July 5, 2000
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Company |
Exquisite Exports |
Market Price |
Not listed |
Lead manager |
Ashika Credit Capital, SMIFS Capital Markets
|
Listing At |
Madras, Hyderabad, Calcutta
|
Opening/Closing |
July 5 / July 11 |
Promoters | S Aravindan
|
Associate Co. |
None
|
Managing Director |
S Aravindan
|
Post-issue Stake |
60.78%
|
Issue |
|
Size |
Rs 15.90 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5
|
Objective |
Setting up medical transcription center, e-commerce portal for the leather industry
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Business |
|
Product |
Finished leather goods, medical transcription facility (not yet started)
|
Location |
Madras
|
Project cost |
Rs 40 million
|
Funded by |
Equity and term loan of Rs 5 million
|
Kensource projections |
(2001) |
Sales |
Rs 890 million
|
Profit |
Rs 4.45 million
|
Earnings per share |
Rs 1.02
|
Return on equity |
9% |
Comment | The promoter is from the leather business (the company has 2-3% profit margins), inexperienced in medical transcription, C-Bay's commitment on transcription is subject to Exquisite's performance
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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