Delta Industrial Resources Ltd Management Discussions.
INDUSTRY STRUCTURE AND DEVELOPMENT
Indias textiles sector is one of the oldest industries in Indian economy dating back several centuries. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques such as economies of scale. Keeping in view the above considerations, the company chooses the business of trading in textile industry.
Also, We begin with key developments along the value chain. In subsequent sections, we review factors that influenced rough-diamond production and sales, midstream performance and global diamond jewelry demand in major markets. As a natural resource, rough diamonds represent one of the main sources of revenue for many diamond-producing countries and create livelihoods for millions of people.
The past year has been a challenging year for our Industry with lots of ups and downs. Inspite of the above, the industry has been able to maintain its steady performance during the year under review. These Industries has played a key role in the countrys progress over the years and the situation is likely to gain momentum in the times ahead. These Industries continues to hold a dominant position in countrys economic structure because of its huge contribution towards employment generation.
Your Companys performance for the year 2018-19 has to be viewed in the context of aforesaid economic and market environment.
OPERATING RESULTS OF THE COMPANY
The total revenue from operations of your Company for the year ended March 31, 2019 stood at Rs 60382.25 as against Rs 116726.86 for the year ended March 31, 2018. The company incurred loss before tax of an amount of Rs (1410.98) as compared to profit before tax of Rs (420.01) in the previous year. Hence, The loss after tax for the year ended March 31, 2019 recorded of Rs (1410.98) as compared to loss after tax of Rs (38.76) in the previous year.
There is a provision of more FDI and investment opportunities.
Withdrawal of quota restriction is contributing immensely in market development.
The global needs are being catered with product development.
An upsurge in the purchasing power and disposable income of Indian customers has opened room for new market development.
With the increase in business segment, the competition has increased from Domestic and other developed countries.
Threats for this Industry are very common and every person is aware of the threats and the risks involved with this Industry.
Striking a balance between demand and supply.
PROSPECT & OUTLOOK
The management is of the view that the future prospects of your company are bright and the performance in the current year is expected to be very well. The committed customers of the company are expected to place more orders, which ultimately affect the top line of the company, positively.
RISKS AND CONCERNS
The Company has taken adequate preventive ad precautionary measures to overcome all negative factors responsible for low trend to ensure steady growth.
INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY
There are well-established procedures for Internal Controls for operations of the company. The finance & audit functions are well equipped with professionally experienced qualified personnel & play important roles in implementing the statutory obligations. The company has constituted Audit Committee for guidance and proper control of affairs of the company.
Human Resources are highly valued assets at Delta Industrial Resources Limited. The company seeks to attract, retain and nurture technical & managerial talent across its operations and continues to create, sustain the environment that brings out the best in our people with emphasis on training, learning & development. It aims at career progression and fulfilling satisfactory needs. Performance is recognized and rewarded through up gradation & job enrichment, performance incentives.