SDCdnljBKW FLWFThe Ethics Policy of the organization should be developed to ensu

re that the work is conducted in adherence with high ethical and legal principle
s and sets standards of professionalism and integrity for all employees and oper
ations. Appropriate ethical behavior continues to be reviewed as part of the Gro
up's internal control process on an ongoing basis. The company tries to follow t
he norms and its processes and procedures are designed in such a way that they c
onform to the legal aspects of the business. In line with global practices, the
company is committed to maintain the highest standards of corporate governance,
reinforcing the relationship between the company and its shareholders.
Working Capital Management
More business fails for lack of cash than for want of profit
Efficient management of working capital is one of the pre-conditions for the suc
cess of an enterprise. Efficient management of working capital means management
of various components of working capital in such a way that an adequate amount o
f working capital is maintained for smooth running of a firm and for fulfillment
of twin objectives of liquidity and profitability.
While inadequate amount of working capital impairs the firm s liquidity. Holding e
xcess working capital results in the reduction of the profitability. But the pro
per estimation of working capital actually required, is a difficult task for the
management because the amount of working capital varies across firms over the p
eriods depending upon the nature of business, production cycle, credit policy, a
vailability of raw material, etc.
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