MANAGEMENT DISCUSSION AND ANALYSIS REPORT The main object of the Company is to make strategic investments in the Companies. COMPANY PERFORMANCE HUMAN RESOURCES As on 31 March 2015, the Company has 2 employees on its roll, including the Managing Director. CONCERNS AND THREATS • Fluctuations in the securities market and global economic scenario, may pose a risk of devaluation of the investments made by the Company. • Main source of income for the Company is derived from it's associate company. • The risks and concerns associated with the businesses / operations of this investment company which may impact the performance of this company, could result in variation in dividends declared by this company. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY The Company has adequate internal control systems to ensure operational efficiency, accuracy and promptness in financial reporting and compliance of various laws and regulations. The internal control system is supported by the internal audit process. The Audit Committee of the Board reviews the adequacy and effectiveness of internal controls periodically. CAUTIONARY STATEMENT Statements in this Report, particularly those which relate to Management Discussion and Analysis, describing the Company's objectives, projections, estimates and expectations may constitute "forward looking statements" within the meaning of applicable laws and regulations. Actual results might differ materially from those either exbrssed or implied. |