Dolphin Medical Services Ltd Management Discussions

a) Outlook and Performance of the Management

The management of Company is putting their best efforts to increase the profitability of the Company. The Promoters of the Company are looking into multiple options either to divest their shareholding to bring in new expertise to the Company or raise the funds by way of issue of shares to the prospective investors for expanding the scope of operations and enhance the profitability of the Company.

The management is hopeful and expecting positive results in due course of time.

b) Internal Control Systems and their Adequacy

The management has designed internal control systems commensurate with the size and complexity of the business. These systems have been designed to provide reasonable assurance with respect to recording and providing reliable financial and operational information, complying with applicable statues, safeguarding its assets from unauthorized use or losses, executing transactions with proper authorization, prevention and detection of fraud and compliance with policies and procedures.

The Audit Committee reviews internal audit reports submitted by the internal auditors. The action taken tracker is also reviewed for implementation of the suggested corrective actions. The Audit Committee also meets the statutory auditors to ascertain their views on the adequacy of internal control systems.

c) Human Resources Development and Industrial Relations

The Company believes that the quality of its employees is the key to its success in the long run and is committed to provide necessary human resource development.

Industrial relations during the year were cordial and the Company is committed to maintain the same in future.