nepc textiles ltd Management discussions

TEXTILES INDUSTRY TRENDS AND DEVELOPMENT

Economic conditions during the year, with specific reference to the Textiles Industry, remained chaotic and the cotton trade globally faced negative trends. Consequently, the Indian economy is also no exception to this scenario during the year under review7.

BUSINESS REVIEW

The Company has not generated any income during the year and operating loss of was Rs. lakhs during the year ended review.

The Company is preparing itself to meet market situation though efficient processes, cost reduction measures, technology up-grades, skill upgrades strict quality policy and expanded service net work.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Companys systems and internal controls address the following:

- Operational efficiency

- Protection and conservation of resources - Accuracy and promptness in financial reporting

- Compliance with laws and regulations

The internal audit department of the Company carries out pre-audit and post-audit checks, reviews and ensures that audit observations are acted upon.

The Audit Committee of the Board of Directors reviews the internal audit reports and the adequacy of internal control

FINANCIAL PERFORMANCE

			(Rs. in lakhs)
Particulars	Year ended 31.03.2015	Year ended 31.03.2014	Year ended 31.03.2013
Gross Income	-	-	93.18
Profit / (Loss) Before Depreciation	(5.05)	(11.33)	51.14
Depreciation	-	-	-
Porfit / (Loss) after Depreciation	(5.05)	(11.33)	51.14
Extraneous Item of Income	-	-	-
Provision for taxation	-	-	-
Profit/(Loss) after taxation	(5.05)	(11.33)	-
Balance Profit/(Loss) Account B/F	(591.94)	(363.64)	(414.78)
Adjustments for Prior Period Items	-	(216.96)	-
Add: B/F of balance General Reserve	-	-	-
TOTAL	(596.99)	(591.94)	(363.64)
Appropnations:-
General Reserve	-	-	-
Capital Work in Progress written off	-	-	-
Balance Profit / (Loss) carried to Balance Sheet	(596.99)	(591.94)	(363.64)

FUTURE OUTLOOK

It is hoped that the Company will be able to regain full operating performance in the forthcoming years. Your Companys widespread network, satisfied clientele, quality manpower, process efficiencies aided by state-of-the-art technology and stringent cost control measures are expected to continue to achieve the same.

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 textiles 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.