1995
MATHEW EASOW RESEARCH SECURITIES LIMITED
CHAIRMAN'S REPORT
Ladies & Gentlemen
May I extend to all of you a hearty welcome at the First Annual General
Meeting of our Company. The meeting is being held after the thumping
success of our public issue which was oversubscribed more than 42 times
though the issue was launched at a time when the markets were bearish.
During 94-95 your Company created a name for itself in the steel sector by
leasing out Plant and Machinery to small and medium units in this segment.
The Leasing and Hire Purchase Industry has of late been witnessing intense
competition and therefore the Company thought it fit to creat a niche area
for itself in a hitherto untapped segment.
Inspite of adverse market conditions the Securities Trading Division did
well. thanks to the excellent support provided by the Research team. In the
days to come there will be tremendous competition in the Financial Services
Industry and it will only be Companies like yours, who have a presence in
research, which will not only survive but also achieve tremendous growth.
The current year's performance (1995-96) is expected to surpass the
projections made in the prospectus, thanks to the excellent working of the
Research and Solftware Divisions as well as the Securities Trading
Division.
To further increase the profits the Company proposes to diversify into
Software and Import activities.
In conclusion it will be prudent to mention that I along with my Fellow
Board Members are confident that in the years to come your Company will
emerge as one of the strongest players in the Software and Financial
Services Industry, thanks to the niche areas which we have created for
ourselves.
Mathew Easow
(Chairman Cum Managing Director)
Place : Calcutta
Dated : 9th August, 1995.