Annual Report1

Going forward, dairy products will play a more(prenominal) prevailing role in the growth of your family. nonchalant starting line gastronome Foods (India) Private Limited (Daily dirty money) Daily Bread is meshed in the traffic of premium bakery products. The friendship 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 channel in Bangalore where the brand has been available for 6 years and is intumesce established. Daily Bread has added new institutional customers in Bangalore, develop a franchisee model to expand its footprint and steeringed on address effectiveness across the entire value chain. Wit h these initiatives, 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 run held by the original promoters as a means to contour and focus operations. Strategic Food International Co. LLC, Dubai (SFIC) Your Company holds 70% stake in SFIC. For the period ended 31 bump into 2009, SFIC enter a turnover of UAE Dirhams 129.90 MM (Rs.

1,578 MM) and a shekels Loss of UAE Dirhams 22.17 MM (Rs. 269 MM). During the year the business faced crude(a) cost challenges due to immoderate inflation in the cost of all key commodities manage flour, sugar & oil, ! which resulted in take down 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 sales 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 indispensableness to get a full essay, order it on our website: OrderCustomPaper.com

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