MANAGEMENT DISCUSSION AND ANALYSIS 1. Overall Review: The overall performance during the current financial year 2014-2015 has been satisfactory. 2. Financial Review: Total Business turnover for the year ended 31st March, 2015 was Rs. 1481.21 lacs. This increase was mainly on account of initiative of the management towards progress and growth of the company. 3. Internal Control System and their adequacy: 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 deposition. 4. Business Environment: The Performance of the company for the year under review was satisfactory. 5. Risk and Concern: The building, plant and machinery, vehicle and stocks of the Company are adequately insured. 6. Cautionary Statement: Statements in this report on Management Discussion and Analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially from those exbrssed or implied. Important factors that could make a difference to the Company's operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations. 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 of events. BY ORDER OF THE BOARD OF DIRECTORS, FOR, GOPAL IRON & STEEL CO. (GUJARAT) LTD MR. BHAVESHBHAI PATEL MANAGING DIRECTOR (DIN:00287559) PLACE: AHMEDABAD DATE: 14/08/2015 |