"The biggest crisis or challenge I faced I believe is when I left India. I did not have any exposure to the global market, global situation and I landed up in a country (Indonesia) I never knew about," said Laxmi Mittal, Chairman and CEO, ArcelorMittal.
He admitted that ArcelorMittal did not anticipate a crisis of this magnitude, and said that the company has acknowledged the slowdown and was the first one to resort to cost-cutting measures. Mittal, 58, born in Sadulpur, Rajasthan, parted ways with his father and brother and took over the international affairs of the family business and left for Indonesia than three decades ago.He founded the Mittal Steel company in 1976. He expressed his disappointment over delays in securing regulatory approvals for his Rs. 1 lakh crore steel project in India. "We are disappointed with this. We are still awaiting some of the approvals, land approvals, environment approvals, and mining license; clearly this has delayed the progress by two years."
Monday, June 29, 2009
Aspiring engineers scared to opt for IT courses
The students who are aspiring for engineering career are opting for mechanical and civil engineering courses instead of IT courses. According to Karnataka Examinations Authority (KEA), around 60-70 percent of almost 1.2 lakh students who appeared for common entrance test (CET) this year are expected to opt for non-IT courses. Also many courses like computer engineering, medical and biotechnology which were in demand last year do not have many takers this year.
The change in career can be linked with big IT companies like Wipro, Infosys and TCS deciding to cut down the number of recruitment due to recession. Big companies are also seeking to cut down on existing staff to adapt to economic slowdown. In such situation students are not that ready to take risk by entering the IT field. "In times of recession, nobody is daring to opt for IT. There are more job opportunities in mechanical. Lot of students that I know prefer to go into electronics and communication and mechanical engineering," an aspiring engineering student Bhavish Kuttapa told Economic Times.Many students are interested in opting for telecommunication engineering as there are more jobs available in that field. It is expected from students to opt for recession-proof careers. "Something very similar happened few years ago when IT was doing better than other sectors. With government spending big on infrastructure, energy and telecom, there are more jobs available for mechanical, civil and electronic engineers," said GC Jayaprakash, principal consultant at executive search firm Stanton Chase International to economic times. (siliconindia news bureau,Bangalore)
The change in career can be linked with big IT companies like Wipro, Infosys and TCS deciding to cut down the number of recruitment due to recession. Big companies are also seeking to cut down on existing staff to adapt to economic slowdown. In such situation students are not that ready to take risk by entering the IT field. "In times of recession, nobody is daring to opt for IT. There are more job opportunities in mechanical. Lot of students that I know prefer to go into electronics and communication and mechanical engineering," an aspiring engineering student Bhavish Kuttapa told Economic Times.Many students are interested in opting for telecommunication engineering as there are more jobs available in that field. It is expected from students to opt for recession-proof careers. "Something very similar happened few years ago when IT was doing better than other sectors. With government spending big on infrastructure, energy and telecom, there are more jobs available for mechanical, civil and electronic engineers," said GC Jayaprakash, principal consultant at executive search firm Stanton Chase International to economic times. (siliconindia news bureau,Bangalore)
Multibagger Stock: Visu International
Visu International Ltd. (Formerly Visu Consultants Ltd.), a pioneer in the field of 'GLOBAL EDUCATION', is the main arm of Visu Group of Companies. Its core activity lies in assisting students to make the right choice with regard to higher education overseas. Every country on the globe has Universities which are vying for students across the frontiers. In such a scenario, it becomes an impossible task for a student to decide on the program, University and Country most suited to their requirements. In steps an experienced consultant like Visu, offering end to end services to our clients. With our experience and expertise in 'study abroad' spanning over two decades, we could be the trusted hand for any student.
Visu International Ltd., was started in 1983, by Mr. C.C.Reddy, an NRI from USA, Founder and Chairman, built the huge organization, that it is today. From a humble beginning, today he succeeded in the uphill task of dispelling all the myths usually associated with ' study abroad' and have brought the concept of overseas education to the doorstep of every student, by making it affordable and devoid of cumbersome procedures.
Visu International Ltd. has more than 73 offices all over the world, placing more than 75000 students in Universities abroad. Our reach extends to five continents and Universities in most Countries like the US, UK, Canada, Ireland, Singapore, Malaysia, Nepal, Kenya, Tanzania, Uganda, France and Spain.
It offers the following services:
Councelling
Coaching for TOEFEL, GRE, GMAT, SAT in India .About 50000 students per year are getting coaching in various centres within India.
Application Processing for admission abroad
e- application status
Visa guidance
Post Visa services
Bank Loan guidance
Travel Assistance
This year is the Silver Anniversary Year of Visu International and Management is hopeful of surpassing Rs. 100 crore turnovers with a significant increase in the bottom line.
Future Prospects:
Project today reported that Conglome Industries Pvt Ltd, a group company of Visu International Ltd, is planning to expand it presence in Africa, Myanmar and Vietnam.As per report, the company will carry out its expansion plan in the phased manner. In the first phase, Conglome intends to invest INR 500 crore in the various sectors in Africa, Myanmar and Vietnam. As per report, they have identified 11 sectors in agriculture, education, mini hydro power generation and distribution, roads, housing, bore wells, manufacturing of ethanol and alcoholic & non alcoholic beverages to make the investment. The funds for the expansion will be raised from equity, banks and partners.Apart from this, Conglome is also in the process of acquiring 8 companies in Africa at the investment cost of INR 100 crore. Out of which INR 25 crore will be equity and the rest will be raised from foreign funding.
About the Management:
Mr.C.C.Reddy,ChairmanMr.C.C.Reddy started his practice as an Attorney in the year 1960. He was a Member of the Communist Party of India and a State Leader in the Trade Union Movement. Mr.Reddy was exposed to International Law and in late 60s, he represented India in various International Law Conferences held in Moscow, Berlin and Helsinki under the leadership of the Legendary Mr.V.K. Krishna Menon.
In 1973, he moved to the United States of America as an Immigrant and there he headed various International business corporations as Chief Executive. He had exclusive trade relations with both East and West European countries. During this period, he was a Member of the U.S. Technology Transfer society, U.S. Chamber of Commerce and Australian Chamber of Commerce. He also was a Special Invitee to the African National Congress and he addressed the ANC in Johannesburg, South Africa.
