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July 20, 2000

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 Company  Tele Data Informatics
 Market Price  Not listed
 Lead manager  Systematix Corporate Services, PNB Capital Services
 Listing At  BSE, Madras
 Opening/Closing  July 20/July 24
 Promoters K Padmanabhan, N Sathivel
 Associate Co.  Sirus Shipping Company, BNP Dyes & Chemicals
 Managing Director  K Balasubramanian
 Post-issue Stake  75%
 Issue  
 Size  Rs 62.50 million
 Price  Rs 25
 On Application  Rs 7
 On Allotment  Rs 18
 Objective  Expansion of software development facility
 Business  
 Product  Software development, consultancy services, services training
 Location  Madras
 Project cost  Rs 123.47 million
 Funded by  Equity
 Kensource projections  (2001)
 Sales  Rs 59 million
 Profit  Rs 24 million
 Earnings per share  Rs 2.37
 Forward P/E  10.5
 Return on equity  15%
 CommentGood capabilities. In 1996-97, turnover reduced due to too much dependence on shipping software. Has shifted focus to other products, but the dependence is still quite large
 Rating *  B

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt. Ltd.

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