Kiran Print Pack Management Discussions


Overall Review:

Given the impact of the pandemic, FY2023 was expected to be an extremely demanding year. The consensus was that GDP growth in FY2023 would not only be negative but also would constitute the greatest fall in growth since 1979-80.

The year 2022-23 plunged the world into a health crisis and eventually transmuted the entire situation into an economic turmoil, not foreseen initially. it will go into the history of mankind as a pandemic year marked by world changing moments that brought about paradigm-shift in terms of new normal and unprecedented disruption in health, education, trade and economy.

Industry Structure and Development:

One of the most important parts of manufacturing and logistics process of industrial and consumer goods, Coding and Marking systems is a potent tool that is used to print the variable information of the product such as lot size, expiry date, manufacturing date and other related details on the product and on its packaging to provide authentic information to the consumer. One of the uniqueness of the coding and marking systems is that it also aids the manufacturers in differentiating their brand against cheap counterfeits. Existing in the market the given codes and marks on a particular product make it easy to track the goods from factory to the last mile user. Besides, having the coding and marking systems in place also indicates the manufacturers seriousness towards brand building, product traceability, increased safety issues, adherence to regulations and focus on quality assurance of the product.

Opportunities and Threats:

Company is continuously looking for opportunities of growth in new areas and ventured into some revenue generating services that can boost financial health of the company. As regards threat due to COVID-19 demand of commodities affected badly, also forex volatility could be a major threat.

Segment-wise/Product-wise Performance:

Your Company has only one reporting segment. The revenue for the year was Rs.9000.26/- thousands.

Outlook:

The markets presently are subdued due to COVID-19 and how sooner it will revive is not easy to predict. However, with the industrys increasing preparedness, the evolving opportunities can be better harvested.

Risk and Concern:

Economic downturn in recent month, which could pose a risk, should it not be tamed quickly. The entry permit regime for trade within country should end immediately. The Government should continue its initiative of Ease of Doing Business. During the year your Company under its well planned and defined risk management policy gave attention to all the risk areas. The Board of Directors is apprised of the development in risk management in periodical meetings where the quarterly results are approved.

Internal Control System:

Your Company has a planned internal control system through internal checks and reviews it periodically to strengthen it and safeguard Companys assets. Management Information System is given upmost importance.

Financial Performance w.r.t. Operational Performance:

During the year under review, the Company has earned Total Revenue of Rs. 9,000.26 (in thousands) in comparison to Rs. 7,781.43 (in thousands) during the previous year. The Company has incurred net Loss of Rs. 1,956.65 thousands in comparison to net Profit of Rs. 422.63 thousands incurred during the previous year. Your Company have done trading in commodities and also started providing consultancy service during the year.

Safety, Health and Environment:

Your Company as a matter of policy gives greater importance to safety, health and environment and also ensures compliance with applicable legislative requirements.

Human Resources:

Your Company recognizes the importance of Human Resource in achieving its objectives and strategies as human resource plays an important role in the success and growth of Company. Your company gives priority in honing and utilizing their skills through in house training programs.

Key Financial Ratios:

In accordance with the Securities and Exchange Board of India (Listing Obligations and disclosures Requirements) Regulations 2018 (Amendment) Regulations, 2018, the Company is required to give details of significant changes (change of 25% or more as compared to the immediately previous financial year) in Key sector-specific financial ratios.

Particulars F.Y. 2022-23 F.Y. 2021-22
(%) (%)
Current Ratio (in times) 12.17 13.94
Return on Equity Ratio (%) (6.85) 1.35
Trade Receivables Turnover Ratio (in times) 6.39 10.64
Net Capital Turnover Ratio (in times) 0.37 0.31
Net Profit Ratio (%) (21.74) 5.43
Return on Capital Employed (%) (726 1.27

Cautionary Statement:

The report contains forward looking statements describing expectations, estimates, plans or words with similar meaning. Your Companys actual result may differ from those projected depending on various factor. Your Company cannot guarantee that the assumptions and estimates in the forward looking statements are accurate or will be realized.