HERE'S WISHING YOU A SPARKLING
NEW YEAR
FOR SOMEONE AS WONDERFUL AS YOU ARE
MAY YOU GLOW
IN LOVE, PEACE AND FULFILLED DREAMS
SAHADEVA RAJU ALLURI
Monday, December 31, 2007
TOP PERFORMERS FOR 2008
1. KLG Systel Ltd
2.Amara Raja Batteries Ltd
3.Sarda Energy & Minerals Ltd
4.Radha Madhav Corporation Ltd
5.Accel Frontline Ltd
6.Flat Products Equipments (India) Ltd
7. Action Construction Equipments Ltd
8.Solar Explosives Ltd
9.Seshasayee Paper & Boards Ltd
10. Revathi Equipment Ltd
11. Oriental Bank of Commerce
JUST BUY THESE SCRIPS U WILL BE A STAR PERFORMER
HAPPY NEW YEAR
....SAHADEVA RAJU....
2.Amara Raja Batteries Ltd
3.Sarda Energy & Minerals Ltd
4.Radha Madhav Corporation Ltd
5.Accel Frontline Ltd
6.Flat Products Equipments (India) Ltd
7. Action Construction Equipments Ltd
8.Solar Explosives Ltd
9.Seshasayee Paper & Boards Ltd
10. Revathi Equipment Ltd
11. Oriental Bank of Commerce
JUST BUY THESE SCRIPS U WILL BE A STAR PERFORMER
HAPPY NEW YEAR
....SAHADEVA RAJU....
Saturday, December 29, 2007
RTS Power Corporation Ltd. BUY
RTS Power Corporation Ltd. is the flagship company of Bhutoria group with a track record of almost 60 years and the current annual turnover in excess of Rs. 1 billion.The company had come out with its maiden Public issue in August 1995.
The Company is one of the leading manufacturers of Power and Distribution Transformers ranging from 10KVA to 10MVA 11/33/66 KV Class and Extra High Voltage Power Transformers up to 40 MVA 132 KVA class.
The Company has set-up a cable manufacturing plant at Jaipur that commenced commercial production in March, 2007.
The company has planned Modernization and Expansion of Transformer and Cables Div. at a total cost of Rs. 65 crores.
the Company has started production of Single Phase Transformers to meet the growing demand under Rajiv Gandhi Grameen Vidhyutikaran Yojana (RGGVY).
Further, the Company has bagged new orders worth Rs 12.69 crores for the supply of Transformers to be used in Turnkey Projects and to be installed by Jharkhand State Electricity Board under RGGVY.
the Company has completed the Expansion of its Cable and Conductor Plant at Jaipur. Side by side, the Company has also participated in various tendering processes in the last few days and has bagged trial orders for supply of 600 kms of Cables & Conductors from various State Electricity Boards.
Moreover, it has acquired land for expansion of its Salkia Unit to manufacture Transformers upto 20MVA and to cater all types of Transformers of 66 KV Class. The Company also plans to add facilities to Cater the requirements of 220 KV Class Transformers.
the Company has bagged new Orders worth Rs 526.76 Million for the supply of 4735 Transformers and 1621.6 km Cables from a number of turnkey Projects and other Private Sector players and SEBs.
The Company has bagged Orders worth about Rs 240 million from Kalpataru Power Transmission for the supply of Transformers. Apart from this, the Company has bagged Orders from Sterling & Wilson, Nagarjuna Construction, Ramky Infrastructure and Associated Transrail Infrastructure Ltd. However, the total Orders in hand at present stands at Rs 1244.86 Million.
To expand new business dimensions, the Company has successfully been able to rope in leading private players in the field of T & D namely Kalpataru Power, Nagarjuna Construction, Bajaj Electricals, Emco, Genus Infra, Subhash Projects, Associated Transrail, Jyoti Structures, Indo Power, Sterling & Wilson, Angelique International, K B Const, Samad Engg (Dhaka), etc.
Recently the Company had started production of Single Phase Transformers to meet the growing demand under Rajiv Gandhi Grameen Vidhhyutikaran Yojana (RGGVY).
It has completed first phase of its expansion plan, including installation of its cable and conductor plant at Jaipur. Further, the Company has acquired land for expansion at its Salkia Unit to manufacture Transformers upto 25MVA, 66KV class Transformers. The Company plans to add new facilities to cater to the requirements of 220 KV class.
buy for target of 450 with in 4 months
The Company is one of the leading manufacturers of Power and Distribution Transformers ranging from 10KVA to 10MVA 11/33/66 KV Class and Extra High Voltage Power Transformers up to 40 MVA 132 KVA class.
The Company has set-up a cable manufacturing plant at Jaipur that commenced commercial production in March, 2007.
The company has planned Modernization and Expansion of Transformer and Cables Div. at a total cost of Rs. 65 crores.
the Company has started production of Single Phase Transformers to meet the growing demand under Rajiv Gandhi Grameen Vidhyutikaran Yojana (RGGVY).
Further, the Company has bagged new orders worth Rs 12.69 crores for the supply of Transformers to be used in Turnkey Projects and to be installed by Jharkhand State Electricity Board under RGGVY.
the Company has completed the Expansion of its Cable and Conductor Plant at Jaipur. Side by side, the Company has also participated in various tendering processes in the last few days and has bagged trial orders for supply of 600 kms of Cables & Conductors from various State Electricity Boards.
Moreover, it has acquired land for expansion of its Salkia Unit to manufacture Transformers upto 20MVA and to cater all types of Transformers of 66 KV Class. The Company also plans to add facilities to Cater the requirements of 220 KV Class Transformers.
the Company has bagged new Orders worth Rs 526.76 Million for the supply of 4735 Transformers and 1621.6 km Cables from a number of turnkey Projects and other Private Sector players and SEBs.
The Company has bagged Orders worth about Rs 240 million from Kalpataru Power Transmission for the supply of Transformers. Apart from this, the Company has bagged Orders from Sterling & Wilson, Nagarjuna Construction, Ramky Infrastructure and Associated Transrail Infrastructure Ltd. However, the total Orders in hand at present stands at Rs 1244.86 Million.
To expand new business dimensions, the Company has successfully been able to rope in leading private players in the field of T & D namely Kalpataru Power, Nagarjuna Construction, Bajaj Electricals, Emco, Genus Infra, Subhash Projects, Associated Transrail, Jyoti Structures, Indo Power, Sterling & Wilson, Angelique International, K B Const, Samad Engg (Dhaka), etc.
Recently the Company had started production of Single Phase Transformers to meet the growing demand under Rajiv Gandhi Grameen Vidhhyutikaran Yojana (RGGVY).
It has completed first phase of its expansion plan, including installation of its cable and conductor plant at Jaipur. Further, the Company has acquired land for expansion at its Salkia Unit to manufacture Transformers upto 25MVA, 66KV class Transformers. The Company plans to add new facilities to cater to the requirements of 220 KV class.
buy for target of 450 with in 4 months
Wednesday, December 26, 2007
Tulip IT Services BUY
Tulip IT Services Limited is a data communication services provider. The company’s product port folio includes network integration, which includes designing and developing networks for its clients; wireless, which provides a range of point to point and point to multi-point wireless applications; networking, which is engaged in designing and implementing local and wide area networks; services, which is engaged in providing facility management, network management and security services to Indian corporate, and rural connectivity, which provides Internet/data connectivity in rural areas.
a leading data telecom provider in India, has been identified as the leader in the Indian MPLS/IP VPN Services market according to a report compiled by global growth consulting company, Frost & Sullivan. According to the report’s findings, Tulip IT Services has a market share of 28 percent in the Indian MPLS/IP VPN Market. Tulip IT Services has demonstrated a staggering growth of approximately 290 percent in the category, which is the fastest across the industry.
This report was compiled after an extensive analysis of service providers’ revenues and market share within the industry. The analysis is based on interviews with all market participants and extensive secondary research of proprietary data sources. The findings are based on other parameters like market share; revenue growth strategy; profitability and technology innovation to arrive at the overall leadership positions. Based on the report’s findings, Tulip has been awarded the prestigious Frost & Sullivan Market Leadership Award 2006-07 for MPLS/IP VPN Services. The award also acknowledges Tulip’s business innovation, technology capabilities and reach.
On receiving the award, Lt. Col H S Bedi, VSM, CMD, Tulip IT Services Ltd said, “We are delighted to be awarded the Frost & Sullivan Market Leadership Award for MPLS/IP VPN Services as it reinforces our belief in the innovative use of technology for deployment of Enterprise Data Networks. Our continued focus on innovation and customer delight are the cornerstones of our success and that is reflected in the high growth that Tulip is seeing across all categories including MPLS-VPN services. As a company, we will continue to strive towards replicating this success across domains.”
Dr. T .R Madan Mohan, Director (Consulting), ICT Practice, Frost & Sullivan South Asia and Middle East said, "The momentum in MPLS/IP VPN adoption is stronger than ever. It is commendable how Tulip IT Services, being the newest entrant in the Indian telecom market, has become the largest player in India."
Frost & Sullivan recognizes outstanding industry achievements by presenting the Frost & Sullivan Awards to leading companies in regional and global markets. These prestigious awards are recognized worldwide by the media, the investment community and end-user markets. Using interviews with all market participants and extensive secondary research of proprietary data, Frost & Sullivan analysts track competitor revenue and market share of industry verticals. Competitors are then compared and ranked.
The Frost & Sullivan report indicates that the IP/MPLS VPN market reached a total value of INR 1,127 Crore in 2006, exhibiting an increase of 42.2 percent over 2005. With an expected growth rate of 28.2 percent in the current year, this market is poised to reach INR 3,343 Crore by 2013, exhibiting a CAGR of 16.8 percent over the forecast period. The report further expects the Enterprise Data Services market to grow from INR 5,255.8 Crore in 2006 to INR 13,393.1 Crore in 2013, which equates to a CAGR of 14.3 percent over this period.
Tulip has set up India’s largest VPN network and provides enterprises with connectivity in over 1000 cities across India on both fiber and wireless. The company has further fortified its leadership position in the Enterprise Data connectivity market in India. Tulip is the only service provider in India that provides enterprises with end-to-end connectivity solutions including connectivity, data centers, network integration and managed services.
Tulip IT Services Ltd on July 09, 2007 has announced that it has been awarded the ILD (International Long Distance) license by the Department of Telecom (DoT) of the Government of India.
This license will allow the Company to address the needs of its customers for international Voice, Video and Data connectivity. The Company foresees the ILD license as a large business opportunity that will enable it to provide high-end services in the burgeoning VPN (Virtual Private Network) bandwidth market. As per industry estimates, the international connectivity market is expected to double from over Rs 1800 Crores in 2006 to over Rs 3600 Crores in 2012.
The ILD license will allow Tulip to offer a wide array of network carriage services for international connectivity to customers from an integrated platform and to provide International leased circuits to subscribers. This will further strengthen Company's position as an end to end solution provider.
Speaking on this occasion Lt Col H.S Bedi, Managing Director, of the Company stated, "It is a momentous occasion for Tulip and the Company has come a long way since its inception. This license opens a host of business opportunities for the Company and Tulip is appropriately positioned to leverage these opportunities." He further added "We have a strong footprint in the domestic market with our reach in over 800 cities. The award of this license will further enforce our commitment to being an end-to-end connectivity solutions provider that provides customers with a single point of contact for all connectivity and integration requirements."
With the addition of international connectivity to its portfolio, the Company has become a unique service provider that provides customers with a one-stop-shop for all connectivity needs including Network Integration, Domestic Connectivity, Managed Network Services, Data Centers and International connectivity.
EXPECTING 65-70 EPS FOR FULL YEAR AND PRICE TARGET OF 1700 WITH IN SIX MONTHS JUST BUY
a leading data telecom provider in India, has been identified as the leader in the Indian MPLS/IP VPN Services market according to a report compiled by global growth consulting company, Frost & Sullivan. According to the report’s findings, Tulip IT Services has a market share of 28 percent in the Indian MPLS/IP VPN Market. Tulip IT Services has demonstrated a staggering growth of approximately 290 percent in the category, which is the fastest across the industry.
This report was compiled after an extensive analysis of service providers’ revenues and market share within the industry. The analysis is based on interviews with all market participants and extensive secondary research of proprietary data sources. The findings are based on other parameters like market share; revenue growth strategy; profitability and technology innovation to arrive at the overall leadership positions. Based on the report’s findings, Tulip has been awarded the prestigious Frost & Sullivan Market Leadership Award 2006-07 for MPLS/IP VPN Services. The award also acknowledges Tulip’s business innovation, technology capabilities and reach.
On receiving the award, Lt. Col H S Bedi, VSM, CMD, Tulip IT Services Ltd said, “We are delighted to be awarded the Frost & Sullivan Market Leadership Award for MPLS/IP VPN Services as it reinforces our belief in the innovative use of technology for deployment of Enterprise Data Networks. Our continued focus on innovation and customer delight are the cornerstones of our success and that is reflected in the high growth that Tulip is seeing across all categories including MPLS-VPN services. As a company, we will continue to strive towards replicating this success across domains.”
Dr. T .R Madan Mohan, Director (Consulting), ICT Practice, Frost & Sullivan South Asia and Middle East said, "The momentum in MPLS/IP VPN adoption is stronger than ever. It is commendable how Tulip IT Services, being the newest entrant in the Indian telecom market, has become the largest player in India."
Frost & Sullivan recognizes outstanding industry achievements by presenting the Frost & Sullivan Awards to leading companies in regional and global markets. These prestigious awards are recognized worldwide by the media, the investment community and end-user markets. Using interviews with all market participants and extensive secondary research of proprietary data, Frost & Sullivan analysts track competitor revenue and market share of industry verticals. Competitors are then compared and ranked.
The Frost & Sullivan report indicates that the IP/MPLS VPN market reached a total value of INR 1,127 Crore in 2006, exhibiting an increase of 42.2 percent over 2005. With an expected growth rate of 28.2 percent in the current year, this market is poised to reach INR 3,343 Crore by 2013, exhibiting a CAGR of 16.8 percent over the forecast period. The report further expects the Enterprise Data Services market to grow from INR 5,255.8 Crore in 2006 to INR 13,393.1 Crore in 2013, which equates to a CAGR of 14.3 percent over this period.
Tulip has set up India’s largest VPN network and provides enterprises with connectivity in over 1000 cities across India on both fiber and wireless. The company has further fortified its leadership position in the Enterprise Data connectivity market in India. Tulip is the only service provider in India that provides enterprises with end-to-end connectivity solutions including connectivity, data centers, network integration and managed services.
Tulip IT Services Ltd on July 09, 2007 has announced that it has been awarded the ILD (International Long Distance) license by the Department of Telecom (DoT) of the Government of India.
This license will allow the Company to address the needs of its customers for international Voice, Video and Data connectivity. The Company foresees the ILD license as a large business opportunity that will enable it to provide high-end services in the burgeoning VPN (Virtual Private Network) bandwidth market. As per industry estimates, the international connectivity market is expected to double from over Rs 1800 Crores in 2006 to over Rs 3600 Crores in 2012.
The ILD license will allow Tulip to offer a wide array of network carriage services for international connectivity to customers from an integrated platform and to provide International leased circuits to subscribers. This will further strengthen Company's position as an end to end solution provider.
Speaking on this occasion Lt Col H.S Bedi, Managing Director, of the Company stated, "It is a momentous occasion for Tulip and the Company has come a long way since its inception. This license opens a host of business opportunities for the Company and Tulip is appropriately positioned to leverage these opportunities." He further added "We have a strong footprint in the domestic market with our reach in over 800 cities. The award of this license will further enforce our commitment to being an end-to-end connectivity solutions provider that provides customers with a single point of contact for all connectivity and integration requirements."
