Today's Top Gainer
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The Financial Statements of the Company have been prepared in accordance with accounting
Principles generally accepted in India, including the Accounting Standards specified under section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. The management accepts responsibility for the integrity and objectivity of these financial statements, as well as for various estimates and judgments used therein.
The estimates and judgments relating to the financial statements have been made on a prudent and fair manner the form and substance of transactions, and reasonably present the state of affairs, profile and cash flows for the year ending 31st March 2018.
INFORMATION TECHNOLOGY (IT) INDUSTRY & ITS FUTURE
The contributions being made by the IT industry towards the countrys GDP has led to a steady growth of the Indian economy. Indias IT industry is regarded as a hub of innovators providing world class technology solutions across the globe. Various international organizations have set up their offices here in India like Google, Accenture etc. It has helped in changing Indian economy from a agricultural based economy to a knowledge driven economy. It has given birth to e-governance practices, as a result of which people get an easy access via e-health, e-education, e-ticketing, parking etc. to the various governmental services. Today almost everything can be done online whether its shopping, ticketing, filing Income Tax returns etc.
Key drivers of growth in the IT sector
Low cost of operation and tax advantages
Supportive government policies including Government established SEZs
Availability of technically skilled manpower
Rapid introduction of IT technologies in major sectors such as telecom, BFSI, e-health/ education etc.
Strong growth in export demand use of new technologies like cloud computing and online portals (IoT & AI)
After the economic reforms various incentives were provided by both the state and central government for better emergence of the IT sector like liberalization of external trade, removing duties on imports of IT products, setting up Export Oriented Units (EOU), setting up of Software Technical Parks (STP) etc. Government of India has also set up National Task Force on IT and Software development to investigate the possibility of strengthening the economy.
India is the topmost off-shoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. US$ 150 billion Indian IT industrys export revenue to grow at 7-8% and domestic market revenue is projected to grow at 10-11 per cent in 2017-18.
The internet industry in India is likely to double to reach US$ 250 billion by 2020, growing to 7.5 per cent of gross domestic product (GDP). The number of internet users in India is expected to reach 730 million by 2020, supported by fast adoption of digital technology, according to a report by National Association of Software and Services Companies (NASSCOM). Indian technology companies expect Indias digital economy to have the potential to reach US$ 4 trillion by 2022, as against the Government of Indias estimate of US$ 1 trillion. Rise in mobile-phone penetration and decline in data costs will add 500 million new internet users in India over the next five years creating opportunities for new businesses, as per private equity and venture capital firm Omidyar Network. Cross-border online shopping by Indians is expected to increase
85 per cent in 2017-18, and total online spending is projected to rise 31 per cent to Rs 8.75 lakh crore (US$ 128 billion) by 2018!!!..Total spending on IT by banking and security firms in India is expected to grow 8.6 per cent year-on-year to US$ 7.8 billion by 2017-18.
Bharatiya Global Infomedia Limited (BGIL) is one of the top most company providing turn-key based solutions mainly catering to Smart Cities including all major sectors or industries viz. Road & Transportation, Infra & Building, Health & Medical, Defense, Security & Surveillance etc. Bharatiya Global Infomedia Limited (BGIL), owns 18 registered IPR (Intellectual Property
Rights) & have successfully delivered/implemented more than 370 projects till date, a leading company in following segments:
|SMART CITY TRAFFIC SOLUTIONS||SMART ENTERPRISE SOLUTIONS|
|Parking Management System (PMS)||Smart Campus|
|Parking Guidance System (PGS)||Visitor Management System|
|Toll Management System||Canteen Management System|
|Automatic Number Plate Recognition System||Asset Tracking System|
|Under Vehicle Surveillance System||Laptop Tracking System|
|Ticket Dispensing System||File Tracking System|
|Automatic Payment Station (APS)||Lighting Management System|
|Fleet Management System||Event Management System|
|City Bus Surveillance system||Employee Tracking System|
|CCTV & Auto Surveillance||Time-Attendance System|
|Boom Barrier, Access Control||Library Automation & Management System|
|Pedestrian Access Control System||Student Information System|
|Perimeter Fencing etc.||Smart School Management System|
|No Parking based e- Parking system||Pilgrimage Management System|
|E-Challans system||Smart Home Automation|
|Ticketing Kiosks||Hospital Management System|
R & D / New Products / Solutions
With a list of 46 products range BGIL is a true Product based company having 19 IPRs (probably only company in India) into Applications related to automation of Security, Surveillance & Safety, Communication (Mobile Applications).
BGIL has a top ranking clientele which includes Fortune 500 companies, having successfully delivered more than 370 projects till date including few first one of its kind projects in India. During the period BGIls experienced team have successfully developed a complete products started last year namely Automatic Parking Ticket Dispenser, Parking Exit Verifier and Kiosk based Smart Card Dispenser, Smart Card Drop-Box and Access Control System which offers import substitute and has a good marketable aspects. Also the company upgraded its existing version of Automated Payment Station (APS) with unique features like acceptance of Debit/Credit Card along with cash payment option(s), can be integrated with central server control system Further, the company will continue to expand its product/solution portfolio and consolidate/ strengthen their existing products so as to meet changing requirements of the clients and upgrading technologies.
