Beeyu Overseas Ltd Management Discussions.
There has been a lot of uncertainty all over the world including India during Financial Year 2018-19. The GDP growth for the Financial Year 2019-20 is expected to be 7.5% approx. The Indian economy is improving and showing potential for future growth. The Management is optimistic for future.
B. RISKS & CONCERNS
The risk identification and assessment process is dynamic and hence the Company has been able to identify, monitor and mitigate the most relevant strategic and operational risks both during the period of accelerated growth as well as through the recessionary phase of the economy we recently witnessed.
C. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
Your company has instituted adequate control systems commensurate with its size and scale of operation, The Audit Committee periodically reviews such systems with the help of internal and Statutory Auditors and reports to the Board on its inadequacy. The Auditors have access to all records and information of the Company.
D. FINANCIAL CONTROLS
The Financial Controls are adequate and functioning actively.
E. HUMAN RESOURCES
Human capital continues to be a vital resource for all Company. The Company has a continuous process to monitor individual performance.
F. PROHIBITION OF INSIDER TRADING
The Company has implemented a policy prohibiting Insider Trading in conformity with applicable regulations. The trading window disclosure are intimated to Stock Exchange in advance.
G. CAUTIONARY STATEMENT
Statement in the Management Discussion and Analysis describing the Companys objectives, expectations or projections may be forward looking statement within the meaning of applicable securities, law and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operation include global and Indian demand supply conditions, finalized goods prices, changes in Government regulations tax regimes, economic development within India.
Place : Kolkata
Date : 28.05.2019