classic biotech & exports ltd share price Management discussions


CLASSIC BIOTECH AND EXPORTS LIMITED ANNUAL REPORT 2008-2009 MANAGEMENT DISCUSSION AND ANALYSIS a) The overall condition of floriculture industry, though satisfactory. Government regulatory conditions and international market, competition are the main factory coming in the way of your company to register better turnover and contribution thereon. OTS with banks could not be completed during the year for various factory and hopeful of completing the same in the cusses years. Your company has registered net sales of 70.50 lakhs and net loss of 40.22 lakhs as against 89.72 lakhs and 62.41 lakhs, respectively, in the previous years. b) Internal control system and their adequacy The management has formulated internal control systems to ensure safeguarding of the assets and interests of the company. The internal controlled systems are devised to promote operational efficiencies at the work place. c) Financial performance with respect to operational performance The company has achieved a turnover of Rs. 70.50 Lakhs. The net loss was Rs.40.22 lakhs. Paidup share capital as at 31st March 2009 stood at Rs 499.98 Lakhs Loss per share for the year was Rs. 0.80. d) Human resources development and industrial relations The industry is Labour oriented and depends on casual Labour for its production, harvesting and grading activities. The Company recognizes the contribution of its people in creating a company, which is ranked as one of the best amongst all the floriculture units in this region. Industrial relations have been generally cordial during the year.