Samyak International Ltd Management Discussions.

With respect to GDP growth, the extent of divergence between the projected growth rate of the economy and the actual outcome is disconcertingly large. Rapidly changing global economic & business conditions and technological innovation are creating an increasingly competitive environment that is driving companies to transform their operations globally. The divergence between expected growth rates and actual growth rate is large. Yet, overall investment and fixed investment rates have remained reasonably high. Company is committed to satisfy the clients with improved quality and accelerated delivery schedules with a focus on developing long term relationships and strengthening strategic partnerships. There has been no occurrence of any event or circumstance since the date of the last financial statements that may materially and adversely affect or is likely to affect the trading or profitability of our Company or the value of our assets or our ability to pay our liabilities.

B. INDUSTRY STRUCTURE & DEVELOPMENT

The Indian chemical industry is among the established traditional sectors of the country that play an integral role in the countrys economic development. This sector forms a part of the basic goods industry and is a critical input for industrial and agricultural development. The Indian chemical industry is one of the oldest industries in India and has made immense contribution to the industrial and agricultural development of India. It encompasses both large and small-scale units. The chemical industry covers over 70,000 commercial products, and provides the feedstock to many downstream industries such as finished drugs, dyestuffs, paper, syntheticrubber,plastics,polyester,paints,pesticides,fertilizersanddetergents.

The chemical sector has witnessed growth of 12-13% in the last 5 years while petrochemicals have registered a growth of 8-9% over the same period. Indias chemical industry is likely to touch $214 billion (approx 13,91,000 crore) in the next four years from $139 (approx 9,03,500 crore) in fiscal 2016 with estimated growth of around 9 per cent a year amid growing demand scenario Chemicals constitute 5.4% of Indias total exports. India already has a strong presence in the export market in the subsegments of dyes, pharmaceuticals and agro chemicals. India exports dyes to Germany, the UK, the US, Switzerland, Spain, Turkey, Singapore and Japan. With promising growth trends in the chemicals industry, this internal consumption is also set to rise. Indian Chemical Industry is the 6th largest in the world and the 3rd largest in Asia. The Indian chemical and petrochemical industry currently stands at USD 118 Bn and is expected to grow at a CAGR of 8% for the next five years. The share of this sector in the manufacturing GDP was 15% during 2012-13 and it accounted for ~ 9% of the total Indias exports. Bulk chemicals form the largest sub- segment of Indian chemical industry with 40% market share whereas specialty chemicals with ~ 19% market share is the fastest growing segment. Together, Gujarat, Maharashtra and Uttar Pradesh account for more than 50% of Gross Value Add (GVA) and Gross Output of the chemical and petrochemical industry From the year 2016-17 company is process of entering in market of "Trading in Spices". India is the worlds largest producer, consumer and exporter of spices. Samyak International Limited is mainly engaged in Trading, importing, exporting of various commodities dealing in all type of chemicals and petrochemicals products. It has already entered into Joint-Venture with Canadian nationals for processing and splitting of Pulses with 49% equity.

C. RISKS & CONCERNS

The business of the company totally depends upon the changes taking place in the economy either it be relating to fluctuations in stock and capital market, regulations governing such markets, government policies, taxation policies, changes taking place in global economies, etc. The growth of industry provides necessary opportunities for the company to grow. However, the company is under constant pressure due to steep competition from unorganized sector and industrial scenario in the nearby area.

The companys strength is built around domestic and international marketing network. The company has a network of 3 marketing offices in India as well as over 30 corporate customers and over 3 channel partners as a part of its domestic network which is comprised from various industry segments, allowing the company to de-risk its business. The company does face threats from imports and other new emerging players in these product lines.

D. SEGMENT-WISE PERFORMANCE

The operation of the company consists of the single statement. Hence, Accounting Standard on Segment Reporting (AS-17) issued by The Institute of Chartered Accountants of India does not apply.

Factors that may affect results of the operations:

Financial conditions and results of operations of the company are affected by numerous factors inter alia- Growth of unorganized sector and threat from local regional players Change in freight and forwarding charges General economic and business conditions Companys ability to successfully implement our growth strategy Prices of raw materials the company consume and the products it manufacture Changes in laws and regulations relating to the industry in which the company operates Changes in political and social conditions in India Any adverse outcome in the legal proceedings in which the company is involved The loss or shutdown of operations of our Company at any time due to strike or labour unrest or any other reasons.

E. INTERNAL CONTROL AND ADEQUACY

The Company has a defined organization structure and has developed well policy guidelines with predefined authority levels. An extensive system of internal controls to ensure optimal utilization of resources and accurate reporting of financial transactions and strict compliance with applicable laws and regulations has also been implemented. The Company has put in place sufficient systems to ensure that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are authorized, recorded and reported correctly. Also, the company has an exhaustive budgetary control system to monitor capital related as well as other costs, against approved budgets on an ongoing basis.

F. MATERIAL DEVELOPMENT IN HUMAN RESOURCES / INDUSTRIAL RELATIONS

FRONT

The Companys human resources philosophy is to establish and build a strong performance driven culture with greater accountability and responsibility at all levels. To that extent the Company views performance and capability as a combination of the right people in the right jobs, supported by the right processes, systems, structure and metrics. The Industrial relations remained normal at all locations and there were no significant labour issues outstanding or remaining unresolved during the year. The Board of Directors and the Management wish to place on record their application of the efforts put in by all employees to achieve record performance. The ultimate aim of the management is to create a dependable work force that will play a key role in transforming this Company into a global player in the industry. The industrial relations climate of the Company remained cordial during the year and continues to be focused towards improving quality and capability.

G. CAUTIONARY STATEMENT

Statements in this "Management Discussion and Analysis" describing the Companys objectives, expectations or predictions are forward looking within the meaning of applicable laws and regulations.

Actual results may differ materially from those expressed or implied in the statement depending on various factors and circumstances.

H. ACKNOWLEDGEMENT

The Board acknowledges the co-operation and support extended by the Employees, Consultants, suppliers, customers and all its business associates. The Directors place on record their appreciation for the continued support and co-operation they have received from Financial Institutions, Banks, Central and State Government.

BY ORDER OF THE BOARD
FOR, SAMYAK INTERNATIONAL LIMITED
SUNIT JAIN SHANTILAL JAIN
MANAGING DIRECTOR DIRECTOR
DIN: 0692437 DIN: 00469834

Place: Indore

Date: 07.12.2020