NOVA STEELS (INDIA) LIMITED
ANNUAL REPORT 2009-2010
MANAGEMENT DISCUSSION AND ANALYSIS
FINANCIAL RESULTS: (Rs. In Lakhs)
(12 Months) (12 Months)
Sales and other income - -
Profit/(Loss) before depreciation (38) (36)
Net Profit/(Loss) (38) (36)
Extraordinary Items - 14
Profit/(Loss) brought forward (12323) (12301)
Profit/(Loss) carried to Balance Sheet (12361) (12323)
Due to the action taken by all the Secured Lenders U/s 13(4) of
Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002 (SARFAESI) in the year 2006, the Company has no
asset. Hence there was no business activity during the year under review.
The Company is trying to explore the possibilities of new business.
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