Yuvraaj Hygiene Products Ltd Management Discussions

REPORT

The information, opinions and views expressed in this section of the Annual Report contain certain forward looking statements which involve risks and uncertainties. The Management has made its best efforts to present this discussion/analysis and believes these to be true to the best of its knowledge at the time of its preparation. The Management is not responsible to publicly update or revise any of these forward looking statements whether on the basis of new information, future events or otherwise. The Management shall not be liable for any loss which may arise as a result of any action taken on the basis of information, opinion or views contained herein. The reproduction, disclosure or use of the information contained herein without express prior written permission of the company is strictly prohibited.

The Company is engaged in the business of manufacturing and supplying of Hygiene and Cleaning Products with a nationwide presence. These products are manufactured using premium quality raw material and components that are coupled with modern methodologies and technology.

The Indian Economy continues to grow at a healthy rate with the hope that this growth rate will increase further in the future. This sector eyes a huge potential looking at the middle class and rural Indian population.

The growing middle class Indian population, as well as the rural sector, presents a huge potential for this sector. Cheaper imports from China and aggressive competition from MNCs continues to be a risk. The global political issues and the rising interest rates seems to continue to remain a challenging in the short and medium term. Over the last few years, there has been a conscious shift of preference of the consumers, retailers and distributors towards branded & quality cleaning products. Though the household cleaning industry is scattered and highly unorganized, the shift of demand from the unorganized towards the organized sector is quite apparent and is likely to gain pace in the next few years.

The Company continues to explore newer opportunities including launch of new products in their own brands. The Company is operating in a single segment namely "Dealing in Household Cleaning Products". Hence segment reporting is not applicable.

The Company is planning to enter into business of household appliances, electrical appliances and devices such as electric insect killer, mosquito racket bat, all types of mouse trapes, all kinds and descriptions of pesticides, insecticides, fungicides, sprays, paste, agro chemicals and other allied goods, chemicals, materials & substances, and all components, parts, fittings, tools, implements, accessories and all material and things used in developing pesticides and allied technical grade materials other utensils of all types, including glass products, water bottles , glass bottles, glass jars, flasks, casks and glass containers of every description, and other similar products, their consumables, parts, accessories, components, fittings whether as wholesalers, retailers, agents, sub agents, distributors or otherwise.

Your Company has taken its best efforts to increase its presence across the country and is currently geared up to increase its market share by expanding the product range and its retail presence.

A slowdown in economic growth could cause the business to suffer as the Companys performance is highly dependent on the economic prospects of the country which in turn leads to development, production and rise in the per capita income of the country.

As the company operates in the household domestic goods which is associated with the high consumable products which directly leads to increase in cost of productions and cost of inventory it is always a matter of concern to the Company, but through the effective inventory management system, the risk has been reduced to the minimal.

The Company believes that Internal Control is necessary for good corporate governance. The Company is having adequate Internal Control Systems commensurate to the nature and level of operations of the Company. The Company takes adequate measures to undertake internal audits at regular intervals to review the Compliance of various policies and guidelines and to ensure reliability and credentials of all records and financial statements of the Company.

The financial statements are prepared in accordance with Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles generally accepted in India. The results of the operations are discussed in the Boards Report, which forms part of this Annual Report.

The Company strives to remain as a responsive and market-driven organization, which requires a very good quality of manpower resources. Retaining young and talented human resources continues to be a challenge in the present business environment. The Company regards its human resources as one of its most valuable assets. It reviews its policies proactively. It ensures that they create a work environment that encourages initiative, provides challenges and opportunities and appreciates the potential of the employees. Satisfaction of employees is the ongoing concern of the management. The Company continues to focus on human resource development. As on March 31, 2024, the Company had 19 permanent employees on its payroll and 15 contractual employees.

Since the net worth of the Company is negative as on March 31, 2024 and March 31, 2023, return on net worth cannot be derived.

Statements in the Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations may be "forward - looking statement" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and other incidental factors. This Report basically seeks to furnish information, as laid down within the different headings to meet the requirements of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.