g d trading agencies ltd share price Management discussions

INDUSTRY STRUCTURE AND DEVELOPMENT:

The release of pent-up demand as a result of the Covid-19 Pandemic gave rise to inflationary pressures in the economy to which the RBI responded by successive hikes in the Repo Rate alongwith other liquidity management measures to cool down the demand. However, certain pockets of demand in the housing and auto sectors continue to be resilient for the major part of the year. Lately, demand pressures are seen to be subsiding, especially rural demand, on the back of uncertainty in crop harvest due to climatic conditions. The near term future has to be viewed with cautious optimism.

OPPORTUNITIES AND THREATS:

Due to stiff competitions in the finance field where the companys activities are cantered in, the overall margins are always under pressure, but maintainable, with the constant effort and good services rendered by the company.

There is industrial growth expected to increase new opportunities in personal finance and there is favorable Govt. policies and that shall help the Company to expand in near future.

A small change in the focus of a large competitor might wipe out any market position we achieve. Through highly prevailing in the market remains the main risk faced by the company for investment activity.

OUTLOOK:

While economy recovery is expected in 2023, and if some of the forecasts hold true, India will become the fastest growing large economy of the world in the coming years. Government initiatives such as ‘Make in India coupled with the new governance regime will boost confidence of global investors and act as a catalyst for overall growth of the industry. The growth momentum in India is expected to be driven by focused spending on development projects in the form of increased public spending on infrastructure development. This will become the engine for driving several sectors of economy and lead increased industrial activity. A continuously moderating inflation and a growth driving monetary policy coupled with improved purchasing power of an increasing middle class will further aid revival of domestic demand in turn leading to growth. Falling rural incomes and volatility in domestic monetary and fiscal conditions due to global changes may adversely impact the growth. Your companys ability to work closely with customers will enable it to counter threats from competition as well as strengthen the ability to create value proposition for customers. Further, the foreign source and several of them making India their sourcing hubs, overall growth prospects of the industry looks better.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has a proper and adequate system of internal control to ensure that all the assets are safeguarded, protected against loss from unauthorized use or disposition and those transactions are authorised, recorded and reported correctly. The internal audit reports are reviewed for corrective actions wherever required. The views of statutory auditors are also considered to ascertain the adequacy of internal control system.

DEVELOPMENT IN HUMAN RESOURCES:

The Directors wish to place on record their appreciation and acknowledgment of the efforts and dedication and contributions made by employees at all levels during the year under review. The Company continues to focus on attracting new talent & help them to acquire new skills, explore new roles and realize their potential. Your director acknowledges and thanks employees for their continued contribution.