Today's Top Gainer
Note:Top Gainer - Nifty 50 More
Your Directors are pleased to present the Management Discussion and Analysis Reports for the year ended March 31, 2018 as under:
The short-term growth prospective is also good according to IMF, the Indian economy is the "bright spot" in the global landscape, India also topped World Banks growth outlook. India has the highest loom capacity (including handlooms) with 63 percent of the worlds market share India accounts for about 14 percent of the worlds production of textile fibres and yarns (largest producer of jute ,second largest producer of silk and cotton ;and third largest in cellulosic fibre.
The Board of Directors, with their expertise in the different aspects of the industry as well as their countless experiences. Successfully implemented various expansion schemes in the past with in-house expertise. Products are well accepted in the market. With the implementation of the project, the company does optimum utilization of the facilities. Organization set-up with experienced and well-qualified employees. Strong marketing network with low selling and distribution costs.
Opportunities and Threat:
The good news is that the advanced economies overall will perform more strongly and contribute more to global growth. The fundamental strength of the textile industry in India is its strong production base of wide range of fibre/yarns from Natural fibres like cotton, jute, silk and wool to synthetic /man - made fibres like polyester, viscose, nylon and acrylic.
The Company is engaged in the business of Textile industry. During the year under review, the industry faced various challenges due to global and economic slowdown. The company has been now focusing on the Textile projects in and around the city of Mumbai.
The year 2017-18 was a challenging year from business prospective. Meager domestic demand growth, increased imports and volatile raw material prices put increased pressure on margins, with crude oil prices and petrochemicals prices having stabilised and tight situation in cotton supplies the demand should improve the current year.
Internal control System:
The Company has a proper and adequate internal control system to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and those transactions are authorised, recorded and reported correctly. The internal control is exercised through documented policies, guidelines and procedures. It is supplemented by an extensive program of internal audits conducted by in house trained personnel. The audit observations and corrective action taken thereon are periodically reviewed by the audit committee to ensure effectiveness of the internal control system.
People are the key enablers in translating growth aspirations into reality. The human resource is considered as the most valuable asset of the company. The company has required combination of skilled and unskilled employees due to its business need. These employees are putting their efforts to create the quality product of international standard. The company has setup policies to review and reward the performances and potentials of the employees.
|Registered Office:||By Order of the Board of Directors|
|Office No. 1/7001,Plot No.-77,UG/F,||For Triveni Enterprises Limited|
|Gali no.-03,shivaji park,Near Gol Chakkar,||Sd/-|
|New Delhi - 110032.||BhavinNagda|
|Date:- 10th July 2018 .||(Whole Time Director)|