Management Discussion and Analysis Report for the year under review, as stipulated in clause 49 of the Listing Agreement with the Stock Exchanges is appended below:
A. BUSINESS
The Company is engaged in Investment, Finance and Allied Services. Arrangements are in hand to diversify its line of business for the future growth and prosperity.
B. REVIEW OF OPERATIONS & FUTURE PROSPECTS
Your Directors sincerely feel that operations of your Company in the business of Investment, Finance and Other Services will start showing signs of improvement. Steps are in hand to achieve further improvements in its business.
C. OPPORTUNITIES AND THREATS, RISKS AND CONCERNS
Your Company’s objective is to effect Continuous improvement in its business. However, the main causes of concern for your company in the years to come are: i) Reduction in the industrial growth rate. ii) Uncertain Government policy in use.
D. INTERNAL CONTROL SYSTEM
The Company has Internal control procedures commensurate with the nature of its business and size of its operations. The objectives of these procedures are to ensure efficient use and protection of Company’s resources, accuracy in financial reports and due compliance of applicable statutes and Company’s norms, policies and procedures.
The Internal Audit Report, the progress in implementation of recommendations contained in such reports and the adequacy of Internal Control Systems are reviewed by the Audit Committee of the Board in its periodical meetings.
E. HUMAN RESOURCES
At all levels, employees of the Company are fully committed to the growth of the Company and there was no loss of work due to any uncordial relation with them during the year.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.