Mega Nirman & Industries Ltd Management Discussions

The Management Discussion and Analysis Report of your company for the financial year ended on 31^st March, 2023 is as under:

a. Industry Structure and Development

The Company is involved in the business of acquiring, dealing in other precious metals, precious stones, jewelry and buying, selling and dealing, wholesale and retailing, in precious metals, precious stones, jewelry and articles made of precious metals, precious stones articles of virtue and objects of art.

During the current financial year the Company has made turnover of Rs. 169.185 lakhs.

b. Outlook, Opportunities and Threats

Mega Nirman & Industries Limited has very strategically build the business to achieve profitable growth while maintaining a healthy Balance Sheet. In times like now, the Company is ahead in the game to not only follow through on the existing growth plans but capitalise on the market opportunity aiming for superior results.

Opportunities:

Increased scalability in adjacent categories Advent of new digital platforms Advanced manufacturing facilities Reinforcing the deep discounting proposition

Replicability and scalability across developing countries Business-friendly government policies

Threats:

Low-cost end-to-end business model being adopted by existing or new competitors. Increase in cyber threats.

FINANCIAL PERFORMANCE OVERVIEW

1. Balance sheet analysis:

A comparative table showing synopsis of FY 2023 vs. FY 2022 is provided below:

Particulars	2023	2022	Increase / (Decrease)
EQUITY AND LIABILITIES
Share capital	334.75	334.75	-
Reserves and surplus	160.02	159.37	+0.65
Net worth	494.77	494.12	+0.65
Non- current liabilities	559.40	559.40		-
Current liabilities	98.072	103.89		-5.818
Total	1156.605	1163.854		-7.249
ASSETS
Non-current assets	871.143	743.914		127.229
Current assets	285.462	419.94		-134.478
Total	1156.605	1163.854		-7.249

2. Profit and Loss analysis:

A comparative table showing synopsis of FY 2023 vs. FY 2022 is provided below:

Particulars	Year ended March 31, 2023	Year ended March 31, 2022	Increase / (Decrease)
Income	169.185	40.991	128.194
Total Expenditure	167.557	31.374	136.183
Net Profit/(Loss) before Tax (PBT)	1.628	9.617	(7.989)
Provision for Income Tax-Current	(0.463)	(2.332)	1.869
Provision for Deferred Tax	0.046	(0.109)	0.063
Profit for the period	1.21	7.176	(5.966)

SEGMENT WISE PERFORMANCE:

The Company has mainly one reportable business segment; hence no further disclosure is required under Indian Accounting Standard (Ind AS) 108 on Operating segment.

RISKS AND CONCERNS:

Please refer to Para 12 of the Boards Report

HUMAN RESOURCES:

Please refer to Para 13 of the Boards Report

INTERNAL CONTROL SYSTEMS:

Please refer to Para 18(xi) of the Boards Report

CAUTIONARY STATEMENT:

The statements made in this report describe MNILs objectives, expectations and projections that may be forward looking statements. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Companies Management.