Dr Sabharwals Manufacturing Labs Ltd Management Discussions.
DR. SABHARWALS MANUFACTURING LABS LIMITED
ANNUAL REPORT 2007-2008
MANAGEMENT DISCUSSION AND ANALYSIS
Due to recession in the pharmaceutical industry and high input cost, the
company has suffered a net loss of Rs. 27,22,382.48 Lacs during the year
under report. The comparative results for the year and those of previous
year are summarised below:
1. Operating Profit/Loss
before Interest & (526889.19) 33,61,673.88
2. Less: Interest 11,34,122.81 7,88,849.47
3. Profit/Loss before Depreciation (16,60,412.00) 25,72,824.41
4. Less Depreciation 10,61,970.48 10,89,132.92
5. Profit/Loss after Depreciation
and Interest (27,22,382.48) 14,83,691.49
6. Less: Provision for
Deferred Tax Liability (8,80,910.00) (4,05,261.00)
7. Less: Provision for Taxation 1,00,000.00 5,74,000.00
8. Net profit/Loss after Taxation (19,41,472.48) 13,14,952.49
9. Balance brought forward
from previous year 2,806.03 19,583.14
10. Adjustment relating to
previous year & Taxation - 1,95,769.60
11. Loss/ Profit available
for appropriation (19,38,666.45) 11,38,766.03
12 Transfer from General Reserve - -
13. Dividend NIL 8,00,000.00
During the year under report,due to stiff competition in the domestic as
well as overseas market your company has suffered oevere set back and sales
of your company during the year under report have been Rs.389.38 lacs as
compared to Rs. 439.76 lacs during the previous year. Because of fall in
sales and high input cost the company has suffered a net loss of
Rs.27,22,382.48 Lacs during year after charging interest and depreciation
under input as compared to net profit of Rs. 14,83,691.49 Lacs during the
immediate precedding year. The company is taking all necessary steps to
improve performance and profitibility in the comming year.
Your Directors are happy to announce that the Company after getting ISO
9001:2000 Certificate is maintaining the spirit of total quality management
and is earning more by reducing rejections and failures. We hope to have
more business and growth for the time to come.
Directors are pleased to record their deep appreciation for the efforts put
in and co-operation extended by the employees at each level. A spirit of
team work and cordial relations existed throughout the year.
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