notes - Mauritius Housing MHC

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PROSPECTS The core objective of MHC is to cater for the housing needs of Mauritians. However, the progress of the Company is closely linked to the economic performance of Mauritius and to the company’s progressive strides in offering quality services/products as well as new ones. Mortgage finance is a small market though with a large number of competitors. Overall, MHC’s two-fold strategy in the short term will involve consolidating its market share in its core activities and broadening its product/service base. Though 2003 will be a difficult year with rampant competition, MHC through products and services differentiation is confident to create more wealth for its shareholders. APPRECIATION On behalf of the Board of Directors, I would like to express my appreciation and thanks to the members of Staff and Management for their significant contribution to the company’s success. Without their dedication and hardwork, the results achieved during the past year would not have been possible. Board Members have equally been very supportive in all decisions taken during the year and I wish to thank them for their guidance, advices and fruitful contribution at Board Meetings. ANNUAL REPORT 2001 - 2002 Dr M.A KODABACCUS Chairman 14
MANAGING DIRECTOR’S REPORT 15
Page 1 and 2: Annual Report 2001 - 2002
Page 3 and 4: CONTENTS 1. Our Vision 4 2. Our Mis
Page 5 and 6: Mission Our Mission To help as many
Page 7 and 8: REGISTERED OFFICE MHC Building, Rev
Page 9 and 10: SENIOR Management Mr. L. D UNMOLE M
Page 11 and 12: The Directors are pleased to presen
Page 13: CORPORATE Governance MHC is committ
Page 17 and 18: However, MHC’s dedication to plac
Page 19 and 20: Reserves have in consequence increa
Page 21 and 22: 3.5.1 Loans Approved During the yea
Page 23 and 24: 3.5.5 TOTAL LOANS APPROVED - (MAURI
Page 25 and 26: 3.8 NEW SCHEMES/ SERVICES With the
Page 27 and 28: The strength of the company is depi
Page 29 and 30: REPORT FROM THE SECRETARY TO THE ME
Page 31 and 32: Auditors’ report to the members o
Page 33 and 34: BALANCE SHEET - 30 JUNE 2002 Notes
Page 35 and 36: STATEMENT OF CHANGES IN EQUITY FOR
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39 and 40: NOTES financial to the STATEMENTS (
Page 41 and 42: NOTES financial to the STATEMENTS 4
Page 45 and 46: NOTES financial to the STATEMENTS 1
Page 51 and 52: NOTES FOR THE YEAR ENDED 30 JUNE 20
Page 53 and 54: NOTES FOR THE YEAR ENDED 30 JUNE 20

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