Today's Top Gainer
Note:Top Gainer - Nifty 50 More
A) INDUSTRY STRUCTURE AND DEVELOPMENT:
The company is engaged in Financial Service Activity and has got license for carrying out Non Banking Financial Services activities from (non acceptance of deposits from the public) Reserve Bank of India.
B) COMPANY PERFORMANCE:
During the fiscal year ended 2019, the Company has not any business Operations as compared to previous years. In current fiscal year, the Company incurred Net Loss to the tune of INR 33,53,351.00 as against Loss of INR 49,14,082.00 for the corresponding previous year.
C) INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:
An appropriate and adequate system of internal controls exist in your company to ensure that all assets are safeguarded and protected against loss or from misuse or disposition, and that the transactions are authorized, recorded and reported suitably. The Company has reasonable assurance on authorizing, recording and reporting transactions of its operations in all material respects and in providing protection and safeguard against misuse or loss of assets of the Company. The Company has in place, well documented procedures covering financial and operational functions commensurate with the size and complexities of the organization. The internal control is designed to ensure that the financial and other records of the company are reliable for preparing financial statements and other data, and for maintaining accountability of assets.
D) HUMAN RESOURCES POLICIES:
The Company considers human resources as its greatest asset and strength in the process of development and progress. The focus has been to create an environment where performance is rewarded, individuals are respected and employees get opportunities to realize their potential.
E) CAUTIONARY STATEMENT:
The statements in report of the Board of Directors and the Management Discussion & Analysis Report describing the Companys outlook, estimates or predictions may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied since the Companys operations are influenced by many external and internal factors beyond the control of the Company. The Company takes no responsibility for keeping the members updated on changes in these factors except as may be statutorily required from time to time.