Thursday, 29 November 2012

Stock broker SMC Global files for IPO


Financial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each.

The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc.

As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said.

SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012.

"The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to prospectus.

Tata Securities Limited and IL&FS Capital Advisors Limited are the book running lead managers to the issue.

Equity shares of the company are currently listed on the Delhi Stock Exchange Limited, Ludhiana Stock Exchange Limited, Calcutta Stock Exchange Limited, Ahmedabad Stock Exchange Limited and the Guwahati Stock Exchange Limited.

Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Share Prices as on 29/11/2012

COMPANY NAME :OUR  BUY PRICEOUR  SELL PRICE
Aricent Tech4570
ABCL2230
Axles India2035
Associated Pigment1555
Aspin Wall100150
Arch Pharma225350
Alembic Glass (Shreno Ltd) EX BONUS 2:1 NOV'2012700950
A V Thomas & Co14002400
Avery India60110
Anup Engg375650
Abacus Computer3
ACE DERIVATIVES AND COMMD. EXCHN10
Ahmedabad S E3040
Bharti Teletech Ex Payout325
BINANI CEMENTS5595
Bharati Telecom34003800
Bausch & Lomb (Rayban Optics)5095
Bennet & Colman Ex Bonus 8:12000
Bharat Hotel100130
Bharat Nidhi1050014500
Bosch Chasis300550
Bse195225
Baroda Power1000030000
Bangalore S E1013.5
Camac Commercial (Phy)4750
Catholic Syrian Bank135185
Cadbury16002000
Carrier Aircon5090
Chemundrum Ispat
Calcutta Stock Exchange12002000
Cochin Int. Airport105175
Cross Country Hotel610
Capricorn75
Delhi Stock Exchange1320
Eastern Investment30004500
Essar Steel3540
ELCID INVESTEMENTS4
EMC15
Elbee12
Future Venture India             Now Listed
Farm Enterprise300425
Frick India500600
Guj Nre Ofcd2600034000
Guj Nre Minerals X Bonus 1:2 Rd 13/6/20111317
Gannon & Dunkerlay
GPT Infra Project25
Hindustan Times  (Physical)425750
Hdfc Life Insurance125160
Hind Vidyut6001000
Hyderabad Stock Exchange350
ICICI Prudential Life Ins115170
Indian Tourism Dev.Corp (ITDC) now trading on bse
India Carbon100
Julundhar Motors150175
Kotak Mahindra Fin (Phy)
Kesoram Textiles (FV 2)2.04
Kudremukh240300
Liberty Oil80
Lux Hosiery110145
MKCL(Mah Knowledg Co Lt)105155
Malanpur Steel4
Matrix Lab (Mylan Pharma)140200
Mcx (Now ListED SINCE M'12)
Mid East Integrated2027
Manju Shree Plantations2548
Modern Insulator (Physical)2030
Mohan Maekin5590
Mstc (Physical Share) EX BONUS 3:1 24/9/12700950
Nandan Biomatrix (Cleantech)4080
NIRMA150225
Nse35005000
Nath (Pack of 3 Cos) 1522
Nath Seeds (Now Listed On Bse)
Nath Bio2835
Oswal Agro Listing On Bse on 8th May2012
Omdc Now Listed on Nse & Bse
Otis Elevator7501100
Pnb Finance850012000
Patni Computers450
Pilani Investment Now Listed
Ratnakar Bank8090
Raunaq Int150220
Rupa Fv Rs.1 (Now Listed On Bse)
Ram Raju Surgicals Ex Bonus 1:170130
Ram Narayan Mills
Smc Global NEW FACE VALUE RS.21532
Spencers Retail175250
Sri Natraj Ceramics Now Listed At Nse Since 2/1/12
Simpson & Co36005000
Sistema Shyam59
SYNGENTA470565
SOUTHERN GAS
SBI Home Finance36
T Stance85150
Tamilnadu Mercantile Bank (Physical)
div  900/SH Interim for 2012-13 Fy rd 3/12/12
5500065000
Tata Sons55000
Tata Technology500600
Taparia Tools60
Ttk Lig40006000
TCS E Serve36004400

Wednesday, 28 November 2012

Bharti Infratel IPO by december end 2012


Bharti Infratel, the telecommunications tower arm of top Indian mobile phone carrier Bharti Airtel  , is likely to launch on December 10 its up to USD900 million initial public offering, three sources with direct knowledge said.

