PACKTECH INDUSTRIES LIMITED
ANNUAL REPORT 2009-2010
MANAGEMENT DISCUSSION AND ANALYSIS
* Industry Structure and Performance:
The Company was in the business of manufacturing of HDPE/PP woven sacks.
Production activities have been stopped since February 2001.
* Financial Review:
During the year under review the company earned profit after tax of
Rs.4,45,188/-. However, the accumulated losses brought forward from earlier
years were of Rs. 3,41,68,869/- thereby resulting in overall loss of
Rs.3,37,23,681/- as compared to loss of Rs. 3,41,68,869/- for the previous
* Internal Control:
The Company has formed audit committee and has adequate internal control
system in existence.
* Outlook and opportunities:
Presently, production activities have been stopped since February 2001.
Management is looking for new avenues.
* Human Resource:
The Company has no employee other than Managing Director.
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