Western Ministil Ltd Management Discussions.

WESTERN MINISTIL LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS OPERATING RESULTS The Company has not carried out any operations as the restructuring of the Company has to be undertaken before any plans for diversification of business can be contemplated. As of now, the activities continue to remain at a standstill. FINANCE No public deposits have been accepted during the year under review. Unsecured loans amounting to Rs.478.36 lacs (Previous year Rs.474.83 lacs) represent money due to associate Companies which liability the Company has been unable to discharge for want of funds. INDUSTRIAL RELATIONS The Company has no employees and the affairs of management are conducted by the directors who have been authorised to this effect.