Operating results for the period, have been discussed in the Directors Report. A further overview of Companys business by t he management with a discussion on the Companys areas of strength and weakness, the opportunities that are available and the threats and concerns that are being experienced are given below.
Industry Structure & Development
Since last few years, growth in Construction Industry is muted. As a result, demand for Decorated Tiles is sluggish. Although the digitally printed basic tiles with improved technology is continuously affecting the third fired Decorated Tiles business; however, the very existence of third fired Decorated Tiles cannot be questioned because of its unique product positioning and range of products in terms of look, finish and application of precious metals etc. We remain hopeful of growth in the years to come where demand for decorated tiles business would resurrect.
Decal manufacturing industry is passing through changing scenario. In recent few years wherein small manufacturers of Decals have backward integrated their capacity by installing superior plants and Tableware manufacturer have set up their own Captive Plant, resulting into increase in competitive intensity.
Risk Factors and its Mitigations
• Competition with Digitally Printing Tiles: Designer Tiles being a Fashion Product is facing a huge competition from the Digital Printing on Basic Tiles. Precision in manufacturing attributes in terms of look, finish and application of precious metals give an edge to decorated tiles over the digitally printed basic tiles.
• Rising Cost of Inputs, Energy & Transportation: All the three factors have a major bearing on the profitability; Company is taking effective steps towards improvements in Efficiency, Cost cutting and price adjustments wherever possible.
Internal Control Systems
Regular audit of systems & accounts of the Company is carried out by the Internal Auditor and it is ensured that Internal Control Systems are adequate and reliable and there is proper compliance of all regulations & obligations.
Human Resources & Industrial Relations
The Company continues to have cordial relations with its staff & workers. Industrial relations during the year continued to be cordial.
For and on behalf of the Board | |
For SCHABLONA INDIA LIMITED | |
(N. Goenka) | |
Place: Noida | Chairman |
Date: 22nd June, 2021 | DIN:00060864 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.