shakthi knitting ltd Management discussions


SHAKTHI KNITTING LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS Operation During the year, your Company achieved an improved turnover of Rs 1236.83 millions as against Rs.942.36 millions in the previous year. After providing for Interest, Depreciation and Income tax the company has earned surplus to the tune of Rs 204.38 million as against the surplus available for appropriation is Rs. 180.93 million in the previous year. The company has achieved better performance in spite of hectic competitions. Your Company is highly committed to the customer satisfaction by providing quality products and timely delivery and also obtained WRAP Certification. Future Your company is committed to achieve greater heights in future and it had already implemented state of art technology at Bloomsburg division. This will undoubtedly place your company in an advantageous position in the highly competitive global market. Finance In order to strengthen the financial position of the company, it had availed during the year from State bank of India term loans worth Rs. 40.74 millions at concessional rate of interest which were mostly utilised for for additional machines and necessary supporting systems both at Bloomsburg and Colorsburg. During the year the Company has repaid around Rs 84.74 millions. Human Resources Development: The Management accords importance for adequate training and optimum utilisation of available manpower resources and has introduced safety measures and welfare activities that will t gradually improved upon. The Industrial relations have been cordial.