Cistro Telelink Ltd Management Discussions.
A) INDUSTRY STRUCTURE AND DEVELOPMENT:
In India, there are various kinds of telecom services licenses, including access licenses i.e. basic/fixed service, cellular, Unified Access (basic + cellular) service, carrier licenses i.e. national long distance and international long distance, licenses for internet services, VSAT licenses, IP-1 registration for passive infrastructure (towers, ducts, fibre) and IP-2 licenses for bandwidth.
The Indian Telecom Services Sector has witnessed tremendous growth in the recent past, primarily driven by intense competition, fallings tariffs and reforms in the regulatory set-up. Major Indian business houses have invested substantially in this sector. The Company is also at present in the business of trading of goods and textile business.
B) SEGMENTWISE PERFORMANCE:
As on date of this report, the Company has no segment, hence not applicable to the Company.
C) OPPORTUNITIES / OUTLOOK:
The Company is taking maximum efforts to capitalize on business opportunities & further expect a better outlook/ better profits in the coming years.
The threat for the Company is the unrestricted competition which is allowed in all the categories under the telecom services.
E) INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:
Your Company has been maintaining an adequate internal control system commensurate with the size & nature of its business. The Internal control system is improved and modified continuously to meet the changes in business conditions, statutory and accounting requirements.
F) HUMAN RESOURCES POLICIES:
Your company considers its human resources as its most valuable assets, among all other assets of the Company. The Company has formulated sound policies for employee motivations and retentions. Also required training was given to the employees.
G) CAUTIONARY STATEMENT:
Due to unfavourable market conditions, your Company is facing profitability problems. However, your management is making optimum efforts to minimize the overheads & cost reduction.
H) RISKS AND CONCERN:
Your Company will take adequate majors to safeguard against Risks & Concerns as and when business will commence.
I) RATIO ANALYSIS:
|Debtors Turnover Ratio||0.00||0.00||0.00|
|Inventory Turnover Ratio||0.00||0.00||0.00|
|Interest Coverage Ratio||0.00||0.00||0.00|
|Debt Equity Ratio||0.09||0.09||0.00|
|Operation of Profit Margin Ratio %||0.00||0.00||0.00|
|Net Profit Margin Ratio %||0.00||0.00||0.00|
|Return on Net wealth %||-2.07||-1.31||-0.76|
|BY THE ORDER OF THE BOARD|
|CISTRO TELELINK LIMITED|
|DATE : 14th AUGUST, 2019||ARUN KUMAR SHARMA|
|PLACE : INDORE||(Director)|
The Board of Directors,
CISTRO TELELINK LIMITED
206, Airen Heights, A.B. Road, Indore, Madhya Pradesh 452 010
We, Naresh Agarwal, CEO andPyarelal Verma, CFO of the Company do hereby certify that:
1. We have reviewed the financial statement and the cash flow statements for the year and that to the best of our knowledge and belief:
a. These statements do not contain any materially untrue statement or omit any material fact or contain statement that might be misleading;
b. These statements together present a true and fair view of the companys affairs and are in compliance with existing accounting standards, applicable laws and regulations.
2. There are, to the best of our knowledge and belief, no transactions entered into by the company during the year which are fraudulent, illegal or violative of the Companys code of conduct.
3. We accept responsibility for establishing and maintaining internal controls and that we have evaluated the effectiveness of the internal control systems of the Company and we have disclosed to the auditors and the Audit Committee, deficiencies in the design or operation of internal controls, if any of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.
4. We have indicated to the auditors and the Audit Committee:
a. Significant changes, if any, in internal control over financial reporting during the year;
b. Significant changes, if any, in accounting policies during the year and that the same have been disclosed in the notes to the financial statements; and.
c. Instances of significant fraud, if any, of which we have become aware and the involvement therein, if any, of management or an employee having a significant role in the Companys internal control system over financial reporting.
|For Cistro Telelink Limited|
|DATE : 14TH AUGUST, 2019||NARESH KUMAR AGARWAL|
|PLACE : INDORE||Chief Executive Officer|
I, Naresh Agarwal, CEO of the Company hereby declare that all Board members and Senior Management personnel have affirmed compliance with the code on an annual basis.
|For CISTRO TELELINK LIMITED|
|DATE: 14TH AUGUST, 2019||NARESH AGARWAL|
|PLACE: INDORE||Chief Executive Officer|