himatsingka auto enterprises ltd Management discussions


HIMATSINGKA AUTO ENTERPRISES LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF OPERATION, FUTURE PROSPECTS AND OUTLOOK OF THE COMPANY During the year under review your Companys operating profit has reduced than that of the Previous Year as borne out by the above figures. The key objective of the Company was to restructure and set path for profitable growth in future. During the year under review the Hire Purchase activities have been substantially reduced. The Company has invested its funds in Automobile Dealership of Honda Motor Cycles and Scooters at Kolkata. The Company is also taking effective steps to realize its non- performing assets.