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[Music] friends welcome to the third video on learn stock market from scratch series by the wall street school now in the previous video we have understood about the financial statements the income statement the cash flows and the balance sheet and you would have realized that everything is a number [Music] but if you want to understand the company it is just not about number that is half cooked you want to understand that in greater detail and in a more granular manner we have to understand the company from the qualitative side and the quantitative side the quantitative side has been taken care by the financial statements the qualitative side is taken care by the annual reports which is supposedly the bible you might not have understood some of the terms above but not to worry well cover them in this video now what can be infer from the anvil reports the usb of the product the industry in which the company is operating whether the company has a deopolistic or a monopolistic position