MANAGEMENT DISCUSSION AND ANALYSIS REPORT a) Business Overview: The Company has achieved a turnover of Rs. 13,659.21 Lakhs (brvious year Rs.10,742.97 Lakhs) for the financial year ended 31.03.2014 with a net profit of Rs. 107.29 Lakhs (brvious year Rs. 108.29 Lakhs). b) Opportunities: 1 Added new customer 2) Hoping the revival of economy. The Company is looking at Product mix addition in new products. c) There is no risk expected during this year. Open sale wheat policy of the government. d) Outlook: Better Values. e) Internal Control System: Internal audit, food safety audits like ISO 22000, FSSC 22000. The Company has effective control system commensurate with its operations. The Company has internal audit system through outside agency with qualified Chartered Accountant, carries out the audit based on a planned program. The audit also reviews the adequacy and effectiveness of the internal control system and the follow up action taken pursuant to audit observation. f) Human Resource Development: QC Audit, HR Audits. The Company conducts regular training programs both internally and externally for Employees at all levels to improve the skills and overall development. Employees' relations at all the levels continue to remain cordial. By order of the Board For Sunil Agro Foods Limited B Shantilal Managing Director Pramod Kumar S. Executive Director Place: Bangalore Date: 30th July, 2014 |