In 1983 he established Visu Consultants Limited in India which is today known as Visu International Limited. Visu International Limited is the Flagship Company of the Visu Group of Companies with its offices in 20 countries and has 2000 employees across the Globe. Visu Group deals in Education, Software, Manufacturing in 8 countries in Africa, Trading from Hong Kong and China with Retail Operations in India and Africa.
Mr.Reddy is a Member of the Osmania University Academic Senate. While in U.S.A he has been a keen observer of the U.S. political system and believes that some of the electoral practices could apply to Indian political system.
In the recent elections, he has been named as the Vice Chairman of the A.P. Congress Committee Campaign Committee. Mr.Reddy conceived, designed and telecast the campaign material. The efficacy of the campaign materials resulted in a land-slide victory for the Congress Party. Mr.Reddy has been appointed as Advisor to the Government of A.P. on Foreign Investments and NRI affairs. In fulfilling this responsibility and in order to benefit the farming community of A.P. in particular, Mr.Reddy is in the process of finalizing a lucrative Agricultural Development Scheme in African Countries where the A.P.Farmers would be relocated for using their skills and making their personal fortunes as other expatriates have done for centuries in these countries. Mr.Reddy is also helping in sourcing foreign investments from foreign countries for developmental projects in A.P.
Mr.Reddy has also entered into production of Feature Films and TV serials. One Telugu feature film is ready for release and production for two more films is going to start very soon. Mr.Reddy has plans to regularly produce feature films under the banner of Visu Films International.
At present CMP of INR 5.55, the stock looks very attractive and it will give a 200-350% return in time duration of 1-2 years.
Positive Points for this stock for Up moving:
1) Company doing very good and available very cheep at INR 5.55/-
2) Book Value 25/-; Company Assets 79 Crores.
3) Company planning to invest 500 Crores various sectors.
4) Company Having Good Corporate house in Hyderabad Business center and good Land Bank.
5) Company releasing Telugu Movie Soon. So Mumbai operators are accumulating with a target of INR 50/-
6) Company Doing Education Business; expecting good news from company.
7) Company planning to declare more future plans.
Visu International Ltd., was started in 1983, by Mr. C.C.Reddy, an NRI from USA, Founder and Chairman, built the huge organization, that it is today. From a humble beginning, today he succeeded in the uphill task of dispelling all the myths usually associated with ' study abroad' and have brought the concept of overseas education to the doorstep of every student, by making it affordable and devoid of cumbersome procedures.
Visu International Ltd. has more than 73 offices all over the world, placing more than 75000 students in Universities abroad. Our reach extends to five continents and Universities in most Countries like the US, UK, Canada, Ireland, Singapore, Malaysia, Nepal, Kenya, Tanzania, Uganda, France and Spain.
It offers the following services:
Councelling
Coaching for TOEFEL, GRE, GMAT, SAT in India .About 50000 students per year are getting coaching in various centres within India.
Application Processing for admission abroad
e- application status
Visa guidance
Post Visa services
Bank Loan guidance
Travel Assistance
This year is the Silver Anniversary Year of Visu International and Management is hopeful of surpassing Rs. 100 crore turnovers with a significant increase in the bottom line.
Future Prospects:
Project today reported that Conglome Industries Pvt Ltd, a group company of Visu International Ltd, is planning to expand it presence in Africa, Myanmar and Vietnam.As per report, the company will carry out its expansion plan in the phased manner. In the first phase, Conglome intends to invest INR 500 crore in the various sectors in Africa, Myanmar and Vietnam. As per report, they have identified 11 sectors in agriculture, education, mini hydro power generation and distribution, roads, housing, bore wells, manufacturing of ethanol and alcoholic & non alcoholic beverages to make the investment. The funds for the expansion will be raised from equity, banks and partners.Apart from this, Conglome is also in the process of acquiring 8 companies in Africa at the investment cost of INR 100 crore. Out of which INR 25 crore will be equity and the rest will be raised from foreign funding.
About the Management:
Mr.C.C.Reddy,ChairmanMr.C.C.Reddy started his practice as an Attorney in the year 1960. He was a Member of the Communist Party of India and a State Leader in the Trade Union Movement. Mr.Reddy was exposed to International Law and in late 60s, he represented India in various International Law Conferences held in Moscow, Berlin and Helsinki under the leadership of the Legendary Mr.V.K. Krishna Menon.
In 1973, he moved to the United States of America as an Immigrant and there he headed various International business corporations as Chief Executive. He had exclusive trade relations with both East and West European countries. During this period, he was a Member of the U.S. Technology Transfer society, U.S. Chamber of Commerce and Australian Chamber of Commerce. He also was a Special Invitee to the African National Congress and he addressed the ANC in Johannesburg, South Africa.
In 1983 he established Visu Consultants Limited in India which is today known as Visu International Limited. Visu International Limited is the Flagship Company of the Visu Group of Companies with its offices in 20 countries and has 2000 employees across the Globe. Visu Group deals in Education, Software, Manufacturing in 8 countries in Africa, Trading from Hong Kong and China with Retail Operations in India and Africa.
Mr.Reddy is a Member of the Osmania University Academic Senate. While in U.S.A he has been a keen observer of the U.S. political system and believes that some of the electoral practices could apply to Indian political system.
In the recent elections, he has been named as the Vice Chairman of the A.P. Congress Committee Campaign Committee. Mr.Reddy conceived, designed and telecast the campaign material. The efficacy of the campaign materials resulted in a land-slide victory for the Congress Party. Mr.Reddy has been appointed as Advisor to the Government of A.P. on Foreign Investments and NRI affairs. In fulfilling this responsibility and in order to benefit the farming community of A.P. in particular, Mr.Reddy is in the process of finalizing a lucrative Agricultural Development Scheme in African Countries where the A.P.Farmers would be relocated for using their skills and making their personal fortunes as other expatriates have done for centuries in these countries. Mr.Reddy is also helping in sourcing foreign investments from foreign countries for developmental projects in A.P.
