cana glass ltd Management discussions

CANA GLASS LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONS The operations of the company has shut since 28th February 2003 due to disconnection of power by the MSEB. The management is constantly trying to raise funds from private financiers for the purpose of One Time Settlement with the IDBI and UBI and for restart of the production operations at the plant. The Board for Industrial & Financial Reconstruction (B.I.F.R) in its hearing held on 01.07.2004, issued an order for winding up of the Company u/s. 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985. The Company has filed an appeal with the Appellate Authority of Industrial and Financial Reconstruction under section 25 of the Sick Industrial Companies (Special Provisions) Act, 1985 along with a suitable Rehabilitation Scheme. The said appeal is registered with the authorities. The Rehabilitation Scheme envisages an One Time Settlement with the IDBI & UBI. The management is constantly trying to raise funds required for OTS and restart of the production operations. The management was successful in arriving at a One Time Settlement with the IDBI & UBI, full payment towards the same is still pending. HUMAN RESOURCES The Company appreciates the value of maintaining high morale amongst its employees and has always endeavored to keep it at highest level. The management is having detailed discussions with Union and its Committee Members for arriving at a settlement amount of the dues payable to the workers.

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9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

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ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

cana glass ltd Management discussions

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We are ISO 27001:2013 Certified.

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Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.