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July 5, 2000
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|
| Company |
Exquisite Exports |
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital, SMIFS Capital Markets
|
| Listing At |
Madras, Hyderabad, Calcutta
|
| Opening/Closing |
July 5 / July 11 |
| Promoters | S Aravindan
|
| Associate Co. |
None
|
| Managing Director |
S Aravindan
|
| Post-issue Stake |
60.78%
|
| Issue |
|
| Size |
Rs 15.90 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Setting up medical transcription center, e-commerce portal for the leather industry
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| Business |
|
| Product |
Finished leather goods, medical transcription facility (not yet started)
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| Location |
Madras
|
| Project cost |
Rs 40 million
|
| Funded by |
Equity and term loan of Rs 5 million
|
| Kensource projections |
(2001) |
| Sales |
Rs 890 million
|
| Profit |
Rs 4.45 million
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| Earnings per share |
Rs 1.02
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| Return on equity |
9% |
| Comment | The promoter is from the leather business (the company has 2-3% profit margins), inexperienced in medical transcription, C-Bay's commitment on transcription is subject to Exquisite's performance
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| Rating *
|
D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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