Mr.Reddy has also entered into production of Feature Films and TV serials. One Telugu feature film is ready for release and production for two more films is going to start very soon. Mr.Reddy has plans to regularly produce feature films under the banner of Visu Films International.
At present CMP of INR 5.55, the stock looks very attractive and it will give a 200-350% return in time duration of 1-2 years.
Positive Points for this stock for Up moving:
1) Company doing very good and available very cheep at INR 5.55/-
2) Book Value 25/-; Company Assets 79 Crores.
3) Company planning to invest 500 Crores various sectors.
4) Company Having Good Corporate house in Hyderabad Business center and good Land Bank.
5) Company releasing Telugu Movie Soon. So Mumbai operators are accumulating with a target of INR 50/-
6) Company Doing Education Business; expecting good news from company.
7) Company planning to declare more future plans.
Sunday, June 28, 2009
How to analyse an IPO
The year 2008 was one of drought as far as Initial Public Offers (IPO) goes. But with a revival of sorts in the markets, quite a few of these are lined up, with one — that of Mahindra Holiday and Resorts — already through. Investing in an IPO is a shade trickier than an existing company since not much information about it — financial or otherwise — will be publicly available. This is where, as a rule, the prospectus comes in as the best possible source of comprehensive information on the company.
Since the bulky document may appear a tad intimidating to the new investor, here are a few guidelines on how to pick relevant information, and what to base your investment decision on.
Any issue prospectus will be divided into seven sections — risk factors, an introduction to and detailed information about the company, financial information, details on the issue, legal and other regulatory information. Of these, the company background and business model, the industry it operates in, purpose of the issue, financial performance and risk factors are areas you should concentrate on.
The year 2008 was one of drought as far as Initial Public Offers (IPO) goes. But with a revival of sorts in the markets, quite a few of these are lined up, with one — that of Mahindra Holiday and Resorts — already through. Investing in an IPO is a shade trickier than an existing company since not much information about it — financial or otherwise — will be publicly available. This is where, as a rule, the prospectus comes in as the best possible source of comprehensive information on the company.
Since the bulky document may appear a tad intimidating to the new investor, here are a few guidelines on how to pick relevant information, and what to base your investment decision on.
Any issue prospectus will be divided into seven sections — risk factors, an introduction to and detailed information about the company, financial information, details on the issue, legal and other regulatory information. Of these, the company background and business model, the industry it operates in, purpose of the issue, financial performance and risk factors are areas you should concentrate on.
Business :
The section ‘About the Company’ gives a detailed description of the nature of the company and its business models; understand how and where the company accrues revenue, and if it is sustainable.
This includes going back to the history of the company, since it explains how the company has developed over the years, acquisitions made, milestones crossed, subsidiary activity, all of which are indicators of the consistency of performance and sustainability.
If possible, compare revenue models with those of existing peer companies to identify if, and where, the company has an advantage. If any competitor is already listed, use it as a comparison for performance, valuations, financials, and strategies.
Also included in the business section is an overview of the industry. Scrutinise it thoroughly to get a grip on the future of the industry and the company’s own prospects within it. As far as financials go, analyse these as you would for any other company.
Strengths:
The company will list its ‘strengths’ — what it considers as an edge over peers — again in the business section. Give these a once-over, paying attention to the details only if the said strength stands out — for example, Gitanjali Gems has a diamond sourcing agreement with Diamond Trading Corp, a key strength since the company is ensured of access to good quality rough diamonds which most peers do not enjoy. Sizeable market share (check source of data here), backward integration, and so on, are other factors favouring the company.
Take the strengths with a pinch of salt, since companies sometimes tend to paint a brighter picture than what they actually are. Conclude yourself if the point given in reality works in the company’s favour significantly.
Risks :
Risks detailed are wide-ranging, from an economic scenario to company-specific, which must be noted to understand potential downside to your investment. Risks are explained at the start of the prospectus.
Some risks given are general in nature and can be ignored, such as political instability, natural calamities, competition from peers and such, which are usually applicable to all companies, regardless of industry.
Legal issues that have a significant bearing on the functioning of the company, are also given here — for example, Mahindra Holidays has a resort in Munnar, where the land is under legal proceedings since it was said to be agricultural.
Now if the case goes against Mahindra, it will mean closure of a flagship resort and loss of revenue from it.
Understanding such material legal proceedings allows you to skip most of the section on legal issues that appears later in the prospectus. For example, legal issues regarding taxes, labour and such need not be combed through.
Objects:
The purpose of the issue is explained in depth, and companies are required to explain the utilisation of funds raised in subsequent annual reports.
Proceeds from the issue can go towards any number of purposes, from repayment of debt to working capital, from capacity expansion to company acquisitions besides covering issue expenses. Fund utilisation should, as far as possible, contribute to revenue generation and earnings expansion.
For example, companies may raise funds to either ramp up production capacity which may lead to increased sales, or to pay back high-cost debt resulting in lower interest costs and more leveraging capability; or for acquisitions that may add to revenues. However, the time taken to accomplish the stated objectives needs to be gauged.
Check the amount of funds set aside for issue expenses, which include advertising and promotion, printing of the prospectus and so on. Check also whether the proceeds of the IPO go entirely to the company; some IPOs involve a stake sale by the promoters in which case funds raised would not accrue to the company.
Other sections you can glance through are the regulations and policies the company is subject to, the management team and the relevant experience they hold and the instructions to bidders in the section detailing the issue — just to make sure you don’t inadvertently mess up your application.
Since the bulky document may appear a tad intimidating to the new investor, here are a few guidelines on how to pick relevant information, and what to base your investment decision on.
Any issue prospectus will be divided into seven sections — risk factors, an introduction to and detailed information about the company, financial information, details on the issue, legal and other regulatory information. Of these, the company background and business model, the industry it operates in, purpose of the issue, financial performance and risk factors are areas you should concentrate on.
The year 2008 was one of drought as far as Initial Public Offers (IPO) goes. But with a revival of sorts in the markets, quite a few of these are lined up, with one — that of Mahindra Holiday and Resorts — already through. Investing in an IPO is a shade trickier than an existing company since not much information about it — financial or otherwise — will be publicly available. This is where, as a rule, the prospectus comes in as the best possible source of comprehensive information on the company.
