Priya Ltd Management Discussions.

The information required in compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and forming a part of the Directors Report for the year ended 31st March, 2020.

OVERVIEW OF THE ECONOMY

Electronics industry occupies an important place in the economy. As a key industry, it links every sector and facilitates to the growth of the economy The Electronics industry is characterised by short product life cycles, falling prices, high obsolescence costs and rapid changes in technology. Import of electronics goods at cheaper price, may affect our domestic firms. As the price of electronics goods is falling, domestic demand for the electronics goods have been rising. India cannot afford to depend on imports entirely to meet its domestic requirement. To be self-sufficient the electronics industry requires a strong hardware base with adequate capital and advanced technology. To strengthen this industry, domestic technology may not be sufficient and to fill the technology gap import of technology is very essential.

OPPORTUNITIES AND THREATS I) OPPORTUNITIES

Thin Clients market comprising of Impact and recovery of Covid-19, leading manufacturers, share, value analysis, product types, and market size with five years revenue forecast. In addition, report represents the companies data, involving revenue, gross profit, shipment, price and other essentials. Companies operating in the global Thin Clients market are focusing on merger and acquisitions and new product launches to gain competitive advantage. Growth strategies adopted by these companies are studied in detail in the Thin Clients report. The report also includes several valuable information on the Thin Clients market, derived from various industrial sources.

II) THREATS

In an unprecedented global health crisis, trade is essential to save lives and livelihoods; and international co-operation is needed to keep trade flowing. In the midst of significant uncertainty, there are four things we can do: 1) boost confidence in trade and global markets by improving transparency about trade-related policy actions and intentions; 2) keep supply chains flowing, especially for essentials such as health supplies and food; 3) avoid making things worse, through unnecessary export restrictions and other trade barriers; and 4) even in the midst of the crisis, think beyond the immediate. Government support today needs to be delivered in a way that ensures it serves the public interest, not vested interests, and avoids becoming tomorrows market distortions.

SEGMENT-WISE PERFORMANCE

As per Accounting standard AS-17, the business of the Company falls under only one segment of business; hence segment report is not applied. RISK AND CONCERNS Due to increased competition your company lost many important clients resulting in losses. The software business is very customer specific and it is very difficult to regain business once it is lost. Our efforts are on to revive the business but we are skeptical because the COVID pandemic has disrupted the entire business. We are hopeful of reviving the business as soon as COVID subsides and businesses are back to normal. INDUSTRY OUTLOOK

Extremely challenging times ahead to sustain existing business due to company bank accounts are NPA and Covid effect.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

During the year under review the Company has achieved a turnover of Rs.485.90 Lakhs as against Rs.2208.85 Lakhs in the previous year. During the year the Company has incurred Net loss of Rs. 3,968.73 Lakhs as against Net loss of Rs. 1622.60 Lakhs in the previous year.

The Earning per share (EPS) of the Company was negative for current year and previous year.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

Commensurate with the size and nature of operations, the Company has adequate system of internal control and procedures covering all financial and operating functions. It believes that a good internal control framework is one of the most indispensable factors of Corporate Governance. The audit committee supervises all aspects of internal functioning and advise corrective action as and when required.
INDUSTRIAL RELATIONS AND HUMAN RESOURSE DEVELOPMENT

Industrial Relations continued to be harmonious and cordial throughout the year. The Company always valued its Human Resources and believes in unlimited potential of each employee. The Company has 31 numbers of Employees as on 31st March, 2020.

CAUTIONARY STATEMENT

Statement in this management discussion analysis describing the Companys objectives, projections, estimates, expectations may be forward looking within the meaning of applicable securities-laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could make differerence to Companys operations include economic conditions affecting the domestic market and the overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and other incidental factors.