sanblue corporation ltd share price Management discussions

The new budget for 2023-24 contains a sizeable increase in grants for the textile industry, These and other features of the budget show the governments priorities for the textile industry. The government has initiated special measures to help ameliorate the conditions in textile sector to boost production, marketing. All in all, this financial support should create a favorable environment for the continued success of Indias textile industry.

Since last two years one of the main textile industry trends is the rising desire for natural fibers and fabrics. Fibers like cotton grow fast and abundantly internationally in locations. Rapid expansion of natural fibers is a driving factor in the expansion of the textile industry.. However, the Indian textile industry steel needs to progress in the research and development of designs and cheap labors. The quality of raw materials also needs to be upgraded to produce the best quality garments.

The Company is mainly doing single segments activities; hence the requirement of segment-wise reporting is not applicable.

Business risk like late payments, high interest cost , locality or a particular trade due to some external reasons .GST increase risk. These reasons could be political, communal, failure of an industry /trade, etc. The risk that competitive forces will reduce revenue (e.g. a price war). Risk for increase import duty, change international textile sector etc.

The Company has an adequate system of internal controls to ensure accuracy of accounting records, compliance with all laws & regulations and compliance with all rules, procedures & guidelines prescribed by the management.

The paid up equity share capital of the Company as on March 31, 2023 stands at Rs. 49995750 divided into 4999575 equity shares of Rs. 10/- each fully paid up

• Net Worth

During the end of the year ,the Net Worth of the Company are Rs 4078.63 lacs as compare to Rs. 4158.10 lacs of previous year.

• Secured Loans

During the year under review, Company has not obtained any secured loan.

• Total Income

The total Revenue of the Company during the year has increased from Rs. 159.90 Lacs to Rs. 475.15 Lacs.

1. Human Resources

Human Resources There has been no material development on the Human Resource/ Industrial Relations front during the year. As on 31st March 2023 the Company has limited employees only.