modern shares stockbrokers ltd Management discussions

Management discussion And Analysis

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo pursuant to Section 217 (1) (e) of the Companies Act, 1956 and Companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988.

A. Conservation of Energy

1) Measures taken	: a) The hot water washing system after Heat Treatment replaced with washing system working at Room Temperature in the furnace.
	b) Inefficient compressor replaced with energy efficient compressors.
	c) Changes made in the plating tank to make the zinc deposition process more energy efficient.
	d) New shop floor light used are energy efficient LED lights
	e) Small Kaizens carried out in each section to conserve energy
	f) In some forging machine higher Horse Power motor replaced with smaller motor
2) Additional investment proposals, if any, for reduction of consumption per unit production	: 1. The Hot water heating system line re-laid to make it more energy efficient.
	2. Energy audit planned to identify possibilities of energy consumption reduction
	3. Furnace operating temperatures are being reviewed to lower the same so as to save energy
3) Impact of (1) & (2)	: Optimum use of energy
4) Total energy consumption and energy consumption per unit of production.	: As given in Form A (enclosed)

B. Technology Absorption

1) Specific areas	: Technical Centre established for testing functional requirement of the product. It will help to carry out product validation
2) Benefits	: With the implementation of the Technical Centre product endurance test being carried out.
3) Future plan of action	: To optimally use the Technical Centre for product validation
4) Expenditure on R&D	: The Company has not incurred any expense towards R&D during the Financial Year under review.

Technology Absorption, Adaptation & Innovation

1) Efforts made

: The Company keeps itself updated with latest technological innovations by way of constant communication, personal discussions and visits to foreign countries/plants and benchmarking best practices

C. Foreign Exchange Earnings and outgo:

1) Efforts	: The company made exports worth Rs. 2438.05 Lacs in the year as compared to Rs. 2604.05 Lacs in the previous year decreased by 6.37% approx.
	In past few years we have added new customers in our portfolio across the globe. Most of our customers have shown their keen intent to engage with STL as their preferred supplier and work as a long term strategic partner, resulting in increase in new parts and business with existing customers. This intent is based on the demonstrated ability to supply superior quality critical and complex parts at most competitive prices.
	The Company participated in overseas Trade Fairs to display its products and to tap new overseas customers. Responses to company’s products are good resulting in fresh enquiries from various customers.
2) Earnings and Outgo	: (1) Foreign Exchange earnings Rs. 243,805,262.00
	(2) CIF Value of imports Rs. 32,197,963.00
	(3) Expenditure in Foreign Exchange Rs. 15,552,028.00

Form A a) Power and fuel consumption

	Current Year	Previous Year
1. Electricity
(a) Purchased
Unit (KWH’ 000)	18777	18205
Total amount (Rs in lacs)	1214	927
Rate/unit (Rs)	6.47	5.09
(b) Own generation
I. Through diesel generator
Unit (KWH’000)	7047	8030
Unit per ltr of diesel oil	3.59	3.59
Cost/unit (Rs)	10.84	10.03
II. Through steam turbine/generator	Nil	Nil
Units
Units per ltr of fuel oil/gas
Cost/units
2. Coal (specify quantity and where used)	Nil	Nil
Quantity (tonnes)
Total cost
Average rate
3. Furnace Oil	Nil	Nil
Quantity (K.ltrs)
Total amount
Average rate
4. Other/internal generation	Nil	Nil
b) Consumption per unit of production
(Per MT of High Tensile Fasteners)
Electricity (in KWH)	858	760
Diesel (in Liter)	90	93
Coal (specify quality)	Nil	Nil
Others (specify)	Nil	Nil

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

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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.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

ATTENTION INVESTORS

Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

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.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.

modern shares stockbrokers ltd Management discussions

ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.

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ATTENTION INVESTORS

Risk Disclosure on Derivatives

We are ISO 27001:2013 Certified.