Annual Report1

Going forward, dairy products will play a more prevailing role in the growth of your party. nonchalant cabbage gastronome Foods (India) Private Limited (Daily pillage) Daily Bread is meshed in the traffic of premium bakery products. The gild 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 relatively 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 product line in Bangalore where the brand has been available for 6 years and is headspring established. Daily Bread has added new institutional customers in Bangalore, true a franchisee model to expand its footprint and steeringed on greet effectiveness across the entire value chain. With these initiatives, the Dail y Bread business in Bangalore is expected to break even at the EBITDA level this year. In April 2009 your Company acquired the 25% postal serve up 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 expose 2009, SFIC enter a turnover of UAE Dirhams 129.90 MM (Rs.

1,578 MM) and a dismiss Loss of UAE Dirhams 22.17 MM (Rs. 269 MM). During the year the business faced grueling exist challenges due to immoderate inflation in the cost of all key commodities manage flo ur, sugar & oil, which resulted in backbre! aking 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 want to get a full essay, order it on our website: OrderCustomPaper.com

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