Concrete Credit Ltd Management Discussions.


The Indian economy advanced 6.1 percent in the first quarter of 2017, slowing sharply from 7 percent expansion in the previous period and well below market expectations of 7.1 percent. It is the lowest growth rate since the last quarter of 2014, due to the slowdown in consumer spending and a drop in investment as a result of the demonetization program started in November of 2016 that removed around 86 percent of Indias currency in circulation.

The slowing momentum in GDP growth rate is expected to continue as investment is still weak, while government spending may not remain as high given the fiscal consolidation path and the rise in exports over the last few months are showing some signs of moderation.


(a) Opportunities

The global economy has remained subdued in the fiscal year 2016 – 17 but it is expected to improve more in the coming financial year under the backdrop of new reforms and macro-economic developments. Such a scenario will give our Company the opportunity to increase our stakeholder values and gain their trust. The Company has already started taking initiatives to enhance investor relations. It is has become focused on efficiency and planning to diversify its business into other areas.

(b) Threats

The constant fluctuations in the stock market and excessive competition from fellow competitors are some of the hindrances affecting our business.


Your Company has been making use of available opportunities in the market for trading of cotton/fabrics and spread its business in other lucrative businesses too for increasing its profitability and size of business. The Company successfully listed its equity shares with BSE in August 2015 which strengthened the credibility of the company among the stakeholders.

The underlying strength of Indian consumption and demand, continues to remain robust. The countrys fabric and clothing markets remain a favorite of global consumers. The performance of your Company is closely linked to those of the fashion and clothing markets. The growth tendencies for 2016-17 are expected to be mostly reflective of the developments in these areas. Your Company is cautiously optimistic in the current scenario and will focus on a well adjusted expansion of business in other related business, resourceful cost management and risk containment measures in order to sustain profitability.

The company is a trading company deals in trading of cotton/ fabrics. However company also invests its funds in capital and debt market and creates an additional source of income in form of dividends and returns receivables on investment made and held by it in other Companies and the capital appreciation of investments. Any adverse financial impact on the operation / business of the invested companies may impact the revenues of the company and also results in diminution in the value of investments.


Gross revenues for this financial year comes to Rs. 1,14,81,666.00 as against Rs. 3,00,95,920.00 in the previous year. Profit before depreciation and taxation was Rs. 79,545.00 against Rs. 1,23,117.68 in the previous year. After providing for depreciation and taxation the net profit of the Company for the year under review was placed at Rs. 41,030.00 as compared to Rs. 63,339.68 in the previous year. Due to unfavorable market conditions the companys turnover in terms of value has reduced at a rate of 61.85% during the year under review and as a result profit after tax has also marginalised. However the Company is looking forward to grasp the available opportunities and focusing on permitted avenues. The uncertain state of the global economy however remains a cause of concern.

In the preparation of financial statements, provisions of prescribed accounting standards has been followed and financial statements produces true and fair view of the business transactions of the Company.


The Companys relation with the employees and investors continues to be cordial which are the most valuable resources of our organization.


The companys internal control system and procedures are commensurate with the size of operation and are adequate to ensure –

- safeguard its assets and resources against loss, unauthorized use or disposition, - compliance with the statutes and regulatory policies and framework, and - all transactions are authorised, recorded and reported correctly.

The Audit Committee of Directors continually reviews adequacy of internal controls.


This report may contain statements which the Company believes are or may be considered to be "forward looking statement". Actual result may vary from those expressed or implied. Important developments that could affect the companys operations are significant changes in political and economic environment in India, tax laws, exchange rate fluctuation and other incidental factors.

On Behalf of the Board of Directors

Rajeev Kumar Verma

Whole-time Director


Date:11thAugust,2017 DIN: 00570540