numech emballage ltd Management discussions


NUMECH EMBALLAGE LIMITED ANNUAL REPORT 2008-2009 MANAGEMENT DISCUSSION AND ANALYSIS Review the Status of Company: Your management is regularly complying with all statutory compliances and requested the stock exchange to revoke the suspension of the securities of the Company where the Companys shares are presently listed. Your Management took utmost care to protect the properties of the Company at plant, which is presently non-operational. In the Annual General Meeting held on 29th September, 2007, the Company had proposed creditors voluntary winding up. However, on the request of the members, the Company withdrew the resolution of the Creditors Voluntary Winding up and decided to revive the Company and look out for the opportunity to bail out the Company from the present crises in respond to the decision. During past two years the Company/its Directors have explored the opportunities and also negotiated with the players in the industry for strategic alliance. Considering the market trend, demand and supply chain, present competitors, lack of enough funds, weak financial resources, the Directors gave a thought to restructure the Company by way of amalgamation / absorption/takeover or winding up. However, the same could not be materialized and under the present circumstances the management was left with no other option but to wind up the operations/the Company.