MANAGEMENT DISCUSSION AND ANALYSIS Industry Structure & Development Overall - The Company had started with the financial services business and has over the years ventured into other promising business segments namely education & training, funding, securities trading and investment etc. The funding business has traditionally been steady activity with solid growth and a good rate of return on investments and there shall always be a scope and demand for this business. The securities trading or investment industry has witnessed a sea change and has evolved to its brsent state, into a hi-tech and high growth industry with the online trading options, lower costs & higher volumes, financial information of companies & technical analysis being at your finger tips, technological advancement of capital market and particularly stock/security exchanges, ethical and firm legislations by regulatory bodies and a variety of option available in terms of type securities like equities, debts, derivatives etc. Capital Market & Finance Sector - The Indian capital market and financial services sectors happens to be one of the oldest, fast growing and robust sectors among other emerging economies. India is highly brferred as an investment destination as the savings rate is high (25% plus) and financial products' penetration is low. Moreover, the Indian Government is focussing on big policy initiatives to attract savers towards financial markets through incentives and tax savings which could unlock huge potential in these sectors. Outlook - The Company is striving to improve the quality and productivity especially in the promising sectors and considering the current economic trends and also barring unforeseen circumstances is confident of achieving higher revenues and improved operating margins in future. Internal Control Systems & Adequacy - The Company has an informal system of internal checks on its day to day affairs and dealings, which acts as an internal controls system, and audit committee is in charge of creating an effective system and also evaluates the adequacy and effectiveness of the internal controls. Human Resources/Industrial Relations - The Company's HR philosophy is to motivate and create an efficient work force as manpower is a vital resource contributing towards development and achievement of organisational excellence. The Company had employed several clerical and executive level personnel and the Company also employs faculty members on professional basis for the education division. Caution - Statements made herein describing the Company's expectations or brdictions are "forward-looking statements". Actual results may differ materially from those expected or implied, due change in economic, operational and regulatory scenarios within and outside the country. By Order of the Board of Director For VANTAGE CORPROATE SERVICES LIMITED Sd/- (Neeta Rajesh Dedhia) Managing Director DIN: 00969568 Address: E-2/307, Bharat Nagar, Grant Road, Mumbai- 400007. Place : Mumbai, date : 29th August, 2015 |