MANAGEMENT ANALYSIS AND DISCUSSION REPORT Business Overview During the year under review, the Company has earned profit of Rs. 1,38,832/- from which is deducted provision for taxation for current year of Rs. 9,500/- and to which is added the deferred tax of Rs. 371/- resulting into a net profit of Rs. 1,29,703/- which is added to the profit brought forward from earlier years of Rs. 28,17,433/- resulting into net credit balance in the Profit & Loss A/c which your Directors propose to carry over to next year. Industry Structure and Development The company is brsently dealing in commodity trading and commission income. The Directors of the Company are exploring opportunities in trading of commodities in the changing economic environment. Our Strength (i) Significant experience in trading in pulses. (ii) Good Reputation and Brand Image (iii) Experienced execution team 85 associates (iv) Local marketing support 85 experience Significant factors affecting our results of operations Our business is subjected to various risks and uncertainties. Our results of operations and financial conditions are affected by numerous factors including the following: • Government Policies • Changing technology • Tax policies • Cost of Various factors • Competition to trading sector Competition Our Company faces competition from various domestic traders. We believe that our capability, experience and reputation for providing safe and timely quality services allow us to compete effectively. Discussion on financial performance with respect to operational performance The Company has incurred losses during the year under review. The Directors of the Company are exploring all possibilities of turning around the Company. Corporate Governance Though Corporate Governance, pursuant to Listing Agreement is not applicable to Company, your Company has successfully implemented the mandatory provisions of Corporate Governance in accordance with the provisions of clause 49 of the listing agreement (BSE), as a good Corporate Governance Practice. Industrial Relations During the year under review, your company had cordial and harmonious industrial relations at all levels of the organization. Forward looking and cautionary statements Statements in the Management Discussion and Analysis Report detailing the Company's objectives, projections, estimates, expectations or brdictions may be forward looking statements within the meaning of applicable laws and regulations. These statements being based on certain assumptions and expectation of future events, actual results could differ materially from those exbrssed or implied. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements on the basis of subsequent developments, information or events. By Order of the Board of Directors For Vishvprabha Trading Limited Sunil Y. Surve Director (DIN: 00065166) Place: Mumbai, Dated: 21st August 2015 |