ph trading ltd Management discussions

OVERVIEW

PH Trading Limited engagedin the business of trading in industrial chemicals. The management has well- perceived and deliberated on various factors within the limits set by the Companys competitive position as discussed in this report.

INDUSTRY STRUCTURE AND DEVELOPMENTS

The core objective of our organization is to provide safe and efficient supply of Industrial Chemicals to our clients across the country. Our team is dedicated and works diligently towards fulfilling this objective. But due to various challenges and risk involved , company wants to diversify its resources and wants provide best return to stakeholders, for which company exploring near area.

OPPORTUNITIES AND THREATS

The Company is led by a dedicated and passionate professional management team and each key member of the team has years of experience in the industry. The Company focuses on the core business activities and our commitment towards transparency enables us to maintain good relationship with our customers.

SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE

The company is primarily engaged in the single business.

RISKS AND CONCERNS

The Company is exposed to market risk and credit risk. The Companys senior management oversees the management of these risks and is supported by professional manager who advises on financial risks and assist in preparing the appropriate financial risk governance framework for the Company. It provides assurance to the Companys senior management that the Companys financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Companys policies and risk objectives.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Management continuously reviews the Internal Control Systems and procedures for the efficient conduct of the Companys business. The Company adheres to the prescribed guidelines with respect to the transactions, financial reporting and ensures that all its assets are safeguarded and protected against losses.

Internal Control System are implemented in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting and the Standards on Auditing issued by ICAI to safeguard the Companys assets from loss or damage, to keep a constant check on the cost structure, to prevent revenue leakages, to provide adequate financial and accounting controls and implement accounting standards.

M/s Kataruka & Co., Chartered Accountants, Chartered Accountants, have conducted the Internal Audit of the Company. The report thereof is placed before the Audit Committee for evaluation of internal financial controls and risk management systems.

Your Board is of the opinion that the Internal Financial Controls, affecting the Financial Statements of your Company are adequate and are operating effectively.

FUTURE PROSPECTS

Chemicals are a crucial part of our lives these days. Almost everything that we use today has some amount of chemical contributions to it. Company is engaged in the industrial chemicals which is used in Medicine, plywood and fertilizer companies. but due to various challenges and risk involved , company wants to diversify its resources and wants provide best return to stakeholders , for which company exploring near area.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED

Business landscape across the world is marked by fast evolving dynamics. These demand agile responses while keeping the long term focus intact. Your Company is led by highly experienced and successful business leaders with proven track record of delivering sustainable growth in demanding business environment. As of March 31, 2023, your Company has complied with requirement of KMP and Directors during the year and other statutes to the extent applicable with a robust team competing on the strength of our people, all of us are bonded together by core values of Pride, Integrity, Discipline and Ambition. Our culture emphasises on having a workforce that is diverse, agile, eager to learn and driven to succeed. We have modeled ourselves as a learning organization by focusing on Stretch - Learn and Grow with Theme Respect for all with parameters like Capacity Building performance management.

SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS AND FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

An analysis of key analytical ratios have been made in Note 29 of the attached Financial Statements including the % of variance of such ratios with respect to ratios of the previous financial year as at March 31, 2023. As outlined, there is a material variance in every ratio, as there are no sales or purchase of product this year and company have only earned interest income.

For and on behalf of the Board of Directors
M/s PH Trading Limited
Prakash Chandra Himatsingka	Avishek Himatsingka
(Director)	(Director)
DIN :00613105	DIN:00613082
Place: Kolkata
Dated: 11th August, 2023