Company Description:
AIAEL was incorporated on March 1991 as Magotteaux (India) Pvt. Ltd. Ahmedabad. Induction Alloys Pvt. Ltd was merged with the company in 1992 and the name of the company was changed to AIA Magotteaux Pvt. Ltd. Due to the termination of joint venture with Magotteaux
International SA, Belgium in 2000 the name of the company was again changed to AIA Engineering. It manufactures 'mill internals' used by industries such as cement, mining and thermal power plants for crushing and grinding of the production process. It tapped the capital market in Nov 2005 with an issue of 47 lakh shares at a price of Rs 315 per share of Rs 10 each aggregating Rs 148 crore for expansion.
Highlights:
AIAEL sells its products to all major cement groups including Lafarge, Holcim, Heidelberger, and original equipment manufacturers such as FL Smidth, Polysius and major thermal power plants and mines. AIAE has also made inroads into China - the largest market for grinding media in
the world.
Even nearly 70% of the company`s business comes from replacement demand. It has customers in 70 countries. Nearly 57% of the company revenue comes from export.
Debottlenecking will expand capacity by 25,000 -35,000 tpa taking the total capacity to 200,000 tpa by FY10 end.
AIAEL continues to eye the SEZ land for its new facility as international revenues are likely to increase to 75-80% of revenues by FY11. AIA has already identified 2 proposed SEZ facilities, which are yet to be notified.
However, if the proposed SEZ’s do not get notification, then AIAEL may look at expanding its capacity at its existing facilities by further 50,000 tons facility for meeting its demand for its mill internals.
To see full report: AIA ENGINEERING
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вторник, 19 мая 2009 г.
четверг, 14 мая 2009 г.
>R SYSTEMS INTERNATIONAL (SUNIDHI)
Company Description:
Incorporated in 1993, R Systems International is a New Delhi-based software product development company. It helps companies bring products and services to market quickly by using its different products and services comprising the pSuite framework, which is an execution framework for PLM (product lifecycle management) services.
Other than the two 100% subsidiaries, R Systems Inc California and R Systems in Singapore, it has acquired two companies, Indus and ECnet, to cater to the banking, finance and manufacturing and logistics verticals. Indus Lending Solutions Business products cater to the retail lending industry and the ECnet suite of products offer supply chain collaboration solutions. RSIL tapped the market in April 2006 at a price of Rs 250 per share aggregating Rs 70.6 crore.
Highlights:
Other services include building and supporting software products in diverse areas like Internet security, Internet music delivery, Internet IP TV, banking applications, supply chain management, ERP solutions, and knowledge management. These software products & services find application across industry verticals such as banking & finance, government, health care, high technology and software vendors.
A significant percentage of R Systems revenues are generated from exports. The development and service centres in Noida, Pune and Chennai are registered with the Software Technology Park of India in their respective areas as 100% Export Oriented Undertakings.
R Systems rapidly growing customer list includes a variety of Fortune 1000, government and mid-sized organizations across a wide range of industries including Banking and Finance and High Technology and Independent Software Vendors, Government, HealthCare, Manufacturing and Logistic. RSIL maintains 8 development and service centres and using its global delivery model it serves customers in the US, Europe, South America, the Far East, the Middle East and Africa.
RSIL had approved the buy back of its shares in September 08 at a maximum price of Rs. 150 per equity share and accordingly bought back nearly 6.4 lakh shares reducing its equity to Rs 12.87 crore in Q1CY09. It continues to buyback another 6.66 lakh shares, which would further reduce its equity to Rs 12.2 crore. During CY08 RSIL has set up branch offices in Netherlands and Japan.
To see full report: R SYSTEMS
Incorporated in 1993, R Systems International is a New Delhi-based software product development company. It helps companies bring products and services to market quickly by using its different products and services comprising the pSuite framework, which is an execution framework for PLM (product lifecycle management) services.
Other than the two 100% subsidiaries, R Systems Inc California and R Systems in Singapore, it has acquired two companies, Indus and ECnet, to cater to the banking, finance and manufacturing and logistics verticals. Indus Lending Solutions Business products cater to the retail lending industry and the ECnet suite of products offer supply chain collaboration solutions. RSIL tapped the market in April 2006 at a price of Rs 250 per share aggregating Rs 70.6 crore.
