rajesh malleables ltd Management discussions

MANAGEMENT DISCUSSION AND ANALYSIS

1. Overall Review:

The overall performance during the financial year 2013-14 has not been satisfactory.

2. Financial Review:

Total turnover for the year ended 31^st March, 2014 was Rs. 158.28 lacs. This increase was mainly on account of trading activity.

3. Internal Control System and their adequacy:

Considering the size of the company, your company has adequate system of internal control to provide reasonable assurance that assets are safeguarded and protected from unauthorized use or deposition.

4. Business Environment:

The Performance of the company for the year under review was not up to the mark.

5. Risk and Concern:

The building, plant and machinery, vehicle and stocks of the company are adequately insured.

6. Cautionary Statement:

Statements in this report on management Discussion and analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations. The Company assumes no responsibilities in respect of forward looking statements which may be amended or modified in future on the basis of subsequent developments, information of event.

	BY ORDER OF THE BOARD OF DIRECTORS
Place: Ahmedabad	For, RA:Ek MALLEABLES LIMITED
Date: 14/08/2014	Chairman
	(D1W: 02128656)

RAJESH MALLEABLES LIMITED

CERTIFICATION BY MANAGING DIRECTOR TO THE BOARD

I, Mr. Anuj Mehta, Managing Director of the RAJESH MALLEABLES LIMITED certify that:

1. I have reviewed the financial statements for the year and that to the best of my knowledge and belief:

a. These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading.

b. These statements give a true and fair view of the state of affairs of the company and of the results of operations and cash flows. The financial statements have been prepared in conformity, in all material respects, with the existing generally accepted accounting principles including Accounting Standards, applicable laws and regulations.

2. These are, to the best of our knowledge and belief, no transactions entered into by the company during the year which are fraudulent, illegal or violative of the companys code of conduct.

3. I accept overall responsibility for the company’s internal control system and financial reporting. This is monitored by the internal audit function, which encompasses the examination and evaluation of the adequacy and effectiveness. Internal audit works with all the levels of management and statutory auditors and reports significant issues to the Audit Committee of the Board. The auditors and audit committee are apprised of any corrective action taken with regard to significant deficiencies and material weakness.

4. indicate to the auditors and to the audit committee:

a, Significant changes in internal control over financial reporting during the year.

b, Significant changes in accounting policies during the year;

c, ’ Instances of significant fraud of which we have become aware of and which

involve management or other employees who have significant role in the companys internal control system over financial reporting.

However, during the year there were no such changes or instances.

Date: 14/08/2014 Place: Ahmedabad

uj R. Mehta laging Director

(DIN:02128656)