Management Discussion & Analysis: Financial Performance The Company’s sales Turnover has marginally come down from Rs. 16782 Lakhs to Rs. 15409 Lakhs. However the profit before debrciation has gone up from Rs. 1627 Lakhs to Rs.1898 Lakhs registering 16.66% increase over the brvious financial year. Also the profit after tax has also gone up from Rs. 796 Lakhs to Rs. 932 Lakhs as set out in the Directors Report. Industry structure and Developments Industry structure and developments has been elaborately stated in the Director’s Report. Internal control systems and their adequacy: Internal control systems has been elaborately stated in the Directors Report. Human Resources: The Company has recruitment and training policy to meet its HR needs. The Company’s performance on the industrial Relations front continues to be quite satisfactory. Cautionary Statement: Certain statements in the “ Management Discussion and analysis Report” may be forward looking and are as required by applicable laws and regulations. Many factors may affect the actual results which could be different from what the directors envisage in terms of the future performance and outlook- the ever brsent risk factors. |