MOHAN BREWERIES AND DISTILLERIES LIMITED
ANNUAL REPORT 2006-2007
MANAGEMENT DISCUSSION AND ANALYSIS
PERFORMANCE OF THE COMPANY
During the year under report, the Company recorded a turnover of Rs. 759.02
Crores against Rs.583.95 crores in the previous year. The Company has
earned a profit of Rs. 19.08 Crores (previous year: Rs.10.60 Crores). The
details of profits and distribution of the same are given below:
Rs. In Lacs
Year Ended Previous Year
Profit before Taxation 1907.61 1060.36
Provision for Taxation
Current Tax 815.00 381.00
Deferred Tax (Net) (291.53) (279.35)
Fringe Benefit Tax 45.00 56.00
PROFIT AFTER TAX 1339.14 902.71
Add: Surplus brought forward
From previous year 7173.89 6271.18
BALANCE CARRIED TO
BALANCE SHEET 8513.03 7173.89
BREWERY LICENSED CAPACITY
Your directors wish to inform you that your Company has got approval from
the Government of Tamilnadu for enhancing the Brewery capacity from
67,50,000 cases per annum to 1,05,30,000 cases per annum without monthly
restriction vide G.O. (Ms) No. 60 dt. 9.8.2007. This will enable your
Company to hardness the market potential to the fullest extent.
BIO-MASS BASED POWER EXPANSION PROJECT
Your directors have pleasure in informing you that the capacity expansion
of Bio-mass based Power Project from 12 MW to 18 MW is in progress and is
expected to be commissioned in November 2007.
EXPANSION OF GLASS DIVISION
Your directors have pleasure in informing you that your Company is in the
process of enhancing the capacity of the unit from 140 TPD to 240 TPD at a
total project cost of Rs. 67 crores. Term Loan to the tune of Rs. 50 crores
is being planned and necessary applications have been submitted for
sanction of the same. The balance cost will be funded out of internal
sources. The project is expected to commissioned in July 2008.
Your directors wish to inform you that the Real Estate Project is
progressing and your Company is in the process of complying with the
Memorandum of Understanding entered into with the Developers for
development of the Township in an area of 55 acres of land at Chennai. The
project is scheduled to commence construction during Mid 2008.
Your directors have pleasure in informing you that the biodiesel project
pursued under M/s.D1 Mohan Bio Oils Limited is progressing and have
enlisted 31500 acres under Contract Farming till date. M/s.lndian Bank and
M/s. Karur Vysya Bank support Jatropha cultivation by extending Crop Loan
facilities to individual farmers, under tie-up arrangement with M/s.D1
Mohan. M/s. State Bank of Hyderabad and M/s. Bank of Baroda have evinced
keen interest in funding Jatropha cultivation in a big way.
Your directors have pleasure in informing you that the trial cultivation of
Casurina Junghuniana, new species taken in our Farm at Kadalur Village,
Chingleput District has given very good results arid your Company plans to
multiply this tree seedling by Vegetative Propagation Method in a bigger
way for sale to the farmers in Kancheepuram District for enhancing the
availability for,your Bio-mass based Power Project at Palyaseevaram,
The Jatropha cultivation in 600 acres in our Wind Farms at
Kayathar/Perungudi is in good shape. The scanty rainfall in that region has
forced the Company to restrict further expansion of cultivation of
Your directors have pleasure informing you that the Trading Division have
registered a trading turnover of Rs.14.46 crores for the year ended
31.3.2007 and handled Sugar, Coal, Palm Oil, Sanitary Wares, Paper Waste,
Kitchen Fittings etc. during this year.
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