Subramanian Engineering Ltd Management Discussions.

SUBRAMANIAN ENGINEERING LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL HIGHLIGHTS: The Financial highlights of the company for year ended 31st March 2008 are given below: During the period under review your company has earned a total income of Rs.47,80,902/-. The Net Loss for the year amounts to Rs.24,50,930/- after making a provision for Income Tax and other applicable taxes. The net loss aggregating to Rs.1,05,01,444/- has been carried to Balance Sheet. During the year under review SRP Property Developments, the Division of the company has entered into a Development Agreement with M/s. Brigade Enterprises Ltd., Bangalore, (Developer), a Listed Company, for a Joint Development of the Companys Property. Also a sum of Rs. 2.75 crores has been received from the Developer as Security Deposit and further necessary action is being taken in this regard.