Mask Investments Ltd Management Discussions.

BUSINESS OVERVIEW

Mask Investments Limited was registered as Non-Banking Finance Company not accepting pubic deposit however the NBFC Registration of the company has been cancelled by RBI during the year vide its order dated 18th July, 2018 received on 19th July, 2018 due to non-attainment of Net Operating Funds requirement as per RBI Act 1934 and in future the company wishes to apply for fresh certificate of registration after attainment of Net Operating Fund as per RBI Act 1934. The company has surrendered its Certificate of registration on 18th January, 2019.

OPPORTUNITIES & THREATS

The Companys Major income is from Interest on loan and advance given to others and Dividend that may be receivable on Investment held by it in the Group or associate company. Any Adverse impact on the Business of the Group Companies will have a bearing on the performance of your Company.

RISKS AND CONCERNS

The Management has to regularly monitor the Changing market conditions and the Trends. Further any Slowdown of the economic growth or Volatility in global financial markets could also adversely affect the companys Business.

FINANCIAL PERFORMANCE AND OPERATIONAL PERFORMANCE

We have improved our performance and focused on managing costs. The Financial Performance of the Company has been satisfactory.

REVIEW OF INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has internal control system which, in the opinion of the Management, is commensurate with the size and activities of the company. The System is also reviewed from time to time.

HUMAN RESOURCE DEVELOPMENT AND INDUSTRIAL RELATIONS

The Company continues to maintain excellent industrial relations, while also ensuring human resource development. The Board is also working on a comprehensive basis to review companys HR Policies so as to provide opportunities for the absorption of new talent in the Company.

CAUTIONARY NOTE

The statements in the Directors and Management Discussion and Analysis Report describing the Companys projections, estimates, expectations or predictions may be forward looking Statements within the meaning of applicable laws and regulations. Actual results could differ materially from those expressed or implied since the Companys operations are influenced by many external and internal factors beyond the control of the Company.