express resorts hotels ltd Management discussions


KIRLOSKAR GHATGE PATIL AUTO LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE OF THE COMPANY During the year under consideration income by way of sale of finished goods amounted to Rs. 1.98 lacs previous year Rs. 6.06 lacs) whereas the income by way of machining charges amounted to Rs. 25.38 lacs (previous year Rs. 3.13 lacs). The income from other sources amounted to Rs. 17.99 lacs previous year Rs. 52.86 lacs). The net result was a total income of Rs.45.36 lacs for the current year ended 31st March, 2006 as compared to that of Rs.62.06 lacs for the previous year. There was decrease in operating and other expenditure as well as cost of finance. There was marginal rise in cost incurred on employees remuneration. The total expenditure for the year amounted to Rs.41.03 lacs (previous 53.14). After making a provision of Rs.4.05 lacs (previous year 6.84 lacs) for depreciation, your company earned a profit of Rs.0.26 lacs (previous year Rs. 2.07 lacs) during the year under consideration. As a result of Deferred Tax adjustment and a provision for Fringe Benefits Tax, the book profit of the company for the year amounts to Rs. 1.43 lacs.