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Longview Tea Company Ltd Management Discussions

43.95
(1.78%)
Jul 12, 2024|03:40:00 PM

Longview Tea Company Ltd Share Price Management Discussions

<dhhead>Management Discussion & Analysis Report</dhhead>

 

Industry Structure & Development

The Company is mainly engaged in the business of trading of Commodities

The Company is also dealing and investing in shares and securities and has interest income from loans and advances.

 

Opportunities, Threats and Outlook

Geopolitical uncertainties continue unabated, a legacy of the last year, and there’s wide economists now that the global economy is on the verge of entering a phase of severe slowdown. It is unlikely that India will remain insulated from these developments. But here is a bit of good news as far as India’s economy goes there are enough reasons to be optimistic domestic drivers will likely help the country post reasonably strong growth this year.

 

Risk and Concerns

Trading business faces risks. Risk is defined as the likelihood of an event is the practice of using processes, methods and tools for managing these risks. The Company believes that risk management is not a one-off exercise. Continuous monitoring and reviewing are crucial for the risk management approach which ensuresthatriskshavebeencorrectlyidentified and assessed and the right controls put in place. It is also a way to learn from experience and make improvements. The Company conceives various elements and analysetheRiskinvolvedandtakeeffective steps to reduce the risk against the business of the Company.

 

Internal Control System and Adequacy

The Company implemented internal control systems to ensure that all assets are safeguarded and protected against losses and all transactions are reported correctly. The Company’s internal control system and procedure is commensurate with the size and nature of business.

 

Financial Performance a) This has been covered in the Director’s Report under the section on financial results and operations. b) Details of significant changes (i.e. change of 25% or more as compared to the immediately year) in key financial ratios along with detailed explanations therefor -

Ratios

F.Y. 2022-23

F.Y. 2021-22

Change (%)

Interest Coverage Ratio

24.51

180.54

-86.42%

Current Ratio

197.81

67.71

192.13%

Operating profit margin (%)

0.05

4.13

-98.81%

Net Profit Margin (%)

-0.12

3.04

-103.92%

 

Interest Coverage Ratio for the year ended 31st March, 2023 has declined due to decrease in EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) for the year ended 31st March, 2023 as against EBITDA during 31st March, 2022. decrease in Current Liabilities. CurrentRatio

The Operating profit margin for the year ended 31st March, 2023 has declined due to decrease in earnings of the Company during the year.

The Net profit margin for the year ended 31st March, 2023 has declined as compared to previous year due to decrease in net profit after tax in the current year. c) Return on Net Worth during the year is -1.01% as compared to 22.81 in the previous year. The change is mainly due to loss reported during the current year.

 

Human Resource Development

Employer-employee relations remained cordial during the year under review. As on 31st March, 2023 There were 2 permanent employees on the rolls of the Company.

 

Cautionary Statement

Statements made in this Management Discussion and Analysis Report describing the Company’s objectives, estimates, expectations or predictions may be forward looking statements, within the meaning laws and regulations and have been made in good faith. Many unforeseen factors may come the actual results, which could be different from what the Directors envisage in terms of future performance and outlook.

 

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RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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