Today's Top Gainer
Note:Top Gainer - Nifty 50 More
1. OPERATING RESULTS OF THE COMPANY
During the Financial Year under consideration the performance of the Company was good. Net Profit for the year 2017-18 stood at Rs. 3,607,768 as against Net profit of Rs. 3,248,400 in the year 2016-17. Furthermore the total Revenue from operation for the year ended March 31st, 2018 stood at Rs. 222,467,462/- as compared to Rs. 88,037,253/- revenue for the year 2016-17.
2. INDUSTRY STRUCTURE AND DEVELOPMENT
The Indian film industry is witnessing increased corporatization and several companies, especially those in film distribution and exhibition. The country is today producing some of the finest films based on varied subjects and winning accolades on all counts.
i. The television industry is witnessing the mushrooming of more niche channels. Here again, emerging technologies such as broadband, 0TH, IP and digitalization will bring about more growth.
ii. Technology is changing the rules of the film industry just as it did for the music industry. With the growing interest from consumers to get movies and video content in different ways with different options, filmmakers and distributors are turning to technology to meet their demands. New technology like Windows Media 9 Series strives to achieve higher quality, greater efficiency, and greater audience reach all while driving down costs. All of these benefits open up new distribution opportunities to the film industry.
i. With the increase in business segment, the competition has increased from Domestic and other developed countries. ii. Threats for this Industry are very common and every person is aware of the threats and the risks involved with this Industry.
5. PROSPECT & OUTLOOK
The management is of the view that the future prospects of your company are bright and the performance in the current year is expected to be very well. The committed customers of the company are expected to place more orders, which ultimately affect the top line of the company, positively. Companies Product like Agarbatti, Dhoop Batti, Tea and DVDs, Pendrive and books of Spirtual januor have very high scope and demand for the next 20 years. The Software of films and serials which the company possesses are of high demand and will continue to give high value to the share holders. The Company is in the process of acquiring 2000hrs of spiritual Januor library in the next financial year and image rights of Serial "Sai Baba" and serial "Sai Bakhton ki Sachi Khaniyan" and Sprititual Talk Shows.
6. RISKS AND CONCERNS
The Company has taken adequate preventive and precautionary measures to overcome all negative factors responsible for low trend to ensure steady growth.
7. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY
There are well-established procedures for Internal Controls for operations of the Company. The finance & audit functions are well equipped with professionally experienced qualified personnel & play important roles in implementing the statutory obligations. The Company has constituted Audit Committee for guidance and proper control of affairs of the Company.
8. HUMAN RESOURCES
Human Resources are highly valued assets at Orient Tradelink Limited. The Company seeks to attract, retain and nurture technical & managerial talent across its operations and continues to create, sustain the environment that brings out the best in our people with emphasis on training, learning & development. It aims at career progression and fulfilling satisfactory needs. Performance is recognized and rewarded through up gradation & job enrichment, performance incentives.
|Place: New Delhi||For on behalf of the Board of Directors|
|Date: 27/08/2018||M/s. Orient Tradelink Limited|
|(Mahesh Kumar Verma)||(Sunil Arora)|
|DIN: 07892196||DIN: 03517899|