Unick Fix-A-Form Management Discussions


A. Global Economic Overview :

The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent. Global headline inflation in the baseline is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices but underlying (core) inflation is likely to decline more slowly. Inflations return to target is unlikely before 2025 in most cases.

The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent. Rising interest rates and the war in Ukraine continue to weigh on economic activity. Chinas recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic levels.

B. Indian Economic Overview

India, like many South Asian countries, has a young population. This is at once an opportunity for future economic growth, but it presents policymakers with the challenge of creating employment. According to the World Bank, the projected increase in South Asias working-age population during 2020-2050 is some 254.m accounting for 30.6% of the increase worldwide. India alone will account for 16.5% of the increase. Meanwhile Chinas working-age population will decline over the same period by some 226m with falls in most parts of the developed world.

Clearly generating new jobs in India and the rest of South Asia is critical for economic growth and development, not just within the region but globally. But unemployment in India has increased in recent years, leading to protests by the youth in many parts of the country. Alongside the expansion of labour supply, increasing enrolment in education and a growing exodus of young people from agriculture are swelling the jobless ranks. Of all 15-29-year-old females in India, only 16.3% were attending schools or colleges in 2005. This proportion increased to 31.0% by 2018.

And while agriculture and allied activities such as forestry and fishing provide livelihoods to nearly 43.5% of Indias total workforce, low productivity levels in agriculture and stagnant public investment from the 1990s onwards, have fuelled a drift away from the sector. Young, modestly educated people in rural areas are increasingly keen to exit what is seen as “disguised unemployment” in agriculture.

C. Outlook

The Finance Ministry further stated that India is the fifth largest economy in the world. Indias gross domestic product (GDP) has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2024.

D. Printing Industry in India:

“Printing industry had been witnessing a healthy growth in the past few years”

Printing Packaging industry in India is growing; people are taking keen interest in this key industry now. There are more than 36 printing institutes some of these giving even post-graduate education.

Every year more than 3500 new printing engineering graduates joins this industry, while still much more get on the spot training in the print shops. Printing especially Packaging printing is now one of the fastest growing sectors in India. It is said that since 1989 the growth of the Printing coupled with Packaging Printing industry is over 15%.

E. Human Capital :

The most important asset of our company isnt something we can put our hands on. It isnt equipment or the physical plant, and it isnt data, technology, or intellectual property. The most valuable part of our company is the people the human capital and any plans to move our business forward have to start there. Without the availability of employees and labour no industry can work. Hence for that purpose the company keeps in mind the welfare of all the Employees and Labours. Company maintains smooth relations with whole of the workforce and incentives are provided to them from time to time.

F. Segment Growth Drivers:

Availability of Labour, Raw Material and Capital. A strong customer base is must for all the segments and hence required in this industry also. Keeping updates of all the available and updated technological changes.

G. Review of Companys Business and Financials :

Net Profit for the Financial Year Ended 2022

264.17 Lacs

Net Profit for the Financial Year Ended 2023

224.14 Lacs

 

EPS for the F.Y. ended 2022

4.82 EPS for the F.Y. ended 2023 4.09

H. Opportunities :

India has averted the effects of the global slump and continues to grow. More and more multinational companies are now targeting India as the hub for manufacturing and exporting. This provides good opportunities to component manufacturers and service providers for accelerated growth. Project expansion is in progress demanding many companies

I. Challenges for Printing industry :

Maintaining existing customer base, servicing them with the goal of retaining their business is imperative. Also, the importance of the retention of expert employees cannot be ignored. Building & communicating will always be the most valuable investment organization makes to delivering sustainable growth. The pressure of senior managers to deliver will intensify significantly in future with fierce competition.

J. Internal Control Mechanism :

The Company has in place a Systematized setup for the purpose of Internal Control. The company has an authorized person for the purpose of management of internal control of the Organization. There are neither any Loop in the internal control of company nor is there any Activity carried which results in any interruption in the smooth functioning of the operations.

K. Changes in the Nature of Business :

There has not been any change in the Nature of business being carried by the Company. The Company is still working hard for being a leader in the Printing industry in all over the India. There has not been any change in the operations of the company except in case of up gradation of the Technology.

L. ENVIRONMENT AND SAFETY

The need for environmentally clean and safe operations is companys key priority. The Company policy requires the conduct of all operations in such a manner so as to ensure the Safety of all concerned, compliance of statutory and industrial requirements for environment protection and conservation of natural resources to the extent possible.