- Existing Profit making Company .
- Has alliances with Dukan Corporation, USA, BTG Inc of US and
GMS Srl, Italy.
- Company operates in CAD, GIS and internet based
technologies.
- Client list include MTNL, Tata Infotech, Bayer, Clariant,
Hindustan Construction Company, Central Railway and many others.
- Launched Bollywood Stock Exchange ( www.bwsx.com ), an e-commerce site with an innovative
concept of game on Bollywood.
- $10,000 worth projects are on hand and Rs.585 lakhs worth
projects are in negotiation stage.
- Total income has increased from Rs.2.35 lakhs in 1997 to
Rs.197.2 lakhs in February 2000 and the net profit increased from a loss of Rs.2.95 lakhs
to Rs.107.49 lakhs in the same period.
- Has five subsidiaries, of which majority are making losses.
- H.R.Vora, Kenil Vora, K.K. Sharma and Mahesh Mehta have
promoted the company. Only K.K.Sharma is well qualified and has very good experience in
the industry.
- Issue proceeds would be used to set up a software
development center in Mumbai, finance the infrastructure development and invest in its
subsidiary in USA.
- Total income for the next three years starting 2001 are
estimated to be Rs.540, Rs.860 and Rs.1390 lakhs and net profit at Rs.148.43, Rs.225.80
and Rs.360.35 lakhs respectively. EPS for the same period is estimated to be Rs.3.71,
Rs.5.64 and Rs.9.01 respectively.
- Of the above, 1,25,000 shares are allotted to NRIs. They can
apply on both repatriation and non-repatriation basis.
- Investors are advised to think twice before investing.
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