avasarala automation ltd Management discussions


AVASARALA AUTOMATION LIMITED ANNUAL REPORT 2003-2004 MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE OF THE COMPANY: Your Companys performance during the year under Report has resulted in Sates & Services at Rs.294.73 Millions as against Rs.195.98 Millions in the previous year. REVIEW OF OPERATIONS: The performance of the Company during the year under report has resulted in a Net Profit (after taxes) of Rs.16.44 Millions as against Rs.6.86 Millions in the previous year. CAPITAL EXPENDITURE: Your Company made an additional investment of Rs.14.92 Millions towards capital expenditure during the year as against Rs.7.59 Millions spent under this head in the previous year. Further, capital work in progress stood at Rs.1.09 Millions as at 31-03-2004 as against Rs.0.53 Millions as at 31-03-2003. INDIGENISATION: Your Company continued its efforts at indigenisation through vendor development, quality improvement etc., which is in the interest of the Company for its very survival and growth. Further your Companys continued focus on providing the best customer service and close interaction with the customers is helping the Company to improve the quality of its products. HRD & INDUSTRIAL RELATIONS: Your Company continued to pursue policies aimed at professionalisation and development of the human resources. The training for employees continued at all levels by organizing in-house training programmes, sponsoring employees to various training programmes organised by outside Agencies so that one of our important resources namely, human resources are in good shape. Industrial relations remained cordial throughout the year.