- Existing Profit making IT Company, engaged in Software
Development and Project Training related activities.
- Has a main package "Vizard", a comprehensive one
point solution for stock broking transactions.
- Customer list includes IndBank Merchant Services Ltd,
Cholamandalam Securities Ltd, Kotak Securities and many others.
- Total income increased from Rs. 5.5 lakhs in FY98 to
Rs.12.26 lakhs in FY99. During the same period, the net profit increased from Rs. 0.26
lakhs to Rs. 0.5 lakhs. During the 9-month period ending December 1999, the total income
was Rs. 53.36 lakhs and the net profit was Rs. 23.67 lakhs.
- Issue proceeds would be used for expanding software
development facilities and e-commerce projects, expand project training division, set up
offices in Mumbai and meet the working capital requirement.
- Estimated working capital requirement for 2001 is Rs.33
lakhs.
- Estimated Revenues for the next three years starting FY2001
are Rs. 320, Rs.640 and Rs.704 lakhs respectively. The net profit for the same period is
estimated at Rs.1.22, Rs.59.12 and Rs.90.32 lakhs respectively.
- Promoted by Mr. S. Sivakumar and others having over 7 years
of experience in Software Development.
- Has a Project Training Division at Chennai and plans to open
more centers at Mumbai and other places.
- Issue is for Indian resident nationals only and NRIs/OCBs
are not allowed to apply.
- Investors are advised to be cautious.
. |
