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June 12, 2000
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|
|
| Company |
Kirloskar Multimedia |
| Market Price |
Not listed |
| Lead manager |
Ind Global Financial Trust, SMIFS Capital Markets
|
| Listing At |
BSE, Bangalore |
| Opening/Closing |
June 12, 2000 / June 19, 2000 |
| Promoters |
Sukumar Kirloskar, Ajay Kirolskar, Padmaja S Kirloskar
|
| Associate Co. |
Kirloskar Multimedia Inc. USA, Kirloskar Dimensions Pvt. Ltd.
|
| Managing Director |
Ajay Sukumar Kirloskar
|
| Post-issue Stake |
69.52%
|
| Issue |
|
| Size |
Rs 36.5 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
Nil
|
| Objective |
To retire debt, purchase equipment, fund product marketing expenses, set up an international marketing office, meet product development expenses
|
| Business |
|
| Product |
Multimedia Software
|
| Location |
Bangalore
|
| Project cost |
Rs 41 million
|
| Funded by |
Equity and debt
|
| Kensource projections |
(2001) |
| Sales |
Rs 2 million
|
| Profit |
Rs 0.12 million |
| Earnings per share |
Re 0.01 |
| Return on equity |
Negligible |
| Comment | Sunk in debt, loss making, no clear growth path. The company is a 100% EOU that has failed to export and has to pay custom duty to the tune of more than Rs 8 million instead.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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