Ramsons Projects Management Discussions



Industry Structure and developments

The business of the Company is that of a Non-Banking Finance Company (NBFC).

Non-Banking Financial Companies (NBFCs) have become an integral part of Indias financial system. In recent times, NBFCs have emerged as lenders to both companies and individuals. When it comes to lending, NBFCs are generally regarded to be complementary to banks and are often able to offer better services and products to their customers. In spite of strong competition faced by the NBFCs, the inner strength of NBFCs viz local knowledge, credit appraisal skill, well trained collection machinery, close monitoring of borrowers and personalized attention to each client, are catering to the needs of small and medium enterprises in the rural and semi urban areas. NBFCs are playing a significant role in financing the road transport and infrastructure and have reached the gross root level through Micro finance.

Outlook on opportunities, threats, risks & concerns

The company is consolidating its position and looking better prospect in the days to come. The Company is making its best efforts to realize the maximum from the customers by taking recourse of legal remedies where warranted.

Internal Control Systems and their adequacy

The Company has adequate internal control procedures commensurate with the size and nature of the business. The internal control system is supplemented by regular reviews by the management and well-documented policies and guidelines to ensure reliability of financial and all other records and to prepare financial statements and other data. Moreover, your Company continuously upgrades these systems in line with the best accounting practices. The Company has independent audit systems to monitor the entire operations and the Audit Committee of the Board reviews the findings and recommends better audit procedures and systems as may be required. It is ensured that all assets are safeguarded and protected against any loss from unauthorized use or disposition and that transaction are authorized, recorded and reported correctly to keep constant check on the cost structures and to prevent revenue leakages.

Financial Performance

The Financial performance of the Company is given as under:

(Rs. in Lacs)
Particulars For the Year ended March 31, 2023 For the Year ended March 31, 2022
Revenue from operations 51.90 32.32
Other Income 4.91 1.10
Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense 14.80 13.72
Less: Depreciation 0.22 0.04
Profit /loss before Finance Costs, Exceptional items and Tax Expense 14.58 13.69
Less: Finance Costs 7.95 0.08
Profit /loss before Exceptional items and Tax Expense 6.63 13.60
Add/(less): Exceptional items- Prior Period Items (11.77) -
Profit /loss before Tax Expense (5.14) 13.60
Less: Tax Expense - Current 1.14 1.96
Add/(less): MAT Credit entitlements (0.98) (1.38)
Profit /(loss) for the year (A) (5.30) 13.02
Other Comprehensive Income/(loss) (B) 10.52 (11.03)
Total Comprehensive Income after Tax (A+B) 5.22 1.99
Balance of profit / loss for earlier years 306.19 295.78
Balance carried forward 301.95 306.19


Non-Banking Financial Companies (NBFCs) are fast emerging as an important segment of Indian financial system. It is performing as financial intermediation in a variety of ways, like making loans and advances, leasing, hire purchase, consumer retail finance etc. They advance loans to the various wholesale and retail traders, small-scale industries and selfemployed persons. Thus, they have broadened and diversified the range of products and services offered by the financial sector. Gradually, they are being recognized as complementary to the banking sector due to their customer-oriented services; flexibility and timeliness in meeting the credit needs of specified sectors; etc.

Segment Information

The primary business segment of the Company is NBFC activities which include disbursement of to Retail Customers and Small Companies and Firms and Investment activities.


• High cost of funds

• Slow industrial growth

• Stiff competition with NBFCs as well as with banking sector

• Non-performing assets

• Changes in Technology

• Entry of New players

• Government Policies

Risk and Concerns

Growth of the Business of the Company is linked to the overall economic growth. Macro risk to the business can be adverse changes to the economy and policies of Reserve Bank of India and policies of Government of India. Volatility in Non-performing assets can be other significant risk.


The Company is seeking to improve its NBFC business. To strengthen its NBFC business, company is exploring the opportunities in consumer retail finance.

Human Resources

The company always regards human resources as its most valuable asset and continuously evolves policies and process to attract and retain its substantial and qualitative pool of managerial resources through friendly work environment that encourages initiatives by individuals and recognizes their performance. The total number of Key Employee employed at the Company is 2 (Two).

Details of significant changes (i.e., change of 25% or more as compared to the immediately previous financial year) in key financial ratios: There is no change of more than 25 % in the key financial ratios of the Company as compared to previous financial year 2021-22.

Further, the Other Ratios such as Debtors Turnover Ratio, Inventory Turnover Ratio, Interest Coverage Ratio and Debt Equity Ratio are not applicable on the Company.


Certain Statements in the management Discussion and Analysis describing the companys views about the industry, expectations, objectives, etc may be understood within the meaning of applicable laws and regulations. Factors like changes in Government regulations, tax laws and other factors such as industrial relations and economic developments etc. may further influence the companys operations or performance.

By order of the Board
For Ramsons Projects Limited
sd/- sd/-
Sunil Sachdeva Sundeep Kalsi
Managing Director Director
DIN-00012115 DIN-01493597
Add: A-10/6, Vasant Vihar, Add: H-3, Aaron Ville, Sohna Road, Sec.-
New Delhi 110057 48, South City-II, Gurugram 122018
Place: Gurugram, Haryana
Date: August 09, 2023