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Substantial Show by Riddhi Siddhi

Mon, 25 Aug 2008 11:07:51 EST

Substantial Show by Riddhi Siddhi - by mittar_b

Riddhi Siddhi Gluco Biols Limited (RSGBL) one of the largest manufacturer of starch in India was incorporated as a Private Limited Company on 2^nd July, 1990 under the name of Riddhi Siddhi Chemicals Private Limited. The company was converted to a Public Limited company in March 1992 with the name of Riddhi Siddhi Chemicals Limited. The name of the company was further changed to Riddhi Siddhi Starch and Chemicals Limited on 10^th April, 1992. Mr. Sampatraj L Chowdhary is the working Chairman of the company.The Company is ISO 9001:2000 certified. The Company manufactures various types of starch, liquid glucose, dextrose monohydrate, maltodextin, dextrose syrup and high maltose corn syrup and the byproducts such as Corn Gluten Meal and Enriched fiber which are used in various applications catering to different industries of Food, Textile, Paper, Pharmaceuticals, Confectionaries and many more.Several Products of the company are exported to different countries like Middle East, South East Asia, Bangladesh, Sri Lanka and Nepal. The company has the largest wet milling plant in the country having the highest crushing capacity with manufacturing units situated at Ahmedabad and the Belgaum district of Karnataka The company's main strength lies in satisfying all the needs of the customers and constantly improving the quality of the products through its in-house R & D department which has a dedicated group of engineers and scientists.The R & D department of the company is involoved in the work of product and process development and manufacturing of new products. The company having a rich expertise in the field of production, supplies products to all major institutions of the country.

The Company has adopted State of the Art Technology for the entire plant. Equipments are acquired from the world's renowned manufacturer in Europe and U.S.A. Appropiate steps are been taken for energy conservation measures.Recently the Company has announced the Commissioning of Pantnagar Unit of the company in Uttarakhand. The plant which has a maize grinding capacity of 1,65,000 TPA has been set up at a cost of Rs. 120 crores.With the commissioning of this plant the maize grinding capacity of the company has risen to 5 Lakh TPA. The plant would provide services to its large number of Corporate and institutional clients who have set up facilities in the states of Uttarakhand and Himachal Pradesh.

The Company has shown substantial rise in its results for the Quarter Ended, June 2008. The Net Profit of the company rose by 75 % to Rs. 8.22 crores as compared to Rs. 4.70 crores in the same time period last year. Net Sales of the company for the Quarter Ended, June 2008 surged by 79.2 % at Rs. 122.39 crores versus Rs. 68.28 crores in the corresponding time period last year. Total Income of the company also witnesses a hike of 79.2 % to Rs. 122.39 crores as against Rs. 68.28 crores in the same Quarter last year while Total Expenses of the company increased to Rs. 101.21 crores as compared to Rs. 56.65 crores in the Quarter Ended, June 2007.

The movement of Share price market of the company for the past one month is as follows:-

The company’s share price has increased 15 % to Rs. 215 as compared to Rs. 186.05 within the past one month and it is expected to rise more in the coming days. The share prices of the company as on 25^th July stood at 286.05 Rupees which further increased to Rs. 193.60 as on 31^st July, 2008.The company’s prices saw a high of Rs. 219.90 as on 20^th August, 2008. The share prices for the day i.e. 25^th July, 2008 closed at Rs. 215 witnessing a hike of 2.87% and an overall gain of 6 points as compared to previous day’s trading.

Impressive Show By Balasore Alloys

Fri, 22 Aug 2008 11:38:16 EST

Impressive Show By Balasore Alloys - by mittar_b

Balasore Alloys Limited formerly known as Ispat Alloys was incorporated in the year 1984 and started its commercial production in the year 1987. The company is a member of the Ispat Group of companies which are owned by the world renowned Mittals.The company has been certified with ISO 9001 certification The company is engaged in the Ferro alloy business. The company manufactures and exports Ferro chrome, charge chrome and Ferro alloys. The company uses the electrometallurgical process in submerged arc furnaces in order to produce Ferro alloys with a capacity of 60 MVA divided into five furnaces. The other group companies associated with the company are Ispat Industries, Ispat Metallics India, Ispat Profiles India, Gontermann Peipers India etc. The company integrates the most advanced technologies into its manufacturing process to ensure that they provide desired quality of their products to the customers. The advanced process of technologies and sophisticated equipment has been acquired from the global leaders of Metals and Ferro Alloy equipment. Different types of Ferro Alloys are produced in Submerged Electric Arc Furnaces. A highly sophisticated on line computerized monitor systems controls all aspects of furnace operation.
The products that are manufactured by the company are as follows:-

Metal and Metal Products
Iron and Steel
Ferro Alloys
- High Carbon Ferro Chrome
- High Chrome Charge Chrome
- Silico Manganese

The company has acquired about 100 hectares of chrome ore mines in Sukinda Valley in Orissa in order to execute mining operations. The company has its own captive power generation facility of 21 MW to meet the requirements of power and has a well Equipped Laboratory with all modern facilities for evaluating various Ferro alloys and raw materials. The company is also one of the leading exporters of Ferro alloy products. The company has increased its export volumes and is presenting exporting more than 80 % of the total production. The Company has been exporting Ferro alloy products in more than 26 countries with the main countries including USA, Japan, Korea, Europe, Taiwan etc. Export volume of the company has increased more than 11 times during the last five years and share in global market has also increased by 50% during the last 2-3 years. It is expected that the International Ferro Chrome market will grow very rapidly in the next 3-4 years due to the strong growth of Stainless Steel in International market and due to the power crisis in South Africa which will boost the Ferro Chrome Industry of the country and the company will be benefited a lot from these situations.

The major clients of the company in the country are as follows:-

JINDAL STRIPS LTD.
SHAH ALLOYS LTD.
CHANDAN STEEL LTD.
SYNERGY STEEL LTD.
MUKUND INDUSTRIES

The Company has shown a tremendous rise in its results for the Quarter Ended, June 2008. The Net Profit of the company showed an impressive growth of 318.34% to Rs. 22.53 crores as against Rs. 5.38 crores during the corresponding Quarter Ended, June 2007. Net sales of the company for the Quarter Ended, June 2008 surged by 95.88% to Rs. 186.80 crores versus Rs. 95.36 crores in the same time period last year. Total Income of the company for the same Quarter witnessed a hike of 92.48 % to Rs. 189.35 crores as against 98.37 crores in the same time period last year. Export Turnover for the Quarter increased by 114.10 % to Rs. 156.32 crores as against Rs. 73.01 crores in the Quarter Ended, June 2007 while Total expenses of the company increased to Rs. 133.16 from Rs. 79.14 in the same time period last year. Share price of the company also increased by 288.89 % at Rs. 3.50 per share as compared to Rs. 0.90 per share for the Quarter Ended, June 2007.

Performance Analysis of MAX India

Fri, 22 Aug 2008 04:19:52 EST

Performance Analysis of MAX India - by mittar_b

Max India (MAX) a multi business company which was incorporated on 5^th Feb, 1982 deals with various business activities of healthcare, life insurance and clinical research. The company also focuses on Healthcare staffing and plastic products. Mr Analjit Singh is the founder and the Current Chairman of the company. The company started its commercial operations on 15^th January, 1985 by setting up India’s first plant for manufacturing 6APA drug which was an intermediate for penicillin and this plant was the first manufacturing plant in the country which received approval from the U.S. FDA. In the year 1987 the company set up a second drug plant for manufacturing 7ADCA which was also the first in its kind in the country. In the year 1989 the company got engaged into the business of manufacturing BOPP(Bi-axially oriented polyproplene film) in agreement with Punjab State Industrial Development Corporation which was promoted by the name of Maxxon. The company entered into Telecom Sector in the year 1992 in collaboration with Hutchison Telecommunications Limited, Hong Kong for providing Cellular and Radio Paging Services. Following this the company was divided into four divisions namely Max Phrama, Max, Electronics, Maxxon and Max Telecom. The company entered into a 50:50 joint venture with a Netherland based company titled Gist-Brocades for manufacturing and marketing Penicillin based drugs and other drugs like Ampicillin, Amoxycillin and Cephalexin in 1993 with the name of Max Gb and this integration made the company the largest manufacturers of these drugs not only in India but Asia also.

