cindrella financial services ltd share price Management discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS:

Cindrella Financial Services Limited is a listed entity and conducts business as a NBFC deriving its revenues mainly from interest earned on long term loans, rental income and fess for consultancy services rendered to various entities. At present the Company does not have any public deposits, secured debts instruments or other similar schemes.

OPPORTUNITIES AND THREATS:

The rising stock market indexes and the prevailing upward trend in share market prices had provided an opportunity to improve the performance of your company. Favourable stock market conditions allowed the Company to liquidate a part of its investments resulting in fund creation. However, the Company remains exposed to risks from stock market fluctuations and its resultant negative impacts.

OUTLOOK:

During the year under review the effort was on creating opportunities to increase business volumes and concentration was mainly on core non- banking financial activities. The Company has focused on improving its fund management.

RISKS AND CONCERNS:

The companys objectives, projections, estimates and expectations as stated herein are in the nature of ‘forward looking statements within the meaning applicable under the securities laws and regulations. The same are based on certain assumptions and expectations of future events over which the company exercises no control. The company cannot guarantee their accuracy nor can it warrant that the same will be realized by the company. Actual results could differ materially from those expressed or implied. Significant factors that could make a difference to the companys operations include domestic and international economic conditions affecting the banking industry, adverse fluctuations in interest rates, government regulations, tax regimes and other statutes.

SEGMENT-WISE PERFORMANCE:

This is not applicable in the area of operations of your company.

INTERNAL CONTROL SYSTEMS AND ADEQUACY :

The Company has proper internal controls systems and its adequacy has been reported by its auditors in their report.

The companys internal control systems are commensurate with the nature of its business and the operations.

Systems have been put in place to ensure that all the assets of the Company are safeguarded and protected against any loss and that all the transactions are properly authorized, recorded and reported. The Board duly considers and takes appropriate action on the recommendations made by the statutory auditors and the independent Audit Committee of the Board of Directors.

FINANCIAL PERFORMANCE REVIEW Revenue: Standalone:

The Companys total revenue from operations is higher at Rs. 108.14 lacs for the year ended March 31, 2023 as compared to Rs. 23.38 lacs in the previous year. Your company has reported a net profit after tax of Rs. 77.20 lacs.

Consolidated:

After adding the current years profit of the associate company Cindrella Hotels Ltd. amounting to Rs. 80.06 lacs, the total net profit in the books of your company stands at Rs. 157.26 lacs. Expenditure:

The Companys total expenditure has increased to Rs. 14.81 lacs for the year ended March 31, 2023 as against Rs. 9.04 lacs of the previous year ended March 31, 2022.

Profit after tax:

Profit after tax is higher at Rs. 77.20 lacs for the year ended March 31, 2023 as compared to Rs. 11.88 in the previous year.

EPS

The earnings per share for the year ended March 31, 2023 is Rs. 2.34 as compared to Rs. 0.36 per equity share of Re.10 /- each in the previous year.

DEVELOPMENTS IN HUMAN RESOURCES AND INDUSTRIAL RELATIONS :

The Company has no reportable issues with regard to matters pertaining to human resources and industrial relations that are relevant for this report.

Disclosures pertaining to remuneration and other details as required under Section 197(12) read with Rule 5(1) of Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014

Sl. Name of the Director/KMP No. and Designation	Remuneration of Director/KMP for financial year 2022- 23 (Rs In lakhs)	% Increase in Remuneration in the Financial year 2022- 23	Ratio of remuneration of each director/ median remuneration of employees	Comparison of the Remuneration of the KMP against the performance of the Company
1 Sangita Devi Baid Managing Director& CFO	--	--	--	--
2 Vivek Baid, Director	--	--	--	--
3 Amrita Dalmia, Company Secretary	1.44	--	--	--