The Company has already implemented a Code of Conduct for all Board Members and Senior Managements of the company in compliance with Clause 49 (1) of the Listing Agreement. But, since the operations of the Company were not much, the application of the code of conduct was limited to that extent
Management Discussion And Analysis
Overall review, industry Structure and Developments:
The Scenario and situation is compounding by factor like political instability and emergence of low cast for out sourcing business. It is excepted that growth will come mostly in organic way.
Opportunities and Threat
Your Company, with its diversified portfolio of investments and trading strategy with available liquid funds was particularly well placed to benefits on improvement in the sentiment in market.
The Company has earned Net Loss of Rs. (69778.12) for the year 2012-13 as compared to a Net Profit of Rs. 93794.37 in the previous year 2010-11. The company’s has made profit in the year under consideration basically due to volatile market.
Internal control System
The Company has an adequate system of internal control, which assures us of maintaining proper accounting records and reliability of financial information. The Company ensures adherence to all internal control policies and procedures as well as compliances with regulatory guidelines.
The Company has a team of able and experienced industry professionals. There is in place a well defined in – house raining program for its employees. Since the Company is not having manufacturing activities, hence the HRD was not formed.
|Profit (Loss) before Tax||-69,778||93,794|
|Provision for Tax – FBT||0||–|
|Profit (loss) after Tax||-69,778||93,794|
|Prior Period Adjustments||–||0|
|Balance Brought forward||-6562210.29||-6656004.76|
|Balance carried to Balance Sheet||-6631988.41||-6562210.39|
The statements in this report including Management’s Discussion and Analysis report reflects Company’s projections, estimates, expectations or predictions and contain forward looking statements that involve risks and uncertainty. The Company and the Management shall not be held liable for any loss, which may arise as a result of any action taken on the basis of the information contained herein. Readers are cautioned not to place undue reliance on these forward looking statements that speak only of the expectations as on the date.