- An Andhra Pradesh based company incorporated in 1999.
- Part of Sibar group, which has presence in diversified
fields like Finance, Banking, Health care and farming.
- Issue proceeds would be used to set up an integrated
animation studio at Hyderabad, to build amusement parks in Vijayawada and Guntur in Andhra
Pradesh and to meet the long term working capital requirements.
- Project appraised by Bank of Madura.
- Project cost is estimated to be Rs 2335 lakhs which would be
spread out in two years Rs 600 lakhs in 2000 and Rs 1735 lakhs in 2001.
- The company has already spent Rs 1117 lakhs.
- Dr.K.Anil Kumar, Dr.C.Subhakara Rao and Sri.Y.S.K.Kishore,
each having an entirely different exposure, are the promoters.
- Total income for the year 2000 stood at Rs 2.31 lakhs and
net profit at Rs 0.43 lakhs.
- Estimated revenues for the next three years are Rs 555.3,
1110.98 and 1476.85 lakhs and net profit at Rs 66.45, 337.49 and 502.71 lakhs
respectively. EPS is expected to stand at Rs 0.32, 1.61 and 2.39 for the same period.
- NRIs cannot apply.
- Scrip is an average issue.
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