Annual Report
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Synopsis Of Annual Report 2019

The company has today reached its healthy position in the industry after undergoing many business cycles under challenging economic circumstances. The company has also capitalized every single growth opportunity with its enviable strengths namely,

Sound and innovative capital structure.
Superior service to its loyal customers.
Novel and valuable integrated business model.
Lesser delinquency ratio due to very effective collection mechanism.
Good provisioning for impairment.
Timely Product diversification.
Consistent earnings.
Highly automated IT real time system and processes.

We remain focused on maintaining quality assets with the objective of consistent returns for all our stakeholders. Our priorities for the coming year are:

Cautious lending policies in all existing product lines.
Products structuring & better packaging to suit the market demand.
To manage the liquidity and costs judiciously to ensure sustainable earnings and profitability.
Continue our leadership excellence and continue training and retaining the highly skilled and diverse work force.
Offer superior delivery mechanism and personalised customer service to build customer loyalty and superior brand positioning.

From inception till date the company has been delivering on its commitment of increasing shareholders’ wealth. It’s a relentless pursuit of excellence and  a commitment to continual improvement. Our endeavor is to constantly seek out  new  processes, products and  efficiencies aimed at making things  better for our customers.  Our success is  attributable to  the  dedication of  our  employees and  our  continued focus  on  keeping commitments to  our stakeholders. The management continues to closely  monitor economic conditions and  indicators including interest rates, delinquency and  capital markets. Management  believes that  though weakening economy has  an  impact on  all businesses and  industries, the  company has  an  operational and  capital structure that  can  put  it into  the pedestal of growth as and  when the  opportunity arise. The  sound guidance and  encouragement from  our  Board of Directors  has  played a significant role  in maintaining the  asset quality  and  profitability.  Our aim  is to build  on our  heritage  of success and  to  make AOFS, an  admirable and  illustrious financial service  provider for today  and the  next  generation.


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