eureka industries ltd Management discussions


The Management Discussion and Analysis report is given below:

OVERVIEW

The Company is not carrying out any specific business. Considering the fact that the Company has adequate resources to continue in operational existence for the foreseeable future and taking into account the management assessment of improvement in the economic condition in general. The Companys management are striving to get better in the market and make sincere efforts. The Company is getting its revenue out of interest on Investment.

FINANCIAL PERFORMANCE & REVIEW

The Company suffers a loss of Rs. 16056/- during current financial year as against loss of Rs. 65,774.62/- during the previous year.

SEGMENT WISE PERFORMANCE:

As there is no particular operational activity, hence segment wise performance is not applicable.

OUTLOOK

Due to inoperative business activity of the company forecasting outlook is not wise since any particular business not yet started. The Directors are striving hard by making sincere efforts for the better growth and prospects of the Company in the future.

RISK MANAGEMENT

Your Company has no specific risks other than normal business problems which are in the routine business management of the company.

INTERNAL CONTROLS

The Company has adequate internal control procedures and has well defined business processes to ensure the efficiency and effectiveness of the efforts that go in managing various assets and interests of the Company. Since there was no any business activities carried out by the company during the year and hence no major internal problems were created.

HUMAN RESOURCES

Human resources development, in all its aspect like training in safety and social values is under constant focus of the management. Relations between management and the employees at all levels remained healthy and cordial throughout the year. The management and employees are dedicated to achieve the corporate objective and the targets set before the Company.

SUBSIDIARIES

Your Company has no subsidiary Companies.

For Eureka Industries Limited
Sd/-
Deepak Kumar Soni
Managing Director
Place: Ahmedabad DIN: 09670815
Date: 31/08/2022