Highlights:
Other services include building and supporting software products in diverse areas like Internet security, Internet music delivery, Internet IP TV, banking applications, supply chain management, ERP solutions, and knowledge management. These software products & services find application across industry verticals such as banking & finance, government, health care, high technology and software vendors.
A significant percentage of R Systems revenues are generated from exports. The development and service centres in Noida, Pune and Chennai are registered with the Software Technology Park of India in their respective areas as 100% Export Oriented Undertakings.
R Systems rapidly growing customer list includes a variety of Fortune 1000, government and mid-sized organizations across a wide range of industries including Banking and Finance and High Technology and Independent Software Vendors, Government, HealthCare, Manufacturing and Logistic. RSIL maintains 8 development and service centres and using its global delivery model it serves customers in the US, Europe, South America, the Far East, the Middle East and Africa.
RSIL had approved the buy back of its shares in September 08 at a maximum price of Rs. 150 per equity share and accordingly bought back nearly 6.4 lakh shares reducing its equity to Rs 12.87 crore in Q1CY09. It continues to buyback another 6.66 lakh shares, which would further reduce its equity to Rs 12.2 crore. During CY08 RSIL has set up branch offices in Netherlands and Japan.
To see full report: R SYSTEMS
суббота, 18 апреля 2009 г.
>Micro Technologies (SUNIDHI)
Company Description:
MTIL is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. MTIL promoted in 1992 is a pioneer in developing messaging-based security systems based on embedded technology. MTIL is an ISO 9001 certified located in Mumbai and Pune. MTIL has formed two subsidiaries, viz. Micro Secure Solutions (MSSL), which focuses on Premises (commercial & residential premises) Security Business and Micro Retail for creating retail chain of Micro Shoppe.
Highlights:
The company's current portfolio consists of seven major product lines, including fleet/vehicle monitoring, lost mobile tracking, sales force tracking and home security systems. It sells its products through over 200 domestic franchisee-based retail outlets. It earns 35% of its revenue from exports to South Africa, West Asia and Kenya. The company has recently launched a micro Wi-Fi security system to cater to the increasing demand for security guard against attacks on Wi-Fi networks.
MTIL has designed new and innovative software for laptops known as Micro LNTS (Lost Notebook Tracking System). Micro Lost Notebook Tracking System is embedded on notebook hard drives, allowing systems to be tracked as soon as they are connected to the Internet. MTIL will offer Micro LMTS (Lost Mobile Tracking System) to secure the mobile handsets of 2 million MTNL Subscribers.
It has spent Rs 37 crore for products & services enhancement. Another Rs 19 crore is being incurred for the development of new products.
MTIL has recently signed an agreement with I-Tech Innovative Technology Solutions for distribution of the company's products in Yemen, Egypt and selected Middle East countries for one-lakh pieces amounting to Rs 100 crore.
For meeting the fund for various capital expenditure plans in Middle East and US, MTIL had made its FCCB issue of 15 million US$ (Rs 60 crore).
Micro Tech has allotted 24,00,000 warrants on February 05, 2008 to promoter group and certain other investors on preferential basis at Rs 256.88 per warrant convertible in to one equity share of the company.
To see full report: MICRO TECHNOLOGIES
MTIL is a leading global developer, manufacturer and marketer of IT based security solutions for its clients across the globe. Products range includes the much-needed security devices, life support systems and web-based software. MTIL promoted in 1992 is a pioneer in developing messaging-based security systems based on embedded technology. MTIL is an ISO 9001 certified located in Mumbai and Pune. MTIL has formed two subsidiaries, viz. Micro Secure Solutions (MSSL), which focuses on Premises (commercial & residential premises) Security Business and Micro Retail for creating retail chain of Micro Shoppe.
Highlights:
The company's current portfolio consists of seven major product lines, including fleet/vehicle monitoring, lost mobile tracking, sales force tracking and home security systems. It sells its products through over 200 domestic franchisee-based retail outlets. It earns 35% of its revenue from exports to South Africa, West Asia and Kenya. The company has recently launched a micro Wi-Fi security system to cater to the increasing demand for security guard against attacks on Wi-Fi networks.
MTIL has designed new and innovative software for laptops known as Micro LNTS (Lost Notebook Tracking System). Micro Lost Notebook Tracking System is embedded on notebook hard drives, allowing systems to be tracked as soon as they are connected to the Internet. MTIL will offer Micro LMTS (Lost Mobile Tracking System) to secure the mobile handsets of 2 million MTNL Subscribers.
