RSC International Ltd Management Discussions

The Management Discussion and Analysis as required under Regulation 34 of the SEBI (LODR) Regulations, 2015 is presented in a separate section forming part of the Annual Report.

Business Outlook

The company is presently engaged in agency business of synthetic fabrics. The Company is trying to expand its business into export of fabrics and other related material where the company expects many opportunities. The Company hopes to achieve good results in this line with the acceptance of Indian products in global market. Presently the company is doing agency business of fabrics.

Opportunities and Threats

The opening of the International market has bought about a host of opportunities with unique set of challenges. The dismantling of quota system has given an added advantage and huge opportunity to India as compared to other countries including China. This is especially because viscose fiber is available in abundant quantity in India as compared to other countries. Thus, in India new designs can be introduced faster allowing Indian manufacturers to cater to the larger section of the society with a variety of color choices and designs which are not feasible for the Chinese manufacturers. This is one of the reasons that the Indian fabrics, particularly viscose suiting dominates the market as compared to the Chinese fabrics. India, therefore, has a massive edge compared to China in viscose polyester fabrics.

Internal Control System

The company had the internal audit and control system to ensure that all transactions are authorized, recorded and reported correctly. The internal control system consists of comprehensive internal and external audits. The company has an Audit Committee of three directors of the company. The Audit Committee reviews the adequacy of internal control systems and findings of internal audit are followed by the company to improve the system. Moreover, the Annual Financial Results of the company were reviewed and recommended by the Audit Committee for consideration and approval of the Board of Directors. The Audit Committee met 4(four) times during the year ended March 31, 2024.

Financial Review and Analysis

(a) Share Capital

The authorised share capital of the company is Rs. 7,00,00,000/ - comprising of 70,00,000 equity shares of Rs. 10/ - each. The paid-up capital of the Company is Rs. 5,28,86,000. There was no change in the paid-up share capital and authorized capital of the Company.

(b) Loan funds

No secured loan is outstanding at the year end.

(c) Current Assets

At the end of the current period, Current Assets of the Company as on31.03.2023 were Rs. 7,43,686/- and as on 31.03.2024 were Rs. 32,67,631/-

(d) Sale

During the year under review the Company has made sales Rs. NIL as on 31.03.2023 and Rs. 43,06,472 as on 31.03.2024.

Human Resource Management

Human resources are a valuable asset for any organization. However, due to small business activities, the Company has only one employee and giving emphasis to upgrade the skills of its human resources. This is in keeping with its policy of enhancing the individuals growth potential within the framework of corporate goals.

Cautionary Statement

Statements in this Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations or predictions may be "forward looking statements" within the meaning of applicable Securities Laws and Regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include cyclical changes and pricing in the Companys principal markets, changes in Government Regulations, tax regimes, economic developments within India and other incidental factors.