Kiran Print Pack Ltd Management Discussions.

1. INDUSTRY STRUCTURE AND DEVELOPMENTS

During the FY 2018-19, the global economic activity has been quite subdued. The world paper industry is currently facing far-reaching structural changes due to the digitalization of society and businesses, the globalization of industries and the consequent re-distribution of wealth across the globe. Overall relatively modest slowdown can have significant impact. The paper printing market is expected to continue to face declining demand worldwide. But this decline should be balanced by the increase in demand for packaging – industrial as well as consumer and products. Overall demand for fiber-based products is set to increase globally with some segments growing faster than others. While the developed economies have been facing stagnant economic growth, the growths in emerging and developing economies have also been showing a declining trend. The Indian print and Print–Packaging industry in India is growth of the Printing industry is slowly and gradually. The new Governments "Make in India" campaign is further expected to growing domestic and global level.

2. DISCUSSION ON FINANCIAL PERFORMANCE AND OPERATIONAL PERFORMANCE

The Sales during the year 2018-19 are 85.70 lakhs as compared to 1.11 lakhs in the previous year.

3. SEGMENTWISE / PRODUCTWISE PERFORMANCE

Since incorporation, we have been providing printing and print- Packaging solutions to our clients. Through these years we have strengthened our knowledge of the educational markets and its needs and nuances. To meet these, we have driven an approach where we dont offer just products, but entire solutions to printing and print- Packaging. Understanding clients annual needs, planning their annual requirements so that they can meet their customers needs in terms of time and cost is a critical activity that integrates us with clients business processes. The need of the customer may be content authoring, a logistic delivery need or a price sensitive product- we offer our clients holistic solutions that enable them to focus on their core business, leaving the rest to us.

4. OPPORTUNITIES AND THREATS

The Indian Government focus on Make in India projects and involving new business ideas and market oriented organization. Printing and Print – Packaging industry in India is growing slowly& gradually. There are numbers of emerging competitors both in the form of organized or unorganized players mostly at regional level. Digital Print, E-media, E-magazines and E-pamphlets are the main threats for our industry.

5. OUTLOOK

Globally, industry strives to increase their revenues by maximizing the reach of their content. Having recognized this universal fact, your organization has focused its energies on helping its customers reach their content to newer markets, through newer channels and through newer platforms. This is done by aggregating their content, managing it, converting it and finally disseminating it to customer anywhere in the world. This is a mission that enables us to participate in the process of spreading education regarding printing and print-packaging, making content available to more clients and enabling our customers growth.

6. RISKS AND CONCERNS

In any business, risks and prospects are inseparable. As a responsible management, the Companys principal endeavor is to maximize returns. The Company continues to take all steps necessary to minimize its expenses through detailed studies and interaction with experts.

7. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has well established and comprehensive internal control procedures across all streams ensuring that transactions are authorized entered and reported correctly and business operations are effectively and efficiently carried. The company has adequate internal control system commensurate with its size and nature of its business. Management has the overall responsibility for companys internal control system to safeguard the assets and to ensure reliability of financial records. The company has detailed budgetary control system and the actual performance reviewed periodically and decision taken accordingly. The management is well connected with the effective control and MIS are regularly being exchanged. The Audit Committee of the Board in its meeting regularly reviews the Internal Audit Reports and adequacy of internal controls.

FINANCE AND FINANCIAL RISKS:

The Company is self sufficient in its financial requirements and does not foresee any financial risks in the near future.

8. HUMAN RESOURCES

The company enjoyed good relations with all employees throughout the year. Your Directors wish to place on record their appreciation of the contribution made by employees at all levels during the year. The companys HR objectives seek to attain a high performing organization, where each individual motivated to perform fullest capacity, where every employee feels a sense belonging to the company and the team, aspiring for individual excellence while contributing to achieve department objectives.

9. CAUTIONARY STATEMENT

Any statements made in this analysis relating to Companys objectives, expectations, estimates, projections, etc. may be considered as "forward looking statements" within the meaning of applicable securities, laws and regulations. Actual results may differ from such estimates, projections, etc. whether expressed or implied. Factors which could make a significant difference to the Companys operations include any conditions, market price in the domestic and overseas markets, changes in Government regulations and tax laws, economic conditions affecting demand/supply over which the Company does not have any control.

For and on behalf of the Board of directors
Date: 29th May, 2019 Mr. Karan Kamal Mohta
Place: Navi Mumbai Chairman of the Meeting
(Managing Director)
(DIN: 02138590)