It has spent Rs 37 crore for products & services enhancement. Another Rs 19 crore is being incurred for the development of new products.
MTIL has recently signed an agreement with I-Tech Innovative Technology Solutions for distribution of the company's products in Yemen, Egypt and selected Middle East countries for one-lakh pieces amounting to Rs 100 crore.
For meeting the fund for various capital expenditure plans in Middle East and US, MTIL had made its FCCB issue of 15 million US$ (Rs 60 crore).
Micro Tech has allotted 24,00,000 warrants on February 05, 2008 to promoter group and certain other investors on preferential basis at Rs 256.88 per warrant convertible in to one equity share of the company.
To see full report: MICRO TECHNOLOGIES
четверг, 16 апреля 2009 г.
> Ess Dee Aluminium (SUNIDHI)
Company Description:
Incorporated in 2004, EDAL manufactures aluminium foils and polyvinyl film-based packaging products. It also manufactures thermoforming polyvinyl chloride films (rigid PVC films) as well as PVdC (polyvinylidene chloride)-coated PVC barrier thermoforming films for blister packaging. Along with subsidiary Flex Art Foil, it provides endto- end packaging solutions to the pharmaceutical end users.
During December 2006, EDAL tapped the capital market to raise Rs 157 crore at a price of Rs 225 per share. Its recently acquired India Foils (IFL) manufactures laminated flexible packages, aluminium foils and aluminium container sheets and light gauged strips and processed laminated paper, paperboard and containers.
Highlights:
During 2007-08, the company increased the capacity of cold rolling from 9, 100 MT to 18, 000 Mt to cater light gauge and ultra light gauge foil suitable for the Food and FMCG sectors.
IFL has installed capacity of 18,000 tpa and hence the combined capacity will be 36,000 tpa. This will put EDAL in a commanding position in the domestic market.
EDAL acquired a 90% stake in IFL for Rs 120 crore from Vedanta Group, making it a subsidiary. The remaining 10% stake is with Vedanta. EDAL raised Rs 84 crore in Sept 2007 via preferential issue of shares at a premium of Rs 565 per share from Morgan Stanley Mutual Funds.
EDAL has launched cold forming alu-alu foil in the premium segment as an import substitute product. EDAL’s alu-alu foil is around 40% cheaper than the imported material and hence the company is likely to garner a good market share. Moreover, it will have a first mover advantage.
EDAL has also entered into flexible packaging and metalised PVC films for its FGCG customers. The major customers include: ITC, HUL, Nestle, Cadbury, Perfetti, Hindustan latex etc. With the entry into FMCG segment the ratio of pharma: FMCG sales are likely to change from 90:10 in FY08 to 60:40 in FY09 (with India Foils).
EDAL is currently exporting to countries like Chile, Ghana, Cost
To see full report: ESS DEE ALUMINIUM
Incorporated in 2004, EDAL manufactures aluminium foils and polyvinyl film-based packaging products. It also manufactures thermoforming polyvinyl chloride films (rigid PVC films) as well as PVdC (polyvinylidene chloride)-coated PVC barrier thermoforming films for blister packaging. Along with subsidiary Flex Art Foil, it provides endto- end packaging solutions to the pharmaceutical end users.
During December 2006, EDAL tapped the capital market to raise Rs 157 crore at a price of Rs 225 per share. Its recently acquired India Foils (IFL) manufactures laminated flexible packages, aluminium foils and aluminium container sheets and light gauged strips and processed laminated paper, paperboard and containers.
Highlights:
During 2007-08, the company increased the capacity of cold rolling from 9, 100 MT to 18, 000 Mt to cater light gauge and ultra light gauge foil suitable for the Food and FMCG sectors.
IFL has installed capacity of 18,000 tpa and hence the combined capacity will be 36,000 tpa. This will put EDAL in a commanding position in the domestic market.
EDAL acquired a 90% stake in IFL for Rs 120 crore from Vedanta Group, making it a subsidiary. The remaining 10% stake is with Vedanta. EDAL raised Rs 84 crore in Sept 2007 via preferential issue of shares at a premium of Rs 565 per share from Morgan Stanley Mutual Funds.