With the addition of international connectivity to its portfolio, the Company has become a unique service provider that provides customers with a one-stop-shop for all connectivity needs including Network Integration, Domestic Connectivity, Managed Network Services, Data Centers and International connectivity.
EXPECTING 65-70 EPS FOR FULL YEAR AND PRICE TARGET OF 1700 WITH IN SIX MONTHS JUST BUY
Monday, December 17, 2007
TOP STOCKS 2 BUY AT SUPPORT LEVELS
KLG - 775
GAIL - 475
AMARA RAJA BATTERIES - 193
I O C -570
Info Edge (India) Ltd 1200
U T V 775-800
TTK PRESTIGE 165
Sarda Energy & Minerals Ltd 500
MONNET ISPAT 450
GAIL - 475
AMARA RAJA BATTERIES - 193
I O C -570
Info Edge (India) Ltd 1200
U T V 775-800
TTK PRESTIGE 165
Sarda Energy & Minerals Ltd 500
MONNET ISPAT 450
Thursday, December 13, 2007
ORBIT CORPORATION LIMITED
from annul report:
operate in the financial hub of the country, Mumbai. The Government
is committed in its efforts to enhance the infrastructure of the city
to ensure that it becomes the International Finance hub not only for
the Asian region but globally.
In Mumbai the corporate offices of financial and producer services
companies are strongly concentrated in the southern tip of the
peninsula. Last few years have seen the emergence of new business
districts like Lower Parel, the earlier textile den and Bandra Kurla
Complex, one of the most preferred office spaces by the multinational
financial companies. This has also created the demand for quality
housing around these business districts to greater levels. The demand
for housing real estate in the areas we operate is led by quality, high
end lifestyle driven housing units.
During the year, your Company has expanded its project size to 16
projects which would result in development of total saleable area of
803575 SFT. The Company is currently executing 8 projects with a total
saleable area of 485075 SFT directly and 8 projects through its wholly
owned subsidiaries with a total saleable area of 318500 SFT. We also
have taken an initiative of providing the superior quality by way of
bringing the best practices and processes in the construction. In
addition to process driven improvement initiatives, we have also
started our Vendor Development program to develop products unique to
our specifications to provide superior quality of fittings in the homes
we build.
The size, in terms of total economic value of real estate development
activity, of the Indian real estate market is currently US$ 40-45bn
(5-6% of GDP) - residential (90-95% of the market), commercial (4-5%)
and organized retail (1%). Over next five years the growth are
estimated at a 20% CAGR, driven by 18-19% growth in residential real
estate, 55-60% in retail real estate and 20-22% in commercial real
estate.
PROJECTS
Estimated Free
Name of the Project Location Sale Area (sq.fts.)
Orbit Arya Napeansea Road 65,00
Hafeez Contractor House Lower Parel 2,26,200
Orbit Ambrosia Altamount Road 34,000
Orbit Plaza Bandra Kurla Complex 75,000
Gokuldas Devji Wadi Tardeo 14,375
Jensen Veneers New Breach Candy Road 10,500
Iqbal Manzil and Daruwala Chawl Lower Parel 25,000
Orbit Haven Napeansea Road 35,000
ACQUISITION OF PROPERTY FROM AMBUJA CEMENTS LIMITED
The Company achieved another milestone by acquiring through bid
process, a property i.e. land located at Kalina, Santacruz, Mumbai, one
of the prime locations of the Mumbai Megapolis, from Ambuja Cements
Limited. The aforesaid property has been acquired for a consideration
of Rs.333 crores. The Company has assigned the development rights in
respect of the said property in favour of a Special Purpose Vehicle
(SPV) i.e. an associate company Orbit Shelters Private Limited.
Necessary agreements and other relevant documents for the aforesaid
transaction were executed by the Company, Orbit Shelters Private
Limited and Ambuja Cements Limited, the Vendor of the said property
on 20th April 2007.
The said SPV at the nomination of the Company has acquired the land for
the purpose of developing the property, and selling or otherwise
exploiting the property and building(s) constructed thereon. Your
Company expects that buildings can be developed on the aforesaid
property for commercial use of at least 3,50,000 sq.ft.
AMALGAMATION OF WHOLLY OWNED SUBSIDIARIES WITH THE COMPANY:
Your Company is engaged in the business of Real Estate/Property
Development and is presently in the process of implementing a number of
prestigious residential/commercial real estate projects in Mumbai,
Maharashtra, through itself as well as its three wholly owned
Subsidiaries namely Orbit Constructions and Realtors Private Limited,
Orbit Buildcon and Realty Private Limited and Orbit Housing Private
Limited (wholly owned subsidiary of Orbit Buildcon and Realty Private
Limited).
The Company and its three wholly owned Subsidiaries belong to the
Orbit Group and are engaged in the similar businesses of real
estate/property development and share common market. Therefore to
facilitate economics in scale of operations through consolidation of
businesses, your Directors, after a careful review of all relevant
factors, have considered it prudent to amalgamate/merge the three
wholly owned subsidiary companies with the company. The proposed
amalgamation and resultant consolidation of the real estate businesses
will lead to consolidation of asset base and profitability of the
subsidiaries with the company thereby significantly enhancing the
stakeholders' perception and eventually resulting in enhancement of
shareholders' value through scale, integration of operations, enhanced
financial strength and flexibility and rationalization of
administrative and marketing costs.
The Company has already initiated actions for obtaining requisite
approvals for the Scheme of Amalgamation.
SUBSIDIARY COMPANIES
A statement pursuant to Section 212 of the Companies Act, 1956, setting
out the particulars of subsidiary companies namely, Orbit Constructions
& Realtors Private Limited, Orbit Buildcon & Realty Private Limited and
Orbit Housing Private Limited (wholly owned Subsidiary of Orbit
Buildcon & Realty Private Limited) is attached herewith and forms part
of this report.
Orbit Constructions and Realtors Private Limited
The gross turnover of the Company was Rs.48.78 Crores. The Company has
earned a Profit after Tax of Rs. 11.56 Crores.
PROJECTS
Synopsis of the projects in hand are as under:
Name of the Project Location Estimated Free Sale Area (sq.fts.)
Orbit Heights Tardeo Road 82,500
Orbit Eternia Lower Parel 25,000
Orbit Enclave Prathna Samaj 23,000
Orbit Grand I Lower Parel 24,000
Orbit Grand II Lower Parel 24,000
Orbit View Worli Sea Face 35,000
Orbit Buildcon and Realty Private Limited
The gross turnover of the Company was Rs.112.19 crores. The Company has
earned a profit after tax of Rs. 37.89 Crores.
Orbit Housing Private Limited
The gross turnover of the Company was approx Rs.1 lac. The Company has
earned a profit after tax of Rs.0.05 lac.
PROJECTS
Synopsis of the projects in hand are as under:
Name of the Project Location Estimated Free Sale Area (sq.fts.)
Villa Orb Napeansea Road 52,500
Mukund Mansion Napeansea Road 52,500
pujitaggarwal MD, Orbit Corporation, said the company is targeting sales of Rs 800 crore in FY08 while margins are seen at 35%.
so on an equity of 36.27 they could achive net profit of 280cr . eps of 77 .price targt for a six months
is 1550 rs (if p.e counts only 20)
operate in the financial hub of the country, Mumbai. The Government
is committed in its efforts to enhance the infrastructure of the city
to ensure that it becomes the International Finance hub not only for
the Asian region but globally.
In Mumbai the corporate offices of financial and producer services
companies are strongly concentrated in the southern tip of the
peninsula. Last few years have seen the emergence of new business
districts like Lower Parel, the earlier textile den and Bandra Kurla
Complex, one of the most preferred office spaces by the multinational
financial companies. This has also created the demand for quality
housing around these business districts to greater levels. The demand
for housing real estate in the areas we operate is led by quality, high
end lifestyle driven housing units.
During the year, your Company has expanded its project size to 16
projects which would result in development of total saleable area of
803575 SFT. The Company is currently executing 8 projects with a total
saleable area of 485075 SFT directly and 8 projects through its wholly
owned subsidiaries with a total saleable area of 318500 SFT. We also
have taken an initiative of providing the superior quality by way of
bringing the best practices and processes in the construction. In
addition to process driven improvement initiatives, we have also
started our Vendor Development program to develop products unique to
our specifications to provide superior quality of fittings in the homes
we build.
The size, in terms of total economic value of real estate development
activity, of the Indian real estate market is currently US$ 40-45bn
(5-6% of GDP) - residential (90-95% of the market), commercial (4-5%)
and organized retail (1%). Over next five years the growth are
estimated at a 20% CAGR, driven by 18-19% growth in residential real
estate, 55-60% in retail real estate and 20-22% in commercial real
estate.
PROJECTS
Estimated Free
Name of the Project Location Sale Area (sq.fts.)
Orbit Arya Napeansea Road 65,00
Hafeez Contractor House Lower Parel 2,26,200
Orbit Ambrosia Altamount Road 34,000
Orbit Plaza Bandra Kurla Complex 75,000
Gokuldas Devji Wadi Tardeo 14,375
Jensen Veneers New Breach Candy Road 10,500
Iqbal Manzil and Daruwala Chawl Lower Parel 25,000
Orbit Haven Napeansea Road 35,000
ACQUISITION OF PROPERTY FROM AMBUJA CEMENTS LIMITED
The Company achieved another milestone by acquiring through bid
process, a property i.e. land located at Kalina, Santacruz, Mumbai, one
of the prime locations of the Mumbai Megapolis, from Ambuja Cements
Limited. The aforesaid property has been acquired for a consideration
of Rs.333 crores. The Company has assigned the development rights in
respect of the said property in favour of a Special Purpose Vehicle
(SPV) i.e. an associate company Orbit Shelters Private Limited.
Necessary agreements and other relevant documents for the aforesaid
transaction were executed by the Company, Orbit Shelters Private
Limited and Ambuja Cements Limited, the Vendor of the said property
on 20th April 2007.
The said SPV at the nomination of the Company has acquired the land for
the purpose of developing the property, and selling or otherwise
exploiting the property and building(s) constructed thereon. Your
Company expects that buildings can be developed on the aforesaid
property for commercial use of at least 3,50,000 sq.ft.
AMALGAMATION OF WHOLLY OWNED SUBSIDIARIES WITH THE COMPANY:
Your Company is engaged in the business of Real Estate/Property
Development and is presently in the process of implementing a number of
prestigious residential/commercial real estate projects in Mumbai,
Maharashtra, through itself as well as its three wholly owned
Subsidiaries namely Orbit Constructions and Realtors Private Limited,
Orbit Buildcon and Realty Private Limited and Orbit Housing Private
Limited (wholly owned subsidiary of Orbit Buildcon and Realty Private
Limited).
The Company and its three wholly owned Subsidiaries belong to the
Orbit Group and are engaged in the similar businesses of real
estate/property development and share common market. Therefore to
facilitate economics in scale of operations through consolidation of
businesses, your Directors, after a careful review of all relevant
factors, have considered it prudent to amalgamate/merge the three
wholly owned subsidiary companies with the company. The proposed
amalgamation and resultant consolidation of the real estate businesses
will lead to consolidation of asset base and profitability of the
subsidiaries with the company thereby significantly enhancing the
stakeholders' perception and eventually resulting in enhancement of
shareholders' value through scale, integration of operations, enhanced
financial strength and flexibility and rationalization of
administrative and marketing costs.
The Company has already initiated actions for obtaining requisite
approvals for the Scheme of Amalgamation.
SUBSIDIARY COMPANIES
A statement pursuant to Section 212 of the Companies Act, 1956, setting
out the particulars of subsidiary companies namely, Orbit Constructions
& Realtors Private Limited, Orbit Buildcon & Realty Private Limited and
Orbit Housing Private Limited (wholly owned Subsidiary of Orbit
Buildcon & Realty Private Limited) is attached herewith and forms part
of this report.
Orbit Constructions and Realtors Private Limited
The gross turnover of the Company was Rs.48.78 Crores. The Company has
earned a Profit after Tax of Rs. 11.56 Crores.
PROJECTS
Synopsis of the projects in hand are as under:
Name of the Project Location Estimated Free Sale Area (sq.fts.)
Orbit Heights Tardeo Road 82,500
Orbit Eternia Lower Parel 25,000
Orbit Enclave Prathna Samaj 23,000
Orbit Grand I Lower Parel 24,000
Orbit Grand II Lower Parel 24,000
Orbit View Worli Sea Face 35,000
Orbit Buildcon and Realty Private Limited
The gross turnover of the Company was Rs.112.19 crores. The Company has
earned a profit after tax of Rs. 37.89 Crores.
Orbit Housing Private Limited
The gross turnover of the Company was approx Rs.1 lac. The Company has
earned a profit after tax of Rs.0.05 lac.
PROJECTS
Synopsis of the projects in hand are as under:
Name of the Project Location Estimated Free Sale Area (sq.fts.)
Villa Orb Napeansea Road 52,500
Mukund Mansion Napeansea Road 52,500
pujitaggarwal MD, Orbit Corporation, said the company is targeting sales of Rs 800 crore in FY08 while margins are seen at 35%.
so on an equity of 36.27 they could achive net profit of 280cr . eps of 77 .price targt for a six months
is 1550 rs (if p.e counts only 20)
Wednesday, December 12, 2007
Sarda Energy & Minerals Ltd
The name of the Company has also been changed from Raipur Alloys & Steel Limited to Sarda Energy & Minerals Limited with a view to truly reflect the vision and mission of the Company. The focus of the Company is on harnessing of natural resources, particularly minerals and energy to produce value added products. The Company is creating core competencies in this field.
EXPORTS
The merged company enjoys status of Star Export house and is a leading exporter of ferro alloys in the country. During the year under review the company exported 18656 MTs of ferro alloys valued at Rs.59.47 crores as against 6466 MTs of Rs. 17.25 crores. The Companys product has been well accepted across the globe because of quality. Majority of the Companys exports are to the developed countries. To take advantage of goodwill created, during the year Company also started merchant export with a quantity of 4000 MTs.
PROJECTS
As informed in the last Report, the Company has taken up installation of two more induction furnaces of 15 Tonnes each and will be ready by 3rd quarter of the current financial year as per schedule.
The Company has also taken up expansion projects of Rs.450 crores which included Sponge Iron Plant, Iron Ore Pelletisation Plant, Thermal Power Plant, Coal Mining, Coal Washery and Infrastructure facilities. The financial closure for the projects has already been achieved and work on the projects has already been started The Sponge Iron Project is in advance stage of installation and is expected to be commissioned by the end of current financial year. The Pellet Plant is being put up in technical collaboration with SDM, China. The project is expected to be commissioned in the next financial year. The coal mines are expected to become operational during the current financial year.
INVESTMENTS
The Company has identified Hydro Power as a potential area of growth. The Company has made investments in companies whom Hydel Projects have been allotted in Uttaranchal, Sikkim and Chhattisgarh. The hydro power project of Uttaranchal will be operational during current year. During the year, the company has also promoted a joint venture company M/s. Madanpur South Coal Company Limited, an SPV, for mining of coal block allotted in consortium, where the Company has got a share of 36 million tonnes.
MINES
During the year under review the Company produced 1,52,713 MTs of iron ore as against 1,69,820 MTs produced during the previous year. The Company is taking steps to increase the production of iron ore from captive iron ore mines. The fines generated in the mines will be utilized after commissioning of Companys Pelletisation Plant.
