ALPS INFOSYS LIMITED
ANNUAL REPORT 2002-2003
MANAGEMENT DISCUSSION AND ANALYSIS
1. Overall Review
The overall performance during the year 2002-2003 has been satisfactory.
2. Financial Review
The Sales for the year ended on 31st March 2003 was Rs.1,26,24,364/-.
Interest expenditure was lower since the term loans were repaid and better
working capital management
The gross block of fixed assets as at 31st march 2003 was Rs. 1.33,58,0437-
3. Internal Control System and their adequacy
Consideration the size of the company, your company has adequacy system of
internal control to provide reasonable assurance that assets are
safeguarded and protected from unauthorized use or disposition.
The internal audit is carried out by a firm of Chartered Accountants and
reports reviewed by the management at regular intervals.
4. Business Environment
The performance of the company for the year under review was satisfactory.
The company is now planned to expansion in the business of IT Enable
services and defense software in the Indian as well as overseas market.
5. Risk And Concern
The building plan and machinery, vehicles and stocks of the company are
6. Cautionary Statement
Statement in this report on management discussion and analysis may be
forward looking statements with in the meaning of applicable security laws
or regulations. These statements are based on certain assumptions and
expectations of future events. Actual results could, however, defer
materially, from those expressed or implied. Important factors that could
make a difference to the company's operations include global and domestic
demand supply conditions, finish goods prices, raw material cost and
availability and changes in government regulation and tax structure,
economic development with in India and the countries with which the company
has business contacts and other factors such as litigation and industrial
The company assume no assumes no responsibilities in respect of forward
looking statements which may be amended or modified in future on the basis
of subsequent developments, information or events.
For Alps Infosys Limited