EDAL has launched cold forming alu-alu foil in the premium segment as an import substitute product. EDAL’s alu-alu foil is around 40% cheaper than the imported material and hence the company is likely to garner a good market share. Moreover, it will have a first mover advantage.
EDAL has also entered into flexible packaging and metalised PVC films for its FGCG customers. The major customers include: ITC, HUL, Nestle, Cadbury, Perfetti, Hindustan latex etc. With the entry into FMCG segment the ratio of pharma: FMCG sales are likely to change from 90:10 in FY08 to 60:40 in FY09 (with India Foils).
EDAL is currently exporting to countries like Chile, Ghana, Cost
To see full report: ESS DEE ALUMINIUM
воскресенье, 5 апреля 2009 г.
>Batronics India (SUNIDHI)
Company Description:
Incorporated in 1990, BIL, the leading Automatic Identification and Data Collection (AIDC) solution provider in India. It offers Automatic Identification and Data Capture (AIDC) technologies, Radio-Frequency Identification (RFID), smart cards and point of sale (POS) solutions. During the year 2004-05, the company started a 100% Export Oriented Undertaking obtained the registration from Software Technology Park of India, Hyderabad. BIL made its IPO in January 2006 at a premium of Rs 65 per share aggregating Rs.48.75 crore.
Highlights:
BIL had already commenced its 80 million cards a year - first phase of Smart Card manufacturing unit in July, 2007. BIL started production of Smart Cards, Magnetic Stripe Cards, Scratch Cards and plain PVC Cards etc. This is India's first Smart Card manufacturing unit offering, "One Stop Customized Smart Card based Solutions & Applications".
BIL incorporated a wholly-owned subsidiary, Bartronics America Inc. (BAI), which recently made an acquisition in the US. BAI acquired Proximities & SRG America Inc., for US $50mn. Proximities, Inc. is a privately held company that develops; markets and supports secure RFID cashless payment, access control and age verification solutions.
BIL had raised $75mn for expansion and acquisition of which FCCBs of US$ 56 million (US$ 6 million – 2012 and US$ 50 million – 2013) are outstanding. It completed expansion of Rs 220 crore during 2007-08.
In the Smart Cards segment, BIL caters to the Telecom sector, manufacturing GSM SIM cards for companies like Airtel, R Com, Essar Vodafone and Idea. It has tied up with a leading German systems integrator, G&D, for supply of its SIM cards.
It derives 55 per cent of its revenues from India, 35 per cent from the US and the rest from countries such as Singapore and Malaysia. BIL’s corporate clients include TCS, Tata Steel, Tata Motors, Ranbaxy, ITC, HUL, Pantaloon, TVS Whirlpool, Voltas, Chennai Petroleum, TVS
Suzuki, Wipro, GE Systems, ITC, M&M and Hindustan Lever etc. .
BIL bagged two big orders from the Singapore Govt for RFID tagging in warehouses in the central prison and also in newly constructed buildings. These would generate revenues from Q4FY09 onwards.
To see full report: BATRONICS INDIA
Incorporated in 1990, BIL, the leading Automatic Identification and Data Collection (AIDC) solution provider in India. It offers Automatic Identification and Data Capture (AIDC) technologies, Radio-Frequency Identification (RFID), smart cards and point of sale (POS) solutions. During the year 2004-05, the company started a 100% Export Oriented Undertaking obtained the registration from Software Technology Park of India, Hyderabad. BIL made its IPO in January 2006 at a premium of Rs 65 per share aggregating Rs.48.75 crore.
Highlights:
BIL had already commenced its 80 million cards a year - first phase of Smart Card manufacturing unit in July, 2007. BIL started production of Smart Cards, Magnetic Stripe Cards, Scratch Cards and plain PVC Cards etc. This is India's first Smart Card manufacturing unit offering, "One Stop Customized Smart Card based Solutions & Applications".
BIL incorporated a wholly-owned subsidiary, Bartronics America Inc. (BAI), which recently made an acquisition in the US. BAI acquired Proximities & SRG America Inc., for US $50mn. Proximities, Inc. is a privately held company that develops; markets and supports secure RFID cashless payment, access control and age verification solutions.
BIL had raised $75mn for expansion and acquisition of which FCCBs of US$ 56 million (US$ 6 million – 2012 and US$ 50 million – 2013) are outstanding. It completed expansion of Rs 220 crore during 2007-08.
