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.
Opportunities and Threats
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.
Segment wise 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.
Operational and Financial Performance, Management Discussion and analysis
The Company is basically into commission activities. During the financial year under review, the Company recorded Rs. 29.60 lakhs total revenue as compared to Rs. 26.75 lakhs in previous year. Loss after tax amounting to Rs. 1.91 lakhs as against profit of Rs. 3.00 lakhs in previous year.
Risk & Concerns
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.
Internal Control System
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.
Human Resources
The Company continues to recognize the importance of good human relations in the smooth working of the organization.
Cautionary Statement
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.
On Behalf of the Board |
||
Harish Kant Mandhre | Kaushal Kumar | |
Executive Director |
Director |
|
DIN: 08396568 |
DIN: 08035025 |
|
Place: Kolkata | ||
Date: 4th September, 2023 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.