Manor Estates & Industries Ltd Management Discussions.

1. FORWARD-LOOKING STATEMENTS

Your Directors have drawn up a detailed plan to create a gated community of independent villas on the land owned by the company. Necessary applications have been made to the local authorities for approval. Once the required sanctions are obtained, the real estate operations of the Company will commence.

2. OPPORTUNITIES & THREATS:

The ongoing pandemic has influenced change in consumers preferences with respect to residential properties. Larger residential spaces away from congested areas with work from home arrangements are preferred. This change will make the companys proposed residential project more attractive. However, it is too early to predict lasting consumer preferences.

3. OUTLOOK:

Your company has been following the philosophy of providing the highest quality products and services at the lowest possible prices. Your Companys philosophy to provide high class quality products i.e. full value for money, to consumers would greatly benefit in the long run. Your company will continue to follow this philosophy in the new operations that it is likely to undertake.

4. RISKS AND CONCERNS:

The company is not carrying on any industrial or business activity at present. It has no secured loans. The company does not foresee any area of risk or concern. However, the outcome of the proposed real estate activities depends on receipt of layout and building permissions from the local authorities and the post Covid economic environment.

5. INTERNAL CONTROL SYSTEMS

The Company has proper and adequate systems of internal controls in order to ensure that all assets are safeguarded against loss from unauthorized use or disposition and that all transactions are authorized recorded and reported correctly. An Audit Committee headed by a non-executive independent Director is in place to review various areas of the control systems.

6. DISCUSSION OF FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The details of the financial performance of the Company are appearing in the Balance Sheet, Profit & Loss Account and other financial statements etc. appearing separately. Highlights for the year 201920 are as under:

Particulars Amount in Rupees
Gross income for the year 2019-2020 0
Provision for taxation -
Profit after tax/ (Loss) (44,11,344)
Paid up equity share capital as on 31st March, 2019 8,23,50,000

The financial performance of the Company has been explained in the Directors Report appearing separately.

7. HUMAN RESOURCES:

At present the company has no employees.

8. CAUTIONARY STATEMENT:

Certain statements in the Management Discussion and Analysis describing the Companys views about the industry, expectations/predictions, objectives etc, may be forward looking within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed in the statement. Companys operations may inter-alia affect with the supply and demand situations, input prices and their availability, changes in Government regulations, tax laws and other factors such as Industrial relations and economic developments etc. Investors should bear the above in mind.

9. INDUSTRY STRUCTURE AND DEVELOPMENTS

Presently, the Company is not carrying any business operations due to which there is no in-dustrial structure and developments, however whenever company increases its operations the detailed structure and developments will be highlighted for the shareholders.