MANAGEMENT DISCUSSION AND ANALYSIS REPORT (A) Financial Review: The Company has incurred loss of Rs. 22,956/- during the year whereas Loss of brvious year was Rs. 1,39,06,081/-. Company has achieved the turnover of Rs. 27,89,000/- during the year. (B) Internal control system: Considering the size of the company, your company has adequate system of Internal Control to provide reasonable assurance that assets are safeguarded and protected from unauthorized use or disposition. (C) Outlook: The performance of the Company is expected to remain encouraging and the company looks for the better future. (D) Environmental Issues: As the company is not in the field of manufacture, the matter relating to produce any harmful gases and the liquid effluents are not applicable. (E) Cautionary Statement: Statements in the Management Discussion and Analysis describing the Company's objectives, expectations or brdictions may be forward looking within the meaning of applicable securities, laws and regulations. Actual results may differ materially from those exbrssed in the statement. The Company assumes no responsibility in respect of forward - looking statements, which may be amended or modified in future on the basis of subsequent developments, information or events. |