gaekwar mills ltd Management discussions

Your Directors have pleasure in presenting the Management Discussion and Analysis report for the year ended on 31st March 2023.

OPERATING AND FINANCIAL PERFORMANCE:

Operating & Financial performance has been given in details in Directors Reports.

INDUSTRY STRUCTURE, DEVELOPMENT:

The Company has been engaged in the business of manufacturing Fabrics (Textile Industry), however the said unit was declared sick and to set up fresh unit, clear all liabilities and pursuant to a Scheme u/s 391 of Companies Act, 1956 sanctioned by Bombay High Court, Company at present is into development of 60% of its own land at Bilimora.

OPPORTUNITIES AND THREATS:

Opportunities The Company is expecting good opportunities by developing the land available at Bilimora, Gujarat, such a huge land is not available in Bilimora (West), hence these desiring sea view or cool breeze.

Threats for the Company is: a. That the workers are filing cases against the Company in High Court of Maharashtra and Gujarat. Due to this litigation Company is not able to start its new business and currently the Company is in loss. b. Company is not having expertise in construction activity. c. The population is much less to consume the constructed unit.

SEGMENT-WISE PERFORMANCE & PRODUCT-WISE PERFORMANCE:

Currently there is no Business in the Company.

BUSINESS OUTLOOK:

The Company is in Infrastructure business. The company finds a good business outlook, in case the company can start is commercial development of its land situated in Bilimora.

RISKS AND CONCERNS:

The Workers of the Company have filed case against the Company in the High Court due to which Company is unable to start its new business. Unless and until the cases are resolved the Company cannot start their Business.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The internal control system and their adequacy is commensurate with the size and nature of the business of the Company.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATION PERFORMANCE:

Currently the company is going on in loss as the company has no business.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT INCLUDING NUMBER OFPEOPLE EMPLOYED:

Currently there is no Business in the Company, hence there is no material developments in Human Resources / Industrial Relations front including number of people employed.

Key Financial Ratios:

Particulars	FY2023	FY2022
Operating profit margin (%)	NA	NA
Net profit margin (%)	NA	NA
Interest coverage ratio	NA	NA
Debtors turnover	NA	NA
Inventory turnover	NA	NA
Current ratio	14.07	8.91
Debt equity ratio	39.45	39.45
Return on net worth (%)	NA	NA

	By Order of the Board of Directors
	For Gaekwar Mills Limited
Place: Mumbai
Date:14.08.2023	Ratan Karanjia
	Chairman
	DIN : 00033108
Registered office:
Registered office:
Gaekwar Mills Limited
2/2, Plot 2, New Sion CHS,
Swami VallabhdasMarg, Road
No. 24, Sindhi Colony, Sion,
Mumbai 400022
Tel.:022 24018811
Website: www.gaekwarmills.in
Email: gaekwarmills1928@gmail.com

ATTENTION INVESTORS

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Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

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This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Risk Disclosure on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to Rs. 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

gaekwar mills ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

MARKET

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TRADING DOCUMENTATION

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ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.