MANAGEMENT DISCUSSION AND ANALYSIS REPORT
INDUSTRY STRUCTURE AND DEVELOPMENT
The Company is primarily engaged in Plastic Products & other Commodities likeChemicals which in India is growing rapidly catering to both domestic and InternationalMarkets.
During the current year the Market has not remained in favour of the Company. Bestpossible efforts are made to explore the Global Markets for Company's existing products.Efforts are also on to diversify range of products for global market. Your Directors arevery positive towards future growth.
OUTLOOK ON OPPORTUNITIES
The Company is confident that it is well positioned to capture the opportunities in thefield of Plastics & Chemical products and continue to grow the business in a prudentmanner. Continuous introduction of various value added products, expansion of market,evolution of organised retail market and consolidation of business will provide tremendousopportunity for plastic business.
OUTLOOK ON THREATS. RISKS AND CONCERNS
In the existing circumstances, the Company does not foresee any commercial or otherthreats, which could disrupt the operations of its business exceptional the usual ornormal ones affiliated to any business.
The world is undergoing Economic reforms and your Company has been in the process oftie up with other entities. Because of adverse situations, the Company has not been ableto perform during the year, as was expected. The Company is further planning to initiatethe business of Plastics, Chemicals, Petrochemicals and Bio Diesel are the areas wherecompany is keen to compete.
While taking into the account all the above it is expected that the growth inprofitability would be a challenge but concrete plans and strategies which are afoot,should see growth in turnover and profits in the years to come.
FINANCIAL & OPERATIONAL PERFORMANCE
The financial and operational performance of the Company as on 31st March,2012 in comparison to 31st March, 2011 is as given below:
(Rs. in Lacs)
|Particulars ||31.03.2012 ||31.03.2011 |
|Sales & Other Income ||40.53 ||1069.27 |
|Net Profit After Interest, Depreciation & Tax ||(28.07) ||(21.25) |
Your Company is Zero Debt Company and it does not have any liability for loans andinterest burden thereof.
INTERNAL CONTROL SYSTEMS AND ADEQUACY
The Company has a well established procedure for internal control systems. The Companyhas Internal Control and Audit System commensurate with its size and nature of itsbusiness. The weak areas are being reviewed for further strengthening.
The Company firmly believes that quality people are the prime movers of the business.In this pursuit Company attracts talents and retain the best talents in the industrythrough various HR processes and initiatives. The Company has also implemented a welldesigned performance management system to leverage the people performance in order toachieve organizational goals and move forward to build a culture of excellence.
The Management Discussion and Analysis made above are on the basis of available data aswell as certain assumptions as to the economic conditions, various factors affecting rawmaterial prices, selling prices, trend and consumer demand & preferences, governingand applicable laws and other economic and political factors. The Management cannotguarantee the accuracy of the assumptions and projected performance of the Company infuture. It is therefore, cautioned that the actual results may differ from those expressedand implied therein.