INDUSTRY STRUCTURE AND DEVELOPMENTS:
Cindrella Financial Services Limited is a listed entity and conducts business as a NBFC deriving its revenues mainly
from interest earned on long term loans, rental income and fess for consultancy services rendered to various entities.
At present the Company does not have any public deposits, secured debts instruments or other similar schemes.
OPPORTUNITIES AND THREATS:
The rising stock market indexes and the prevailing upward trend in share market prices had provided an opportunity
to improve the performance of your company. Favourable stock market conditions allowed the Company to liquidate
a part of its investments resulting in fund creation. However, the Company remains exposed to risks from stock
market fluctuations and its resultant negative impacts.
OUTLOOK:
During the year under review the effort was on creating opportunities to increase business volumes and
concentration was mainly on core non- banking financial activities. The Company has focused on improving its fund
management.
RISKS AND CONCERNS:
The company’s objectives, projections, estimates and expectations as stated herein are in the nature of ‘forward
looking statements’ within the meaning applicable under the securities laws and regulations. The same are based on
certain assumptions and expectations of future events over which the company exercises no control. The company
cannot guarantee their accuracy nor can it warrant that the same will be realized by the company. Actual results
could differ materially from those expressed or implied. Significant factors that could make a difference to the
company’s operations include domestic and international economic conditions affecting the banking industry,
adverse fluctuations in interest rates, government regulations, tax regimes and other statutes.
SEGMENT-WISE PERFORMANCE:
This is not applicable in the area of operations of your company.
INTERNAL CONTROL SYSTEMS AND ADEQUACY :
The Company has proper internal controls systems and its adequacy has been reported by its auditors in their
report.
The company’s internal control systems are commensurate with the nature of its business and the operations.
Systems have been put in place to ensure that all the assets of the Company are safeguarded and protected against
any loss and that all the transactions are properly authorized, recorded and reported. The Board duly considers and
takes appropriate action on the recommendations made by the statutory auditors and the independent Audit
Committee of the Board of Directors.
FINANCIAL PERFORMANCE REVIEW
Revenue:
Standalone:
The Company’s total revenue from operations is higher at Rs. 23.38 lacs for the year ended March 31, 2022 as
compared to Rs 11.69 lacs in the previous year. Your company has reported a net profit after tax of Rs. 11.88 lacs.
Consolidated:
After adding the current year’s profit of the associate company Cindrella Hotels Ltd. amounting to Rs. 11.43 lacs, the
total net profit in the books of your company stands at Rs. 23.31 lacs.
Expenditure:
The Company’s total expenditure has decreased to Rs. 9.04 lacs for the year ended March 31, 2022 as against Rs.
8.13 lacs of the previous year ended March 31, 2021.
Profit after tax:
Profit after tax is higher at Rs. 11.88 lacs for the year ended March 31, 2022 as compared to Rs. 2.88 in the previous
year.
EPS
The earnings per share for the year ended March 31, 2022 was Rs. 0.36 as compared to Rs. 0.09 per equity share
of Re.10 /- each in the previous year.
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