MANAGEMENT DISCUSSION AND ANALYSIS GLOBALECONOMY The global economic recovery continued to be uneven during 2014-15, with low inflation turning into deflation for consecutive months till March 2015. India's economy is poised to return to its high-growth path, thanks to lower fiscal and current deficit and flexible inflation targeting by the Reserve Bank of India (RBI). OUTLOOK The RBI has reduced the policy rate by 50 basis points, since January 2015.The interest rate in the economy has a direct bearing on the financial health of the market. Against this backdrop, our Company continues to explore profitable business opportunities, in a market that is not expected to grow at a rapid pace. OPPORTUNITIES, THREATS & RISK The stringent credit environment provides opportunity to the company to deploy funds at higher ROI. With credit contracting more, NBFC's provide the respite to the public for getting the funds to meet their credit need. Financial risk over the interest rate, currency fluctuations and liquidity risks have been managed through continuously monitoring them and taking effective steps to mitigate those risks. HUMAN RESOURCE Your Company believes in creating passion and enthusiasm in order to nurture the spirit of growth in young and fresh employees and engage them in improvement programme across various functions with a vision to inspire them to rise and excel in all that they do. This process of engagement and involvement through special assignments has created learning opportunities for the employees. INTERNAL CONTROL The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. Based on the report of internal audit function, the management undertakes corrective action in their respective areas and thereby strengthens the controls. Significant audit observations and corrective actions thereon are brsented to the Audit Committee of the Board. FINANCIAL PERFORMANCE The Net Profit (After Tax) for the Financial Year ended 31.03.2015 stood at Rs.(143584.90).The Company is a Non-Banking Financial Company. The NBFCs have grown steadily and have gained systematic importance. However, the Company has faced challenges since past two years due to moderate growth rates and plummeting profits. The Company aims to absorb cyclical stresses and increase profitability CAUTIONARY STATEMENT Statements in the Directors' Report and the Management Discussion & Analysis, describing the Company's objectives, expectations or forecasts, may be forward-looking within the meaning of applicable securities' laws and regulations. Actual results may vary significantly from the forward looking statement contained in this document due to various risks and uncertainties. The Company does not take any responsibility for any variance which might arise due to subsequent developments |