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ADD LIFE PHARMA LIMITED
ANNUAL REPORT 2004-2005
MANAGEMENT DISCUSSION AND ANALYSIS
ANNEXURE - D
1. Overall Review
The overall performance during the year 2004-2005 has been satisfactory.
2. Internal Control System and their adequacy
Considering the size of the Company, your company has adequate system of
internal control to provide reasonable assurance that assets are
safeguarded and protected from unauthorized use or disposition.
The internal audit is carried out reports reviewed by the Management at
regular intervals.
3. Business Environment
The performance of the Company for the year under review was satisfactory.
4. Risk and Concern
The building, plant and Machinery, vehicle and stocks of Company are
adequately insured.
5. Cautionary Statement
Statements in this report on Management Discussion and Analysis may be
forward looking statements Within the meaning of applicable security laws
or regulations. These statements are based on certain assumptions and
expectations of future events. Actual results could however, differ
materially, from those expressed or implied. Important factors that could
make a difference to the Company's operations include global and domestic
demand supply conditions, finished goods prices, raw material cost and
availability and changes in government regulation and tax structure
economic development within India and the countries with which the company
has business contacts and other factors such as litigation and industrial
relations.
The Company assumes no responsibility in respect of forward looking
statements which may be amended or modified in future on the basis of
subsection developments, information or events.
Registered Office : For and On Behalf of the Board
412-2/C, Payal Complex,
Opp: Fortune Towers,
Sayajigunj, VADODARA. Mr. H.I. Patel
Dated : August 30, 2005 Director
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