Shristi Infrastructure Development Corporation Ltd.
BSE: 511411 |
Sector: Infrastructure |
NSE: PEERABASAN |
ISIN Code: INE472C01027 |
BSE
00:00 | 01 Feb
|
24.50
|
-0.75 (-2.97%)
|
OPEN
24.75
|
HIGH
24.85
|
LOW
23.90
|
NSE
05:30 | 01 Jan
|
Shristi Infrastructure Development Corporation Ltd
|
OPEN |
24.75 |
PREVIOUS CLOSE |
25.25 |
VOLUME |
3019 |
52-Week high |
78.40 |
52-Week low |
23.10 |
P/E |
|
Mkt Cap.(Rs cr) |
54 |
Buy Price |
0.00 |
Buy Qty |
0.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
OPEN |
|
PREVIOUS CLOSE |
|
VOLUME |
|
52-Week high |
0.00 |
52-Week low |
0.00 |
P/E |
|
Mkt Cap.(Rs cr) |
54 |
Buy Price |
|
Buy Qty |
|
Sell Price |
|
Sell Qty |
|
OPEN |
24.75 |
CLOSE |
25.25 |
VOLUME |
3019 |
52-Week high |
78.40 |
52-Week low |
23.10 |
P/E |
|
Mkt Cap.(Rs cr) |
54 |
Buy Price |
0.00 |
Buy Qty |
0.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
OPEN |
|
PREVIOUS CLOSE |
|
VOLUME |
|
52-Week high |
0.00 |
52-Week low |
0.00 |
P/E |
|
Mkt Cap.(Rs cr) |
54.39 |
Buy Price |
|
Buy Qty |
|
Sell Price |
|
Sell Qty |
|
Shristi Infrastructure Development Corporation Ltd. (PEERABASAN) - Chairman Speech
Company chairman speech
1995
PEERLESS ABASAN FINANCE LIMITED
CHAIRMAN'S STATEMENT
I have great pleasure in welcoming the members of the Company to its 5th
Annual General Meeting and the second after issue of shares to the public.
The year gone by will, I am sure, be remembered as a year of great events
in the Country's history. Our country has already crossed several major
land marks in pursuit of the new economic policy initiated by our
Government during the year. Liberalisation by the Government is having its
effects in almost all sectors of the economy and is expected to generate
long term sustainable growth in the economy of the country.
The budget for the year 1995-96 is expected to provide all round growth of
the country and appears to have generated a favourable climate of
investment in the country by foreign investors both in industrial as well
as financial sectors.
PERFORMANCE
PAFL has emerged as one of the premier private sector Housing Finance
Companies in the country, today. The performance of the Company for the
year ended 31st March, 1995 had been remarkable. The Company's income this
year has increased to Rs. 1079 lakhs as compared to the previous year's
income of Rs. 449 lakhs. The profit before tax has grown by 331% from Rs.
111 lakhs in 1993-94 to Rs. 478 lakhs in 1994-95. Better performance in the
current year enabled the Company to recommend a dividend at the rate of Rs.
1.20 per equity share against the promised dividend at the rate of Rs. 1.00
per equity share as given in Company's prospectus.
FUTURE PLANS
There has been a considerable effort in improving the satisfaction level of
housing all over the country. PAFL is contributing its best to this basic
area of human needs. Other than loans to individuals special emphasis is
also being given to developers/promoters who are taking up construction of
housing projects of bigger size all over the country. Special stress is
also being given to North Eastern Region for house building loan.
WORKING RESULTS
The cumulative deposits to the Company have increased to Rs. 3522 lakhs as
on 31st March, 1995 from Rs. 2126 lakhs as on 31st March, 1994. The
cumulative amount of housing loans disbursed aggregated to Rs. 1330 lakhs
as at 31st March, 1995 as against Rs. 521 lakhs as at 31st March, 1994.
The profit after tax during the year has increased to Rs. 368 lakhs as
compared to Rs. 89 lakhs during the previous year.
I am pleased to inform you all that Company has made an all round
improvement in its performance during the year.
CUSTOMERS SERVICE
Your Company believes that the most important yard stick of a company's
performance is its customers service. Your Company has, therefore, taken
special steps for better and prompt services to its customers. I am happy
to inform you that your Company has been able to computerise its system and
is giving deposit certificates across the counter. Company also sanctions
House Building Loan within a very short period provided they satisfy the
conditions as laid down by NHB.
CONCLUSION
On behalf of the Board of Directors and on my own behalf, I take this
opportunity to thank our customers. depositors, bankers, promoters and
shareholders for the co-operation extended and confidence reposed in the
Company and I look forward to their continued support. I also place on
record my appreciation of the good work done by all the staff and field
members. I hope that your Company with the concerted efforts of all
concerned and the good wishes of its members will continue to prosper.
A. N. Sen
Chairman
Place : Calcutta
Date : 23rd June, 1995
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