Oscar Global Ltd Management Discussions

1) INDUSTRY STRUCTURE & DEVELOPMENTS:

The leather industry in India is undergoing a transformation from a mere exporter of raw material in the sixties to hat of value added finished products in the nineties. In the wake of globalization of Indian economy supported with liberalized economic and trade policies since 1991, the industry is poised for further growth to achieve greater share in the global trade.

2) STRENGTH, WEAKNESS, OPPORTUNITIES AND THREATS:

At present the leather garments are not in use therefore, as your company was primarily engaged in the manufacture and exports of leather garments has to shut down its operations. There are threats competition from China & Pakistan., Shortage of skilled manpower and shortage of finished leather also were cause of closing of operations. Your board is exploring opportunities in which the company could venture in future.

3) SEGMENT-WISE/ PRODUCT-WISE PERFORMANCE:

The Company primarily operates in one segment that is leather garments.

4) OUTLOOK: FINANCIAL OUTLOOK

Your Company could not make any turnover from its main line operations for the reasons explained in the board report. Further, synthetic garments and jackets are giving tough competition. Though this financial year was very weak but your management is quite hopeful that profitability of the company will return in future.

COMPANY OUTLOOK

Your board is exploring opportunities in which the company could venture in future.

5) RISKS AND CONCERNS:

The Risk Management policies of the Company ensures that all the moveable and immoveable assets of the Company are adequately covered. Besides the Company is prone to usual risks of the business like change in demand, any change in export policy of the Government, international agreements on trade and tariffs etc.

6) INTERNAL CONTROL SYSTEMS AND ADEQUACY:

The Company has developed an internal control system and procedures to ensure efficient conduct of business and security of its assets. Management Information System has been developed through which production performance and financial dealings are monitored by management on regular basis.

7) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The Total Revenue for the year decreased to Rs. 15.51 Lakhs in FY 2024-2025 in comparison of Rs. 22.55 Lakhs in 2023-2024, resulting in a decline of 20.29%. The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and relevant Accounting Standards (Ind AS).

LOSS The Companys incurred a Net Loss of Rs. 21.06 lakh in 2024-25 against Net loss of Rs. 7.45 lakh in the year 2023-24.

EARNING PER SHARE (EPS)

The Company recorded an EPS of Rs. (0.64) in Financial Year 2024-25 as compared to Rs. (0.23) in Financial Year 2023-24.

DIVIDEND

In view of the losses, no dividend has been recommended.

8) HUMAN RESOURCES :

As Company has closed operations there were no workers during the period under review. As on 31.03.2025 the total number of employees were 02 (Two).

9) Disclosure of Accounting Treatment

The Financial Statement has been prepared in Accordance with the Principles laid down in Accounting Standards (Ind AS).

10)CAUTIONARY STATEMENT :

Certain statements in the Management Discussion and Analysis describing the Companys views on the industry, expectations/predictions and objectives etc. may be forward looking within the meaning of applicable laws and regulations. Actual results may differ from those expressed or implied in these statements. The Companys operations may, inter-alia, be affected by the supply and demand situations, input prices and availability, changes in Government regulations, tax laws, government or court decisions and other factors such as industry relations and economic developments etc.

For an on behalf of

Oscar Global Limited

 

Sd/-

Karan Kanika Verma

DIN: 00034343