The Business Divisions of the company are as follows:-

Max Healthcare
Max New York Life
Neeman Medical International
Max Healthstaff
Max Speciality Products

The Healthcare division of the company Max Healthcare offers medical services and has specialized centers and hospitals. This division of the company has around 2500 physicians associated with it. In this divsion 60 nurses have already been placed in US and around 650 nurses are in the Queue. The life insurance division of the company (Max New york Life) offers innovative life insurance solutions with over 27,500 agents working with this division. The company has entered into a joint venture with a global giant known as Neeman Medical International in its clinical research division.Max Speciality Products specializes in manufacturing BOPP films, metallized BOPP films, thermal plastic films and leather transfering finishing foils. The company’s state of the art manufacturing plant at Rail Majra near Chandigarh, India is ISO 9001:2000 certified.The Company has its market presence not only in India but all across the world. The company has launched Max Devki Devi Heart and Vascular Institute in New Delhi, India which has opened opportunities in the fields of medical tourism and telemedicine. in the country. The offices of the company are spread in India, UK, US and Costa Rica.

Recently the company has entered into a joint venture with Bupa Group (Leading International Health and Care Company) with the name of Max Bupa in order to enter the health insurance market in India. The company has also restructured the joint venture agreement with New York Life to become the first insurer in India to declare Embedded Value Plans.The company's Healthcare division has planned to double the bed capacity to 1500 beds by the year 2010.

The company’s net profit shot up by 257 per cent to Rs. 13.61 crores for the Quarter Ended, June 2008 as against Rs. 3.81 crores during the Quarter Ended, June 2007. Net Sales of the company during this quarter surged by 89.6 % to Rs. 91.52 crores from Rs. 48.26 crores in the same time period last year.Total Income of the company witnessed a tremendous hike of 93% to Rs. 118.86 crores versus Rs. 61.61 crores in the corresponding time period last year while Total Expenses of the company also increased to Rs. 97.12 crores as against Rs. 52.15 crores during the same Quarter last year

I have reviewed the share price market of the company and the shares of the company have gradually increased for the last one month. The company has witnessed a hike of 39.45 points in the last one month. The Prices of the company as on 21^st July, 2008 stood at Rs. 170.25. Since then the prices didn't dropped below this point. The company reached a high of 224.65 Rupees on 7^th August, 2008. The prices saw a marginal decline after that to be closed at 209.70 points as on 21^st August, 2008.

Performance Analysis of Tanla Solutions

Thu, 21 Aug 2008 04:33:45 EST

Performance Analysis of Tanla Solutions - by mittar_b

Tanla Solutions, a Hyderabad based company is one of the leading Telecom Software providers in India. It was incorporated in the year 1999 and has its headquarters located at Hyderabad. The company is ISO 9001:2000 and ISO 27001 certified and working towards getting CMMi Level 3 certification in software design, delivery, product and system integration. Since its establishment the company has shown a tremendous growth and has made its market presence as one of the rapidly growing and expanding, profit making company not only in India but worldwide.The company has achieved the distinction of being one of the first few companies in India to be engaged in integrated telecom infrastructure solutions and products and the first company in India to manufacture SMSC and VMC. Mr. D Udaykumar Reddy is the Curent Chairman and Managing Director of the company. The company has been recognized as the "Best Established Indian Company" in the IT Sector by HYSEA(Hyderabad Software Exportors Association).The company provides offshore services which include Project Manegement, Application Development and Integration, Technical Support and Technical Consulting.The Company is a global provider of end to end mobile commerce, mobile entertainment, mobile marketing and advertising solutions to the Telecommunications, Media and Digital Content industries. The company has its offices spread all across the globe such as Colombo, Dubai, Dublin, Hyderabad, London, New York and Singapore. The Products offered by the company are as follows:-

VAS Products :-

Campaign Manager
Broadcast Manager
Content Management System
Interactive TV
MMS Gateway and
WAP Builder

Telecom Products

SMSC
Caller Ringback Tone
USSD
Video Dialers
Outbound Voice Dialers
Voice Portals
Voice Mail Service
Call Management Services
Missed Call Alerts
Roaming Solutions(Wecome Roamer, Preferred Roamer, Roaming Call Assist)

The company’s product SMSC has been deployed by the telecom giants such as Reliance, BPL, Hexacom, Airtel and Essar and the business partners of the company include many renowned names of the industry such as Intel, Brooktrout technology, Wavecom, Novell, Texas Instruments and Telesoft Technologies. The company through its wholly owned subsidiary(Tanla Mobile or Mobizar), provides direct connections to all the UK network operators and offers services of SMS, MMS, WAP and 3G. Tanla Mobile also provides an extensive mobile solutions for content and brand owners, marketing and digital agencies, media channels, retailer and corporate business for the entertainment and communication with the customers. The company has entered into a joint venture with companies like O2, 3, Meteor and Vodafone for sharing revenues and it has entered into an exclusive agreement with a UK based company for providing internet SMS services to the customers of UK.The company has also been selected by the European based Mobile company known as Mliven to provide a mobile billing platform for launch of several Mliven's mobile services in UK. Recently the company has acquired Finland's Leading provider of global on device payments for mobile applications company known as "Openbit".

Tanla Solutions Limited has shown a remarkable rise in the Quarter Ended, June 2008. The Company registered a hike of 28.7 % in its net profit to Rs. 25.06 crores as against Rs. 19.47 crores in the same quarter last year. Total income of the Company for the Quarter Ended, June 2008 increased by 38 % to Rs. 44.35 crores as compared to Rs. 32.16 crores in the same time period last year.Net Sales of the company also rose by 58.5 % to Rs. 41.03 crores versus 25.88 crores in the corresponding time period last year while the Total Expenses of the company stood at Rs. 13.10 crores versus Rs. 8.91 crores as compared to Quarter Ended,June 2007.

Stock Market Analysis

Wed, 20 Aug 2008 10:19:18 EST

Stock Market Analysis - by mittar_b

Indian stock market started on a slow note on Wednesday with cement and steel stocks among key losers due to the higher coal prices, even refineries also fell victim to the market after getting an early boost from oil products price hike but later in the day the market showed a good rise reaching a maximum of 14,733 points. The market on Tuesday reached its lowest low since 31^st July on Tuesday with BSE going down by .70 percent. It has fallen 6.2 percent over the past five sessions and was down by more than 28 percent on the year.The BSE on Wednesday gained 0.92% to be closed at 14,678.23 points gaining 134.50 points as compared to the previous date which was closed at 14,543.73. Nifty also rose 47.50 points with a overall gain of 1.08% as compared to the previous date’s trading to be closed at Rs. 4415.75 points. Indian Rupee declined to its lowest in the last 17 months on Wednesday due to the recovery of crude oil prices from a 15 week low. The Indian Rupee witnessed a marginal decrease of 0.6% to stand at Rs. 43.87 against dollar in the early hours of trading.

Ambuja Cement Ltd went up by 1.94 per cent to be closed at 81.35 rupees while Ultra cement and India cement went down by 0.22 and 0.07 per cent respectively.Tata Power and Reliance Energy also went up by 0.59 and 2.23 percent to be closed at 1024.35 and 160.60 rupees respectively. The prices of refineries rose due to the oil product price hike.Softening in global oil prices may lead to cut in aviation fuel prices but it is indicated that the passengers would not benifit from the reduction in oil prices.The Crude oil which was averaged at $132.47 a barrel in July came down to $113. 52 per barrel and is expected to come down more by the end of the month.

IT giants has a mixed response in the market today with Infosys gaining 0.30% to be closed at Rs. 1698.70 while TCS ended 0.02% lower at Rs. 839.95 and Wipro witnessed a 0.56% gain to be closed at Rs. 433.65.

The Petroleum industry showed good result in today’s trading with Hindustan Petroleum gaining by 0.25 per cent, Bharat Petroleum by 0.93% , Chennai petroleum by 0.59% while Indian Oil Corporation lose by 0.92 %.

Steel Authority of India has planned an investment of Rs. 1.2 billions to boost the loading facilities at Bolani iron ore mines in Orissa.The company has plans to manufacture over 26 MT of steel production by the year 2011.

ITC Infotech, an IT enabled services company and a wholly owned subsidiary of ITC has acquired US based company Pyxis Solutions which was engaged in software quality assurance and testing services for $25 millions

Mahindra Finance the financing firm of Mahindra Group has entered into a joint agreement with General Motors and Hyundai to provide services for theor vehicles in the rural and semi-urban markets.The stock of the company traded higher by 1% by the end of the day.

L&T is in the process of buying an equity stake in coal mines in Australia and Indonesia. The company expects to have 4,000 to 6,000 MW of power plants in the next couple of years and the equity in the coal mines abroad will help to feed these power plants.The Company has also tied up Mitsubishi Heavy industries for manufacturing special critical boilers,turbines and generators.The stocks of the company went high by 1% during the whole day's trading.

