Dear Members and Stakeholders,
It gives me great pleasure to extend a very warm welcome to each and everyone of you to
the 34th Annual General Meeting of your company. It is my privilege to present to you the
34th Annual report of your company. It gives me great pleasure to share that year FY
2018-19 has been remarkable year for our company. The company portfolio comprises business
loans, loans against property and fullls working capital requirement among others of its
individual, partnership rms, entrepreneurs, body corporate/business clients and other
legal entities. During the Previous Year 2017-18, the loans were given for purchase of
E-Rickshaw, Personal Loans, Business Loan, SME Loan, Two-Wheeler Loan, Loan against
Property. During the Financial Year 2018-19, E-rickshaw financing has become a major
contributor to the revenue of the Company. Our performance during the year was quite
encouraging. Some of the major milestones achieved are:
Revenue from our lending operations increased from 383.76 lakhs in FY 2017-18 to 427.85
lakhs in FY 2018-19
PBT increased by 58.82 lakhs from 175.37 lakhs in FY 2017-18 to 234.19 lakhs in FY
2018-19
The government has done lot of structural reforms during last two years which had lot
of impact on the way businesses were done especially in the SME Sector. Demonestisation,
GST implementation and formalisation of the economy has far reaching impact on our
economy. This has created both unforeseen challenges and opportunities for the NBFCs. NBFC
s are gaining market share both in retail and corporate lending. FY 2018-19 was good year
for NBFCs. The stress on the banking sector due to higher NPAs continues to hinder lending
at the PSUs Banks. This has created new opportunities for the NBFCs to grow. On the ip
side NBFCs faced challenges in terms of borrowing from banks, with increased caution in
the sector and their limited ability to fund additional loans. Overall business scenario
remained encouraging for the industry.
The banking sector is facing serious problems of bad assets and high NPAs. We are
acutely aware of the risks in the system and we are building our lending book with a
focused approach of reducing our risks and serving our customers by reducing our
turnaround times. We look for early warning signals that help us initiate appropriate
actions. As a company, Capital Trade Links Limited shall continue its endeavour to keep
its credit costs low by choosing customers selectively, close monitoring of customers
financials and high standards in underwriting.
We are continuously adding talent to our company. Human resource is the most critical
part of any organization and especially for a small company like ours. It is important to
have a motivated team, whose goals are aligned towards the long term success of the
company. We have taken a lot of HR initiatives to provide encouraging environment for
individuals to learn and grow. A formal HR department has been built and we are working
towards achieving these goals by implementing a human resources management solution.
I would like to thank our employees for their relentless efforts in growth of the
company. I also express my gratitude towards our shareholders and lenders who have shown
faith in Capital Trade Links Limited and supported us in this journey.
Sincerely
Sd/-
Vinay Kumar Chawla
(Whole Time Director)