The Management Discussion and Analysis Report of your company for the financial year ended on 31st 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.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.