Mudunuru Ltd Management Discussions.

Overview:

We always want to look ahead and push ourselves to reinvent and re innovate. We took this opportunity to be introspective and realized our core strengths. We do not see these restrictions as a hurdle but an opportunity to explore new markets and new fields. We believe that with over 30 years of combined management experience in the capital markets and corporate space in India enable us to be competent in this field.

Opportunities and Threats:

Any adverse change in the policies of the Government, Recession etc may further adversely affect the profitability.

The product is at once subjected to local, national and international competition.

Segment wise or product wise performance:

Software development plays major role in companys performance. 100% of revenue is being generated out of this

Internal Control & Adequacy:

The company has adequate internal control system to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition.

Risk Management System:

The company manages our business risk through strict compliance and internal control system.

Risk and Concerns:

Any adverse change in the financial services business or negative policy of Government will affect the companys sector adversely.

Outlook:

Company is focusing on service-based activities. The company is planning to enter the management consulting and fund syndication space. We believe that with over 30 years of combined management experience in the capital markets and corporate space in India enable the company to be competent in this field. The company has decided to venture into different business through investments in subsidiaries company.

Details of significant changes in ratio as compared to the immediately previous financial year:

Description 2 0
Inventory Turnover Ratio 3.64 4
Interest Coverage Ratio (23.03) 0 8
Current Ratio 1.10 1
Debt Equity Ratio 1.37 1
Operating Profit Margin (%) (1.52) (0.01)
Net Profit Margin (%) 1.51) (0.01)

Human Resource:

Company has adequately trained and well experienced personnel. Our employees are highly motivated and work in line of the organizational goal.

Details of any change in Return or Net Worth as compared to the immediately previous financial year:

The net worth of the company for FY 2019-20 is 1,77,87,338 and the net worth of for FY 2018-19 is 7,99,63,068

Cautionary Statement:

The statements made in this report describe the Companys objectives and projections that may be forward looking statements within the meaning of applicable laws and regulations. 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 Company.

CODE OF CONDUCT

The Company has formulated and implemented a Code of Conduct for Board Members and Senior Management of the Company. Requisite annual affirmations of compliance with the respective Codes have been made by the Directors and Senior Management of the Company.

Certificate of Code of Conduct for the year 2019-20 as per Regulation 17(5) read with Regulation 34(3) Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mudunuru Limited is committed for conducting its business in accordance with the applicable laws, rules and regulations and with highest standards of business ethics. The Company has adopted a “Code of Ethics and Business Conduct” which is applicable to all director, officers and employees.

I hereby certify that all the Board Members and Senior Management have affirmed the compliance with the Code of Ethics and Business Conduct, under a certificate of Code of Conduct for the year 2019-20.

For and on behalf of the Board of Mudunuru Limited

Sd/- Uday Bhaskar W (DIN: 2773570)

Place: Vishakhapatnam Date: 03.12.2020

CERTIFICATE BY THE WHOLE-TIME DIRECTOR AND CFO OF THE COMPANY

To

The Board of Directors

Mudunuru Limited

Dear Sirs,

As required under Regulation 17(8) read with Part B, Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we state that:

1. We have reviewed the financial statements and the cash flow statement for the year ended 31st March 2020 and to the best of our knowledge and belief;

a. These statements do not contain any materially untrue statement nor omit any material fact nor contain statements that might be misleading, and b. These statements present a true and fair view of the companys affairs and are in compliance with the existing accounting standards, applicable laws and regulations.

2. There are, to the best of my knowledge and belief, no transactions entered into by the company during the year, which are fraudulent, illegal or violative of the companys code of conduct.

3. We accept responsibility for establishing and maintaining internal controls, we have evaluated the effectiveness of the internal control systems of the company and we have disclosed to the auditors and the audit committee, deficiencies in the design or the operation of internal controls, if any, of which we were aware and the steps that we have taken or propose to take and rectify the identified deficiencies and,

4. That we have informed the auditors and the audit committee of: a) Significant changes in the internal control during the year; b) Significant changes in accounting policies during the year and that the same have been disclosed in the notes to the financial statements; and c) Instances of significant fraud of which we have become aware and the involvement of any employee having a significant role in the companys internal control system.

For and on behalf of the Board of Mudunuru Limited
Sd/- Sd/-
J M S Sanyasi Raju P. Uday Bhaskar
Chief Financial Officer W hole-Time Director
(DIN: 02773570)

Place: Vishakhapatnam

Date: 30.07.2020

DISCLOSURE WITH RESPECT TO DEMAT SUSPENSE ACCOUNT/ UNCLAIMED

SUSPENSE ACOUNT

As per Regulation 34(3) read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company hereby discloses the details of unpaid/unclaimed dividend and the respective share thereof as follows:

Aggregate No. of Shareholders and the outstanding shares in the suspense account at the beginning o f the year. No. of shareholders who a pproached the company for transfer of shares from suspense a during the year. No. of shareholders to whom shares were transferred from suspense a ccount during the year. Aggregate No. o f Shareholders and the outstanding shares in ccount the suspense account at the end of the year.
NIL NIL NIL NIL

** Voting Right on these shares shall remain frozen till the rightful owner of such shares claims the shares.

Note: The Company has never declared dividends since its inception and therefore there is no amount lying in unpaid/unclaimed dividend account.