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EATON FLUID POWER LIMITED
(FORMERLY KNOWN AS VICKERS SYSTEMS INTERNATIONAL LIMITED)
ANNUAL REPORT 2007-2008
MANAGEMENT DISCUSSION AND ANALYSIS
Financial Results:
2007-2008 2006-2007
Rs. In million Rs. In million
Net Sales & Other income 1623.81 1246.39
Profit for the year 141.74 81.16
Less: Depreciation 30.69 19.82
Profit before taxation 111.05 61.34
Taxation - Current (55.64) (22.33)
Deferred 8.23 (0.20)
Profit after taxation for the 63.74 38.81
year
Surplus balance of profit 127.18 88.37
loss account brought
forward
(Adverse)/Surplus Balance 190.92 127.18
of Profit & Loss Account
transferred to Balance
Sheet
Operating Results:
Your Company continued strong growth during the year, sales rose by 30.1%
to Rs. 1,586.9 million as against Rs. 1,218.9, m in previous year. During
the current year your Company expects to sustain double digit growth in
sales. Profit Before Tax at Rs. 11 1.05 m recorded a orowth of 81.04% as
compared to last, which is result of strong sales growth coupled with
measures on cost reduction and expense control.
Industrial Relations
During the year, the relations between the workmen and the management
continued to be cordial.
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