Global Economic Review
A return of the world economy to the pace of economic growth that
prevailed before the bevy of shocks in 2022 and the recent financial sector turmoil is
increasingly elusive. More than a year after Russias invasion of Ukraine and the
outbreak of more con -tagious COVID-19 variants, many economies are still absorbing the
shocks. The recent tightening in global financial conditions is also hampering the
recovery. As a result, many economies are likely to experience slower growth in incomes in
2023, amid rising joblessness. Moreover, even with central banks having driven up interest
rates to reduce inflation, the road back to price stability could be long. Over the medium
term, the prospects for growth now seem dimmer than in decades.
The labour market will need to change as a result of the epidemic.
Therefore, its critical to retool and reskill workers so they can effectively
contributetoandbenefitfrom a growing digital economy. By utilising cutting-edge
technologies, the pandemic presents a rare opportunity to quicken digitization.
Multinational corporations from industrialised economies now find it simpler to outsource
various industrial tasks to EMDEs thanks to accessible technologies and efficient offshore
businesses might serve as a source of employment and expansion.
Outlook
According to the International Labour Organization, The global LFPR is
estimated to have recovered to close to 60 per cent in 2022, slightly below its level in
2019. It is projected to continue its longterm downward trend through 2023, declining by
0.2 percentage points till 2024. In total, around 3.6 billion people are estimated to have
been part of the labour force in 2022, a figure that is projected to increase by around 35
million per year thanks to the growth of the working-age population.Future prospects for
emerging and developing economies are projected to be improved by predicted improvements
in credit growth, which will be followed by rising public and private investments and
consumption.
(Source: World Employment and Social Outlook : Trends 2023; NSO press
release)
Indian economy
A number of changes to the fiscal, monetary and health policies are the
catalysts fuelling the economic recovery in India. The administration is preparing to
dramatically increase capital investment and implement supply-side reforms in order to
achieve long-term sustainable economic growth. It is anticipated growth in India is
projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April
projection (Source IMF)
Indian staffing
Flexi Staffing Industry . These employment growth trend at 14% YoY
2022-23 and also Flexi Staffing Industry employment) growth at 0.4% in Q422 -23. General
Flexi Staffing industry witnessed new employment growth at 15.3% YoY, whereas maintained
growth at 0.8% in Q4 2022-23 (QoQ). IT
Flexi Staffing industry -by the much harder impact was witnessed in Q4
2022-23 that came at -6% (QoQ) (Source :
https://www.indianstaffingfederation.org/research/#research-form-1)
Company overview
ANI Integrated Services Ltd. (ANI), a group founded in 1989 and a
company founded in 2008, is one of the leading organisation providing technical staffing
solutions to the
Through engineering, projects, operations & maintenance, and
labour, ANI offers industrial solutions. The company serves a variety of industries,
including EPC firms, gas refineries, -ceuticals, cement, FMCG, breweries, fertilisers, the
hospitality industry, construction, infrastructure projects, the food and beverage
industry, metals, airports, etc.
The intrinsic strength of ANI is the availability of qualified tech
-nical, skilled, and unskilled labour. These services are carried out promptly,
affordably, and in accordance with the various consumer requests. ANI has successfully
expanded its operations outside of India by building on its track record there. It has
served prestigious clients like Larsen & Turbo Industries, Tata Consultancy Engineers
Limited, Reliance Industries Limited, Nestle India Limited, Engineers India Limited,
Mondelez India Foods Limited, and GAIL (India) L.P. with a wide range of engineering
services on numerous international projects, particularly in the UAE, Thailand, Kingdom of
Saudi Arabia and African and Gulf Countries.
Service provider to various industrial requirements:
Manpower Deputation : Trust 3000+ technical professionals to help
you finish Operation & Maintenance : After routine shutdowns, quickly and
efficiently for any operational facility.
Projects : Deliver professional assistance for on-time
plant/project startup, backed by reliable installation solutions to reduce losses caused
by inaccurate calibration, either on-site or in the lab.
Opportunities and Threats
Opportunities:
Alternative employment opportunities are becoming more popular.
ANI assists in securing qualified and skilled personnel due
to the severity of the skills shortage.
Strong structural growth is being seen in emerging markets.
New technologies offer improved operational sophistication, cost
optimization, and efficiency
Diverse workforce strategies are becoming more well-liked and
sophisticated.
Legislative improvements are occurring.
Threats organised sector.
Technological catastrophe.
Low barriers to entry. plants, oil and
Alternative and emerging forms of staffing, such direct and
petrochemical industries, pharma contracts.
