> INDUSTRIAL STRUCTURE AND DEVELOPMENT:
The company is engaged in the business of Construction, Media Businessand Bio Diesel
Mineral Business.
"Real Estate" is one of the best growing sectors of the Country, but it is as
well a phase vital for Indias economy due to its large potential for employment
generation, capital magnetism and revenue generation for the Government. During the year,
the real estate sector witnessed a slowdown due to moderate end user demand, rising
inventory and high finance costs. However, despite adverse sector dynamics, prices were
resilient in most cities and have dropped only in select micro markets. Although the
current market situation in the sphere is affected adversely but overall Performance of
the Company is satisfactory.
The Company is also engaged in the business of news broadcasting and digital marketing.
Indian Broadcasters are now under increasing pressure to present superior quality content,
as is reflected in some recent trends. The television industry in India continues to
undergo solid competition from the digital cable and satellite TV industries. The cable TV
industry, in special, represents a bigger threat to future industry growth. A number of
elements points to low development in advertising revenue, including forecast low
economical growth, the declining total share of the TV audience, and competition from new
media. With the current Governments approach being industry enabling, we can hope for the
policy majors for ease of doing business.
The Board of Directors of the Company has determined to attain new altitude in business
field and to achieve further escalation. To accomplish the set goals, the company is
engaged in the activity of Energy Management & their products, by-products and other
related services. The Management has vision that there is enormous scope and opportunities
in this activity which will ultimately escort the Company to the new elevation of victory
and growth.
> OVERVIEW:
The Financial Statements have been prepared in compliance with the Indian Accounting
Standards (IND-AS) issued by the Institute of Chartered Accountants of India (ICAI) which
have been notified under the Companies (Indian Accounting Standards) Rules, 2015 (IND AS
Rules), of the Companies Act, 2013. The management of the Company accepts responsibility
for the integrity and objectivity of these financial statements made on a prudent and
reasonable basis, in order that the financial statements reflect in a true and fair manner
the form and substance of transactions, and reasonably presents the Companys state of
affairs and loss for the year.
> THREATS:
COMPETITION:
Competition in the domestic as well as international market has intensified and
strained the company to adopt aggressive marketing strategy and promotional campaigns to
detain and defend their market shares. The Company has the plans to penetrate better in to
market, especially through the customer retention and business development in the regions
which have not been tapped. The Company is under constant pressure to develop trade and
supply new and novel merchandise in shorter time cycles, at condensed cost, and with
enhanced quality.
> SEGMENT WISE AND PRODUCT WISE PERFORMANCE:
The Company operates in diverse segments - Construction, Media Business and Bio Diesel
Mineral Business. Each industries are competent. There are mainly three segments in the
construction industry like real estate construction which includes residential and
commercial construction; infrastructure building.
The construction industry in India is highly fragmented. There are number of
unorganised players in the industry which work on the subcontracting basis. To execute
more critical projects, now-a-days bids are increasing placed in consortium. But the
profitability of the construction projects varies across different segments. The media and
broadcasting segment in which Company has ongoing its operations are wide and varied. The
Company has extended its area of action and looking forward in this epoch of
digitalisation. Moreover the industrial energy management systems contributed considerable
revenue share in 2023 owing to rising inclinations toward achieving energy efficiency.
Further, the increasing adoption of energy management solutions across different market
verticals has also fuelled the market penetration in the recent years. As a result, the
trend is expected to continue in the coming years driving the market growth of industrial
EMS and thereby holding the significant market share in the forecast period.
> RISK AND CONCERN:
The risk management function is integral to the company and its objectives includes
ensuring that crucial risk are recognized continuously, scrutinized and administered
effectively in order to protect the companys business.
However, the changes in the tax laws, Government policies and regulatory requirement
might affect the companys business. Uncontrolled variation in price of input materials
could impact the companys profitability to the extent that the same are not absorbed by
the market through price increase and / or could have a negative impact on the demand in
the market. The company is operating in highly competitive market.
