unitech ltd share price Management discussions

A Industry Structure and Developments	The Companys main activities fall within scope of aluminium collapsible tubes, on the considerable fall in the demand of the same and with the introduction of plastic laminated tubes and oval tin containers, the Company was forced to discontinue its manufacturing activities a few years back.
B Opportunities and Threats	Due to volatile fall in demand for aluminium collapsible tubes and with absence of clear governmental policies on various sector, the capital inflow has been slowed down.
	The Indian economy is also passing through its tough time with lower GDP, depreciation in rupee value and all-round increase in cost.
	The aluminium industry in particular with environment issue, and adverse effects from use of recycled hazardous sub grade raw materials has also witnessed recessionary trend.
	The main threat is from the unorganized sector comprising low grade aluminium goods manufacturers and from non-eco?friendly manufacturing units.
	This may lead to quality problems in the international market and downgrading of Indian manufacturers? image. Secondly, due to its basic nature and use of low grade of aluminium products, there has always been a threat of substitution of aluminium basic material with other metal or alternate material(s).
	These are the key risk factors which the aluminium industry has to tackle in future. The consequences of which can be seen on the present state of the Company.
C Risks and Concerns
D Internal Control Systems and their Adequacy	The Company is in process of designing and putting in place various internal control systems for all the key departments. Further, the audit systems are proposed to carry out and to check the implementation and working of the internal systems.
E Segment-Wise or Product- Wise Prformance	The Company operates in one segment i.e. Manufacturing of plastic laminated tubes.
F Discussion on Financial Performance with respect to Operational Performance	The Company has not carried out any operations during the financial year 2020-21. The Company is expected to be out of negative results in couple of years times.
G Social Responsibility	The Company is conscious of its obligations towards health, safety & environment of its surroundings and to meet the norms of pollution control board.
^H Cautionary Statement	Some of the statement in the Management Discussion and Analysis Report describes the Companys objectives, projections, estimates & exceptions. The actual results could differ materially from those expressed or implied. Important factors that could make difference to the Companys operations include economic conditions affecting demand/supply and price conditions in the domestic & overseas markets in which the Company operates.
^I Future outlook	The Company has been putting its best efforts to re-commence its operations of business within the available means. Further the Company is also in the process of reducing most of the avoidable cost like stock exchange listing fees which is to be paid on annual basis and other quarter fees compliances fees to be paid to the intermediaries like Statutory Auditors, Secretarial auditors etc.
J Human Resource Management :	Once the Company business is re-commence,they will hire highly skilled, motivated, and solution-driven individuals who will collectively built the foundation of strong values to the Company and we strive to provide a safe, challenging and rewarding environment for our organisation and its employees. Wherein, equal opportunity is provided to everyone, so that each individual regardless of their gender, religion and caste can prosper. During their period at the Company, employees are motivated through various skill- development, engagement, and volunteering programs.

K Details of significant changes	Key Financial Ratios	FY 19-20	FY 20-21	Variance
	Debtors Turnover	Nil	Nil	N.A.
	Inventory Turnover	Nil	Nil	N.A.
	Interest Coverage Ratio	Nil	Nil	Nil
	Current Ratio	28.41	39.57	11.16
		times	times	times
	Debt Equity Ratio	Nil	Nil	N.A.
(i.e. Change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations therefor : L Details of any change in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof	Operating Profit Margin (%)	Nil	Nil	N.A.
	Net Profit Margin (%)	Nil	Nil	N.A.
	Return on Net Worth (%)	Nil	Nil	N.A.

M Disclosure of Accounting Treatment

The Financial Statement of the company for Financial Year 2020-2021 have been prepared in accordance with the applicable accounting principles in India and the Indian accounting standards (Ind-AS) prescribed under Section 133 of the Companies Act, 2013 read with the rules made thereunder.

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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.

unitech ltd share price Management discussions

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