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.
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