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 your company opportunity is primarily engaged in the manufacture and exports of leather garments are back in fashion in the western world, the company is hopeful of good future, and threats competition from China & Pakistan, Shortage of skilled manpower and shortage of finished leather.

3) SEGMENT-WISE/ PRODUCT-WISE PERFORMANCE:

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

4) OUTLOOK: FINANCIAL OUTLOOK

The Companys turnover has decreased due to several adverse factors mainly from China. Further, synthetic garments and jackets are giving competition. Though this financial year was weak but your management is quite hopeful that profitability of the company will return in future.

COMPANY OUTLOOK

Future outlook for the company is good.

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. The same are renewed by the Board from time to time. 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 fell to 12.97 Lakhs in 2022-23 against 375.86 Lakhs in 2021-22, resulting in a decline of 96.57%. The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and relevant Accounting Standards.

PROFITS

The Companys Net Loss decreased from Rs. 25.05 in 2022-23 against Net Profit of Rs. 173.12 in the year 2021-22.

EARNING PER SHARE (EPS)

The Company recorded an EPS of Rs. (0.759) in Financial Year 2022-23 as compared to Rs. 5.246 in Financial Year 2021-22.

DIVIDEND

In order to meet the additional working capital requirements of the Company, No Dividend has been declared.

8) HUMAN RESOURCES :

The Company believes that the workers are the backbone of the Company. It is providing an opportunity to all the employees to utilize their full potential and grow in the organization. As on 31.03.2023 the total number of employees were 02.

9) Disclosure of Accounting Treatment

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

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.

By Order of the Board For an on behalf of Oscar Global Limited

	Sd/-
	Karan Kanika Verma
Date : 22.08.2023	Chairman & Managing Director
Place : New Delhi	DIN: 00034343