Newever Trade Wings Ltd Management Discussions

INDUSTRY OVERVIEW

Industrial sector plays an important role in realizing higher economic growth in the country. India has become one of the most attractive destinations for investments in the manufacturing sector. With the help of Make in India drive, India is on the path of becoming the hub for hi-tech manufacturing as global giants or are in process of setting up manufacturing plants in India, attracted by Indias market of more than a billion consumers and increasing purchasing power. Foreign Direct Investment (FDI) inflows in Indias manufacturing sector grew. Various initiatives launched by the Government of India, such as ‘Make in India, ‘Invest India, ‘Start-Up India, and e-biz Mission Mode projected under the National e-Governance plan are expected to further improve the ease of doing business and provide a boost to manufacturing in the Country. The Agriculture and Allied sector witnessed an improved rate of growth in FY. This is largely on account of normal monsoon throughout the Country for the current fiscal.

OUTLOOK

The outlook for the Company appears bright on a long term basis. The Company is hopeful that its performance would be encouraging in the coming years. In line with the increase in revenue, the company foresees handsome growth in its bottom line also.

Your Company is engaged in the business of Trading in Iron & steel and other commodities, which is one of the basic industries of the country and plays an important role in strengthening the economy. Iron is the most important and widely used metal in the world, due to its hardness, strength and durability. Actually we live in an iron and steel age. The iron and steel industry is the basic or the key industry as all other industries depend on it. The growth in the Indian iron and steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to Indias manufacturing output. So with the growing Economy there will be immense opportunities for your company to improve its results. The vision of your Company is to strive towards recognition as key player in commodities, Iron & Steel Industries and to achieve its objectives with excellence, fairness & courtesy towards factors of the organization. Your Company commits itself to ethical and sustainable operation and development of all business activities according to responsible care and its own code of conduct.

The threats for the companys business mainly comprises of changes in government policies of various countries. However the management with its dynamism in consultation with its core team can tune in with the threats (if any) due to government policy changes.

RISK AND CONCERNS:

Risks can come from uncertainties in financial markets, legal liabilities, credit risk, accidents, natural causes and disasters. Your Company has adopted appropriate procedure and policies to safeguard it against such type of risks and uncertainty.

HUMAN RESOURCES:

Your Company believes in creating a workspace where diverse set of people can contribute and thrive. Our Vision is to deliver best service at optimal cost by making every employee a fully engaged and aligned team member. Developing and strengthening capabilities for all employees in your Company has remained an ongoing priority.

CAUTIONARY STATEMENT:

Certain statements made in the Management Discussion and Analysis Report relating to Companys objectives, projections, outlook, expectations, and estimates may constitute forward looking statements within the meaning of the current market and economic scenario with applicable laws and regulations. Actual results may differ from such expectations, projections in the capital market. Several other factors also could make a significant difference to the Companys operations such as economic condition, Government regulations and taxation, etc.