woco tech polymere kandla ltd Management discussions

Industry Structure and Developments

Your Company is engaged as a commercial and agro - industry; however your management is focused to diversify into certain core business activities.

Opportunities & Threats

The Company bears the normal risk in terms of inherent business risk in the kind of business the company is into. The Board of the company has taken a balanced approach for investing in these activities and evaluating the potential as well as the risk to return on capital.

Business Outlook

Your Management is evaluating various business opportunities and evaluating the potential as well as the risk to return on capital.

Risk & Concerns

Over the years, your Company has achieved an appropriate balance between risk and returns by setting up an efficient risk mitigation system to meet various forms of financial and other risks. The primary risks that the company is exposed to are, credit risk, market risk and operational risk. The Risk Management framework is dynamic and will continue to evolve in line with the emerging risk perceptions.

Information Technology

Our company constantly upgrades its technology both in terms of hardware and software. This also helped installing a good management information system for the management to get timely information for decision making.

Internal Control System and their Adequacy

Internal Control measures and systems are established to ensure the correctness of the transactions and safe guarding of the assets. The control systems set on place are checked and further supplemented by MIS which provided for planned expenditure and information on disposal and acquisition of assets.

Financial Performance

The Company had a profit of Rs. 44,84,581.00 /- in the current year.

Human Resources

Your Company continues to lay great stress on its most valuable resource - people. Continuous training, both on the job and in an academic setting, is a critical input to ensure that employees at all levels are fully equipped to deliver a wide variety of products and services to the customer of the company.

Cautionary Statement

Statements in the Management Discussion and Analysis Report describing our Companys objectives, expectations or predictions may be forward looking within the meaning of applicable regulations and other legislations. Actual results may differ materially from those expressed in the statement. Important factors that could influence Companys operations include global and domestic financial market

conditions affecting the interest rates, availability of resources for the financial sector, market for lending, changes in regulatory directions issued by the Government, tax laws, economic situation and other relevant factors.

	By Order of the Board
	For POLYMAC THERMOFORMERS LIMITED
Place: Kolkata
Date: 28/08/2023
	Sd/-	Sd/-
	PUSPJEET KUMAR	SUNITA SHROFF
	(Director)	(Whole time Director)
	DIN.: 00548463	DIN:08797136