Vodafone Essar, India’s third largest mobile operator is planning to sell Apple’s iPhone 3G at 31,000 rupees. India’s largest automobile company, Tata Motors plans to manufacture an electric driven version of Nano called the E-Nano. The E-Nano would be built in cooperation with the Norwegian Electric car manufactures named Miljoebi Greenland.The company has also signed an agreement with Moteur Development International(MDI) of France for developing a car that runs on compressed air,thus making travelling very economical and pollution free

Top Gainers of the Day are:-

Top Losers of the Day are :

IHCL : Financial Analysis

Wed, 20 Aug 2008 04:17:28 EST

IHCL : Financial Analysis - by mittar_b

Indian Hotels Company (IHC) is the parent company of Taj Hotels Resorts and Palaces emerged as a global brand by integrating an international network of luxury hotels.Company runs hotels under the brands like Taj, Gateway and Ginger hotels both in india and in overseas. Company operates “The Pierre” in New York, Ritz Carlton Hotel in Boston, which was renamed as Taj Boston and Carlton Place Hotel in San Francisco. Currently the Taj Hotels Resorts and Palaces is having 57 hotels at 40 locations across India having an additional 18 international hotels in the countries like Maldives, Mauritius, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa, and the Middle East. Taj hotels are categorized as luxury, leisure and business hotels which offer exciting activities ranging from sports, culture, environment, adventure, music, and entertainment with the finest standards of hospitality. Taj brand is valued in excess of 4,000 crores revealed by the Group Chairman Mr. Ratan Tata at the Indian Hotel Companies' shareholder meeting.Indian Hotels Company Ltd has been rewarded with CNBC TV 18 International Travel Award for the Outstanding Exporter of the Year, in the Travel, Tourism & Hospitality Category.

Company plans to set up four airport hotels in the country, including one in Navi Mumbai over the next few years and plans to build a luxury resort at Andaman & Nicobar Islands.The company recently bought more than 20 hectares of Koh Lone Island, off Phuket and is developing villas under the Taj Exotica Resort & Spa brand name and has signed up management contracts for hotels in Pune, Kolkata, Pondicherry and a service apartment in Pune.Company plans to invest Rs. 2,100 crores to add 5900 rooms in the next three years. Of the total investment the company will invest Rs. 1,500 crore to add about 1900 rooms in the five star and luxury category and Rs. 600 crores to add around 4000 rooms in the premium and budget segments.

Meanwhile IHC has signed a Management contract for two properties i.e Temple of Heaven and the Hainan Hotel Project in China in order to made its foray in Chinese market. The contract was signed between Taj International Hong Kong Ltd, a subsidiary of IHC, andCuiting Hot Spring Management, a subsidiary of Zhong Qi International Investment Co. Temple of Heaven Project which involves a total of 106 rooms will be taken up in two phases-the first phase(46 rooms) will be completed and will be opened by March 2009 and the second phase(60 rooms) will be taken up after the first phase. The second property involves 500 rooms and 40 Villas that will come up in 60 acre of land in the Hainan Island- it will be opened in three years time.

The company has posted a profit from ordinary activities after tax of Rs. 61.27 crores for the Quarter Ended, June 2008 as compared to Rs. 54.76 crores for the Quarter Ended, June 2007 backed by a robust growth in tourist arrivals at over two million during the first Quarter of 2008. Total Income of the company increased from Rs. 349.86 crores for the Quarter Ended June,2007 to Rs.398.01 crores for the Quarter Ended 30 June 2008 while net sales of the company during this time period surged to Rs. 376.91 crores from Rs. 346.50 crores last year. However Expenditure of the company during April,June 2008 Quarter increased from Rs. 257.31 crores to Rs. 280.50 crores.

Dazzling Show by Compact Disc India

Tue, 19 Aug 2008 12:28:23 EST

Dazzling Show by Compact Disc India - by mittar_b

Compact Disc India Limited (CDIL) one of the largest animations outsourcing organization in South Asia was established on 7^th may 1992 as a public limited company with the objective of setting up a 100% EOU plant for manufacturing compact discs. Mr. Suresh Kumar is the current Chairman of the company. The company has its market presence in 28 countries with an annual turnover of $200 millions.Currently the company is into producing, distributing and financing films and television serials including animation. The Products of the company covers all the segments of entertainment i.e. Large screens(Theatres), small screen(Home videos and Television) and personal screen(Personal computers).

The company’s assembly unit was established at Mumbai in collaboration with Hyundai Corporation, Korea with the aim of manufacturing CD video players. The company has set up a new modern multimedia studio at Gurgaon which provides solutions to the Film Industry, education presentation and training. In the year 2001 a website was launched by the company with the name of "www.loandefaulters.com" that provides information on the Indian Corporate World. The company has made its recognisition in creation, distribution and management of contents for media and entertainment sector not only in India but in Malaysia and Singapore also.The company is nowadays working on 2D and 3D animation projects, the contract for which are assigned to studios in Malaysia, Chennai and Bangalore.

The company has entered into animation outsourcing collaboration with iMedia Ventures ltd, the world’s largest media house and digital entertainment. The company has also entered into a joint venture with “White Light Entertainment” the maker of ‘Jurassic Park’ and ‘Schindler’ for producing a movie titled ‘Playing with the Enemy’. Recently the company has been awarded two animation film projects “Parallel Universe and Untitled Hindi film” by London based company CDL International Ltd. The total contract value of the project is estimated at $2.10 millions. The company along with its business associates "Interactive Creative Media Pvt Ltd", Singapore is also working on an International animation film project,"Hustle Bustle", the cost of which is estimated at $12.45 millions.

The company is also planning to establish a State of the Art Multimedia Knowledge Park, the space for which has been allocated in Chandigarh Technology Park.The park will deal in the fields of development and creation of 2D/3D animation, multimedia and special effects contents for films, teleserials, corporate presentations,gaming and mobiles.The park will include latest animation production equipments.The company is also setting up an Integrated Automation studio in the Special Economy Zone at KINFRA film and video park in Kerala, India

The company has shown a good hike in its results for the Quarter Ended, June 2008. Net profit of the company witnessed a tremendous hike of 109.7% to Rs 8.35 crores as against Rs.3.98 crores in the same time period last year. Net Sales of the company for the Quarter Ended,June 2008 rose by 114.6 % to Rs 43.36 versus Rs 20.20 crores in the same Quarter last year. Total Income of the company surged by 114.5 % to Rs. 43.36 crores as against Rs. 20.21 crores in the corresponding time period lat year while Total Expenses of the company for the same Quarter increased to Rs. 35 crores as compared to Rs. 16.23 crores in the Quarter Ended, June 2007.

Outstanding Show by Bartronics India

Mon, 18 Aug 2008 10:43:42 EST

Outstanding Show by Bartronics India - by mittar_b

Bartronics India Limited, a Hyderabad based company established in the year 1990 is one of the leading companies of India which offers automatic identification and data capture(AIDC) technologies, radio frequency identification(RIFD), smart cards and point of sale (POS) solutions. The company became a public limited company in the year 1995 and got its current name on Jan 1, 1996. Currently Mr. Sudhir Rao is working as Chairman and Managing Director of the company.Company is specialized in offering a labeling solution to the AIDC industry in the form of conventional barcode labels and the new RFID ‘Smart Labels’. The main emphasis of the company is to provide low cost RIFD products and labels. The company has been awarded with a certification from the MIFARE Certification Institute (Division of Arsenal research, Austria) for its MIRFARE cards.

The technologies and products offered by the company are as follows:

Technologies	Products
Smart Cards	AIDC
Barcodes	RFID
Biometrics	Handheld Terminals
RFDC	Printers
EAS and Point of Sale (POS)	Scanners

The company has made a significant entry into its Retail Sector through POS hardware solutions and has made its market presence in the regions of Bangladesh, Sri Lanka, Dubai and Mauritius. The AIDC industry is also moving rapidly by making use of RIFD.The RIFD market is expected to reach $3.8 billion in 2008 and this company has contributed a lot for this sector.

The company also provides solutions in various fields like

Security (Access Controls Systems, retail Security systems),
Education (Campus Management Systems, Applicant tracking systems)
Industrial (vehicle tracking systems, warehouse management)
HR Solutions (HR management systems and attendance system)
Healthcare and Hospital Management
Hotel Management Services
Finance Solutions

The company has a wholly owned subsidiary companies with the name of Bartronics Asia and Bartronics America Ltd. and the clients of the company include many big names of the industry like:- Intermec Technologies, Synel Technologies, Datalogic, Marson Technologies, and many more. The company has also entered into joint agreements with the following companies also i.e. Watchdata Systems, Singapore; Sil, Mauritius; Hayleys, Srilanka; Almoayyed Commercial Services, Bahrain; St Microelectronics; and Iris Corporation, Malaysia.

