Industries Structure and Development:-
Among the various Metal Industry is still growing at a comparatively faster rate. The growth could be attributed to convenience cost effectiveness, durability and ease of movement of goods. The industry is highly capital intensive. Working capital requirements are also heavy. The market place is highly competitive and the industry is faced with excess capacity built up. The company during the year could not augment the heavy working capital requirement and had to dispose off entire fixed assets of the company.
Financial Review:-
The year 2010-2011 ended with a profit of Rs. 9.94 Lacs. The company shall make all efforts for betterment of its operations in the ensuring year.
Opportunities and threats:-
The company is yet to decide its future course of major activity which is expected to be finalized during the ensuring year.
Segment wise Performance:-
The company had only one business segment i. e. Metals during the year. Internal Control Systems and Adequacy:-
The Company has adequate internal procedures, commensurate with its size and nature of its business. The systems are adequate for safeguarding the assets of the company and preventing their unauthorized use or disposition. However the management is under constant endeavor to strengthen the same further.
Human Resources and Industry Relations:-
Not Applicable.
Cautionary Statement:-
Statement in this "Management discussion and analysis Report" describing the companys projections, estimates, expectations or predictions may constitute "forward looking statement" within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied.
Code of Conduct:-
The code of conduct for all the members of the Board and senior management of the Company has been prepared.
For and on behalf of Board of Directors For Suryodaya Allo-Metal Powders Limited
Sd/-
Managing Director
Place:- Pune
Date:- 25.08.2011
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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.