Continental Securities Limited (registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company), is presently engaged in business of Gold loan,Personal loans, inter corporate loans, Loans to SMEs and such fund based activities.
PRODUCTS AND SERVICES
GOLD LOAN
Our company is a trusted provider via years of dedicated service in the gold loan industry. We have become a household name synonymous with gold loan of our low interest rates, easy documentation, instant processing and various tailor made loan options that fit your requirements. We offer gold loan ranging from Rs. 10,000 to 15,00,000 to our costumers. we offer comprehensive gold loan schemes to cater all income groups. we believe inclusive business and there is always a plan just right for you.
Intercorporate Loans
Continental Securities Limited proposes to integrate its financial services activities by entering into expanding its operations in Inter Corporate Loans. Commercial bank to offer this facility, but this is found to be inadequate and the finance Companies can be an alternate source.
Personal loan/ Loans to SMEs
Our Company carry on business of financing and advancing short term and long term loans, credits, to individuals or associations of person by a whatever name called either on securities such as land, buildings or part thereof, machinery, plants, shares, debentures, government securities, stock certificates, life insurance policies, units, stock-in-trade or on guarantee on such terms as may seem expedient and to release or discharge any debt or obligation owing to the company.
OPPORTUNITIES & THREATS
The NBFC industry holds immense potential and the Government of India’s increased focus towards Financial Inclusion has created various opportunities for existing NBFCs to leverage on their established customer base in rural areas. The recent steps by the Government of India to create Infrastructure for NBFC and to provide banking license for NBFCs is a positive signal. The above opportunities have made the Industry highly competitive with the emergence of new category of systematically important NBFCs. Along with existing local and Multinational players leading to tough competition within the industry.
CHALLENGES & FUTURE OUTLOOK
While NBFCs have witnessed substantial growth over the years, there are few areas of concern which need to be addressed. For instance, while NBFCs have enjoyed an edge over banks in semi-urban & rural markets where banking network is not yet strong, they have limited spread in urban markets. Nonetheless, in recent years, NBFCs have begun to create niches for themselves that are often neglected by banks. These primarily include providing finance to non-salaried individuals, traders, transporters, stock brokers, etc.
HUMAN RESOURCES MANAGEMENT
The Company’s belief in trust, transparency and teamwork improved employee efficiency at all levels. The Company’s commitment to harmonious industrial relations resulted in enhancing effectiveness of operations and enabled the achievement of benchmarks in industry. The company’s ongoing objective is to create an inspirational work climate where talented employees engaged in creating sustained value for the stakeholders.
Training and orientation programs are being arranged periodically, to update the employees in the work techniques. The overall human resources are positive and we would be able to effectively achieve the desired objectives. The Company has developed an environment of harmonious and cordial relations with its employees.
INTERNAL CONTROL SYSTEMS
The Company has built adequate systems of internal controls towards achieving efficiency and effectiveness in operations, optimum utilization of resources, and effective monitoring thereof as well as compliance with all applicable laws The internal control mechanism comprises a well-defined organization structure, documented policy guidelines, predetermined authority levels and processes commensurate with the level of responsibility