June 12, 2000
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|
Company |
Sark Systems India |
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services
|
Listing At |
Hyderabad, Bangalore |
Opening/Closing |
June 12, 2000 / June 17, 2000 |
Promoters | J Murali Krishna, J S R Durga Prasad
|
Associate Co. |
None
|
Managing Director |
J Murali Krishna
|
Post-issue Stake |
74.96%
|
Issue |
|
Size |
Rs 14.6 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5
|
Objective |
Upgrade hardware and software, set up software development center, set up a marketing office in the USA
|
Business |
|
Product |
Software Development, Enterprise Resource Planning, Training
|
Location |
Hyderabad
|
Project cost |
Rs 44.45 million
|
Funded by |
Equity, internal accruals (negligible), term loan |
Kensource projections |
(2001) |
Sales |
Rs 29.76 million
|
Profit |
Rs 4.47 million
|
Earnings per share |
Re 0.76 |
Return on equity |
7% |
Comment | The company's own projections are too fantastic.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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