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. 41.94% 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 2018-19 2017-18
Inventory Turnover Ratio 4.10 6.75
Interest Coverage Ratio 0.86 1.60
Current Ratio 1.22 1.39
Debt Equity Ratio 1.27 0.72
Operating Profit Margin (%) (0.01) 0.03
Net Profit Margin (%) (0.01) 0.02

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 2018-19 is 7,96,17,327.08 and the net worth of for FY2017-18 is 7,50,35,078.32

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 2018-19 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 2018-19.

For and on behalf of the Board of
Mudunuru Limited
Sd/-
Place: Hyderabad Uday Bhaskar
Date: 14.08.2019 Whole-Time Director
(DIN: 2773570)