MANAGEMENT DISCUSSION AND ANALYSIS REPORT Industry Structure and Development: The Company has stopped all its manufacturing activities at its plant at Raipur. The only option available to the Company is to diversify into some other business activity leading to growth and profitability of the Company. As the new area of operation is still under consideration, your Directors are unable to comment on the future prospects of the Company. Outlook: As the Company has stopped all its manufacturing activities, your Directors are unable to comment on the future prospects of the Company. Risk and Concerns: As the Company has stopped all its manufacturing activities, your Directors do not have any comments to offer. Internal Control Systems and their adequacy: Your Company continues to place considerable emphasis and efforts on the internal Control systems. Monthly internal audits, limited reviews by statutory auditors and meetings of Audit Committees focus on quality of the internal checks and balances in the finance and accounting aspects. |