amco properties investments ltd Management discussions


AMCO PROPERTIES AND INVESTMENTS LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS Operations: The Company has not made any further investments during the year under review. However, your Directors are continuously reviewing opportunities. In regard to investment already made, the Investee Company, namely, ASIL did not declare any dividend for the year ending 31.12.06. The Board is confident that the Joint Venture between Amalgamations Group and Saft of France will be of immense benefit to the Investee Company thru transfer of superior technology and other assistance and the Investee Company will register significant growth both in revenue and in profit leading to satisfactory return on the investment. During the year there was a nominal income of Rs. 20,000 and after charging expenses, a nominal profit of Rs.4,314/- and a provision of Rs. 500 towards Minimum Alternate Tax has been made.