Since the bulky document may appear a tad intimidating to the new investor, here are a few guidelines on how to pick relevant information, and what to base your investment decision on.
Any issue prospectus will be divided into seven sections — risk factors, an introduction to and detailed information about the company, financial information, details on the issue, legal and other regulatory information. Of these, the company background and business model, the industry it operates in, purpose of the issue, financial performance and risk factors are areas you should concentrate on.
Business :
The section ‘About the Company’ gives a detailed description of the nature of the company and its business models; understand how and where the company accrues revenue, and if it is sustainable.
This includes going back to the history of the company, since it explains how the company has developed over the years, acquisitions made, milestones crossed, subsidiary activity, all of which are indicators of the consistency of performance and sustainability.
If possible, compare revenue models with those of existing peer companies to identify if, and where, the company has an advantage. If any competitor is already listed, use it as a comparison for performance, valuations, financials, and strategies.
Also included in the business section is an overview of the industry. Scrutinise it thoroughly to get a grip on the future of the industry and the company’s own prospects within it. As far as financials go, analyse these as you would for any other company.
Strengths:
The company will list its ‘strengths’ — what it considers as an edge over peers — again in the business section. Give these a once-over, paying attention to the details only if the said strength stands out — for example, Gitanjali Gems has a diamond sourcing agreement with Diamond Trading Corp, a key strength since the company is ensured of access to good quality rough diamonds which most peers do not enjoy. Sizeable market share (check source of data here), backward integration, and so on, are other factors favouring the company.
Take the strengths with a pinch of salt, since companies sometimes tend to paint a brighter picture than what they actually are. Conclude yourself if the point given in reality works in the company’s favour significantly.
Risks :
Risks detailed are wide-ranging, from an economic scenario to company-specific, which must be noted to understand potential downside to your investment. Risks are explained at the start of the prospectus.
Some risks given are general in nature and can be ignored, such as political instability, natural calamities, competition from peers and such, which are usually applicable to all companies, regardless of industry.
Legal issues that have a significant bearing on the functioning of the company, are also given here — for example, Mahindra Holidays has a resort in Munnar, where the land is under legal proceedings since it was said to be agricultural.
Now if the case goes against Mahindra, it will mean closure of a flagship resort and loss of revenue from it.
Understanding such material legal proceedings allows you to skip most of the section on legal issues that appears later in the prospectus. For example, legal issues regarding taxes, labour and such need not be combed through.
Objects:
The purpose of the issue is explained in depth, and companies are required to explain the utilisation of funds raised in subsequent annual reports.
Proceeds from the issue can go towards any number of purposes, from repayment of debt to working capital, from capacity expansion to company acquisitions besides covering issue expenses. Fund utilisation should, as far as possible, contribute to revenue generation and earnings expansion.
For example, companies may raise funds to either ramp up production capacity which may lead to increased sales, or to pay back high-cost debt resulting in lower interest costs and more leveraging capability; or for acquisitions that may add to revenues. However, the time taken to accomplish the stated objectives needs to be gauged.
Check the amount of funds set aside for issue expenses, which include advertising and promotion, printing of the prospectus and so on. Check also whether the proceeds of the IPO go entirely to the company; some IPOs involve a stake sale by the promoters in which case funds raised would not accrue to the company.
Other sections you can glance through are the regulations and policies the company is subject to, the management team and the relevant experience they hold and the instructions to bidders in the section detailing the issue — just to make sure you don’t inadvertently mess up your application.
SBI cuts car loan rates
To increase its credit offtake and market share, State Bank of India on Saturday reduced the interest rate on car loans to 8 per cent for the first year. For the second and third years, the bank will charge 10 per cent, and from the fourth year it will charge the then prevailing rate.
SBI’s car loan scheme is available for new cars and also for balance transfers, that is, those who have borrowed from other banks can transfer their loans to SBI at lower rates. “We want to increase our auto loan portfolio and the penetration of auto loans. We have been able to find business logic, while others have not been able to,” said a senior bank official.
Starting from Monday, the bank’s card rates for car loans will range between 11 and 11.5 per cent, which is 25-75 basis points below the BPLR of 11.75 per cent. In February, the bank had launched a car loan scheme that offered funding at 10 per cent for a year. The scheme was on till May and was extended till September.
Under the car loan scheme, the bank’s disbursement touched around Rs 300 crore a month and with the further reduction in interest rates it may go up some more, said a senior official from the bank.
The bank’s auto loan portfolio is currently at over Rs 9,000 crore and it is now the largest financier of new cars.
Even under its special scheme of home loans at 8 per cent fixed for a year, the bank has been able to lure a significant number of customers away from other banks. Till mid-March, the bank had sanctioned Rs 1,350 crore under the special home loan scheme.
The bank cut its BPLR by 50 basis points, with effect from June 29
Indian stocks best performers across the world in 2009 so far
Indian stocks have emerged as the best performers among those in the emerging and the developed markets across the globe so far this giving investors the highest return of nearly 60 per cent. According to an analysis of MSCI Barra indices, a measure of returns from various stock markets across the world for foreign investors, Indian stocks have outperformed their global peers, including in the US, the UK and China in 2009 so far. Indian stocks have provided a return of 59.30 per cent year-to-date, against 34.37 per cent gains provided by MSCI Barra's emerging market index, covering all developing nations. Indian stocks have even outperformed all the developed world markets covered by MSCI Barra, as the markets in the US and the UK gave returns of just 2.33 per cent and 10.17 per cent, respectively, so far this year. Among the emerging BRIC (Brazil, Russia, India and China) nations, the Brazilian market was the closest competitor with gains of 56.89 per cent till June 26 this year. The Chinese and the Russian markets have given returns of 36.77 per cent and 41.61 per cent, respectively, in the year so far. The 30-share benchmark index of Indian stocks, Sensex, gained over 5,000 points in the year so far to settle at 14,764.64 points on June 26 compared to 9,600 levels on December 31, 2008.
