spangale marketing ltd Management discussions

We submit herewith the Management discussion and analysis report on the business of the company as applicable to the extent relevant.

OPERATING RESULTS OF THE COMPANY

During the year, the Company has carried out its business operations. However the Company for the year under reviews has incurred Loss of Rs. 10,04,680 /- as compared to previous year Profit of Rs. 1,53,75,009 /- .

INDUSTRY STRUCTURE & DEVELOPMENT

Spangle Marketing Limited is a non-banking finance company and opening of reforms being expected in the NBFC sector the company is now poised to grow their business. Your Company currently operating in the finance, investment and dealing in securities activity and anticipates there appears to be huge potential for growth.

The NBFC Sector in India has undergone a significant transformation over the past few years. It has come to be recognized as one of the systematically important components of the financial system. NBFCs play critical role in infrastructural development, employment generation, wealth creation opportunities and financial support for economically weaker sections.

With an improved outlook credit growth in the economy, well capitalized NBFCs with sound operating and risk models are poised to play an important role. While the stress in corporate lending has dragged down bank profits, continued focus on retail lending and prudent risk management has driven growth for NBFCs.

NBFCs, with their innovative products and strategic geographic presence, have been able to effectively compete with Banks.

BUSINESS OVERVIEW

Indian economy is progressed at a rapid pace since 1991.Despite fast economic growth, India still faces massive economic inequalities and other issue. Some challenges which act as a hurdle in the growth of the Capital Market.

Spangle Marketing Limited is an Investment Company and it carry on the business of Financial Investment Services like to invest in, acquire, underwrite, subscribe to purchase and holds and otherwise deal in all type of securities including shares, stocks, debentures, debenture stock, warrants, bonds issued or guaranteed by any Company or Companies constituted or carrying on business in India. This is the Seventh Management Discussion and Analysis Report produced in this fiscal 2022.

OPPORTUNITIES &THREATS

The Pandemic Covid-19 continues to raise its head time and again after gap of every few months causing anxiety.. The situation gradually improved because of lower restrictions and increased pace of vaccination. The Company protected livelihoods through a policy of no retrenchment. It stipulated social distancing across the branches and permitted Employees to work from home. All the Employees of the Company are fully vaccinated.

Macroeconomic stress is likely to keep asset quality of both public and private sector banks under pressure. Net interest margins have improved with rates at the shorter end coming off on the back of improving liquidity. With interest rates on three-five year term deposits likely to remain firm due to high inflation, banks with lower wholesale funding may find it difficult to maintain margins unless they increase lending rates.

The rise in the growth rate suggests the growth of the economy. The financial policies and the monetary policy are able to sustain a stable growth rate. The reforms pertaining to the monetary policies and the macroeconomic policies over the last few years has influenced the Indian economy to the core. The major step towards opening ups of the financial markets further it was the nullification of the regulation restricting the growth of the financial sector in India. To maintain such a growth for a long term the inflation has to core down further.

RISK AND CONCERNS

High inflation is a key macroeconomic challenge for India. Over the past several years it has induced double-digit inflation expectations, and given rise to a high demand for gold. It has also eroded households financial savings and undermined the stability of the rupee. Indias financial systems remains well capitalized and supervised, but slowing growth is highlighting corporate vulnerabilities and leading to deteriorating bank asset quality.

SEGMENT WISE / PRODUCT WISE PERFORMANCE

The company has currently only one segment financial sector in line with accounting standard on segment reporting.

OUTLOOK

India is among one of the most observed emerging markets. Implementation of policies and reforms by the Government would help sector grow at faster phase.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Considering the size and nature of activities, the company has adequate internal control system covering both accounting and administrative control. In addition the internal audit is carried out periodically. The top management and Audit Committee of the Board ensuring an effective internal controls system, so that the financial statements and reports give a true and fair view.

DISCLOSURE OF ACCOUNTING TREATMENT

The Financial statement of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to extent and in accordance with the Indian Accounting Standards (IND AS) as per Companies (Indian Accounting Standards) Rules 2015 as

amended to comply with the Accounting Standards notified under Section 133 of the Companies Act,2013 read with relevant Rules issued thereunder. The financial statements have been prepared on accrual basis under historic cost convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

HUMAN RESOURCES

The Companys human resource continues to be the valuable asset of the company. The team has remained as committed as ever and produced results that are considered significant.

CAUTIONARY STATEMENT

Certain statements in the “Management Discussion and Analysis” section may be forward looking and are stated as required by applicable laws and regulations. Many factors may affect the actual results, which could be different from what the Directors envisage in terms of future performance and outlook.

The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of performances or achievements and risks and opportunities could differ materially from those expressed or implied in such forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their date. The following discussion and analysis should be read in conjunction with the Companys financial statements included and notes thereto.

	BY ORDER OF THE BOARD OF DIRECTORS FOR SPANGLE MARKETING LIMITED
	Sd/-	Sd/-
	(SUSHANTA KU. PARIDA)	(PALASH CHANDRA KARMAKAR)
	WHOLE TIME DIRECTOR	DIRCTOR
	DIN:00062443	DIN:06514584
PLACE:KOLKATA
DATE:30TH DAY OF MAY,2023