The management has already taken initiatives in advance for mitigating the above
mentioned risk and concerns/challenges. The company has taken key programmers like strong
promotion efforts, focus on expenditure diminution, and retain endowed employees etc.
> INITIATIVES BY THE COMPANY:
The Company has taken the following initiatives:
• Focus on reduction of costs by undertaking specific exercise in diverse fields.
• Concentration in magnification of proceeds.
The Company is quite confident that the overall profitability would improve in a
sustainable manner, as a result of this strategy.
> OUTLOOK:
In todays age of competition, Companies are under steady pressure to develop, trade
and supply new and pioneering products in shorter time cycles, at reduced cost, and with
superior quality. The profit margins in the industry are under pressure. However, the
Company has taken curative measures. The Company is certain to meet the challenges with
its potency in market, its strategic planning, upgrading and price decline exercise.
> INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
Your Company places significant prominence and efforts on the internal control systems.
The Company has appointed Internal Auditor for the same with such powers and
responsibilities that are required to ensure the competence of the internal Control
System.
> HUMAN RESOURCE:
Your Company strongly believes that employees are the most precious assets and key
players of business triumph and continual escalation. Various employee benefits,
recreational and team building efforts are made to augment employee skills, motivation as
also to foster team spirit. Industrial relations were cordial throughout the year.
> HEALTH, SAFETY AND ENVIRONMENTAL PROTECTION:
Your Company has act in accordance with all the applicable laws. The Company has been
complying with the relevant laws and has taking all obligatory measures to protect the
environment.
> CAUTIONARY STATEMENT:
All statements made in "Management and Discussion Analysis Report" have been
made in good faith. Many unforeseen factors may come into play and influence the actual
results, which could be divergent from what the Management predicts in terms of
performance and outlook. Market data, industry information etc. contained in this Report
have been based on information gathered from various published and unpublished reports and
their accuracy, reliability, and completeness cannot be assured. Factors such as economic
conditions affecting demand/supply and priced conditions in domestic and international
markets in which the Company operates, and changes in Government regulations, tax laws,
other statues and other supplementary factors, may affect the concluding outcome and
performance of the Company.
> DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL REPFORMANCE:
In terms of performance, FY 2022-23 has been a reasonable year. Company is focussed on
the task on hand in terms of better reliability of operations and more focussed market
efforts. Our financial performance reflected the pragmatic operational performance. The
entity has earned profit of Rs. 1.59(in Lac). Cash and cash equivalents at the end of year
stood at Rs. 10.18 (in Lac).
> DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS:
Particulars |
2022-23 |
2021-22 |
|
|
|
Debtors Turnover Ratio |
2.39 |
8.07 |
Inventory Turnover Ratio |
4.43 |
0.00 |
Interest coverage ratio |
- |
- |
Current Ratio |
2.39 |
8.07 |
Debt Equity Ratio |
0.87 |
0.87 |
Operating Profit Margin |
1.95 |
- |
Net Profit Margin |
0.23 |
0.00 |
Return on Networth |
0.28 |
- |
P/E Ratio |
17.92 |
- |
> DETAILS OF ANY CHANGE IN RETURN ON NET WORTH AS COMPARED TO THE IMMEDIATELY
PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION THEREOF:
Even though the Company has rational retribution but due to adjustment of past years
losses, your Company fall short to earn significant sum as return on Net Worth.
Place: Ahmedabad For and on behalf of the Board
Date: 8th September, 2023
SD/-
Dharm S. Patel Managing Director DIN:07464810
SD/-
Hina S. Patel Director DIN:01987053
ANNEXURE - I TO THE DIRECTORS REPORT
FOREIGN EXCHANGE EARNINGS AND OUT GO:
|
2022-22 |
2020-21 |
Foreign Exchange Earning |
Nil |
Nil |
Foreign Exchange out go |
Nil |
Nil |
Place: Ahmedabad |
For and on behalf of the Board |
Date: 8th September, 2023 |
|
SD/-
Dharm S. Patel Managing Director DIN:07464810
SD/-
Hina S. Patel Director DIN:01987053
+91-9892691696
