TRIPEX OVERSEAS LIMITED
ANNUAL REPORT 2005-2006
MANAGEMENT DISCUSSION AND ANALYSIS
As required under Clause 49 of Listing Agreement, a Management Discussion &
Analysis report is given below:
INDUSTRY STRUCTURE AND DEVELOPMENTS:
Your company is engaged in the business of manufacturing and trading of
wide range of organic chemicals used as dyes and intermediates in the
textile, pharma and colour industries. The products are sold in both in
domestic and export market. The products of your company are mostly
industrial inputs and customers are industries which are engaged in
business of Bulk drugs, textile, packaging, petrochemicals, inks etc.
During the year under review performance of your company has been
encouraging. Due to improvement in domestic market your company has
achieved tremendous level of turnover. Your directors are hopeful to
achieve better growth in export market for its dyes intermediates. Your
directors are hopeful that the company is in position to compete in the
OUTLOOK ON OPPORTUNITIES, THREATS, RISK AND CONCERNS:
As far as the future outlook is concerned, the company is expects to
increase the scope of the business in the future, considering the fact that
industrial growth of textile is picking up. The company is planning to
expand its existing export Market.
In view of present liberalised textile policy of Central Government the
Company has excellent opportunity to perform better in future.
As considering the threats & risks factors, Government set up and the
policies looking at WTO regime, may effect the performance of the Company.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
Your Company is committed to maintaining high standards of internal
controls designed to provide accuracy of information, efficiency of
operations, and security of assets. The company has adequate internal
controls commensurate with the size and nature of its operations to ensure
orderly and efficient conduct of business.
These controls ensure the safeguarding of assets, prevention and detection
of fraud and error, the accuracy and completeness of the accounting
records, timely preparation of reliable financial information and adherence
to companies policies, procedures and legal obligations. The audit
committee of the Board of Directors meets periodically to review the
performance as reported by the auditors:
The companys Income for the Financial Year 2005-06 is Rs.1983.47 Lacs. The
Company has earned net profit after tax of Rs. 220.90 Lacs. Net sales have
increased by 441% to Rs.1933.55 Lacs compared to Rs.357.37 Lacs of the
The company continues to have harmonious and cordial relations with its
employee at all locations. Induction programmes are held for new employee
and training program and workshop are held both at global and local levels
to sharpen the skill of the staff. The company is currently engaged in the
implementation of strong HR practices and systems, comprising recruitment
procedures, performance appraisals, compensation, reward system and
The companys rich intellectual capital, supplemented by new HR practices,
is expected to improve its operational efficiencies leading to sustainable
Management Discussion and Analysis report are based on certain assumptions
and expectations of future events. The Company cannot guarantee that these
assumptions and expectations are accurate or will be realized by the
Company. Actual results could differ materially from those expressed or
implied. Important factors that could make a difference to the Companys
operation include global and Indian market conditions, Government set up,
changes in the Government Regulations, Tax regimes and such other factor.
The Company assumes no responsibility to publicly amend, modify or revise
any of these statements on the basis, of any subsequent developments,
information or events.
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