Saturday, June 27, 2009
DRA International: An engineering company in complete "Mining Solution"
The DRA Group is a multi-disciplinary, multi-national organisation that specialises in project management in mining, infrastructure and mineral process plant design and construction. One of the largest project management enterprises in Africa, DRA's South African-founded group of companies has constructed plants located on five continents.DRA offers expertise in Process Engineering, Electrical and Instrumentation Engineering, Mechanical Engineering, Civil and Structural Engineering, Infrastructure Engineering, Materials Handling, Winder Engineering, Mine Engineering, process plant operations and maintenance management. DRA also offer services in pre-feasibility and feasibility studies, procurement of equipment and supplies, fabrication and erection, commissioning and training.
DRA manage projects with a 'zero harm' focus evident in their excellent safety record. DRA utilise world class quality standards, systems and procedures which are based on ISO standards. Currently they are preparing for ISO Certification.
DRA has offices located in mining areas around the world. The company’s highly regarded complement of professional engineers (of all disciplines) in conjunction with draughting, support services and safety management teams, combine to project manage, design and construct mines for clients worldwide.
A key element of DRA's success and capability is Minopex, one of the group companies, which operates mineral processing plants on a medium term contract basis. Add to this the competence of DRA’s mine winder specialist division and DRA's mining division, and group has the expertise to offer the entire spectrum of mining services. Effectively DRA is a one-stop-shop to mineral rights owners who wish to convert their resource into wealth.
DRA manage projects with a 'zero harm' focus evident in their excellent safety record. DRA utilise world class quality standards, systems and procedures which are based on ISO standards. Currently they are preparing for ISO Certification.
DRA has offices located in mining areas around the world. The company’s highly regarded complement of professional engineers (of all disciplines) in conjunction with draughting, support services and safety management teams, combine to project manage, design and construct mines for clients worldwide.
A key element of DRA's success and capability is Minopex, one of the group companies, which operates mineral processing plants on a medium term contract basis. Add to this the competence of DRA’s mine winder specialist division and DRA's mining division, and group has the expertise to offer the entire spectrum of mining services. Effectively DRA is a one-stop-shop to mineral rights owners who wish to convert their resource into wealth.
A list of Indian Mining Companies
20 Microns Limited - Producer of industrial functional minerals
Ashapura Minechem - Industrial minerals exporter
Bird Group of Companies - Consortium of coal, limestone and mineral exploring companies
Bombay Mineral - Manufacturer minerals and refractories
Central Mine Planning & Design Institute - Exploration, mine planning & design
Export Linkers - Mica flakes and powder manufacturer
GR Group - Mining and processing of mica
Indian Metals and Ferro Alloys - Power generation and chrome ore mining
JM Exports - Mica exporters
Kariganur Mineral Mining Industry, Hospet - Iron ore producer
Kerala Minerals & Metals - Mineral producer & separator
Kudremukh Iron Ore - Iron ore concentrate & pellets
Mahavir Minerals - Manufacturer & exporter of feldspar, quartz, mica etc
Mitco - Supplier of industrial minerals
Neyveli Lignite Corporation - Open-cast mechanised lignite mining
Neyveli Lignite Corporation - Lignite mining & thermal power generation
Orissa Mining Corporation - Iron, chromite & manganese mining
Parasramka Mica Industries - Mica manufacturer
Resources International - Production & export of iron ore
Rockwell Engineering - Equipment for underground and surface mining
Rungta Mines - Mining of iron & manganese ore
Sahjanand Group - Manganese dioxide and ferro alloys manufacturer
Tamil Nadu Magnesite Limited - Exploration & preservation of magnesite mineral ore
Timblo Ltd - Involved in iron and manganese ore mining and export
Tungabhadra Minerals - Involved in iron ore mining
Unotherm - Refractories, insulations, refractory raw material and minerals supplier
Ashapura Minechem - Industrial minerals exporter
Bird Group of Companies - Consortium of coal, limestone and mineral exploring companies
Bombay Mineral - Manufacturer minerals and refractories
Central Mine Planning & Design Institute - Exploration, mine planning & design
Export Linkers - Mica flakes and powder manufacturer
GR Group - Mining and processing of mica
Indian Metals and Ferro Alloys - Power generation and chrome ore mining
JM Exports - Mica exporters
Kariganur Mineral Mining Industry, Hospet - Iron ore producer
Kerala Minerals & Metals - Mineral producer & separator
Kudremukh Iron Ore - Iron ore concentrate & pellets
Mahavir Minerals - Manufacturer & exporter of feldspar, quartz, mica etc
Mitco - Supplier of industrial minerals
Neyveli Lignite Corporation - Open-cast mechanised lignite mining
Neyveli Lignite Corporation - Lignite mining & thermal power generation
Orissa Mining Corporation - Iron, chromite & manganese mining
Parasramka Mica Industries - Mica manufacturer
Resources International - Production & export of iron ore
Rockwell Engineering - Equipment for underground and surface mining
Rungta Mines - Mining of iron & manganese ore
Sahjanand Group - Manganese dioxide and ferro alloys manufacturer
Tamil Nadu Magnesite Limited - Exploration & preservation of magnesite mineral ore
Timblo Ltd - Involved in iron and manganese ore mining and export
Tungabhadra Minerals - Involved in iron ore mining
Unotherm - Refractories, insulations, refractory raw material and minerals supplier
Thursday, June 25, 2009
Crisil sees house market recovery in 2010
Mumbai, June 24 Demand in the Indian residential market is expected to turn positive in 2010 due to improvement in affordability, steady economic growth and greater liquidity, says a Crisil research report on the real estate sector.
However, the decline in the currently overpriced capital values of all three real estate segments of residential, commercial and retail will persist through 2009. Commercial and retail markets will continue to see erosion of lease rentals in the next two years, it says.
The report is an analysis of over 400 areas across 88 micro-markets in Ahmedabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai-MMR, National Capital Region and Pune.
Mr Sudhir Nair, Head, Crisil Research, said: “Accelerated growth of Indian economy, recovery of global economy, improved liquidity and expected fall in interest rates are key factors that will signal demand revival in the residential segment. This segment is likely to see a much faster revival due to a strong underlying demand for housing and supply coming at attractive price points.”
The demand in the commercial and retail segments is likely to remain under stress the next two years owing to excess supply and weak offtake, he added.
