Management Discussion and Analysis Report Market overview The global markets are braving volatility and climatic conditions as the new normal, necessary elements for co-existence. The concerns around technological disruptions and the capital investments required to maintain pace therewith are coming in the way of old economy changing gears to new economy. A carefully adopted path of creative destruction, both in business activities and financing and management thereof, will continue to pave way for stability and growth. In a period where marketplace is redefining value, enterprises carrying an overhang of overheads and debt need workouts with stakeholders to drive efficiency, to help maintain medium to long-term sustainability. Continual assessment of counter-party risks and stress testing of various segments of an enterprise is the evolving framework for risk management and mitigation. Enterprises have to develop solutions which factor macro-economic conditions in a rapidly changing environment to achieve desirable results, with socially relevant outcomes. Opportunities and threats The ongoing changes in the regulatory and legal regime around restructuring and turnaround are leading to need for greater brdictability of outcomes. New forms of capital and capital structures are evolving to reach viable businesses in distress, which investments are coupled with much needed resource of specialist managers therefor. Segment-wise or product-wise performance The Company operates in a single segment of Business Advisory and Consulting Services, and therefore, there are no separate segment wise details to be provided. Internal control systems and their adequacy The Company has adequate internal control systems commensurate with the size and nature of its operations. The Company has adopted Internal Financial Control Policy for ensuring the orderly and efficient conduct of its business, including adherence to Company's policies, the safeguarding of its assets, the brvention and detection of frauds and errors, the accuracy and completeness of the accounting records, and timely brparation of reliable financial information. Accounts of the Company The Company has brpared its annual accounts for the year ended March 31, 2016 in accordance with Indian GAAP. Standalone Accounts of the Company for the year ended March 31, 2016 are available on the website of the Company at www.raas.co.in . |