crp risk management ltd share price Management discussions

CRP is one of the pioneers who introduced operational Risk Management to India. We are a FieldTech™ company, experts in Field Management using the latest and best technological tools. CRP has a vast field force spread intelligently all across India designed to cover all of the complex India geography. This is driven from a centralized control room, managing over 550 trained, field operates to deliver service and speed.

Apart from this, CRP is aligning with the government machinery to drive the vision of creating a large e-governance structure backed by multiple Citizen Facilities Centers [CFC] across all the districts of India, which will act as a single window hubs for over 100 services most needed by the citizens from over 60 Government departments including municipalizes, RTOs, Healthcare, and Education to name a few.

OPPORTUNITIES:

The Company expects to attract business and opportunities on the strength of background and experience of Directors of the Company in the fields of Operational Risk Management, and the relationships and associations established by the Company with domestic and overseas professionals working in similar fields.

The availability of skilled and capable manpower and professionals will remain key to delivery. The Company promotes participation in conferences, and On-Work training and reskilling of its employees and engages network consultants and subject trained specialists.

STRENGTHS:

CRP direct field Penetration

We have more than 550 dedicated field force working to cover the complex national geography. They are rigorously trained specialists to conduct field checks

THREATS:

There are various threats that are attracted by the industries. Some of the major treats that are usually faced by these industries are with respect to competitive markets, manpower Services power failures, quality checks etc.

RISKS AND CONCERNS:

Company has a defined risk management strategy with senior management identifying potential risk, evolving mitigation responses and monitoring the occurrence of risk. The Company is also in the process of implementing a forward looking and predictive risk

identification and management program that will help businesses limit risk exposure, save costs and enhance value for stakeholders. The definition of risk management is also being enlarged to incorporate an array of operational, legal and financial objectives besides ensuring safety and well-being of employees in the times of natural disasters and pandemic. The risks are identified on a regular basis, across functions and business segments and the Company strives to link each risk with mitigation step to ensure business continuity. Concerted efforts are being made to improve risk management programs so that both business and regulatory demands can be met, greater business value can be created and corp.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

Details of financial performance of the Company is given below:

PARTICULARS	2021-22	2020-21
Revenue from Operations	3,27,519,431	30,11,54,610
Other Income	1,33,57,278	2,78,20,568
Total	34,08,76,709	32,89,75,179
Profit Before Interest, Tax & Depreciation	3,75,99,197	4,64,75,133
Less: Financial cost	2,46,81,897	2,21,76,631
Less: Depreciation	1,27,03,348	1,62,99,533
Profit before Tax	2,13,952	79,98,969
Less: Current Tax	14,95,000	16,00,000
Less: Deferred Tax Asset / (Liability)	-51,31,878	-16,84,793
Profit after Tax	38,50,830	80,83,762

During the year the Company has generated revenue from operations of Rs. 34,08,76,709/- (including other income) and earned net profit after tax Rs. 38,50,830/- as compared with the corresponding figures in the previous year of Rs. 30,11,54,610/- and Rs. 80,83,762/- respectively. The total revenue is increased by Rs. 2,63,64,821/- as compared with last year as well as net profit after tax also decreased by Rs. 7,69,86,932/- as compared with last year.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

An appropriate and adequate system of internal control exists in your company to ensure that all assets are safeguarded and protected against loss or from misuse or disposition, and that the transactions are authorized, recorded and reported suitably. Internal control systems are ensuring effectiveness of operations, accuracy and promptness of financial reporting and observance with laws & regulations.

The internal control is supplemented on an ongoing basis, by an extensive program of internal audit being implemented throughout the period. The internal audit reports along with management comments thereon are review by the Board. Implementations of the suggestions are also monitored by the Board. The internal control is designed to ensure that the financial

and other records of the company are reliable for preparing financial statements and other data, and for maintaining accountability of assets.

HUMAN RESOURCES:

At CRP our HR philosophy is centered on empowerment with a strong sense of respect. In this direction our organization constantly encourages and supports freedom of ideas and enterprise. We encourage employees to:

• Develop relationships that celebrate diverse ideas, and perspectives.

• Have a sense of enterprise with rewards for results

• Celebrate achievements and reward for superior performance

• Provide appropriate working conditions and resources to enable people to do their work.

• Respect co-workers irrespective of nature of work and responsibilities.

DISCLOSURE OF ACCOUNTING TREATMENT

The Companys board of directors are responsible for the matters stated in section134 (5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities;

In preparing the financial statements, management is responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The board of directors are also responsible for overseeing the Companys financial reporting process.

CORPORATE GOVERNANCE REPORT:

Company is not required to submit the Corporate Governance Report with this Annual Report. However, keeping in view the objective of encouraging the use of better practices, your Company has decided voluntarily to adopt and disseminate disclosure of Corporate Governance which not only serve as a benchmark for the corporate sector but also help the Company in achieving the highest standard of Corporate Governance.

CAUTIONARY STATEMENT:

Statement in this Management Discussion and Analysis Report, Describing the Companys Objectives, estimates and expectations may constitute Forward Looking Statements within the Meaning of applicable laws or regulations. Actual results might differ materially from those either expressed or implied.

For & on behalf of the Board of Directors CRP Risk Management Limited

	Hitesh Asrani	Sayyed Raza
Place: Mumbai	Director	Director
Date: November 09, 2023	DIN: 00561701	DIN: 02497549