Recently the company has entered into a joint venture with LG electronics of USA for their IRIS recognition technology and products. The agreement allows Bartronics to deploy LG IrisAccess as part of its solutions in Europe, Africa and Middle East and South Asia (including India and Singapore).The company has also signed an agreement with the Government of Rajasthan for the Bhamashah Project.

The Company has shown a tremendous hike in its Net Profit for the Quarter Ended, June 2008. Net Profit of the company during the Quarter witnessed a surge of 220.13% to Rs 15.27 crores as against Rs. 4.77 crore during the same Quarter last year. Net Sales of the company for the quarter ended June,2008 increased by 167.93% to Rs 67.93 crores as against Rs. 25.43 crores for the quarter ended June,2007 while its total income during this time period surged by 165.6% to Rs 67.93 crores versus Rs 25.57 crores in the corresponding time period last year.However,Expenditure of the company during April-June,2008 quarter has increased to Rs 44.08 crores when compared with Rs 19.17 crores last year.

I have reviewed the share price of the company for the last one month and the share prices are continuously rising for the past one month and are expected to rise more in the coming time period. The Share price of the company as on 17^th July, 2008 stood at Rs 146.85. Since then the prices rose continuously till 23^rd July, 2008 to be closed at Rs 181.60. After that the prices declined marginally for few days to be closed at Rs 174.50 as on 29^th July, 2008. The share price of the company in the month of August remained stable and saw a marginal increase and decrease to be closed at Rs 179.95 on 7^th July, 2008.

Kavveri Telecom: Performance Hikes in Q1

Thu, 14 Aug 2008 09:26:06 EST

Kavveri Telecom: Performance Hikes in Q1 - by mittar_b

Kavveri Telecom one of the leading telecom products manufacturers, providing world class hardware products and solutions for the telecom industry was founded in the year 1991 with its headquarters situated in Bangalore and the name was changed to Kavveri telecom Products Limited in the August 2003.The company designs, develops, tests and implements a diverse range of products. The company has made its market presence by offering a wide range of world class products and solutions to meet all the increasing hardware demands of the telecom industry. “Mr.Shivakumar Reddy” is the current Managing Director of the company.

The Company holds the distinction of being the largest manufacturer of antennas and RF products all across the country. The company has three well equipped modern production plants in the country and planning to establish more plants in the coming future with the aim of meeting the hardware demands not only in India but all across the globe. The company holds 30,000 sq. ft area R&D department totally dedicated for design, development and production of microwave components, RF products and antennas. The company is also known for manufacturing 1, 00,000 high voltage Antennas and 10,000 RF products every month.

Products developed by the company are as follows:

Antennas
RF Components
Cables & Connectors
Repeaters
Fixed Cellular Terminals
Solar Products

The Industry giants that are associated with the company as their clients are Erricson, Motorola, Spice, Airtel, BSNL, Infosys, IBM, HP, LG Electronics, ISRO, World Space, Airports Authority of India and Punjab Communication Ltd. and many more. It is the only company in India with largest number of approvals for Antennas production from BSNL and the first privately owned company to have Anechoic Chamber for testing the antenna parameters.

Recently the company has announced to purchase “Spotwave Wireless Canada Inc” and “Spotwave Wireless Inc” through its North American fully owned subsidiary Kavveri Technologies Inc. The company will acquire intellectual property, trademarks, domain names and copyrights, technology, products and product designs, fixed assets including inventory and customer orders and contracts of the above company. The company has already acquired two Canada based Telecom companies namely DCI Digital Communications and Til-Tek Antennae Inc.

The company has registered a good growth in its results for the quarter ended, June 2008, helped by strong net sales and income. During the Quarter, the profit of the company witnessed a surge of 76.7% to Rs 4.03 crores from Rs 2.28 crores in the same Quarter last year. During the Quarter Ended, June 2008 Net sales of the company stood at Rs. 43.23 crores as against Rs. 18.64 crores showing a tremendous growth of 132% while total income of the company during this time period increases by 132.3 % to Rs. 43.39 crores as against Rs. 18.70 crores during the corresponding time period last year.However total expenses of the company during April-June,2008 quarter surged to Rs 36.47 crores versus Rs. 15.83 crores.

Impressive show by GAIL in Q1,2008

Thu, 14 Aug 2008 04:29:33 EST

Impressive show by GAIL in Q1,2008 - by mittar_b

Established in 1984, Gas Authority of India Limited works as a natural gas company in India and abroad as well. It changed its name to GAIL (India) Limited in 2002. It is engaged in exploration, production, processing, transmission, distribution and marketing of natural gas. It also provides telecommunication services through its high speed optic fiber network. Currently Mr U. D. Choubey is working as the Chairman and Managing Director of the company.Manufacturing capacity of the company is installed at Pata in Uttar Pradesh, Usar in Maharashtra, Vijaypur in Madhya Pradesh, Vaghodia & Gandhar in Gujarat and Lakwa in Assam.Company is planning to enhance the capacity of its facility in Pata and at the same time also interested in 30 exploration blocks in India and in overseas including three coal bed methane blocks. Company has been awarded with ISO-9002 and ISO-14001 (for adherence to environmental standards) for LPG plants and its pipeline system.

Company is having strategic tie-ups with organisations like Mahanagar Gas Limited, Indraprastha Gas Limited, Petronet LNG Limited, and Central UP Gas Limited. In Order to supply gas domestically and commercially, it ventures with Green Gas Limited. It is also involved in generating electric power through Gujarat State Energy Generation Ltd. Along with Reliance Industries Company is moving for a mega petrochemical plant in Qatar. This project involves the investment of around $1.2 billion. It is also indulging in a 1-million tonne petrochemical unit at Visakhapatnam. During the current fiscal, company is planning to invest Rs 769 Crore in Oil and Gas exploration in India and abroad. It is also planning to invest over Rs 110 crore in foreign currency on exploration and appraisal in its overseas blocks in Myanmar and Oman.

Company registered a rise of 31% in its standalone net profit in the quarter ended June 2008 to Rs 896.87 Crore against Rs 685.22 Crore in the same quarter a year back. Net sales of the company in the quarter ended June 2008 stood at Rs 5730.71 Crore versus Rs 4245.68 Crore in the quarter ended June 2007 showing a rise of 34.98 %.During the quarter ended June 2008, total income of the company has increased to Rs 5845.48 Crore from Rs 4336.95 Crore in the corresponding quarter a year ago. However, its total expenses for the same period grew to Rs 4331.28 Crore from Rs 3206.97 Crore. The company posted earnings per share during the quarter at Rs 10.61 a growth of 30.99% over prior year period.

The company has shown fluctuation in stock market in July 2008. It started at Rs 328.15 and dipped at Rs 311.60. By the mid of July it regained at Rs 377.70. It started this month at Rs 388.1 and constantly increasing and reached to Rs 418.75. Today, it started its day at Rs 414.05 and reached to Rs 420.25. Its share price ended at Rs 418.20

Financial Performance of Gammon India

Wed, 13 Aug 2008 10:55:29 EST

Financial Performance of Gammon India - by mittar_b

Gammon India Limited, India’s largest and Technological Civil Engineering Construction Company was established by late J.C.Gammon in 1919 by the name of Civil Engineers & contractor which was later incorporated as a private limited company under the name of J.C.Gammon in 1922. In the year 1962 the company was converted to a public limited company and the name was changed to Gammon India. It is the only Indian Construction company which has been accredited with ISO 9001 certification for all fields of Civil Engineering Works including design. The first work carried out by the company was the construction of reinforced concrete pile foundations for Gateway of India. Since then the company has carried out various civil engineering works and has made real contributions to this field by designing and constructing cotton godowns, bridges/flyovers, marine structures, cooling towers, chimneys, tunnels, ports,harbours, thermal and nuclear power plants ,damns ,chemical and fertilizer complexes not only in India but in different parts of Middle East also. Today the company stands tall with the achievement of largest number of bridges and flyovers built all across India under its name. “Mr. A. Rajan” is the current chairman and managing director of the company.

The major feats and accomplishments achieved by the company are as follows:-

Achieved the distinction of building the Longest river bridge in the world across Ganges
Built the longest span Cantilever bridge in India across river Jadukata
Constructed the Longest road bridge in India across the open sea and the first cable stayed bridge in india
It has also made its presence in the market by building flyovers in some major cities of the country. The company is constructing J.J.Hospital flyover in the country which when completed will be one of the biggest and best flyovers in the country.
Another feat achieved by the company is the completion of four of the eight lanes on the Trans-Yamuna in a record time of one year. On the completion of this bridge the bridge will find itd name in the "Guinness Book of World Records".

