United Textiles Ltd Management Discussions.

MANAGEMENT DISCUSSION AND ANALYSIS

The Spinning Yam Industry is a lifeline in Textile Business of India The majority of employement in India is absorbed by Textile Industry. Keeping in view of its importance the Govt has constituted a separate Department under Textile Mnistry. The Govt has also constituted a Technology upgradation Fund (TUF) by which Concessional Loan / subsidy is granted by Govt, through its various nodal agencies for upgradation in technology.

The main Raw Material is cotton, which is based on Agricultural production of Cotton. The Production is dependent on Moonsoon. In Indian climatic condition the moonsoon is always an unpredictable factor. Sometimes there is heavy rainfall & sometime the drought situation is created, which affects the production of Cotton to a great extent creating prices. However, the company have some what managed situation & earned profit during the year.

PARTICULARS OF EMPLOYEES

During the year there was no employee in respect of whom information as per section 217 (2A) of the Companies Act, 1956 is required to be given in the Directors Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

As required by the companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 the relevant data pertaining to conservation of energy, technology absorption and foreign exchange earning and outgo are given in annexure forming part of this report

FIXED DEPOSIT:

The Company has not accepted any deposit within the meaning of section 58-A of the Companies Act, 1956, and the Companies (Acceptance of Deposits) Rules, 1975.

LISTING OF SECURITIES:

The Securities of the Company is listed on Stock Exchanges at Mumbai. The Listing Fees have beer paid up to 31-03-2012

INSURANCE

All the properties and insurable interests of the Company Plant & Machinery and Stock wherever necessary and to the extent required have been properly insured.

DIRECTORS RESPONSIBILITY STATENENT:

(i) That in the preparation of the annual accounts

(ii) That the directors had selected such accounting policies and applied them cerstentjy and made judgement and estimates that are reasonable and prudent so as to give a ture and fair view of the state of affairs of the company at the end of the financial year and of the Profit of the company

(iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safegaurd preventing and detecting fraud and other irregularities

(iv) That the directors had prepared the annual accounts on a going concern basis

AUDITORS REPORT:

The points stated in the Auditors

DIRECTORS:

In accordance with the requirement of the companies Act, 1956 and the Articles of Association of the Company

Smt. Shalini Aggarwal & Sh. Hans Raj Gupta retires by rotation and bang eligible offer himself for re-appointment