adventz securities enterprises limited annual report … · annual report . f.y. – 2016-2017 ....
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ADVENTZ SECURITIES ENTERPRISES LIMITED
ANNUAL REPORT F.Y. – 2016-2017
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ANNUAL REPORT AND ACCOUNTS 2016-2017
BOARD OF DIRECTORS Mr. Rewati Raman Goenka (Chairman) Mr. Akshay Poddar Mrs. Puja Poddar Mr. Gaurav Agarwala Mr. Piyush Khaitan Mr. Kunal Agarwala
MANAGER & CHIEF FINANCIAL OFFICER (CFO) Mr. Devendra Khemka
COMPANY SECRETARY Ms. Punam Singh
BANKERS HDFC Bank Limited Kotak Mahindra Bank
AUDITORS M/s. B. Chhawchharia & Co. Chartered Accountants 8A & 8B, Satyam Towers 3, Alipore Road Kolkata
REGISTERED OFFICE Hongkong House 31, B. B. D. Bagh (s) Kolkata – 700 001
REGISTRAR & SHARE M/s. Zuari Investments Limited TRANSFER AGENT Jai KisanBhawan
Zuarinagar, Goa-403 726
CIN L36993WB1995PLC069510
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The Reserve Bank of India constantly issues new regulations and / or modifies existing regulationsendeavoring to balance the multiple objectives of financial stability, consumer and depositorprotection and regulatory arbitrage concerns. Newer regulatory updates pose a constant challengefor smooth operations of the Companies.
Although, many micro lenders are converting themselves to Private Sector Banks, which are alsoworking on the similar business model as the NBFCs do, thereby giving a very strong competitionsto the NBFC's, your Company is focused on its traditional operations. Your Company is stronglymanaged and we are hopeful of sustaining in the long-run.
Segment-Wise Performance
Your Company primarily operates in two activities Le. Financial Activity, comprising of investmentsin shares and securities and providing financial assistance, and Rental Activity. The performance ofboth the segments for the financial year under review is summarised below:
PARTICULARS AMOUNT (RS. IN LAKHS)Gross Revenue Generated
i. Investment Activity 245.00
ii. Rental Activity 56.78
Result (Profit before Tax)i. Investment Activity 244.33
ii. Rental Activity 45.51
Capital Employedi. Investment Activity 3630.33
ii. Rental Activity -22.37
Risk and Concern
The Company recognizes that Risk Management is an integral part of sound management practiceand good corporate governance, as it improves decision making and enhances outcomes andaccountability. The Management has thus, always been proactive in handling foreseeable risks.Moreover, the experience and knowledge of the industry has also helped your Company to handleunpredicted risks and challenges, faced due to changing economic situations and regulations. Inview of the inherent risk involved in the Investment business, it is the Management's intention tominimize the risk factor by constantly reviewing market trend and economic conditions.
Outlook
The NBFC segment is a catalyst to the economic development of the country. The RBI is constantlystriving to bring positive changes in the NBFC regulatory space to proactively provide regulatorysupport to the segment and also to ensure financial stability in the long run. We hope that the
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