saraya industries ltd Management discussions


SARAYA INDUSTRIES LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS PROSPECTS: Your Company registered an increase of approx. 12.83% in the turnover by achieving total turnover of Rs. 15,916.94 lacs compared to previous year turnover of Rs. 14,106.67 lacs. Company recorded Gross Profit before Tax & Depreciation of Rs.952.22 lacs compared to previous year figure of Rs.793.33 lacs. Management of the Company is hopeful to increase the profits of the Company further by controlling the expenses of the Company. The Company could have achieved more turnover, if there has been sufficient supply of Molasses, the key raw material of the Distillery. The Company has helped a sick sugar mill in the vicinity to revive as part of strategy for getting the regular supply of Molasses at a prevailing price but saving on account of transportation cost. INDUSTRIAL RELATIONS: The industrial relations, continued to remain cordial and harmonious at all levels during the year under review.