equity market project india ltd Management discussions


EQUITY MARKET PROJECT INDIA LIMITED ANNUAL REPORT 2004-2005 MANAGEMENT DISCUSSION AND ANALYSIS Operations: During the year the Company has been able to recover the Rs.20,00,000/- advance paid to M/s Reuters India Ltd and M/s Ritechoice Technologies Pvt Ltd. A memorandum of settlement leas been executed, and all claims / counterclaims stand withdrawn. Outlook: In view of the recovery of the monies advanced and the changed circumstances due to which your company no longer has the early adopter advantage, it is advised that the company be wound up. This would allow, the Shareholders of the Company to realize value from their investments.