mpl enterprises ltd Management discussions


MPL ENTERPRISES LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF OPERATIONS: The total income during the year ended 31st March, 2010 is Rs.342.25 lakhs (Rs.336.39 lakhs during the previous year) The rental income (user compensation) has increased from Rs.183.53 lakhs to Rs.202.20 lakhs during the reporting year, The income received from the general insurance related activities is Rs.86.11 lakhs as against Rs. 107.19 lakhs for the previous year. The income earned from money changing business during the year is nominal. The Net Profit earned after depreciation and Taxation is Rs. 24.57 lakhs as against 55.22 lakhs in the previous year. During the period under review the company has raised Secured Redeemable Non-Convertible Debentures amounting to Rs.919.00 lakhs in order to partly repay the amount due to ICDS Ltd. under the demerger dues. In view of the huge interest to be paid to debenture holders in the coming years it is not possible to recommend dividend during the year under report.