hawcoplast investments trading ltd Management discussions


HAWCOPLAST INVESTMENTS AND TRADING LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS OPERATIONS: In response to an application made by the Company the Registrar of Companies, Maharashtra has confirmed the change of name of the Company to Hawcoplast Investments & Trading Ltd. with effect from 21st November, 2005. The Company during the year altered the main objects clause in its Memorandum of Association to include there under the business of investment and trading so as to be in consonance with the new name of the Company and a certificate of registration has since been received from the Registrar of Companies, Maharashtra for the said alteration. Your directors are pleased to inform that during the year, the Company has been granted a Certificate of Registration for commencing the business of a Non-Banking Financial Institution subject to the condition that it will not accept any public deposits.