The share sale could raise USD800 million to USD900 million, the sources said. Bharti Infratel and four private equity investors are selling shares in the offer.
A Bharti spokesman declined to comment.
Bharti Infratel expects to get a go ahead from the capital markets regulator as early as Friday, the sources said. All three sources declined to be named as the information is not public yet.
Bharti Infratel expects a go-ahead from the capital markets regulator as early as Friday, the sources said, adding the IPO would open for cornerstone investors on December 10 and for the public a day later.
Bharti Infratel will sell new shares in the IPO, which will be a key test for overseas investors' appetite in a market that has risen nearly 20% so far this year.

"We have got fairly good feedback from foreign investors for this paper and Bharti is a fairly known brand so we are not very worried about the demand," said one of the sources, who is directly involved in the process.

Four private equity investors, including arms of Singapore state investor Temasek and Goldman Sachs  are selling shares in the offer. Hedge fund Eton Park's Anadale Ltd and a unit of Japan's Nomura are also selling.

Bharti Airtel, India's top mobile phone carrier and the owner of about 86% of the tower arm, is not selling any shares.



Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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BSE IPO likely by 2013 end, may raise Rs 1,250 crore


Country's premier stock exchange Bombay Stock Exchange ( BSE) today said it had set up a committee to process its proposed initial public offering (IPO). The exchange said that it may list during the next calendar year.
Ashishkumar Chauhan, interim Chief Executive Officer, BSE Limited, said: “We are working on the process to get listed in the Indian stock exchanges. We have set up an IPO committee and we are in the process and we hope to get listed in the first or second quarter of calender year 2013."

He said the exchange is in the process of preparing Draft Red herring prospectus (DRHP) and waiting for certain regulations to get listed, said Chauhan.

“We are a cash-rich exchange and wants to give our investors an exit route and IPO would be best option for them,” he added.

Currently broking houses hold around 43% in BSE, followed by FIIs with 39% and FIs and retail will hold the remaining in the exchange. 

As per SEBI's rules, we need to dilute up to 25% as per current regulations and the exchange will work out with the existing investors on how to go ahead with this, said Chauhan.

“We want to capitalise on the first QFI investments, a US-based QFI had invested a good amount for equities. We need to attract such investments in a big way. We are facilitating our broking houses to attract such investments in a big way. And towards this, a broking house will set up its office at Dubai and expect to go on stream in September early”.

On the launch of BSE 100 index, he said, it has become a major success and helps broking houses saving a whopping of around Rs 1,200 crore every year. It is so attractive that the daily volume has gone up to Rs 35,000 crore to Rs 45,000 crore a day and has gained a market share of over 35%, he added.
Commenting about BSE's cost competitiveness in the futures and options segment, he said BSE charges Rs 50 for every Rs 1 crore transacted, which is 85% lower than other exchanges. The exchange does not charge any transaction cost for futures, resulting in transaction cost on futures being lower by 22%, he said.


Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Essar gets cheaper Dollar credit


Essar Group first Indian corporate to get nod for refinancing expensive rupee loans with cheaper dollar credit
 The $27-billion, steel-to-software Essar Group is the first Indian corporate to receive the go-ahead from the ReserveBank of India (RBI) for refinancing expensive rupee loans with cheaper dollar credit.
The central bank has approved group flagships Essar Steeland Essar Oil to get external commercial borrowings of $430 million and $1.5 billion, respectively. Sources said Essar Oil is eligible for a further refinancing of $750 million.

The $27-billion, steel-to-software Essar Group is the first Indian corporate to receive the go-ahead from the ReserveBank of India (RBI) for refinancing expensive rupee loans with cheaper dollar credit.
The central bank has approved group flagships Essar Steeland Essar Oil to get external commercial borrowings of $430 million and $1.5 billion, respectively. Sources said Essar Oil is eligible for a further refinancing of $750 million.
In June this year, RBI allowed Indian corporates to avail of cheaper dollar loans and repay rupee loans taken for capital expenditure. This was, however, meant only for infrastructure and manufacturing companies with consistent foreign exchange earnings in the past three years.
The overall limit for such ECBs was capped at $10 billion for all Indian corporates. For a single company, the ECB eligibility has been fixed at 75% of the past three years' average exports or 50% of the highest foreign exchange earnings realised in any of the immediate past three years, whichever is higher. Earlier, the permissible limit was 50% of previous three years' average.
Essar Group entities are negotiating with a consortium of Indian lenders to facilitate this move and prepay their high-cost debt.
Even though most of its earnings for steel and oil are dollar-linked, the liabilities have been in Indian rupees. The refinancing opportunity will allow the group to restructure high-cost debt.
Indeed, the two companies would save around Rs 800 crore a year. As against an interest charge of 12-13% on rupee loans, forex loans cost a mark-up of 4.5-5 percentage points above the London Inter-Bank Offered Rate (Libor).
With the six-monthly Libor prevailing at 0.5%, the saving works out to as much as 6%.
Loan interest rates are typically reset every six months.


Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Mitsui Increases Stake In API Maker - Arch Pharmalabs


Japanese diversified trading company - Mitsui has acquired 25% stake in API maker Arch Pharmalabs for R372 Cr increasing its stake to 30%, according to ET.
Mitsui is buying out the stakes of IL&FS Trust Co, IDBI Trusteeship Services and Rainbow Fund. The move will lead to exit for these funds.
The deal will also increase the stake of foreign investors in the Indian company to 46%. Other investor includes – ICICI Venture, Dynamic India Fund, Granite Hill India Oppourtunities Fund and Leverage India Fund among others.
Incorporated in 1993, Arch Pharmalabs as Merven Drug is engaged in the manufacturing of API / intermediates and also offers CRAMS. APL has 11 multipurpose manufacturing facilities (including two facilities owned by its subsidiary Avon Organics Limited) across Maharashtra (Six), Andhra Pradesh (Four) and Gurgaon. Out of these facilities, three are USFDA approved (including one owned by Avon Organics Limited) and one of the USFDA unit has also been approved by EDQM, TGA-Australia and PMDA-Japan. 
The company also has its Corporate R&D center located at Taloja. As on March 31, 2011, APL had four subsidiaries and one step-down subsidiary, out of which only Avon Organics is operational. 
Last year, Arch had planned for an IPO to raise around R135 Cr, but didn’t go forward with the plan due to adverse IPO market condition.
Mitsui & Co is a diversified conglomerate with interests across trading, investment and service enterprise. It is also engaged in product sales, logistics and financing. Mitsui also has a significant stake in an API company in Japan and a formulations facility in China.
In 2010, Mitsui & Co acquired 5% stake in Arch Pharmalabs for around R65 Cr.
In 2011, it also invested $12Mn in IFC backed Suvidhaa Infoserve for a minority stake.
Similar transaction in the space includes - Bilcare Limited signed an agreement with United Drug Plc. for the sale of its Global Clinical Supplies (GCS) businesses in the U.S and U.K.; Japanese drug maker Takeda infused around $5 Mn in Advinus Therapeutics; B Braun Singapore Pte is acquiring 26% in New Delhi based Ahlcon Parenterals (India) Ltd through an open offer and many more.'


Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Cadbury tax fraud


Probe into Cadbury India's Rs 200-cr tax evasion case
Investigation is latest of the two cases against the firm
Authorities are investigating the local unit of chocolate maker Cadbury over allegations the company might have evaded as much as Rs 200 crore in taxes, the minister of state for finance said on Thursday, as the country beefs up its efforts to increase revenues to contain a widening fiscal deficit.
"Two cases of tax evasion by Cadbury India Ltd have been detected by the Directorate General of Central Excise Intelligence during the years 2009-10 to 2012-13, up to 31st October, 2012," the minister, S S Palanimanickam, told Parliament in a written reply to questions from lawmakers.
This is the second time in as many years Cadbury has run into trouble with Indian authorities. Last year, an investigation was launched to determine whether Kraft Foods Inc needed to pay taxes arising from its $19 billion takeover of Cadbury. That probe is ongoing.
The latest of the two cases against Cadbury's India unit, controlled by Mondelez International Inc, involves alleged evasion of central excise duty, or factory gate tax at a company facility in Himachal Pradesh.
A spokesman for Cadbury India said the company was "fully cooperating" with authorities. "Since the investigation currently is underway, it will be inappropriate on our part to discuss the details at this time," the spokesman said in an email.
Tax officials were not immediately available for comment. Kraft Foods last month spun off its North American grocery business as Kraft Foods Group. Mondelez International is the name of what remains from Kraft Foods after the spinoff.
Its brands include Oreo cookies, Cadbury chocolate and Trident gum.

Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Tuesday, 27 November 2012

TCS merger with TCS e serve


    The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL).
    The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013.
    TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve.
    As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them.
    The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012.
    Computational Research Laboratories and Retail FullServe are wholly-owned subsidiaries of TCS and hence, no shares will be issued upon the scheme becoming effective.
    The above schemes are subject to the approval of the members and/or creditors and the Hon'ble High Court(s) and other statutory approvals, as may be required by law.

    Sandip Ginodia
    ABHISHEK SECURITIES

    We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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TATA SONS announces bonus after 12 Years


Nov,2011 : Tata Sons, the holding company of the $83-billion Tata Group, has proposed a bonusissue after 12 years on the back of a robust year when it doubled its profits. 

The company is on course to allot five shares for every share held by its shareholders (5:1), expanding its equity base six times. In the last 14 years, this is the third time Tata Sons is rewarding its shareholders through a bonus issue. The previous two, each in the ratio of 1:2, were in 1999 and 1997. 

The bonus issue decision by the unlisted Tata Sons board comes at a time when the firm is set to see a change at the helm, with its current chairman Ratan Tata stepping down in December 2012. In addition to the bonus issue, the company is also paying a dividend of Rs 8,000 per share of face value Rs 1,000. 


Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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MSTC Declares Bonus


MSTC declares bonus issue :

Steel Minister,Beni Prasad Verma reviewed the performance of MSTC Limited wherein secretary,steel DRS Chaudhary was also present.SK Tripathi,CMD,MSTC Limited,made an elaborate presentation of the present status,future plans and challenges of MSTC.
Tripathi said that five years ago the volume of business of the company was 7,700 crore and this has increased to 21,751 crore in 2011-12.MSTC has scripted continuous growth in profit in the last three years.In 2011-12 profit before tax was 176 crore.MSTC has a unique distinction of having 58 lakh per employee profit which is an all time record for the service sector in India.
MSTC has declared issue of bonus share at the ratio of 3:1.It may be recalled that MSTC also issued bonus share @1:1 in the year 1993.MSTC has handed over a dividend cheque to the minister for 2011-12 @ 1077 per cent.

Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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Sunday, 25 November 2012

Rantankar Bank shows uptrend


Ratnakar Bank to add 50 branches this fiscal


Private sector lender Ratnakar Bank is targeting to add around 50 branches this fiscal with a majority of them being outside Maharashtra, a top official said here today. The bank's branch network has grown to 105 from 80 in the last 18 months and it will add up to 50 this fiscal, bank's managing director and chief executive Vishwavir Ahuja told reporters here. During the 18-month period, when the bank had a massive revamp, it has been able to grow its balance sheet size by three times to nearly Rs 7,500 crore, he said. It is targeting to take the total number of branches to 300 in the next three years, Ahuja said. In line with its strategy of expanding in other parts, only a third of the incremental branches will be in Maharashtra while the rest will be outside, bank's consumer and retail banking head Nitin Chopra said.

Netmagic Solutions, today entered in an outsourcing partnership with Ratnakar Bank . 
Netmagic will host and support infrastructure for applications such as Finacle Core Banking System, emails, file servers, branch terminal servers, treasury services, depository systems, asset liability management, internet banking, training application for Ratnakar Bank.


Sandip Ginodia

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



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MSTC LTD. UPDATES


 12:21 AM

CBI Arrests Former MSTC Officials in Rs. 464 cr Scam :


The CBI has arrested former top officials of Metal and Scrap Trading Corporation (MSTC) in an alleged gold export scam worth Rs 464 crore in the public sector undertaking by accepting forged documents from exporters, CBI spokesperson said today.

The agency arrested the then Chairman and Managing Director of MSTC Malay Sengupta and Chief General Manager Tapas Basu, CGM from Kolkata, and an insurance consultant S K Sinha from Delhi for their alleged involvement in the case.

MSTC TO OFFER E SERVICES  :
 

MstC LTD , a mini-ratna PSU under Union ministry of steel, has evinced interest to offer its e-auction and e-procurement services for departments and agencies of the Odisha government.
MSTC, which has been offering e-services for a wide gamut of products since 2002, has made a presentation to top state officials. The Central PSU held that e-auction will organize and expand market for various commodities and will make the transaction transparent.
Considering the proposal of MSTC, chief secretary B K Patnaik has urged the industries department to scrutinize the technical details and feasibility of its model in the context of Odisha. Patnaik also asked the MSTC officials to evolve specific models of e-procurement for agricultural, forest and engineering products.
MSTC’s proposal for e-services will be put up for government approval after due vetting of technical details and financial implications by relevant departments.
It may be noted, the state steel & mines department had drafted a proposal for selling the state's entire iron ore produce through the e-auction route. The proposal is under scrutiny of the Chief Minister's office.
Electronic sale of different grades of iron ore is set to rake in incremental revenue of Rs 400 crore per year for the state government.

