infreight logistics solutions ltd Management discussions

INFREIGHT LOGISTICS SOLUTIONS LIMITED (FORMERLY KNOWN AS INFREIGHT TECHNOLOGIES INDIA LIMITED) ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS A summarized financial results of the Company are given under: Current Year Previous Year Particulars (Rs.) (Rs.) Income from Operations 302577117 112922251 Profit/(Loss) before (19680762) (16116630) Depreciation and Tax: (Add) / Less: Depreciation: 1047387 242242 1487387 Provision for tax 440000 232320 Profit/ (Loss) after Tax and (20953128) (16591183) Carried Balance Sheet Bal. B/F for previous year (31636376) (15045184) Balance carried to B/S (52589505) (31636377) OPERATIONS: Your directors are happy to inform to you that following a change in the business model during year, there was a significant increase in the activities of your company. During the year, your company achieved a turnover of Rs.30 Crores, against Rs.11.23 Crores in the previous year. Your company has also embarked on several initiatives such as: 1) Building a trucker community 2) Optimization of client transit insurance to reduces risks. 3) General Warehousing. On the basis of the work that the company has done in Logistics Operations, your company is in the process of scaling up the activities in all the areas of business that the company is involved in, namely Logistics Operations, Consulting and Software and Vehicle Tracking Solutions. Your company has signed contracts with leading players in the growing retail sector, based on the expertise it has developed in handling such operations. Your company is also working with other logistics companies and handles their back-end transportation operations through its community development initiative. All these activities are in line with the new business model, with the existing activities such as Logistics Consultancy Services and development of Transport Management Software complementing the new activity of Logistics Services. Your Companys community building initiative has made significant strides during the year and encompasses both local in-city movement as well as long distance routes, using a range of vehicles from LCVs to 32 feet containers and trailers. This has been one of the most significant developments during the year and is expected to scale up in the year ahead. Third Party logistics services such as Plant logistics, Inventory Management and warehousing are other areas of growth that your company is focusing on. The Company will continue to focus on its Consultancy, Software and Vehicle Tracking Systems, thereby, offering complete, end-to-end business solutions in the logistics arena.