salveo life sciences ltd Management discussions


SALVEO LIFE SCIENCES LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS YEAR IN RETROSPECT AND FUTURE GROWTH Your Company received the Certificate of Commencement of Business dated 1st December, 2005. Your Company is in the business of Ayurvedic / Herbal Medicines. During the period the Company has made significant strides towards putting the systems, procedures and infrastructure in place. The Company acquired approximately 5000 sq ft of fully furnished office space at Bangalore on lease rental basis. The Company is also in the process of installing proper system of accounting and reporting for which your Company has purchased a software called Microsoft Navision and another software called Sales Force Automation for sales reporting. Your Company has already identified a portfolio of products by analyzing the markets. The products will be procured from two manufacturers, one in Kolkata, West Bengal and the other in Noida, Utter Pradesh. The Agreement with these manufacturers have already been signed. With the basic ground work having been done, your Company will start its full fledged operation by end June of the current financial year. The Company is set to launch its products commercially. Several senior positions have now been filled and the current year should see a significant step towards your Companys success.