- Hyderabad-based company engaged in the manufacture of
high-end multimedia weapons simulator used for training of police, paramilitary and armed
forces.
- Industrial Development Bank of India (IDBI) would have
around 20% stake in the company (increasing from 14.5%) with its Rs 10 million investment
in the issue.
- Promoted by Mr. Ashok, Satish and Ravi Kumar who have been
in the industry for around 10 years.
- Client list includes Delhi Armed Police, the Inspector
General of Police (Intelligence Security Wing), North Eastern Police Academy, Meghalaya,
Police Training Colleges of Haryana, West Bengal and Bihar.
- Entered into an agreement with BDL to market ZTL’s
products.
- Expansion of existing activities planned by setting up
facilities for the manufacture of advanced weapons training simulators viz. Tactical
Engagement Simulators (TacSim) and Interactive Small Arms Training Simulator (iSATS) at
Hyderabad.
- Estimated its working capital requirement of Rs.60 lakhs
for the year 2000-01.
- Total income increased from Rs.78.8 lakhs in 1998-99 to
nearly Rs.130 lakhs in February 2000. During the same period, the net profit increased
from Rs 0.66 lakhs to Rs 42.8 lakhs.
- Estimated total revenues at Rs. 288, Rs.720, Rs.1800 and
Rs.2160 lakhs for the next four years (from 2000). It also estimated the net profit for
the next four years to be Rs. 30, Rs.246, Rs.425 and Rs.525 lakhs. And the EPS to be
Rs.1.91, Rs.3.22, Rs.5.57 and Rs.6.88 respectively for the same period.
- NRIs can apply only on a non-repatriable basis and on NRO
accounts. They are treated on par with the Resident Indians.
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