citric india ltd Management discussions


CITRIC INDIA LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS INDUSTRY STRUCTURE AND DEVELOPMENTS During the year under report the Company has not carried out any manufacturing activity. The manufacturing activity has become unviable due to diverse factors such as high cost of production and technological obsolescence. The Management of the Company has been exploring possibility to diversify its activity but there has been no significant progress. OUTLOOK, OPPORTUNITIES AND THREATS The Company has not been carrying any manufacturing activity for last few years. At present the Company is having its Income from sale of Agricultural Products and dividend on its investment in Shares. The Company is exploring possibility of entering into new field of business activities. RISK AND CONCERN Since the Company is not carrying any manufacturing activity, ho risk is perceived. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY The Company has adequate internal checks and controls. FINANCIAL PERFORMANCE The Company is presently engaged in investment and trading in shares and securities and sale of agriculture products produced at village Panchak, Nasik Road. The Company has however earned a Loss of Rs. 10,274/- during the year under Report due to administrative and other expenses incurred by the Company as against the Loss of Rs. 23,592/- in the year ended 31st March 2009. CAUTIONARY STATEMENT Statements in this Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations or predictions may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward looking statements that speak only as of their dates.