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ASSOCIATED CERAMICS LIMITED
ANNUAL REPORT 2010-2011
MANAGEMENT DISCUSSION AND ANALYSIS
1. FINANCIAL RESULTS:
(Fig. in Rs.)
CURRENT YEAR PREVIOUS YEAR
PROFIT/(LOSS) BEFORE TAXATION 1,06,29,904 98,17,164
PROVISION FOR TAXES
Current tax 39,18,287 38,58,320
Deferred Tax (6,39,289) (4,93,918)
Income Tax Adjustments for Earlier Years 1,28,821 6,01,499
PROFIT/(LOSS) AFTER TAX 72,22,085 58,51,263
Brought forward from earlier years 2,98,99,690 2,40,48,427
Balance Carried To Balance Sheet 3,71,21,775 2,98,99,690
Increased by almost 50% as compared to that of the last year. There was no
major increase in the profit for the year because there was substantial
increase in selling expenses.
2. FUTURE PERFORMANCE:
The Company is attempting to increase in its export turnover in the coming
years. It is negotiating with various overseas buyers for sale of its
products. The domestic market is also explored but there is stiff
competition from other manufacturers.
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