sms techsoft india ltd share price Management discussions

1. Overall Review:

The overall performance during the financial year 2013-14 has not been satisfactory.

2. Financial Review:

Total turnover for the year ended 31st March, 2014 was Rs. 20 lakhs. This decrease was mainly on account of losses incurred in manufacturing process and sales which was happened because of crisis in the economy. The company will work upon the same to get a reasonable level of growth in the imminent years.

3. Internal Control System and their adequacy:

Considering the size of the company, your company has adequate system of internal control to provide reasonable assurance that assets are safeguarded and protected from unauthorized use or deposition.

4. Business Environment:

The Performance of the company for the year under review was satisfactory.

5. Risk and Concern:

The building, plant and machinery, vehicle and stocks of the company are adequately insured.

6. Cautionary Statement:

Statements in this report on management Discussion and analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially from those expressed or implied. Important factors that could make a different to the Companys operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations. The Company assumes no responsibilities in respect of forward looking statements which may be amended or modified in future on the basis of subsequent developments, information of event;

	BY ORDER OF THE BOARD OF DIRECTORS
Place: Coimbatore	For, SMS TECHSOFT (INDIA) LIMITED
Date: 18/07/2004	(Formerly Known as AKL SOFT & INFOSYS (INDIA) LTD)

Chairnjan

(Mr. V. Jagadish)

(DIN: 02112261)