All approvals required to start operation in the coal mine of the Company have been received. The Company plans to start development of the mine after rainy season in the 3rd quarter of the current financial year. The Company expects to start getting coal during the current year.
The Company has also received Prospecting Licence and Resonance Permits for iron ore and manganese ore mines at different locations to meet future requirements of the Company. The exploration work is going on.
The Company has acquired manganese ore and iron ore mines in Goa also. Steps have been taken for acquisition of more mines to ensure long term sustainable & uninterrupted availability of raw materials.
news
Raipur Alloys & Steel Ltd has informed that the Order of the Hon'ble Court of Bombay - Nagpur Bench confirming the merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company has been filed with the Registrar of Companies (ROC), Mumbai on July 01, 2007.
buy for six months u will be rewarded by four figures.
EXPORTS
The merged company enjoys status of Star Export house and is a leading exporter of ferro alloys in the country. During the year under review the company exported 18656 MTs of ferro alloys valued at Rs.59.47 crores as against 6466 MTs of Rs. 17.25 crores. The Companys product has been well accepted across the globe because of quality. Majority of the Companys exports are to the developed countries. To take advantage of goodwill created, during the year Company also started merchant export with a quantity of 4000 MTs.
PROJECTS
As informed in the last Report, the Company has taken up installation of two more induction furnaces of 15 Tonnes each and will be ready by 3rd quarter of the current financial year as per schedule.
The Company has also taken up expansion projects of Rs.450 crores which included Sponge Iron Plant, Iron Ore Pelletisation Plant, Thermal Power Plant, Coal Mining, Coal Washery and Infrastructure facilities. The financial closure for the projects has already been achieved and work on the projects has already been started The Sponge Iron Project is in advance stage of installation and is expected to be commissioned by the end of current financial year. The Pellet Plant is being put up in technical collaboration with SDM, China. The project is expected to be commissioned in the next financial year. The coal mines are expected to become operational during the current financial year.
INVESTMENTS
The Company has identified Hydro Power as a potential area of growth. The Company has made investments in companies whom Hydel Projects have been allotted in Uttaranchal, Sikkim and Chhattisgarh. The hydro power project of Uttaranchal will be operational during current year. During the year, the company has also promoted a joint venture company M/s. Madanpur South Coal Company Limited, an SPV, for mining of coal block allotted in consortium, where the Company has got a share of 36 million tonnes.
MINES
During the year under review the Company produced 1,52,713 MTs of iron ore as against 1,69,820 MTs produced during the previous year. The Company is taking steps to increase the production of iron ore from captive iron ore mines. The fines generated in the mines will be utilized after commissioning of Companys Pelletisation Plant.
All approvals required to start operation in the coal mine of the Company have been received. The Company plans to start development of the mine after rainy season in the 3rd quarter of the current financial year. The Company expects to start getting coal during the current year.
The Company has also received Prospecting Licence and Resonance Permits for iron ore and manganese ore mines at different locations to meet future requirements of the Company. The exploration work is going on.
The Company has acquired manganese ore and iron ore mines in Goa also. Steps have been taken for acquisition of more mines to ensure long term sustainable & uninterrupted availability of raw materials.
news
Raipur Alloys & Steel Ltd has informed that the Order of the Hon'ble Court of Bombay - Nagpur Bench confirming the merger of Chhattisgarh Electricity Company Ltd and Raipur Gases Pvt Ltd with the Company has been filed with the Registrar of Companies (ROC), Mumbai on July 01, 2007.
buy for six months u will be rewarded by four figures.
Accentia Technologies Ltd.
Accentia is a forerunner in both Software and BPO industries.
The company has a superior technology oriented software division which exceeds customer expectations in quality, price and timeliness.
The onsite-offshore model along with innovative technological advancements for a strategic solution to the customer concerns make Accentia stands out in the market.
The BPO section which comes under the ITES division of Geosoft Technologies (TVM) Ltd with its excellent customer services achieved No1 position among the companies of its own kind in South India. With its best intellects from the industry,
Geosoft Technologies caters to all the requirements of the IT industry with special emphasis on Transcription services, Medical Billing and Coding, Insurance Claim Processing, Consultancy Services etc.
Accentia operates from Three world class locations with state-of-the-art facilities with fault tolerant and HIPPA compliant technical infrastrure.The company has a capacity of 1320 seats on 24 Hr cycle among all its facilities. All the Units are linked with encrypted VPN network for data protection. Accentia has its Headquarters in Mumbai (Formerly Bombay), the Economic Capital of India with a population of over 22 Million cosmopolitans and majority of them English speaking. The Mumbai facility is situated in the BSEL Techpark, a prestigious landmark for Technology Organizations in New Bombay.Accentia has a 700 seater facility at Technopark, Trivandrum (the southern tip of India). The Technopark is the greenest Technopolis in the world. Accentia’s Trivandrum facility operates on a 24X7 basis.The Bangalore unit of Accentia is operating out of Accentia Towers in downtown Bangalore with a 600 seater facility operating 24X7. All the units of Accentia is connected through fault-tolerant HIPPA compliant VPN networks with a 24X7 contact center to address clients’ needs.
During the financial year 2005-06, the company has acquired 51% stake in M/s. Geosoft Technologies (Trivandrum) Ltd and 51% stake in M/s.Iridium Technologies (India) Pvt.Ltd. Thus both the companies have become the subsidiaries of Accentia Technologies Ltd.
Geosoft Technologies (Trivandrum) Ltd is one of the pioneers in Healthcare BPO segment in India. Located at Technopark, Trivandrum, with a BPO capacity of 675 seats and infrastructure of 8000 SFT. Geosoft is in BPO operations for the past 8 years and serving leading clients based in USA and UK.
Iridium Technologies (India) Pvt.Ltd is one the premier application software products company specializing in BPO segment. ITIL is a pioneer in developing end to end global work flow automation systems linking healthcare organizations and insurance companies in USA to the service providers all across the world.
Besides, ITIL has web-enabled modules to impart training in Healthcare BPO practice to the aspirants of BPO jobs. The product range of ITIL comprises iMTAS, iCMT, iCHMT, Falcon-2000, Fl HBPO Automation Software etc.
Widi the growth potential that these two companies provide, Accentia is poised to have strong consolidated performance. The core performance of Accentia is expected to substantially improve widi the strength that the two subsidiary companies bring to the Parent Company, Accentia.
3. Take over
With Effect from 17th June 2006, the companys management has changed after due completion of the takeover process as per SEBI norms, by Mr.Pradeep Suseela Viswambharan.
With the successful completion of takeover process, Mr.Pradeep Suseela Viswambharan has become the New Promoter of the Company with effect from 17th June 2006.
Mr.Pradeep Suseela Viswambharan is an Engineering Graduate from University of Kerala and also a Masters in Business Management from TAPMI, Manipal. Mr.Pradeep has more than 16 years of experience in Software Services, Business Process Outsourcing Services and Software Products. He is one of the pioneers, who propagated the Healthcare BPO potential in India through leading Software Platforms like NASSCOM and lead several delegations to USA and UK. His presence on the board is a value addition to the company in line with its strategic stake acquisition plans.
with an equity of 4.68 it has posted 14.41cr for half year third quarter it may post 11cr and for fullyear it may post 65-80 eps. so one can buy for a short term (up to 3quarter results)
u may get275. current price is 195.5
so just buy
The company has a superior technology oriented software division which exceeds customer expectations in quality, price and timeliness.
The onsite-offshore model along with innovative technological advancements for a strategic solution to the customer concerns make Accentia stands out in the market.
The BPO section which comes under the ITES division of Geosoft Technologies (TVM) Ltd with its excellent customer services achieved No1 position among the companies of its own kind in South India. With its best intellects from the industry,
Geosoft Technologies caters to all the requirements of the IT industry with special emphasis on Transcription services, Medical Billing and Coding, Insurance Claim Processing, Consultancy Services etc.
Accentia operates from Three world class locations with state-of-the-art facilities with fault tolerant and HIPPA compliant technical infrastrure.The company has a capacity of 1320 seats on 24 Hr cycle among all its facilities. All the Units are linked with encrypted VPN network for data protection. Accentia has its Headquarters in Mumbai (Formerly Bombay), the Economic Capital of India with a population of over 22 Million cosmopolitans and majority of them English speaking. The Mumbai facility is situated in the BSEL Techpark, a prestigious landmark for Technology Organizations in New Bombay.Accentia has a 700 seater facility at Technopark, Trivandrum (the southern tip of India). The Technopark is the greenest Technopolis in the world. Accentia’s Trivandrum facility operates on a 24X7 basis.The Bangalore unit of Accentia is operating out of Accentia Towers in downtown Bangalore with a 600 seater facility operating 24X7. All the units of Accentia is connected through fault-tolerant HIPPA compliant VPN networks with a 24X7 contact center to address clients’ needs.
During the financial year 2005-06, the company has acquired 51% stake in M/s. Geosoft Technologies (Trivandrum) Ltd and 51% stake in M/s.Iridium Technologies (India) Pvt.Ltd. Thus both the companies have become the subsidiaries of Accentia Technologies Ltd.
Geosoft Technologies (Trivandrum) Ltd is one of the pioneers in Healthcare BPO segment in India. Located at Technopark, Trivandrum, with a BPO capacity of 675 seats and infrastructure of 8000 SFT. Geosoft is in BPO operations for the past 8 years and serving leading clients based in USA and UK.
Iridium Technologies (India) Pvt.Ltd is one the premier application software products company specializing in BPO segment. ITIL is a pioneer in developing end to end global work flow automation systems linking healthcare organizations and insurance companies in USA to the service providers all across the world.
Besides, ITIL has web-enabled modules to impart training in Healthcare BPO practice to the aspirants of BPO jobs. The product range of ITIL comprises iMTAS, iCMT, iCHMT, Falcon-2000, Fl HBPO Automation Software etc.
Widi the growth potential that these two companies provide, Accentia is poised to have strong consolidated performance. The core performance of Accentia is expected to substantially improve widi the strength that the two subsidiary companies bring to the Parent Company, Accentia.
3. Take over
With Effect from 17th June 2006, the companys management has changed after due completion of the takeover process as per SEBI norms, by Mr.Pradeep Suseela Viswambharan.
With the successful completion of takeover process, Mr.Pradeep Suseela Viswambharan has become the New Promoter of the Company with effect from 17th June 2006.
Mr.Pradeep Suseela Viswambharan is an Engineering Graduate from University of Kerala and also a Masters in Business Management from TAPMI, Manipal. Mr.Pradeep has more than 16 years of experience in Software Services, Business Process Outsourcing Services and Software Products. He is one of the pioneers, who propagated the Healthcare BPO potential in India through leading Software Platforms like NASSCOM and lead several delegations to USA and UK. His presence on the board is a value addition to the company in line with its strategic stake acquisition plans.
with an equity of 4.68 it has posted 14.41cr for half year third quarter it may post 11cr and for fullyear it may post 65-80 eps. so one can buy for a short term (up to 3quarter results)
u may get275. current price is 195.5
so just buy
Wednesday, December 5, 2007
Advanced Micronic Devices Ltd. (AMDL)
incorporated in 1982 went public in 1994. The company's stocks are currently listed in Mumbai and Bangalore stock exchanges.
The company was founded by entrepreneurs who had extensive experience in Information Technology and Healthcare.
The promoters continue to pursue business opportunities both in IT, Healthcare and related Software services.
The company provides innovative and creative solutions for its clientele with leading and emerging technologies in both IT and Healthcare.Headquartered in Bangalore - the Silicon Valley of India ,
the company has offices in many major cities of India.
The company's strength comes from its highly qualified and motivated employees who manage profit center based divisions. With its extended network of strategic business associates and distributors, the company has been able to provide products and services to its major customers in the Indian subcontinent.
The company's commitment to technology and support has been its areas of strength and the reason for its customers to choose AMDL as a vendor of choice. Its customer base includes major Corporates,
Defense establishments, Software Technology parks, MNC's and Super-Specialty Hospitals.AMDL is fully prepared for the demanding market needs and challenges .
It has built-in capabilities- People, access to technology, relationship with Industry leaders and sensitivity to customer needsWith a participative and collaborative environment,
the company provides opportunities for its employees to participate in the growth of the company.
The company enjoys a highly rated credit worthiness.
AMDL is a subsidiary of Opto Circuits (India) Ltd. (OCIL), a public listed company.
COMPANY NEWS
World's second largest computer chip maker Advanced Micro Devices is planning to invest about $500 million in SemIndia's proposed chip manufacturing facility near Hyderabad. AMD will invest $500 million in SemIndia's Special Economic Zone for making silicon chips that would require a total investment of up to three billion dollars.
Apart from AMD, Singapore-based Flextronics has already announced it would pick up a minority stake in the venture. Of the three billion dollar investment, one billion dollars would come through equity and the rest through debt. Besides equity, the US chip giant will also provide technology to SemIndia for the manufacturing facility.
Sources said the SEZ scheme has been a big draw among technology companies, with some of the biggest names in the industry either already announcing plans or planning ventures. Nearly two-three billion dollars is expected to flow into these IT SEZs by December 2007. Flextronics, a contract manufacturer, will also invest $100 million for a 250 acre SEZ at Sriperembudur in Tamil Nadu. Finnish telecom handset major Nokia has already started production at its SEZ in Tamil Nadu, where it will pump in a total of $100 million. US telecom major Motorola and
world's largest computer maker Dell have also plans to invest $100 million each in SEZs in the country. Online search engine Google has lined up an expenditure of $500 million for a SEZ, while Accenture will spend $200 million.
Chip maker Advanced Micro Devices announced it would ramp up its chip design team in the city. A 100 hardware engineers are currently working on latest chip designs, besides software and alliances management (working with partner firms to consolidate knowledge).
The firm owns 23 per cent of the desktop PC market in India, according to analyst firm IDC. AMD also introduced socket AM2 series of processors, which will enable Windows Vista users to take advantage of new capabilities such as virtualisation (running different operating systems on a single PC). Energy-efficient processors, with up to 40 per cent reduction in power, were also revealed. In this age of $70 for a barrel of oil and power cuts every other day, these processors will make a difference in India.
The firm also announced that its `Live!' digital home entertainment platform would now be available in Bangalore, through Vertex Techno Solutions.
Chipmaker Advanced Micro Devices (AMD) announced a few developments in the processor industry, starting with the new AMD-powered Lenovo laptops. Dell has also finally unveiled its first desktop PCs based on processors from AMD. The two new machines Dimension C521 and Dimension E521 can be ordered with AMD Sempron processor, an AMD Athlon 64 processor or an AMD Athlon 64X2 dual-core processor. AMD has demonstrated an ability to deliver great technology that customers want today and in the future. And AMD meets the requirements Dell has for being a partner of capacity and quality.
AMDL has emerged as ace player in Healthcare sector with focus on products related to cardiac care / intensive care in India. Initiated in the year 1974 as Micronic Devices the visionary technocrats behind the venture were among the best in promoting Implantable Pacemakers, Portable Defibrillators, Intra Aortic Balloon Pumps, ECG machines, Stress Test Systems, Holter Systems, Fetal Monitors, Multi parameter monitors, representing renowned companies from across the globe.
JUST BUY THIS COMPANY
The company was founded by entrepreneurs who had extensive experience in Information Technology and Healthcare.
The promoters continue to pursue business opportunities both in IT, Healthcare and related Software services.
The company provides innovative and creative solutions for its clientele with leading and emerging technologies in both IT and Healthcare.Headquartered in Bangalore - the Silicon Valley of India ,
the company has offices in many major cities of India.
The company's strength comes from its highly qualified and motivated employees who manage profit center based divisions. With its extended network of strategic business associates and distributors, the company has been able to provide products and services to its major customers in the Indian subcontinent.
