INDUSTRY STRUCTURE AND DEVELOPMENTS:
Non Banking Financial Companies (NBFCs) have become an integral part of India'sfinancial system. In recent times NBFCs have emerged as lenders to both companies andindividuals. When it comes to lending NBFCs are generally regarded to be complementary tobanks and are often able to offer better services and products to their customers. Inspite of strong competition face by the NBFCs the inner strength of NBFCs viz. localknowledge credit appraisal skill well trained collection machinery close monitoring ofborrowers and personalized attention to each client are catering to the needs of smalland medium enterprises in the rural and semi urban areas. NBFCs are playing significantrole in financing needs and have reached the gross root level through Micro finance.
Opportunities and Threats
OPPORTUNITIES & THREATS RISKS & CONCERNS PERFORMANCE AND OUTLOOK
The company bears the normal risk in terms of inherent business risk in the kind ofbusiness the company is into. The Board of the company has taken a balanced approach forinvesting in these activities. After bad experience in the past the Board is adopting acautious approach and not an aggressive one. After stabilization for existing businessthe company will foray into other related areas to have good growth in future.
INTERNAL CONTROL AND THEIR ADEQUACY
Internal control measures and systems are established to ensure the correctness of thetransactions and safe guarding of the assets. The control systems set on place and furthersupplemented by MIS which provided for planned expenditure and information in disposal andacquisition of assets.
FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
The Company has achieved a turnover of Rs. 416.52 Lakh and has earned profit of Rs.5.57
Lakh during the year under review.
MATERIAL DEVELOPMENT IN HUMAN RESOURCES AND INDUSTRIAL RELATION FRONTINCLUDINGNO. OF PEOPLE EMPLOYED
Your company continues to lay great stress on its most valuable resource people.Continuous training both on the job and in an academic setting is a critical input toensure that employees at all levels are fully equipped to deliver a wide variety productsand services to the customers of the company.
The company had employed 10 persons during the financial year 2017-18.
Statements in the Management Discussion and Analysis Report describing our companyobjectives expectations or predictions may be forward looking within the meaning ofapplicable regulations and other legislations. Actual results may differ materially fromthose expressed in the statement. Important factors that could influence companyoperations include global and domestic financial market conditions affecting the interestrates availability of resources for the financial sector market for lending changes inregulatory directions issued by the Government tax laws economic situation and otherrelevant factor.
| ||By Order of the Board || |
| ||For Northlink Fiscal and Capital Services Limited || |
|Place: Ludhiana ||sd/- ||sd/- |
| ||(Sunny Maria) ||(Shamli Maria) |
|Date: 14.08.2018 ||Managing Director ||Director |
| ||DIN 01006699 ||DIN 02915048 |
| ||62-B Kitchlu Nagar ||62-B Kitchlu Nagar |
| ||Ludhiana-141001 ||Ludhiana-141001 |