Ashram Online.com Ltd Management Discussions.
INDUSTRY STRUCTURE AND DEVELOPMENT
Global economic recession has affected growth in the economic activity in various sectors of the economy and accordingly has compelled company to survive alongside the dwindling economic activity, barring unforeseen circumstances; the company would be able to achieve its financial objectives without much of constraints.
OPPORTUNITIES, THREATS, RISKS AND CONCERNS
There exists abundant opportunities for growth. However, slow down of market activity and cut throat competitions coupled with changes in the policies of the government are these areas of concern. However with the experience and expertise of the management, the company would withstand competition and convert threats in to opportunities.
SEGMENTWISE / PRODUCTWISE PERFORMANCE
The Company has currently only one segment financial sector in line with the Accounting Standard on Segment Reporting (AS-17). OUTLOOK India is among one of the most observed emerging markets. Implementation of policies and reforms by the Government would help sector grow at faster phase.
The Company foresees better business prospects in the year 2019.
INTERNAL CONTROL SYSTEM AND ADEQUACY
The Company has adequate system of internal control in place. This is to ensure that assets are safeguarded and all transactions are authorized, recorded and correctly reported. The top management and the Audit Committee of the Board review the findings and recommend to the Board improvement on the same.
MATERIAL DEVELOPMENTS IN HUMAN RESOURCE
The company believes, thinks and performs in a manner that is in line with global best of breed practices. Your company attaches significant importance to continuous up gradation of Human resource for achieving higher level of efficiency customer satisfaction and growth.
This report contains forward-looking statements, which may be identified by their use of words like plans, expects, will, anticipates, believes, intends, projects, estimates or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to statements about the Companys strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Companys actual results, performance or achievements could thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events.