The report says capital values for residential sector and lease rentals for commercial and retail properties had substantially corrected till March due to a slowdown in both the domestic and global economies, and also due to real estate becoming unaffordable.
Kochi, Chandigarh and Pune, which have greater investor presence as against end-users, saw a greater fall in capital values compared to other cities. The situation is expected to continue through 2009 and 2010, particularly in the commercial and retail segments.
However, Crisil Research believes that demand for houses will improve in 2010, backed by lower home loan interest rates as well as better job security owing to higher growth in the economy.(Courtesy: Business Line,Thursday, Jun 25, 2009)
However, the decline in the currently overpriced capital values of all three real estate segments of residential, commercial and retail will persist through 2009. Commercial and retail markets will continue to see erosion of lease rentals in the next two years, it says.
The report is an analysis of over 400 areas across 88 micro-markets in Ahmedabad, Bangalore, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai-MMR, National Capital Region and Pune.
Mr Sudhir Nair, Head, Crisil Research, said: “Accelerated growth of Indian economy, recovery of global economy, improved liquidity and expected fall in interest rates are key factors that will signal demand revival in the residential segment. This segment is likely to see a much faster revival due to a strong underlying demand for housing and supply coming at attractive price points.”
The demand in the commercial and retail segments is likely to remain under stress the next two years owing to excess supply and weak offtake, he added.
The report says capital values for residential sector and lease rentals for commercial and retail properties had substantially corrected till March due to a slowdown in both the domestic and global economies, and also due to real estate becoming unaffordable.
Kochi, Chandigarh and Pune, which have greater investor presence as against end-users, saw a greater fall in capital values compared to other cities. The situation is expected to continue through 2009 and 2010, particularly in the commercial and retail segments.
However, Crisil Research believes that demand for houses will improve in 2010, backed by lower home loan interest rates as well as better job security owing to higher growth in the economy.(Courtesy: Business Line,Thursday, Jun 25, 2009)
Wednesday, June 24, 2009
Brushman(India) Ltd: Multibagger in making
The Company was incorporated in the name and style of BRUSHMAN (INDIA) PRIVATE LIMITED under the Companies Act, 1956 as a private limited Company on 25th January 1993 issued by the Registrar of Companies, Delhi & Haryana. The Company became a public limited company on 16th November 1994.
PRESENT BUSINESS OF THE COMPANY
BIL is the largest manufacturer of paint brushes in India. BRUSHMAN brand of paint brushes are the only brushes available on a nation wide platform and is the largest selling singular brand of paint brush. Apart from paint brushes, BIL is also into manufacture of artist brushes, wire brushes, paint rollers & putty knives.
The Company is now putting up an integrated manufacturing plant in Pantnagar, Uttranchal to manufacture paint brushers, wire brushes, artist brushes, and hair brushes. It is noteworthy that Denman International Ltd., U.K., who are the World's largest manufacturer of hair brushes and who have also invested in the equity of BIL, are giving free technical know-how to manufacture hair brushes and around 34 qualities of hair brushes/combs which shall be manufactured by BIL at the Pantnagar plant shall be exported to Denman International Ltd. For their global markets.
The land for the new plant was acquired in October 2005 and construction work is in full swing. The company expects production to commence by December 2006.
It may be added that the Company shall enjoy all fiscal benefits granted by the Central Govt. for setting up the plant in Pantnagar, Uttranchal.
2. HAIR CARE PRODUCTS
Denman International Limited, UK
BIL made it first foray into cosmetic products in 1996 with a strategic distribution alliance with Denman International Ltd, UK, to market the renowned `Denman' range of hair brushes in India and the SAARC region.
Denman International Limited (DIL) is a subsidiary of Denroy Group, established in 1972. DIL is the UK's largest manufacturer and supplier of hairbrushes and hair accessories, which are exported to more than 72 countries worldwide. The company works in partnership with other companies from the hairdressing industry and has a reputation for developing innovative products. Most of the worldwide patents for hairbrushes are IPR of DIL.
DIL is now entering into a manufacturing agreement with Brushman, which gives BIL the manufacturing right to make select `Denman' products in India on a licence basis. 34 varieties of combs/brushes have been identified and original Denman tooling is in India for commencing exports to Denman. BIL plans to set up the manufacturing facility at Pantnagar (Uttaranchal)
Sales Network for Denman products in India is largely retail oriented. Some ranges of `Denman' hairbrushes are exclusively meant for the salons, which are routed through the Professional Salon network.
Keune, a family owned Dutch company, develops and manufactures exclusive hair cosmetics since 1922. It has an image of credibility based on more than 80 years of experience and possesses one of the best research laboratories in Europe. Keune has a wide range of products including Tinta Colors consisting of 78 Color Shades, Shampoos, Conditioners, Gels, Mousses, Hairsprays, treatment line of lotions for dandruff, falling hair, dry hair etc.
For Keune products the marketing network is primarily the Professional channel comprising of salons and beauty parlours.
Keune Hair Cosmetics, B.V. Holland has invested in 7,00,000 equity shares of Brushman India) Limited ,which were allotted on preferential basis U/S 81(1A) on 28.09.2005.
Brushman (India) Limited, one of the leading manufacturers of paintbrushes, is the only listed company in the country in its category. The company prides itself for being the manufacturer of the largest variety of branded paintbrushes in India. The company has the most sound distribution network, unmatched by any other product in the category. Today, a national network of 2200 distributors and 1000 sub-dealers market the Brushman product.
Brushman brushes are characterized by their superior quality, vast variety and reasonable price range that differentiate them from competing brands. As a matter of pride, the product was adjudged the best in terms of its quality when it was awarded the "INTERNATIONAL DIAMOND STAR OF QUALITY" in 1996, followed by the "EXCELLENCE AWARD" conferred by the Institute of Economic Studies (India) for maintaining the highest quality standards.
The company diversified its operations in 1996 and entered into a distribution agreement with Denman International Ltd., U.K., for distributing the Denman range of hair care products in India, Sri Lanka and Nepal. With a reputed consumer brand product now in hand, a strong salon/distribution network was established. Today, Brushman can proudly claim that their existing distributors are the Most Powerful people in the salon/ cosmetic business.
