EPSOM PROPERTIES LIMITED
ANNUAL REPORT 2011-2012
MANAGEMENT DISCUSSION AND ANALYSIS
The total income for the financial year ending on 31/03/2012 stands
Rs.10.27 lakhs as against Rs.6.14 lakhs for the financial year ending on
31/03/2011 thereby recording an increase of 67.26% over the previous
financial year; that the total expenditure has declined from Rs. 20.11
lakhs for the financial year ending on 31/03/2011 to Rs. 15.29 lakhs for
the financial year ending on 31/03/2012 thereby registering a decrease of
23.97% over the previous financial year and that the net loss of the
Company has come down to Rs. 5.03 lakhs for the financial year ending on
31/03/2012 from Rs. 13.97 lakhs in the previous financial year ending on
31/03/2011 thereby registering a decrease of 63.99% over the previous
The Outlook for the Company looks bright.
3. Deployment of proceeds of preferential issue:-
The Company has kept the funds received from the promoters through
preferential issue in fixed deposit with the IDBI Bank Limited and would be
deployed solely for long term and short tam working capital requirements.
4. Opportunities, challenges, risks and concerns:
The Company is in the process of strengthening the risk management
framework and taking cost control and cost reduction measures to mitigate
any adverse impact on the operations.
Hardening of interest rates, fixed competition, fluctuating foreign
currency are challenges thrown open to the industry.
Nevertheless, the Directors are confident of converting the challenges into
opportunities with the experience gained over a period of time.
Unfavourable factors such as economic slow down, inflationary pressure and
spiraling of input cost and other external factors can affect the
productivity of the Company.
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