GCM Capital Advisors Ltd Management Discussions.

Your Directors have pleasure in presenting the Management Discussion and Analysis report for the year ended on 31st March 2018.


This report contains forward-looking statements based on certain assumptions and expectations of future events. The Company, therefore, cannot guarantee that these assumptions and expectations are accurate or will be realised. The Companys actual results, performance or achievements can thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.


The Company is in the business of providing Financial Advisory, Consultancy services and engaged in treasury operations by providing funding solutions to the clients, both in form of Debt & Equity and investment activities to various Companies as well as trading of Agriculture produces and Shares/ Securities. The Operating Income of the Company amounted to Rs. 295.62 Lakhs with a Profit before taxation of Rs. 9.62 Lakhs and Profit after Taxation amounting to Rs. 8.94 Lakhs.


The Company is a diversified financial services company mainly engaged in the business of providing financial advisory & consultancy services and engaged in treasury operations by providing funding solutions to the clients, both in form of Debt & Equity and investment activities.

Further as part of treasury operations, the company is also engaged in making investment in the form of Equity in various companies and not bound by pre defined restriction in regards to search of investments activities. Also the company has started trading and Import and Export of Fresh Fruits, Spices.


The fundamental growth drivers of the country s economy as well as our company continue to remain strong despite the pressures of slowdown and inflationary conditions and changes in various Laws and Regulations prevalent till recently in the nation and also globally.

The Geo-Political crisis globally would be biggest threat to the company and various changes and stricter Laws and Regulators and volatility in Exchange rate would become a major concern for the company going forward.


The Company has proper and adequate internal control system commensurate with the size of the business operations geared towards achieving efficiency in its various business operations, safeguarding assets, optimum utilization of resources and compliance with statutory regulations. The management is ensuring an effective internal control system to safeguard the assets of the company. Efforts for continued improvement of internal control system are being consistently made in this regard. The company has cleared secured bank liability against assets.


The Company values and appreciates the dedication and drive with which its employees have contributed towards improved performance during the year under review. The industrial relations with staff and officers are cordial during the year under review. All issues pertaining to staff matters are resolved in harmonious and cordial manner.


Statements in the Management Discussion and Analysis describing the Company s objectives, projections, estimates and expectations may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company s operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates changes in the Government regulations, tax laws, and other statutes and other incidental factors.

Place: Mumbai By Order of the Board of Directors
Data: August1, 2018 for GCM Capital Advisors Limi
Registered Office:
805, 8th Floor, Raheja Center,
214-Free Press Journal Marg, Nariman Point,
Mumbai, Maharashtra-400021 SAMIR BAID
DIN: 00243521
CIN: L74110MH2013PLC243163 Chairman