In the Smart Cards segment, BIL caters to the Telecom sector, manufacturing GSM SIM cards for companies like Airtel, R Com, Essar Vodafone and Idea. It has tied up with a leading German systems integrator, G&D, for supply of its SIM cards.
It derives 55 per cent of its revenues from India, 35 per cent from the US and the rest from countries such as Singapore and Malaysia. BIL’s corporate clients include TCS, Tata Steel, Tata Motors, Ranbaxy, ITC, HUL, Pantaloon, TVS Whirlpool, Voltas, Chennai Petroleum, TVS
Suzuki, Wipro, GE Systems, ITC, M&M and Hindustan Lever etc. .
BIL bagged two big orders from the Singapore Govt for RFID tagging in warehouses in the central prison and also in newly constructed buildings. These would generate revenues from Q4FY09 onwards.
To see full report: BATRONICS INDIA
пятница, 27 марта 2009 г.
>Indian Overseas Bank (SUNIDHI)
COMPANY DESCRIPTION
IOB had the unique distinction of commencing business in 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in
Burma (presently Myanmar) followed by a branch in Penang. At the dawn of Independence, IOB had 38 branches in India and 7 branches abroad. In 2006, it acquired Bharat Overseas Bank.
In September 2000, the bank had come out with an offer of 11.12 crore equity shares of Rs 10 each at par, aggregating to Rs 111.20 crore. It came out with its second initial public offer of 10 crore equity shares of Rs 10 each for cash at premium of Rs 14 per share aggregating Rs 240 crore through the fixed price route in October 2003.
Highlights:
● IOB has a dominant presence in south India, which accounts for 45% of its branch network. Currently, the bank has 1, 894 branches across the country. It has international presence in eight countries.
● Total business as on December 31, 2008 rose from Rs 1, 33, 413 crore as at end December 2007 to Rs 1, 62, 575 crore — a growth of 22%.
● Total deposits grew by 15% to Rs 90, 866 crore from Rs 78, 791 crore. Advances spurted 31% in Q3FY09 to Rs 71, 709 crore from Rs 54, 6222 crore (YoY). As at December 31, 2008 IOB’s CASA (current accounts saving accounts) is marginally down to 29.23% from 30.93% (YoY).
● IOB, with a capital adequacy ratio of 13.34%, has comfortable capital to support the envisaged growth. Gross & Net NPA stood at 2.49% and 1.30% as on December 31, 2008.
● IOB entered into non life insurance business with equity participation of 19% in a joint venture Universal Sompo General Insurance Co. The bank along with bank of Baroda (BOB) and Andhra Bank (AB) has planned to open overseas bank in Malaysia. It will be a special purpose vehicle in which IOB and AB could hold equity of 30% each and BOB could hold 35% of equity stake.
● The overseas bank would be operational by end of financial year 2009 subject to necessary regulations. The new joint venture is expected to commence operations by the end of 2009.
To see full report: INDIAN OVERSEAS BANK
IOB had the unique distinction of commencing business in 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in
Burma (presently Myanmar) followed by a branch in Penang. At the dawn of Independence, IOB had 38 branches in India and 7 branches abroad. In 2006, it acquired Bharat Overseas Bank.
In September 2000, the bank had come out with an offer of 11.12 crore equity shares of Rs 10 each at par, aggregating to Rs 111.20 crore. It came out with its second initial public offer of 10 crore equity shares of Rs 10 each for cash at premium of Rs 14 per share aggregating Rs 240 crore through the fixed price route in October 2003.
Highlights:
● IOB has a dominant presence in south India, which accounts for 45% of its branch network. Currently, the bank has 1, 894 branches across the country. It has international presence in eight countries.
● Total business as on December 31, 2008 rose from Rs 1, 33, 413 crore as at end December 2007 to Rs 1, 62, 575 crore — a growth of 22%.
● Total deposits grew by 15% to Rs 90, 866 crore from Rs 78, 791 crore. Advances spurted 31% in Q3FY09 to Rs 71, 709 crore from Rs 54, 6222 crore (YoY). As at December 31, 2008 IOB’s CASA (current accounts saving accounts) is marginally down to 29.23% from 30.93% (YoY).
