MANAGEMENT DISCUSSION AND ANALYSIS FORWARD- LOOKING STATEMENT India’s economy expanded at 4.7 per cent in the entire 2014-15 financial year, marking a second straight year of below 5 per cent growth in the last 25 years. The expansion was slower than an official estimate of 4.9 per cent and higher than 4.5 per cent growth a year earlier. The year 2014-15 witnessed changing global dynamics with a renewed focus on the developed nations. The developed economies gathered momentum even as consumer demand recovered modestly in the US and Japan. However, emerging economies experienced external and localized vulnerabilities and market turmoil. This report contains forward-looking statements based on certain assumptions and expectations of future events. The Company, therefore, cannot guarantee that these assumptions and expectations are accurate or will be realized. The Company’s actual results, performance or achievements can thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events. SERVICES Company is engaged in Cargo handling services. Due to removal of restriction on import, this is excellent field to provide services to the importers. The size of the Company needs to be expanded to enter this industry on a large scale for which Directors are concentrating their attention. BUSINESS OVERVIEW The Turnover during the year 2014-15 is to the tune of Rs.92.54 Lacs. Previous year it was Rs.19.10 Lacs. The decline in turnover continues due to non-renewed C & H control. Company is trying to improve its performance in the future. MARKETING The Company is making all efforts to revamp its marketing in new areas and hopes for good results in the current year. SWOT Our strength is our determination, weakness is the low equity base suspension by BSE of, opportunities are multiples and threats are practically none INTERNAL CONTROL The Company has an internal control system, commensurate with the size of its operations, adequate records and documents were maintained as required by laws. The Company’s audit Committee reviewed the internal control system. All efforts are being made to make the internal control system more effective. SEGMENT WISE REPORTING During the year under review, Company has through Cargo Services segment only. RISK AND CONCERNS In any business, risks and prospects are inseparable. As a responsible management, the Company’s principal endeavor is to maximize returns. The Company continues to take all steps necessary to minimize losses through detailed studies and interaction with experts |