R J Shah & Company Ltd Management Discussions.

R.J. SHAH AND COMPANY LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF OPERATIONS The work of T.R.T., Tail Surge well and intake structure with extra item & additional items of work was completed on 31-07-2006, with contract value of more than 50 Crores. Mechanical Spinning of WAN project achieved satisfactorily. Tender for value of 3.5 Crores is in final stages of negotiation & further tendering in progress for new works. INSURANCE All the fixed assets of the Company have been adequately insured.