namtech electronic devices ltd Management discussions

Management Discussion And Analysis

Annexure " B " to the Directors Report

(a) Industry Structure and developments

The Company was incorporated as Namtec Tai Electronics Pvt Ltd on 9.10.84 which was later changed to Nametech Electronic Devices Pvt Ltd. The Company became Public Limited in 1991.

The Company was manufacturing i) Gas Discharge Tubes ii) Light Emitting Diodes iii) Light Emitting Diodes display and iv) Elelctronic Energy Meters During the year under review, in view of disposal of companys factory land, buildings, plant & machinary the companys performance have been severely affected.

OPPORTUNITIES AND THREATS

a) Opportunities

With the sale of Factory Land, Buildings and Plant and Machinery, there is no scope for business fortunes in the near future.

b) DISCUSSION OF FINANCIAL PERFORMANCE:

During the year under review the company inspite of sale of Assets, the funds were not sufficient to pay of liabilities and revive the financial performance.

(c) Segmentwise or productwise performance:

Table below shows productwise performance.

SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED PURSUANT TO ACCOUNTING STANDARD - 17

1. Segment Revenue (Sales from Each Segment and Service)
a. Elelctronic Components	Nil
b. Digital Electronic Energy Meters	Nil
Total	Nil
2. Segment Results (profit (+) Loss(-) before tax and interest from each segment
a. Electronic Components	Nil
b. Digital Electronic Energy Meters	Nil
Total	Nil
Less: i. Interest	Nil
ii. Other unallocable expenditure net off unallocable income	Nil
Loss Before Tax	Nil
3. Capital Employed
(Segment assets less Segment Liabilities)
a. Electronic Components	Nil
b. Digital Electronic Energy Meters	Nil
c. Unallocable capital Employed	Nil
Total	Nil

(d) Outlook

With the sale of Factory Land, Buildings and Plant and Machinery, there is no scope for business fortunes in the near future.

(e) Risks and Concerns

During the year under review, in view of disposal of companys factory land, buildings, plant & machinery the companys performance have been severely affected. Hence the risks and concerns are not relevant.

(f) Internal Control System and their Adequacy

Your Company has a proper and adequate system of internal controls the implementation of which is constantly reviewed by audit committee of the Board.

(g) Discussion on financial performance with respect to operational performance

During the year, your company has complied with the new Accounting Standards, which are applicable and specified under Section 211 (3) (c) of the Companies Act, 1956.

(h) Material developments in Human Resources / Industrial Relationship front / Number of people employed.

Due to working capital constraints and dificulties in meeting cost on work force, employees have left the service.