ayoki merchantile ltd Management discussions

Industry Structure and Developments

The Company currently engaged in the business of trading in consumer goods, providing advisory, consultancy, investment services. The new management is in the process of exploring various options/ business opportunities in the field of medical facilities/ treatment, multi-speciality hospitals, medical/para medical educational institutions, research/technology labs, healthcare, pharmacy stores, ambulance services, home care, etc which will be in the best interest of the Company and all stakeholders.

Opportunities and Threat

There are various opportunities available to your Company in the Indian markets. However, the Company is currently small in size and is looking for various new opportunities suitable to its size. The Company proposes to raise funds to achieve new business objects of the Company, pursuant to change in the management of the Company.

Segment-wise or Product-wise Performance

Currently, the Company does not have any products/ segments.

Outlook

Your Board of the Company is examining various possible business options available with them.

Risks and Concerns

Your Board of the Company is examining various possible business options available with them.

Internal control System and their adequacy

Company at present has adequate internal control procedures, which is commensurate with the present business volume and its requirements. Internal controls are being monitored, reviewed and upgraded on an ongoing basis and on from time to time depending upon situation.

Financial Performance with respect to operational performance

Your Companys Present performance vis-a-vis the financial performance for the previous year as given below in tabular format.

(Rs. In Lakhs)
Particulars	FY 2022-23	FY 2021-22
Total revenue including other income	13.65	16.51
Total Expenditure	16.53	17.12
Profit / (Loss) before tax	(2.88)	(0.61)
Tax Expenses	0.22	-
Profit / (Loss) after tax	(3.10)	(0.61)

Human resources / Industrial Relations front

The Board is keen to have a fully equipped HR Department, once the business activity is resumed/started in a normal way. During the year under review, since, there were less business activities and manpower utilization was meagre, there was no such department

Caution: The views expressed in the Management Discussions and Analysis are based on available information, assessments and judgment of the Board. They are subject to alterations. The Companys actual performance may differ due to national or international ramifications, overnment regulations, policies, Tax Laws, and other g unforeseen factors over which the Company may not have any control.

Disclosure of Accounting Treatment: Detailed disclosure of accounting treatment during the year 2022-23 has been made in Notes to accounts of the financials.

	SD/-	SD/-
Place: Vadodara	Gaurav Gupte	Yatin Sanjay Gupte
Date: 31-08-2023	Managing Director	Additional Non-Executive Non Independent Director
	DIN: 06741475	DIN: 07261150