ID Info Business Services Ltd Management Discussions.
1. INDUSTRY STRUCTURE & DEVELOPMENT
The Company has started its operation Afresh and need to work on many areas to re-gain its position in the competitive market.
2. SEGMENT WISE OF PRODUCT WISE PERFORMANCE
The company has is planning afresh to make optimum utilization of its resources and expected to turn around its resources will to get right opportunity.
Looking promising on the coming years and would like to perform up to the mark.
4. OPPORTUNITIES, THREATS AND FUTURE OUTLOOK
There is no doubt that the proposed activity of the company in system management in the field of information technology, provide IT enabled processing outsource etc., has a bright future and the country has a potential to become leader in IT sector. The axis of growth is gradually shifting from the developed economies to developing economies in Asia. India is well placed to meet future growing demand because of its high competitiveness.
5. RISK AND CONCERN
In view of the Company having not undertaken any activity, the risk & concern factor has not been of much significance.
6. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has clearly laid down policies, guidelines and procedures that form a part of the internal control systems.
7. FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONS, ETC
There have been not been much operations during the year.
8. MATERIAL DEVELOPMENT IN HUMAN RESOURCE:
Since the Company was not in operation, there was not much human resources required during the year.
|FOR AND ON BEHALF OF THE BOARD OF DIRECTORS|
|Abhishek Morarka||Sushil Morarka|
|DIN: 01399982||DIN: 01399879|