Filatex Fashions Ltd Management Discussions

Overview

We always want to look ahead and push ourselves to reinvent and re innovate. We took this opportunity to be introspective and realised our core strengths. We do not see these restrictions as a hurdle but an opportunity to explore new markets and new fields. We believe that with over 29 years of combined management experience in the socks markets in India enable us to be competent in this field and its activities in Manufacturing.

Industry Structure and Developments

The Company follows all the rules and regulations of the respective exchange for depository / SEBL Opportunities and Threats

The Company being a player in the socks market, the performance of the Company largely depends on the National and Global Markets. Your Company continues to achieve cost effectiveness through the application of technology. We have been fashioning our own responses to these challenges and we believe that we can turn them into opportunities, which can unlock growth for us in the future.

Opportunities

1. Growing Financial Services industrys share of wallet for disposable income.

2. Regulatory refonns would aid greater participation by all the class of investors.

3. Leverage technology to enable best practices and process.

Threats

1. Execution Risk

2. Slowdown in global liquidity flows

3. Intense competition from local and global players.

4. Unfavourable economic conditions

Segment -wise or product wise performance

The Company carries on 100% socks manufacturing and allied products.

Internal Control & Adequacy

The company has adequate internal technology upgrading to ensure that all machines are upgraded from time to time.

Risk Management System

The company manages our business risk through strict compliance and internal control system.

Outlook

Company is focusing on service-based activities. We believe that with over 33 years of combined management experience in the capital markets and corporate space in India enable the company to be competent in this field The company has decided to venture into different business through investments in subsidiaries company.

Details of significant changes

Change in Net worth

Net worth has been increased for the financial year as there is an increase in share capital and profit Human Resource

Company has adequately trained and well experienced personnel. Our employees are highly motivated and work in line of the organizational goal.

Cautionary Statement

The statements made in this report describe the Companys objectives and projections that may be forward looking statements within the meaning of applicable laws and regulations. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Company.