varsha fashions pvt ltd Management discussions


VARSHA FASHION PRIVATE LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE RESULTS The results are summarized as under: - F.Y. 2006-07 F.Y. 2005-06 Profit before Depreciation Rs. 8460256 8864392 Provision for Depreciation Rs. 1626864 1455823 Profit before Tax Rs. 68333622 7408574 Provision for Income Tax Rs. 2481000 2611000 Provision for Differed Tax Rs. 89154 58235 Profit after Tax Rs. 4263208 4502339 Balance brought forward Rs. 37760875 33258538 Balance carried forward Rs. 42024083 37760875 OPERATIONS During the year under review, the Turnover has decreased considerably as compared to the previous year. The Turnover amounted to Rs. 19.36 Crores (Previous year Rs. 19.99 Crores). Net Profit after Tax was Rs. 42.63 Lacs as against Rs.45.02 Lacs of Previous year. Though the turnover reduced in rupee term however turnover in terms of quantity has being increased basis due to fact that raw material price and selling price have being reduce during the year under review. This performance has improved the EPS & CEPS reflecting the intrinsic financial strength of your company. DONATIONS Your Company has made donations agg. Amount Rs.193187 to various charitable institutes during the year under review