Industrial Structure and Development:
The Company has been established with the objective of investing in shares, properties, bonds and other securities and financing industrial enterprises in India looking the vast potential of industrial development in the country, them exists very good opportunity for good and productive Investment in the country. Apart from this, the Company is also engaged in the business of trading in fabrics and yarn. The vision of the company is to achieve a steady growth by adapting the changing environment.
Outlook:
The Company is confident in spite of the possible recessionary conditions in the industry it will perform better in view better of the strong fundamental of the Indian Companies and hope to improve its financial situation
Internal Control System and their adequacy:
The Company has adequate internal control system to ensure operational efficiency, protection and conservation of resources, accuracy and promptness in financial reporting and compliance of law and regulations. The Internal Control system is supported by Internal audit process; The Internal auditor reviews ensures that the audit observations are acted upon. The Audit Committee of the Board reviews the Internal Audit Reports and the adequacy and effectiveness of Internal Controls.
Human Resources:
The relationship with employees continues to be cordial. The company recognizes the importance and contribution of its employees for its growth and development and constantly endeavors to train nurture and groom its people. The company put emphasis on attracting and retaining the right talent. The Company places emphasis on training and development of employees at all levels and has introduced method and practices for Human Resources Development.
Cautionary Statement:
Statement in this Management Discussion Analysis describing the Companys objectives, projections, estimates and expectations may be forward looking statement within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied.
For and Behalf of the Board of | |
Directors | |
Sd/- | |
Vijay Kumar Jain | |
IGN=LEFT>Place: Kolkata | (Director) |
Date: 29/05/2023 |
CEO & CFO CERTIFICATION TO THE BOARD REPORT
To
The Board of Directors
M/s Consecutive Investments & Trading company Limited
We, Managing Director & CFO responsible for the finance function certify that:
a) We have received the financial statement & cash flow statement for the year 31st March, 2023 and to the best of our knowledge and belief. i) These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading.
ii) This statement together present true & fair view of the companys affairs and are in compliance with existing Accounting Standards, applicable laws & regulations.
b) To the best of our knowledge and belief, no transactions entered into the company during the year end 31st March, 2023 are fraudulent, illegal; or violate of the companys code of conduct.
c) We accept responsibility for establishing and maintaining internal controls for financial reporting and we have evaluated the effectiveness of internal control system pertaining to financial reporting. Deficiency in the design and operation of such internal controls, if any, of which we are aware have been disclosed to the auditors and the Audit Committee and steps have been taken to rectify this deficiency.
d) i) There has not been any significant change in internal control over financial reporting during the year under reference.
ii) There has not been any significant change in accounting policies during the year requiring disclosure in the notes of the financial statements; and
iii)We are not aware of any instance during the year significant fraud with involvement therein of the management or any employees having a significant role in the companys internal control system over financial reporting. Yours Sincerely
SD/- |
SD/- |
Vijay Vasisth |
Vijay Kumar Jain |
Chief Financial Officer |
Managing Director |
Place: Kolkata | |
Date: 29/05/2023 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.