Dynacons Systems and Solutions Ltd

Listing on: Mumbai, Ahmedabad, Hyderabad and National Stock Exchange

• Existing profit making IT company for last 5 years engaged in system designing, consulting and software development.

• Core promoters are Shirish Mansingh Anjaria, Parag Jitendra Dalal, Dharmesh Anjaria, Pankaj Himmatlal Salot, Ms.Hema R. Salot & Mukesh P. Shah.

• The main aim of the project is to part finance the on going cost of expansion and diversification to provide complete solution in computers and related business activities .

• Out of the total project cost of Rs.270.90 million, Rs.60.50 million is allocated for software development center and Rs.65.23 million is allocated for augmentation of working capital.

• The project is appraised by Dena Bank, which had granted a loan of Rs.27.3 million.

• Has manufacturing and processing unit in Mumbai and branch offices in USA and Singapore.

• INTEL authorized solution provider and a System Builder Partner of Microsoft Corp., USA.

• Strong base of 1500 clients including Indian Airlines, National Insurance and Bank of Maharashtra.

• Confirmed orders in hand worth Rs.124.2 million.

• Profit of Rs.6.75 million for the period ending December,1999 as against Rs.1.39 million in FY99.

• Profit projected at Rs.10.33 million by 31/03/2000 and Rs.58.80 million by 31/03/2001.

• 1,80,000 equity shares are allocated to NRIs. They can have the transaction on a repatriation basis in NRE/FCNR accounts.

• Investment can be considered for medium term.

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