LETTER FROM MANAGING DIRECTOR
I am pleased to present the progress of your Company. We have consolidated and
strengthened our position in the global IT Software Industry. Global economic recovery has
been slow in 2012-13 and has posed serious challenges to organizations in their technology
investment plans. We have recorded revenue from operations at Rs 22.16 Crores on
standalone basis, however at net level there is a loss of Rs 7.84 Crores due to provisions
made towards disinvestment in step-down subsidiary in Thailand. On consolidated basis
Company has achieved operational revenue of Rs 62.02 Crores. There has been reduction in
operational expenses, however due to decrease in operational revenue has company booked
loss of Rs 0.72 Crores .
Your Companys ability to deliver growth and sustain business momentum is
attributable to its ability to remain relevant to its customers and balanced end to
end services to its clients.
In Financial Year 2013-14 we shall strive to focus on customer centricity, building
critical mass on our global delivery center, work closely with the customer to leverage
international delivery centers for efficient solution delivery and to look at innovative
ways for building domain expertise in our engagement with our customers.
We, at Prism are looking forward to the future with anticipation and optimism so as to
bring out the best within us. On behalf of the entire Company and its leadership team I
want to thank each shareholder for their support and co-operations to Company.