The company's commitment to technology and support has been its areas of strength and the reason for its customers to choose AMDL as a vendor of choice. Its customer base includes major Corporates,
Defense establishments, Software Technology parks, MNC's and Super-Specialty Hospitals.AMDL is fully prepared for the demanding market needs and challenges .
It has built-in capabilities- People, access to technology, relationship with Industry leaders and sensitivity to customer needsWith a participative and collaborative environment,
the company provides opportunities for its employees to participate in the growth of the company.
The company enjoys a highly rated credit worthiness.
AMDL is a subsidiary of Opto Circuits (India) Ltd. (OCIL), a public listed company.
COMPANY NEWS
World's second largest computer chip maker Advanced Micro Devices is planning to invest about $500 million in SemIndia's proposed chip manufacturing facility near Hyderabad. AMD will invest $500 million in SemIndia's Special Economic Zone for making silicon chips that would require a total investment of up to three billion dollars.
Apart from AMD, Singapore-based Flextronics has already announced it would pick up a minority stake in the venture. Of the three billion dollar investment, one billion dollars would come through equity and the rest through debt. Besides equity, the US chip giant will also provide technology to SemIndia for the manufacturing facility.
Sources said the SEZ scheme has been a big draw among technology companies, with some of the biggest names in the industry either already announcing plans or planning ventures. Nearly two-three billion dollars is expected to flow into these IT SEZs by December 2007. Flextronics, a contract manufacturer, will also invest $100 million for a 250 acre SEZ at Sriperembudur in Tamil Nadu. Finnish telecom handset major Nokia has already started production at its SEZ in Tamil Nadu, where it will pump in a total of $100 million. US telecom major Motorola and
world's largest computer maker Dell have also plans to invest $100 million each in SEZs in the country. Online search engine Google has lined up an expenditure of $500 million for a SEZ, while Accenture will spend $200 million.
Chip maker Advanced Micro Devices announced it would ramp up its chip design team in the city. A 100 hardware engineers are currently working on latest chip designs, besides software and alliances management (working with partner firms to consolidate knowledge).
The firm owns 23 per cent of the desktop PC market in India, according to analyst firm IDC. AMD also introduced socket AM2 series of processors, which will enable Windows Vista users to take advantage of new capabilities such as virtualisation (running different operating systems on a single PC). Energy-efficient processors, with up to 40 per cent reduction in power, were also revealed. In this age of $70 for a barrel of oil and power cuts every other day, these processors will make a difference in India.
The firm also announced that its `Live!' digital home entertainment platform would now be available in Bangalore, through Vertex Techno Solutions.
Chipmaker Advanced Micro Devices (AMD) announced a few developments in the processor industry, starting with the new AMD-powered Lenovo laptops. Dell has also finally unveiled its first desktop PCs based on processors from AMD. The two new machines Dimension C521 and Dimension E521 can be ordered with AMD Sempron processor, an AMD Athlon 64 processor or an AMD Athlon 64X2 dual-core processor. AMD has demonstrated an ability to deliver great technology that customers want today and in the future. And AMD meets the requirements Dell has for being a partner of capacity and quality.
AMDL has emerged as ace player in Healthcare sector with focus on products related to cardiac care / intensive care in India. Initiated in the year 1974 as Micronic Devices the visionary technocrats behind the venture were among the best in promoting Implantable Pacemakers, Portable Defibrillators, Intra Aortic Balloon Pumps, ECG machines, Stress Test Systems, Holter Systems, Fetal Monitors, Multi parameter monitors, representing renowned companies from across the globe.
JUST BUY THIS COMPANY
Thursday, November 29, 2007
Nirlon Ltd. (buy) A BIG REAL ESTATE STORY
NIRLON KNOWLEDGE PARK
OPERATIONS:
(a) Real Estate Division
(a) Real Estate Division
i) Development of Phase 1 of the Nirlon Knowledge Park - Goregaon
After a detailed evaluation, the Company concluded that the development of an Information Technology (IT) Park, as per the Government of Maharashtra's IT Policy, will allow the Company to optimize the value of its real estate at Goregaon. Accordingly, the Company commenced a detailed planning, budgeting and marketing exercise for the development of this IT Park. This included the appointment of architects, project management consultants, engineering consultants, etc.
During this period, the Company also confirmed its financing requirement for the project, and obtained sanctions from the lenders in this regard. After the appointment of the required contractor(s) in April 2007 and obtaining the required permissions, construction commenced in May 2007 as scheduled.
Presently, the Company intends to offer constructed premises in the IT Park on a leave and license basis to potential users.
ii) Leave and License activity
Parallel to the planning for development of the Nirlon Knowledge Park as described in (i) above, the Company continued to rent on leave and license basis approx. 5.39 lakh sq. ft. built up area at Goregaon and 0.96 lakh sq. ft. built up area at Tarapur to various corporate clients as on March 31, 2007.
ii) Leave and License activity
Parallel to the planning for development of the Nirlon Knowledge Park as described in (i) above, the Company continued to rent on leave and license basis approx. 5.39 lakh sq. ft. built up area at Goregaon and 0.96 lakh sq. ft. built up area at Tarapur to various corporate clients as on March 31, 2007.
The income from the leave and license activity was Rs. 18.51 crores in 2005-06 (15 months). The income for the period under review (9 months) was Rs.12.69 crores.
(b) Belting Division - Roha
Your Company continues to hold 26% Equity in its Conveyor Belting Joint Venture Company `Sempertrans Nirlon Pvt. Ltd.' which was formed in November 2000 with Semperit A.G., an Austrian Industrial Rubber Products Multinational.
This Joint Venture Company further improved its performance and its profitability in the financial year 2006-07.
Your Company continues to hold 26% Equity in its Conveyor Belting Joint Venture Company `Sempertrans Nirlon Pvt. Ltd.' which was formed in November 2000 with Semperit A.G., an Austrian Industrial Rubber Products Multinational.
This Joint Venture Company further improved its performance and its profitability in the financial year 2006-07.
During the period under review, the performance of the V-Belt Division also improved.
This improvement has been achieved as a result of the full basic range of V-Belts now being made available to customers, across an increased market.
This improvement has been achieved as a result of the full basic range of V-Belts now being made available to customers, across an increased market.
(c) Nylon Tyrecord Division - Tarapur
Dipping of Tyrecord Fabric and Industrial Fabric, as well as the manufacture/job work of griege tyrecord and industrial fabric continued at the Company's Tarapur location.
FUTURE OUTLOOK:
(a) Real Estate Division
(i) Development of Phase 1 of the Nirlon Knowledge Park - Goregaon
After appointment of the contractors in April 2007, and obtaining necessary permissions, the construction of Phase 1 of the Nirlon Knowledge Park commenced in May 2007. Phase 1 is expected to be ready for internal fit outs in the last quarter of the calendar year 2008. Income from Phase 1 is expected to begin from the first quarter of the calendar year 2009 (last quarter of the financial year 2008-09).
Marketing for licensing of floor areas in Phase 1 of this development is currently in progress, and on schedule. Subsequent phases of this development will commence depending on the response received by the Company for its Phase 1 development from potential users.
After appointment of the contractors in April 2007, and obtaining necessary permissions, the construction of Phase 1 of the Nirlon Knowledge Park commenced in May 2007. Phase 1 is expected to be ready for internal fit outs in the last quarter of the calendar year 2008. Income from Phase 1 is expected to begin from the first quarter of the calendar year 2009 (last quarter of the financial year 2008-09).
Marketing for licensing of floor areas in Phase 1 of this development is currently in progress, and on schedule. Subsequent phases of this development will commence depending on the response received by the Company for its Phase 1 development from potential users.
(ii) Leave and License activity
The Company expects to continue to receive its regular income from the areas already given on leave and license basis to various corporates in Goregaon and Tarapur during the financial year 2007-08.
However, some reductions may take place in the existing areas given on leave and license, which may be necessary as per the demolition and construction schedules of the Company's IT Park in Goregaon. This may affect the Company's income in the financial year 2007-08.
The Company expects to continue to receive its regular income from the areas already given on leave and license basis to various corporates in Goregaon and Tarapur during the financial year 2007-08.
However, some reductions may take place in the existing areas given on leave and license, which may be necessary as per the demolition and construction schedules of the Company's IT Park in Goregaon. This may affect the Company's income in the financial year 2007-08.
(b) Belting Division - Roha
The Company's Conveyor Belting Joint Venture, i.e. `Sempertrans Nirlon Pvt. Ltd.', has made substantial progress in expanding its production capacities during the financial year 2006-07. This expansion is expected to be substantially completed by the end of the financial year 2007-08, and the Joint Venture Company is expected to benefit from the extra installed capacities during the financial year 2008-09.
The capacity utilization and quality of the Company's V-Belts is expected to continue to improve in the financial year 2007-08. Though the Division has not become profitable during the financial year 2006-07 as planned, it is now close to a breakeven level, and is expected to become profitable during the financial year 2007-08.
The capacity utilization and quality of the Company's V-Belts is expected to continue to improve in the financial year 2007-08. Though the Division has not become profitable during the financial year 2006-07 as planned, it is now close to a breakeven level, and is expected to become profitable during the financial year 2007-08.
(c) Nylon Tyrecord Division - Tarapur
The Company has evaluated the competitiveness of its Dipping Unit at Tarapur, and has identified areas which require modifications to make this Unit competitive for the medium and long term. The implementation of these modifications will be introduced in a phased manner in the financial year 2007-08, and are scheduled to be completed by the financial year 2008-09.
BIFR STATUS
Pursuant to the application for deregistration made by the Company to the Hon'ble BIFR on September 7, 2006, the BIFR has passed an order dated October 6, 2006 deregistering the Company from the list of Sick Industries as defined under Sick Industrial Companies (Special Provisions) Act (SICA), 1985.
Pursuant to the application for deregistration made by the Company to the Hon'ble BIFR on September 7, 2006, the BIFR has passed an order dated October 6, 2006 deregistering the Company from the list of Sick Industries as defined under Sick Industrial Companies (Special Provisions) Act (SICA), 1985.
Tuesday, November 27, 2007
AVT Natural Products Ltd.
AVT Natural Products (AVT NPL), the first Indian company to foray into Chinese agriculture sector, will invest $2.5 million in three years for production, dehydration and extraction of marigold flowers.
The company has also planned to start a big extraction unit in China.
In an exclusive interview with Business Standard, Managing director M S A Kumar said that the area under marigold cultivation would be increased to 6,000 acres by 2010 from 2,000 acres.
“The company is planning to expand its production of natural extracts in China as the climatic condition and government policies there are quiet favourable for this line of business,” said Kumar.
It also plans to source from China paprika, a chilli variety used for natural colour, artemisia and wolf berries, widely used as nuetraceuticals across the world.
China, which is the largest producer of marigold, has the climatic advantage because of prolonged day light and narrow range of variation in temperature during day and night.
Kumar said marigold from China would be used mainly for poultry pigmentation and natural colouring, while those from India would be used for producing lutein, which is widely used in the eyecare industry. AVT NPL, which started operations in China in 2005, has expanded its marigold acreage in the country from 500 acres to 2,000 acres.
The company is operating in the country through its arm Heilongjiang AVT Bio Products, which has forged an alliance with Shuangyashan State Farm in Heilongjiang province.
AVT provides seeds for farming and cultivation is done on 100 per cent buy back arrangement. The company started its first ever de-hydration plant in China through its Singapore-based associate AVT Natural Pte Limited in September this year.
AVT NPL, which is the only Indian company to produce de-caffinated tea, is planning to increase its production. The company currently supplies 2,000 tonnes annually. The worldwide demand for this specialised tea is around 8,000 tonnes.
from Twenty First Annual Report :
FUTURE PROSPECTS
The capacity utilization of the extraction plant dropped from 9015 Mt in 2005-06 to 7783 Mt in 2006-07. R&D efforts for new Products are being accelerated to fill the extraction plant with new products. Our objective is to improve the capacity utilization of the Extraction Plant in the next 2 to 3 years.
During 2006, your company successfully grew Marigold in Shungyashan City in Heilongjiang province in China. As this location is found suitable for Marigold growing in North East China, your investment holding company in Singapore has decided to expand Marigold growing area in this location. Consequently, the name and registration of Tonghe AVT Natural limited, located in Tonghe county is changed to Heilongjiang AVT Bioproducts Ltd located in Shungyashan city. We are putting up a new dehydration plant in Shungyashan Government owned State Farm.
PERFORMANCE OF SUBSIDIARY COMPANY
AVT Natural Pte.Ltd, Singapore together with its subsidiary, Tonghe AVT Natural Ltd China has recorded sales of Rs 5.41 Crores and a loss of Rs 3.75 Lakhs during the period ended December 2006. We expect improved performance in sales and profits of the subsidiary company in 2007 from our Chinese operations.
the Company has issued the following press release:
AVT Natural Products Ltd has stated its Marigold Flower processing unit in Heilongjiang Province of North East China. The new plant of Heilongjiang AVT Bio-Products Ltd was dedicated to the globe last week by the Chairman of AVT NPL, Ajit Thomas. AVT NPL manages marigold contract farming operation in Southern India.
Marigolds are the primary raw materials for the manufacture of Lutein."
AVT Natural Products Ltd has informed that AVT Natural Pte Ltd, Singapore, wholly owned subsidiary of the Company has entered into an agreement with Kemin Foods L.C.(USA) for managing their wholly owned subsidiary in Thailand, Siagra Company Ltd. The management agreement is initially for a period of three years and is on a profit sharing basis. As per the agreement, the marigold pellets produced at Siagra Company Ltd, Thailand will be processed at the Company's extraction plant in Kochi, India.
what is lutein ?
Lutein is a carotenoid, meaning a natural colorant or pigment, found in dark green leafy vegetables such as spinach, egg yolks, various fruits and corn. Lutein is the active carotenoid in this potent, natural source antioxidant. It is naturally derived from marigold flowers and contains a normal blend of carotenoids including zeaxanthin and cryptoxanthin. Lutein also filters the high energy blue wavelengths of light from the visible light spectrum.
Main Function:
1.Promote healthy of eye and skin through reducing the risk of macular degeneration;
2.Be good at protecting the eyes, the arteries and the lungs from damaging free radicals;
3.Support normal eye function and protect the retina by blocking harmful blue light;
4.Reduce the risk of heart diseases and cancers.
Marigold flower processing Plant of Heiliongjiang AVT Bio Products Ltd, China, a stepdown subsidiary of AVT Natural Products Ltd, commenced operations on September 20, 2007.
The company has also planned to start a big extraction unit in China.
In an exclusive interview with Business Standard, Managing director M S A Kumar said that the area under marigold cultivation would be increased to 6,000 acres by 2010 from 2,000 acres.
“The company is planning to expand its production of natural extracts in China as the climatic condition and government policies there are quiet favourable for this line of business,” said Kumar.
It also plans to source from China paprika, a chilli variety used for natural colour, artemisia and wolf berries, widely used as nuetraceuticals across the world.
China, which is the largest producer of marigold, has the climatic advantage because of prolonged day light and narrow range of variation in temperature during day and night.
Kumar said marigold from China would be used mainly for poultry pigmentation and natural colouring, while those from India would be used for producing lutein, which is widely used in the eyecare industry. AVT NPL, which started operations in China in 2005, has expanded its marigold acreage in the country from 500 acres to 2,000 acres.
The company is operating in the country through its arm Heilongjiang AVT Bio Products, which has forged an alliance with Shuangyashan State Farm in Heilongjiang province.
