2022 |
Variances |
Comments for Variation in ratio above 25 % |
Debtors turnover ratio |
6.85 |
3.86 |
2.99 |
- |
Inventory turnover ratio |
NA |
NA |
NA |
- |
Interest coverage ratio |
1.90 |
(0.98) |
2.88 |
- |
Current ratio |
2.95 |
2.85 |
0.10 |
- |
Debt Equity ratio |
0.49 |
0.49 |
- |
- |
Operating profit margin (%) |
195.28 |
(31.57) |
226.85 |
Due to Provision of NPA reserved |
Net profit margin (%) |
119.94 |
(56.28) |
176.22 |
Due to Provision of NPA reserved |
Return on net worth ( Any Change ) |
11.86 |
(6.31) |
18.17 |
- |
h) COMPANYS CORPORATE WEBSITE
The Companys website - https://anjanifin.com is a comprehensive reference on Anjanis
management, vision, mission, policies, corporate governance, corporate sustainability,
investor relations, sales network, updates and news. The section “Others” under
“Disclosures” serves to inform the shareholders, by giving complete financial
details, shareholding patterns, corporate governance report, corporate benefits,
information relating to stock exchanges, registrars & transfer agents and frequently
asked questions etc. Investors can also submit their queries and get feedback through
online interactive forms.
OTHER DISCLOSURE:
a) Disclosure regarding materially significant related party transactions:
None of the transaction with any of the related parties were in conflict with the
interest of the Company. Attention of members is drawn to the disclosure of transactions
with the related parties set out in Notes on Accounts, forming part of the Annual report.
None of the transactions with any of the related parties were in conflict with the
interest of the Company.
b) Disclosure of non-compliance by the Company:
There has been no instance of non-compliance on any matter related to the capital
markets, during the last two years.
c) The company had constituted the Vigil Mechanism and the details of its establishment
are disclosed on the website of the company which can be accessed through:
www.anjanifin.com and affirmation that no personnel have been denied access to the Audit
Committee.
d) Details of compliance with mandatory requirement and adoption of the non mandatory
requirement.
The Company has made all the compliances of mandatory requirements as required under
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as may be
applicable to the company from time to time.
The Company also complying with certain non-mandatory requirements wherever the
management considers appropriate in the best corporate governance practice
e) The company does not have any Material Subsidiary; hence the company has not
formulated policy for the same.
e) Discretionary Requirements under Regulation 27 of Listing Regulation
The status of compliance with discretionary recommendations of the Regulation 27 of the
Listing Regulations with Stock Exchanges is provided below:
1. Shareholders Rights: As the quarterly and half yearly Unaudited Financial Statement
are published in the newspapers and are also posted on the Companys website, the same are
not being sent to the shareholders.
2. Modified Opinion in Auditors Report: The Companys financial statement for the year
20222023 does not contain any modified audit opinion.
3. Reporting of Internal Auditor: The Internal Auditor reports to the Audit Committee.
f) Policy on Related Party Transaction disclosed on the website of the company can be
accessed through Web link: www.anjanifin.com..
g) Certificate from Practicing Company Secretary for Non Dis-qualification of
Directors:
As required under Part C of Schedule V of the SEBI (LODR) Regulation, 2015, the Company
has obtained a certificate from CS Sahive Alam Khan (FCS 11411, CP No.16581), proprietor
of Alam Khan & Co., Practicing Company Secretaries, certifying that none of the
Directors on the Board of the Company have been debarred or disqualified from being
appointed or continuing as directors of the Company by the SEBI/ Ministry of Corporate
Affairs or any such statutory authority is attached as Annexure to the Corporate
Governance Report
i) Whether the Board had not accepted any recommendation of any Committee of the Board,
which is mandatorily required, in the relevant financial year:
There are no such instances where, the Board had not accepted any recommendation of any
committee of the Board.
j) Total fees for all services paid by the company and its subsidiary on a consolidated
basis, to the statutory auditors and all entities in the network of which the statutory
auditor is a part :
The company does not have any subsidiary company.
k) Disclosures in relation to the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013:
The Company has in place an effective mechanism for dealing with complaints relating to
sexual harassment at workplace
a. No. of complaints filed during the year |
- |
b. No. of complaints disposed off during the year |
- |
c. No. of complaints pending as on end of the financial year |
- |
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