Maa Jagdambe Tradelinks Ltd Management Discussions.

Overall Review

Your Company was engaged in trading and distribution activities during the year. The Indian government has come up with a number of export promotion policies for the textiles sector. Huge investments are being made by Government under Scheme for Integrated Textile Parks (SITP) and Technology Upgradation Fund Scheme (TUFS) to encourage more private equity and to train workforce. Growth in private consumption is expected to create strong domestic demand for textiles.

Industry Structure and Development

Indias textiles sector is one of the oldest industries in Indian economy dating back several centuries. The Indian textiles industry is extremely varied, with the hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital intensive sophisticated mills sector at the other end of the spectrum. It has the capacity to produce a wide variety of products suitable to different market segments, both within India and across the world. Recent government policy and promotions, rising per capita income, favorable demographics and a shift in preference to branded products to boost demand. India continues to be major player in textile business. Forex volatility is something that Industry has to be geared to face, using the tool of hedging most judiciously and conservatively for both export and import.

Opportunities and Threats

The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players into the Indian market. For the international business, the market share being yielded by China, the Economic Packages by the Government are potentially powerful building blocks. The exploitation of the opportunities in the textile segment which is a major component of world trade may reap rich dividend. As regards threat it could be from forex volatility. War like situation between major countries could be a major threat.

Segment-wise/Product-wise Performance

Your Company has only one reporting segment. The revenue for the year was Rs. (0.275) lakh and the profit after tax was Rs. (93) lakh.

Outlook

Huge investments are being made by Government under various schemes of government for consistent focus on revival of industry. 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.

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. 0.185 lakh in comparison to Rs. 268.77 lakh during the previous year. The Company has earned net loss after tax of Rs. (93.12) lakh in comparison to Rs. (19.77) lakh during the previous year. The profitability was adversely affected due to online shopping. Your Company is exploring and will continue to explore various avenues so that it can add to its growth and maximization of wealth of its shareholders.

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.

The ratios of current year is not comparable with previous year since there was negligible business activities in current year due to unfavorable market conditions in the textile industry

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.