Indoworth Holdings Ltd Management Discussions

Industry Structure & Development

The scenario all over is changing and accordingly the Company is also changing in outlook and currently engaged aggressively in the commissioning business activity. The Company is exploring all aspects of new opportunities in the field and ways and means to do the business cost effectively.

To survive and sustain in the current scenario where the industry is attempting to shift models, has been a very challenging task.

Increase in significant growth rate and momentum in economy has also created competitive environment and the Company is trying to grab all the opportunities on its way which would enhance the companys performance.

The Company is currently engaged in the commission activities. The Company is constantly taking steps forward to sustain in the competitive economy.

Further, the Company is showing substantial growth and is making all due efforts in achieving its business objectives in the most efficient manner.

The Company is basically into commission activities. During the financial year under review, the Company recorded Rs. 37.07 lakhs total revenue as compared to Rs. 20.34 lakhs in previous year. Loss after tax amounting to Rs. 14.09 lakhs as against loss of Rs. 0.49 lakhs in previous year.

The primary risk for the Company is with the volatile domestic markets and the uncertainty prevailing in the Economy after government measures like Demonetisation, implementation of Goods and Service Tax (GST). However, the Company is taking all measures to cope with all these challenges by continuous efforts at cost optimization, process improvements, diversification of products and improving efficiencies.

The Company has adequate system of internal controls to ensure that all assets are safeguarded and protected against loss and that all transactions are authorized, recorded and reported correctly. The systems are designed to support the reliability of the financial and other records for preparing financial statements and other data. The Statutory Auditors also discuss their comments and findings with the management as well as with the audit committee.

The Company has also regularly placed before the Board, Internal Audit Reports, Financial Results with Provisional Balance Sheets, Performance Review Report of various Units together with Executive Summary, Current Workings and all Current matters of commercial importance and various other information as generally required under the various Stock Exchange Listing Agreements.

The Company continues to recognize the importance of good human relations in the smooth working of the organization.

The facts and views mentioned in this report on Management Discussion and Analysis describing the Companys views about the industry or otherwise, and the forecasts made, are entirely based on opinion formed by the Management of the Company, and actual position or results may differ from those implied therein. Important factors that could make a difference include economic developments within India and outside, and also the economic performance of other countries with which the Company conducts business, as well as availability of raw materials and prices and other incidental factors.