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.

FINANCIAL PERFORMANCE (Rs in Thousands)
Particulars F.Y. 2020-21 F.Y. 2019-20
Revenue from Operations 80.70 2,771.80
Other Income - -
Total Income 80.70 2,771.80
Operating Expenditure before Finance Cost, Depreciation and Amortization 559.43 2,990.06
Earnings before Finance Cost, Depreciation and Amortization (478.73) (218.26)
Less: Finance Cost - -
Depreciation and Amortization Expenses - -
Profit/(Loss) before Tax (478.73) (218.26)
Less: Tax Expense - -
Profit/(Loss) after Tax (PAT) (478.73) (218.26)

REVIEW OF PERFORMANCE

In the financial year 2020-21, the Company has earned Rs 8,07,000 from revenue from operations compared to Rs 27,71,800 for the financial year 2019-20. Due to high employee expenses, the Company has incurred Loss after tax of Rs 4,78,730 during the financial year 2020-21 as compared to loss after tax of Rs 2,18,260 in the financial year 2019-20.

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

Future uncertain Factors Competition

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 Protection of resources Accuracy and promptness of financial reporting Compliance with various laws and regulations 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 5 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.