MANAGEMENT DISCUSSION AND ANALYSIS REPORT The key issues of the Management Discussion and Analysis are given below. Industry Structure and Developments With various initiatives by the Government of India, the Management is expecting a boost in the overall development of Industry. Opportunities and Threats Continuing increase in demand of low housing and slum rehabilitation projects are opportunity of growth to the Company. The major barrier to the growth of the Company is the cost of acquisition of land and constant fluctuations in the cost of inputs. Segment wise performance There were no major operations in the Company during the year, no segmental results are given. Outlook The Management of the Company is optimistic towards the growth and future of the Company. Risk and Concerns As per the Management of the Company, the major risk and concerned that might affect the overall Growth and Development of the Company is the inflation and interest rate. Internal control systems and their adequacy Considering the size of the Company, the Management of Company is of the opinion that the internal control systems are adequate. However the Management of the Company are always striving to improve and develop the Internal Control Systems. Discussion on financial performance with respect to operational performance During the year under review the Company earned Profits from its operations and the management is of the opinion that the Company will be able to sustain and be able to increase the same in future years. Material developments in Human Resources / Industrial Relations front, including number of people employed The Company has in place a policy for Human Resource Management and the Board of Directors are assigned with the responsibility to maintain Industrial relationship. The Company currently has Nil personnel employed with it. By Order of the Board Mr. Ramesh Vardhan Managing Director DIN: 00207488 Mr. Rajesh Vardhan Managing Director DIN: 00199986 Date : 13 August, 2015 Place: Mumbai |