WATSON SOFTWARE LIMITED
ANNUAL REPORT 2006-2007
MANAGEMENT DISCUSSION AND ANALYSIS:
The year under review was one of the difficult years of the company. The
company is looking for profitable ventures as its main area of functioning
release paper, label stock and bopp tape.
CURRENT YEAR PREVIOUS YEAR
PAT (38000) (16046)
EBID (38000) (16046)
PROFIT/LOSS AFTER 0 0
EPS (0.00) (0.00)
INDUSTRY STRUCTURE AND DEVELOPMENT:
The economy is passing through a recessionary phase. The whole industry
suffered and number of companies reported huge losses. This is mainly
because of changes in technology, which has rendered old equipments out of
market. Your directors are working on a plan to add new and latest
equipments to successfully compete in the market.
OPPORTUNITIES AND THREATS:
Growth in the paper industry is a foregone conclusion. Due to various
developments in the Indian economy, as Asia is the fastest growing region
in the world for the paper sector. Besides, the company is making efforts
in making inroads in the software sector. The same is likely to be
crystallized in near future.
FUTURE BUSINESS OUTLOOK:
In this information age the knowledge is power. Timely and accurate
information is sought by a number of companies. A large number of companies
are looking for diversification plans as their existing activities are no
more profitable. The company plans to venture into such activities which
may the fill up the demand and supply gap in the software sector.
INTERNAL CONTROL SYSTEMS:
The level of activities of the company at present is quite low, Keeping in
view the scale of operation, size of the company, the company has adequate
internal control procedure commensurate with the nature of its business and
size of its operations.
RISKS AND CONCERNS:
The business of the company largely depends on the improvement of
government policies, investment decisions, inflation, and timely payments
by the customers. The company will endeavour its best to capitalize on its
strengths and improve upon its weak areas.
HUMAN RESOURCES DEVELOPMENT:
Rather than recruiting permanent employees, the company will prefer to out
source various services based on assignments in hands. This will minimize
the risk and keep the overheads at reasonable level.
FOR AND ON BEHALF OF THE BOARD
Mrs. Neela S. Mody
Date : 11.07.2007
Start investing in Equities, Derivatives, Mutual Funds and Currency
Temporary Password will be sent to your Mobile No. / Email Address to reset your password.
Make smart financial decisions
Trusted by more than 25 Lakhs Indians
Research and Stocks
Strategy and Tools
StockReports+ will be available soon.
Terms & Conditions
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in National Do Not Call Registry as laid down by Telecom Regulatory Authority of India will not be applicable for such information/ communication.