Milton Industries Ltd Management Discussions.

Forward-Looking Statements:

This report contains forward-looking statements based on certain assumptions and expectations of future events. The Company, therefore, cannot guarantee that these assumptions and expectations are accurate or will be realized. The Companys actual results, performance or achievements can thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.

Structure And Developments:

To concentrate on our basic strength to keep on renovations and innovations along with our Research & Developments. Apart from rigorous quality checks at different levels like raw material, intermediate and finished goods, we are having a strong presence on PAN India basis right from top north to extreme south and from seven sisters states to western states including Union Territories.

The global presence in more than 20 Countries for export market & very rich experience in Indian Railways as Class One Suppliers for more than 25 years. Simultaneously even to their OEM (Original Equipments Manufacturer) of Indian Railways.

All the about because of the rich experience of the directors since last 32 years. Even in our industry with our competitors we are having a healthy competition & distinguish positions with Manufacturers Associations and on other forum for the welfare of the industry and customers.

Opportunities, Threats, Risks And Concerns:

Globally and within India at rural and semi-rural markets we are penetrating successfully for our Quality and Brand Image. However there is a tough competition as more than 100 manufacturers on PAN India basis.

We are trying to introduce new modified and alternate materials in place of metals in Indian Railways which is quite well accepted.

Internal Controls And Their Adequacies:

The internal control system is intended to increase transparency and accountability in an organizations process of designing and implementing a system of internal control. They have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, complying with applicable statutes, safeguarding assets from unauthorized use, executing transaction with proper authorization and ensuring compliance of corporate policies.

Human Resources/ Industrial Relations:

The Company believes and recognizes that its employees are a vital resource in its growth and to give competitive edge in the present business scenario. The company have been consistently investing in employees across all levels, in various ways. The Company takes pride in the commitment, competence and dedication shown by its employees in all areas.

For and on behalf of the Board

Milton Industries Limited

Sd/-

Vijay pal Jain

Managing Director-Chairman

(DIN: 00343712)