INDUSTRY STRUCTURE AND DEVELOPMENTS
The Company had been engaged in the manufacture of hill grass brooms, which arehousehold consumable. Now after selling the manufacturing unit, the Company is presentlyengaged in financial services as well as carrying on providing non-fund based services onbrokerage and commission basis. The presently line of activities in the service sector hasvast opportunities which will be available to the Company.
OPPORTUNITIES AND THREATS
Basically the grass business is dependent on various factors like the daily fluctuationof the prices, dealing with the illiterate class of the cultivators, competition from theunorganized, weather conditions. Government Policies etc., which are unpredictable anduncertain. In the light of above, your Company is focusing more on the activities, whichdoes not require funds like the business on brokerage and commission basis. Viability ofundertaking diversified business activities with better prospects are examined on regularbasis.
Your Company is evaluating new business proposals related to diversified servicesegments with sound future outlook and immense potentials.
INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY
The internal control systems as well as procedures adequately commensurate with themagnitude of its current business. The operating and business control procedures have beenframed in order that they ensure efficient use of resources and comply with the proceduresand regulatory requirements. The internal control system is being further strengthened byconstantly updating the guidelines, approval and authorisation procedures.
The Company had enjoyed cordial professional relations with employees at all levels.The present service activities require very low number of employees.