DIRECTORS
Your Company is engaged in the business of manufacture of Spirally Bound HDPE/PP Pipes,Vessels, Tanks, etc. The manufacturing facilities of the Company are at Daman, U.T. andthe Spirally Bound profile wall pipes technology is patented and licensed by BAUKU ofGermany. These Pipes ranging from 300 MM to 3000 MM diameter and are used in watersewerage & effluent disposal schemes., ocean out-fuel, etc. Your Company can alsomanufacture HDPE/PP Tanks of sizes ranging from 5000 liters to 70000 liters with varyingwall thickness depending on load distribution and application. The main objects of your Company to cany on the business of manufactures , dealers,importers, exporters, buyers & seller of all kinds plastic, PVC, polypropylene,polystyrene, polyethylene and polymers. As stated elsewhere, the immediate object of theCompany is to set up facilities for the manufacture of large diameter non-pressure HDPE/PPtanks and vessels. The Company's main business is manufacturing and marketing of "PolymerProcessing" and all other activities of the company revolve around this mainbusiness. As such there are no separate reportable segments within the Company as definedby AS 17 (Segment Reporting) issued by ICAI. The Company maintains adequate internal control systems, which provide, among otherthings, reasonable assurance of recording the transaction of its operations in allmaterial respects and of providing protection against significant misuse or loss ofCompany's assets. The above statements on Management's Discussion and Analysis describing the Company'sobjectives, projections, estimates, expectations or predictions may be forward lookingstatements within the meaning of applicable security laws or regulations. These statementsare based on certain assumptions and expectation of future events. Actual results couldhowever differ materially from those expressed or implied. Important factors that couldmake a difference to the Company's operations include global and domestic demand-supplyconditions, finished goods prices, raw material costs & availability, change inGovernment regulations and tax structure, economic developments within India and thecountries with which the Company has business contacts and other factors such aslitigation and Industrial relations. Your Company assumes no responsibility in respect offorward looking statements which may be amended or modified in future on the basis ofsubsequent developments, information or events.
|
|
|