All these achievements has led the company to establish Reinforced and Prestressed Concrete, Long span bridges, Under water concreting using the Colcrete process, Thin shell structures, Non-Shrinking concrete, Aluminum trusses for launching precast, prestressed beams and have also won the company the status of an R&D Institution. The company plans to invest Rs. 300 crores to set up a surface logistic company in order to enter the fast growing retail industry also with this business. The company expects to start this businees by January,2009 and wants to be a third party logistic player, the one who provides third party services to the companies for parts or sometimes all of their supply management functions. Market giants such as Shrevas Shipping and the Essar Group have already entered into this business. The company through its overseas subsidiaries has also acquired two Italian firms- steam turbine maker Franco Tosi Meccanica and power sector services firm Sadelmi Spa. The company has bought 75.1 per cent stake in steam turbine maker Franco Tosi Meccanica Spa for 40 million euros and a 50 per cent stake in power sector services firm Sadelmi Spa, for 7.5 million euros.

The company has posted a phenomenal rise in its standalone net profit for the Quarter Ended, June 2008. During the quarter the net profit of the company witnessed a tremendous hike of 83.77% to Rs. 52.43 crores as against Rs. 28.53 crores during the corresponding quarter last year i.e. Quarter ended June, 2007.The Company reported earnings of Rs 6.04 per share during the quarter registering 83.59% growth over previous year. Net sales of the company for the Quarter ended, June 2008 surged by 8.32% to Rs. 585.24 crores as against Rs. 540.31 crores in the same time period last year while total income of the company during this time period rose by 15.24% to Rs. 624.51 crores when compared with Rs. 542.21 crores last year. Total Expenses of the company also increased to Rs. 536.06 crores from Rs. 483.44 in the same time period last year.

I have analyzed the share prices of the company for the month of August, 2008. The share price as on 1^st August stood at Rs. 210.40. Since then the prices of the company are continuously rising and stood at Rs. 215.05 on 8^th August, 2008. The share prices witnessed a steep hike on 11^th August to be closed at Rs. 233.10. On 12^th August the share price of the company closed at Rs. 248.15. The market saw a marginal decline on 13^th August, 3.3 points below than the previous day market to be closed at Rs. 244.85.

Fluctuating Gold Prices

Wed, 13 Aug 2008 06:07:45 EST

Fluctuating Gold Prices - by mittar_b

Over decades gold has become an important part of the Indian society. As it passes through fire in its process of evolution it is seen as a symbol of purity and for this reason gold is used in India at every religious festival. For decades gold has been a mean of saving and gold has acted as a common medium of exchange or the store of value across different dynasties in India spanning thousand of years and countless wars. In western countries gold jewellery is sold at fixed and very high prices ranging from 100% to 300% and more above its original value while in India gold jewellery is sold at very minimal rate which acts as a tradable investment and it is easy for consumers to sell and exchange jewellery at a very reasonable rate.There are approximately 300,000 traditional gold jewellery outlets, more than 10,000 refineries, more than 1000 coin manufacturing units and about 3 million goldsmiths and ancillary workers throughout the country.According to the reports submitted by World Gold Council it has been estimated that about 181 million families in India holds an average of 64 gms of fine gold out of which 90% accounts for gold jewellery. The above given statistics clearly indicate the facination of Indian people towards the gold.

India is the largest importer of gold jewellery contributing to 25% of world's gold demand. It imports about 663 tonnes of gold annually mainly in the form of small cast bars known as TT bars or biscuits. India is also the largest consumer of gold worldwide. According to WGC(World Gold Council) the demand for gold has reached a record high of 2674.4 tonnes globally in 2007-08 witnessing an increase of 17% as compared to the previous year. Out of total world's consumption India's ratio stands for 615.4 Tonnes as compared to 333.2 Tonnes of China which is second behind India in terms of gold consumption. India accounts for about one third of world's retail demand of gold including coins, bullions and jewellery.

Rising prices of Gold

The prices of Gold has been increasing like anything in the last five years. The prices of gold dropped very sharply during the year 1999 but since then the prices are rising due to various reasons like changing diverse factors, political and economic influences and rising inflation in the country while the demand for gold in the country is also one of the factors leading to rising of gold’s prices. Gold prices increased by 30% in the year 2007, which was the largest increase since 1979. These rising prices slightly affected the demand of gold in the country but not as much as it was witnessed in countries like US,UK and Italy. The prices of gold continued to increase till the first half of 2008 due to the large demand, weakness in US dollar, inflation concerns, declining production and political and financial insecurity in the country.The gold price as in January ,2008 was recorded at 11,492 which further increased to Rs 12,458 in starting of March,2008. By the Mid of March the prices of gold crossed 13000 mark to be closed at 13112 on March 18,2008. The prices of gold declined in April to be closed at Rs 11960. The market became stable again and the price was recorded at Rs.12860 in the month of may. In the Month of June gold market further declined at Rs. 11230 but it again gained the momentum in the month of July to be closed at Rs. 13620 which further declined to 12,500 in starting of august and declined further as on 12^th August to be closed at Rs.11746.This decline in gold prices is due to sharp fall in crude oil prices and strengthening of dollar against Indian Rupee but the prices of gold is expected to rise again in the coming months due to the forth coming festival and marriage season in India.

Substantial Show by InfoEdge in Q1

Tue, 12 Aug 2008 11:46:55 EST

Substantial Show by InfoEdge in Q1 - by mittar_b

Incorporated on 1995, Info Edge Ltd is among India's leading and fastest growing internet company. It was converted to a Public limited company on April 27, 2006. Company is basically engaged in providing services like online recruitment, matrimonial and real estate classifieds and related services in India. Currently,Company is providing employment to about 1800 people and the business network of the company is spread across 41 cities throughout the country. Company is also having offices in overseas out of which two are in Dubai and 1 office is in Bahrain. Its Headquarter is situated in Noida(India).

Major Portals of the Company are:

Naukri.com
Jeevansathi.com
99acres.com
Quadrangle.com

At Present company "Naukri.com" has a market share of about 50% followed by Monster.com (35%) and Timesjobs.com(15%).The company has made its market presence in the Gulf region by launching a web portal "www.naukrigulf.com". Also, company has launched a career guidance and counseling website titled "www.asknaukri.com" and a professional networking site known as "www.brijj.com".

Subsidiaries of the Company include:

Naukri Internet services Private Limited
Jeevansathi Internet Services Private Limited

Recently,Company has decided to make an investment of Rs 6.5 crores in a Delhi based education content developer Applect Learning Systems. Also, one of its segment 99acres.com has entered into a joint venture with a web portal named SecondSpace, the global online marketplace for second homes and recreational retreats to share property listings all across the globe. Secondspace has been named a Top 100 US Technology company by Silicon India Magazine every year since its establishment. Company Plans to Invest $5-10 million in its educational portal shiksha.com.

Company has posted a substantial rise in its financial results for the Quarter Ended, June 2008.During the quarter,net profit of the company has registered a growth of 11.42 % to Rs 12.97 crores as against Rs 11.64 crores during the corresponding quarter last year. Net Sales of the company for the Quarter Ended June, 2008 witnessed a surge of 35.62 % to Rs. 63.12 crores when compared with Rs. 46.54 crores for the quarter ended June,2007 while Total income of the company during this time period also witnessed a hike of 29.21 % to Rs. 67.14 crores as against Rs. 51.96 crores in the same time period last year. However, total expenditure of the company during the April-June,2008 quarter increased to Rs. 46.39 crores as compared to Rs. 34.66 crores in the Quarter Ended,June 2007.

Car Sales in July, 2008

Tue, 12 Aug 2008 06:51:21 EST

Car Sales in July, 2008 - by mittar_b

Hi friends, I had reviewed the sales figures reported by different companies for the month of July, 2008 in continuity to my previous review posted on car sales for the month of June, 2008.During the month Indian Automobile Industry has suffered a setback with the sales of four wheeler declining for the first time and that of two wheelers rising. Domestic car sales registered a decline of 1.71 per cent as compared to the same month last year and the negative growth is attributed due to the rising inflation and oil prices and higher interest rates and lower availability of finance. According to Data released by Siam, During July,2008 car sales in the domestic market stood at 87,724 units as against 89,250 units in the same month last year.The percentage of financing the cars dipped below 70% as against 85% in the same time period last year.While Tata Motors, Mahindra-Renault saw numbers shrinking, Maruti and Hyundai reported muted growth.

