Hemo Organic Ltd Management Discussions.

SPECIAL NOTE ON CORONAVIRUS PANADEMIC

By mid of March 2020, the outbreak of Corona virus (COVID-19) pandemic has been rapidly spreading throughout the world, including India causing significant disturbance and slowdown of economic activity. The Company has made committed efforts to support its business stakeholders, employees and service providers. The effect of Covid-19 on the Company is insignificant. Looking at current situation the company does not predict any significant effect of Covid-19 on the Company as the Company is presently not carrying out any business activities. The Company is continuously monitoring the situation and taking necessary actions in response to the developments, to minimize the impact on the business of the Companys Future prospects.

INDUSTRY STRUCTURE AND DEVELOPMENTS

Particulars F.Y. 2019-20 F.Y. 2018-19
Revenue from Operations 2771.80 546.20
Other Income -
Total Income 2771.80 546.20
Operating Expenditure before Finance Cost, Depreciation and Amortization 2990.06 1746.26
Earnings before Finance Cost, Depreciation and Amortization (218.26) (1200.06)
Less: Finance Cost -
Depreciation and Amortization Expenses -
Profit/(Loss) before Tax (218.26) (1200.06)
Less: Tax Expense -
Profit/(Loss) after Tax (PAT) (218.26) (1200.06)

Overview of Financial performance:

During the year under review the Revenue from operations has increased from Rs. 5,46,200 to Rs. 27,71,800. The loss after tax during the year 2019-20 is Rs. 2,18,260 as compared to loss of Rs. 12,00,060 in the year 2018-19. The Board has started working on the Business and is continuously making efforts to begin with the operations of the Company which can benefit to the Company and its stakeholders as well.

OPPORTUNITIES

With the change in the segment of Companys Activities, following are the Opportunities for the Company.

The Company is being managed by well experienced promoter with positive attribute to strive for challenges for future Trading activities has turned out to be fruitful and there is good scope of future growth and profitability

THREATS

Economic uncertainty: Based on the current and future market environment, the demand can be volatile. During initial months of Year 2020, the outbreak of Corona virus (COVID-19) pandemic has been rapidly spreading throughout the world, including India causing significant disturbance and slowdown of economic activity. Consequently, the governments and WHO has directed strict mobility limitations and production facility shutdowns during that period. Competitive activity: Competition in the market is intense and competitive activity is likely to remain high in the foreseeable future.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an efficient system of internal controls for achieving the following business objectives of the Company: Efficiency of operations a. Protection of resources b. Accuracy and promptness of financial reporting c. Compliance with various laws and regulations d. Compliance with the laid down policies and procedures

HUMAN RERSOURCE

Equipping the Company with an engaged and productive workforce is essential to our success. We look for commitment, skills and innovative approach in people. In assessing capability, we consider technical skills and knowledge that have been acquired through experience and practice, along with mental processing ability, social process skills and their application. We continue to invest in developing a pipeline of future talent and nurture them. As part of this process, we provide development and training opportunities to our workforce, which motivates and encourages them to grow in their work. Total 4 employees were employed in the Company. The Company has been maintaining cordial and healthy Industrial Relations, which has helped to a great extent in achieving the upper growth.

CAUTIONARY STATEMENT

Statements in this Report, describing the Companys objectives, projections, estimates and expectations may constitute forward looking statements within the meaning of applicable laws and regulations. Forward looking statements are based on certain assumptions and expectations of future events. These statements are subject to certain risks and uncertainties. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results may be different from those expressed or implied since the Companys operations are affected by many external and internal factors, which are beyond the control of the management. Hence the Company assumes no responsibility in respect of forward-looking statements that may be amended or modified in future on the basis of subsequent developments, information or events.