Today's Top Gainer
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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 the listing agreement: -
The Non banking financial 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 2014.
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. Govt. policies and other incidental factors.
No transactions of material nature are entered into by the company with Promoters, Directors or Management, their relatives etc. that may have a potential conflict with interest of the company. The register of contract containing the transactions in which the directors are interested is placed before the board regularly.
There is no pecuniary transaction with the independent / non- executive directors other than the payment of Remuneration disclosed in point no. 4 above
There is no instance of non compliance by the company, penalties, strictures imposed on the company by stock exchange of SEBI, or any statutory authority, on any matter related to capital markets, during the last three years.
8. Means of Communication
Quarterly and half - yearly reports are published in one English daily newspaper (Free press Journal) circulating in the country and one Hindi newspaper (Choutha Sansar) published from Indore.
The management discussion and analysis is a part of the annual report.
9. Share Transfer System
The securities lodged for transfer at its share transfer agents address are normally processed within 15 days from the date of lodgment, if the documents are complete in all respect. All request for dematerialisation of securities are processed and the confirmation is given to the depositories within 21 days.
10. Dematerialization of shares
Company had already registered with the National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL) to facilitate holding of securities in electronic form. Securities and Exchange Board of India (SEBI) has included the companys script in compulsory demat settlement for all type of investors. Thus the dealing in companys equity shares can be in demat form only.
The Companys shares are required to be compulsorily traded in the Stock Exchanges in dematerialized form.
The number of shares held in dematerialized and physical mode is as under:
|Particulars||No. of Shares||% of total capital issued|
|Held in Dematerialized form in NSDL||7387419||72.40|
|Held in Dematerialized form in CDSL||1619481||15.87|
11. General Shareholder Information
|1.||Annual General Meeting||24th September, 2014 11:00 A.M.|
|Date and Time||Wednesday|
|Venue||CM-23, Sukhliya, Indore 452010 (M.P.)|
|2.||Financial Calendar for the year 2014-15 (Tentative) Financial year 1st April to 31st March|
|I quarter result||4th week of July 2014|
|II quarter result||4th week of October 2014|
|III quarter result||4th week of January 2015|
|Result for the year end||4th week of April 2015|
|3.||Dates of book closure||22nd September, 2014 to 24th September, 2014 (Both days inclusive)|
|4.||Registered Office||CM-23, Sukhliya, Indore (M.P.)
PIN Code: 452 010
|5.||Listing on stock Exchange at||Bombay Stock Exchange Ltd., Mumbai|
|6.||Stock Market data|
|(a) Stock code||For BSE||531310|
|(b) Market Data||Demat ISIN Number||INE325G01010|
The Bombay Stock Exchange Ltd.,
Mumbai (BSE) (Rs.Per Share)
|Months High Price||Months Low Price|
Data source from the website of the Bombay Stock Exchange Ltd., Mumbai
|7. Registrars & transfer agent||: (For Physical & Electronic Mode)|
|M/s Ankit Consultancy Pvt.Ltd.|
|Plot No.60, Electronic complex,|
|Pardesipura, Indore (M.P.) 452010|
|Ph. 3198601-602, 2551745-46 Fax: 0731- 4065798|
|E-Mail: Ankit_4321@ yahoo.com|
8. Distribution of share holding as at March 31st, 2014
|No. of shares||No. of Holders||%||No. of Shares||%|
|1001 - 2000||52||7.51||9742||0.10|
|2001 - 3000||35||5.06||10015||0.10|
|3001 - 4000||26||3.76||10066||0.10|
|4001 - 5000||160||23.12||79653||0.78|
|5001 - 10000||171||24.71||144935||1.42|
|10001 - 20000||43||6.21||72352||0.71|
|20001 - 30000||18||2.60||46030||0.45|
|30001 - 40000||3||0.43||11058||0.11|
|40001 - 50000||6||0.87||28950||0.28|
|50001 - 100000||13||1.88||96173||0.94|
9. Shareholding pattern as on 31st March 2014:-
|Category||No. of Shares held||% of share Holding|
|Directors and relatives||5195290||50.92|
|Other Corporate Bodies||3121160||30.59|
|10. Compliance officer :||Mr. Rajendra Sharma, Director|
|Available Finance Limited|
|CM-23, Sukhliya. INDORE- 452010 (M.P.)|
To the Board of Directors of the Available Finance Ltd.
In compliance with Clause 49 (V) of the Listing Agreement with the Stock Exchange, I hereby certify that:
(a) I have reviewed financial statement and the cash flow statements for the year ended 31st March 2014 and to the best of my knowledge and belief:
i) These statement do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading; and
ii) These statement together present a true and fair view of the Companys affairs and are in compliance with existing accounting standards, applicable laws and regulations; and
(b) There are, to the best of my knowledge and belief, no transactions entered into by the company during the year 2013-14, which are fraudulent, illegal or voilative of the companys code of conduct.
(c) I accept responsibility for establishing and maintaining internal controls and that we have evaluated the effectiveness of the internal control systems of the company and I have not observed any deficiencies in the design or operation of internal controls.
(d) I have indicated to the auditors and the Audit Committee that there are:
i) No significant changes in the internal control during the year;
ii) No significant changes in accounting policies during the year;
iii) No instances of significant fraud where the involvement of management or an employee
iv) Having a significant role in the companys internal control system have been observed.
|Place: Mumbai||(Rakesh Sahu)||(Rajendra Sharma)|
|DIN - 00981139|
AUDITORS REPORT ON CORPORATE GOVERNANCE
To the Member of Available Finance Ltd.
We have read the report of the board of directors on corporate governance and have examined the relevant records relating to compliance of conditions of corporate governance of Available Finance Ltd. (The
company) for the year ended March 31st, 2014 as stipulated in clause 49 of listing agreement of said company with the stock exchanges.
The compliance of condition of Corporate Governance is the responsibility of the management.
Our examination conducted in the manner described in the Guidance Note on Certification on Corporate Governance issued by the Institute of Chartered Accountants of India, was limited to procedures and implementation thereof adopted by the company for ensuring compliance with the conditions of Corporate Governance.
Our examination was neither an audit nor was it conducted to express an opinion on financial statement of the company.
In our opinion and to the best of our information and according to the explanations given to us on the basis of our examination described above, company has complied with the conditions of Corporate Governance as stipulated in Clause 49 of the above Mentioned Listing agreement.
We further state that such compliance is neither an assurance as to the future viability of the company nor the efficiency or effectiveness with which the management has conducted the affairs of the company.
|For Jain Doshi & Co.|
|Firm Reg. No. : 007365C|
|Place: Mumbai||(Rakesh Kumar Jain)|
|Membership No. : 075938|