MONEY MATTERS FINANCIAL SERVICES LIMITED
ANNUAL REPORT 2011-2012
It took us some time to give the required impetus to our business plan
during the FY 2011-12. We increased our business activities gradually and
continued to explore, evaluate and execute lending transactions one after
the other. Lending compared to syndication, not only calls for a different
mind set and approach but also requires distinct skill-set. I must say we
were fortunate that we had the required skill-set within as we had already
hired people keeping in view lending business since the time we planned for
our QIP, which was successfully completed in October 2010 and we could
address the requirement as it arose. During the year we disbursed loans
amounting to Rs. 58,922 lacs and as on March 31, 2012 our outstanding
disbursement stood at Rs. 37,031 lacs. We will take all steps necessary to
create a healthy portfolio which will enable us to leverage our
consolidated net worth which is in excess of Rs. 82,000 lacs as on March
FY 2011-12 has been a new year for us in many ways as we believe in the
saying "you can`t do today`s job with yesterday`s methods and be in
business tomorrow". We were finally ready to move ahead, in a new
direction. To capture and encapsulate this new approach and new thinking,
with your kind blessings, we have adopted a new look for your company - a
new `logo` that reflects about our new drive (conviction), new direction
(action) and new destination (result).
Our new logo is a symbolic representation of `PURNA KALASH`.
"PURNA KALASH" stands for a harmonious blend of Five Elements (Earth,
Water, Fire, Air & Sky) of Nature-(Panchmahabhuta), the very base/essence
of any life. At Money Matters, we believe in creating a harmonious blend
* `Our Knowledge Base` represented by the Base of Kalash (`Earth`)
indicating a solid platform for delivery of solutions;
* `Our Clients`, represented by the Center of the Kalash (Water),
indicating our wide spectrum of clients;
* `Our employees`, represented by the Neck of the Kalash (Fire), indicating
highest positive energy being channelized for our clients
* `Our Service Provides`, which enable our employees to leverage the
knowledge base and deliver unique solutions to our clients, represented by
the Opening of the Kalash (Air) indicating the opening for delivering
solutions; and finally
* `Our Stockholders`, represented by the outside expanse to the Kalash
(Sky), indicating the all encompassing drive being provided by the
stockholders for us to perform and deliver
We aspire to grow in harmony with our clients & stockholders leading to
abundance & success for one and all.
In line with new thinking and with view to broad base our Board, we have
inducted Mr. Bhagwati Prasad, former Chief Justice of Jharkhand High Court
and Mr. Mukesh Kacker, Ex-IAS officer of 1979 batch, who is well-known for
his initiatives/contribution to India`s Infrastructure space while with
Government. Both of them, in consultation with the other independent
directors, are providing their independent insights and directing the
management in a new direction towards new destinations.
As we venture ahead into 2012-13 with renewed vigour, I would like to take
this opportunity to specially thank all our people at Money Matters and
Stockholders, who have stood by us through and have put in their best to
ensure that Money Matters performs and delivers consistently.
I am confident that with our new thinking and our new approach, we will be
able to overcome challenges. We have started with NEW DRIVE, in NEW
DIRECTION which we are confident will take us to the NEW DESTINATIONS.
Looking forward to your continued support.
With best wishes,