syncom formulations india ltd Management discussions

This Management Discussion and Analysis Report is a forward looking statement and forms part of the Annual Report of the Company. It Indicates the Company s movement in the external environment Vis--vis its own strengths and resources detailing the Company s objectives and expectations

1. INDUSTRY STRUCTURE AND DEVELOPMENT :

The local industry is taking all initiative to improvise in all areas to compete with foreign companies in terms of quality and price for which Government support required in all areas of operation especially in terms of funding by banks at reasonable interest rates and other import subsidies for importing machineries and additional incentives and action to contain rupee fall against dollar.

2. OPPORTUNITIES AND THREATS:

There are no operations facing opportunities and threats of the industry.

3. RISKS AND CONCERNS

Increasing competitive intensity in the healthcare sector, increasing cost / scarcity of resources are matter of concern.

Constant changes in technology requiring, revamping of the existing systems.

The challenging demands and high value expectations of the people using the services. Demanding safety / accountability factors against the risk in the services provided.

The analysis also shows that the strengths and opportunities far outweigh weaknesses and threats . Strengths & opportunities are fundamental and weaknesses & threats are transitory.

4. FINANCIAL AND OPERATIONAL PERFORMANCE

A. Results of Operations

a. Income NIL

b. Expenses Due to non-operational conditions, only expenses related to statutory compliances are incurred and met.

c. Profit / Loss The Company shows a Loss of Rs 1408017 lakhs after adjusting expenses from the only revenue from lease rentals.

B. Financial Condition

a. Source of Funds There is no change in the share capital, reserves and surplus, unsecured loans and secured loans.

5. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The internal control systems are adequate for size of operations of the company.

6. OUT LOOK

Being a listed corporate entity our vision and mission is centered around, core corporate governance and corporate social responsibility and as a corporate citizen.

7. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT, INCLUDING NO OF PEOPLE EMPLOYED

As there are no operations, there is no material development in human resources front.