Following is the sales comparison of the leading Car manufacturing companies in the country for the Month of July.

Hyundai Motor India Limited (HMIL)

South Korean Car manufacturer (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered a hike of 28.1 % in its net sales at 36,152 units versus 28,204 in the same time period last year. During the Month, Domestic sales of the company surged by 0.4% to 15,066 units as against 15,003 units in July,2007 a year ago while company has registered a tremendous hike of 59.7% in its exports during July,2008 to 21,086 units versus 13,201 units.The company registered a maximum growth in it’s A2 segment which accounts for 30,614 units due to the large sale of Hyundai Santro. Hyundai Santro has captured 30%of the market share in the small car small car segment and 10% in the overall auto industy. In the A3 segment Accent and verna accounts for 5504 units.

Maruti Suzuki

Maruti Suzuki one of the prominent leaders in this industry registered a hike of 1.1% in its net sales at 58,543 units, including exports, in July when compared with 57,909 units in the same month last year. Domestic sales of the company during,July 2008 witnessed a hike of just 0.1% to 52911 units as against 52839 units during the corresponding month last year i.e July 2008 while exports of the company during this time period grew by 11.1% to 5632 units when compared to 5070 units in July,2008.During this time period sales of company's most economical model Maruti M800 dipped by 15% to 11,206 units. However, company registered a maximum growth in the A3 segment with 37% increase in this segment due to the huge demand for the newly launched model Sedan Dzire in the market.

Mahindra and Mahindra’s

Mahindra and Mahindra’s saw a decline of 4.1% in its total sales at 18407 units in July 2008 as against 19163 units in the same time period last year.Domestic sales of the company dipped by 7.1% to 17302 units as against 18536 units in July 2007 while the total export sales of the company increased by 76.2% at 1105 units as against 627 units in the corresponding time period last year. The net sales of Uvs and Logon were reported at 12078 units as against 14457 in the same time period last year.

Tata Motors

Tata Motor’s, country’s largest vehicle maker witnessed a decline of 3% in its net sales for the month of july at 40,729 units as compared to 42,098 units in July Last year.Domestic sales of the company registered a decline of 13.9% in July,2008 at 14652 units in the corresponding time period last year while its exports are dipped by 16% to 3696 units in July,2008 as against 4382 units in the same time period last year. During the month Sales of its "Indica" model reported a decline of 32% at 7525 units while the Indigo registered a hike of 73% at 4487 units in July, 2008. The Sumo and Safari also witnessed a hike of 20.6% in its sales at 2640 units as compared to July,2007.

Performance Analysis of DCW Ltd

Mon, 11 Aug 2008 09:32:37 EST

Performance Analysis of DCW Ltd - by mittar_b

Dhrangadhra Chemical Works or DCW established in 1939 at Dhrangadhra(Gujarat) is one of the leading manufacturer of Soda Ash and chemicals in India. The company’s growth got a major momentum in 1959 when Chlor-Alkali plant was incorporated at Sahupuram in the Southern State of Tamil Nadu where the land was totally infertile at that time but now the chemical Industry on this particular plant is not only recognized in India but all across globe also. India's first tri-chloroethylene plant was established in the year 1968 and an integrated PVC resign plant in the year 1970 thereby making the company emerging industry in the field of petrochemicals. In the Same Year ,company has set up one more plant in oredr to manufacture upgraded ilmenite which was the first in its kind in the whole Asia and still one of the few of its kind in the world.
Company has changed its name to DCW ltd. in the year 1986 Since then the company came a long way to emerge as one of the pioneer industries in the Chemical sector. Currently, Mr. Shashi Chand Jain is working as Chairman and Managing director of the company.

Company is engaged in the development of Products like :

Caustic Soda
Trichloroethylene and HCL
Upgraded Ilmenite or Synthetic Rutile
Yellow Iron Oxide
PVC Resin
Soda Ash
Ammonium bi-carbonate
Liquid Bromine and Bromide etc;

The clients of the company include: Hindustan Lever, Atul products, Gujrat alkalies and Grasim Industries. PVC Resin from DCW find application in rigid pipes, heavy power cable, footwears and luggage etc.

Company has registered a tremendous hike in its Financial results for the quarter ended June 2008. During the quarter, Net Profit of the company witnessed a surge of 40.81% to Rs 10.49 cores as against Rs 7.45 crores during the corresponding time period last year.Net sales of the company for the quarter ended, June 2008 also registered a hike of around 73% to Rs. 240.66 crores as against Rs.139.16 crores for the quarter ended June,2007 while the total income of the company during this time period shot up 73.16% to Rs. 241.22 crores when compared with Rs 139.30 in the same quarter last year. However,total expenses of the company for the quarter increased from 123.09 crores to Rs. 215.28 crores.Operating profit of the company witnessed a hike of 60.02 % at Rs. 25.94.

Financial Review of Yes Bank

Fri, 08 Aug 2008 07:35:36 EST

Financial Review of Yes Bank - by mittar_b

Yes Bank which commenced its operations in May,2004 is known for comprehensive banking and providing financial solutions to its customers and is also known implementing the globally recognized standards such as Six Sigma and ISO. The bank has been awarded a Greenfield license by RBI which is the first license to be awarded to any bank in the last 12 years.The Bank is getting financial assistance from the Rabobank Netherland, the world’s only AAA rated bank and three other global global institutional private equity investors, CVC Citigroup, AIF Capital and ChrysCapital. The bank has 40 fully operational branches all across the country. Mr Ashok Kapoor and Mr Rana Kapoor are the promoters of the bank..

The Services offered by the bank are as follows:-

Corporate and Institutional Banking
Financial Markets
Investment Banking
Business and Transactional Banking
Retail Banking
Private Banking

The Bank offers numerous value added services to its customers like Yes Touch, according to which the customers can avail the facilities of International Debit Cards, 24 Hour ATM access, Internet banking, Mobile Banking, Payment-Online Brokerage and Online Travel Booking. The bank has several tie ups with companies like Gartner, I-Flex, Murex and Cash Tech. Bank also acts as an advisor to the State Industrial Development Corporation of Uttranchal. Recently the bank has entered into an agreement with an Australian firm known as"Windlab Systems" tin order to play a role in its renewable energy sector. Under this agreement the bank will act as a strategic and financial advisor for the Windlab and will identify different joint venture partners for the company to operate in the domestic wind energy market. According to the reports the bank expects to make the first investment from its US$ 300 million clean energy/clean technology fund, in which Global Environment Fund will be a partner.

The bank has posted a significant rise of 50.92% in its standalone net profit to Rs 54.33 Crore from Rs 36 Crore in the same quarter last year. During the quarter ended June,2008, Net Sales of the bank rose by 52.16% to Rs. 414.67 crores against Rs.272.53 crores during the corresponding period last year. Total income of the bank also witnessed a hike and stood at Rs. 486.19 crore versus Rs. 348.49 crores in the corresponding time period last year. However ,total expenses of the bank increased to Rs. 101.51 crores as against Rs. 73.65 crores in the same time period last year. During the quarter, Deposits of the bank surged by 45% to Rs.12552 crores.

The share price of the bank as on 16th July stood at Rs. 105.3.Since then the share price market of the bank rose rapidly till 23rd July when it closed at Rs.140.0 points, but then the prices dropped suddenly to be closed at Rs. 127.35 on 25th July,2008 .Again the prices began to rise to be closed at Rs 133.4 and Rs 138.75 on 1st and 5th August respectively and finally the share price of the bank as on 8th August closed at Rs.138.35.

Financial Performance of ABG Infralogistics Ltd

Fri, 08 Aug 2008 03:33:45 EST

Financial Performance of ABG Infralogistics Ltd - by mittar_b

ABG Infralogistics Ltd. also known as ABG heavy industries was incorporated on December 15, 1983 as a private limited company by the name of Onaway Carriers Private Limited. The company was converted to a public limited company on 19^th April,1985 with the name of Onaway Engineering Limited which was again converted to a private limited company on 13^th March,1989 and was finally converted to a public limited company on September 1994 named as ABG Heavy industries. The name of the company was again changed to ABG Infralogistics wef from November, 2007. Terminal operations, port services, crane hiring and project services are some of the major areas in which the company is dealing.Mr. Kamlesh Kumar Aggarwal is the current Chairman of the company and Mr. Saket Aggarwal is the acting Managing Director of the company.

