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P INFOMATICS LTD. (PIL) is BSE listed company which was inactive until August 2009 when 75% shareholding was taken over by Idhasoft. It is now a Software Development Company and IT Business Consulting Service Provider. The new owners / management of Idhasoft succeeded in raising Co’s turnover from Rs. 40 Lacs to 854 Lacs in a span of 7 months from August 2009 to March 2010. BACKGROUND OF HOLDING CO. Idhasoft is a Mumbai-based global IT Services organization established 4 years ago and consisting of leading National and International Board Members from the Technology, Banking, Finance and Compliance backgrounds. Idhasoft is primarily engaged in Business Consulting , Software Technology services and IT enabled services. The Company provides multiple service offerings to its vertical and horizontal clients across various industries comprising retail, manufacturing, telecommunications, health care and services and technology service for Oracle, SAP and other application areas. The various service offerings comprise business process reengineers, system integration, third party product development, quality assurance, remote application, management and project management. The company serves various industry segments including Public Sector, Banking and financial services, Insurance, Retail, Manufacturing, Services and Technologies, Healthcare and Telecommunications. Idhasoft was established with the vision to be a global world-class organization that provides best of –breed localized business and technology solution, with continuous innovation and quality delivered by best-in-class people and a mission to achieve over US$ 500 Million in revenues by 2013 . The company growth model started as a Roll up , today all the companies acquired have been consolidated into its parent India company , to become one giant of Conglomerate . All the acquisition it has done is 100% and idhasoft has complete hold . All the companies owners who were acquired have become Employees of the company and they are the Strategic Business Heads who are committed to the growth of the company . This growth is through a combination of inorganic and organic mechanisms, with both vertical and horizontal specialization. The Company started its operations when the market conditions were at a peak. By 3 rd Quarter 2008, the market had significantly declined and many established organizations had either been wiped out or were on the brink of closure. However Idhasoft, with its
The company over the last 4 years has reached considerable stability . 2 office in Europe.2010 (New Management) 829.+Surplus Net Worth Current Assets Current Liabilities Rs. P INFOMATICS LTD.03.11 Other non-op.03.97 68.69 + 24.48 40.97 51.46 1658. of Shareholders 11 (5 Foreign + 6 Indian) .66 The performance for the year ended 31. 139633 of Rs. PBT Taxes PAT Paid-up Capital Res.59 17.quality people.66 63.2009 2.769) revenue in 2008-09 with an EBITDA of US$ 7.269.00 + 1329.144 Million (INR 328. as compared to previous year. is a subsidiary of IDHASOFT Financial Performance Figure For the Year Ended Income PAT Audited 31. Today it has over 1200 employees and over 1200 International customers . The Company reported a total of US$ 141.2010 reveals as under:Income PBDT Dep. 13. it has its own direct office in 6 cities of USA . Income 23.68 471.14 51. 100/. Software Technology services and Project Management .2010) Nos.16 Rs.41 2361. in Lacs 31.03. (as of 31.531)EBITDA.96 Significant infusion of funds by New Management i) By Way of 4% Non-Cumulative COMPULSORILY Convertible Preference Shares Nos.510.03.each Amount Rs.2008 31.03.013. in Lacs 829. 2 offices in ASEAN and 4 offshore Global Development centers in India . was maintained at about the same level. survived these global economic conditions in good form. delivery capabilities and long term oriented customers.90 50.30 Crs. The company today has no dearth for business as it has ensured to cut down non core areas and is focused in Business consulting . As mentioned earlier.8 2. what is important is that the company has survived the storm and is still up on the growth curve.63 Convertible Pref. Shares 77.7 Million (INR 6. IP Development.
