'With immense pleasure I present you with the 22ndJAnnuaC'Report of your Company. Thisyear has Been challenging But fiCCed 'with prospects of growth and development for Bothcompany as wed as its investors. your company aims to expCore new opportunities forinvestors and tap those resources in market to maximize the returns of sharehoCders aswedas investors.
The year has shown a reasonaBCe growth despite of the chaCCenges in Businessenvironment for the country. The Indian Tconomy continues to face chadenges and risksgCoBady But on a positive note it has remarkaBCy grown. Thereby also giving a rise tovarious opportunities for your company as wed
The Indian growth rate for the year 2015-16 is 7.6% in comparison to previous year at7-4% in 2014-15 and6.9% in 2013-14 in GjDT for the Indian economy. Thisindicates a slow and steady But apositive growth over ad The inf Cation continues to risealthough is stiCC Cower and controdaBCe to a certain extent. Indian economy is one of thefastest growing economy ingCoBaCcontext. Moreover the securities market has vast futureprospects as a result of this growth. The government has constantly Been working toimplement poCicies as such to deveCop trade and commerce in the country which createsapositive outCookfor your company. IA.Cso there has Beenamerger of TMC with STBI onSeptember 28 2015 on account of that merger it may Be possible that STBI wiCCadowstock Brokers to start Commodity Broking and as a result of this merger your company maysubject to regulatory approvals can trade in the commodity markets in nearfuture.
The company has been working in the securities market which is to play a big role inthe overall economical development of the country and it fulfills the major objective ofusing savings to invest and use them with better ideas and expertise from the market. Itis never enough to have a mere source of income for an individual but also returns frominvestments are expected so as to have more savings for the investors. With the advent ofchanges in political scenario it can be said that more and more sources of investmentswill be invested into the securities market. The company has also shifted the registeredoffice to a new building located in Indore in this year with latest infrastructurefacilities. The new office was inaugurated in September 2015.
Your company continues to work towards the maximization of overall return not only byproviding better returns but also by further analyzing and exploring opportunities withinthe untouched sources and channeling the savings into investments with more focus onMutual Funds. Mutual funds provide vast opportunities to tackle the inflation problems asan investor and are yet to be utilized by investors. The mutual fund market in previousyears has seen various prospects but only around 10 million people are investing in India.We aim to educate our investors regarding mutual fund as it provides long term prospectsto the investors to improve returns. We also hope that because of 7th Pay Scale introducedby Government of India People will receive more income in their hands and they willchannelize their savings towards this Business which will help our Business Significantly.
The mutual fund involves Systematic Investment Plan (SIP) and Systematic Transfer Plan(STP) which is a source of savings and investment. SIP involves the transferring of fixedinvestment in the mutual fund scheme on a regular basis so as to implement a saving plan.STP can be used to control the risk and maximizing the returns step-by-step. SIP and STPcan also prove to be a significant tool for Tax Planning because of a number of taxbenefits under mutual fund investments.
The board aims to make your company better and better in the field of securities marketby formulating and further executing such policies and to have a better value toshareholders thereof. We believe in rendering the most moral and output based monetaryservices since our establishment. We are more inclined towards offering meticulous tradingexperiences to our clients our Major Focus is on providing a smoother platform for NetBased
Trading. Whether you are a bull or a bear trade anywhere with the most powerfultrading platform in the palm of your hand through our Mobile Application- "Indo Thai-Quick Trade". Your company is constantly improving the quality and value of theservices. We would like to thank our shareholders for keeping faith in us and promise togive prosperous results in the near future. The board has also recommended a dividend @10% on the shares with a face value of Rs. 10 per share i.e. Re. 1 per share.
Your Company also strives for creating good working atmosphere for employees WeProvide Canteen facility to our employees at nominal charges so that they can get goodnutritional food during working hours. We also feel that there should be a proper balancebetween Healthy Diet & Proper Exercise for that we facilitate our employees with awell equipped gym so that all of our employees can avail the gym facility. Apart from allthis we are also a true believer of work discipline and so we have a proper Dress Codealongwith Identity Cards for all the Employees.
The company deals in several segments that includes Equity Segment F&O SegmentCurrency Segment Depository Segment and Mutual Funds Segment. During the year theturnover from the Equity Segment was Rs. 3918.45 crores and also turnover in our F&OSegment was at Rs. 5089.61 crores while the Currency Segment recorded a turnover of Rs.1978.53 crores. The total net worth of the company in the year has rised from Rs. 37.82crores to Rs. 43.15 crores and the operating revenue was Rs. 38.62 crores which show asteady growth over the year.
With the advent of new policies and changes in the government we expect that thecurrent sociopolitical and economical environment would provide us with betteropportunities and it would be favourable for the company to increase the value ofshareholders with a promise to continue the same for future years for all the stakeholdersincluding our customers government and bankers.
We would like to specially thank our stakeholders for placing their trust in thecompany whose suggestions inspire us to keep growing and hope that in coming years wewill continue to prosper as a whole with faith of our shareholders.
With Warm Regards Sd/-
|Date: August 08 2016 ||Parasmal Doshi |
|Place: Indore ||(Chairman cum Whole Time Director cum CFO) |