SAFIRE GLOBAL MEDICARE LIMITED
ANNUAL REPORT 2007-2008
MANAGEMENT DISCUSSION AND ANALYSIS
Pursuant to Clause 49 of the Listing Agreement, a Management Analysis
Report is given below:
A. INDUSTRY BACKGROUND:
The medical equipments are mostly imported from various countries. During
the last one decade many companies have setup their manufacturing bases in
India, either with indigenous technology or by Technology transfer.
B. INDUSTRY OUTLOOK:
The growth of medicare services both in private and Government setups is
increasing tremendously. The utilization of services shall also increase
gradually with the privatization of insurance and higher awareness and
availability of medical services. This increase purchase of medical
equipment in the country.
C. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate internal control systems that define roles and
responsibilities of people across various levels of the organization. These
systems facilitate effective checks and controls as well as tight
monitoring on a continuous basis.
D. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS:
The Company is able to retain the experienced staff. The Company feels
confident of keeping its manpower costs to below industry norms, with the
emphasis on becoming customer-centric, the staff are regularly exposed to
training & Orientation programmes not a only in their respective fields but
also in public relations.
The relations between the management and the staff were very cordial
throughout the year under review. Your Directors take this opportunity to
record their appreciation for the co-operation and loyal services rendered
by the employees.
The company has not accepted any deposits during the year.