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JAYKAY ENTERPRISES LIMITED
ANNUAL REPORT 2011-2012
MANAGEMENT DISCUSSION AND ANALYSIS
1. FINANCIAL RESULTS
2011-12
(Rs. in Lacs)
Revenue from operations 42.25
Other Income 537.15
Profit before Depreciation 174.00
Depreciation 5.61
Profit for the year 168.39
Exceptional Items (101.36)
Profit before tax 67.03
Provision for Income Tax written back 334.71
Profit for the year 401.74
Balance from previous year (824.32)
Balance carried to Balance Sheet (422.58)
2. OVERALL PERFORMANCE:
During the year Company's main income has been from Registrar and Share
Transfer Agents activities. Besides, the Company also had income from
interest and rent. After meeting fixed over heads, the profit before
depreciation was Rs.174.00 lacs. However, after depreciation and adjustment
of exceptional items profit for the year was Rs.401.74 lacs. There is no
income tax liability for the year due to brought forward losses and
unabsorbed depreciation. The net worth as at 31.3.2012 after adjusting
aforesaid profit was negative at Rs.51.23 lacs.
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