trishakti electronics industries ltd share price Management discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS

The company is a multiple business sector company including sectors of logistics & infrastructure, Oil & Gas, Food related items and agency service provider companies worldwide. We have supply network base from China and UAE. We have experience in the petrochemical industry over the past 30 years.

We have an occupied and professional team comprising of well experienced engineers, Oil and Gas Exploration Experts and Commercial Executives having an in-depth knowledge of the domestic as well as the world market in this industry.

COMPANYS FOCUSED AREA OF INTEREST

- Bid preparation against specialization for various tenders within India and Abroad for our valuable clients for Oil and Gas Industries.

Providing Advisory services for the seismic data center requirement. Providing agency services to Foreign Service providers in execution and management of the services in INDIA.

AGENCY SERVICES.

- FOOD & LOGISTICS, Company is acting as importer and trader for various spices from abroad and also focusing on development of logistic services including warehousing etc. in near future.

Trishakti mainly engaged in the business of supplying crane to the consumer for drilling the oil and gas. The Company has also Explores hiring of Crane to Real Estate Sectors which also has revived to some extent in Easten lndia . The Company has built reputation based on decades of achievements in providing the crane services to the various industries at a large.

GLOBAL ECONOMY:

The ferocity of the COVID-19 second wave has overwhelmed India and the world. War efforts have been mounted to stop the second surge in its tracks. Real economy indicators moderated through April-May 2021.The biggest toll of the second wave is in terms of a demand shock - loss of mobility, discretionary spending and employment, besides inventory accumulation, while the aggregate supply is less impacted. Among major economies, US growth is projected to reach 6.8 per cent this year, reflecting large-scale fiscal support and the easing of pandemic restrictions. Growth in other advanced economies is also firming, but to a lesser extent. Among emerging markets and developing economies, China is anticipated to rebound to 8.5 per cent this year, reflecting the release of pent-up demand, the Bank said in its report. "Globally coordinated efforts are essential to accelerate vaccine distribution and debt relief, particularly for low income countries. As the health crisis eases, policymakers will need to address the pandemics lasting effects and take steps to spur green, resilient, and inclusive growth while safeguarding macroeconomic stability."

INDIAN ECONOMY:

Indias economy is expected to grow at 8.3% for Fiscal Year 2021-22 as per the World Banks latest projections. This rate, however, masked the damage caused by the "enormous" second wave of COVID-19, the Bank said in its June 2021 Global Economic Prospects released on Tuesday, The world economy is expected to expand 5.6%, the fastest post-recession growth rate in eighty years, but global output will still be 2% below pre-pandemic projections by year-end.

OPPORTUNITIES AND THREATS

With the Central Government laying stress on development of infrastructure demand for cranes for all types of craned is bound to increase demand for cranes exist in variety of infrastructure Projects like refinery and Gas, windmills, cement, steel and power. The increase in rental and demand for cranes on rent will essentially depend upon the demand and supply situation.

Demand for Construction equipment is likely to rise as a result of growth in traditional end user industries, including Construction and mining. Thus we can tap these markets. Growing Urbanisation is also to set positive impact of the economy.

Growth of crane rental business is constrained due to high capital cost of Cranes, its sourcing through import and long lead time for supply of cranes by manufacturers create problem in availability of suitable cranes by manufacturers create problem in availability suitable cranes at shorter span of time. Other Concern of the crane rental business is tax implication in interstate movement of cranes.

SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE.

The Company operates only in one segment of Hiring Cranes for the drilling of oil and gas from Earth. There is no other classification of any segment wise performance as applicable to the company,

LEGAL COMPLIANCES:

The Company is legally compliant and taken all the necessary steps to protect its brand image at all levels. The company timely complies with all the mandatory compliances to be done with regulatory authorities

RISKS AND CONCERNS

Challenges and Risks are classified as Internal and External.

External Challenges Identified are:

> Competition with Discounters

> Time taken to fulfill orders

> Inactive Network Partners

> Customer Experience by Network Partners

> Brand / Manufacturers support

Internal challenges are:

> Fundraising

> Organization Scaling

> Tax and Regulatory Structure

> Risk, Fraud and Cyber Security

> Compliance Framework

> Technology resources

> Improper quality checks

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The management has laid down internal financial control to be laid down by the Company, we have adopted policies and procedures for ensuring the orderly and efficient conduct of business, including adherence to the companys policies, "the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of accounting records. The company has an audit committee and it meets the statutory auditors to ascertain their adequacy of internal control system

In the company and keeps the board of directors informed of its major operations from time to time. It also evaluates the companys strategic risk management system and suggest risk mitigation measures for all the key operations.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The financial performance of the company for the year under review is discussed in detail in the directors report,

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

The Company continues to lay emphasis on people, its most valuable resource. In an increasingly competitive market for human resources, it seriously focuses on attracting and retaining the right talent. It provides equal opportunity to employees to deliver results.

CAUTIONARY STATEMENT

This Highlights of the company contains certain forward-looking statements and information relating to the Company that are based on the beliefs of its management as well as assumptions made by and information currently available to the Company, When used in this document, the words anticipate¹, "believe", "estimate", "expect" and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements Such factors include, without limitation: the economic and other effects of the COVD-19 pandemic; significant capital requirements and the availability and management of capital resources; additional funding requirements, government regulation , tax regimes and economic development within India and overseas.