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May 8, 2000

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 Company  Rajesh Global Solutions
 Market Price  Not listed
 Lead manager  Canara Bank
 Listing At  Bangalore and Madras
 Opening/Closing  May 8, 2000 / May 10, 2000
 Promoters  Rajesh Mehta, Prashant Mehta
 Associate Co.  Rajesh Exports Ltd, Rajesh Jewels (P) Ltd
 Managing Director  Rajesh Mehta
 Post-issue Stake  75%
 Issue  
 Size  Rs 25 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Set up a software development center at Bangalore
 Business  
 Product  (Proposed) IT consultancy, software development, embedded systems
 Location  Bangalore
 Project cost  Rs 112.50 million
 Funded by  Equity share capital and term loan from UCO Bank
 Kensource projections  (2001)
 Sales  22 million
 Profit  3.08 million
 Earnings per share  Re 0.31
 Return on equity  3%
 Comment The company has yet to initiate its software operations. Not a safe bet.
 Rating *  D

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

By Kensource Information Services Pvt. Ltd.

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