gwalior polypipes ltd Management discussions

Management Discussion and Analysis 2014-15

CAUTIONARY STATEMENT

Statements made in this report describing the Company’s objectives, projections, estimates and expectations may be "forward-looking statements" within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates; changes in the Government regulations; tax laws and other statutes and incidental factors.

OVERVIEW

The following operating and financial review is intended to convey the management’s perspective on the financial and operating performance of the Company at the end of Financial Year 2014-15. This should be read in conjunction with the Company’s financial statements, the schedules and notes thereto and the other information included elsewhere in the Annual Report. The Company’s financial statements have been prepared in compliance with the requirements of the Companies Act, 2013, the guidelines issued by the Securities and Exchange Board of India (SEBI) and the Generally Accepted Accounting Principles (GAAP) in India.

ECONOMY SCENARIO

As per the recent report by the World Bank, India is set to emerge as the world’s fastest-growing major economy by 2015 ahead of China. India’s Gross Domestic Product (GDP) is expected to grow at 7.5 per cent in 2015. The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, RBI’s inflation focus supported by benign global commodity prices. Looking at the positive economic outlook for the current year, your company is making efforts to increase the sales. We are continuously working to strengthen relationship with customers. In such improved market condition, your company will also rise and perform better.

Our Company Product Line : -

• UPVC Single wall Corrugated Pipe As per ASIM, DIN & IS 9271:2004

• SWC as per fib Bulletin 7:2000, IRC : 18-2000

• DWC as per IS:14930-part 1 & 2

• ISI marked Rigid PVC Plain Pipes as per IS:4985 standards.

• HDPE Plain Pipe

The management of the company comprises of technocrats. The production is being done by staff trained in Canada. The company has extensively worked with government, semi-government, public sector organizations and multinational corporations providing them tailor made products as per their exact requirements.

In the better market condition your board expect better result in next financial years