AVT provides seeds for farming and cultivation is done on 100 per cent buy back arrangement. The company started its first ever de-hydration plant in China through its Singapore-based associate AVT Natural Pte Limited in September this year.
AVT NPL, which is the only Indian company to produce de-caffinated tea, is planning to increase its production. The company currently supplies 2,000 tonnes annually. The worldwide demand for this specialised tea is around 8,000 tonnes.
from Twenty First Annual Report :
FUTURE PROSPECTS
The capacity utilization of the extraction plant dropped from 9015 Mt in 2005-06 to 7783 Mt in 2006-07. R&D efforts for new Products are being accelerated to fill the extraction plant with new products. Our objective is to improve the capacity utilization of the Extraction Plant in the next 2 to 3 years.
During 2006, your company successfully grew Marigold in Shungyashan City in Heilongjiang province in China. As this location is found suitable for Marigold growing in North East China, your investment holding company in Singapore has decided to expand Marigold growing area in this location. Consequently, the name and registration of Tonghe AVT Natural limited, located in Tonghe county is changed to Heilongjiang AVT Bioproducts Ltd located in Shungyashan city. We are putting up a new dehydration plant in Shungyashan Government owned State Farm.
PERFORMANCE OF SUBSIDIARY COMPANY
AVT Natural Pte.Ltd, Singapore together with its subsidiary, Tonghe AVT Natural Ltd China has recorded sales of Rs 5.41 Crores and a loss of Rs 3.75 Lakhs during the period ended December 2006. We expect improved performance in sales and profits of the subsidiary company in 2007 from our Chinese operations.
the Company has issued the following press release:
AVT Natural Products Ltd has stated its Marigold Flower processing unit in Heilongjiang Province of North East China. The new plant of Heilongjiang AVT Bio-Products Ltd was dedicated to the globe last week by the Chairman of AVT NPL, Ajit Thomas. AVT NPL manages marigold contract farming operation in Southern India.
Marigolds are the primary raw materials for the manufacture of Lutein."
AVT Natural Products Ltd has informed that AVT Natural Pte Ltd, Singapore, wholly owned subsidiary of the Company has entered into an agreement with Kemin Foods L.C.(USA) for managing their wholly owned subsidiary in Thailand, Siagra Company Ltd. The management agreement is initially for a period of three years and is on a profit sharing basis. As per the agreement, the marigold pellets produced at Siagra Company Ltd, Thailand will be processed at the Company's extraction plant in Kochi, India.
what is lutein ?
Lutein is a carotenoid, meaning a natural colorant or pigment, found in dark green leafy vegetables such as spinach, egg yolks, various fruits and corn. Lutein is the active carotenoid in this potent, natural source antioxidant. It is naturally derived from marigold flowers and contains a normal blend of carotenoids including zeaxanthin and cryptoxanthin. Lutein also filters the high energy blue wavelengths of light from the visible light spectrum.
Main Function:
1.Promote healthy of eye and skin through reducing the risk of macular degeneration;
2.Be good at protecting the eyes, the arteries and the lungs from damaging free radicals;
3.Support normal eye function and protect the retina by blocking harmful blue light;
4.Reduce the risk of heart diseases and cancers.
Marigold flower processing Plant of Heiliongjiang AVT Bio Products Ltd, China, a stepdown subsidiary of AVT Natural Products Ltd, commenced operations on September 20, 2007.
Gujarat State Petronet (GSPL)-Best Leverage On Natural Gas
GSPL will see a doubling in pipeline capacities and quadrupling of Revenues over the next 4 years. The stock should become a core infrastructure play for all book runners.
High Operating leverage in the high gas demand state of Gujarat, good project execution record, visibility on long term gas supplies and stakes in parent GSPC groups City Gas Projects make GSPL the most attractive non Exploration and Production play on the emerging natural gas theme in India.
The volume growth potential of GSPL's core transmission business is immense as gas from the Deen Dayal and Dhirubhai fields gushes out beginning April-September 08 and continues to rise beyond 2010-11 when the Ongc offshore and GSPCs Deen Dayal fields also begin producing Natural Gas from Andhra Offshore. There will be minimal regulatory impact on pricing of gas transportation as GSPL has been set up as an open carrier sans pricing controls of the MoPNG.
Stock Triggers
Additional Gas Supplies of 4.8 million squared cubic meters per day from the Gujarat Offshore Panna-Mukta-Tapti gas fields in April 2008; to the existing 1100 kms of gas pipelines in Gujarat another 1100 kms costing over Rs 3300 crore will be added in CY 2008, additional gas supplies ranging from 6.9 million squared cubic meters per day from Reliance and rising to a peak of 70 million squared cubic meters per day from Second half FY 2008, Additional Gas supplies from the GSPC owned Deen Dayal fields from early 2010 and successful execution of the City Gas Distribution projects of GSPC group.
Gujarat-The Biggest Natural Gas Consumer
Natural Gas Demand from the State of Gujarat for various dedicated Power, Fertilisers, Steel and civil distribution was estimated at 54 mn squared cubic meters per day and this demand will rise to 95 mmscmd by 2010.
GSPL currently moves 18 mmscmd of gas per day, and the current gas infrastructure under its belt allows volume expansion to 40 mmscmd without much incremental investment. Add to this another doubling in pipeline capacity and theoretically GSPL would be able to push through over 80 mmscmd of Natural Gas as an open carrier.
There are multiple landing points at Hazira and Uran where competing gas networks of Reliance and Gail can land gas for movement within Gujarat. As already announced Reliance would utilise the GSPL network to move the KG gas up to the new Jamnagar refinery.
More importantly, GSPLs network at present is a North-South Gujarat pipeline model which is being broadened to include Rajkot, Morbi, Himmatnagar, and emerging economic hubs of Mundra and Pipavav ports, and the Dahej SEZ being set up by Ongc. This expansion will make GSPL a NSEW pipeline network in Gujarat.
And yet the capacity increase will lag Natural Gas demand by atleast 10 per cent of the estimated potential.
GSPL has a formal agreement with RIL to transmit up to 14 mmscmd of gas using its existing pipelines and develop new pipelines between Bharuch and Hadala and Rajkot-Jamnagar. GSPL would also be supplying 4.8 mmscmd of gas to Torrent Power from April 2008 for its 1100 MW Sugen power plant at Surat.
GSPL will see a doubling in pipeline capacities and quadrupling of Revenues over the next 4 years..the stock should become a core infrastructure play for all book runners.
source: value notes (a.s.hameed)
High Operating leverage in the high gas demand state of Gujarat, good project execution record, visibility on long term gas supplies and stakes in parent GSPC groups City Gas Projects make GSPL the most attractive non Exploration and Production play on the emerging natural gas theme in India.
The volume growth potential of GSPL's core transmission business is immense as gas from the Deen Dayal and Dhirubhai fields gushes out beginning April-September 08 and continues to rise beyond 2010-11 when the Ongc offshore and GSPCs Deen Dayal fields also begin producing Natural Gas from Andhra Offshore. There will be minimal regulatory impact on pricing of gas transportation as GSPL has been set up as an open carrier sans pricing controls of the MoPNG.
Stock Triggers
Additional Gas Supplies of 4.8 million squared cubic meters per day from the Gujarat Offshore Panna-Mukta-Tapti gas fields in April 2008; to the existing 1100 kms of gas pipelines in Gujarat another 1100 kms costing over Rs 3300 crore will be added in CY 2008, additional gas supplies ranging from 6.9 million squared cubic meters per day from Reliance and rising to a peak of 70 million squared cubic meters per day from Second half FY 2008, Additional Gas supplies from the GSPC owned Deen Dayal fields from early 2010 and successful execution of the City Gas Distribution projects of GSPC group.
Gujarat-The Biggest Natural Gas Consumer
Natural Gas Demand from the State of Gujarat for various dedicated Power, Fertilisers, Steel and civil distribution was estimated at 54 mn squared cubic meters per day and this demand will rise to 95 mmscmd by 2010.
GSPL currently moves 18 mmscmd of gas per day, and the current gas infrastructure under its belt allows volume expansion to 40 mmscmd without much incremental investment. Add to this another doubling in pipeline capacity and theoretically GSPL would be able to push through over 80 mmscmd of Natural Gas as an open carrier.
There are multiple landing points at Hazira and Uran where competing gas networks of Reliance and Gail can land gas for movement within Gujarat. As already announced Reliance would utilise the GSPL network to move the KG gas up to the new Jamnagar refinery.
More importantly, GSPLs network at present is a North-South Gujarat pipeline model which is being broadened to include Rajkot, Morbi, Himmatnagar, and emerging economic hubs of Mundra and Pipavav ports, and the Dahej SEZ being set up by Ongc. This expansion will make GSPL a NSEW pipeline network in Gujarat.
And yet the capacity increase will lag Natural Gas demand by atleast 10 per cent of the estimated potential.
GSPL has a formal agreement with RIL to transmit up to 14 mmscmd of gas using its existing pipelines and develop new pipelines between Bharuch and Hadala and Rajkot-Jamnagar. GSPL would also be supplying 4.8 mmscmd of gas to Torrent Power from April 2008 for its 1100 MW Sugen power plant at Surat.
GSPL will see a doubling in pipeline capacities and quadrupling of Revenues over the next 4 years..the stock should become a core infrastructure play for all book runners.
source: value notes (a.s.hameed)
Thursday, November 22, 2007
Mobile Telecommunications Ltd. (buy)
Mobile Telecommunications Limited,
a ISO 9001-2000 company, engaged in designs development and manufacturing of wide range of products, including telecom access products, Railway Signaling,MCCBs, and allied products in energy management arena, has inked an agreement with Logic eastern India Pvt. Ltd. for the manufacture of set-top boxes.
Logic eastern India Pvt. will transfer technology and know-how to MTL for the manufacture of these boxes. It will also customize the middleware applications software and offer a range of development services in the application domain.
Logic Eastern researches, designs, manufactures and provides integration services to services providers so as to enable them to introduce next-generation services in their networks. It manufactures high quality Set Top Boxes ( both DVB-C and IPTV ) , Switches and routers. LE's end to end Triple Play IPTV solution is designed for truly converged next generation networks that enable telecom carriers and cable operators to greatly enhance revenue and reduce customer churn.
“This partnership will allow us to address the requirements of the Rs 1000-crore markets for set-top boxes and middleware for interactive TV in India. We plan to scale up production from 15,000 set-top boxes in the first month to a 50,000 in four months,” said A B Vedmehta, Managing Director Mobile Telecommunications Limited. “We hope to garner at least a 20 percent market share.”
Mtl is also planning to install Digital Head-Ends in 55 cities and plans to obtain Mso licenses for B class cities and has already got an approval for its IP TV set top boxes from a leading IP TV service provider.
The set-top box from the company has been extended from purely enabling entertainment, to offering electronic communication and commerce, thereby enhancing its utility in households. Product support through proper after-sales service, vital for the successful implementation of CAS, will be provided. The Company will also provide services in various system engineering aspects such as WAN and LAN system architecture, design and support, system integration, broadcast network integration, broadcast
MTL is an established player in the field of information technology. At present, it is engaged in development and marketing of software packages and manufacturing EPBT (electronic push button telephones)
New Project and Business Development
Over the years Mobile Telecommunications Limited has got the process and planning in place by getting in to EMS activity. So the jurney was not rewarding but the break through to it has attained by implementing SMT line operation in the city of Nashik and working with the MNCs like Siemens, Schnider. ABB etc.. the Company was able to set certain standards in terms of quality and process.
Now the Company has started participating in tenders for various utility Companies directly i.e. it has got into APFC (Automatic Power Factor Controller) panels with the joint venture with Herodex Power Systems Pvt. Ltd.. and the Company has forayed into the energy- saving devices market. Company has plans to enter into the areas of Public Light and Energy Saving products, it aims to the number one ESCO (Energy Saving Company) of India.
BPO Industry
Quantum eServices Pvt. Ltd.. is a wholly owned subsidiary of Mobile Telecommunications Limited, and it has a beautiful 550 seater facility in Mindspace, Malad (W). Mumbai.
MTL is planning to enter into BPO space in a big way and the contract with one of the worlds big airline for its outsourcing requirement are underway.
The company expect to achieve a turnover of INR 60 Crores by BPO operations in next one year and it has plans to put up a campus on A.B. Road 30 kms away from Thane. Company intend to reach a capacity of 2000 seats over the next two years.
latest developments
1. The Company has approved the acquisition of 50% stake in M/s Cynosure Enterprises Ltd (CEL), an e-Bike manufacturing company Based at Hyderabad. Cynosure Enterprises which started its operations for the first time in India in September 2006 and presently having two Plants in Hyderabad and Jaipur. By this acquisitions M/s Cynosure Enterprises Ltd will become a subsidiary of the Company.
2. The Company had approved to commence the assembly of e-Bikes at its Nashik plant and also take-up the assembling at other locations in India.
3. M/s Cynosure Enterprises Ltd has launched Docile plus model across the country and its product is well accepted in the market. CEL has Plans to Set up assembling of e-bikes across nine locations in India.
4. Mr. Anil Vedmehta, CMD of the Company has been authorized to sign and execute all the necessary documents, agreements, undertakings etc. pertaining to the acquisition of the stake.
concept stock buy small quantity's
a ISO 9001-2000 company, engaged in designs development and manufacturing of wide range of products, including telecom access products, Railway Signaling,MCCBs, and allied products in energy management arena, has inked an agreement with Logic eastern India Pvt. Ltd. for the manufacture of set-top boxes.
Logic eastern India Pvt. will transfer technology and know-how to MTL for the manufacture of these boxes. It will also customize the middleware applications software and offer a range of development services in the application domain.
Logic Eastern researches, designs, manufactures and provides integration services to services providers so as to enable them to introduce next-generation services in their networks. It manufactures high quality Set Top Boxes ( both DVB-C and IPTV ) , Switches and routers. LE's end to end Triple Play IPTV solution is designed for truly converged next generation networks that enable telecom carriers and cable operators to greatly enhance revenue and reduce customer churn.
“This partnership will allow us to address the requirements of the Rs 1000-crore markets for set-top boxes and middleware for interactive TV in India. We plan to scale up production from 15,000 set-top boxes in the first month to a 50,000 in four months,” said A B Vedmehta, Managing Director Mobile Telecommunications Limited. “We hope to garner at least a 20 percent market share.”
Mtl is also planning to install Digital Head-Ends in 55 cities and plans to obtain Mso licenses for B class cities and has already got an approval for its IP TV set top boxes from a leading IP TV service provider.
The set-top box from the company has been extended from purely enabling entertainment, to offering electronic communication and commerce, thereby enhancing its utility in households. Product support through proper after-sales service, vital for the successful implementation of CAS, will be provided. The Company will also provide services in various system engineering aspects such as WAN and LAN system architecture, design and support, system integration, broadcast network integration, broadcast
MTL is an established player in the field of information technology. At present, it is engaged in development and marketing of software packages and manufacturing EPBT (electronic push button telephones)
New Project and Business Development
Over the years Mobile Telecommunications Limited has got the process and planning in place by getting in to EMS activity. So the jurney was not rewarding but the break through to it has attained by implementing SMT line operation in the city of Nashik and working with the MNCs like Siemens, Schnider. ABB etc.. the Company was able to set certain standards in terms of quality and process.
Now the Company has started participating in tenders for various utility Companies directly i.e. it has got into APFC (Automatic Power Factor Controller) panels with the joint venture with Herodex Power Systems Pvt. Ltd.. and the Company has forayed into the energy- saving devices market. Company has plans to enter into the areas of Public Light and Energy Saving products, it aims to the number one ESCO (Energy Saving Company) of India.
