Samriddhi Finance Company Limited (SFCL) Right Share has opened now. Shareholders of Samriddhi Finance can apply 2:1 ratio or 27,29,705 units right share from 8th Falgun, 2078. If you have 10 units of Samriddhi Finance, you can apply 5 units with Rs. 100 per unit. This Right Share will open till 29th Falgun, 2078.
Samriddhi Finance Company Limited submitted its proposal to the regulator on Shrawan 15. SEBON has approved it on Mangsir 29. BOK Capital is the issue manager, according to company, Poush 11 was the book close date for Samriddhi Finance Company Limited (SFCL) Right Share. So, if you are a shareholder till Poush 11, 2078, then you are eligible to apply for these rights shares.
After the issuance of its right share, the total paid-up capital of the company will be Rs 81.90 crore.
Samriddhi Finance Right Share
Samriddhi Finance Right Share is opened for its shareholder. It is profitable and you can buy it with Rs.100 per unit. SFCL right Share is only for those investors who has already its share. You can find here SFCL right Share news.
Samriddhi Finance Company Limited (SFCL) was established as the 49th financial institution of the country in 2057 BS. With its central Head Office in Hetauda, Makawanpur and the company was promoted by reputed businessmen, industrialists and professionals with high experience and qualifications in their respective fields. The company is committed to safety of the customer’s deposits, confidentiality, professionalism, transparency, good governance and sound business growth.
The company believes in continuous creativity & innovation in its business services and work hard to set its goal in the new standards in banking and is heading towards taking the form of bank in near future.
Vision
Lead in customer satisfaction & trust with a high value and dignity.
Mission
To deliver products with a touch of constant innovation and find new dimension in customer service.
Objectives
To ensure the creation of optimum values for all the stakeholders. To be a Bank of 1st Choice for all the stakeholders.
| Condensed Statement of Financial Position 2nd Quarter End of Fiscal Year 2078/079 | ||
| Fig in ‘000 | Fig in ‘000 | |
| Particulars | This Quarter Ending | Corresponding qtr in prev. year (Poush 30, 2077) |
| (Poush 30, 2078) | ||
| Assets | ||
| Cash and cash equivalent | 52,117 | 154,479 |
| Due from Nepal Rastra Bank | 77,229 | 16,665 |
| Placement with Bank and Financial | 333,714 | – |
| Institutions | ||
| Derivative financial instruments | – | – |
| Other trading assets | – | – |
| Loan and advances to B/FIs | – | – |
| Loans and advances to customers | 1,414,629 | 603 |
| Investment securities | 244,036 | 995 |
| Current tax assets | 4,858 | 2,132 |
| Investment in susidiaries | – | – |
| Investment in associates | – | – |
| Investment property | 27,521 | 58,796 |
| Property and equipment | 38,378 | 17,639 |
| Goodwill and Intangible assets | 3,678 | – |
| Deferred tax assets | 21,346 | 3,607 |
| Other assets | 14,522 | 7,377 |
| Total Assets | 2,232,028 | 262,293 |
| Liabilities | ||
| Due to Bank and Financial Instituions | – | – |
| Due to Nepal Rastra Bank | 157,500 | – |
| Derivative financial instruments | – | – |
| Deposits from customers | 1,651,519 | 118,336 |
| Borrowing | – | – |
| Current Tax Liabilities | – | – |
| Provisions | – | – |
| Deferred tax liabilities | – | – |
| Other liabilities | 25,029 | 53,641 |
| Debt securities issued | – | – |
| Subordinated Liabilities | – | – |
| Total Liabilities | 1,834,048 | 171,977 |
| Equity | ||
| Share capital | 545,941 | 181,980 |
| Share premium | 11,251 | 1,360 |
