Lancer Containers Lines Ltd Management Discussions.
Industry and Business Overview
Logistics sector is one of the fastest growing sector in India. An efficient logistics market would demand integration of services at all points across all segments. Logistics sector will have an important role to play in the growth with initiatives such as Make in India.
Lancer Container Lines is engaged in providing logistic services such as NVOCC, Freight Forwarding, Container Trading and Leasing and Container yard. We provide these services and product on worldwide basis and aim to emerge as a global logistic service provider. We believe in giving our customers "Total Logistics solutions without Limits".
Key Demand drivers in Logistics Sector:
Growth in Manufacturing Sector
Threats, Weakness, Opportunities and Strategies
Downward pressure on freight rates.
Highly competitive environment with lots of unorganised and organised players, which may lead to price cutting from existing players and new entrants.
Since we are operating worldwide, the economic and Demographic conditions may affect our operations.
Decreasing global trade and trade barriers.
Growth of Manufacturing sector and Make in India Initiatives.
Global economic recovery in developed and developing countries.
Large fleet of containers.
Build relationships through flexibility to meet the customers changing needs. We constantly make an effort to add more value to our products and services, thereby providing ultimate customer satisfaction. Attract and retain efficient professional, which forms part of our core strength.
Internal Control Systems and their Adequacy:
Your company has adequate internal control systems and code of conduct, which is supplemented by regular management review, well documented policies and guidelines to ensure reliability of financial and all other records and to prepare financial statement and other data. The company has independent audit systems in place to monitor important functions and the audit committee of the board reviews the findings.
Financial Performance and Analysis:
|Particulars||Year ended 31.03.2016||Year ended 31.03.2015|
|Sales and Other Income||4314.28||3042.13|
|Net Profit for the year||55.02||46.08|
** For detailed explanation, please refer Directors Report.
This report contains forward-looking statements based on certain assumptions and expectations of future events. Actual performance, results or achievements may differ from those expressed or implied in any such forward looking statements. The company undertakes no obligations to publicly revise any forward looking statement to reflect future/likely events or circumstances.