pentokey organy india ltd Management discussions

Investors are cautioned that these discussions contain certain forward looking statements that involve risk and uncertainties including those risks which are inherent in the Companys growth and strategy. The Company undertakes no obligation to publicly update or revise any of the opinion or forward looking statements expressed in this report consequent to new information or developments, events or otherwise.

INDUSTRY STRUCTURE AND DEVELOPMENTS OF THE COMPANY AND THRUST OF THE BUSINESS:

Pentokey Organy (India) Ltd has commenced the business of trading of Pharmaceutical products.

The company is constantly monitoring the external environment and availing the opportunities for increasing the business of the Company.

BUSINESS PERFORMANCE AND SEGMENT REPORTING:

The Company operates in single segment. During the year under review, the Companys Total Income was Rs. 672.15 Lakhs as against the Total Income of Rs. 25.19 Lakhs in the previous year.

OUTLOOK, RISKS, CONCERNS, OPPORTUNITIES AND THREATS:

The market have started showing improvement and have opened up. However, companies are taking cautious approach due to economic and another external factors. The management is taking efforts and believes that their strategy will enable the company to achieve substantial growth in the coming years.

ADEQUACY OF INTERNAL FINANCIAL CONTROL:

The Company has robust internal control systems in place which are commensurate with the size and nature of the business. The internal controls are aligned with statutory requirements and designed to safeguard the assets of the Company. The internal control systems are complemented by various Management Information System (MIS) reports covering all areas. Increased attention is given to auto generation of MIS reports as against manual reports to take care of possible human errors or alteration of data. The Management reviews and strengthens the controls periodically.

HUMAN RESOURCE DEVELOPMENT

The Company recognizes the importance of Human Resource as a key asset instrumental in its growth. The Company believes in acquisition, retention and betterment of talented team players.

SEGMENT-WISE PERFORMANCE

The Company is into single reportable segment only.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The total revenue of the Company for the year ended 31st March, 2023 stood at Rs. 672.15 Lakhs (previous year Rs. 25.19 Lakhs). The Company has profit after tax of Rs. 317.55 Lakhs.

DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS THEREFOR INCLUDING:

Particulars	2022-2023	2021-2022
Debtors Turnover	3.34%	NIL
Inventory Turnover	4.72	NIL
Interest Coverage Ratio	112.43	NIL
Current Ratio	15.60	92.06
Debt Equity Ratio	NA	NA
Operating Profit Margin (%)	19.42%	NA
Net Profit Margin (%)	47.24%	NA

EXPLANATION

During the year current Liabilities increase by 943% and current assets increased by 76.71% The Directors have taken efforts and started the business operations during the FY 22-23. as a result, revenue with Current assets and Current liabilities has increased.

DETAILS OF ANY CHANGE IN RETURN ON NET WORTH AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION THEREOF.

The Net worth of the Company as at the Financial Year ending on 31st March, 2023 is Rs. 837.90 /- Lakhs, as compared to Rs.520.20 /- Lakhs, as at the end of previous financial year ended on 31st March, 2022.

CAUTIONARY STATEMENT

The statements in the "Management Discussion and Analysis Report" section describes the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning of the applicable laws and regulations. The annual results can differ materially from those expressed or implied, depending upon the economic and climatic conditions, Government policies and other incidental factors.