1 PERFORMANCE OF THE COMPANY:
With management efforts and improvement in the working, companys sales turnover has increased by 71% from previous F. Y. 20-21. Management has implemented the strategy to re-capture the lost market due to Covid-19 effect. Management was unable to reduce the loss by 49% from corresponding precious year. Management is looking very optismic for coming FY T/O by future improvement in turnover by 50%.
2 STRATEGY:
The strategy of the management is to introduce new varieties of ice cream & frozen desserts, more than the competitors, to provide quality of the products better than the competitors and to expand network of distributors/stockiest and dealers/retailers, larger than the competitors, to achieve volume growth of at least 50% over the current year.
3 BUSINESS OUTLOOK:
The consumption of ice cream has always been increasing. There is always good scope for business growth. The Companys outlook is always promising. The approach would be to continue with the growth, momentum with balancing risk.
4 THREATS:
1 Increasing competition from other manufactures and foreign Companies will be a major problem. Now-a-days the markets are flooded with new local and regional players with cheaper products. There are few concerns like rising infrastructure and input costs, which the Company should take in mind. Since our goods is perishable, quick transport and proper storage are paramount importance. The refrigeration and deep freezing are important for company.
2. Marketing will be the most problematic area where improvements are called for. Continuous quality improvement will be the need of the hour for which urgent measures are called for from all stakeholders.
5 INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:
The Company maintains an adequate internal control system, commensurate with size and complexity of its business. Among other things The Company has a compact organization Structure which helps it run business operation smoothly. The Company has adequate internal control system, commensurate with the size and nature of its operations. The scope of the internal audit is to ensure that the control system established by the management is correctly implemented.
All assets and resources are used efficiently and are adequately protected. All internal policies and statutory guidelines are complied with. There is accuracy in timing of financial reports and management information.
6 HUMAN RESOURCE DEVELOPMENT:
At Vadilal, Human capital is our most crucial resource contribution towards the success of the Organization. Our aim is to ensure that only individuals perfectly matching the required trade skill sets, attributes and soft skills for each position are hired. Our constant focus is to orient and induct the hire resource with a structured induction programme. Apart from this, we have introduced several notable initiatives to retain and nurture our human capital.
7 CAUTIONARY STATEMENT:
Statements made in the Management Discussion and analysis describing business outlook, projections, opportunities and threats, etc. may be "forward looking statement" within the meaning of the applicable securities, laws and regulations. Actual results could differ from those expressed or implied. Readers are hence advised not to place undue reliance on these statements and are advised to conduct their own investigation and analysis of the information contained or referred to in this section before taking any action with regard to their own specific objections. Further, the discussion herein reflects the perception on major issues as on date and opinions expressed herein are subject to change without notice. The Company undertakes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this report, consequent to any new information, future event or otherwise.
For and on behalf of the Board |
For Vadilal Dairy International Limited |
Sd/- |
Shailesh Gandhi |
Managing Director |
DIN: 01963172 |
Place: Boisar |
Date: 29-08-2022 |
Registered Office: |
Plot no. M-13, MIDC Industrial Area, |
Tarapur, Boisar, Maharashtra, |
Thane: 401506 |
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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.