Economic downturns.
Research & Development
Rapid technological advancements in the staffing industry have forced
component makers to provide highly specialised technical capabilities. The staff at ANI
constantly keeps up with the most recent advances and attempts to offer answers for
brand-new problems. Our efforts in this area have earned us an unmatched reputation among
our clients and given us a competitive advantage over rivals in this unstable market. To
satisfy more stringent criteria, Team has created a number of processes for providing
customer service to its clients all over the world. These serve as the cornerstones of our
company and have helped us find new opportunities for expansion both domestically and
internationally.
Risk Management
The companys risk management policy serves as the foun- on
schedule. dation for resolving inherent business challenges. The goal of which shall be to
identify, assess, monitor, and minimise discernible risks in addition to actively managing
uncertainty -effective services and changes in the internal and external environment to
mini-mise adverse effects and take advantage of opportunities. The management is
responsible for developing, carrying out, and overseeing the companys risk
management plan. The risk management system at ANI integrated pvt ltd is well-organized
and effective, and it comprises a thorough record that details all recognised risks, their
measures. There are certain major dangers that are generally outlined below.
.
Risk |
Description |
Mitigation |
Workplace safety |
The workforce may be
subjected to hazardous working circumstances, which could lead to more absences, strikes,
and higher medical costs. |
The company has put in place
a detailed staff health and safety policy. The goal of this policy is to improve employee
health and safety, with a focus on pandemic preparedness and health awareness. |
Technological |
The conventional staffing and
recruitment business is being put under pressure by technological advancement. New
distribution methods and unconventional rivals are slowly gaining ground. |
The company has developed a
technology- driven business model that gives it the flexibility to respond to shifting
retaining its competitive edge. |
Talent acquisition and
retention |
The Company must be able to
locate and retain personnel and associates with the education and experience required to
meet a variety of customer requirements if it hopes to be successful in its company. |
To find the finest talent, the
company uses both traditional and online recruitment tools. |
|
|
In order to assure career
advancement, the organisation also offers training programmes, retraining opportunities,
and upskilling opportunities. |
Regulatory |
A changing political
landscape may result in regulations that are inefficient or uneven, which could have an
influence on the Companys business model. |
The Company is accountable to
all of its stakeholders for upholding its obligations and complies with all applicable
laws and regulations. It makes an effort to uphold morality and responsibility while
making sure that every one of its actions is totally clear. |
Macroeconomic risk |
The development of jobs and
talent mobility are impacted by macroeconomic instability and economic downturns brought
on by geopolitical upheaval, which boost costs and reduce client demand for the
organisation. |
The Company works hard to
sustain positive connections with clients and candidates in order to operate the business
successfully. |
|
|
The Company also has a
responding to evolving business dynamics. |
Credit risk |
Delays in client payments may
lead to higher working capital expenditures and interest costs. and mitigation |
The Company follows strict
billing and credit monitoring procedures. Expected credit loss is taken into account when
reporting and monitoring the collection progress on a regular basis. |
Human Resource
Our most valuable resource has always been our employees, and we put
the utmost importance on their growth. With ongoing on-the-job internal and external
training, we broaden our employees knowledge and skills. We also increase their
morale
& performance through employee engagement programmes like Rewards
and Recognition, Family Connect Program, Sports
Activities, & Town Hall Meetings, etc. The Company is committed to
giving its employees the skills they need to keep up with current technology improvements
because it thinks that high-quality people are the key to its success. 2818 people were
employed by the company as of March 31, 2023.
INTERNAL CONTROLS AND THEIR ADEQUACY
The company has an appropriate system of internal controls in place to
guarantee that all assets are secured and protected against loss due to unauthorised use
or disposition, and that those transactions are properly authorised, recorded, and
reported. An broad programme of internal audits, management and the Audit Committee
review, and written policies, standards, and procedures serve as supplements to internal
controls. The purpose of the internal control system is to preserve asset accountability
and ensure that financial and other records are accurate while creating financial
information and other data.
To improve control over compliances and the prevention of insider
trading-related compliances, the company has introduced Compliance Dashboard and My
insider tools.
Cautionary Statement
According to the relevant securities laws and regulations, the
statements made in this report that describe the Companys goals, forecasts,
projections, and outlooks are forward-looking statements. Actual outcomes could differ
from these predictions, expectations, and others, whether explicitly stated or implicit.
The statements are predicated on a number of assumptions and uncontrollable future events.
The Company disclaims any obligation to publicly edit, change, or revise any of the
statements in light of new information, events, or developments.
+91-9892691696
