Scrupulous compliance with clause 49(1) of the listing agreement and the Directors as well as Senior Management personnel followed the code of conduct prescribed.

MANAGEMENT DISCUSSION AND ANALYSIS OVERALL REVIEW, INDUSTRY STRUCTURE AND DEVELOPMENTS

Terrorist and Disruptive Activities, Migrant Labour Problems, BODO Issue, Surcharged Atmosphere, Unproductive outsourcing business are the main hindrances and stumbling block for the current situation. However with the strong and stable Government at the Centre, the various problems will evaporate in the ensuing months and thus the company expects tremendous growth.

OPPORTUNITIES AND THREAT

Wide portfolio of investments, innovative strategy and abundance of liquid funds will strike rich dividends particularly in view of the present upward buoyant market trend

OUT LOOK

Financial Year Net Profit Rs.
2013-14 64,60,013
2012-13 15,621

INTERNAL CONTROL SYSTEM

Implementation of adequate internal control system, strict adherence to internal control procedures and policies, meticulous maintenance of accounting records, authenticity of financial information, scrupulous guidances with regulatory guidelines are the positive sides of the company.

HUMAN RELATIONS

Excellent, experienced and able team of professionals coupled with well defined in-house training programs for employees and the conducive and congenial atmosphere pave way for the growth.

PARTICULARS

Financial performance with respect to operational performance

Particulars Financial Year ended 31.03.2014 Rs. Financial Year ended 31.03.2013 Rs.
Total Income 90,63,750 2,73,54,613
Total Expenditure 89,99,137 2,73,27,305
Depreciation - -
Tax 64,613 27,307
Provision for Tax - FBT - 11,687
Profit /(loss) after Tax 64,612 15,620

Management's discussion and analysis report reflects the company's projections, estimates, expectations/predictions and contain forward looking statements that involve risks and uncertainty. The Management of the Company shall not be held liable or responsible for any loss which might arise as a result of any action taken on the basis of information contained herein. Browsers are cautioned not to place undue reliance on these forward looking statements that speak only of the expectations as of date.