Ltd., Singapore - Omnitech (Singapore) Holding Pte Ltd, Singapore The Company has the following 4 step down subsidiaries as on 31st March, 2014. USA - Europe Omnitech Technology Services B.V., Netherlands - Omnitech Services Pte. SUBSIDIARY COMPANIES The Company has the following 4 subsidiaries as on 31st March, 2014. FIXED DEPOSITS Your company accepted deposits from the public during the year. DIVIDEND Your Board of Directors recommends no dividend for the year 2013-14. Financing Cost: The Finance Cost has increased by Rs 445.45 lacs as compared to the previous year, which is mainly due to raising of additional working capital facility. Your company hopes to have the CDR implemented during the year 2014-15. Your Company htis been able to make an agreement with its lending banks to restructure its borrowings through Corporate Debt Restructuring Mechanism (CDR) in such a way, which is needed to restore the normalcy in business and come out of this challenging phase. Last year has been very challenging for Your Company, due to economic slowdown, global uncertainty, competition and rising interest costs and also due to our subsidtaries in Europe and Asia facing the similar challenges. 14648.12 lacs as compared to a Net Profit after tax of Rs. The Net Loss after tax for the year was Rs. 44938.90 iacs in the previous year thereby recording an decrease of 57.42%. Operating Results During the Year, your Company achieved income from Operations amounting to Rs.19131.15 iacs as compared to Rs. In lacs) PARTICULARS 2013-14 2012-13 Income from Operations 19131.15 44938.80 Profit before Interest, Depreciation and Tax (PBIDT) - 11547.94 Interest including finance expenses 3103.50 2658.04 Depreciation 6244.34 5329.22 Profit before Tax (PBT) -13587.02 3560.68 Provision for Taxation including FBT & Deferred Tax 1061.10 1691.02 Profit after Tax (PAT) -14648.12 1869.66 Balance brought forward from previous year 20813.07 19301.77 Transfer back of amount appropriated for Dividend and Dividend 263.36 - Tax Amount Available for Appropriation 6428.31 21171.43 Appropriations: Proposed Dividend - 225.03 Dividend Tax - 38.33 General Reserve - 95.00 Balance Carried Forward to Balance Sheet 6428.31 19301.78 II. FINANCIAL HIGHLIGHTS: The Performance of the Company for the financial year ended Mais summarised below: Rs. The Members of Omnitech InfoSolutions Limited The Directors have pleasure in presenting the 24th Annual Report together with the audited accounts of the company for the year ended 3lst March 2014.