To further augment its product portfolio, Brushman entered into a strategic tie-up with Keune Hair cosmetics, a Dutch company, which has over 83 years of experience in hair care products. Keune hair products are exclusively developed for professional use, and are launched in the market only after they undergo a thorough research for best ingredients and compositions in the most advanced laboratories in Europe.
Brushman believes very strongly in maintaining its high quality and standardization and is forever committed towards bringing the latest, safest, most exciting and innovative life style products to its customers.
Recomendation: Retail investor can choose this stock for a target of 100-120 for a time span of 1-2 yrs.
PRESENT BUSINESS OF THE COMPANY
BIL is the largest manufacturer of paint brushes in India. BRUSHMAN brand of paint brushes are the only brushes available on a nation wide platform and is the largest selling singular brand of paint brush. Apart from paint brushes, BIL is also into manufacture of artist brushes, wire brushes, paint rollers & putty knives.
The Company is now putting up an integrated manufacturing plant in Pantnagar, Uttranchal to manufacture paint brushers, wire brushes, artist brushes, and hair brushes. It is noteworthy that Denman International Ltd., U.K., who are the World's largest manufacturer of hair brushes and who have also invested in the equity of BIL, are giving free technical know-how to manufacture hair brushes and around 34 qualities of hair brushes/combs which shall be manufactured by BIL at the Pantnagar plant shall be exported to Denman International Ltd. For their global markets.
The land for the new plant was acquired in October 2005 and construction work is in full swing. The company expects production to commence by December 2006.
It may be added that the Company shall enjoy all fiscal benefits granted by the Central Govt. for setting up the plant in Pantnagar, Uttranchal.
2. HAIR CARE PRODUCTS
Denman International Limited, UK
BIL made it first foray into cosmetic products in 1996 with a strategic distribution alliance with Denman International Ltd, UK, to market the renowned `Denman' range of hair brushes in India and the SAARC region.
Denman International Limited (DIL) is a subsidiary of Denroy Group, established in 1972. DIL is the UK's largest manufacturer and supplier of hairbrushes and hair accessories, which are exported to more than 72 countries worldwide. The company works in partnership with other companies from the hairdressing industry and has a reputation for developing innovative products. Most of the worldwide patents for hairbrushes are IPR of DIL.
DIL is now entering into a manufacturing agreement with Brushman, which gives BIL the manufacturing right to make select `Denman' products in India on a licence basis. 34 varieties of combs/brushes have been identified and original Denman tooling is in India for commencing exports to Denman. BIL plans to set up the manufacturing facility at Pantnagar (Uttaranchal)
Sales Network for Denman products in India is largely retail oriented. Some ranges of `Denman' hairbrushes are exclusively meant for the salons, which are routed through the Professional Salon network.
Keune, a family owned Dutch company, develops and manufactures exclusive hair cosmetics since 1922. It has an image of credibility based on more than 80 years of experience and possesses one of the best research laboratories in Europe. Keune has a wide range of products including Tinta Colors consisting of 78 Color Shades, Shampoos, Conditioners, Gels, Mousses, Hairsprays, treatment line of lotions for dandruff, falling hair, dry hair etc.
For Keune products the marketing network is primarily the Professional channel comprising of salons and beauty parlours.
Keune Hair Cosmetics, B.V. Holland has invested in 7,00,000 equity shares of Brushman India) Limited ,which were allotted on preferential basis U/S 81(1A) on 28.09.2005.
Brushman (India) Limited, one of the leading manufacturers of paintbrushes, is the only listed company in the country in its category. The company prides itself for being the manufacturer of the largest variety of branded paintbrushes in India. The company has the most sound distribution network, unmatched by any other product in the category. Today, a national network of 2200 distributors and 1000 sub-dealers market the Brushman product.
Brushman brushes are characterized by their superior quality, vast variety and reasonable price range that differentiate them from competing brands. As a matter of pride, the product was adjudged the best in terms of its quality when it was awarded the "INTERNATIONAL DIAMOND STAR OF QUALITY" in 1996, followed by the "EXCELLENCE AWARD" conferred by the Institute of Economic Studies (India) for maintaining the highest quality standards.
The company diversified its operations in 1996 and entered into a distribution agreement with Denman International Ltd., U.K., for distributing the Denman range of hair care products in India, Sri Lanka and Nepal. With a reputed consumer brand product now in hand, a strong salon/distribution network was established. Today, Brushman can proudly claim that their existing distributors are the Most Powerful people in the salon/ cosmetic business.
To further augment its product portfolio, Brushman entered into a strategic tie-up with Keune Hair cosmetics, a Dutch company, which has over 83 years of experience in hair care products. Keune hair products are exclusively developed for professional use, and are launched in the market only after they undergo a thorough research for best ingredients and compositions in the most advanced laboratories in Europe.
Brushman believes very strongly in maintaining its high quality and standardization and is forever committed towards bringing the latest, safest, most exciting and innovative life style products to its customers.
Recomendation: Retail investor can choose this stock for a target of 100-120 for a time span of 1-2 yrs.
