bala techno global ltd share price Management discussions

BALA TECHNO GLOBAL LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS SCENARIO The business scenario of finance Companies has changed drastically in the last few years, due to consolidation and restructuring in the financial sector and liberalization and globalization of markets. The aggressive foray of Indian and Foreign banks and financial Institutions into retail financing has resulted into severe competition. This competition is likely to intensify further. The line of distinction between finance companies, Financial Institutions and Banks is almost non-existent. This competitive environment calls for efficient process capabilities, use of technology, cost efficiencies, strict credit monitoring and raising the level of customer service. This process of change in the financial services industry has also provided greater growth opportunities for proactive, strong and well managed finance companies. PERFORMANCE AND OUTLOOK The gross income for the year was Rs. 483.3 lacs against Rs. 8.87 lacs in previous year and the net income was Rs. 138.09 lacs for the year against net loss of Rs. 58.92 lacs in previous year. Your Directors are pleased to inform that Canara Bank the Debenture holders of 4,00,000 14% secured Redeemable ton-cumulative Debenture of Rs.100/- each have waived interest of Rs. 308.69 Lakhs the effect of which has been given during the financial year under review. The companys performance remained effected due to adverse business environment of Financial Services. Profits margins were under pressure resulting in low realization. Efforts are being made to reduce the losses by curtailment of costs.

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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.

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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.

bala techno global ltd share price Management discussions

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Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

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Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.