INDUSTRY STRUCTURE AND DEVELOPMENT

During the year under review, your Company continued to let out part of its factory sheds, situated at the registered office of the Company in the state of Tamil Nadu.

OPPORTUNITIES AND THREATS

The Management of the Company is exploring to venture into manufacturing, marketing and trading of wood and paper based products, accordingly the main object clause of the Memorandum of Association of the Company has been amended to incorporate the appropriate provisions.

SEGMENT WISE PERFORMANCE

The Company currently operates in only one Segment.

OUTLOOK

Your Directors are exploring avenues for the growth of the Company and are hopeful of improving the operations of the Company in near future.

RISK AND CONCERN

Since the Company does not have any outstanding borrowing and it operates in a very low scale renting activities, there is no major risk associated with its operations.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has an adequate internal control system. The Audit Committee headed by Non-Executive Independent Director periodically reviews the audit observation(s) and the corrective remedial measures taken in this respect, whenever required.

FINANCIAL PERFORMANCE

During the financial year 2020-21, your Company posted total Income of the Company of Rs. 64,35,813/- in the financial year 2020-21 as against Rs. 60,65,878/- in the financial year 2019-20. The Company reported a post-tax loss of Rs. 87,499/- (before other comprehensive income) during the financial year 2020-21 as against post-tax loss of Rs. 3,91,58,580/- (before other comprehensive income) in the financial year 2019-20.

HUMAN RESOURCES DEVELOPMENT

Your Company recognizes its people as its greatest asset and constantly strive to create an ecosystem of continuous learning, collaboration, and work-life balance. The employee-friendly policies of the Company, ensure safe and secured environment for employees at workplace. Your Company constantly strive to upgrade the skills of employees and give them the edge to compete in the dynamic market and become future ready.

There were three permanent employees on the payroll of Company including Managing Director & CEO, as on March 31, 2021.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS

Particulars	2020-21	2019-20
Current Ratio	10.20	8.30
Operating profit margin (%)	63.74	60.42
Net profit margin (%)	(1.48)	(673.84)
Return on Net worth (%)	(0.51)	(226.05)

Return on net worth: The Return on net worth has increased in financial year 2020-21 as compared to financial year 2019-20, as the Company had incurred huge losses during the financial year 2019-20 on account of provisions against loans given to other body corporate and accrued interest thereon.

Further, there has been significant change in the Net Profit margin (%), as the Company has incurred huge losses during the financial year 2019-20 on account of provisions against loans given to other body corporate and accrued interest thereon.

There are neither debtors (towards credit sales) nor Inventory in the Company as on March 31, 2021, hence Debtors Turnover rafio and Inventory Turnover rafio have not been disclosed in this report.

Interest Coverage rafio and Debt Equity rafio have not been disclosed in this report, as the Company has no debt as on March 31, 2021.

CAUTIONARY STATEMENT

Certain statements in the Directors report and management discussion and analysis reflecting the Companys projections, estimates, objectives and expectations may constitute forward looking statements within the meaning of applicable laws and regulations. Actual results may differ from such projections, estimates, objectives and expectations due to economic and climatic conditions effecting government regulations, policies, taxations and other factors on which the Company does not have any direct control.

	For and on behalf of the Board of Directors of Himalaya Granites Limited
Place: New Delhi Date: June 30, 2021	Ramesh Kumar Haritwal Managing Director & CEO [DIN: 01486666]	Mathangi Ramanujam Non-Executive Director [DIN: 07095686]