Gaekwar Mills Ltd Management Discussions.

(1) Industry Structure and Development:-The Company has been engaged in the business of manufacturing Fabrics (Textile industry), however the said unit was declared sick and to set up fresh unit, clear all liabilities and pursuant to a Scheme u/s 391 of Companies Act, 1956 sanctioned by Bombay High Court. Company at present is into development of 60% of its own land at Bilimora.

(2) Opportunities and Threats :-

Opportunities – The Company is expecting good opportunities by developing the land available at Bilimora, Gujarat, such a huge land is not available in Bilimora (West), hence these desiring sea view or cool breeze.

Threats for the Company is:

1. That the workers are filing cases against the Company in High Court of Maharashtra and Gujarat. Due to this litigation Company is not able to start its new business and currently the Company is in loss.

2. Company is not having expertise in construction activity.

3. The population is much less to consume the constructed unit.

(3) Segment-wise or product-wise performance :-Currently there is no Business in the Company.

(4) Business Outlook :-The Company is in Infrastructure business. The company finds a good business outlook, in case the company can start is commercial development of its land situated in Bilimora.

(5) Risks and Concerns :-The Workers of the Company have filed case against the Company in the High Court due to which Company is unable to start its new business. Unless and until the cases are resolved the Company cannot start their Business.

(6) Internal Control System and their adequacy :-The internal control system and their adequacy is commensurate with the size and nature of the business of the Company.

(7) Financial Performance with respect to Operation Performance :-Currently the company is going on in loss as the company has no business.

(8) Material Developments in Human Resources / Industrial Relations front including number of people employed :- Currently there is no Business in the Company, hence there is no material developments in Human Resources / Industrial Relations front including number of people employed.