Olympic Management & Financial Services Ltd Management Discussions

OVERVIEW

The company is looking for profitable ventures as its main area of functioning. The company has decided to setup a conflict management centre to provide services in the area of mediation, conciliation and other alternative dispute resolution mechanism to corporate and other concerns.

FINANCIAL HIGHLIGHTS

INDUSTRY STRUCTURE AND DEVELOPMENT

The company is rendering services mainly to SME Sector. The enquiries for new project assignments in SME sector is likely to pick up and there is good potential in times to come.

As we had observed in the past that it has become difficult for small merchant banking companies and consultancy outfits to survive. The global consulting firms made inroads in our country. All these factors have made it difficult for the industry to grow. The trend, however, is becoming clear and only those companies will survive which are par excellence in their core field.

CONSULTANCY

The consultancy for restructuring, amalgamations, merger, Demergers, spin-off etc. have suddenly developed. Your company has plans to focus on these are as with consultancy in projects, fund raising, public offerings and dispute resolutions services. The same is likely to show result after the establishment to National Company Law Tribunal which has now become reality.

FINANCE AND INVESTMENT

The area of finance and investment is likely to see upward trend. However, all investments made through bought out deals, devolvements in underwriting commitments etc. have severally affected the financials of the company.

OPPORTUNITIES

Consulting in restructuring, amalgamation etc. Project consultancy Financial consultancy Liaison activities Conflict Management Services Diversification plans

THREATS

Large over head Competition from big firms Recovery of fees Branding

FUTURE BUSINESS OUTLOOK

In this information age, knowledge is power. Timely and accurate information is sought by a number of companies. A large number of companies are looking for diversification plans, as their existing activities are no more profitable. The company plans to make such services available to its constituents in times to come.

INTERNAL CONTROL SYSTEMS

The level of activities of the company at present is quite low. Keeping in view the scale of operation, size of the company, and cost aspect, the company has reasonably good internal control system to ensure that all its assets are safeguarded and protected against loss from unauthorized use or disposition and transaction are authorized, recorded and reported correctly. The internal control systems are also designed to ensure that the financial and other records are reliable, for preparing financial statements and other data.

RISKS AND CONCERNS

The business of the company largely depends on the improvement of investment climate, growth of medium scale sector and pooling of resources by the company. The company will endeavour its best to capitalize on its strengths and improve upon its weak areas.

HUMAN RESOURCES DEVELOPMENT

Rather than recruiting permanent employees, the company will prefer to outsource various Services based on assignments in hands. This will minimize the risk and keep the overheads at reasonable level.

CAUTIONARY STATEMENT

Some of the statements made above are stated as required by applicable regulations. While they are based on the data available and the bonfire judgment of the management, the actual result may be affected by various factors, which may be different from what your management envisages in terms of future performance & outlook.

For and on behalf of the Board of Directors

For Olympic Management & Financial Services Limited