The key areas of management discussion and analysis are given below;
INDUSTRY STRUCTURE AND DEVELOPMENTS
During the year under review, the textile industry in India passed through an adverse phase considering the high cotton prices and foreign imports. However, the future would be more optimistic if input costs remain stable.
Management is in process of finding new markets and business avenues keeping in mind current economic conditions.
FINANCIAL PERFORMANCE
The financial performance of the company for the year under review is discussed in detail in the directors report.
SEGMENT WISE PERFORMANCE
As there is no particular operational activity segment wise performance is not applicable.
RISK MANAGEMENT:
The primary risk for the company is with the unorganized low cost sector. Secondly, import of fabrics has always been a serious concern for the company. Further, with the advancement in technology, the company may be required to make additional capital expenditure for upgrading the manufacturing facilities.
BUSINESS OUTLOOK
The Directors are under the process of exploring other avenues of diversifying into new areas of business.
INTERNAL CONTROLS
Our business continuity program and the design of our processes allow for remote execution with accessibility to secure data. There were no changes to our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting during the period covered in this Annual Report
SUBSIDIARIES
Your Company has no subsidiary Companies.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.