The company currently operates at the Kolkatta Container terminal through its subsidiaries. The company offers a complete range of services to ports and CFS services. The company owns and has deployed harbor side ship to shore container cranes (RMQC), rubber tyred gantry cranes (RTGC), rail mounted gantry cranes (RMGC) on the harbor. The company is one of the largest crane hiring companies in India with advanced self erect hydraulic crawler cranes installed in various industries all across the country such as Hydrocarbon, Thermal power, wind energy, steel cement and many other industries and these cranes help in moving and installing oversize and overweight equipments that are impossible to install without the help of these cranes. The company has entered into a joint venture with a Korean company titled “ Doosan Heavy Industries and Construction Company” for providing exclusive support in manufacturing, supplying and repairing of material handling equipments for containers and large projects in India and other Asian and Middle East countries.The company has decided to hire two 100 Ton capacity Harbor mobile cranes along with providing operations and maintainenance staff for 24 hours for a period of 5 years for Stevedores / Port Users at west Quay Berths and other Vishakhapatnam Port Trust (VPT)

Some of the recent projects handled by the company in the country are as follows:-

Erection and construction of 500 MW Thermal plant at Trombay for Tata Electric Company
Erection and Construction of first hydro cracker project at Baroda, for Gujarat Refineries and Indian Oil Corporation
The fully integrated fertilizer complex at Kota for Chambal Fertilizers

The company has announced to install 40 more cranes in the next 3 months in order to meet the demands of infrastructure sector. According to reports submitted by the company, it has a fleet of 175 cranes in the range of 30 metric tones to 3200 metric tones. The company has decided into a joint venture with US based crane manufacturing unit Terex and two other foreign companies for establishing its own crane manufacturing unit " ABG Cranes Limited" in order to meet the huge demands from the sectors of Power and Petroleum respectively.

The company has shown a good increase in its standalone results for the Quarter Ended ,June 2008.During the quarter the Net Profit of the company rose by 20.29% to Rs. 4.09 crores as compared to Rs. 3.40 crores in the same quarter last year.Net sales of the company for the quarter ended, June 2008 surged by 90.61% to Rs. 38.56 crores versus Rs.20.23 crores in the corresponding time period last year.Total Income of the company also witnessed a tremendous hike of 93.99% to Rs. 40 crores as compared to Rs. 20.62 crores in the same time period last year while total Expenditure of the company also increased to Rs. 13.74 crores as against Rs. 5.06 crores in the same quarter last year.

I have analyzed the share prices of the company for the last 15 days and it has been continuously rising and expected to grow more in the next 15 days or so.The share price of the company on 24th July,2008 stood at Rs. 296.20. Since then the prices never declined and kept on increasing till 31st July, 2008 to close at Rs. 320.00 but on 1st August there was a minute decline in the prices to be closed at Rs 313.65 points which further declined minutely nect day also, but since then the prices are again rising and closed at Rs 338.00 points on 7th August,2008 showing a gain of 41.8 points as compared to the last 15 days.

Financial Performance of I-Flex Solutions in Q1,2008

Thu, 07 Aug 2008 09:52:22 EST

Financial Performance of I-Flex Solutions in Q1,2008 - by mittar_b

Incorporated in 1989, Mumbai based I-flex Solutions Limited is basically engaged in delivering provides information technology (IT) services to the financial services industry to over 825 financial institutions over 130 countries.Major product offered by i-flex includes FLEXCUBE i.e a banking product suite for retail, consumer, corporate, investment and Internet Banking, asset management and investor servicing.Recently a number of reputed Global organizations like WWB Colombia (Latin American financial institution), Leading French bank “Credit Agricole”, “TAIB Bank”, a leading bank in the Middle East, “Israel Discount Bank” and “Vietnam's FPT bank” selected Flexcube, i-flex's core-banking platform, to support international consolidation and growth. Also, Company has decided to change its name to Oracle financial services software limited for which shareholder approval will be sought on August 11, 2008. Company has won a number of prestigious awards for its excellence in production, design and communication such as League of American Communications Professionals Awards in 2004- 2005 and the Society of Technical Communication Award in 2005- 2006.

Company is having strategic alliances with organizations like:

IBM
Oracle
Microsoft
Hewlett Packard
Intel
Sun Microsystems

Company has reported a phenomenal rise in its financial results for the quarter ended June,2008. During the quarter, Net profit of the company witnessed a tremendous hike of 58.38% to Rs 92.18 crore as against Rs 58.20 crore during the quarter ended June,2007. Net Sales of the company for the quarter ended June,2008 increased by 20.32% to Rs 462.80 crore as against Rs 384.64 crore during the previous quarter ended June 2007 while total income of company during this time period surged to Rs 511.86 crore when compared with Rs 384.71 crore last year.However,Expenditure of the company during April-June,2008 quarter increases from Rs 307.85 crore to Rs 401.84 crore. Company reported an earnings per share of Rs 11.01 for the quarter ended June, 2008 as against Rs 6.97 per share for the same period last year indicating a hike of 57.96%. During the quarter ,company added 14 new customers in its clintele list.

As Far as consolidated results are concerned Company has posted a net profit of Rs 105.56 crore for the quarter ended June 30, 2008 as against Rs 36.71 crore for the quarter ended June 30, 2007. However,Total income of the Company increased to Rs 631.83 crore during the quarter when compared with Rs 513.34 crore during the last fiscal.

Share Price of the company during last six Months:

Biotechnology Industry in India

Wed, 06 Aug 2008 09:29:21 EST

Biotechnology Industry in India - by mittar_b

The Department of Biotechnology (DBT) was set up by the Government of India under the Ministry of Science and Technology in 1986 with the aim of enhancing the Biotech Industry in India. Since then there is no looking behind and DBT has produced one of the best scientists of the country since its establishment. India has become the Hub of Biotechnology since the last decade and has become the main center of attraction for global investments due to the skilled and knowledgeable manpower available in India.Due to the rich resources available, India has become one of the major areas for setting manufacturing units and Research laboratories by the MNC’s. Success of Biotechnology industry in India was a difficult one in the early stages due to the long research period and limited funding. The investors remained away from this industry for a long time period but once Biotech industry made its market presence, funds from investors flowed like rivers in this sector.In the next five years, biotechnology sector is expected for an investment of 7 to 8 billions which can result in a turnover of Rs. 9 to 10 billions. Biotechnology is a dynamic field which is inherited from various disciplines such as Biology, Biochemistry, Genetics, Cytology, Chemistry, Pharmacology, Bioinformatics and impacting important areas such as Medicine, Agriculture and environment.

Role of Biotechnology in Medicines

The field of medicine has reached a new high after the introduction of Bio-Technology in this field. Normal medicines has the capability to cure the symptoms of various diseases, but biotechnological process in combination with pharmacology have the capability to develop proteins and molecules which helps in providing a permanent cure for the disease. Microorganisms are used to produce insulin, human growth factors,blood clotting factors, fertility drugs,antibiotics, vaccines and enzymes which can be used to permanently cure human diseases.Gene theraphy can be used in curing genetic diseases which involves replacing defective genes which may or maynot be tranmitted to the next generation.Diseases like AIDS, Cancer, sickle cells Diseases like AIDS, cancer, sickle cell anemia, hemophilia, cystic fibrosis, diabetes and many more can be detected and treated with the advanced technologies provided by Biotechnology.

Role of Biotechnology in Agriculture

The production of high yielding and disease resistant crops through biotechnological concepts has boosted India’s Agriculture sector. New genes can be inserted to the plants which helps in generating more nutritious fruits and vegetables. Their color and size too can be manipulated by replacing defective genes or incorporating new genes. Disease resistant crops can also be produced with the help of Biotechnology by injecting Bt (Bacillus thuringiensis) gene in the crops. The toxin acts as a metabolism and causes the death of the pest. Now we can enjoy our favorite fruits, vegetables and flowers throughout the year without waiting for the particular season with the help of Biotechnology.India is the second largest food producer after China and offers a huge market for Biotechnology products Transgenics of rice,brassica, moonbean, pigeonpea, cotton, tomato and some vegetables like cabbage, cauliflower. Genetically engineered seed market was estimated at $250 million from a total seed market worth US$ 500 millions in 2001.

Role of Biotechnology in Environment

Environment around us is undergoing alot of changes due to the large ammount of pollutants and climatic changes acoss the globe In order to have healthy environment around us it is necessary that the environment should be clean and healthy and Biotechnology has played a vital role in improving the environment by controlliing the oil spills in coastal regions and petroleum leakage in water bodies by incorporating microorganisms that can degarde the harmful products.

