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June 21, 2000

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 Company  Kals Information Systems
 Market Price  Not listed
 Lead manager  Canara Bank
 Listing At  Bangalore, Delhi, Hyderabad
 Opening/Closing  June 21, 2000 / June 26, 2000
 Promoters  K Srinivasan, K Ananthapadmanabhan, R Krishnaswamy
 Associate Co.  Data Fusions Pte Ltd
 Managing Director  K Srinivasan
 Post-issue Stake  55.56%
 Issue  
 Size  Rs 13.2 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Set up offices in Bombay and Madras, branch office in the US, software development center in Bangalore and to expand the management team
 Business  
 Product  Insurance software services, Workflow and document imaging, Web enabled applications and insurance domain consulting
 Location  Bangalore
 Project cost  Rs 55.90 million
 Funded by  Equity, overseas corporate bodies and term loan from Canara bank
 Kensource projections  (2001)
 Sales  Rs 32 million
 Profit  Rs 5 million
 Earnings per share  Re 0.91
 Return on equity  7%
 Comment Doddering growth plans, awesome projections
 Rating *  D

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt. Ltd.

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