|
| PROJECT UNDER IMPLEMETATION – GROWTH DRIVERS |
| CALL CENTRE PROJECT |
In order to achieve its ambitious plans and exponential growth, Parle Software is setting up a Call Centre Project having 120 seats capacity in Mumbai and have acquired Land for construction of independent call centre building. The project cost would be around Rs.20 Crores. The project implementation is rescheduled and now we expect the call center to start functioning by end of December 2007.
The company was sanctioned a Cash Credit (Misc.) facility of Rs.30.00 Lacs in October 2005 and the same was subsequently enhanced to Rs.95.00 Lacs. Subsequently, the company built up a strong case for further enhancement, considering ever growing business and the ensuing call center project in respect of yet another revision in the Cash Credit Limit, and we are glad to state that the Bank accepted our plea and further enhanced an additional limit of Rs.105 Lacs aggregating to an overall limit of Rs.200.00 Lacs. |
| JOINT VENTURE |
| As an evolving business strategy Parle Software has entered into joint venture with Sunnidhi Infrastructure Pvt. Ltd. on a 50:50 profit sharing basis to operate the Wind Turbine Power Project at Tamilnadu with an investment of Rs.11 Crores. Sunnidhi Infrastructure has the professional expertise at its disposal to operate and manage large infrastructure projects in niche areas such as non-conventional energy sources, etc. This joint venture has resulted in liquidating 50% of the investments already effected by the company in the said project. It is worth noting that the aforesaid disinvestments by way of joint venture has yielded a 15% premium to the company from its joint venture partners. |
| AMALAGATION |
Parle Software is envisaging a plan to amalgamate with Bisleri International Ltd a 500 Crores Net Worth Company soon after the listing of company’s equity on the Bombay Stock Exchange. This would increase the valuation of the company manifold and it would enable the company to be amongst the fortune 500 companies. |
|
Financial Statement |
(Rs. in Lacs) |
1 |
2 |
3 |
4 |
5 |
Year End 31st July |
Quarter ended 31/10/06
Unaudited |
Year Ended 31/07/06
Audited |
Year Ended 31/07/05
Audited |
Year Ended 31/07/04
Audited |
| |
|
|
|
|
| Turnover |
985.80 |
3584.30 |
2842.30 |
1941.25 |
| PBT |
265.98 |
837.13 |
1128.04 |
863.56 |
| PAT |
245.98 |
771.13 |
1088.04 |
833.56 |
| Paid up Capital |
360.00 |
360.00 |
360.00 |
360.00 |
| Share Application |
NIL |
NIL |
NIL |
NIL |
| Reserves & Surplus |
4061.34 |
3815.36 |
3126.33 |
2079.34 |
| Networth |
4421.34 |
4175.36 |
3486.33 |
2433.71 |
| Book value/share F.V.Rs.10/- |
122.82 |
115.95 |
96.84 |
67.60 |
| Dividend |
NIL |
20% |
10% |
8% * |
| EPS F.V. Rs.10/- (Annualised) |
27.32 |
21.42 |
30.22 |
23.15 |
| Potential Mkt. Value at Ind. Avg. P/E of 20-(F.V. Rs. 10/-) |
546.40 |
428.40 |
604.40 |
463.00 |
|
Note:
|
| *: Dividend on Pro-rata basis. |
 |
THE COMPANY’S NETWORTH AS ON 31ST JULY, 2006 IS: |
| |
BOOK VALUE OF 1 (ONE) EQUITY SHARE AS OF EVEN DATE IS: |
Rs.115.75. |
|
POTENTIAL MARKET VALUE ON LISTING WILL BE: |
Rs.425.00
PER SHARE OF RS.10/- EACH |
|
THE COMPANY IS LIKELY TO ACHIEVE MARKET CAPITALISATION OF:
(36,00,000 EQUITY SHARES OF RS.10/- EACH X POTENTIAL MARKET VALUE OF RS.425/- PER SHARE AT THE TIME OF LISTING OF THE SHARES) |
|
| |
THE ISSUED, SUBSCRIBED & PAID UP CAPITAL:
|
Rs. 3.60 Crores |
| |
THE AUTHORISED SHARE CAPITAL:
|
Rs. 3.60 Crores |
| The Share of the company are proposed to be listed at: |
|
Bombay Stock Exchange Ltd. |
| |
Pune Stock Exchange Ltd. |
| |
Ahmedabad Stock Exchange Ltd. |
|
| “THE COMPANY WHEN LISTED ON BSE WILL MAKE ITS DEBUT RIGHT AWAY IN THE MID-CAP SEGMENT OF THE MARKET AND WE ARE CONFIDENT TO ENTER LARGE-CAP SEGMENT IN NEAR FUTURE”. |
