Remi Process Plant & Machinery Ltd Management Discussions.

REMI PROCESS PLANT AND MACHINERY LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS (Rs. In Lacs) Financial Results 2009-2010 2008-2009 Gross Turnover 2407.70 1683.54 Gross Profit 347.37 154.01 Less: Depreciation 41.33 29.31 Taxation 94.54 135.87 42.15 71.46 Add: Excess retirement provision written back 0.00 4.36 Net Profit 211.50 86.91 Balance brought forward 205.03 163.71 Profit available for appropriations 416.53 250.62 Appropriations Transferred to General Revenue 50.00 25.00 Proposed Dividend 17.60 17.60 Tax on Distribution of dividend 2.92 2.99 Balance carried to Balance Sheet 346.01 205.03 416.53 250.62 OPERATION/PROSPECTS Your Companys turnover has increased by about 50% and the G.P. by about 100% mainly due to supply of special mixing equipments for metallurgical process. The Company is keen to develop such markets to obtain regular and long term benefits. Your Company has procured land in Palghar and has constructed its factory building there, to expand its manufacturing operations to meet the growing demand of the Indian economy.