valson polyester ltd Management discussions

VALSON POLYESTER LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS EXPANSION: The Company continued its project implementation at Demni, U.T. Dadra & Nagar Haveli for manufacturing facility of Texturising / Twisting, Weaving, and Knitting. The Company has raised Share Application Money as stipulated by the Term Lenders from promoters & relatives for further issue of Equity Share Capital for part financing the on going project at Demni. EXPORTS: The Company is steadily developing the Export market for Dyed yarn in Asian countries and expects that the same will expand in the coming years. TAXATION: The Income of Silvassa Unit & Daman Unit is eligible for 30% Tax Holiday under section 80 - IB of the Income Tax Act for the 10th and final year. The Company has made adequate provision for Income Tax liability. The Deferred Tax which is recognized, subject to the consideration of prudence, on timing difference i.e. difference of Income Tax Liability between the period of taxable income and accounting income and are capable of reversal in one or more subsequent periods. Adequate provision has also been made for Fringe Benefit Tax. HUMAN RESOURCES: The Company aims to recruit and retain the quality staff and professional and provide them with high performance environment. The Company has drawn detailed performance management system. The employees are rewarded with performance linked variable pay and rewards. SPECIAL BUSINESS OF AGM: You are request to carry out all items of Special Business to be considered at AGM including the increase of Paid up Share Capital to augment the Companys contribution for implementing Capital Expenditure at Demni.

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ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

valson polyester ltd Management discussions

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