Abhishek Securities

Thanks to a Calcutta High Court order, Orissa Minerals Development Company (OMDC), a listed subsidiary of state-owned Rashtriya Ispat Nigam Ltd, has received a lifeline of sorts.The iron ore miner, short of any real work until recently for want of mines, has been allowed to lease three resource-rich mines – Kolha Roida, Thakurani and Dalki – that the state government had originally leased out to Bharat Process and Mechanical Engineers Ltd (BPMEL). For, BPMEL is now under liquidation.BPMEL had contracted OMDC in 2003-04 to mine at the three sites on its behalf. When the approvals expired in 2006-07, the three sites were shut.In the wake of BPMEL’s ongoing liquidation, the state government had sought to re-possess the mines.The court, however, directed that since OMDC had been mining at these sites, it should be allowed to retain their possession now.OMDC informed the BSE that it has received a letter from the office of the official liquidator at the Calcutta High Court to this effect

REASON 1. EQ OF EASTERN IS 1.44 CR AND IT HOLDS 51% SHARES IN OMDC TODAYS MKT CAP OF OMDC IS 2400 CR AT TODAYS PRICE OF RS.4000/SH THIS GIVES A BOOK VALUE/ INTRISIC VALUE OF APPROX RS. 9000.00 PER SHARES AGAINST THE CURRENT MKY RATE OF AROUND 3500.00 PER SH. REASON 2  IN EASTERN U CAN PUMP IN CASH which will get long term on merger after 1 yr REASON 3 EASTERN WILL BE MERGED IN RINL IN 12 MONTHS AS PER STATEMENT OF BOARD IN AGM RINL WILL BE LISTED BY IPO IN OCTOBER 2013 THE MECHANT BANKER WILL HAVE TO VALUE EASTERN ACCORDING TO INTRISIC VALUE THUS GIVING SHARE HOLDERS A VERY FAVOURABLE RATIO AT THE TIME OF MERGER REASON 4 WE ARE BULLISH ON OMDC AND EXPECT THAT THE PRICE SHOULD GO TO ABOUT 1 LAC IN 1 YRS TIME. IN SUCH A SCENERIO , IT IS DESIRABLE TO SELL OMDC AND BUY EASTERN FOR THE SAME AMOUNT WHICH SHOULD DOUBLE THE PROFIT FOR INVESTOR, AS EASTERN IS LIKELY TO BE SOLD AT AROUND 15000/SH COMPARED TO A CURRENT PRICE OF 3500/SH IN 1 YRS

EXPLANATORY STATEMENT AS REQUIRED UNDER SECTION 173 (2) OF THE COMPANIES ACT, 1956 IN RESPECT TO THE SPECIAL BUSINESS: The Bank's transformation journey towards becoming a 'New Age' Bank started in the year 2010. To achieve the transformation and growth, the Bank had raised capital to the tune of ` 702.75 crore by th allotment of 10.49 crore equity shares of `10 each at a premium of ` 57 per share under the 10 Rights Issue in December 2010. The amount raised in the said Rights Issue has been effectively used to meet the transformation and business requirements of the Bank so far. The Bank's transformation process has progressed well since 2010. The Bank has increased its Branch and ATM network from 88 branches and 19 ATMs in March 31, 2010 to 117 branches and 150 ATMs as of now. The Bank has set up a modern Mumbai Controlling Office in a prominent business area of Mumbai, a National Operating Centre at Goregaon, Mumbai, renovated branches in Kolhapur Regi

Aditya Birla Private Equity,Norwest Venture Partners and Faering Capital are among private equity investors buying stake worth.300 crore in Ratnakar Bank,an investment that will help it prepare for an initial public offering next year.Private equity company Norwest Ventures is promoted by Promod Haque,a famous Silicon Valley-based investor while Faering Capital is promoted by Aditya Parekh,the son of HDFC Chairman Deepak Parekh.For both,it is the second round of investment in the bank.Ratnakar will use the funds to grow loans in a country where the demand for credit still remains strong at about 17%,though far lower than the 30% or above growth before the 2008 crisis,said two people familiar with the plans.Gaja Capital,GPE (India),Argonaut Ventures,UTI invest Advisory are the other investors. Sandip Ginodia A BHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit : www.abhisheksecurities.com/unlisted.htm  / call : 0983

Kesoram Textiles details : Statement of Assets and Liabilities as at 30th September, 2012 Rs.  in Lacs Sl. No. Particulars As at  30-09-2012 As at 30-09-2011 As at 31-03-2012 (Unaudited) (Unaudited) (Audited) A. EQUITY AND LIABILITIES 1. Shareholders' Fund a. Share Capital 1,045.64 1,045.64 1,045.64 b. Reserves and Surplus -2,247.61 -2,310.73 -2,239.74 Sub-total - Shareholders' funds -1,201.97 -1,265.09 -1,194.10