apm investments ltd Management discussions


APM INVESTMENTS LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS Performance: Your Directors wish to inform you that the company has not started financial activities due to the adverse financial conditions of the company. The interest on the loans and advances already made during the earlier years is the only source of income to the company. After making the provision for Income-tax of Rs.10,000/- and Deferred tax liability of Rs. 39,586/- your Directors recommend the balance amount of Rs.29,46,832/- to be carried forward to the Balance Sheet. Industrial Relations: Your Directors take pride in reporting the cordial relationship between the management and the employees at all levels during the year under review.