Sancia Global Infraprojects Ltd Management Discussions.
1. INDUSTRY STRUCTURE DEVELOPMENTS AND OUTLOOK
The main business of our company is to give on hire, equipments to companies engaged in construction activities particularly in construction of road, building and port. Thus the activities of the company are affected by the conditions in the infrastructure industry. Construction activity is an integral part of a countrys infrastructure and industrial development. It includes hospitals, schools, townships, offices, houses and other buildings; urban infrastructure (including water supply, sewerage, and drainage), highways, roads, ports, railways, airports, power systems; irrigation and agriculture systems; telecommunications etc.
2. RISKS CONCERNS AND RISK MITIGATION OBJECTIVE
Sancia Global Infraprojects Limited has implemented risk management framework to achieve the following objectives:
(a) Strategic: High-Level goals, aligned with and supporting its mission.
(b) Operations: Effective and efficient use of its resources.
(c) Reporting: Reliability of financial reporting.
(d) Compliance: Compliance with applicable laws and regulations.
Risks are assessed and ranked according to the likelihood and impact of them occurring. Existing controls are assessed and mitigation measures discussed.
Risk are assessed and reviewed regularly at top level and risk mitigation measures taken promptly to address any adverse situation.
3. THE EXCHANGE RATE FLUCTUATIONS MAY HAVE IMPACT ON THE PERFORMANCE OF THE COMPANY
Presently the company is not exposed to exchange rate fluctuations, however uncertainties in the global financial market may have an impact on the exchange rate between Rupees vis--vis other currencies. The exchange rate between the Rupee and other currencies is variable and may continue to fluctuate in the future. Such fluctuations can have an impact on revenue patterns.
4. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has an in-house internal audit department which examines and ensures adequate internal checks and control procedures. It also ensures proper accounting, records authorization, control of operations and compliance with law.
5. DEVELOPMENTS IN HUMAN RESOURCES:
The Companys ability to enhance its human resource competencies will be even more critical. It is challenge that is being addressed through several structured initiatives.
6. CAUTIONARY STATEMENT:
Certain statements made in the Management Discussion and Analysis Report relating to the Companys objectives, projections, outlook, expectations, estimates, etc may constitute forward looking statements within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc, whether express or implied. Several factors could make significant difference to the Companys operations. These include climatic conditions and economic conditions affecting demand and supply, government regulations and taxation, natural calamities, etc over which the company does not have any direct control.
|For Sancia Global Infraprojects Limited|
|By Order of the Board of Directors|
|SARITA DEVI GOYAL|
|Date: August 14, 2019|