Lemuria Technologies Limited

Listing on: Chennai, Ahmedabad and Hyderabad Stock Exchanges

• Existing profit making company incorporated in 1991.

• Main activities include software development, system integration consultancy and IT training.

• Has developed products for Travels, a small accounting management software and mini ERP packages. Has also developed many portals for B2B, B2C, magazines and general information. 

• Has strategic alliances with Software Galaxy Systems and Garimella System Search Inc. for the off shore software development.

• Mr.Ashok and Mr.Kumaraguru, well educated and well experienced, have promoted the company. 

• Total income has increased from Rs.0.5 lakhs in FY97 to Rs.36.05 lakhs in FY2000 and net profit from a loss of Rs.0.02 lakhs to Rs.5.04 lakhs during the same period. The two month period ending May 2000 closed with total income of Rs.20.08 lakhs and net profit of Rs.5.89 lakhs.

• Issue proceeds would be used to fund the proposed software development project, to enhance the infrastructure facilities and to set up an overseas office.

• Working capital requirement for FY2001 is expected to be Rs. 86.5 lakhs.
  
  
• Total project cost estimated at Rs. 619.56 lakhs, of which Rs.269.56 lakhs has already been spent.
  
  
• Total income for FY2001 is expected to be Rs.203 lakhs and net profit at Rs.117.21 lakhs. EPS for the same period is expected to be Rs.2.71.
  
  
• NRIs can not apply.

• Scrip can only be given an average recommendation.
  

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