Management Discussion and Analysis is given in a separate section forming part of the Directors
Report in this Annual Report.
1. INDUSTRY STRUCTURE & DEVELOPMENT
As mentioned at Sr. No. 2 of the Directors Report, the Management has decided to dispose off the undertaking of the Company. In view of this, there is no comment on Industry Structure and Development.
2. OPPORTUNITIES
The factory was closed since 30th June, 2019 and there is no business transected by the company.
3. THREATS
It is difficult to estimate the revival period of the Company.
4. SEGMENT WISE PERFORMANCE
The Company was engaged in job contract of Biscuits. The factory was closed on 30th June, 2019 and the management has decided to dispose off the undertaking of the Company. The turnover till 30th June, 2019 was Rs. 10,232,644/-. After 30th June, 2019 there is no business transected by the Company.
5. OUTLOOK
The outlook appears to be bleak.
6. OTHERS
For Risk and Concern, Inter Control System and their Adequacy, Financial Performance with respect to operation performance, Material Development in Human Resources/Industrial Relations front, including number of people employed please refer to the Board Report.
A. PARTICULARS OF REMUNERATION FOR THE FINANCIAL YEAR 2020-21
As required under Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:
i.The ratio of the remuneration of each director to the median remuneration of the employees
Name of Director | Designatio n | Remuneration of the Directors for 2020-21 (Rs. in Lacs) | Median remuneration of the employees (Rs. in Lacs) | Ratio of remuneration of the directors to the median remuneration of the employees |
Not Applicable |
ii.The percentage increase/ (decrease) in remuneration of each Director
Name of Director | Designation | Remuneration paid during 2020-21 | Remuneration paid during 2019-20 | % decrease / increase in remuneration |
Mr. Nirav Shah | Managing Director | 8.64 | 8.64 | 0.00 |
iii.The percentage increase in the median remuneration of employees in the financial year 2020-21: NIL
iv.No. of Permanent employees on the rolls of Company as on 31st March, 2021 1
v.Company confirms that the remuneration is as per remuneration policy of the Company.
B. PARTICULARS OF EMPLOYEE
Information in terms Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:
i. Particulars of top Five Employee in terms of remuneration drawn
Name & Designation of Employee | Remunerati on Received (Rs. in Lakhs) | Nature of Employment | Qualification s | Experie nce | Date of Commenceme nt of Employment | Age | No. of Equity Shares held |
Pradip R Shah | 3.17 | Permanent | B. Com | 34 years | 01/08/1984 | 60 | 100 |
ii. Employees who are employed throughout the year and in receipt of remuneration aggregating
Rs. 1,02,00,000/- or more per year: Nil
iii. Employees who are employed part of the year and in receipt of remuneration aggregating Rs. 8,50,000/- per month: Nil