Industry Structure and Developments:
The Company is primarily engaged in the business of investing in shares and securities and lending. The financial market duri ng the year witnesses a modest global recovery with strong growth in the developing countries. The growth stimulus and measures undertaken by the Indian Government at the Centre has led to the growth in our economy. With significant growth in the manufacturing sector, the trend is on upward side. With the revival in the Indian economy, the financial markets seems to poised up in the near future.
Opportunities and Threats:
The Companys business being in the small sized NBFC Sector, the business opportunities are very limited and the threats are also moderate.
Segment wise performance:
During the financial year under review, your Company is engaged in the business of investing in shares & securities and lending only as compared to previous financial year. The quantum of Revenue of the Company during this financial year only comprised of sale of Shares and interes t received on Loans so advanced.
Outlook:
Your Company is able to sustain the growth to its business operation. In the present scenario, the Management considers it prudent to concentrate on its current business and shuffle its Investment Portfolio as and when necessary to derive maximum benefit and look for new opportunities in financial sector.
Risk and Concerns:
In view of the inherent risk involved in the Investment business, it is the Managements intention to minimize the risk facto r by constantly reviewing market trend and economic conditions.
Internal Control Systems and Their Adequacy:
The Company maintains an efficient internal control system and the management is constantly reviewing for achieving improved operational efficiency.
Highlights of financial performance with respect to operational performance:
During the Financial year under review, your company achieved total income of 148.52 Lacs as compared to 163.68 Lacs in the previous year. Net profit (after tax) for the year is - 13.67 Lacs as compared to net profit of -16.62 Lacs in the previous year. Your directors are optimistic and committed to improve the financial performance of the Company in the coming years.
Human Resources and Industrial Relations:
The Company believes that to achieve sustainable growth and continual success, a dedicated and devoted workforce is indispensable. The Management is fully committed to enhance the capabilities of employees as a whole.
Cautionary Statement:
Statements in the Management Discussion and Analysis Report describing the Companys predictions and assumptions may be forward-looking within the meaning of applicable laws and regulations. The actual performance may differ from that
Expressed or implied. The Company assumes no responsibility to publicly amend or revise any forward-looking statements based on some subsequent information or events.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund & Specialized Investment Fund Distributor), PFRDA Reg. No. PoP 20092018

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