max alert systems ltd share price Management discussions


The Principle activates of the Company are:

I. The Company is primarily engaged in the business of manufacturing and sale of a variety of Telecommunication Cables and with the upcoming 5G communication technology introduction in mobile networks will definitely have positive impact on demand of optical fiber cables. II. As the Company is also having a of supply of Cement and hollow bricks to construction companies as another segment of business. The Company supplies aggregates (crushed stone, sand and gravel) through quarries / mines and distribution yards to its customers in Jharkhand. III. The Company supplies aggregates (crushed stone, sand and gravel) through quarries / mines and distribution yards to its customers in Jharkhand. Company also provides cement and downstream products, namely, pavers, Hollow Bricks in vertically-integrated structured markets where as the Company has a leading position in aggregates.


The company do not have any revenue for the financial year 2022-23 as compared to Rs. 4,72,18,708/- for the previous financial year ended March 31, 2022.

As the Company is under CIRP, the operations of business are not operating. However the

Resolution Professional has submitted Resolution Plan to the Honble NCLT, which is yet to be approved. The Resolution Professional and COC are taking measures to get company operating and going concern.


The country has potential for Industrial and minor mineral over large area. Stone crushing and mining industryis an important industrial sector. Leased area engaged in producing crushed stone of various sizes depending upon the requirement which acts as raw material for various construction activities such as construction of Roads, Highways, Bridges, Buildings, and Canals etc. Over the last 10 years, the Construction sector has been registering strong growth rates in the range of 7-8%. Housing and construction is one of the major drivers of growth in more than 40 allied industries including Stone Crushing. In addition, for the building of roads, flyovers and bypasses, there is a mass and consistent need of crushed stone across the country.

India has the required raw materials in abundance, the lack of exploration, non-simplified policies and delayed approvals have resulted in decline in extraction of minerals and this has led to the sluggish growth in mining. Even the sustenance of some of the sectors that are dependent on raw material from mining is being threatened. Still the mining sector alone has the potential particularly in the rural sector.

Also, there is the emerging opportunities for optical fibre cables infrastructure from government sponsored projects/private operators capex including the impending introduction of 5G technology in the mobile communication networks should auger well for your Companys both

Cable and EPC business segments.

However, the said business is prone to various external and internal threats i.e. Government policies, State Policies, Pollution Laws, Market for Infrastructure Development, Labour Acts etc.

As the resolution professional, CoC are striving hard to keep business of Company in going concern and has submitted resolution plan to NCLT to keep Company operating and going.


Risk management is an increasingly important business driver and is embedded in the activities of the Company through an enterprise wide approach. Resolution Professional Company has a defined risk management strategy with senior management identifying potential risk, evolving mitigation responses and monitoring the occurrence of risk. The Company is also in the process of implementing a forward looking and predictive risk identification and management program that will help businesses limit risk exposure, save costs and enhance value for stakeholders. The definition of risk management is also being enlarged to incorporate an array of operational, legal and financial objectives besides ensuring safety and well-being of employees in the times of natural disasters and pandemic. The risks are identified on a regular basis, across functions and business segments and the Company strives to link each risk with mitigation step to ensure business continuity. Concerted efforts are being made to improve risk management programs so that both business and regulatory demands can be met, greater business value can be created and corp.


An appropriate and adequate system of internal control exists in your company to ensure that all assets are safeguarded and protected against loss or from misuse or disposition, and that the transactions are authorized,recorded and reported suitably. Internal control systems are ensuring effectiveness of operations, accuracy and promptness of financial reporting and observance with laws & regulations.

The internal control is supplemented on an ongoing basis, by an extensive program of internal audit being implemented throughout the period. The internal audit reports along with management comments thereon are review by the Resolution professional as Board are suspended. Implementations of the suggestions are also monitored by the Resolution professional. The internal control is designed to ensure that the financial and other records of the company are reliable for preparing financial statements and other data, and for maintaining accountability of assets.


Mining is a labor-intensive industry and has a huge potential for employment generation particularly in the hinterland and backward areas, which have limited potential for other economic activities. In addition, it acts as a significant variable towards achieving a sustainable and inclusive growth.

Human Resources are highly valued assets at Max Alert Systems Limited. The Company seeks to attract, retain and nurture technical & managerial talent across its operations and continues to create, sustain the environment that brings out the best in our people with emphasis on training, learning & development. It aims at career progression and fulfilling satisfactory needs. Performance is recognized and rewarded through up gradation & job enrichment, performance incentives.

However the company is under the Insolvency Process all the directors and employee are suspended.


The Companys board of directors are responsible for the matters stated in section134 (5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities;

In preparing the financial statements, management is responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The board of directors are also responsible for overseeing the Companys financial reporting process.


As per the latest Audited Accounts of the Company as at March 31, 2023 the paid up equity share capital of the Company is Rs. 9,19,95,000/- (Rupees Nine Crore Nineteen Thousand Ninety five Thousand ) and net worth of the Company is Rs. -5,74,06,892 (Rupees Minus Five Crores Seventy Four Lakhs Six Thousand and Eight Hundred Ninety Two Only) which is below the threshold limit as specified under the said regulation.

Provision of Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended are not applicable to our Company for the quarter and year ended March 31, 2023.

By Order of Board of Directors
For Max Alert Systems Limited

Rakesh Kumar Tulsyan

Resolution Professional

In the matter of Max Alert Sytems Limited

Reg. No.:IBBI/IPA-001/IP-P01144/2018


B-4, Vinay Tower, Kranti Nagar,

Lokhandwala, Kandivali East,

Mumbai 400 101


Tel.: +91 99694 10171

Date: 08.08.2023


Place: Mumbai

Josephluis J. Dsouza
Managing Director
(DIN: 01186915)