Mrugesh Trading Ltd Management Discussions.

Business Overview

During the year under review, the Company suffered a loss of Rs. 14,05,656.68 /- as compared to previous year loss of Rs. 11,61,202/-. The Loss of Rs. 14,05,656.68/- is added to the debit balance brought forwarded from earlier years resulting into a total debit balance of Previous year, which your director propose to carry over to next year.

Industry Structure and Development

The Company is presently dealing in commodity trading and commission income. The Directors of the Company are exploring opportunity in trading of commodities in changing economic environment.

Our Strength

(i) Experienced execution team & associates

(ii) Good reputation and Brand Image

(iii) Significant Experience

Significant factors affecting our result of operation

Our result of operations and financial conditions are affected by numerous factors including the following:

• Government Policies

• Tax Policies

• Cost of various factors

• Competition to trading sector

Competition

Our Company faces competition from various domestic traders. We believe that our capability, experience and reputation for providing safe and timely quality services allow us to complete effectively.

Discussion on financial performance with respect to operational performance

The Company has incurred losses during the year under review, The Directors of the Company are exploring all possibilities of turning around the Company.

Corporate Governance

Though Corporate Governance, Pursuant to SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 is not applicable to the Company. Your Company has successfully implemented the mandatory provisions of the Corporate Governance in accordance with the provisions of the Companies Act, 2013 as a good Corporate Governance Practice.

Industrial Relations

During the year under review, your Company had cordial and harmonious industrial relations at all levels of the organization.

Forward looking and cautionary statements

Statements in the Management Discussion and Analysis Report detailing the Companys objectives, projections, estimates, expectations or predictions may be forward looking statements with the meaning of applicable laws and regulations. These statement being based on certain assumptions and expectation of future events