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Intense Technologies Ltd.

BSE: 532326 | NSE: INTENTECH |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE781A01025 | SECTOR: Computers - Software Medium & Small

BSE Live

Oct 20, 16:00
68.75 -2.25 (-3.17%)
Volume
AVERAGE VOLUME
5-Day
10,109
10-Day
16,517
30-Day
11,022
17,858
  • Prev. Close

    71.00

  • Open Price

    75.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 20, 15:41
68.80 -2.00 (-2.82%)
Volume
AVERAGE VOLUME
5-Day
81,632
10-Day
109,561
30-Day
70,416
81,050
  • Prev. Close

    70.80

  • Open Price

    71.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    68.80 (968)

Annual Report

For Year :
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Director’s Report

The Directors have pleasure in presenting the Seventeenth Annual Report on the Business and Operations of the Company and the Audited Statement of Accounts for the year ended 31st March 2007: Financial Highlights: (Rs.in lakhs) Current Previous Year Year 2006-07 2005-06 Gross Revenue 449.40 586.96 Total Expenditure 822.95 476.32 Financial Expenses 6.68 33.74 Operating Profit/(Loss) (380.22) 76.90 Review of Operations: During the year your Company registered gross income of Rs. 449.40 lakhs (previous year 586.95 lakhs). During the year, the company recorded an operating loss of Rs. 380.22 as against an operating profit of Rs. 76.90 lakhs last year. While the revenues betray the hectic sales effort of the past year, a lot of new business is on the verge of conclusion in the forthcoming months. BSNL is in the process of concluding one of the worlds largest telecom infrastructure tenders that it had floated - all the Systems Integrators bidding for the tender have quoted ReportSuite in their respective bids. Similarly, requirements for ReportSuite are also being keenly negotiated with other private telecom service providers. On the product development front. Version 6.0 of ReportSuite was released and this represents a major landmark in ReportSuites evolution as it now gives the application true multi-processing and platform-independent capability. This version opens new market segments for ReportSuite and enables it to be deployed across diverse technology platforms across large organizations too. The past year also saw the release of version 5.0 of our web-based Document Management Software - WebBIZ. WebBIZ is now available as a thin-client version - capable of being installed on web browsers and has already found immediate acceptance in the market. We now have clients like Pantaloons, Indiareit - a Nicholas Piramal venture. Saint Gobain and BPL Mobiles. With the document management market in an advanced stage of maturity, we have immense hope for WebBIZ contributing substantially to the forthcoming years revenue. During the year we also had our maiden success in the Insurance vertical for ReportSuite with client acquisitions like Bajaj Allianz and ICICI Prudential Life. In the forthcoming period we will, strive to replicate these maiden successes with the rest of the major players in the Insurance industry. The year also saw further consolidation of ReportSuite in the telecommunications industry. ReportSuite was chosen by Lifetree Billing to complement their billing suite at Irancel, Irans newest GSM provider and by UshaComm, for implementation at Ethiopia Telecommunications Corporation. With the latest versions of both ReportSuite and WebBIZ having been released, we have been investing a lot of resources into sales and marketing, which, is bound to reap results in the forthcoming quarters. Marketing and Distribution: The focus till now has been on establishing a strong customer base in India through direct channels and also by establishing partnerships with equipment vendors. Leading System Integrators are recognizing the value of our products and we have forged partnerships with some of them to promote our solutions. During the last six months, we have considerably increased our direct sales force in the top cities in India and also a few overseas markets to promote all our products. After establishing our credentials in the domestic market and with reference able clients in the overseas markets, we are looking at partnerships that can help us to reach the global telecom market. While there will be substantial Sales and Marketing focus for ReportSuite in the global telecom markets, this year we will also consolidate our position for ReportSuite in the domestic BFSI sector with a view to add references and gain domain inputs for this sector to replicate the same globally. Similarly, WebBIZ will see substantial sales effort for the domestic markets this year. For our volume business product range - eDoc, eTaxFile and scanning services, we will follow the re-seller model through an extensive in-direct channel network. Dividend: The Company could not recommend any dividend for the year under review. Increase in Share Capital and utilization of Proceeds of Preferential Issue: During the year 2006-07 the Company raised Rs. 129.96 lakhs by allotment of 7,60,000 Equity shares of Rs. 10/- each at a price of Rs. 19/- on conversion of 7,60,000 equity warrants issued in May, 2005. . The proceeds of the preferential issue were utilized as follows: (Rs in lakhs) 2005-06 2006-07 Total Funde raised 1020.00 129.96 1149.96 Funds utilized Capital Expenditjure 66.16 63.21 129.37 Revenue Expenditure 98.28 220.77 319.05 Closure of TL - 388.54 388.54 Total Utilized 164.44 672.52 836.96 Urvutilized - (Bank Deposits) 313.00 Directors: Mr. Tikam Sujan, Mr.J.A.Rao and Mr. Jagannadha Chidella, Directors of the company, retire by rotation in the ensuing Annual General Meeting and being eligible offer themselves for re- appointment. Mrs. Uma Maheshwari, Director, resigned during the year due to her pre- occupation. The Directors place on record appreciation for the services rendered by her during her tenure. The Remuneration of Mr.CK Shastri, Managing Director and Mr. Jayant Dwarakanath. Wholetime Director is proposed to be changed and is placed before the shareholders for approval in this AGM. Deposits: The Company has not accepted any public deposits during the year under review. Insurance & Risk Management: All the properties of your Company have been adequately insured. The Company from time to time has been conducting exercises on Risk Management and minimization procedures. This has been need based and being done by internal Management. Auditors: M/s. Srinivas P. & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the ensuing Annual General Meeting and are eligible for re-appointment. They have confirmed their eligibility and willingness to accept office, if reappointed. Energy, Technology and Foreign Exchange: Additional information in terms of Section 217 (1)(e) of the Companies Act, 1956, is annexed hereto (Annexure-l). Particulars of Employees: None of the employees were in receipt of remuneration in excess of limits specified in Section 217(2A) of the Companies Act, 1956 read with the Companies. (Particulars of Employees) Rules, 1975. Employees Stock Option Plan 2005: During the year under review your company has granted stock options to the employees of the company pursuant to the scheme approved by the shareholders in their Extraordinary General meeting held on 2nd May 2005 As required by Clause 12 of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines 1999, the disclosures of the Stock Option Plan 2005 of the company are as given in Annexure -II Management Discussion & Analysis: Pursuant to the provisions of Clause 49 of the Listing Agreement, a report on Management Discussion & Analysis is set out as Annexure- III to this report. Directors Responsibility Statement: Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors confirm the following that: (i). In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures. (ii). The Directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of your company for that period. (iii). The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities. (iv). The Directors have prepared the annual accounts on a going concern basis. Corporate Governance: A report on Corporate Governance including Auditor Certificate thereon as per Clause 49 of the Listing Agreement is enclosed and forming part of this Annual Report. Stock Exchange Listing: The Equity Shares of the Company are listed on the Stock Exchanges at Hyderabad, Mumbai and Kolkata. The Company confirms that it has paid Annual Listing Fees due to all the above Stock Exchanges for the year 2006-2007. Acknowledgments: Your Directors convey their sincere thanks to State Bank of Hyderabad, HDFC Bank Ltd, and Software Technology Parks and shareholders for their continued support of your companys growth. Your Directors place on record their appreciation of the contribution made by the employees at all levels and looks forward to their continued support. For and on behalf of the Board Place: Secunderabad C.K. Shastri Date: 29th June, 2007 Chairman and Managing Director

Director’s Report