Its Redressal is placed on the intranet for the benefit of its employees. Most of these stores will come up in small towns. Commodity Price Risks The Company is exposed to the risk of price fluctuation of raw materials as well as finished goods.
Future Plans Raymond is planning to increase its retail stores from to and expects the revenue from the stores to increase from Rs 7 billion in the present to Rs 11 billion to Rs 12 billion in Your Company believes that managing risks helps in maximizing returns. The main thrust of internal audit is to test and review controls, appraisal of risks and business processes, besides benchmarking controls with best practices in the industry.
There is no secretarial audit qualification for the year under review. Another wholly-owned subsidiary, Silver Spark Apparel, sells factored garments in international markets. Besides, the company is also a major exporter of fabrics and exports to more than 50 countries including US, Canada, Europe, Japan and the Middle East.
Total income dipped Human Resources Risks Retaining the existing talent pool and attracting new talent are major risks.
Significant audit observations and corrective actions taken by the management are Raymond annual report to the Audit Committee of the Board. Financials Raymond registered a steep drop of However, the Company has well-defined processes and procedures for obtaining approvals for investments in new businesses and capacity expansion etc.
Net sales declined The Audit Committee of the Board of Directors actively reviews the adequacy and effectiveness of the internal control systems and suggests improvements to strengthen the same.
Vijaypat Singhania School at Vapi, Gujarat run by the School Trust provides quality education to the children of the local populace; Raymond Rehabilitation Centre set-up for the welfare of under-privileged youth at Jekegram, Thane.
The Company is mitigating these risks through regular review of legal compliances carried out through internal as well as external compliance audits. This initiative enables less fortunate youth to be self- sufficient in life.
During the year under review, no complaints were reported to the Board. Strategic Risks Emerging businesses, capital expenditure for capacity expansion, etc. This Centre provides free vocational training workshops to young boys over the age of Most of these stores will come up in small towns, where business is growing sharply.
The earnings per share EPS of the company stood at Rs 0. The company is also planning to foray into automobile furnishing sector by way of a joint venture with Treves SA. The designer wear division offers designs by some of the finest Indian designers comprising an eclectic mix of formal, office and evening wear for men and women.
The Audit Committee of the Board of Directors, Statutory Auditors and the Business Heads are periodically apprised of the internal audit findings and corrective actions taken. The Company has a robust Management Information System, which is an integral part of the control mechanism.
Some of the risks that the Company is exposed to are: The aviation division Million Air provides air charter services and has a fleet of three helicopters and one executive jet. The Company has a structured induction process at all locations and management development programs to upgrade skills of managers.
Its denim division has an installed capacity of 30 million meters and produces ring denims. The risk management framework is reviewed periodically by the Board and the Audit Committee. Regulatory Risks The Company is exposed to risks attached to various statutes and regulations including the Competition Act.
To maintain its objectivity and independence, the Internal Audit function reports to the Chairman of the Audit Committee. The Company proactively manages these risks through forward booking, inventory management and proactive vendor development practices.
There is no Audit qualification for the year under review. The Company has initiated various measures including rolling out strategic talent management system, training and integration of learning and development activities. The target age group for the store is between 4 and 12 and the company has plans to open 12 such stores by March Links to financial results for Raymond James, including annual and quarterly reports, 10K reports, 10Q reports, Proxy Statement and Statement of Financial Condition.
Financial Reports - Investor Relations | Raymond James.
Raymond Detailed director reports covering Raymond Financial Results and Performance report. Your Directors are pleased to present the Ninety-First Annual Report on the business and operation. Speed read up to 10 years of entire 10K Annual Reports and Quarterly 10Q SEC filings for RAYMOND JAMES FINANCIAL INC (RJF) using our online tools to quickly find topics, view inline highlights of positive and negative remarks by management or export to a PDF, Word or Excel file for offline viewing.
This Annual Report contains statements about expected future events and financial and operating results of Raymond Group, which are forward-looking. By their nature, forward-looking statements require the Company. Get a detailed Sensex annual report of Raymond on stock/share exchange market for the financial and more at mint-body.com Business Profile Business Profile Raymond (RAYMOND), incorporated inis engaged in five business areas comprising textiles, denim, engineering files and tools, aviation and designer wear.Download