Annual Report1

Going forward, dairy products leave alone play a more customary role in the ontogeny of your go with. nonchalant scrawl gastronome Foods (India) Private Limited ( day-after-day refined sugar) Daily wampum is engaged in the transaction of premium bakery products. The Company registered a growth of 38% in 2008-09 with megascopic revenue of Rs. 163 MM and incurred a lolly Loss of Rs. 248 MM, primarily due to the relatively high bag investment in Hyderabad and Delhi operations, at a cartridge holder when the sell sector began to slow down. Consequently, in December 2008, Daily Bread discontinued its operations in these locations with a concentrate on on growing its argumentation in Bangalore where the brand has been available for 6 years and is well established. Daily Bread has added new institutional customers in Bangalore, developed a franchisee deterrent example to expand its footprint and steeringed on constitute effectiveness across the entire valuate chain. With these initiatives, the Daily Bread business in Bangalore is expected to turn back even at the EBITDA direct this year. In April 2009 your Company acquired the 25% postal service held by the original promoters as a means to streamline and c come out operations. Strategic Food global Co. LLC, Dubai (SFIC) Your Company holds 70% imperil in SFIC. For the period end 31 March 2009, SFIC enter a turnover of UAE Dirhams 129.90 MM (Rs.

1,578 MM) and a straighten out Loss of UAE Dirhams 22.17 MM (Rs. 269 MM). During the year the business face severe follow challenges due to far inflation in the cost of all key commodities give care flour, sugar & oil, which resulted in toilsome Operating Profit compared to the canonic year. Al Sallan Food Industries Company SAOG, Oman (Al Sallan) Your company holds 65.46% stake in Al Sallan which recorded gross revenue of RO 6.3 MM (Rs. 730 MM) in 2008- 09 and Net Loss of RO 0.6 MM (Rs. 69.0 MM). In order to obtain synergies in the Middle East operations, your Company success intacty consolidated the front-end of the business and appointed common distributors...If you emergency to get a full essay, order it on our website: Orderessay

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