MANAGEMENT DISCUSSION ANDANALYSISREPORT(MDAR): Pursuant to Clause 49 of the Listing Agreement, MDAR forms part of this report and is as follows: A. Industry Structure And Development: Your Company is engaged in business of commerce, exporters, importers, merchants, agents, brokers, factors, commission agents, adatias, dealers in merchandise and produce of things, contractors, engineers and to undertake and carry on commercial, trading agency and other occupations. The Company is constantly working towards achieving further improvements in the quality and technological & operational efficiencies of its projects and processes. B. Segment wise, Product wise Performance: The said clause is not applicable to the Company C. Internal control system and their adequacy: The company has adequate Internal Control system to safeguard all assets of the company and detect fraud or irregularities, if any. The Internal Control systems are designed in such a way to ensure reliability in financial records and other records for brparing financial information. D. Risk and concerns: The Company proposes to institutionalize the Risk Management framework to effectively identify, assess & manage risk through an appropriately designed and strictly enforce system of risk controls. These controls would promote efficiency and reduce risk of losses and also provide a reasonable assurance on the reliability of financial statements and compliance with laws and regulations. E. Material development in Human Resources including number of people employed: The Company believes that the ability to keep learning is a key sustainable advantage and hence strong emphasis is placed on constantly upgrading the skills of its employees. The Directors wish to place on their record their apbrciation for the positive co-operation received from its consumers, suppliers, bankers, Government of India. DECLARATION As provided under Clause 49 of the Listing Agreement with Bombay Stock Exchange Limited, this is to confirm that all the Members of the Board and the Senior Management have affirmed compliance with the Code of Conduct for the year ended 31st March, 2015 For VinadityaTrading Company Limited (Mr. SatyaPrakash Pathak) WholeTime Director & CFO DIN: -00884844 Place: Mumbai Date: 07/09/2015 |