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SUJANA METAL PRODUCTS LIMITED<br />
instalments commencing from June 01,2009).<br />
Therefore, the existing Cumulative Redeemable<br />
Preference Shares (CRPS) for Rs.20, 38, 26,000<br />
stands redeemed w.e.f. 19th November 2009.<br />
Reserves & Surplus:<br />
In 2009-11 period, the reserves stand at Rs.<br />
59073.71 Lakhs against Rs.32932.76 Lakhs<br />
in 2008-09. The increase in reserves are<br />
Rs.26140.95 lakhs.<br />
Loan Funds:<br />
2009-11<br />
(18 months)<br />
(Rupees in Lakhs)<br />
2008-09<br />
(12 Months)<br />
Secured Loans 89943.21 55468.82<br />
Un-secured<br />
Loans<br />
Net Worth:<br />
10910.42 9367.98<br />
The net worth of the Company as on 31st<br />
March, 2011(consisting of 18 months) is<br />
Rs.70384.68 lakhs against Rs. 39927.22<br />
Lakhs in 2008-09. The increase in the Net<br />
worth is about 76.28% when compared to net<br />
worth at the end of previous financial year.<br />
Fixed Assets:<br />
The Gross Block as on 31.03.2011 stood at<br />
Rs. 58087.28 lakhs and the Net Block as on<br />
31.03.2011 stood at Rs. 43231.85 Lakhs<br />
Investments:<br />
Investments of the Company as on 31.03.2011<br />
invested is Rs. 761.11 Lakhs against Rs.<br />
686.39 Lakhs as on 30.09.2009.<br />
Loans, Advances:<br />
Loans and Advances as on 31st March, 2011<br />
are Rs. 54506.82 Lakhs against Rs. 19778.86<br />
Lakhs as on 30th September, 2009.<br />
6. SEGMENTWISE PERFORMANCE &<br />
GEOGRAPHICAL INFORMATION:<br />
The Company primarly engaged in the<br />
business of manufacturing sales and Trading<br />
sales of Iron & Steel products.The Company<br />
has identified two primary business segments,<br />
namely manufacture steel and Trade Steel<br />
& Steel products, which in the contest of<br />
accounting standard - 17 on “Segment<br />
Reporting” constitute reportable segments.<br />
7. STATUTORY COMPLIANCE :<br />
Your Company gives priority to compliance<br />
with all of the statutory requirements in time<br />
and the management regularly discusses<br />
the same with all of the departmental heads.<br />
The Company Secretary, as Compliance<br />
Officer, ensures timely compliance with the<br />
SEBI Regulations and provisions of listing<br />
agreements.<br />
8. MATERIAL DEVELOPMENTS IN HUMAN<br />
RESOURCES:<br />
The development of Human Resources is a<br />
key strategic challenge in order to prepare<br />
people for future responsibilities in terms of<br />
professional skills as well as business skills.<br />
<strong>Sujana</strong> Metal Products Limited has conducted<br />
training programmes to its employees enabling<br />
them to improve / upgrade their skills.<br />
The Company recruited fresh Engineering<br />
graduates, Diploma engineers and fresh<br />
Chartered Accountants, Experienced<br />
Executives are recruited only for critical<br />
positions for which skill sets are not adequate<br />
in the existing team.<br />
Silent Revolution continues unabated:<br />
Creating tomorrow’s leaders through<br />
identification and nurture of potential talent.<br />
The Company has taken numerous initiatives<br />
for leadership development.<br />
Cautionary Statement<br />
Statements in this management discussion and<br />
analysis describing the Company’s objectives,<br />
projections, estimates and expectations may<br />
be ‘forward looking statements’ within the<br />
meaning of applicable laws and regulations.<br />
Actual results may differ substantially or<br />
materially from those expressed or implied.<br />
Important developments that could affect the<br />
Company’s operations include a downtrend<br />
in the industry – global or domestic or both,<br />
significant changes in political and economic<br />
environment in India, applicable statues,<br />
litigations, labour relations and interest costs.<br />
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