abbound bio agri technologies ltd Management discussions


ABBOUND BIO-AGRI TECHNOLOGIES LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS (Rs.ln Millions) I. FINANCIAL RESULTS & OPERATIONS 2006-2007 2005-2006 1. Total Sales (Turnover) 5.908 9.062 2. Profit/Loss for the Year (9.451) (11.229) Your Company has recorded operating Sales of Rs.5.908 Millions during the year under review as against 9.062 Millions in the previous year showing decrease of 53%. The decrease in Sales is mainly due to reduction in Export of Flowers and new activities not generating business as anticipated. Your Company has also undertaken a major exercise of revaluing Assets & Liabilities to value them at its more representative realizable value. II. PROSPECTS FOR THE CURRENT YEAR The Companys efforts to break even have not yet succeeded due to reasons like age of plants, outdated verities, and uneconomic size of operations. Your Directors assure renewed efforts to meet the challenges posed by these factors.