namaste exports ltd Management discussions


NAMASTE EXPORTS LIMITED ANNUAL REPORT 2011-2012 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL RESULTS (Rs. in Thousands) 2011-2012 2010-2011 Sales & Other Income 52351 42369 Profit(Loss) Before Interest Depreciation & Non Operative (Loss)/Profit 4716 6923 Less/(Add) Interest 13 97 Depreciation 565 3019 Non-Operative loss - - Profit (Loss) before Tax 4138 3807 Profit (Loss) after Tax 4138 3807 Add/(Less): Prior year Adjustments Loss brought forward (702088) (705895) Less reduction in equity share capital Loss carried to Balance Sheet 697949 702088 PUBLIC DEPOSITS During the year under review, your Company has not accepted any deposits under the provisions of Section 58A of the Companies Act, 1956 and the rules made thereunder. OPERATIONS At present your company is operating on Job Work Basis. Merger proposal of Success Apparels Pvt. Ltd., (SAPL) with Namaste Exports Ltd. (NEL) is in active consideration of BIFR/IDBI. The company has earned profits for the third year consecutively. We are hopeful of continuing the same trend and improving the same. Your company looks forward for early clearance of the proposal.