The Company has already implemented a Code of Conduct for all Board Members and Senior Managements of the company in compliance with Clause 49 (1) of the Listing Agreement. But, since the operations of the Company were not much, the application of the code of conduct was limited to that extent

Management Discussion And Analysis

Overall review, industry Structure and Developments:
The Scenario and situation is compounding by factor like political instability and emergence of low cast for out sourcing business. It is excepted that growth will come mostly in organic way.

Opportunities and Threat

Your Company, with its diversified portfolio of investments and trading strategy with available liquid funds was particularly well placed to benefits on improvement in the sentiment in market.

Out Look

The   Company   has   earned   Net   Loss of Rs. (513231.00)   for the year 2012-13 as compared to a net Loss  of Rs. (440653.80)  in the   previous year   2010-11.  The company’s  has made profit in the year  under consideration basically due to volatile market.

Internal control System

The Company has an adequate system of internal control, which assures us of maintaining proper accounting records and reliability of financial information. The Company ensures adherence to all internal control policies and procedures as well as compliances with regulatory guidelines.

Human relations

The Company has a team of able and experienced industry professionals. There is in place a  well defined in – house  raining program for its employees. Since the Company is not having  manufacturing activities, hence the HRD was not formed.

 

Particulars

Particulars 3/31/2013 3/31/2012
Total Income (5,13,231.00) (4,40,653.80)
Depreciation .
Profit (Loss) before Tax (5,13,231.00) (5,13,231.00)
Provision for Tax – FBT
Profit (loss) after Tax (5,13,231.00) (5,13,231.00)
Prior Period Adjustments
Balance Brought forward (8,87,18,969.41) (8,82,78,315.61)
Balance carried to Balance Sheet (8,92,32,200.41) (8,87,18,969.41)

 

Caution:

The statements in this report including Management’s Discussion and Analysis report reflects Company’s projections, estimates, expectations or predictions and contain forward looking statements that involve risks and uncertainty. The Company and the Management shall not be held liable for any loss, which may arise as a result of any action taken on the basis of the information contained herein. Readers are cautioned not to place undue reliance on these forward looking statements that speak only of the expectations as on the date.