shree jagdambe paper mills ltd Management discussions


SHREE JAGDAMBE PAPER MILLS LIMITED, SIRSA ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS 2008 2007 (Rupees) (Rupees) ACCOUNTS: The Gross Profit of the Company for the period amounts to 9350958 11869178 out of which are deducted: Depreciation 6351883 7072849 Interest 2550219 2480862 Leaving Surplus/Deficit (+) 48856 (+) 2315467 Income Tax/Wealth Tax (-) 599423 (-) 265022 Deferred Tax (+) 331790 (+) 1057963 F.B.T. Deposited (-) 59800 (-) 77469 Add :Carry forward loss/profit of previous year 7001095 3970156 Making total surplus available (+) 7122518 (+) 7001095 APPROPRIATIONS : Balance Of Profit/Loss (+) 7122518 (+) 7001095 carried to balance sheet WORKING RESULTS: The Company had produced 8072 M.T. Packing Paper during the year under review as against. 8403 M.T. of Packing Paper in the previous year. FUTURE PROSPECTS: Due to severe competition from mills operating in radius of Delhi and there is no margin in the manufacture of Kraft Paper, the Company has taken over other activities such as handling and. commission agency business. By taking these activities Company is able to reduce the losses. FINANCE: Your company place on record their heartiest, thanks to the Management of Indian Overseas Bank, Sirsa for providing various loan facilities.