In the year 2006 India was ranked 3rd in the South Eastern Asis region after Korea and Japan on the basis of Biotech industries.India has about 280 companies in this particular sector.Indian Biotech industry has achieved a market value of Rs. 6521 crore(US$ 1.45) by registering a growth of 37.42% and is estimated to grow to US$ 5 billion by the year 2010.India’s biological and population mixture has played an important and vital role in the areas of research and drug discovery in Biotech sector.India's biotechnology industry is just 1.1 % of world's Biotech industry but the pace with which the industry is growing, India's biotech industry will become one of the prominent leaders in this field in the coming decades.Bangalore has emerged as the largest Biotech hub in India with a total annual sales of about Rs. 1400 crore. There are about 175 companies working in different areas of bioagri, bioindustrial, bioservices, nutraceutical, biopharma, bioinformatics, herbal products and biosuppliers.Some of the achievements of Biotechnology sector in India is as follows:-

Biotech Industry has registered a growth of 37.42% per annum
Biotech industry has reached US$ 1.5 billion
Bioservices has reached US$ 160 million
Bioagri sector has crossed US$ 130 million
Biopharma has reached US$ 1 billion

The following is the list of Top 10 Biotech companies in India

Biocon
Serum Institute of India
Panacea Biotec
Piramal Healthcare
Wockhadrt Limited
GlaxoSmithKline
Bharat Serum
Krebs Biochemicals and Industries Limited
Cadila Healthcare
Indian Immunologicals

The following graph shows the turnover of some of the Biotech Companies during the Quarter Ended, June 2008.

Punj Lloyds-Financial Performance Review

Tue, 05 Aug 2008 12:10:50 EST

Punj Lloyds-Financial Performance Review - by mittar_b

Punj Lloyd showed a remarkable performance in the Quarter Ended,June 2008. The Net Profit of the company witness a tremendous hike of 296.79 % to Rs 84.12 crorers versus Rs. 21.20 which is nearly four times as compared to the corresponding quarter last year. During the quarter, Net Sales of the company witnessed a surge of 120.50% to Rs. 1558.58 crores as against Rs. 706.85 crores during the quarter ended June,2007 while the total income of the company during this time period doubled to Rs1584.25 crores Rs. 722.37 crores in the same financial time period last year. However, Expenditure of the company during April-June, 2008 quarter increased to Rs 1400.96 crore versus Rs. 634.27 crore in the same Quarter last year.

As far as consolidated results are concerned company has registered a hike of 88 per cent in its consolidated Net Profit to Rs. 111.85 crores. Net Sales of the company for the Quarter Ended, June 2008 witnessed a surge of 90% to Rs. 2,678.6 crore while Total Income of the company during this time period increases by 89 % to Rs. 2658.16 crores as compared to Rs. 1417.95 crores in the same time period last year.

Recently Company has got a huge order of $108 million from Spain company Titled “Tecnicas Reunidas” for a project in Abu Dhabi .Also, the company has earned an order of Rs 1005 crore from GVK Power for “coal fired thermal power plant project” in Govindwal Sahib,Punjab (India).Company has also bagged an order of Rs. 649 crore for the “motor spirit quality upgradation project” from Indian Oil Corporation for its Barauni Refinery, Bihar.

The company saw a steep rise in its share prices for the past 20 days.The share price of the company as on 15^th July stood at Rs.198.7. Till 18^th July the price took a gain of Rs.22.35. Since then the prices are continuously rising and took a further lead of 48.85 points to be closed at Rs 269.9 on 23^rd July,2008. The prices saw a marginal decline on 25^th July to be closed at Rs. 254.3 but the market becomes stable again and gained further lead of 28 points to be closed at Rs. 282.3 on 1^st August,2008. The share price of the company as if on 5^th August,2008 stood at Rs. 290.10 gaining a overall lead of 91.4 points as compared to the last 20 days.

Performance Review graph showing the movement of share prices of the company w.e.f 15th July,2008 upto 5th August,2008 is as follows

Role of Media and Entertainment sector in Indian Economy

Tue, 05 Aug 2008 10:55:41 EST

Role of Media and Entertainment sector in Indian Economy - by mittar_b

Media and Entertainment is one of the booming sectors contributing a lot towards the economic growth of the country. This industry stood at Rs 43,700 crores in the year 2006 and is expected to grow at an annual rate of 19% till the year 2010.As the Indian economy is growing day by day giving a rise to new market and development era, the Indian Entertainment and media sector is expected to witness about 18 per cent annual growth in the next five years, according to a recent study conducted by consultancy and auditing firm PricewaterhouseCoopers. Media and Entertainment is considered as the powerful industry in India and is one of the leading industries in terms of global investment due to the fact of persuading the thoughts and behavior of consumers.In the year 1991 India allowed foreign broadcasters and since then the cable industry is growing at a very fast pace.

According to surveys India has more than 75 million cable subscribers and this list of subscribers is expected to grow to more than 200 million by the year 2015.This industry will be more exciting following increased collaborations and more global entertainment companies investments. 'Technologies will influence both the pace and direction of entertainment and media growth.

The following is a review of some of the leading Media and Entertainment Sector companies of India:-

Adlabs Films Ltd (ADAG)
Balaji Telefilms Ltd
HT Media Ltd
Prime Focus Ltd

Adlabs Films Ltd (ADAG)

Adlabs Films Ltd (A Reliance Anil Dhirubhai Ambani Group Company) is one of the fastest and largest growing Media and Entertainment companies in India. The company was founded in the year 1978 as a small film processing unit. The major divisions of the company include Film Processing, Film Exhibition, Digital Cinema and Film Production. The company has entered into a joint venture with Mumbai’s Multiplex for setting up a 518 seat IMAX Dome Theater. The company also has a fully owned subsidiary of Entertainment One (India) Ltd.The turnover of the company during the quarter ended June, 2008 was at Rs.185.19 crores versus Rs. 51.04 crores in the same time period last year.

Balaji Telefilms Ltd(BTL)

Balaji Telefilms Ltd. founded in 1994 by the renowned personalities of film industry i.e. Mr.Jeetendra Kapoor, Ms. Ekta Kapoor and Mrs. Shobha Kapoor is one of the most successful media companies and the largest fiction based television content provider. Currently the company has around 21 teleserials being aired on channels like Star Plus, Star 1, Doordarshan, Sony Entertainment, Zee, Sun, Gemini, Surya, Udaya and others. The company made its market presence in the entertainment industry by generating tele serials starting the alphabet “K” which is creating waves not only in India but globally.The turnover of the company in the Quarter Ended, June 2008 increased to Rs. 91.60 crores as compared to Rs. 77.65 crores in the same quarter last year

HT Media LTD(HTML)

HT Media Ltd or HTML founded in 1924 is one of the largest media companies in India. The daily circulation of newspapers by this company is estimated to about 2.25 million copies and it enjoys the readership base of 14.49 million readers. Hindustan Times has strong trade name recognition among readers and advertisers. The company has 15 printing facilities across India. The Company has its market presence with the pioneer leadership in cities like Delhi, Chandigarh, Bihar and Jharkhand.The Company is into the process of expanding its business by entering the FM radio market in India in collaboration with a company known as Virgin Radio. The Wall Street Journal and the company has entered into a agreement under which the company’s busines newspaper and website will publish Wall Street Journal branded paged that will contain news related to business and information from the Journal. The turnover of the company for the Quarter ended June,2008 stood at Rs. 324.72 crores as against Rs. 273.34 crores in the corresponding time period last year.

Prime Focus Ltd(PFL)

Prime Focus Ltd or PFL is an outcome of two companies merging together i.e. Video works and Video Worshop was founded in 1997. The company is one of the Asia’s leading post production and visual effects service provider with partners spread all across the globe. The company is leading the way for quite a few decades for using Digital Technologies in post production. The company has acquired a stake of 55% in European Media service company VTR group. The company offers services like Telecine services, visual effects. PFL introduced the first and only world-class Milo Moco Rig in India and also pioneered high definition production in India. The company also offers ancillary services like equipments renting, sound studios, offline editing and inter-format transfers.Following are some of the clients of the company:-

HTA
O&M
Chaitra Leo Burnett
Ambience D'Arcy
Re diffusion
FCB Ulka
Trikaya Grey
Contract Advertising
Madison
Triton

Satellite Channels like, Star, Zee, Zoom, MTV, B4U, etc. and music companies, namely, T-Series, TIPS, Venus, PolyGram, MagnaSound, HMV, Sony, Music, Times Music, Rajshri Music, Virgin Music, etc are also using the comapny's services.The turnover of the company for the Quarter Ended, June 2008 surged to Rs. 23.93 crores versus Rs. 18.74 crores in the same Quarter last year.

The review chart showing the annual Turnover's Of the above said companies is as follows:-