MANAGEMENT DISCUSSION AND ANALYSIS

Industry Structure & Development

The Company is into trading of various types of Monofilament yarn, fish-nets, fish crates, fish net cord, ropes, fishing hooks which are used in fishery industry, The Industry structure consists of both organized and unorganized sectors.

Opportunities & threats

As the fishery industry is one of the growing industry, there are lots of opportunities for products used by the Fishery industry i.e fish-nets, fish crates, fish net cord, ropes, fishing hooks. It appears there are lot of challenges in reviving the business in view of negative Net worth, accumulated losses, inability to raise funds etc.,

Outlook:

Company is evaluating various opportunities and suitable business opportunities which improve the operations of the company. .

Risks and Concerns:

The competition from the domestic unorganized sector could be considered as a risk for its domestic sales .

Internal control systems andtheir adequacy

Given the current size of operations of the Company reasonable internal control have been put in place.

Discussion on financial performance with respect to operational performance

During the year under review Company's total income is Nil and has incurred a loss of Rs 2,52,806.35/-.

Material developments in Human Resources /Industrial Relations

Currently entire operations are being managed by the Managing Director and Company has no other employees.