MANAGEMENT DISCUSSION AND ANALYSIS REPORT: 1. The financial situation in the country is uncertain, dispite of that, during the year the performance of the company was also extremely satisfactory. 2. The financial statements are brpared in accordance with The Companies Act, 1956, and also as per necessary accounting standards and the same reflect the fair and correct view of the state of affairs of the company. 3. The changes in marketing and selling policy of the company has resulted in increase in sales including exports as well. Proper attention was given to reduce the expenses and increase the profit. 4. The company has maintained the system of internal controls at various levels to ensure accuracy in accounting records and compliance with various laws, rules and regulations. All steps will be taken to improve the efficiency and control. 5. Wherever necessary, the company provided training to enhance the skill of the staff. Proper care was taken for welfare activities of the employees. The relations with the employees remained cordial and satisfactory. |