issue to result into 440000 Equity Shares of Rs. the co. Project Management. Malaysia. Bangaladesh and India. by way of Quasi-Capital which are compulsorily Convertible as Capital. The present position is 578.03.78 Crs.each Nos.each at premium of Rs. 1330 Lacs to. Sharma was commissioned in the Indian Navy in 1960. S. D. Risk Management and Discrete Industry. Mr. Business Positioning P I is present in Germany. Switzerland. Market approach very European and ASEAN Centric.each i. Dr. Degree from London University in 1969 in Electrical Engineering. has issued additional 162.I.I. Hyperion. The Co. N.e. Thus Co. Directors 1. Dr. IIT Bombay.T. 100/. 2. P. in Computer Science from Univ. Subsequent to Balance Sheet date. has successfully injected Rs. Rs. 2.45 Crs.699 CCD.15 Crs. He obtained his Ph. held by 15 Debenture holders (12Foreign + 3 Indian). Srilanka. 100/. Vertically focuses in Fashion Goods Retail. 4.ii) By Way of 10% COMPULSORILY Convertible Debentures of Rs. : Bachelor’s Degree in Engineering from I. A. Horizontal Industry focus remains same. . Singapore. 292 app.2010) Note : 1. Thailand. Onsite and offsite resources. Financial Corporate Planning Management. 5. (as of 31. excepting newer areas like Cognos.429 CCD of Rs. 100/. Master’s Degree in Electrical Engineering from I. Outlook Space.e. 10/.T. 3. Bombay. 415730 of Rs. J. Construction and Infrastructure. Gold Medalist for excellence in Academics and Winner of Appreciation-Best IT Implementer in the organization.D. of Hawaii. : Managing Director M Tech. A. Dr. and his Ph. 17. i. Dr. Has its own dedicated set of Sales/Deliver. Jain attended the Advanced Management Program at Harvard Business School. Delhi.each Amount Rs. has made an issue of Compulsorily Convertible Preference Share of Rs. : A graduate of Electrical Engineering from Roorkee University.
Singapore. complementary and proprietary products. Has its own dedicated set of back office staff to manage and supervise as per the norms of an Listed entity. Reliance Capital. Experienced Promoters and Management Team Through its various acquisitions. BUSINESS HIGHLIGHTS Scalable Business Model P I's business model is based in part on its strategy of acquiring. and Tata Power Company Proven in-house Product Development Capacity In addition to offering services related to licensed 3rd party products. Bangladesh. Telekom Malaysia International. and growing niche IT companies with valuable customers. The company's founders each have over 20 years of experience.). Has its own set of Marquee customer base. integrating. India Advantage India-centric back offices with over 200 employees with to support the onshore teams whilst leveraging a lower cost base Addressing the rapidly growing IT requirements in India's domestic industry servicing leading Indian clients including E-Mart India. and are supported by executives with strong experience across all aspects of the business. Underlying principles. Vietnam & Middle East . Sr and Mid Management is independent and take independent decision. business model and growth strategy of its parent company. Board. Huge opportunity to consolidate still existing. The company is an active SAP Channel Partner and solutions provider in countries like Srilanka. and dedicated promoters. Supported by favorable conditions in the European and ASEAN IT services market. Idhasoft offers 26 proprietary products with another 15 currently under development ACQUISITIONS (TO DATE) No. 1 is headquartered in India with turnover of USD 3m (approx. ldhasoft has successfully built a team of leading IT professionals that will drive future growth.
No.).25M (approx.5% p. 10 Crs.) Market Price Rs. the Co. consulting and implementation services on technologies including business intelligence. As stated above. Tenure Receivables upto 120 days No D/P Limit against book-debts of subsidiaries. PI needs. C/C Book-Debts facility of additional Rs. 4 3M (approx. 5 Crs. SCM and BI and has excellent virtualized solution for "Automotive" and "Retail & Consumer Products" segment with illustrious clients like BMW. delivering proven performance management.a. balanced score card. 20 Crs. 3 is a leading Corporate Performance Management solution provider. is looking for P I is sourcing Book-Debt Financing Facility as part of its working capital management. as under:Amount Rs.000 Shares of PI (BSE Listed Co. No.) company based in Germany and Switzerland. 2 is based in Thailand with revenue USD 1. 13. Security Principal Hypo. The company has strong presence in SAP consulting including SAP ERP. Pledge of 400. It is into software consultancy focused on services for IT Strategy and SAP services with primary focus on retail. enterprise planning and financial consolidation. Guarantee of Promoter / Director Encl: CMA Data MP/February 2011 . Finasys has a strong team of Cognos Certified consultants recognized by IBM. (Existing 5 Crs – Additional 5 Crs. to start with. PROFIT & LOSS ACCOUNT : Enclosed What Co. Idhasoft 2. Corporate Guarantee of holding Co. Honda Kiddo Pacific No. Present Orders under execution aggregate to Rs. to arrive at Drawing Power. is getting warm & rewarding response from its overseas & Indian clients. CRM. 430/3.) Collateral 1. The overseas Subsidiaries and offices are busy with the orders & their execution.) Margin 25% (in view of quality of clients) Rate of Int. of Book-Debts (Quarterly statement to be certified by Auditors and Monthly statements to be submitted by the Co.