MANAGEMENT DISCUSSION & ANALYSIS REPORT 1. Industry Structure and developments The Company has focused basically on trading of chemicals, electronics, paper, commodity and shares and on power generation during the fiscal.And loans, Inter - Corporate Deposits, dividend from investments have contributed to the other income. 2. Opportunities and Threats Opportunities: The Company is eyeing new products for increasing its trading portfolio. Threats: The Company will face general market competition. 3. Segment wise Performance: The company usually operates three main business segments i.e. Trading, Power Generation and Others. The segment wise information is provided at Note No.28 in Notes to Financial Statements. 4. Outlook: Due to increased focus on the trading activities, the company is confident that as the market conditions are improving, the company will gain in the domestic economy. 5. Risk & Concerns: The company will face market competition. 6. Internal Control Systems and their adequacy: The Company has a adequate system of internal controls that ensures that all the assets are protected against loss from unauthorized use or disposition and all transactions are recorded and reported in conformity with generally accepted accounting principles. 7. Financial Performance and Operational Performance: The company has achieved a total income and turnover of Rs.13,025.49 Lacs and profit after tax is at Rs.414.29 Lacsduring the year ended March 31, 2015 as compared to Rs.7,282.01 Lacs and Rs.161.64 Lacsrespectively for the last financial year. 8. Human Resources / Industrial Relations: Your Company considers its intellectual capital as its most valuable asset. Personnel policies of the Company are designated to ensure fairness to and growth of all individuals in the organization and aim to provide a challenging work environment. The Industrial Relations remained cordial during the year under review. By Order of the Board For DHOOT INDUSTRIAL FINANCE LIMITED Rajgopal Dhoot Chairman Place: Mumbai Date: May 29, 2015 |