monozyme india ltd Management discussions


MONOZYME INDIA LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS Financial Performance: (Rs.In000) Particulars For the year ended 31.03.2008 31.03.2007 Net Sales/Income from operations 344.30 50724.39 Other Income 17493.24 624.79 Profit before Interest, Depreciation & Taxation 2985.10 (-)6361.68 Interest & Financial Charges 3726.80 4520.69 Depreciation 987.35 1283.67 Loss before Tax (-) 1729.05 (-) 12166.04 Provision for Taxation (Net of deferred tax) 14.64 878.80 Net loss carried to Balance Sheet (-) 1743.69 (-) 13044.84 There was a severe setback to the Company during the months of October 2006, November 2006 and December 2006, due to certain false and frivolous complaints made against the Company and its products. But the lab reports confirmed that our products are absolutely alright and the complaints were wrong. At present, we are to the process of reorganizing the affairs and trying to bring normalcy.