MANAGEMENT DISCUSSION AND ANALYSIS REPORT
1. Industry Structure and Developments.
The demand for Flat Glass increased during the year under review, mainly due to massive
expansion registered by main consuming sector of glass i.e. Construction and Automotive
2. Opportunities and Threats.
At present the MNC's have come to India in a big way with larger capacities. Even
though the competition is fierce, the goodwill of the Company and the quality of its
products will help to overcome these.
The positive outlook in economic growth in the key sectors such as Construction,
Automobiles etc. can lead to a favourable turn in the fortunes of the Company.
4. Risks and Concerns.
The risks and concerns may be classified as external and internal.
Any economic slowdown may adversely affect the demand supply dynamics of glass industry
and potentially affect the profitability of all the glass companies in India.
5. Internal Control Systems and Adequacy
The Company has adequate internal control procedures commensurate with its size and
nature of the business. These business control procedures ensure efficient use and
protection of the resources and compliance with the policies, procedures and statutes. The
Company has appointed two Chartered Accountant firms to conduct internal audits throughout
the year except Neemrana unit.
6. Financial Performance
Your Company has achieved a turnover of Rs. 13549.35 Lakhs and Net Loss for the year of
Rs. 682.12 Lakhs.
7. Human Resources
The Company regards its human resources amongst its most valuable assets. There is a
continuous effort on the part of the Company to provide an excellent work environment that
encourages initiative, provides challenges and opportunities and recognizes the
performance and potential of its people.
8. Industrial Relations
Industrial relations continued to be cordial and harmonious in all the units of the
Company during the year under review.