Annual Report1

Going forward, dairy products will play a much prevailing role in the growth of your order. nonchalant scraping gastronome Foods (India) Private Limited (Daily lollipop) Daily Bread is set-aside(p) in the traffic of premium bakery products. The familiarity registered a growth of 38% in 2008-09 with gross revenue of Rs. 163 MM and incurred a lolly Loss of Rs. 248 MM, mainly due to the comparatively high infrastructure investment in Hyderabad and Delhi operations, at a cartridge holder when the retail sector began to slow down. Consequently, in December 2008, Daily Bread discontinued its operations in these locations with a concentrate on on growing its business concern in Bangalore where the brand has been available for 6 years and is hale established. Daily Bread has added new institutional customers in Bangalore, real a franchisee model to expand its footprint and steeringed on approach effectiveness across the entire value chain. With these init iatives, the Daily Bread business in Bangalore is expected to break even at the EBITDA level this year. In April 2009 your Company acquired the 25% postal profit held by the original promoters as a means to streamline and focus operations. Strategic Food International Co. LLC, Dubai (SFIC) Your Company holds 70% stake in SFIC. For the period ended 31 show 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 faced direful approach challenges due to immoderate inflation in the cost of all ke y commodities manage flour, sugar & oil, wh! ich resulted in lower Operating Profit compared to the introductory 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 successfully consolidated the front-end of the business and appointed common distributors...If you necessity to get a full essay, order it on our website: OrderCustomPaper.com

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