you are here:

Gemstone Investments Ltd.

BSE: 531137 | NSE: | Series: NA | ISIN: INE503D01027 | SECTOR: Finance - Investments

BSE Live

Oct 18, 15:40
1.41 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
137,410
10-Day
172,563
30-Day
133,232
142,369
  • Prev. Close

    1.41

  • Open Price

    1.42

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1.41 (3832)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Gemstone Investments is not listed on NSE

Annual Report

For Year :
2015

Chairman's Speech

Dear Shareholders, It gives me immense pleasure and honor in writing to you, This year, the company reported revenue from operations of 23,223,874/- in comparison to 10,892,635/- during the last financial year. The company''s efforts have led to more than twice growth in revenue, which on any touchstone is a tremendous achievement. Our operational sector (NBFC) has rapidly emerged as an important segment of the Indian financial system. Moreover, We as, NBFCS assume small position in the significance business segment, as we primarily cater to the credit requirements of the unorganized sector such as wholesale & retail traders, small-scale industries and small borrowers at the local level by way of equity investments. The NBFC as a segment is a heterogeneous group of financial institutions, performing a wide range of activities like hire-purchase finance, vehicle financing, equipment lease finance, personal loans, working capital loans, consumer loans, housing loans, loans against shares and investment, etc. And our company is an NBFC operating as an Investment Company, which prohibits accepting deposits from public. Our company strongly believes in building a strong financial community by catering to the financial needs of people who do not have access to organized financial services like banks etc. We follow a simple ''credit with confidence'' policy with sole aim to supplement the financial needs of masses. We as a company are in direct competition with other NBFC in investment sector. And due to implementation of innovative marketing strategies, customer-oriented services, and simplified procedures, we have a cutting edge and resultantly our efforts are clearly reflected in our current year profits. While we have witnessed substantial growth over the years, there are few areas of concern which need to be addressed. For instance, we as NBFC cater only one segment of investment and other areas of operation are still under development phase. The banks operating in the retail finance segment which offer: used vehicles financing, small personal loans, three-wheeler financing, IPOs financing, finance for tires & fuel, asset management, mutual fund distribution, insurance advisory, etc. and with their existing established network we have lot of catching up to do. To compete with them, we are aspiring and targeting to emerge as a one-stop shop for all financial services. Further, in order to monitor the financial health and prudential functioning of NBFCs, the RBI issued directions regarding acceptance of deposits, prudential norms like capital adequacy, income recognition, asset classification, provisioning for bad and doubtful assets, exposure norms and other measures. For Instance, NBFCs registered prior to April, 1999 to raise their Net Owned Funds (NOF) to Rs. 2 Crore by March, 2017 and revision in threshold limit for defined NBFCs to an asset size of Rs.500 Crore from Rs.100 Crore. Multiple NBFCs that are part of a corporate group or floated by common set of promoters will not be viewed on standalone basis. Provision on standard assets increased from 0.25% to 0.40%. This will result in strengthening the balance sheet of NBFCs by increasing the loss absorption capacity in long run but, it will have higher impact on profitability in short run. We are glad to inform that we have complied with all the regulations. With revenue raised by 12,331,239 and notable growth in profit, this achievement is commensurate by simultaneous expenses. The major constituent of expenses during the reporting period was employee benefit expenses accompanied by other expenses. Other expenses majorly included provisioning for standard assets, miscellaneous expenses, brokerage & balances written off .Our performance is reflected in EPS which is thrice the previous year EPS and stands at a figure of Rs.06/- though trivial still remarkable. Thank you for your continued support Yours sincerely For Gemstone Investments Limited sd/- Mahendra Dave Chairman & Director