BPO Industry
Quantum eServices Pvt. Ltd.. is a wholly owned subsidiary of Mobile Telecommunications Limited, and it has a beautiful 550 seater facility in Mindspace, Malad (W). Mumbai.
MTL is planning to enter into BPO space in a big way and the contract with one of the worlds big airline for its outsourcing requirement are underway.
The company expect to achieve a turnover of INR 60 Crores by BPO operations in next one year and it has plans to put up a campus on A.B. Road 30 kms away from Thane. Company intend to reach a capacity of 2000 seats over the next two years.
latest developments
1. The Company has approved the acquisition of 50% stake in M/s Cynosure Enterprises Ltd (CEL), an e-Bike manufacturing company Based at Hyderabad. Cynosure Enterprises which started its operations for the first time in India in September 2006 and presently having two Plants in Hyderabad and Jaipur. By this acquisitions M/s Cynosure Enterprises Ltd will become a subsidiary of the Company.
2. The Company had approved to commence the assembly of e-Bikes at its Nashik plant and also take-up the assembling at other locations in India.
3. M/s Cynosure Enterprises Ltd has launched Docile plus model across the country and its product is well accepted in the market. CEL has Plans to Set up assembling of e-bikes across nine locations in India.
4. Mr. Anil Vedmehta, CMD of the Company has been authorized to sign and execute all the necessary documents, agreements, undertakings etc. pertaining to the acquisition of the stake.
concept stock buy small quantity's
Friday, November 16, 2007
Uniflex cables limited (buy)
Uniflex cables limited on of the largest and leading company in India serving its customers since 1981 with its wide range of cables well known by brand name UNICAB। The plant is ideally located at Umbergaon, Dist. Valsad, Gujarat (India) just 140 kms. From Mumbai is well equipped with advance manufacturing and testing facilities having the largest range of electrical and telecommunication cables and has five major divisions.
THROUGH THE YEARS ...
1981 ESTABLISHED WITH ELASTOMERIC DIVISION
1990 INCORPORATED AS UNIFLEX CABLES LTD
1993 POWER CABLE DIVISION
1995 OPTICAL FIBER CABLE DIVISION
1996 JELLY FILLED (PIJF) CABLE DIVISION
1996 ISO 9002 CERTIFIED
1999 ISO 9001 CERTIFIED
2003 EXPORT house
Uniflex Cables Ltd is a leading manufacturer of Telecom & Power Cables in India. After serving the domestic market for more than 20 years, Uniflex entered the International Market last year. Today, the cables are being exported to more than 25 countries in Middle East, South East Asia, Africa, Australia, Russia and Europe. Backed by its dedicated Export Department & its representatives in various countries, Uniflex Cables has, the ability to dispatch material and & ensure that the immediate & ongoing needs of the clients are met- WORLD WIDE.
With it's tradition to satisfy all it's customers requirements, from Immediate demand to an integrated Cable Management-quickly, efficiently & competitively, Uniflex Cables combines material availability with technical expertise to develop the most cost effective cables and wires in order to meet the highly competitive international market
In just a period of less than a year Uniflex Cables has made a global presence in the International market. In a very short span it has managed to execute orders from around the globe. With an unrivalled track record for long-term support, excellent service and dedication to quality, many buyers in the International market have rated the company as the first and certain choice for wires and cables.
Uniflex Cables Ltd has informed that after becoming positive in Net worth as per Audited Accounts for the year ended June 30, 2006, the Company has moved an application before the BIFR Board for discharging the Company from the purview of the Act.
Further the Company has informed that, BIFR Board has considered the Company's Application and vide its order dated October 06, 2006 informed the Company that the Company stands discharged from the purview of the Act with immediate effect.
i am expecting 150cr turnover againest 28cr last year .and netprofit of 7.5 cr for current year
companys profit margin for last three quarters are 1.05% 2.3% 4.10 % margins may improve further . so current price is 41 . short term target for this scrip is 75.buy for next 6months .
THROUGH THE YEARS ...
1981 ESTABLISHED WITH ELASTOMERIC DIVISION
1990 INCORPORATED AS UNIFLEX CABLES LTD
1993 POWER CABLE DIVISION
1995 OPTICAL FIBER CABLE DIVISION
1996 JELLY FILLED (PIJF) CABLE DIVISION
1996 ISO 9002 CERTIFIED
1999 ISO 9001 CERTIFIED
2003 EXPORT house
Uniflex Cables Ltd is a leading manufacturer of Telecom & Power Cables in India. After serving the domestic market for more than 20 years, Uniflex entered the International Market last year. Today, the cables are being exported to more than 25 countries in Middle East, South East Asia, Africa, Australia, Russia and Europe. Backed by its dedicated Export Department & its representatives in various countries, Uniflex Cables has, the ability to dispatch material and & ensure that the immediate & ongoing needs of the clients are met- WORLD WIDE.
With it's tradition to satisfy all it's customers requirements, from Immediate demand to an integrated Cable Management-quickly, efficiently & competitively, Uniflex Cables combines material availability with technical expertise to develop the most cost effective cables and wires in order to meet the highly competitive international market
In just a period of less than a year Uniflex Cables has made a global presence in the International market. In a very short span it has managed to execute orders from around the globe. With an unrivalled track record for long-term support, excellent service and dedication to quality, many buyers in the International market have rated the company as the first and certain choice for wires and cables.
Uniflex Cables Ltd has informed that after becoming positive in Net worth as per Audited Accounts for the year ended June 30, 2006, the Company has moved an application before the BIFR Board for discharging the Company from the purview of the Act.
Further the Company has informed that, BIFR Board has considered the Company's Application and vide its order dated October 06, 2006 informed the Company that the Company stands discharged from the purview of the Act with immediate effect.
i am expecting 150cr turnover againest 28cr last year .and netprofit of 7.5 cr for current year
companys profit margin for last three quarters are 1.05% 2.3% 4.10 % margins may improve further . so current price is 41 . short term target for this scrip is 75.buy for next 6months .
Monday, November 12, 2007
Net 4 India Ltd. ( buy)
Net 4 India Ltd.:-
Net 4 India Ltd has informed that M/s. Bonnett Coleman & Co. Ltd., has agreed to invest in the Equity Shares of the Company to the tune of 500,000 equity shares of Rs 10/- each at a premium of Rs 90 per share; subject to the approval of the Board at Directors and also requisite compliance of the listing and SEBI Guidelines
Founded in 1999, by professionals from U.K., the company has grown multifold within a very short period of time. It has built several successful brands including 'Net4Domains' and 'Phonewala'.Today, Net4India in association with Trak Online Net India Pvt Ltd, is among the leading Internet services company in India and the largest provider of data center services and domain name registration in Asia Pacific. It has over 1, 50,000 unique clients and executes nearly 280 new transactions everyday.The Company headquarters are located in New Delhi (India) and has business offices in Ahmedabad, Bangalore, Chennai, Cochin, Coimbatore, Mumbai, Chandigarh, Delhi, Kolkata, Hyderabad and Pune. It operates its Internet Data Center facilities in 6 cities. These data centers are built using the world’s best technologies (Cisco, Intel, etc.) and are equipped with state-of-the-art security, monitoring and management systems. Net4 provides the following services:Consumer Services PC-Phone Calling Cards Call Shops Business Solutions Small Business Solutions Enterprise solutions VoIP Products Dial-up Devices Ethernet/Broadband Devices Multiport Devices Leased Line Services Broadband Access Fixed Wireless AccessWeb Presence ServicesData Centre ServicesCorporate Email Solutions
The company, which is part of the UK based Sawhney group of companies, will provide a number of value added services to the user giving end-to-end solutions. The services will include Internet access, e-mail, web hosting, e-commerce, web design, web strategy consulting and Internet marketing.
Net4 India will be offering assistance in strategising, consultancy, database distribution management and customer services.
i am expecting 5-7 rs e.p.s and consolidated eps of 10.rs. for full year .
buy with a price target 200 in six months
Net 4 India Ltd has informed that M/s. Bonnett Coleman & Co. Ltd., has agreed to invest in the Equity Shares of the Company to the tune of 500,000 equity shares of Rs 10/- each at a premium of Rs 90 per share; subject to the approval of the Board at Directors and also requisite compliance of the listing and SEBI Guidelines
Founded in 1999, by professionals from U.K., the company has grown multifold within a very short period of time. It has built several successful brands including 'Net4Domains' and 'Phonewala'.Today, Net4India in association with Trak Online Net India Pvt Ltd, is among the leading Internet services company in India and the largest provider of data center services and domain name registration in Asia Pacific. It has over 1, 50,000 unique clients and executes nearly 280 new transactions everyday.The Company headquarters are located in New Delhi (India) and has business offices in Ahmedabad, Bangalore, Chennai, Cochin, Coimbatore, Mumbai, Chandigarh, Delhi, Kolkata, Hyderabad and Pune. It operates its Internet Data Center facilities in 6 cities. These data centers are built using the world’s best technologies (Cisco, Intel, etc.) and are equipped with state-of-the-art security, monitoring and management systems. Net4 provides the following services:Consumer Services PC-Phone Calling Cards Call Shops Business Solutions Small Business Solutions Enterprise solutions VoIP Products Dial-up Devices Ethernet/Broadband Devices Multiport Devices Leased Line Services Broadband Access Fixed Wireless AccessWeb Presence ServicesData Centre ServicesCorporate Email Solutions
The company, which is part of the UK based Sawhney group of companies, will provide a number of value added services to the user giving end-to-end solutions. The services will include Internet access, e-mail, web hosting, e-commerce, web design, web strategy consulting and Internet marketing.
Net4 India will be offering assistance in strategising, consultancy, database distribution management and customer services.
i am expecting 5-7 rs e.p.s and consolidated eps of 10.rs. for full year .
buy with a price target 200 in six months
Wednesday, October 31, 2007
Godfrey Phillips India Ltd buy
Background
Godfrey Phillips is today the second largest player in the Indian cigarette industry with an annual turnover of over US$ 265 million. Incorporated in India in 1936, the Company established its own manufacturing facilities in 1944. Today, the operations span the entire northern and western part of the country, with two manufacturing facilities located in Ghaziabad (near Delhi) and in Andheri (Mumbai), a state of the art R&D centre in Mumbai and a tobacco-buying unit in Guntur (Andhra Pradesh). Headquartered in Delhi, the Company has its sales offices across the country at Ahmedabad, Mumbai, Delhi, Chandigarh and Hyderabad.
The R&D facility is recognized by the Department of Science & Technology, Government of India, and is one of a kind in India.
Godfrey Phillips has for the last 10 years used the Haichi-Ban, 5S, Kaizen Teian (a continuous improvement programme) & TQM (Total Quality Management) procedures.
Godfrey Phillips has two major stakeholders, one of India's leading industrial houses - the K.K. Modi Group and one of the World's largest tobacco companies, Philip Morris, USA. Godfrey Phillips has the strong backing of over 15,000 shareholders in the Country.
History
From its modest beginning in London way back in 1844, Godfrey Phillips, a major player in the Indian tobacco industry today, has come a long way.
Mr. Godfrey Phillips, founder of Godfrey Phillips & Sons commenced business in the Barbican (London), as a Cigar manufacturer in 1844. Messrs Godfrey Phillips, D.H. Wilmer and H.C. Water incorporated Godfrey Phillips India as a Private Ltd. Co. on 3rd December 1936. The Company imported cigarettes from Godfrey Phillips Ltd. U.K. In 1944, after the war, Godfrey Phillips bought Master Tobacco Co., Chakala, Andheri (Mumbai) thereby establishing its first factory in the Country. In October 1946, Godfrey Phillips became a Public Ltd. Co. with its manufacturing operations in Mumbai.Godfrey Phillips was then primarily a manufacturing company and made cigarette brands like Cavanders, Abdulla No. 7, Dereske, Marcovich, Red & White. In 1951/52 Godfrey Phillips UK bought out George Dobie & Son's, famous Four Square brand. In 1967, D. Macropolo & Co., which was the sole selling agent for Godfrey Phillips, opened a subsidiary company called "International Tobacco Co.", with its manufacturing facility in Ghaziabad (near Delhi) to manufacture cigarettes for Godfrey Phillips.In 1967-68, Philip Morris acquired substantial holding in Godfrey Phillips Ltd., U.K. and Godfrey Phillips Investment Corporation which was holding substantial shares of Godfrey Phillips India Ltd. It also acquired large share holding interest in George Dobie & Sons. Thus in 1968, Godfrey Phillips Ltd., U.K., George Dobie & Sons, and Godfrey Phillips became affiliates of Philip Morris.In 1973 Godfrey Phillips, successfully launched Four Square Kings, India's first King Size filter cigarette.
In 1979, Philip Morris joined hands with the K.K. Modi Group and in the following year the Modi Enterprises took over the management of Godfrey Phillips with a substantial financial stake.
Key Brands The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.
Key Brands
The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.
it has huge cash reserves i am expecting open offer at 2500 rs.
Godfrey Phillips is today the second largest player in the Indian cigarette industry with an annual turnover of over US$ 265 million. Incorporated in India in 1936, the Company established its own manufacturing facilities in 1944. Today, the operations span the entire northern and western part of the country, with two manufacturing facilities located in Ghaziabad (near Delhi) and in Andheri (Mumbai), a state of the art R&D centre in Mumbai and a tobacco-buying unit in Guntur (Andhra Pradesh). Headquartered in Delhi, the Company has its sales offices across the country at Ahmedabad, Mumbai, Delhi, Chandigarh and Hyderabad.
The R&D facility is recognized by the Department of Science & Technology, Government of India, and is one of a kind in India.
Godfrey Phillips has for the last 10 years used the Haichi-Ban, 5S, Kaizen Teian (a continuous improvement programme) & TQM (Total Quality Management) procedures.
Godfrey Phillips has two major stakeholders, one of India's leading industrial houses - the K.K. Modi Group and one of the World's largest tobacco companies, Philip Morris, USA. Godfrey Phillips has the strong backing of over 15,000 shareholders in the Country.
History
From its modest beginning in London way back in 1844, Godfrey Phillips, a major player in the Indian tobacco industry today, has come a long way.
Mr. Godfrey Phillips, founder of Godfrey Phillips & Sons commenced business in the Barbican (London), as a Cigar manufacturer in 1844. Messrs Godfrey Phillips, D.H. Wilmer and H.C. Water incorporated Godfrey Phillips India as a Private Ltd. Co. on 3rd December 1936. The Company imported cigarettes from Godfrey Phillips Ltd. U.K. In 1944, after the war, Godfrey Phillips bought Master Tobacco Co., Chakala, Andheri (Mumbai) thereby establishing its first factory in the Country. In October 1946, Godfrey Phillips became a Public Ltd. Co. with its manufacturing operations in Mumbai.Godfrey Phillips was then primarily a manufacturing company and made cigarette brands like Cavanders, Abdulla No. 7, Dereske, Marcovich, Red & White. In 1951/52 Godfrey Phillips UK bought out George Dobie & Son's, famous Four Square brand. In 1967, D. Macropolo & Co., which was the sole selling agent for Godfrey Phillips, opened a subsidiary company called "International Tobacco Co.", with its manufacturing facility in Ghaziabad (near Delhi) to manufacture cigarettes for Godfrey Phillips.In 1967-68, Philip Morris acquired substantial holding in Godfrey Phillips Ltd., U.K. and Godfrey Phillips Investment Corporation which was holding substantial shares of Godfrey Phillips India Ltd. It also acquired large share holding interest in George Dobie & Sons. Thus in 1968, Godfrey Phillips Ltd., U.K., George Dobie & Sons, and Godfrey Phillips became affiliates of Philip Morris.In 1973 Godfrey Phillips, successfully launched Four Square Kings, India's first King Size filter cigarette.
