PRAKASH CERAMICS LIMITED
ANNUAL REPORT 2011-2012
MANAGEMENT DISCUSSION AND ANALYSIS
Annexure to Directors Report
The company is confident in spite of the possible recessionary conditions
in the industry it will perform better in view of the strong fundamentals
of the Indian companies and hope to improve its Turnover.
Internal Controls Systems and their adequacy:
The company has adequate internal control systems to ensure operational
efficiency, protection and conservation of resources, accuracy and
promptness in financial reporting and compliance of law and regulations.
The internal control system is supported by the internal audit process. The
Internal Auditor reviews and ensures that the audit observations are acted
upon. The Audit Committee of the Board reviews the Internal Audit reports
and the adequacy and effectiveness of internal controls.
The relationship with the employees continues to be cordial. The Company
recognizes the importance and contribution of its employees for its growth
and development and constantly endeavors to train nurture and groom its
people The Company puts emphasis on attracting and retaining the right
talent. The company places emphasis on training and development of
employees at all levels and has introduced methods and practices for Human
Statements in this Management Discussion and Analysis describing the
companys objectives, projections, estimates and expectations may be
forward looking statement within the meaning of applicable laws and
regulations. Actual results might differ materially from those either
expressed or implied.
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