MANAGEMENT DISCUSSION AND ANALYSIS 1. Industry Trends and Business Analysis The Stock Market has been showing a remarkable upward journey Others broad-based indices also recorded a similar trend. Seen under the aforesaid backdrop the Company has been able to state a modest recovery and post positive results 2. Opportunities, Threats & Outlook The economy is expected to record a good growth for the brvious fiscal and with the continuity in the growth-oriented policies: the stock market is expected to continue the buoyancy. The activation of the dormant primary market also well for the overall growth and depth of the market. Your Company being Stock-broking Company is exposed to the normal market threats associated with the business and faces competition from the other plays other funds. However, with its positive outlook and aggressive policy, your Company hopes to ward off any threat posed before it. 3. Risk and Concerns Since the primary and main business of the Company is dealing in Securities the risk factors and the Concerns affecting the business of your Company revolves mainly around the risks associate with the stock market. However, thought careful and prudent investment decision by the management, it is constantly endeavored tominimise these risks. 4. Internal control system and their adequacy The Company has adequate internal control systems commensurate with the size of the business duly supplemented with an internal audit to ensure against any unauthorized use or disposition of assets 5. Human Resources Your Company has required manpower to manage its activities keeping in view its emphasis on cost reduction. The Company recognizes the importance of human resources in achieving success in its commercial pursuits and follows a good man management policy. 6. Share Capital During the year, there was no change in the share capital of the company. 7. Cautionary statement Statements in this "Management Discussion and Analysis Report" describing the Company objectives, projections, estimates, expectations or brdictions may be "forward looking statements" within the meaning of applicable securities laws and regulations Actual results could differ materially from those exbrssed or implied Important factors that could make a difference to the Company's operations include global and India demand supply conditions, cyclical demand and pricing in the Company's principal markets, changes in Government regulations, tax regimes, and economic developments within India. |