- Incorporated in 1990 and is involved in consulting services
of IT and infrastructure.
- Has four strategic business to tap the market potential of
B2B e-commerce, Enterprise Wise Resource Planning Solutions, networking and other
services.
- Has a contract with Kulim Technology Management (KTM) to
provide networking solutions.
- Company has bagged orders worth US$ 45 million spread over
the next five years from HSS Intesys Sdn. Bhd., Malaysia.
- Company has an order for US$ 1,445,000 from Multimedia
Gallery Sdn. Bhd. for development of Build2020.com, a Malaysian Construction portal.
- B2B product is a "Virtual Commodity Exchange".
- Viswanath and Srinivas, well qualified and well experienced,
have promoted the company.
- Total income has increased from Rs.20.23 lakhs in 1997 to
Rs.305.04 lakhs and net profit increased from Rs.076 lakhs to Rs.56.28 lakhs during the
same period.
- Issue proceeds would be used to finance the set up of
software development center, develop web based applications, provide enterprise wide
solution for power industry, provide network solutions and to set up offices at USA and
Malaysia.
- Project was appraised by Global Trust Bank, which has
subscribed to Rs.100 lakhs in the equity and has also extended a loan of Rs. 200 lakhs.
GTB's post-issue stake will be 4.17 percent.
- Total revenues for the next three years are expected to be
Rs.1150 lak1hs, Rs.3025 and Rs.7020.5 lakhs and net profit at Rs.161, Rs.1084 and Rs.3106
lakhs respectively.
- Application by NRIs/OCBs is to be made only on
non-repatriable basis.
- Investors need to keep the qualitative factors in mind
before taking a decision.
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