Weizmann Ltd Management Discussions

The global economy had remained steady till December 2024 overall despite the ongoing international political disputes in selected European Countries. However a Tariff war has broken out pursuant to US Administration revising their tariff structure adopting different rates for different countries and even stipulating reciprocal tariff. As a result there has been daily turmoil in the market as change and pausing of tariff has been a regular affair. Indian has been conservative and not rushing through to counter US revised tariffs stipulated for India and is working out a trade deal which has been on even before the tariff mayhem breaking out, but now it has to speed up so that effect is not adverse on its net external demand. Though there is nothing wrong in each country wanting to make their economy strong, but the already existing disparity in growth due to variety of historical and climatic reasons the gap only widens with such mindless tariff wars. The World trade norms at the aegis of World Trade Form have been sidetracked in the tariff conflicts. Inflation rules above average for many economies and expected to aggravate even for big economies like US if tariff clashes continue. Global trade slowed down in 2024-25 and expected to rebound in 2025-26. Central Banks in important countries are treading a cautious path with respect to Interest rate cuts.

In the above scenario having acute uncertainties, as per the National Statistical Office the real GDP growth of Indian economy is around 6.5% on year on year. With Government policies triggering domestic consumption, continued infrastructure push, increased capital expenditure across sectors, the forecast by RBI is maintaining 6.5%- 6.7% in FY 2025-26. Renewable power generation has a share of about 12.7 % of total power generation in India and long way to go when compared to certain European Countries.

Both Direct tax and Indirect tax mainly GST collections were buoyant, reflecting the Indian entities all round growth and compliance despite the challenges.

The company continues its focus on job work for Export by Customers and Domestic Markets for textile products. During the year under review the revenue from sale of services Rs.110.17 crore as against Rs.111.52 crore in the previous year. The sale of products registered Rs. 7.08 crore as against Rs. 11.39 Crore in the previous year.

The Profit before Tax for the year was Rs.11.21 crore as against Rs.11.94 crore in the previous year.

The companys processing unit is back to its full capacity gradually, garnering repeat orders from many invaluable customers.

The Company has an effective system of internal controls to ensure that all its assets are properly safeguarded and protected against loss from unauthorized use or disposal.

Further all the internal control system is practiced by the company to ensure that all transactions are authorized, recorded and reported correctly. The system is commensurate with the nature of business and the size of the operation. The company also has an internal audit system so as to ensure that systems are strengthened and improved on a continuous basis.

The Company has an Audit Committee of Directors which reviews the adequacy of internal controls.

The company has a team of able and experienced professionals. The work culture and value system in the company is designed to provide each employee the adequate space, freedom and guidance to bring out their full potential and provide personal growth opportunities within the organization.