MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report on the business of the Company as applicable and to the extent relevant is given below:

INDUSTRY STRUCTURE AND DEVELOPMENT:

During the financial year ended March 31, 2015, your Company was mainly engaged into the wholesale trading of commodities such as steel, bitumen, polymer etc. The Company has mainly imported the commodities from China, Middle East Countries and other Asian Countries.

STRENGTH, WEAKNESS, OPPORTUNITIES AND THREATS:

The Company is in the business of trading in commodities for last four decades, which has made it a well known business house in the market in which the Company trades.

The business of the Company is affected mainly because of intense competition in the Global Markets.

The major threat would be slow down in the Indian as well as Global Economy or change in Economic Policies of the Indian Government.

RISK AND CONCERNS:

This section lists forward-looking statements that involve risks and uncertainties.

1. Our revenues and expenses are difficult to brdict and can vary significantly from period to period.

2. We may not be able to sustain our brvious profit margins or levels of profitability.

3. The economic environment, pricing brssures etc. can negatively impact our revenues and operating results.

4. We are mainly dealing with traders in China, Korea, Middle East Countries etc. So, economic slowdown or other factors that affect the economic health of these Countries may affect our business.

5. Currency fluctuations may affect the results or our operations.

6. Intense competition in the market can affect our pricing.

7. Changes in the policies of Government or political instability could impede liberalization of the Indian Economy and adversely affect economic conditions in India generally, which could impact our business and prospects.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has a ideal internal control system in every area of its operations. The internal control system is commensurate with the size and nature of its business. Further the Company has appointed M/s Ravi Seth & Co. as "Internal Auditors" to ensure effectiveness of internal control system. The Company mitigate the lapses in internal control system, if the same are observed by the Internal Auditors.

FINANCIAL AND OPERATIONAL PERFORMANCE

The financial statements have been brpared in compliance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles in India. Focus areas for the year included enhancing the business continuity and disaster recovery planning by framing different strategies, plans and obtaining reviews from the regular clients.

HUMAN RESOURCES AND INDUSTRIAL RELATION:

The Company's philosophy is to establish and build a high performing organization, where each individual is motivated to perform to the fullest capacity: to contribute to developing and achieving individual excellence and departmental objectives and continuously improve performance to realize the full potential of our personnel. Industrial relations are cordial and satisfactory.

CAUTIONARY STATEMENT:

Some of the statement contained within this Report may be "forward looking" in nature and may involve risks and uncertainties. The statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Company's actual results, performance or achievements could thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events.