Management Disscussion And Analysis
INDUSTRY STRUCTURE AND DEVELOPMENTS
The Company is engaged in manufacturing operation on job charges basis. The Company isalso doing share trading business.
OUTLOOK, OPPORTUNITIES AND THREATS
Since the Company is engaged in manufacturing operation on job charges basis, there isreasonable certainty of earning profit after providing all costs.
RISK AND CONCERN
The Company does not envisage any risk in its present business and is hopeful ofcontinuing its manufacturing operation on job charges basis. The Board of Directors areconstantly reviewing the operations of the Company and exploring possibilities of resumingmanufacturing operations in its own account.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has not conducted internal audit for the year under report.
Discussion on financial performance with reference to operational performance has beendealt with in the Directors' Report which should be treated as forming part of thisManagement Discussion and Analysis.
Material development in human resources/ industrial relations front has been dealt within the Directors' Report, under the head 'Operations' and 'Industrial Relations', whichshould be treated as forming part of this Management and Discussion Analysis. As at 31stMarch, 2010, the employee strength (on permanent rolls) of the Company was Nil.
Statement in this Management Discussion and analysis describing the Company'sobjectives, projections, estimates, expectations or predictions may be forward-lookingstatements' within the meaning of applicable securities laws and regulations. Actualresults could differ materially from those expressed or implied. The Company undertakes noobligation to publicly update or revise any forward looking statements, whether as aresult of new information, future events or otherwise. Readers are cautioned not to placeundue reliance on these forward-looking statements that speak only as of their dates.
|Registered Office: ||By Order of the Board of Directors |
|C-23/2,M.I.D.C.. || |
|Taloja-410208 || |
|Dist. Raigad, ||Kamal Kumar Chaudhary |
|Maharashtra ||Chairman |
|Date: 23/08/2010 || |