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J. F. LABORATORIES LIMITED
ANNUAL REPORT 2010-2011
MANAGEMENT DISCUSSION AND ANALYSIS
I. INDUSTRY OUTLOOK:
The economic scenario in India has been very buoyant though there is
substantial amount of definitive business and infrastructural risks in
setting up a green field project in India and more so in a high technology
field. For reasons already noted, the Company's pioneering initiative could
not be capitalized to its advantage due to its entry at very nascent stage
of the industry. The growth of this sector for research, product
development and processing tie-ups and ventures for the time being is more
on reorganization of existing: enterprises or facilities with established
players in the field.
II. FINANCIAL PERFORMANCE-TERM LOANS/DEBENTURES:
The Financial Institutions and Banks have already recovered their dues and
charges against financial security of the Project assets and properties
inasmuch as the same have already been auctioned and sold off during the
earlier year by the Hon'ble Debts Recovery Tribunal, Mumbai.
III. OUTLOOK ON OPPORTUNITIES, THREATS, RISKS AND CONCERNS:
Given the above circumstances on the present status of the Company's
affairs and the financial position of the Company, there is no outlook on
opportunities, threats, risks and concern.
IV. INTERNAL CONTROL SYSTEMS AND ADEQUACY:
Given the present size and nature of its operations, the Company has
effected various austerity measures and cost controls for its constricted
activities and there exists reasonable and adequate internal control system
within the Company.
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J.F. LABORATORIES LIMITED
ANNUAL REPORT 2009-2010
MANAGEMENT DISCUSSION AND ANALYSIS
I. INDUSTRY OUTLOOK:
The Indian bio-process industry has matured with global acceptance of our
knowledge, entrepreneurial, skilled human resource base in the field. For
reasons already noted, the Company's pioneering initiative could not be
capitalized to its advantage due to its entry at very nascent stage of the
industry. The growth of this sector for research, product development and
processing tie-ups and ventures, is now visible with various players in the
field.
II. FINANCIAL PERFORMANCE - TERM LOANS / DEBENTURES:
The Financial Institutions and Banks have already recovered their dues and
charges against financial security of the Project assets and the same
having been auctioned by the Hon'ble Mumbai Debts Recovery Tribunal as
mentioned in Para 1 above.
III. OUTLOOK ON OPPORTUNITIES, THREATS, RISKS AND CONCERNS:
Given the present status of the Company's affairs and the financial
position of the Company, there is no outlook on opportunities, threats,
risks and concern as there is no project of the company.
IV. INTERNAL CONTROL SYSTEMS AND ADEQUACY:
In the above circumstances, the Company has effected various austerity
measures and cost controls and given the present size and nature of its
operations, the internal control systems are adequate.
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