jhaveri credits capital ltd Management discussions

Annexure - III

The companys long standing as commodity broker discontinued during later 2020. The covid 19 given a break through to diversify the services as advisory in mutual funds and stock specific and partial venture of own funds to have fair earning of effort with secure stock of the companys funds.

THE BUSINESS

The company assessment of performance for the year ended March 31, 2023 and outlook in current year based on current business environment seems to be hopeful and positive. The economy of India will have least damage of world economies crises and wars. The stability of government will play a vital support to business in our country. The global rating agencies review in the progressive business movement and economy with higher and higher ratios. The visible barometer stock exchange index is slowly, but steady, growing on higher and higher level week to week since 2022.

COMPANY PERFORMANCE

During the year company reported revenue of ? 1180.30 Lakhs as to ? 958.77 lakhs of previous year about 23.10% higher. The management continuous efforts to safe secure the business investment and manage above marginal costing has proved with positive results despite the market conditions. The profit before tax for the year 2022-23 is ? 81.94 lakhs as compared to ^ 33.35 lakhs of ? 2021-22.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The companys financial discipline has protected against speculative gambling of casual surplus funds of the company. The planning of long term and short term projection has safeguarded any severe damage to funds and investment of the company. The close watch over by management expertise and timely action has resulted in positive growth. The static operational cost is also a basic supporting line for present and future growth of the company.

OPPORTUNITIES, THREATS AND FUTURE OUTLOOK

The economy and political situation at world level and neighbouring country is not good and the danger of wars is hanging at global level. However, the Indian economy will be affected the least in all this controversy. The international rating agencies are positive for developing economy and country like ours. The basic captive rates of consumption of minimum essentiality keep our economy and business cycle moving above deflation. We see a potential growth in our economy in time to come being election year and world over need against supply of china and Russia. Hope for better tomorrow.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The company has a proper and adequate system of internal control developed over a period of time. The system is supported by management.

HUMAN RESOURCES

The company is consistently focused on providing its employees a work environment that promotes diversity and inclusion, free of any discrimination. It has a strong employee engagement policy that helps it develop and retain a highly motivated team. The companys human resource policy lays stress on motivating people by encouraging better work culture and environment aimed at continuous improvement in business activities.

RISK AND CONCERNS

The companys business is fully secured and in safe corner against any market deviation of gains, cost and/or earnings.

CAUTIONARY STATEMENT

Statement in the management discussion and analysis describing the companys activities, projections, estimates, and expectation may be a Mary forecasting and visionary. Within the meaning of applicable laws, rules and regulations prevailing at present. Actual results, outcomes may differ, materially from those expectations due to economic condition in the country, government regulations tax laws, and /or any other statutes and other incidental factors.