Mercury Metals Ltd

BSE: 531357 | NSE:  | ISIN: INE763M01010 
Market Cap: [Rs.Cr.] 2.54 | Face Value: [Rs.] 10
Industry: Finance & Investments

Management Discussions
MANAGEMENT DISCUSSION AND ANALYSIS REPORT

i) Industry Structure and Development

The Company is engaged in the business of trading of ferrous and non ferrous metals.The Company intends to extend its area of operations to other metals including of tradingof precious metals. The metal industry in which the Company is dealing is recently havingtrends of volatility and there are very good chances for the Company to develop its areaof operation in the metal industry.

ii) Opportunities and Threats

For market players of Metal industry, a major cause of volatility is the cost of rawmaterials, which has been exacerbated by the change from annual to shorter-term pricecontracts. Shortages in supply have enabled suppliers to re-engineer the pricingmechanisms. However, this has created challenges for market players. They now have to dealnot only with the increased volatility in raw material prices, but also with how tomaintain margins with fluctuating demand. These developments are significantly affectingthe earnings of the Metal industry and try to achieve stability in Metal market.

iii) Internal Control system and their adequacy

The Company has adequate system of internal control commensurate with its size andoperations to ensure orderly and efficient conduct of the business. These controls ensuresafeguard of assets, reduction and detection of frauds and error, adequacy andcompleteness of the accounting record and timely preparation of reliable financialinformation.

iv) Financial performance with respect to operational performance

The financial performance of the Company for the year 2013-14 is described in theDirectors Report.

v) Human Resources/ Industrial Relations

Your Company has undertaken certain employees’ Development initiative which havevery positive impact on the moral and team spirit of the employees. The Company hascontinued to give special attention to Human Resource/ Industrial Relations development.Industrial relations remained cordial throughout the year and there was no incident ofstrike, lock-out etc.

vi) Cautionary Statement:-

Statement in this Management Discussion and Analysis describing the company’sobjectives, projections, estimated and expectations are "forward lookingstatements" Actual results might differ, materially from those anticipated because ofchanging ground realities.

Regd. Office : On behalf of the Board
36, Advani Market For, Mercury Metals Ltd.
O/S Delhi Gate,
Ahmedabad-380004 Govindram L. Kabra
Date : 12/08/2014 EXECUTIVE DIRECTOR
Place : Ahmedabad DIN:00006621
   
Futures & Options Quote
Future Data Not present
Key Information

Key Executives:

Ramprakash L Kabra , Director

Mahendra G Prajapati , Director

Govindram L Kabra , WTD & Executive Director

Pankhil D Desai , Director


Company Head Office / Quarters:

36 Advani Market,
O/s Delhi Gate Shahibaug,
Ahmedabad,
Gujarat-380004
Phone : Gujarat-91-79-65425275 / Gujarat-
Fax : Gujarat-91-79-26302231 / Gujarat-
E-mail : metal.mercury@gmail.com
Web :

Registrars:

MCS Ltd
101 Shatadal Complex,Ashram Road P O,Navrangpura,Ahmedabad-380009

 
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