nova publications india ltd share price Management discussions

ECONOMIC OVERVIEW

India marked its position as one of the fastest-growing economies globally, and is expected to continue its growth trajectory in 2023. With the ongoing implementation of structural reforms and policies aimed at increasing investment and productivity, coupled with the countrys young and expanding workforce, India is capable of becoming one of the worlds leading economies in the coming years. The Governments focus on boosting entrepreneurship and innovation, coupled with the countrys thriving startup ecosystem and burgeoning digital economy, are further driving growth and creating new opportunities for business entities

BUSINESS REVIEW

The Company was changed its name dated 22.02.2022 to ENCODE PACKAGING INDIA LIMITED for diversification and growth of the Company and started new business line i.e Packaging Business and increased the turnover afterwards.

OPPORTUNITIES & THREATS, RISKS & CONCERN, PERFORMANCE & OUTLOOK

The company bears the normal risk in terms of inherent business risk in the kind of business the company is into. The Board of the company has taken a balanced approach for investing in these activities.

STRENGTHS	WEAKNESSES
• Up to date technology	• Environmental problems.
• Research and Development.	• Cost of equipments.
• Growing international & domestic market.	• Cost of packaging
OPPURTUNITIES	THREATS
• leverage the sustainable packaging segment.	• Highly competitive and cyclical industry.
	• Increasing trend of E-commerce.
• Supply to booming customer industries.	• Restrictive trade practices by consumer countries
• Drive innovation and technology.

RISKS & CONCERNS

Over the years, your Company has achieved an appropriate balance between risk and returns by setting up an efficient risk mitigation system to meet various forms of financial and other risks. The primary risks that the company is exposed to are, credit risk, market risk and operational risk. Deriving from the long years of experience, your Companys policy framework is designed to provide the right balance between business growth and portfolio quality.

OUTLOOK

Your Company shall continue to aggressively pursue to increase its turnover which will further increase margins. This endeavor is expected to result in ample opportunities in future where your Company can perform significantly.

Our Certifications

Environment Safety

Encode Packaging stands for integrity and we use to provide 100% FSC certified paper to our client to support our environment and meet requirements of our client as well Being a FSC certified printer, we promote environmentally appropriate, socially beneficial and economically viable management of the world forests as well.

Certification and Standard

In Encode Packaging we pledge to provide sustainable packaging and contribute in well being of current and future generations. So, we comply with all required standard and certification.

INFORMATION TECNOLOGY

Our company constantly upgrades its technology both in terms of hardware and software. This also helped installing a good management information system for the management to get timely information for decision making.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Internal Control measures and systems are established to ensure the correctness of the transactions and safe guarding of the assets. The control systems set on place are checked and further supplemented by MIS which provided for planned expenditure and information on disposal and acquisition of assets.

HUMAN RESOURCES

Your Company continues to lay great stress on its most valuable resource - people. Continuous training is a critical input to ensure that employees at all levels are fully equipped to deliver a wide variety of products and services to the customer of the company.

CAUTIONARY STATEMENT

Statements in the Management Discussion and Analysis Report describing our Companys objectives, expectations or predictions may be forward looking within the meaning of applicable regulations and other legislations. Actual results may differ materially from those expressed in the statement. Important factors that could influence Companys operations include global and domestic market conditions affecting the availability of resources, changes in regulatory directions issued by the Government, tax laws, economic situation and other relevant factors.