Today's Top Gainer
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Your Company is a private sector Non Banking Financial Company primarily involved in the business of investment in securities. The Company has not earned any income during the financial year under review. Total Expenses incurred during the year was Rs. 300,628/- including depreciation due to which the Company incurred total loss of Rs. 300,628/-.
The operations of the Company continue to be focused on Investment. The Directors are very much optimistic about further improvement in performance during the current year.
RISK AND CONCERNS:
Your Company is exposed to competitive, business and environmental risks including interest rate volatility, economic cycles, market risk and credit risk. Your Directors are managing these risks by maintaining a conservative financial profile and by following prudent business and management practices.
ADEQUATE AND INTERNAL CONTROL:
A proper and adequate system of internal controls has been set up by the company to ensure that all activities are monitored and controlled against any unauthorized use or disposition of assets. Further it has been ensured that all the transactions are authorized, recorded and reported correctly.
HUMAN RESOURCE DEVELOPMENT:
The Company has not appointed any employee in this financial year.