Gujarat Lease Financing Ltd Management Discussions.
Industry structure and developments
The Company has discontinued its business operation a very long back and as such not carried on any new business during the year under review. Hence there is no major impact of Industry structure and developments on a Company.
Opportunities and Threats
As the business of the Company had been stopped since 2000, the management is not looking for suitable business opportunities to restart any operation right now. Considering the present condition of the Company there is no threats to the Company.
Segmentwise or product-wise performance
At present, the Company does not have any product or provide any services and hence it was not required to provide segment wise or product wise performance of the Company.
Detail of significant changes in Key Financial Ratios
As the Company has not done any operational business during the year under review, as such it will not be required to provide the details of the significant changes in Key Financial Ratios(i.e. 25% or more as compared to the immediately previous financial year) such as Debtor Turnover Ratio, Inventory Turnover Ratio, Interest Coverage Ratio, Current Ratio, Debt Equity Ratio, Operating Profit Margin and Net Profit Margin or sector specific equivalent Ratios as applicable to the Company alongwith detailed explanation thereof. The details of any change in Return of Net worth as compared to the immediately previous financial year alongwith detailed explanation thereof is also not required to be provided in this report.
The Company do not envisage any new business opportunity in the near future.
Risks and concerns
The Company does not have any operational activities and income,however the Company has income from other sources viz. interest on investments which may attract interest rate risk. The Company has made diversified investment in fixed deposit to mitigate risks posed by external environment.
Internal control systems and their adequacy
During the year under review, the Company has appointed external independent person to carry out internal audit of the Company. The Internal Audit Reports are reviewed by the Audit Committee of the Board from time to time and no weakness was found in the existing internal control system. The present internal control mechanism is adequate looking to the size and the nature of the business of the Company. The Company has also laid down adequate internal financial controls.
Discussion on financial performance with respect to operational performance
The Company does not have any operational activities, as such the financial performance of the Company are not comparable with the operational performance during the year under review.
Material developments in Human Resources
The Company has duly appointed Key Managerial Personnel in compliance of the Companies Act, 2013 and Rules made there under as well as SEBI (LODR) Regulations,2015 during the year under review..
Statements in this Management Discussion and Analysis describing the Companys objectives, projections, estimates and expectations may be forward looking within the meaning of applicable laws and regulations. Actual results may differ from those expressed or implied.