In 1979, Philip Morris joined hands with the K.K. Modi Group and in the following year the Modi Enterprises took over the management of Godfrey Phillips with a substantial financial stake.
Key Brands The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.
Key Brands
The Company today is the proud owner of some of the most popular cigarette brands in the country like Red & White, Four Square, Jaisalmer, Cavanders, Tipper and Prince. Its products are distributed through an extensive India wide network comprising 484 exclusive distributors and over 800,000 retail outlets.
it has huge cash reserves i am expecting open offer at 2500 rs.
Sunday, October 28, 2007
Galaxy Entertainment Corporation Ltd BUY
Galaxy Entertainment Corporation(GECL).
a public limited company is India's premier professionaly managed leisure and entertainment organisation. It operates South Asia's largest state of the art premium family entertainment centre. This entertainment centre at Mumbai comprises Bowling and other game facility, bars and banquet halls. GECL is a unique JV partnership created by The Chatterjee Group, a leading venture capitalist and the Ruias, the owners of Phoenix Mills, where the entertainment centre functions.
from last year annual report
Your Company proposes to expand the existing business operations by opening more Family Entertainment Centres (FECs) and Sports Bar in different states of the Country. The Company has sold/transferred the restaurant division "Rain Bar + Eatery" on slump sale basis to its wholly owned subsidiary namely Galaxy Lifestyle Restaurants Limited.
During the period under review, your Company has entered into a Joint Venture with M/s. Ridge Foods, a division of Ridge Hospitals Private Limited. The proposed Joint Venture has been set up under a new Company namely RAIN FRUITS & MORE PRIVATE LIMITED.
Barring unforeseen circumstances, your Directors are optimistic of reporting better results in the current year.
OPEN OFFER
In accordance with the requirements of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, Pantaloon Retail (India) Limited consequent to acquisition of 20 lac equity shares on preferential basis had made a Public Announcement on 23rd February, 2005 to acquire up to 25,42,400 Equity Shares representing 20% of the total paid up equity share capital of the company at a price of Rs.51/- per share. Accordingly, the said acquirer party has during the period under review made an open offer for acquiring the aforesaid shares.
the company price has fallen from all time high 420 on 2005 to 76 . present price 82. to open offer price51 u have risk of 30 rs if u take 30rs risk u will get 300% return for a year time
company performance was started from i quarter .so take a chance
attention :- it has posted loss (63laks)for this quarter causing high Depreciation but achived turnover17 cr againest 7cr last year . hold for one -two years. for better returns
a public limited company is India's premier professionaly managed leisure and entertainment organisation. It operates South Asia's largest state of the art premium family entertainment centre. This entertainment centre at Mumbai comprises Bowling and other game facility, bars and banquet halls. GECL is a unique JV partnership created by The Chatterjee Group, a leading venture capitalist and the Ruias, the owners of Phoenix Mills, where the entertainment centre functions.
from last year annual report
Your Company proposes to expand the existing business operations by opening more Family Entertainment Centres (FECs) and Sports Bar in different states of the Country. The Company has sold/transferred the restaurant division "Rain Bar + Eatery" on slump sale basis to its wholly owned subsidiary namely Galaxy Lifestyle Restaurants Limited.
During the period under review, your Company has entered into a Joint Venture with M/s. Ridge Foods, a division of Ridge Hospitals Private Limited. The proposed Joint Venture has been set up under a new Company namely RAIN FRUITS & MORE PRIVATE LIMITED.
Barring unforeseen circumstances, your Directors are optimistic of reporting better results in the current year.
OPEN OFFER
In accordance with the requirements of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, Pantaloon Retail (India) Limited consequent to acquisition of 20 lac equity shares on preferential basis had made a Public Announcement on 23rd February, 2005 to acquire up to 25,42,400 Equity Shares representing 20% of the total paid up equity share capital of the company at a price of Rs.51/- per share. Accordingly, the said acquirer party has during the period under review made an open offer for acquiring the aforesaid shares.
the company price has fallen from all time high 420 on 2005 to 76 . present price 82. to open offer price51 u have risk of 30 rs if u take 30rs risk u will get 300% return for a year time
company performance was started from i quarter .so take a chance
attention :- it has posted loss (63laks)for this quarter causing high Depreciation but achived turnover17 cr againest 7cr last year . hold for one -two years. for better returns
Thursday, October 25, 2007
Denison Hydraulics India Ltd. BUY
PROMOTERS OF THE COMPANY
The Company was promoted by Sri. V C Janardan Rao who had earlier set up M/s. Veljan Hydrair Limited in 1966. Sri. Rao and Veljan Hydrair were selected by the Denison Division of Abex Corporation, USA to set up the venture of Denison Hydraulics India Limited to manufacture High Pressure Hydraulic Components and Systems.
Sri. V C Janardan Rao, aged 61 years is a qualified and experience Engineer with specialisation in the area of Fluid Power. Recognising Sri. Rao's achievements and that of Veljan, M/s Abex Corporation, USA through its Denison Division, selected Sri. Rao and Veljan as the Indian promoter from amongst several others, to setup the new venture of Denison Hydraulics India Limited to manufacture High Pressure Hydraulic Components and Systems.
In the year 1986-87, the Abex Corporation transferred their interest in the Denison Division to M/s. AB Hagglund & Soner of Sweden and since then the Denison Division came to be know as Hagglunds Denison worldwide.
As a result of the acquisition of the Denison Division by AB Hugglund & Soner from the Abex Corporation, AB Hugglund & Soner, Sweden have reaffirmed their continued technical support and help to the company covering all the products for which Know-how and the Collaboration Agreements were earlier entered into by the Company with the Abex Corporation.
The name of the company was also changed in the year 1988-99 from Denison Hydraulics India Limited to Hugglund Denison Limited to reflect its association with Hagglunds. The 2,34,000 Equity shares are held by M/s Incentive Fastighet AB AS ON 31ST October, 2000.
Veljan Hydrair Limited was promoted by Sri V C Janardan Rao in the year 1996. The Company is a closely held Public Limited Company. The Company is engaged in the manufacture of Pneumatic Equipments and Hydraulic Cylinders. The Company has been operating successfully and profitably.
earnings lat year . on 1.8cr eq netprofit was 5.80cr (32.e.p.s.). for nine months it has posted 6.25cr (34.7 e.p.s) i am expecting 3.5 cr on last quarter. so full year e.p.s could be 55 rs e.p.s .
share holding
Foreign Holdings 13.01
Corporate Bodies 0.43
Directors and their Relatives 73.1
Other including Indian Public 13.47
so lo liquidity . but with high reserves could give bonus for this year .
scrip may tuch 1000 shortly .
The Company was promoted by Sri. V C Janardan Rao who had earlier set up M/s. Veljan Hydrair Limited in 1966. Sri. Rao and Veljan Hydrair were selected by the Denison Division of Abex Corporation, USA to set up the venture of Denison Hydraulics India Limited to manufacture High Pressure Hydraulic Components and Systems.
Sri. V C Janardan Rao, aged 61 years is a qualified and experience Engineer with specialisation in the area of Fluid Power. Recognising Sri. Rao's achievements and that of Veljan, M/s Abex Corporation, USA through its Denison Division, selected Sri. Rao and Veljan as the Indian promoter from amongst several others, to setup the new venture of Denison Hydraulics India Limited to manufacture High Pressure Hydraulic Components and Systems.
In the year 1986-87, the Abex Corporation transferred their interest in the Denison Division to M/s. AB Hagglund & Soner of Sweden and since then the Denison Division came to be know as Hagglunds Denison worldwide.
As a result of the acquisition of the Denison Division by AB Hugglund & Soner from the Abex Corporation, AB Hugglund & Soner, Sweden have reaffirmed their continued technical support and help to the company covering all the products for which Know-how and the Collaboration Agreements were earlier entered into by the Company with the Abex Corporation.
The name of the company was also changed in the year 1988-99 from Denison Hydraulics India Limited to Hugglund Denison Limited to reflect its association with Hagglunds. The 2,34,000 Equity shares are held by M/s Incentive Fastighet AB AS ON 31ST October, 2000.
Veljan Hydrair Limited was promoted by Sri V C Janardan Rao in the year 1996. The Company is a closely held Public Limited Company. The Company is engaged in the manufacture of Pneumatic Equipments and Hydraulic Cylinders. The Company has been operating successfully and profitably.
earnings lat year . on 1.8cr eq netprofit was 5.80cr (32.e.p.s.). for nine months it has posted 6.25cr (34.7 e.p.s) i am expecting 3.5 cr on last quarter. so full year e.p.s could be 55 rs e.p.s .
share holding
Foreign Holdings 13.01
Corporate Bodies 0.43
Directors and their Relatives 73.1
Other including Indian Public 13.47
so lo liquidity . but with high reserves could give bonus for this year .
scrip may tuch 1000 shortly .
Saturday, October 20, 2007
Indag Rubber Ltd .(buy)
Indag Rubber Ltd. (Indag) is a joint venture between the Sun Group
headed by Mr. Nand Khemka and Bandag Inc., US and is a leading
tyre retreading company in India.
Sun Group headed by Mr. Nand Khemka, has a large brewery
business in Russia. The group had also launched Sun F&C Mutual
Fund in India. The Group is also involved in various other businesses
in India and Russia which include Aviation, IT and Financial Services
share holding
Foreign Holdings 0.51
Govt. / Financial Institutions 0.04
Corporate Bodies(not covered above) 4.6
Directors and their Relatives 80.59
Other including Indian Public 14.26
earning 8 e.p.s for 2007. expecting e.p.s of 15 for fy 08
current market price 50
target price 75
headed by Mr. Nand Khemka and Bandag Inc., US and is a leading
tyre retreading company in India.
Sun Group headed by Mr. Nand Khemka, has a large brewery
business in Russia. The group had also launched Sun F&C Mutual
Fund in India. The Group is also involved in various other businesses
in India and Russia which include Aviation, IT and Financial Services
share holding
Foreign Holdings 0.51
Govt. / Financial Institutions 0.04
Corporate Bodies(not covered above) 4.6
Directors and their Relatives 80.59
Other including Indian Public 14.26
earning 8 e.p.s for 2007. expecting e.p.s of 15 for fy 08
current market price 50
target price 75
Wednesday, October 17, 2007
Artson Engineering Ltd
ARTSON ENGINEERING LIMITED (AEL) was established in the year 1978 by three technocrats namely; Mr. N.K.Jagasia, Mr. P.S.Chopde and Mr. Kiran B.Kakatkar. All of them graduate engineers. Mr. Chopde & Mr Kakatkar have a post graduate degree in Business Management. Mr. N.K.Jagasia and Mr. P.S.Chopde were working with Hindustan Petroleum Corporation Limited in their refinery before promoting this company.
At the time of the establishment of the company, in 1978 the refineries had started using Bombay High Crude, which gave a waxy product called Low Sulphur Heavy Stock ( LSHS) , as residual fuel oil. LSHS has very high pour point. Artson did pioneering work and developed products and systems to convert the existing fuel firing systems of industry to make it suitable to use LSHS. AEL has successfully commissioned on turnkey basis more than hundred such fuel systems in the country. This led to AEL being one of the foremost companies in the country, specializing in petroleum storage and handling systems. This expertise was then expanded and
AEL executed overseas projects.
Artson went on developing its capabilities in multi disciplinary construction for the Hydrocarbon Process Industry and is one of the leading Design, Engineering, Procurement and Construction Companies with a sound manufacturing base.
MILESTONES
2005
Construction of Storage Tanks at Essar Oil Refinery, Jamnagar for M/s.Essar Projects Ltd. Fire Protection System for Product & Intermediate Tanks at Essar Oil Refinery, Jamnagar for M/s.Essar Projects Ltd.Construction of Tanks for Buhasa Oil Field Facility Development Project for M/s.Cylingas LLC., a local Company owned by ENOC.
2004
Construction of Tanks for Airport ATF Project at Dubai Airport Expansion Project for M/s.Cylingas LLC., a local Company owned by ENOC.
2003
Manpower supply for construction of Storage tank to Cylingas LLC.,Dubai for their EPPCO additional storage terminal at Fujairah Port, UAETechnical consultancy for Manpower supplyfor ESSAR OIL for their Retail Outlet
2002/2001
Contract. Design, Engineering, Supply and Construction of Floating Roof, Cone Roof and Cone Cum Floating Roof tank along with fire fighting system for CPCL –Manali, Chennai, Tamil Nadu Design, Engineering, Supply and Construction of Dome Roof Storage tank as per API 620 along with fire fighting system for ONGC,Uran Maharashtra
2000
Design, Engineering, Supply, Pre-Fabrication, Packing & Delivery of large storage tanks in CKD condition to FOB Mumbai for ALSTOM Power Plants Ltd., UK. For their power plant projects of HO-Ping Power at Taiwan.
1999
Design, Engineering, Supply & Construction of Petroleum Oil & Lubricant Depot (POL Depot) on turnkey basis including Civil, Mechanical, Electrical & Instrumentation Works for IBP CO. Ltd. at Sidhpur, North, Gujarat.
1998
Design, Engineering & Construction of main Crude Tanks of 65 M dia x 20 M ht– 6 Nos. for M/s Mangalore Refineries & Petrochemicals Ltd. along with Erection of Hydrogen Plant and Offsite Plant Utility Piping at Mangalore refinery Karnataka.
1997
Design, Engineering Procurement and Construction of FCCU Revamp EPC Project for HPCL in an running Refinery at Mahul, Mumbai.
1996
Planning, Designing, Constructing and Commissioning of Phospheric Acid terminal for Deepak Fertilizers & Petrochemicals Ltd. at JNPT Mumbai. Planning and Designing of LPG terminal at Porbandar for IMS Petrogas Mumbai. Planning , Designing and execution of Sea Lord Liquid Chemical Storage Terminal at Mumbai port.
1995
Establishment of full fledged design engineering group supported with CAD/CAM facility.Cryogenic Double Wall Tank Construction for LPG at Aegis Chemical Mumbai, two tanks of 10,000 MT capacity each at Mumbai Port.
1994
Tankage Contracts for Managalore and Panipat Refineries – Approx 20,000 Tonnes Steel Work.Cryogenic Double Wall Tank Construction for LPG at Kandla 15600 Tonnes Capacity.LPG – Equipment Division at Nasik to manufacture LPG Bottling Machinery, Bullets, Spheres and connected activities of Cryogenic Tanks Construction.Turnkey Contracts for POL Terminal for LPG/Petroleum/Chemicals at Ports.
1993
Overseas - Projects Executed.Refinery shutdown at Cyprus – supply of temporary technical services by deputing specialized personnel.BHEL – AL –ARISH,EGYPT, - Design, Engineering and supply of materials for fuel oil storage & handling system.Piping and Tankage job at Cyprus Refinery for Tata Exports Ltd.
1992
Erection / Welding of 4 Nos. WHRSG for 2 x 300 MW GT project for Alsthom at NTPC , Kawas.Tankage contract for Design/Construction of 36 M dia and smaller Floating Roof Tanks for Indo Burma Petroleum Maiden Public issue oversubscribed 9.5 times.Finolex – piping for Ethylene Terminal including jetty lines under Llyods Inspection.
1991
ONGC, Uran – C2/C3 piping for NKK, Japan
1990
Manufacturing and Erection of Waste Heat Steam Generators (Stork Design) alongwith piping in HDPE/LLDP plants, for Reliance Industries Ltd., Hazira.Setting up manufacturing facility at Nasik as back up for EPC projects. Tankage contract for Lube Expansion project for Madras Refineries Limited under supervision by Engineers India Limited.
