Shree Tirupati Balajee FIBC Ltd Management Discussions.

FORWARD-LOOKING STATEMENTS

The report contains forward-looking Statements, identified by words like ‘plans, ‘expects, ‘will, ‘anticipates, ‘believes, ‘intends, ‘projects, ‘estimates and so on. All statements that address expectations or projections about the future, but not limited to the Companys strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Since these are based on certain assumptions and expectations of future events, the Company cannot guarantee that these are accurate or will be realized. The Companys actual results, performance or achievements could thus differ from those projected in any forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any such statements on the basis of subsequent developments, information or events. The Company disclaims an obligation to update these forward-looking statements, except as may be required by law.

INDUSTRY

Our Company is a manufacturer and exporter of containers and packaging materials for several consumers. All our products are manufactured from approved materials that have passed rigid testing and inspection routines as well as meeting high quality and contamination conscience standard of the International Food and Pharmaceutical Grade Industry requirements. These international benchmarks bear the testimony to the excellence we provide to our customers spread across the globe.

Our Company is managed by experienced and dedicated promoters to address the changing needs of customers in packaging industry. We are consistent in supplying of quality products round the year as customized products are made available to them as per the market demand. We are having high tech equipments and design facility to manufacture various combination and size of products as per specification and needs of the customers. It is equipped with all facilities to execute all types of manufacturing activities. The company is using latest machineries & technology and keeps on up-grading its manufacturing set-up, and workmanship to deliver superior quality products with on-time deliveries and with emphasis on quality.

Strength

Your Companys customer base is spread across the globe with presence in countries like USA, UK, France, Canada, Australia, Germany, Italy, Spain, New Zealand, etc. We have integrated in-house capabilities to market, distribute and retail our conceptualized products. We also have team of experienced, highly professional and skilled manpower to maintain space and remain competitive in todays changing market place.

We understand the customer needs, market trends mapping and provide value for money products. Our diversified product portfolio enables us to cater a wide range of preferences & consumer segment.

Opportunities and Threats

The prime challenges faced by the Company are Economical Changes, Globalization and Regulatory proceedings, Technological and Political changes are the key challenges for the growth of Business.

Our Company operates under several statutory and regulatory permits, licenses and approvals. Our inability to obtain, renew or maintain the statutory and regulatory licenses permits and approvals required to operate our business may have a material adverse effect on our business & operations.

Quality of our product is key aspect to sustain in the Market. Any failure to maintain the quality of the product may affect adversely to our business.

Third Party like Transportation facilities, Market Trends, customers preferences, choices, patterns, Fluctuation in price and supply of product, failure in obtaining additional source of finance, Business Rivals, Competition, delay and defaults in clients payments, inadequate insurance coverage to protect against uncertain hazards, Commitments and liabilities all adversely affect the growth of Business.

RESEARCH AND DEVELOPMENT

Research and development (R&D) refers to the activities companies undertake to innovate and introduce new products and services. Improvement is the continuous process and hence to achieve that our team keep working around the clock. We have got the best combination of Old School thoughts and Fresh talented youths to continuously innovate and to offer better version of ourselves by each passing day. Our R&D is ongoing process with the experienced team of above 50 years and gen next approach for bringing the fresh ideas to match the current requirement. Our R&D is always headed and guided by the higher management for the best reliable and credible outcome. We at Tirupati believe in understanding, researching and then developing the products to meet the customers need

INTERNAL CONTROL

The Company has in all material respects, an adequate Internal Financial Control System over Financial Reporting and such Internal Financial controls over financial reporting were operating effectively. Adequate records and documents were maintained as required by laws. The Companys audit Committee reviewed the internal control system. All efforts are being made to make the internal control systems more effective.

SEGMENT WISE REPORTING

The Company has identified its business segment as Primary Reportable Segment. There is no other Primary Reportable Segment and as such Segment wise reporting is not given.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED:

Human resource area valuable asset of our business and the relationship with the staff and workers continued to be cordial during the entire year. The Directors wish to place on record their appreciation of the valuable work done and co-operation extended by them at all levels. Further, the Company is taking necessary steps to recruit the required personnel from time to time.

Company has framed requisite policies through which Healthy environment remains amongst the Employees and help us improve quality of life of our employees. Employees are given freedom to share their views to the Management. We are committed to fair employment practices and freedom of expression, supported by a strong, Company wide value system. During the year there was no instance of Strike, Lock out or another issues related to Human Resources.

RISKS AND CONCERNS

In any business, risks and prospects are inseparable. As a responsible management, the Companys principal endeavor is to maximize returns. The Companys ability to foresee and manage business risk is crucial in its effort to achieve favorable results. We are facing business risk, operational risk, Company specific risk etc. huge working capital requirement is also one ofthe major concern for the business enterprises. The Company continues to take all steps necessary to minimize losses through detailed studies and interaction with experts.

CAUTIONARY STATEMENT

Statement in this Managements Discussion and Analysis detailing the Companys objectives, projections, estimates, estimates, expectations or predictions are "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 global and Indian demand-supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Companys principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations.

For and on behalf of the Board
Binod Kumar Agarwal
Date: 08th August, 2019 Chairman & Managing Director
Place: Pithampur (Dhar) DIN:00322536