Today's Top Gainer
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Directors are pleased to present the Management Discussion and Analysis Report for the year ended 31st March, 2017.
The Management Discussion and Analysis have been included in consonance with the Code of Corporate Governance as approved by The Securities and Exchange Board of India (SEBI). Investors are cautioned that these discussions contain certain forward looking statements that involve risk and uncertainties including those risks which are inherent in the Companys growth and strategy. The company undertakes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this report consequent to new information or developments, events or otherwise.
The management of the company is presenting herein the overview, opportunities and threats, initiatives by the Company and overall strategy of the company and its outlook for the future. This outlook is based on managements own assessment and it may vary due to future economic and other future developments in the country .
1. INDUSTRY STRUCTURE AND DEVELOPMENTS
The last year (2016-2017) was successful in capital market and the stock market was on their height. There was good development in Primary maket and SME platform. The Coimpany sees the good opporuntiy and development in coming years.
2. OPPORTUNITY AND THREATS
The Indian money market is "a market for short-term and Long term funds with maturity ranging from overnight to one year and includes financial instruments that are deemed to be close substitutes of money. It is diversified and has evolved through many stages, from the conventional platform of treasury bills and call money to commercial paper, certificates of deposit, repos, FRAs and IRS more recently.
The Indian money market consists of diverse sub-markets, each dealing in a particular type of short-term credit. The money market fulfills the borrowing and investment requirements of providers and users of short-term funds, and balances the demand for and supply of short term funds by providing an equilibrium mechanism.
In Stock Market or Capital Market, the first and foremost thing of strength is its ability to provide high return. SEBI is a regulatory body of Indian stock market which protects the interest of the investors
which is an added benefit of Stock Market. Large number of securities which provides medium for investment and thus people can make money by way of investing wisely in Stock Market. Large numbers of Brokers are there in Market who plays a role of facilitator for investment.
Threats & Concerns
Some of the key trends of the industry that are favorable to the company to exploit these emerging opportunities are:
? Clients are more comfortable with uniform high quality and quick service.
? There are good prospects for expanding further activities in this direction.
Some of the key changes in the industry unfavourable to the company are:
? Heightened competition ? Increasing Compliances
? Attraction and retention of human capital. ? Regulatory changes.
3. SEGMENTWISE PERFORMANCE
Presently your Company is dealing in one segment i.e. financial services.
The growing economy and ever increasing capital market provides a good scope of expansion of financial service sector. Your Company is very well prepared to grab the opportunities. The management is very optimistic about the future of the Company.
5. RISKS AND CONCERNS
The Company has aligned its policy on risk assessment in line with global approach and risk assessment reports are reviewed on regular intervals. The Company has adopted a focused approach towards risk management in the form of a corporate insurance program which has the goal of optimizing the financing of insurable risks by using a combination of risk retention and risk transfer. The program covers all potential risks relating to business operations of the Company at its various locations.
The Companys business critical software is operated on a server with regular maintenance and back-up of data and is connected with two physically separated servers. The systems parallel architecture overcomes failures and breakdowns. Reliable and permanently updated tools guard against virus attacks. Updated tools are regularly loaded to ensure a virus free environment.
6. INTERNAL CONTROL SYSTEMS
The Company has implemented a comprehensive system of internal controls and risk management systems for achieving operational efficiency, optimal utilisation of resources, credible financial reporting and compliance with local laws. These controls are regularly reviewed by both internal and external agencies for its efficiency and effectiveness. Management information and reporting system for key operational activities form part of overall control mechanism.
7. FINANCIAL PERFORMANCE
The Company has achieved a turnover of Rs.54.28 Lacs during the current year as against Rs.110.79 Lacs in previous year. During the current year Company has earned profit of Rs. 28.38 Lacs as against profit of Rs. 27.61 lacs in the previous financial year.
8. HUMAN RESOURCE AND INDUSTRIAL RELATIONS
Your company has been able to employ and retain qualified professionals by offering the challenging work environment and compensation. The Company provides in house training to its employees.
i. The Management believes in maintaining cordial relations with its employees. The management recognizes the importance of Human Resources and effective steps will be taken to strengthen the same depending on the requirements.
ii. The Company provided excellent working environment so that the individual staff can reach his/her full potential.
iii. The Company is poised to take on the challenges and march towards accomplishing its mission with success.
iv. The Company maintained good Industrial/Business relation in market which enhanced the
Creditworthiness of the Company.
The Company has insured its assets and operations against all insurable risks including fire, earthquake, flood, and etc. as part of its overall risk management strategies
10. CAUTIONARY STATEMENT
Statements in this report on management discussion and analysis describing the companys objectives, projections, estimates, expectations and prediction are based on certain assumption and expectation of future events. Actual result could differ materially from those expressed or implied. The Company assumes no responsibility to amend, modify or revise any of the statements on the basis of subsequent developments, information or events.
For and on behalf of the Board of Directors Of Supra Pacific Management Consultancy Ltd.
Sd/- Kishor A. Shah
Date: 30th August, 2017