MANAGEMENT DISCUSSION AND ANA1YSIS 1. INDUSTRY STRUCTURE AND DEVELOPMENTS: As of now the Company is not engaged in any activity and the management is looking for a right opportunity to make the Company operational. 2. OVERALL REVIEW: Due to scarcity of working capital funds, the Company is not able to do any business. To make the Company operational, the board is making its best effort to implement the cost reduction measures, to the extent feasible. Several cost cutting measures have already been undertaken by the Company. 3. RISK AND CONCERNS: The Company's future development will depends on when the Company becomes operational. 4. INTERNAL CONTROL SYSTEM AND ITS ADEQUACY The Company is following a proper and adequate system of internal controls in respect of all its activities. Further all transaction entered into by the Company are fully authorised, recorded and reported correctly. 5. FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE: During the year under review, the Company did not carry out any activity. For and on behalf of the Board FOR EVERGREEN TEXTILES LIMITED [RAJENDRA M.BOLYA] DIRECTOR DIN:00086395 Place: Mumbai Date:30.05.2014 |