MANAGEMENT DISCUSSION AND ANALYSISA. INDUSTRY STRUCTURE & DEVELOPMENT
Over Capacity is the main issue which continues to plague the printing industry and asa result printing rates remain low. Competition and idle capacity has deterred growth andmodernization.
As a company, our thrust has been especially suited to the small & mediumcompanies.
B. OPPORTUNITIES & THREATS
The perceived threat is today from well established large organized companies who cancompete with other companies at low prices.
High local taxation and overhead costs has forced the printing industry out of themetros. The packaging industries is now concentrated in Daman, Silvassa ,Vasai and NaviMumbai. Costs are lower here and there is no octroi duty.
C. INTERNAL CONTROL SYSTEMS AND THEIR ADQUACY:
There is adequate internal control system in the company through internal Audit andregular operations review.
Maintenance of records showing full particulars of fixed assets and physicalverification of such assets from time to time designed to cover all items.
Periodical physical verification of stocks during the year and adjustment ofdiscrepancies between the physical verification and the books appropriately.
Generation of various reports to monitor various statutory and other compliance.
D. FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
During the year the sales turnover was Rs. 4,34,65,431 as against Rs. 2,60,10,466 forthe previous year . The Turnover and profitability shows a comparative improvement overprevious year .
E. DEVELOPMENT IN HUMAN RESOURCES/ INDUSTRIAL RELATIONS FRONT
The human capital of the company has been motivated and committed to bring goodoperating performance .
F. CAUTION STATEMENT
Certain statements made in the Management Analysis and Report relating to Company'sobjectives, projections, outlook, expectations, estimates etc, may constitute forwardlooking statement within the meaning of applicable laws and regulations. Actual resultsmay differ from such expectation, projections etc., whether express or implied. Severalfactors could make a significant difference to the company's operations. These includeclimatic conditions, economic conditions affecting demand and supply, Governmentregulations and taxation, natural calamity etc., over which the company does not have anydirect control.