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AUTOMOBILE PRODUCTS OF INDIA LIMITED
ANNUAL REPORT 2010-2011
MANAGEMENT DISCUSSION AND ANALYSIS
FINANCIAL HIGHLIGHTS Rs. In Lakhs
Particulars 2010-11 2009-10
Sale of Products 5.27 41.50
Other Income 23.66 645.16
Total Revenue 28.94 686.66
Profit/(Loss) Before Depreciation (497.69) (365.84)
Depreciation - 0.16
Profit/(Loss After Depreciation (497.69) (365.68)
Net Profit/(Loss) (497.69) (365.68)
OPERATIONS
Your Company achieved a Turnover of Rs.5.27 Lakhs during the financial year
ended 31st March 2011 compared to Rs.41.50 Lakhs in the previous year. The
turnover does not fully cover the operating expenses in view of the
continued low volume. Efforts are being made to step up the volume further
in the coming years to make up for this short-fall.
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