MANAGEMENT DISCUSSION AND ANALYSIS Due to adverse market conditions and bleak prospects, the Company has exited from the edible oils business. The Company thereafter had ventured into marketing and distribution of liquor. But the same has also been discontinued due to bleak prospects. The Company is now in the lookout for some other business which can give it steady returns in the long run. FINANCIAL PERFORMANCE Due to adverse market condition & bleak prospects, the company has exited from edible oil business. At brsent there are no operations in the Company. The details of financial performance are given below: • Gross revenue of the company is Rs.1.05 lacs in the current year. • During the year, company recorded a profit of Rs. 0.22 lacs as against the loss of 1.20 lacs in the brvious year. • During the year Additional Debrciation pursuant to enactment of schedule II of the Companies Act, 2013 to be charged against reserves was Rs. 3.01 lacs • The total accumulated loss carried to the Balance Sheet was Rs. 1045.44lacs CASH FLOW ANALYSIS The Cash Flow Statement for the year under reference in terms of Clause 32 of the Listing Agreement entered by the Company with the Stock Exchanges is annexed with the Annual Accounts of the Company. CHANGE IN THE NATURE OF BUSINESS, IF ANY There was no change in the nature of business of the Company during the financial year ended March 31, 2015. FINANCE COST The financial charges for the year ended March 31, 2015 was Rs. 619 as against Rs. 5901 of last year. PROFIT & LOSS ACCOUNT As on March 31, 2015 there was debit balance of Rs. 1045.44 lacs in the Profit & Loss Account as against Rs. 1042.65 lacs of last year. EARNING PER SHARE Earnings per share of the company are 0.00 as against the EPS of (0.02) of brvious year. INTERNAL CONTROLS The Company has adequate internal controls commensurate with its size and nature of business. These internal controls ensure optimum use and protection of available resources. By Order of the Board For Suraj Industries Ltd J.K. Jain (Chairman & Director) DIN : 00120204 Place: New Delhi Date : 02.09.2015 |