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July 10, 2000
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|
| Company |
Response Informatics |
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital
|
| Listing At |
Hyderabad, Calcutta
|
| Opening/Closing |
July 10 / July 14
|
| Promoters | P M Nair, I V S S N Raju, R Ganesh
|
| Associate Co. |
Shiva Hitech Projects, Shiva Hitech Non-Conventional Systems, Response Finance & Allied Services, Response Projects
|
| Managing Director |
P M Nair
|
| Post-issue Stake |
71.07%
|
| Issue |
|
| Size |
Rs 17.50 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Part finance cost of setting up ISP, cyber cafes, software development & training centers, E-commerce, Web designing & Maintenance center, marketing office in USA
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| Business |
|
| Product |
Software Development & Training
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| Location |
Hyderabad
|
| Project cost |
Rs 67.50 million
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| Funded by |
Equity, term loan of 7.5 million
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| Kensource projections |
(2001) |
| Sales |
Rs 30 million
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| Profit |
Rs 3.6 million
|
| Earnings per share |
Re 0.60
|
| Return on equity |
6% |
| Comment | Expects 50% revenues to come from ISP business that has not yet started and will face tremendous competition. Unrealistic projections.
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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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