addisons paints chemicals ltd Management discussions


ADDISONS PAINTS AND CHEMICALS LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE AND FUTURE OUTLOOK: The turnover of the Company (including Excise Duty) for the year under review was Rs.1305.20 lakhs as against Rs.1184.59 lakhs in the previous year registering an increase of 10.18%. However the loss for the year was Rs.347.18 lakhs as against Rs.277.99 lakhs in the previous year. The increased loss was due high cost of petroleum based raw materials, VRS compensation for optimising manpower reduction and increase in interest and bank charges. Continuous efforts are being taken to rationalise the operation and to improve the performance for the year 2006-07. For and on behalf of the Board P.V. SUNDARAM Place: Chennai-600 011. V.J. RAGHUNATH Date : 21st August, 2006. Directors