iykot hitech toolroom ltd Management discussions


Industry Structure and Developments:

Sine your Companys paid-up Equity Capital and Net worth is less than Rs. 10 crores and Rs. 25 Crores respectively, hence not applicable to the Company.

Opportunities and Threats

Our Company project has resulted in high quality output which has resulted to tie up long term contracts with the Customers. Our main concern is, continuous competition from other manufactures in the same line of production.

Segment wise performance Risks and Concerns:

Our main concern is, continues competitive from other manufactures in the same line of production by reducing the price in the market due to which the Company has to reduce the price to retain its share in the market.

Internal Control system and their adequacy:

The Company maintains its adequate internal controls to the efficient operations. Also the Company maintains all statutory rules, regulations, laws as applicable from time and protection of resources and assts.

Financial performance with respect to operational performance:

Summary of statement of profit and loss account forms part of the Annual Report.

Material Developments in Human Resources / Industrial Relations Front:

Training on all sectors are given to its employees periodically and motivated to work in line with the development of the industry. The willingness and Commitment of the employees help the Company to stand tall among its customer in quality and service. The Company has the total employee strength of 28.