The key issues of the Management Discussion and Analysis are given below.
Industry Structure and Developments
With various initiatives by the Government of India, the Management is expecting a boost in the overall development of Industry.
Opportunities and Threats
Being a primarily investment company fluctuating markets and interest rate pose a threat to the business of the Company, however the same can be converted into opportunity proper planning and implementation.
Risk and Concerns
As per the Management of the Company, the major risk and concerned that might affect the overall Growth and Development of the Company is the inflation, interest rate, dynamic regulatory environment and fast changing Government policies.
Segment wise performance
There were no major operations in the Company during the year, no segmental results are given.
Outlook
The Management of the Company is optimistic towards the growth and future of the Company.
Risk Mitigation
Although the Company has been following the principle of risk minimization as is the norm in every industry, it has now become a compulsion. The Board members were informed about risk assessment and minimization procedures after which the Board formally adopted steps for framing, implementing and monitoring the risk management plan for the Company through Audit Committee. The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. In order to achieve the key objective, the policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues.
Management Perception and Initiatives
The Management looks forward to better risk-reward scenarios in the future. We also expect to expand loan spectrum of the Company as the economy stabilizes more progressive borrowers are in look out for loans.
Internal control systems and their adequacy
Considering the size of the Company, the Management of Company is of the opinion that the internal control systems are adequate. However, the Management of the Company is always striving to improve and develop the Internal Control Systems.
Discussion on financial performance with respect to operational performance
During the year under review the Company earned Profits from its operations and the management is of the opinion that the Company will be able to sustain and be able to increase the same in future years.
Material developments in Human Resources / Industrial Relations front
The Company has in place a policy for Human Resource Management and the Board of Directors are assigned with the responsibility to maintain Industrial relationship.
Key Financial Ratios
Sr.no | Particulars | Numerator | Denominator | Ratio 2024 | Ratio 2023 | % Variance | Remark |
1 | Capital to risk - weighted assets ratio (CRAR) | Tier I Capital + Tier II Capital | Total Risk Weighted Assets | 1.32 | 1.46 | -9.54% | - |
2 | Tier I CRAR | Tier I Capital | Total Risk Weighted Assets | 1.32 | 1 .46 | -9.54% | - |
3 | Tier II CRAR | Tier II Capital | Total Risk Weighted Assets | N.A | N.A | - | - |
Disclosure of Accounting Treatment
The company has followed all the relevant and applicable Accounting Standards while preparing the Financial Statements.
By Order of the Board | ||
Sd/- | Sd/- | |
Akash Vardhan | Rajesh Vardhan | |
Date : 24th June, 2024 | Managing Director | Director |
Place: Mumbai | DIN: 03043186 | DIN: 00199986 |
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