nepc agro foods ltd Management discussions

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)

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

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Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

nepc agro foods ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

MARKET

IDEAS

MUTUAL FUNDS

TRADING DOCUMENTATION

CALCULATOR

GLOSSARY (A-Z)

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.