THE NARANG INDUSTRIES LIMITED
ANNUAL REPORT 2004-2005
MANAGEMENT DISCUSSION AND ANALYSIS
Industry Structure and Developments:
At present, the Company is not doing any business. It is still exploring
the possibilities of re-activating its non-molasses based alcohol
manufacturing unit at Aurangabad.
Opportunities and Threats:
The company had received unsolicited requests from property developers to
commercially develop it, property at Aurangabad. The Company does not
envisage any threats if the property at Aurangabd is commercially
Risks and Concerns:
During the year under review, the Company was dealing in trading of shares.
An investment in shares involves a high degree of risk, as the revenues and
profitability of the Company are dependent on a number of factors.
The overall performance of the Company during the financial year 2004-05
has not been satisfactory.
The Company has plans either to re-activate its non-molasses based alcohol
manufacturing unit at Aurangabad or to commercially develop its property at
The Company has no business segment and as stated above, it is still
exploring the possibility of re-activating its non-molasses based alcohol
manufacturing project at Aurangabad.
Internal Control System:
The Company had adequate system of internal control and procedures to
ensure efficient conduct of business and security of its assets.
Though the Company was not doing any business, its continued cost control
efforts have been able to bring down the fixed financial costs to some
extent during the year.
As on 31st March, 2005 your Company had only five employees on its muster