mangaldas mehta co pvt ltd Management discussions


MANGALDAS MEHTA AND COMPANY PRIVATE LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS Operations: During the year company has earned an income of Rs.15,00,000/- from Heritage Hotel due to a profit sharing other income of the company compare to previous year. Because of increase in other income the companies loss after deprecation and tax has decrees compare to the previous year. Work began on building the new swimming pool and gymnasium within the premises in the previous and will be shortly completed in the new year. Further finding for the capital expenditure of the hotel project was provided by the holding company M/s. Victoria Capital Ventures Ltd., according to contract entered with them. The Company has to repay this borrowing as per terms of the contract. Prospects: Your company proposes to continue the profit sharing arrangement with its holding Company, Victoria Capital Ventures Limited to operate the Hotel. This will enable it to generate a healthy income as well as meet its expenses.