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SWADESHI INDUSTRIES AND LEASING LIMITED
ANNUAL REPORT 2011-2012
MANAGEMENT DISCUSSION AND ANALYSIS
(i) Industry Structure and Developments:
Your Company is engaged in business of business of Construction activity
and Manufacturing Pet Preforms.
(ii) Opportunities and Threats:
(a) Opportunities:
* Move up the value chain & have presence in manufacturing and retailing.
* Industry moving towards consolidation,
(b) Threats:
* Threats from the other countries eg. China.
* Change in Government's Support & Incentives.
* Threats from world economy slowdown.
* Possible Long Term threat from other brands & Chinese export.
(iii) Segment wise or product wise performance:
The said clause is not applicable to the Company.
(iv) Risks and Concerns:
The Company's risk management system has identified some risks collated at
the department level and planned suitable mitigation measures. These are
subject to quarterly review by a Risk Co-ordination Committee and the Audit
Committee.
(v) Internal Control System and their Adequacy:
The Company has in place adequate internal control systems and procedures
covering all the financial and operating functions. The Audit Committee
regularly reviews the adequacy of internal controls, compliance with the
accounting standards as well as recommends to the Board the adoption of the
quarterly and annual results of the Company and appointment of Auditors.
The Audit Committee also reviews the related party transactions, entered
into by the Company during each quarter.
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SWADESHI INDUSTRIES AND LEASING LIMITED
ANNUAL REPORT 2010-2011
MANAGEMENT DISCUSSION AND ANALYSIS
Rs. in Lacs
FINANCIAL RESULTS 31.03.2011 31.03.2010
Total Income 134.55 115.23
Gross Profit/Loss (00.30) 06.76
Less: Depreciation 07.63 08.03
Provision for Taxation 00.00 00.00
Profit/Loss after Taxation (07.93) (01.27)
Add. Loss Brought forward from previous year (38.87) (33.54)
Previous year taxation 00.00 (04.03)
FBT of previous year 00.00 (00.09)
Other Adjustment of previous year 00.00 00.06
Profit & Loss Appropriation Account (46.80) (38.87)
OPERATIONS:
The Company's operating results for the year are showing Net Loss of
Rs.7.93 Lacs, against the Loss of Rs.1.27 Lacs, in the previous year. As
explained in the last year's Annual Report, due to development in
manufacturing technology our machines have become obsolete and outdated.
Your Directors have decided to run the manufacturing unit because our
regular expenses for running the Company and provision for depreciation
etc. are taken care by this unit.
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SWADESHI INDUSTRIES AND LEASING LIMITED
ANNUAL REPORT 2009-2010
MANAGEMENT DISCUSSION AND ANALYSIS
FINANCIAL RESULTS
2010 2009
Rs. Lakhs Rs. Lakhs
Total Income 115.23 126.94
Gross Profit/Loss 6.76 9.11
Less: Depreciation 8.03 6.83
Provision for Taxation - 1.00
Profit/Loss after Taxation (1.27) 1.28
Add : Loss Brought forward from previous year (33.54) (39.73)
Previous year taxation (4.03) 4.90
FBT of previous year (0.09) -
Other Adjustment of previous year 0.06 -
Profit & Loss Appropriation Account (38.87) (33.54)
OPERATIONS:
The Company's operating results for the year are showing Net Loss of
Rs.1.27 Lacs, against the profit of Rs.1.28 Lacs, in the previous year. As
explained in the last years annual report, due to development in
manufacturing technology our machines have become obsolete and outdated.
Your Directors have decided to run the manufacturing unit because our
regular expenses for running the company and provision for depreciation
etc. are taken care by this unit.
For running manufacturing unit economically, we have decided to manufacture
two types of Preforms only, which has saved running times of machines
drastically and saved power consumption by using multi cavity moulds.
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