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July 3, 2000
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|
| Company |
Comp-u-Learn Tech India
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| Market Price |
Not listed |
| Lead manager |
Karvy Investor Services
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| Listing At |
Hyderabad, Bombay
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| Opening/Closing |
July 3 / July 7 |
| Promoters | Srinivasa Rao Donepudi
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| Associate Co. |
Compulearn Inc USA, eplanets Inc USA
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| Managing Director |
Srinivasa Rao Donepudi
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| Post-issue Stake |
75%
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| Issue |
|
| Size |
Rs 25 million
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| Price |
Rs 10
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| On Application |
Rs 10
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| On Allotment |
Nil
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| Objective |
Marketing and development offices in USA, expanding existing courseware development center at Madras, marketing products
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| Business |
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| Product |
Computer training, course material development, software development, training solutions
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| Location |
Secunderabad
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| Project cost |
Rs 89 million
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| Funded by |
Equity, term loan from Bank of Madura (Rs 9 million)
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| Kensource projections |
(2001) |
| Sales |
Rs 61.26 million
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| Profit |
Rs 5.13 million
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| Earnings per share |
Re 0.55
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| Return on equity |
5% |
| Comment | Growth has slowed down in FY 2000. Huge administrative and selling costs
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| Rating *
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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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