The Company is looking for new business avenues in various areas like infrastructuredevelopment.
Risk and Concerns
The Company is exposed to risks from market fluctuation of interest rate and stockmarket fluctuation of the share price.
Internal Control Systems and their Adequacy
Your Company has appropriate internal control systems relating to its areas ofoperations. The internal control systems lay emphasis in financial reporting andcompliance with applicable rules and regulations.
Discussion on Financial Performance with respect to Operational Performance
The main source of income is derived from income from interest and commission income.
Material Developments in Human Resources
Since the Company is engaged in trading activity therefore minimum staff and workershave been retained in the Company to look after the day to day operations. The Companycares for its personnel and considers them as their assets.
Your Directors place on record their deep appreciation for the continued, support andco-operation extended to the Company by the Banks, various departments and agencies ofCentral and State Government and other agencies.
Your Directors thanks our esteemed shareholders for your continued support.
Your Directors place on record their appreciation of the dedication and commitment ofyour Company's employees and look forward to their support in the future as well.