News on HDFC Life


DIVIDEND PROJECTION :
Private life insurance company HDFC Standard Life Insurance may declare a dividend soon, according to an investor presentation by Standard Life, the UK-based joint venture partner of the company. "Company can now declare dividend," said the UK arm in the presentation recently made to its investors.
The presentation mentioned that HDFC Life has established market out-performance consistently over the past 2 years. It added that the Indian life insurance industry in poised for long term growth and HDFC Life is best positioned to take advantage of the market opportunity.
According to the presentation, the number of policies grew by 26% in first half of financial year 2013 versus first half of financial year 2012. "Policy term enhanced to 13.2 years in H113 vs. 11.5 years in H112," it further noted.

IPO Unlikely for HDFC Life  :
With the cabinet clearing the proposal of 49% foreign direct investment, the next logical step should have been revival of initial public offer (IPO) plans of insurance companies. However, insurers do not seem to be too buoyant.
Amitabh Chaudhry, MD & CEO of HDFC Life said, "FDI in insurance is welcome and it will help the industry to access capital and expertise from foreign insurers. However, I believe FDI is not the only precondition for a public issue. For us to go for an IPO , we need the new business margin that has shrunk in the last year to go up and growth to come back. If we can sustain them, we can approach the market at that time and get the right valuation. The FDI announcement, along with the slew of measures announced earlier is good and positive signals from the Government but I don't see any significant advancement to IPO timeline for the industry at this point in time. "




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TMB declares highest-ever dividend


The board of Tuticorin-headquartered Tamilnad Mercantile Bank (TMB) has approved an interim dividend of Rs 900 per share of Rs 10 each (2012-13), which is the highest in terms of percentage. 
Bank’s managing director and chief executive officer AK Jagannathan said this would translate to around Rs 25 crore. He was speaking after launching its mobile banking solution.
“This is the first time in the history of the bank that such a big interim dividend is being paid and it will be one of the highest in the banking industry in the country,” said Jagannathan.
The 90-year-old Tamilnad Mercantile Bank has reported 25 per cent growth in net profit, at Rs 313 crore, in 2011-12, and set a target of Rs 500 crore by 2015, with a total business of Rs 62,000 crore. The Nadar community-promoted bank is one of the fastest growing among the 17 small-sized banks in the country .
Jagannathan said year-on-year the bank grew 26 per cent and between April and December during the current fiscal, deposits grew 15 per cent, while advances 19 per cent. By the end of the current fiscal, the bank will touch a total business of Rs 31,000 crore and Rs 50,000 crore by 2014, including deposits of Rs 28,000 crore and advances of Rs 22,000 crore.




Sandip Ginodia
ABHISHEK SECURITIES


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Mesco's Fabulous Quarter Result


Mideast Integrated Steels Ltd ( Mesco Steel ) has posted 197% jump in its net profit for April-September period of this fiscal compared to corresponding period of previous fiscal.
Rita Singh, the company's chairman and managing director said, “In the first six months, Mesco Steel posted a profit of Rs 134.13 crore which is higher than the profit of Rs 90.20 crore earned during the 2011-12.”

Mesco's turnover in the period under review rose to Rs 402.41 crore compared to its total income of Rs 546.75 crore in 2011-12. The steel company expects to double its turnover in the current fiscal.

Mesco hopes to deliver even better performance in the second half of this fiscal since the constraints caused by the monsoon and other local factors will not be there to affect the production both at the mine and at the plant.

The coke rate has come down thereby increasing the productivity of the plant operations. With the commissioning of railway siding inside the plant and revamp of raw material handling unit, the associated costs will be further reduced. Through efficient management, coke consumption has been controlled, thereby increasing the profitability in the plant operations.

After having announced the maiden dividend of five% for 2011-12, the company has now posted earnings per share of Rs 9.73 for the April-September period of 2012-13. On annualized basis the earning per share works out at Rs 19.46.

The company has embarked on a major expansion program for raising its steel making capacity to 3.5 million tonne per annum and all out efforts are being made to implement the project in the shortest possible time.



 ,
Sandip Ginodia
ABHISHEK SECURITIES


We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit : www.abhisheksecurities.com / call : 09830271248

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