Today's Top Gainer
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YUG DECOR LIMITED
[Formerly Known As Yug Decor Pvt. Ltd.] Ahmedabad.
BUSINESS STRUCTURE AND DEVELOPMENT :-
Yug Decor Limited is currently engaged in the business of manufacturing of wood adhesives including rubber based glues and adhesive which are widely used in fast moving consumer market on days. The Company has filled up the opportunity in the business of paints with high standard of quality in the current competitive market.
As far your Company had focused on quality product to sustain its business and performed satisfactory on Indian market and done reasonably well on export front.
The Company has controlled and tried its best to lower the impact of high price inventory and take advantage of lower prices by timing the purchase of raw materials.
The Company is also judging the consumer taste in timely manner and introduced few developed products. The company has developed market for its products in domestic as well as international geographies.
ECONOMIC REVIEW :-
India has increasingly adopted free market principles and liberalized its economy to international trade after a fiscal pricing in 1991. The reforms largely favored industrial growth in country. Hence, the Countrys economic growth progressed at a rapid pace with relatively large increases in per capita incomes.
The Global Gross Domestic Product (GDP) in the year 2017 grew is tepid and is likely to be moderate in terms of the international events. However, India is better placed. This momentum is expected to be maintained in the coming year with the new government and pro-growth policies.
OPPORTUNITIES AND THREATS :-
Looking to present optimistic environment in view of growth oriented Government policies related to trade, commerce and business, the future of your Company is bright and hopeful. However, the issue of concern is threat from international as well as domestic trade.
SEGMENT WISE PERFORMANCE :-
Total revenue of our Company is derived from adhesive and paints. Indian adhesive and paints market is highly competitive. But our Company has always put great emphasis to sustain satisfactory performance by focused on quality product to its customers and by performing reasonably well on export front.
RECENT TREND AND FUTURE OUTLOOK :-
In recent years Indian economy under the new government has gathered strong momentum. The Company is optimistic about the recovery of Indian economy and the capital market. The country has to grow economically to with stand any international pressures from foreign countries. The way to economic growth begins with capital market development. The capital market industry in other words is backbone to economic growth in country.
RISKS AND CONCERNS :-
Our industry is mainly dependent on economic growth of country. The industrial growth is very sensitive which is dependent on many factors which may be social, financial, economic or political and also natural climatic conditions in the country. However, with the positive attitude of country which can mitigate the avoidable risks.
FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE :-
The Total gross revenue from operations of the Company during the financial year 2016-17 was Rs19,38,05,219/- against the total revenue of Rs19,37,84,444/- in the previous financial year 2015-16.
The Total expenses of the Company during the financial year 2016-17 was Rs16,53,13,611/- against the expenses of Rs16,86,09,614/- in the previous financial year 2015-16.
The Profit after tax is Rs31,33,959/- for the financial year 2016-17 as compare to Rs7,70,199/- in the previous financial year 2015-16.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY :-
The Company has implemented proper system for safeguarding the operations/business of the Company, through which the assets are verified and frauds, errors are reduced and accounts, information connected to it are maintained such, so as to timely completion of the statements. The Company has adequate systems of Internal Controls commensurate with its size and operations to ensure orderly and efficient conduct of business. These controls ensure safeguarding of assets, reduction and detection of fraud and error, adequacy and completeness of the accounting records and timely preparation of reliable financial information.
The Company gets internal audit and verification done at regular intervals. The requirement of having internal auditor compulsory by statue in case of listed and other classes of companies as prescribed shall further strengthen the internal control measures of Company.
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES AND INDUSTRIAL RELATIONS FRONT :-
The Company has undertaken Employees development initiatives, which have very positive impact on the morale and team spirit of the employees. The Company has continued to give special attention to human resources and overall development.
CAUTIONARY STATEMENT :-
Certain statements in the reports of the Board of Directors and Managements discussions and analysis may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied since Companys operations are influence by many external and internal factors beyond the control of the Company. The Company assumes no responsibility to publicly amend, modify or revise any of these statements on the basis of any subsequent developments, information or events.
|By Order of the Board of Directors|
|For, YUG DECOR LIMITED|
|Chandresh S. Saraswat||Ankita Saraswat|
|Managing Director||Whole-time Director|
|DIN: 01475370||DIN: 05342198|
|Date : 28/08/2017||Address : Flat No. 7, Abhikram,||Address : Flat No. 7, Abhikram,|
|Place : Ahmedabad||27, Inkilab Society, Gulbai Tekra,||27, Inkilab Society, Gulbai Tekra,|
|Ahmedabad - 380 015.||Ahmedabad - 380 015.|