Hardwyn India Ltd Management Discussions

1. TNDUSTRY STRUCTURE AND DEVELOPMENT OPPORTUNTTTES, THREATS, RTSKS. CONCERNS AND OUTLOOK: -

Our Company is a distinguished furniture Company with a team of seasoned professionals who bring years of industry expertise. Based in Delhi, it has established itself as a significant player in the local furniture market, consistently competing with leading furniture suppliers and manufacturers.

The company is actively engaging in advanced discussions with potential suppliers, distributors, and key business partners to support these upcoming projects and initiatives for the coming year.

Our Company is committed to leveraging its expertise and market knowledge to adapt to these changing dynamics and seize new opportunities for growth.

2. OPPORTUNTTTES AND THREATS

Being a trading Company, our Company is exposed to specific risks that are particular to its business and the environment within which it operates including interest rate volatility, economic cycle, Inflation could trigger increase in consumer price inflation, which would dampen growth, Striking a balance between demand and supply, Unfavorable economic development and market risk.

3. SEGMENT-WTSE OR PRODUCT-WTSE PERFORMANCE

During the year under review, since Company is being working in a single segment therefore the specific performance does not stand eligible.

4. OUTLOOK

The presence of a stable government at the center will be a major catalyst in taking major decisions which would push forward the pace of reforms and thereby directly improving the macro-economic environment. It is now being forecasted that in the near future, the Indian economy will become the fastest growing emerging market.

The Government is looking at easing investment conditions in India and focusing on project clearances. Also, 2024 is expected to see a rush of foreign direct investments (FDI) coming into India supported by FII inflows.

Looking at the Indian economy the Company has plans to diversify its business in future.

5. RTSKS AND AREAS OF CONCERN

Our strength is our determination and team work, weakness is the low equity base, opportunities are multiples and threats are the vibrations in the economy and government policies.

In any business, risks and prospects are inseparable. As a responsible management, the Companys endeavor is to maximize returns. The Company continues to take all steps necessary to minimize its expenses through detailed studies and interaction with experts.

6. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has carried out the internal audit in-house and has ensure that recording and reporting are adequate and proper, the internal controls exist in the system and that sufficient measures are taken to update the internal control system. The system also ensures that all transaction is appropriately authorized, recorded and reported. Exercises for safeguarding assets and protection against unauthorized use are undertaken from time to time. The Companys audit Committee reviewed the internal control system. All efforts are being made to make the internal control systems more effective. All these measures are continuously reviewed by the management and as and when necessary, improvements are affected.

7. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The Company recorded a standalone turnover of Rs. 14,156.00 Lakhs during the year as against Rs. 13,550.49 Lakhs in the previous year and the Company has earned a profit after tax of Rs. 1074.96 Lakhs as compared to the profit after tax of Rs. 975.21 Lakhs in the previous financial year. The management of the Company is putting their best efforts to improve the performance of the Company. Further the company has recorded turnover of Rs. 18,460.18 Lakhs on consolidated basis.

The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles in India. Further, the profits and turnover of the Company were impacted positively in comparison to the previous year profits and turnover.

8. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED.

The Company had sufficient numbers of employees at its administrative office. The Company recognizes the importance of human value and ensures that proper encouragement both moral and financial is extended to employees to motivate them. The Company enjoyed excellent relationship with workers and staff during the last year.

9. CAUTIONARY STATEMENT

The statements in the "Management Discussion and Analysis Report" section describes the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning of the applicable laws and regulations. The annual results can differ materially from those expressed or implied, depending upon the economic and climatic conditions, Government policies and other incidental factors.