Royal Cushion Vinyl Products Ltd Management Discussions.
INDUSTRY STRUCTURE AND DEVELOPMENT:
The Company is primarily engaged in manufacturing of PVC products which are widely used for household, offices, shops, health club, Automobiles etc. The Company has developed various new products.
OPPORTUNITIES AND THREATS:
The Company is amongst the market leaders in PVC vinyl flooring segment with introduction of new products, various productivity improvement initiatives and improved manufacturing processes, the performance of the Company will improve in the following years.
SEGMENT WISE OR PRODUCT WISE PERFORMANCE:
The Company engaged only in one segment i.e. PVC products
With the introduction of high value added products, the Company is optimistic about the growth in the coming years.
RISKS & CONCERNS:
The main cause of concern is cheaper imports of finished products. The Company is focusing on shifting the product mix towards the high end product for better realization.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
There are documented and well established operating procedures in the company. The finance function of the company is also adequately staffed with qualified and experienced personnel.
DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
To achieve its business and financial objectives, the Company focuses on initiatives to drive growth. The Company seeks to capture significant opportunities for growth by identifying and meeting consumer needs with in its core categories.
MATERIAL DEVELOPMENTS IN HUMAN RESOURCE/INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED.
The Company places special emphasis on the human resources function in the organization and building strong relationship and establishing its brand in the market to attract and retain best talent. The Company consistently engages with employee to receive their feedback through group discussions etc. Based on the feedback , several positive changes are introduced in practice to provide a holistic experience. The total number of employees as on 31st March 2019 stood at 186.
The Information and opinions expressed in this Report may contain certain forward-looking statements, which the management believes are true to the best of its knowledge at the time of its preparation. Actual results may differ materially from those either expressed or implied in this Report.