Sunday, June 7, 2009
Market Alert
Ketan Parekh-linked scrips gain 76% in May; plunged after SEBI order
The stocks , in which Ketan Parekh appeared to be trading through his front entities, gained up to 76 per cent in May, but fell to their lower circuits after SEBI debarred 26 entities and individuals for manupulative trading in these scrips These five scrips -- Cals Refineries, Confidence Petroleum India Ltd, Bang Overseas Ltd, Shree Precoated Steels Ltd (now known as Ajmera Realty & Infra India Ltd) and Temptation Foods Ltd -- were trading mostly with gains during May. During the month, Confidence Petroleum India soared as much as 76 per cent on the BSE. The scrip which on May 4 was trading at Rs 6.75 ended May's trade at Rs 11.88 on BSE. Further, Cals Refineries stock surged 34 per cent on the BSE during last month from Rs 0.86 to Rs 0.91 per share. Shares of Temptation Foods jumped 16 per cent in May , while Shree Precoated Steels gained 6 per cent on the BSE. SEBI on Thursday debarred 26 entities from the securities market, after an investigation into possible manipulative trading by them in these five stocks. In the same order, SEBI also noted that debarred stock broker Ketan Parekh appeared to be trading in the stock market through at least five of these entities. Parekh and the entities related to him were banned by the market regulator from participating in securities market for masterminding the multi-crore stock scam during 1999-2001. SEBI has also said the entities being debarred made substantial losses on account of the dealings in the scrips of Cals Refineries, Shree Precoated Steels and Temptation Foods. Following the SEBI order, these stocks had hit their lowest permissible trade limit on Friday, while one Shree Precoated Steel's scrip is suspended from May 8. (Courtesy: Economic Times)
The stocks , in which Ketan Parekh appeared to be trading through his front entities, gained up to 76 per cent in May, but fell to their lower circuits after SEBI debarred 26 entities and individuals for manupulative trading in these scrips These five scrips -- Cals Refineries, Confidence Petroleum India Ltd, Bang Overseas Ltd, Shree Precoated Steels Ltd (now known as Ajmera Realty & Infra India Ltd) and Temptation Foods Ltd -- were trading mostly with gains during May. During the month, Confidence Petroleum India soared as much as 76 per cent on the BSE. The scrip which on May 4 was trading at Rs 6.75 ended May's trade at Rs 11.88 on BSE. Further, Cals Refineries stock surged 34 per cent on the BSE during last month from Rs 0.86 to Rs 0.91 per share. Shares of Temptation Foods jumped 16 per cent in May , while Shree Precoated Steels gained 6 per cent on the BSE. SEBI on Thursday debarred 26 entities from the securities market, after an investigation into possible manipulative trading by them in these five stocks. In the same order, SEBI also noted that debarred stock broker Ketan Parekh appeared to be trading in the stock market through at least five of these entities. Parekh and the entities related to him were banned by the market regulator from participating in securities market for masterminding the multi-crore stock scam during 1999-2001. SEBI has also said the entities being debarred made substantial losses on account of the dealings in the scrips of Cals Refineries, Shree Precoated Steels and Temptation Foods. Following the SEBI order, these stocks had hit their lowest permissible trade limit on Friday, while one Shree Precoated Steel's scrip is suspended from May 8. (Courtesy: Economic Times)
Market potential ,future prospects & multibagger stock advice
I am feeling comfortable in writting my blog after couple of months.Indian stock mareket have enough potential to cross 20,000 landmark by Dec'2009.
Stock Exchange news:
A total of about 1.2 lakh new stock market investors opened their demat accounts, which is necessary to trade in equities, during the month of May, according to data available with the two depositories, National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). This has increased the total number of demat accounts in the country to over 1.5 crore. The market experts believe that the inflow of a large number of new investors into the market could be attributed the sharp surge in the recent months as well as expectations for revival of the IPO market with some fundamentally-sound public issues by the government-run companies. The total investor wealth, measured in terms of cumulative market capitalisation of all the listed companies, has soared to about Rs 51,00,000 crore. This represents a gain of about Rs 23,00,000 crore from the level seen in later October last year, although it is still about Rs 20,00,000 crore below the peak seen in January 2008. With the benchmark Sensex hitting its record high of 21,206.77 points on January 10, 2008, the total investor wealth had risen to a high of about Rs 72,00,000 crore at that time. However, a sharp meltdown thereafter pulled the Sensex to below 8,000-mark in late October 2008. Since then, the Sensex has nearly doubled and has regained 15,000-point mark. Out of the total gain of about 7,500 points in the benchmark Sensex since its 52-week low of 7,697.39 points on October 27, 2008, nearly half the gain has materialised in the past one month alone (Courtesy: Economic Times). There are some stocks which are still undervalued and it can give retail investors a good return after a stipulated time frame.Here is the multibagger stock list for reference:
Pioneer Embroidaries
Krishna Lifestyle
Praj Industries
Vikash Metal & Power
Marg Ltd
Gitanjali Gem
Classic Diamond
Southern Online Biotech
Sanguine Media
Kohinoor Broadcasting
Tanla Solution
Genus Power Infrastructure
Suryachakra Power corporation
Surana telecom & power
Indiabulls retail.
Vijaya Bank
Austin Engineering
Deccan gold mines
These stock can give you 5-7 times return in a stipulated time frame of 1-2 years.
Stock Exchange news:
A total of about 1.2 lakh new stock market investors opened their demat accounts, which is necessary to trade in equities, during the month of May, according to data available with the two depositories, National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). This has increased the total number of demat accounts in the country to over 1.5 crore. The market experts believe that the inflow of a large number of new investors into the market could be attributed the sharp surge in the recent months as well as expectations for revival of the IPO market with some fundamentally-sound public issues by the government-run companies. The total investor wealth, measured in terms of cumulative market capitalisation of all the listed companies, has soared to about Rs 51,00,000 crore. This represents a gain of about Rs 23,00,000 crore from the level seen in later October last year, although it is still about Rs 20,00,000 crore below the peak seen in January 2008. With the benchmark Sensex hitting its record high of 21,206.77 points on January 10, 2008, the total investor wealth had risen to a high of about Rs 72,00,000 crore at that time. However, a sharp meltdown thereafter pulled the Sensex to below 8,000-mark in late October 2008. Since then, the Sensex has nearly doubled and has regained 15,000-point mark. Out of the total gain of about 7,500 points in the benchmark Sensex since its 52-week low of 7,697.39 points on October 27, 2008, nearly half the gain has materialised in the past one month alone (Courtesy: Economic Times). There are some stocks which are still undervalued and it can give retail investors a good return after a stipulated time frame.Here is the multibagger stock list for reference:
Pioneer Embroidaries
Krishna Lifestyle
Praj Industries
Vikash Metal & Power
Marg Ltd
Gitanjali Gem
Classic Diamond
Southern Online Biotech
Sanguine Media
Kohinoor Broadcasting
Tanla Solution
Genus Power Infrastructure
Suryachakra Power corporation
Surana telecom & power
Indiabulls retail.
Vijaya Bank
Austin Engineering
Deccan gold mines
These stock can give you 5-7 times return in a stipulated time frame of 1-2 years.
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