| Retained earnings | -286,979 | -322,835 |
| Reserves | 127,766 | 229,810 |
| Total equity attributable to equity holders | 397,979 | 90,315 |
| Non-controlling interest | – | – |
| Condensed Statement of Profit or Loss 2nd Quarter End of Fiscal Year 2078/079 | ||||
| This year (Poush 30, 2078) | Previous Year Corresponding (Poush 30, 2077) | |||
| Particulars | This quarter | Upto this Quarter (YTD) | This Quarter | Upto this Quarter (YTD) |
| Interest income | 48,872 | 81,791 | 5,211 | 7,214 |
| Interest expense | 29,528 | 51,903 | 4,158 | 8,897 |
| Net interest income | 19,344 | 29,888 | 1,053 | -1,683 |
| Fee and commission income | 1,355 | 6,462 | 1,444 | 1,992 |
| Fee and commission expense | – | – | – | – |
| Net fee and commission income | 1,355 | 6,462 | 1,444 | 1,992 |
| Net interest, fee and commission income | 20,699 | 36,349 | 2,496 | 309 |
| Net trading income | – | – | – | – |
| Other operating income | 15 | 220 | 193 | 327 |
| Total operating income | 20,714 | 36,569 | 2,689 | 636 |
| Impairment charge/(reversal) for loans and other losses | 2,490 | 4,694 | -16,013 | -33,409 |
| Net operating income | 18,224 | 31,876 | 18,703 | 34,044 |
| Operating expense | ||||
| Personnel expenses | 12,542 | 23,161 | 6,842 | 15,329 |
| Other operating expenses | 8,277 | 15,767 | 5,064 | 9,072 |
| Depreciation & Amortisation | 1,298 | 2,565 | 769 | 1,514 |
| Operating Profit | -3,892 | -9,617 | 6,027 | 8,128 |
| Non operating income | 7,496 | 16,082 | 7,569 | 8,575 |
| Non operating expense | 234 | 443 | – | – |
| Profit before income tax | 3,370 | 6,022 | 13,597 | 16,703 |
| Income tax expense | ||||
| Current Tax | – | – | – | – |
| Deferred Tax | – | – | – | – |
| Profit for the period | 3,370 | 6,022 | 13,597 | 16,703 |
| Condensed Statement of comprehensive income | ||||
| Profit for the year | 3,370 | 6,022 | 13,597 | 16,703 |
| Other comprehensive income | -5,609 | -15,031 | – | – |
| Fair value gain/(loss) on investment securities valued at FVOCI | -5,609 | -15,031 | – | – |
| Total comprehensive income for the period | -2,239 | -9,008 | 13,597 | 16,703 |
| Basic earnings per share | 1.1 | 7.47 | 7.47 | |
| Annualized basic earnings per share | 2.21 | 13.47 | 8.27 | |
| Annualized diluted earnings per share | 2.21 | 13.47 | 8.27 | |
| Profit attributable to: | ||||
| Equity-Holders of the Bank | -2,239 | -9,008 | 13,597 | 16,703 |
| Non-Controlling Interest | – | – | – | – |
| Total | -2,239 | -9,008 | 13,597 | 16,703 |
| Ratios as per NRB Directive | ||||
| Particulars | Current Year | Previous Year Corresponding | ||
| This | Upto This | This | Upto This | |
| Quarter Ending | Quarter (YTD) | Quarter Ending | Quarter (YTD) | |
| Capital Fund to RWA | – | 23.14 | – | 36.17 |
| Non-Performing Loan(NPL) to Total Loan | – | 3.07 | – | 31.93 |
| Total Loan Loss Provision to Total NPL | – | 162.81 | – | 102.13 |
| Cost of Funds | – | 7.7 | – | 7.08 |
| Credit to Deposit Ratio | – | 87.85 | – | 65.72 |
| Base Rate | – | 13.01 | – | 27.97 |
| Interest Spread Rate | – | 4.14 | – | 7.81 |
| Statement of Distributable Profit or Loss | |
| Particulars | Current Year |
| Net profit or (loss)as per statement of profit or loss | 6,022 |
| Appropriations: | |
| a. General reserve | 1,204 |
| b. Foreign exchange fluctuation fund | – |
| c. Capital redemption reserve | – |
| d. Corporate social responsibility fund | 60 |
| e. Employee’ training fund | – |
| Profit or (loss) before regulatory adjustment | 4,758 |
| Regulatory adjustment: | |
| Regulatory adjustment as per NRB Directive | 4,194 |
| Distributable profit or (loss) | 564 |