Focused Industrial Segments and completed Projects:
Company has been continuously building up its strong presence by enhancing relationship with leading Global System Integrators and corporate etc. Till beginning of the year we had successfully executed projects of high prestige like BHARTI AXA LIFE INSURANCE, DHFL Pramerica Life Insurance, IFFCO-TOKYO, Price Water House (PWC)-Pan India, Airtel-New Delhi, Alight-Noida MSKJV, Honeywell, Adobe- NOIDA & Bangalore, Reliance, Chandigarh Transport Undertaking (CTU),Peoples Scou, Aurionpro Solutions and also value like new extended projects Viz. Lodha-Capacity-The Park, Infosys, Honeywell Automation, Siemens, Schneider, Hindustan Uni-Lever (Siemens),,DMH,All India Institute of Medical Sciences, Medanta & Fortis Hospitals, AON-Hweitt-Pan India, Resort-Nakhrali-Dhani, Mahagun-Noida etc. The Management continues to look for new technologies and new diversification areas so as to broaden its portfolio of products and also move into higher value adding businesses and new relationships as the Company is also looking beyond current strategies to add on new growing segment like Home Automation, Infra and City Surveillance, Smart Cities concepts and Consultants etc. Besides above, company is also looking for new opportunities created after demonetization specially in the field of e-wallets and net based activities etc.
Approach to marketing and proposed marketing set-up:
As a result of new client acquisitions in various segments year by year we are managing client relationships and business development through targeted interaction with client organization.
We have own marketing office at Noida and Mumbai and representative offices in Eastern & South Region. Our marketing initiatives are constant to increase awareness of our activities. In addition, we have several technology alliances with leading IT vendors which typically involve systems integration and in certain cases joint marketing efforts. The company has got 19 Products IPRs registered till date which are as follows:
|1||BGIL Toll Management Systems|
|2||BGIL Canteen Management System|
|3||BGIL Ticket Dispensing System|
|4||BGIL Tokenless Two Factor Authentication System|
|5||BGIL Asset Tracking System|
|6||BGIL Employee Tracking System|
|7||BGIL Automatic Number Plate Recognition System|
|8||BGIL Parking Management System|
|9||BGIL Smart Campus System|
|10||BGIL Parking Guidance System|
|11||BGIL Laptop Tracking System|
|12||BGIL Intelligent Mast Controller|
|13||BGIL File Tracking System|
|14||BGIL Visitor Management System|
|15||BGIL Food Court Management System|
|16||BGIL Club Management System|
|17||BGIL Student Information System|
|18||BGIL Library Automation & Management System|
|19||BGIL Jewelry Management System|
A. OPPORTUNITIES AND ThREATS:
India continues to reinforce its position as the only country in the world from where one can do anything and everything.. BGIL is cognizant of risks and uncertainties which are managed proactively through risk mitigation processes and strategies. Recently, our company is experiencing a constant delay of realization of receivables from valued clients and non-flexibility of existing system to extend financial facilities though the work and order position/ opportunism in market are huge.
SMART CITY- APPLICABILITY OF INTERNET OF THINGS (IOT) & Artificial Intelligence (AI)
The fast growth in the population density in urban areas demands more facilities and resources. To meet the needs of city development, the use of Internet of Things (IOT) devices and the smart systems is the very quick and valuable source. However, thousands of IoT devices are interconnecting and communicating with each other over the Internet results in generating a huge amount of data, termed as Big Data. To integrate IOT services and processing Big Data in an efficient way aimed at smart city is a challenging task. Therefore, we proposed a system for smart city development based on IoT using artificial Intelligence (AI) & Big Data Analytics.
We use sensors deployment including smart home sensors, vehicular networking, weather and water sensors, smart parking sensor, and surveillance objects, etc.
A. PERFORMANCE AND OUTLOOK:
BGILs reported record consolidated revenue of INR 3146.86 Lakhs during the year 2017-18 as against revenue of Rs. 4033.55 Lakhs for the 2016-17; Net consolidated Profit during the year 2017-18 is Rs 14.63 Lakhs and Total Comprehensive Income for the period is INR 7.16 Lakhs. The consolidated shareholders funds as at March 31, 2018 amount to Rs. 9260.50 Lakhs.
RISK AND MANAGEMENT PERCEPTION
The Company faces general risk inherent in any business including political, legal, geographical, economical, environmental etc. and takes appropriate steps to mitigate them and reduce their impact to the extent possible. The Company has continued its drive towards stringent cost cutting measure and adopted continuous review of its activities.
B. INTERNAL CONTROL SYSTEM:
The Company remains committed to maintain internal control systems and procedures designed to provide reasonable assurance for orderly and efficient conduct of business and security of its assets and for preventing their unauthorized use or disposition and detecting frauds or irregularities, if any. The Company has laid enormous significance to develop internal control systems relating to all aspects of the business and has well-documented Operational
Plans & Policies which are key to any organization for operational efficiency at all levels.
C. INDUSTRIAL RELATION / HUMAN RESOURCE MANAGEMENT
Industrial relations remained cordial and harmonious during the period under review.
D. STATUTORY COMPLIANCE
As the Company is proposing new initiatives, therefore, the management is in the process to comply all statutory requirements of the Companies Act, 2013 and other applicable laws, Rules & Regulations. The company has always strived towards compliance of all statutory requirements.
E. FINANCIAL MANAGEMENT
The management has new vision & style relating to financial aspect & managing funds. Therefore, the management is making plan to control & enhance the business, financial strength of the Company. The Company has a financial management information system in place, which involves preparation of a detailed business plan for the current year & next year.