BUSINESS REVIEW AND OUTLOOK
During the year under review, your Company has sustained an increase in the sales turnover as compared to the previous year due to favourable market trends and yield factor. It is hoped that the market trends would become favourable and the Company will be able to achieve higher sales and operating performance in the coming year(s).
TRENDS AND DEVELOPMENT
Due to good monsoon in the current seasonas well as improvement in economic situation, the domestic market is expected to grow in the coming ycar(s). The yield of tea crop is also expected to result in better output and the price of tea is expected to be reasonably stable and show an upward trend.. It is expected that the Company will achive higher performance during the current year.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Companys systems and internal controls address the following:
- Operationa l efficiency
- Protection and conservation of resources - Accuracy and promptness in financial reporting -Complianc e with laws and regulations
The Audit Committee of the Board of Directors reviews the internal audit reports and the adequacy of internal controls.
FINANCIAL PERFORMANCE | (Rs. in lakhs) | ||
Particulars | Year ended 31.03.2016 | Year ended 31.03.2015 | Year ended 31.03.2014 |
Income from Operation | 67.66 | 60.00 | 81.80 |
f | |||
Other Income | - | - | c t |
Operating Expenses | 68.12 | 58.72 | 80.47 |
Operating Profit /(loss)before Depreciation | - | - | - |
Depreciation | - | - | |
Profit / (loss) before extra -ordinary items | (0.46) | 1.17 | 1.33 |
Extra-ordinary items + / (-) | - | - | |
Provision for Taxation (Fringe Benefit Tax) | - | 1.17 | 1.33 |
Profit (loss) after taxation | (0.46) | - | |
Balance Profit / (Loss) Brought Forward | (2176.45) | (2237.62) | (2238.95) |
Net Profit / (loss) carried to Balance Sheet | (2176.92) | (2176.45) | (2237.62) |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.