Today's Top Gainer
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INDUSTRY STRUCTURE, DEVELOPMENT AND FUTURE OUTLOOK:
Although, demonetization has affected all industries, economy is now coming out of its impacts and industry has started working. Further the numerous legislative changes by Indian Government, will further expected to grow industry in coming years. Further, as per experts opinion a better monsoon is expected this year, which will also boost the industry.
Integrated Proteins Limited does not have multiple segments, and hence, comments are not required.
During the year under Report, your Company has not earned any income out of its operational activities, as against Previous year operational income amounting to Rs. 8,09,120/- . Net profit of the company has also been decreased from Rs. 8,28,501.50 of previous year to Rs. 4,78,056.61.
INTERNAL AUDIT SYSTEM :
The Company has implemented proper and adequate systems of internal control to ensure that all assets are safeguarded and protected against loss from any unauthorized use or disposition and all transactions are authorised, recorded and reported correctly. The System ensures appropriate information flow to facilitate effective monitoring. The internal audit system also ensures formation and implementation of corporate policies for financial reporting, accounting, and information security.
All statements made in Management and Discussion Analysis have been made in good faith. Many unforeseen factors may come into play and affect the actual results, which could be different from what the Management envisages in terms of performance and outlook. Market data, industry information etc. contained in this Report have been based on information gathered from various published and unpublished reports and their accuracy, reliability, and completeness cannot be assured. Factors such as economic conditions affecting demand/supply and priced conditions in domestic & international markets in which the Company operates, and changes in Government regulations, tax laws, other statues and other incidental factors, may affect the final results and performance of the Company.
|Date : 10/08/2017||By order of the Board of Directors|
|Place : Jamnagar||For, INTEGRATED PROTEINS LIMITED,|
|(ARVIND K. SHAH)|
|Chairman & Managing Director|
|DIN : 00094647|