● IOB, with a capital adequacy ratio of 13.34%, has comfortable capital to support the envisaged growth. Gross & Net NPA stood at 2.49% and 1.30% as on December 31, 2008.
● IOB entered into non life insurance business with equity participation of 19% in a joint venture Universal Sompo General Insurance Co. The bank along with bank of Baroda (BOB) and Andhra Bank (AB) has planned to open overseas bank in Malaysia. It will be a special purpose vehicle in which IOB and AB could hold equity of 30% each and BOB could hold 35% of equity stake.
● The overseas bank would be operational by end of financial year 2009 subject to necessary regulations. The new joint venture is expected to commence operations by the end of 2009.
To see full report: INDIAN OVERSEAS BANK
среда, 25 марта 2009 г.
>Yes Bank (SUNIDHI)
Company Description:
YBL, India's new age private sector Bank, is an outcome of the professional entrepreneurship of its founder, Rana Kapoor in 2003. YBL has fructified into a 'full service' commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Retail and Wealth Management business lines across the country. During 2005, the bank had forayed into retail banking with launch of International Gold and Silver debit card in partnership with MasterCard International. YBL had entered the capital market with its initial public offer in June 05 at a price of Rs 45 (Rs 35 premium). YBL has 117 fully functional branches and expects to open another 35-50 branches.
Highlights:
Yes Bank is aggressively foraying into retail banking for deposits, while retail advances are not the focus. Its loan book is divided between corporate (57%) and small and medium enterprises (41%). As of Q3FY09, the top sectoral exposure is diversified between food and agri business (20%), engineering (18%), infrastructure and logistics (17%), life sciences and chemicals (8%), and technology media and telecom (12%).
The UAE-based private bank Mashreq has tied up with YB to launch global Indian banking services across UAE. The tie up will allow Mashreq Gold customers in the UAE to open rupee savings accounts and fixed deposits.
YBL also plans a foray into asset reconstruction business by the end of this year; this can boost its ‘other income’. The bank intended to increase its SME clientele to 1,000 by FY09 and plans to add 5,000 customers under its Urban-Micro Finance programme.
YBL has high quality assets, comfortable capital adequacy, robust other income and strong growth in advances in the current challenging scenario. Its NPA during 31st December 2008 stood at 0.15% and capital adequacy ratio at 14.6%.
Capital adequacy ratio continues to remain healthy at 15%. Further, the bank has raised hybrid tier-1 capital (innovative perpetual debt) of INR 1.6 billion recently and expects release of 80bps when it reports in Basel 2 by FY09.
To see full report: YES BANK
YBL, India's new age private sector Bank, is an outcome of the professional entrepreneurship of its founder, Rana Kapoor in 2003. YBL has fructified into a 'full service' commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Retail and Wealth Management business lines across the country. During 2005, the bank had forayed into retail banking with launch of International Gold and Silver debit card in partnership with MasterCard International. YBL had entered the capital market with its initial public offer in June 05 at a price of Rs 45 (Rs 35 premium). YBL has 117 fully functional branches and expects to open another 35-50 branches.
Highlights:
Yes Bank is aggressively foraying into retail banking for deposits, while retail advances are not the focus. Its loan book is divided between corporate (57%) and small and medium enterprises (41%). As of Q3FY09, the top sectoral exposure is diversified between food and agri business (20%), engineering (18%), infrastructure and logistics (17%), life sciences and chemicals (8%), and technology media and telecom (12%).
The UAE-based private bank Mashreq has tied up with YB to launch global Indian banking services across UAE. The tie up will allow Mashreq Gold customers in the UAE to open rupee savings accounts and fixed deposits.
YBL also plans a foray into asset reconstruction business by the end of this year; this can boost its ‘other income’. The bank intended to increase its SME clientele to 1,000 by FY09 and plans to add 5,000 customers under its Urban-Micro Finance programme.
YBL has high quality assets, comfortable capital adequacy, robust other income and strong growth in advances in the current challenging scenario. Its NPA during 31st December 2008 stood at 0.15% and capital adequacy ratio at 14.6%.
Capital adequacy ratio continues to remain healthy at 15%. Further, the bank has raised hybrid tier-1 capital (innovative perpetual debt) of INR 1.6 billion recently and expects release of 80bps when it reports in Basel 2 by FY09.
To see full report: YES BANK
суббота, 17 января 2009 г.
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