MANAGEMENT DISCUSSION AND ANALYSIS REPORT a. Industry structure and developments: Given the strain on the economic scenario, your Directors are trying their best to maximize the profits of the Company and the stakeholders as a whole. b. Opportunities and Threats: The slowdown in economy could have an impact in the Indian market. c. Segment-wise or product-wise performance: Your Company has two segments viz. Finance & Construction. During the year under review, income from the finance activities is Rs.638.42 Lacs compared to Rs.576.45 Lacs in the brvious year and Construction activity Rs.1282.33Lacs compared to Rs.779.86 Lacs in the brvious year. d. Outlook: The Macro and Micro economic overview seems positive. e. Risks and concerns: The real estate industry like any other industry is exposed to certain risks that are particular to the business and the environment. Competitors are emerging in the industry by leaps and bounds. Infrastructure is a challenging task in construction industry. Without proper infrastructure in place and other factors like water supply, best of the projects will not have demand. f. Internal control systems and their adequacy: The Company's defined organizational structure, documented policy guidelines and adequate internal controls ensure efficiency of operations, compliance with internal policies, applicable laws and regulations, protection of resources and assets and accurate reporting of financial transactions. The Company continuously upgrades these systems inline with best available practices. g. Discussion on financial performance with respect to operational performance: The performance during the period ended 31st March, 2015 has been as under: h. Material developments in Human Resources / Industrial Relations: Your Company considers Human Resource as key drivers to the growth of the Company. With a rapid changing in the environment, the management put the whole efforts for the betterment of the employees to face the challenges with the training and development at frequent intervals. By Order of the Board For Coral India Finance & Housing Limited sd/- NAVIN B. DOSHI Managing Director Place: Mumbai Date: 28th July, 2015 |