1989
Successfully utilized Hydraulic Jacking System in construction of Large Diameter Tanks.Major Heat Tracing job for Steel Plant in South India.Major Port Terminal facilities including Jetty Piping for Ports.
1988
Xylene Expansion Project of IPCL under Supervision by Engineers India Limited in an operating Petrochemicals unit. Construction Contract for Floating Roof Tanks for Alsthom Export.
1986
Development of various products like floating Suction Assemblies, Finned Tube Floor Heating Catridge Heaters, Outflow & Immersion Electric Heaters.Tie up with Chromolox Emersion Electric of USA for using their Electrical heat Tracing Products.
1984
Creation of Construction Division to undertake construction contracts in Piping Equipment Erection , Tankage etc.
1983
AEL’s stresses on Quality Control, Safety, Timely Execution of the Project. AEL Design Engineering and fabrication is carried out to International standards such as :
ASME, API,ANSI, BS,NFPA,I.S.
1978
AEL carried out jobs under National & International Third Party Inspection Agencies such as
Bureau Veritas, Engineers India Ltd., Llyods India, Kevrner Power Gas, Uhde India Ltd., Humphrey & Glasgow, Development Consultants India Ltd., Project Development Indian Ltd., Tata Consulting Ltd. etc.
Artson has in house resources of staff, machinery, workforce including qualified welders to handle large magnitude orders.
At the time of the establishment of the company, in 1978 the refineries had started using Bombay High Crude, which gave a waxy product called Low Sulphur Heavy Stock ( LSHS) , as residual fuel oil. LSHS has very high pour point. Artson did pioneering work and developed products and systems to convert the existing fuel firing systems of industry to make it suitable to use LSHS. AEL has successfully commissioned on turnkey basis more than hundred such fuel systems in the country. This led to AEL being one of the foremost companies in the country, specializing in petroleum storage and handling systems. This expertise was then expanded and
AEL executed overseas projects.
Artson went on developing its capabilities in multi disciplinary construction for the Hydrocarbon Process Industry and is one of the leading Design, Engineering, Procurement and Construction Companies with a sound manufacturing base.
MILESTONES
2005
Construction of Storage Tanks at Essar Oil Refinery, Jamnagar for M/s.Essar Projects Ltd. Fire Protection System for Product & Intermediate Tanks at Essar Oil Refinery, Jamnagar for M/s.Essar Projects Ltd.Construction of Tanks for Buhasa Oil Field Facility Development Project for M/s.Cylingas LLC., a local Company owned by ENOC.
2004
Construction of Tanks for Airport ATF Project at Dubai Airport Expansion Project for M/s.Cylingas LLC., a local Company owned by ENOC.
2003
Manpower supply for construction of Storage tank to Cylingas LLC.,Dubai for their EPPCO additional storage terminal at Fujairah Port, UAETechnical consultancy for Manpower supplyfor ESSAR OIL for their Retail Outlet
2002/2001
Contract. Design, Engineering, Supply and Construction of Floating Roof, Cone Roof and Cone Cum Floating Roof tank along with fire fighting system for CPCL –Manali, Chennai, Tamil Nadu Design, Engineering, Supply and Construction of Dome Roof Storage tank as per API 620 along with fire fighting system for ONGC,Uran Maharashtra
2000
Design, Engineering, Supply, Pre-Fabrication, Packing & Delivery of large storage tanks in CKD condition to FOB Mumbai for ALSTOM Power Plants Ltd., UK. For their power plant projects of HO-Ping Power at Taiwan.
1999
Design, Engineering, Supply & Construction of Petroleum Oil & Lubricant Depot (POL Depot) on turnkey basis including Civil, Mechanical, Electrical & Instrumentation Works for IBP CO. Ltd. at Sidhpur, North, Gujarat.
1998
Design, Engineering & Construction of main Crude Tanks of 65 M dia x 20 M ht– 6 Nos. for M/s Mangalore Refineries & Petrochemicals Ltd. along with Erection of Hydrogen Plant and Offsite Plant Utility Piping at Mangalore refinery Karnataka.
1997
Design, Engineering Procurement and Construction of FCCU Revamp EPC Project for HPCL in an running Refinery at Mahul, Mumbai.
1996
Planning, Designing, Constructing and Commissioning of Phospheric Acid terminal for Deepak Fertilizers & Petrochemicals Ltd. at JNPT Mumbai. Planning and Designing of LPG terminal at Porbandar for IMS Petrogas Mumbai. Planning , Designing and execution of Sea Lord Liquid Chemical Storage Terminal at Mumbai port.
1995
Establishment of full fledged design engineering group supported with CAD/CAM facility.Cryogenic Double Wall Tank Construction for LPG at Aegis Chemical Mumbai, two tanks of 10,000 MT capacity each at Mumbai Port.
1994
Tankage Contracts for Managalore and Panipat Refineries – Approx 20,000 Tonnes Steel Work.Cryogenic Double Wall Tank Construction for LPG at Kandla 15600 Tonnes Capacity.LPG – Equipment Division at Nasik to manufacture LPG Bottling Machinery, Bullets, Spheres and connected activities of Cryogenic Tanks Construction.Turnkey Contracts for POL Terminal for LPG/Petroleum/Chemicals at Ports.
1993
Overseas - Projects Executed.Refinery shutdown at Cyprus – supply of temporary technical services by deputing specialized personnel.BHEL – AL –ARISH,EGYPT, - Design, Engineering and supply of materials for fuel oil storage & handling system.Piping and Tankage job at Cyprus Refinery for Tata Exports Ltd.
1992
Erection / Welding of 4 Nos. WHRSG for 2 x 300 MW GT project for Alsthom at NTPC , Kawas.Tankage contract for Design/Construction of 36 M dia and smaller Floating Roof Tanks for Indo Burma Petroleum Maiden Public issue oversubscribed 9.5 times.Finolex – piping for Ethylene Terminal including jetty lines under Llyods Inspection.
1991
ONGC, Uran – C2/C3 piping for NKK, Japan
1990
Manufacturing and Erection of Waste Heat Steam Generators (Stork Design) alongwith piping in HDPE/LLDP plants, for Reliance Industries Ltd., Hazira.Setting up manufacturing facility at Nasik as back up for EPC projects. Tankage contract for Lube Expansion project for Madras Refineries Limited under supervision by Engineers India Limited.
1989
Successfully utilized Hydraulic Jacking System in construction of Large Diameter Tanks.Major Heat Tracing job for Steel Plant in South India.Major Port Terminal facilities including Jetty Piping for Ports.
1988
Xylene Expansion Project of IPCL under Supervision by Engineers India Limited in an operating Petrochemicals unit. Construction Contract for Floating Roof Tanks for Alsthom Export.
1986
Development of various products like floating Suction Assemblies, Finned Tube Floor Heating Catridge Heaters, Outflow & Immersion Electric Heaters.Tie up with Chromolox Emersion Electric of USA for using their Electrical heat Tracing Products.
1984
Creation of Construction Division to undertake construction contracts in Piping Equipment Erection , Tankage etc.
1983
AEL’s stresses on Quality Control, Safety, Timely Execution of the Project. AEL Design Engineering and fabrication is carried out to International standards such as :
ASME, API,ANSI, BS,NFPA,I.S.
1978
AEL carried out jobs under National & International Third Party Inspection Agencies such as
Bureau Veritas, Engineers India Ltd., Llyods India, Kevrner Power Gas, Uhde India Ltd., Humphrey & Glasgow, Development Consultants India Ltd., Project Development Indian Ltd., Tata Consulting Ltd. etc.
Artson has in house resources of staff, machinery, workforce including qualified welders to handle large magnitude orders.
Monday, October 15, 2007
SMART BUYS FOR THIS MONTH
T.RF. 1250 1317 1383 1442 1480 1500 1787 2000
INDAG RUBBER 50 TARGET 75
INDSIL ELECTRO SMELT (61) TARGET 100
AVANTEL SOFT (60) FOR TARGET OF 150 IN 2 MONTHS
TECHNICAL LEVELS 51 56.50 61.05 64.85 65.75 71.8 80 89 94.5 99 102.7 .103. 5
109.8-117.90 141.4 179 202 240
INDAG RUBBER 50 TARGET 75
INDSIL ELECTRO SMELT (61) TARGET 100
AVANTEL SOFT (60) FOR TARGET OF 150 IN 2 MONTHS
TECHNICAL LEVELS 51 56.50 61.05 64.85 65.75 71.8 80 89 94.5 99 102.7 .103. 5
109.8-117.90 141.4 179 202 240
Wednesday, October 3, 2007
close eye stocks
1.Radha Madhav Corporation Ltd BUY
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RMCL is a techno-driven company with state of the art facilities for production. Company has thrived on its technological edge and its extensive research and development. Activities of RMCL can be divided into two areas; Primary Packaging and Secondary Packaging. Primary Packaging is again divided into Flexible division and Folded Carton division while secondary packaging includes products like liners, specialty thermoformable films, cartons and various profiles for varied applications.
With in house manufacturing of barrier cast and blown films, metallization arrangements, lamination, gravure coating, extrusion coating, and good printing facility; RMCL presently manufactures surface printed barrier films, metallized films, laminates, wrappers, overwrap films and lamination films of varied types. It also manufactures multi colored printed mono cartons of very high quality.
RMCL also commands a leader’s position in secondary packaging with a product portfolio of stretch cast films, BOPP tapes, masking film, soft blister films, commodity liners of various materials like PE, PVC and PP.
RMCL has acquired the existing three firms’ viz. Mayura Industries, Radha Madhav Industries, Metro Polyprints and further increase the capacities in the manufacturing of three layered blown films, printing of films, printing mono cartons and cast films. New products like five layered films with nylon and EVOH, high end flexo printed materials, laminated pouches and rolls, coated materials will be added.
Mayura Industries is involved in manufacturing of barrier multilayer blown films, multilayered blown films used in packing liquids, food and for lamination with other substrates like polyester and BOPP. This firm has been catering to converting industry. Recently company has acquired offset printing machines made in Germany and Switzerland to manufacture multicolored printed mono cartons.
Metro Polyprints is manufacturing cast films used as barrier film, or films for printing. Stretch films, films for soft blistering and other over wrap films are produced by the firm. Metro also produces polypropylene bags and liners. Radha Madhav Industries is involved in manufacturing of paper cores, cones, and tubes for POY, DTY and textile, multicolor printed stationary and polypropylene bags.
CLIENTS:- a Reliance Industries Ltd.a Bratiania Industries Ltd.a Hindustan Levera Crompton Greves Ltd,a Hindustan Petroleuma State Bank of Indiaa Hindalco Industriesa Bank of Barodaa Parle Productsa Birla White Cementa Jyothy Laboratoriesa Gujrat State Electricity Boarda Heinz India Ltd.a Garden Silks Millsa Cello Groupa Somani Tilesa SKF Bearings Ltd.a Mahananda Dairya Coca Colaa Micro inksa Rupa Garments
Refex Refrigerants is a specialist refiller and distributor of Refrigerant gases in India particularly, environmentally acceptable gases that are replacements for chloro-fluoro-carbons (CFC's). These Refex Refills Refrigerants are used primarily as refrigerants, foam blowing agents and aerosol propellants.
RRL exercise superior quality control and efficiency with the aid of sophisticated and novel computer technology. Refex is committed to the responsible treatment of both human beings and the environment: the standards it upholds-governing quality, environmental protection, and product and workplace safety are documented in guidelines for the various business segments and form an integral part of the Group's corporate strategy.
Refex is committed to being an exemplary player in terms of safety, protection of health and the environment, and sustainable development. The Group's policy is underpinned by strong values shared across the Company: spirit of initiative, commitment to progress, professionalism, solidarity, openness, and dialogue.
For a number of years, Refex has been committed to a continuous improvement approach concerning safety and the protection of health and the environment, with three paramount objectives.
Refex Refrigerants sees FY08 net above Rs 15cr on equity of 11.4cr
fy08 eps could be 13.5 c.m.p of 67 r.s works out just 5.p.e only
-------------------------------------
RMCL is a techno-driven company with state of the art facilities for production. Company has thrived on its technological edge and its extensive research and development. Activities of RMCL can be divided into two areas; Primary Packaging and Secondary Packaging. Primary Packaging is again divided into Flexible division and Folded Carton division while secondary packaging includes products like liners, specialty thermoformable films, cartons and various profiles for varied applications.
With in house manufacturing of barrier cast and blown films, metallization arrangements, lamination, gravure coating, extrusion coating, and good printing facility; RMCL presently manufactures surface printed barrier films, metallized films, laminates, wrappers, overwrap films and lamination films of varied types. It also manufactures multi colored printed mono cartons of very high quality.
RMCL also commands a leader’s position in secondary packaging with a product portfolio of stretch cast films, BOPP tapes, masking film, soft blister films, commodity liners of various materials like PE, PVC and PP.
RMCL has acquired the existing three firms’ viz. Mayura Industries, Radha Madhav Industries, Metro Polyprints and further increase the capacities in the manufacturing of three layered blown films, printing of films, printing mono cartons and cast films. New products like five layered films with nylon and EVOH, high end flexo printed materials, laminated pouches and rolls, coated materials will be added.
Mayura Industries is involved in manufacturing of barrier multilayer blown films, multilayered blown films used in packing liquids, food and for lamination with other substrates like polyester and BOPP. This firm has been catering to converting industry. Recently company has acquired offset printing machines made in Germany and Switzerland to manufacture multicolored printed mono cartons.
Metro Polyprints is manufacturing cast films used as barrier film, or films for printing. Stretch films, films for soft blistering and other over wrap films are produced by the firm. Metro also produces polypropylene bags and liners. Radha Madhav Industries is involved in manufacturing of paper cores, cones, and tubes for POY, DTY and textile, multicolor printed stationary and polypropylene bags.
CLIENTS:- a Reliance Industries Ltd.a Bratiania Industries Ltd.a Hindustan Levera Crompton Greves Ltd,a Hindustan Petroleuma State Bank of Indiaa Hindalco Industriesa Bank of Barodaa Parle Productsa Birla White Cementa Jyothy Laboratoriesa Gujrat State Electricity Boarda Heinz India Ltd.a Garden Silks Millsa Cello Groupa Somani Tilesa SKF Bearings Ltd.a Mahananda Dairya Coca Colaa Micro inksa Rupa Garments
2.Refex Refrigerants (buy)
------------------------Refex Refrigerants is a specialist refiller and distributor of Refrigerant gases in India particularly, environmentally acceptable gases that are replacements for chloro-fluoro-carbons (CFC's). These Refex Refills Refrigerants are used primarily as refrigerants, foam blowing agents and aerosol propellants.
RRL exercise superior quality control and efficiency with the aid of sophisticated and novel computer technology. Refex is committed to the responsible treatment of both human beings and the environment: the standards it upholds-governing quality, environmental protection, and product and workplace safety are documented in guidelines for the various business segments and form an integral part of the Group's corporate strategy.
Refex is committed to being an exemplary player in terms of safety, protection of health and the environment, and sustainable development. The Group's policy is underpinned by strong values shared across the Company: spirit of initiative, commitment to progress, professionalism, solidarity, openness, and dialogue.
For a number of years, Refex has been committed to a continuous improvement approach concerning safety and the protection of health and the environment, with three paramount objectives.
Refex Refrigerants sees FY08 net above Rs 15cr on equity of 11.4cr
fy08 eps could be 13.5 c.m.p of 67 r.s works out just 5.p.e only
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