Management Discussion & Analysis Report on the business of the Company for the year ended 31st March 2021 is furnished here. We have included comments on all the specified matters to the extent relevant or within limits that in our opinion are imposed by the Companys competitive position.
(a) Industry structure and developments
The challenges in the fore front on account of COVID-19, has forced the key stakeholders across the value chain to reset or relook at the priorities way forward for a sustainable business model.
(b) Opportunities and Threats.
It is important to acknowledge the impact of COVID 19 on the business across the globe. Also, the industry expects a future consolidation and shake out of small-time players, this may offer new market opportunities and revenue verticals. The Company with its strong business fundamentals and enterprise level business resilience is well positioned to take on the new business opportunities with ease. COVID 19 has compounded the challenges for the already volatile Indian industry. The industry anticipates a marginal contraction in the capacity addition.
(c) Segment-wise or product-wise performance.
Segment wise reporting as per Accounting Standards AS17 is not applicable to your Company, since your Company is engaged in the activity of single segment only.
The Company shall continue to review the business plans and take necessary actions in the best interest of the Company and safeguard the interest of the stakeholders. The entire world has been impacted by the COVID-19 pandemic and your Company has not been spared the adverse effects of the Virus. The Company shall continue to look for business opportunities in the coming months post-lockdown to make sure that the Company becomes profitable in a sustainable manner in the long run.
(e) Risks and concerns.
There are no further areas of risks /concerns outside the ordinary course of business foreseeable at this point of time.
(f) Internal control systems and their adequacy.
Internal control systems are found to be adequate and are continuously reviewed for further improvement
(g) Discussion on financial performance with respect to operational performance.
During the year, the Company registered nil turnover due to uncertainties in the Real Estate business, and the operations were shutdown completely for ample period of time due to lockdown , so the operations were not able to commence significantly.
(h)Material developments in human resources / industrial relations front, including number of people employed:
Human Resources Employees are vital and most valuable assets. The Company has a favourable work environment that encourages innovation and motivation. The Management continues to invest in people through various Learning & Development initiatives and believes in nurturing leaders among them, as far as possible and provide opportunities for growth across all levels
DISCLOSURE OF ACCOUNTING TREATMENT:
In the preparation of financial statements, treatments as prescribed in the Accounting Standards have been followed.
• Statements in this "Management Discussion & Analysis" which seek to describe the Companys objectives, projections, estimates, expectations or predictions may be considered to be "forward looking statements" within the meaning of applicable securities laws or regulations. Actual results could differ materially from those expressed or implied.
• Important factors that could make a difference to the companys operations include global and Indian demand-supply conditions, and pricing in the companys markets, changes in the government regulations, tax regimes, economic developments within India and countries with which the company conducts business besides other factors, such as litigation and other labour negotiations.
Your Directors would like to place on record their gratitude to the Members for their continued support and confidence. Your Directors would also like to express their sincere appreciation for the assistance and cooperation received from all the stakeholders of the Company during the year under review.
|ON BEHALF OF THE BOARD OF DIRECTORS|
|Place: Chennai||L.DEVARAJULU||TIKAMCHAND RAKHI|
|Date: 01.09.2021||WHOLE-TIME DIRECTOR||DIRECTOR|
Gold/NCD/NBFC/Insurance and NPS
Gold/NCD/NBFC/Insurance and NPS