Prism Informatics Limited – Third Quarter Results Financial Year 2010-11

 

Prism Informatics Limited – Third Quarter Results Financial Year 2010-11

Consolidated Q3 Revenue up 43% QoQ and 2347% YoY

Consolidated Q3 Profit After Tax up 190% QoQ and 1131% YoY

Declared an interim dividend of 12.5%

Acquired 51% Majority Stake in Saudi Arabia IT company – Information Management Technologies (IMT) in Nov’10

Mumbai: Prism Informatics Limited, a Software Development and IT Business Consulting Services Provider (referred to as “Prism” or the “Company”, BSE: 505530) announces its Unaudited Third Quarter and Nine Months results for Financial Year 2010-11.

Speaking on the occasion, Mr. Alok Pathak, Managing Director, Prism Informatics Limited said:

“Prism continues to perform well in all established segments and geographies in Q3 FY 2010-11. In this quarter, Prism expanded its footprint in the Middle East Market with the 51% acquisition of Information Management Technologies (IMT), a subsidiary of the Al Suwaidi Group, in the Kingdom of Saudi Arabia. Prism is exhibiting very strong organic growth. The company continues to pursue its inorganic growth strategy and is evaluating further acquisition of companies in Europe and Middle East.”

Financial Highlights (Consolidated)

Financials						(INR Lakhs)
(Year Ending March)	Q3FY11	Q2FY11	QoQ (%)	Q3FY10	YoY (%)	FY10
Revenue	2141.70	1502.21	43	176.21	2347	829.97
EBITDA	107.78	58.63	84	9.56	1140	75.45
Net Profit	144.71	49.83	190	9.36	1131	51.66
Diluted EPS (INR)	10.05*	3.85	161	1.49	250	3.79

           

The board declared an interim dividend of 12.5% for third quarter financial year 2010-11

*On equity face value of Rs. 10 prior to stock split. On Equity face value Rs.1, the EPS is Rs.1.005

 

Business Highlights

Contracts / New Business / Growth: This quarter also witnessed new businesses/contracts/growth in various geographies:

Germany:

• SAP retail system maintenance contract by German automobile company:

Prism has been awarded the SAP retail system maintenance contract, for a long term of 3 years, by a large German automobile company this quarter.

• SAP support contract from Nycomed, a global pharmaceutical company:

Nycomed awarded Prism contract to support and monitor their operative SAP system on a daily basis in 2011. Nycomed ranks 28th among global pharmaceutical companies and is the 16th largest provider of OTC medicines with a strong presence in Europe and in the emerging markets in Russia/ Commonwealth of Independent States, Asia and Latin America.

• SAP implementation support for global retail & logistics company in Germany:

Prism has won contract for SAP implementation by a global retail, logistics and distribution company. Consultants of Prism have taken over major work packages to enable the client to accomplish project goals efficiently and effectively.

Sri Lanka:

• SAP implementation project for Textured Jersey:

Prism Informatics has successfully implemented SAP in Sri Lankan company- Textured Jersey. Textured Jersey is jointly owned by Pacific Textiles and Brandix Lanka. Pacific Textiles is a listed company in Hong Kong with one of the largest manufacturing facilities in China. Brandix Lanka is the largest apparel exporter in Sri Lanka and supports Textured as a strategic link in their supply chain.

Thailand:

• SAP CRM contract from S.B. Furniture Group of Companies, Thailand

Prism has won contract for SAP CRM by S.B. Furniture Group of Companies. S.B. Furniture Group began its operations since 1953 and has maintained its image as a specialist in the manufacturing of high quality furniture. Project involves providing end to end retail system solution to the client.

For further details please coordinate:

Atul Malikram

9827092823

Let us enjoy a new magazine- Peoples Pravakta

A real magazine is supposed to be the best companion of a reader. If the contents of magazine are as per choice of reader then he/she will not leave it, until it is not read fully. Peoples Pravakta a monthly magazine coming from Pravakta group can be termed as magazine of, Peoples choice, because of its outlook, qualitative articles, and neat printing. Magazine is available in Hindi and English languages.

Peoples Pravakta is the maiden product of Pravakta Group, who made it’s foray in magazine market, few months back. Shri Rajesh Sharma, editor, Peoples Pravakta says “we are overwhelmed by the response our magazine has received within a year of publication, i.e. the year 2010 when we had launched the magazine. Though we were confident to establish us in the market, but the extent to which, we have reached, was beyond our imagination. This could happen only due to affection we received from audience, allover”.

Shri Sharma added “At present our network is only in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but owing to growing demand, we have set a target to make available Peoples Pravakta to readers of other states of country also, latest by the end of 2011”.

Peoples Pravakta is marching ahead to create a name in magazine segment.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Future Generali Insurance Week creates a Guinness World Record

Future Generali Insurance Week creates a Guinness World Record

Awareness movement generates over 10 lakh pledges

Mumbai: Future Generali India, the insurance joint venture between India's Future Group and Generali of Italy has set a new Guinness World Record with its Industry first initiative - Future Generali Insurance Week (FGIW) between January 29 - February 6, 2011 that was conducted across 103 Future Group retail outlets across the country and over 190 Future Generali branches.

FGIW marked its successful culmination by gaining entry to the Guinness Book of World Records for the LONGEST BALLOON CHAIN IN THE WORLD. This 20 km. long chain formed by balloons signed by people, who committed to getting adequately insured and thereby ensuring the security of their loved ones, through the FGIW. Balloons collected till the end of the FGIW campaign were filled to form the longest balloon chain in the world, earning Future Generali and Big Bazaar, a place in history!

Insurance penetration in India is just 4.6% in life and 0.61% in non-life insurance (annual premium paid as % of country’s GDP). In terms of Insurance density, the numbers are even more alarming - in developed nations like the U.S is it is 33 times, that of India, the UK is 73 times and Japan is 65 times. Even a country like Thailand is double than that of India.

The fact that we rank a lowly 12th In Asia is alarming, considering that we are amongst the fastest growing economies. With such a sad state of affairs, the so called young India we celebrate and talk about will probably be a middle aged/old India just 15 to 20 years down the line, with little or no Insurance.

Future Generali introduced the unique concept of Insurance Week, to create a movement to increase awareness, and change the inertia and procrastination that all of us are prone to, when it comes to buying insurance. There was a serious need to create an occasion for re-evaluating insurance needs keeping pace with growing responsibilities and needs. Something that's never been attempted in the country before!

All through the Future Generali Insurance Week (FGIW), customers and prospects at 103 Big Bazaar outlets & over 190 Future Generali branch offices across the country were engaged to sign a white balloon as a symbol of their pledging to ensure the protection of their loved ones with adequate Insurance. By the end of the week, Future Generali has received over ten lakh signed balloons, displaying a tremendous response from people across age groups.

For Further Information:

Atul malikram

9827092823

Your search of good magazine ends now

Upto 70’s and 80’s, only limited magazines were having their identity in our country. Dharmayuga, Saptahik Hindustan, India Today and Filmfare etc. were few magazines, who had created their names for outlook, coverage & circulation. Today in 21^st century, with development in each sector, magazine sector has also done stupendous rise and lacs of magazines are being published in our country, in Hindi, English, & regional languages.

Peoples Pravakta, a monthly magazine in Hindi as well as English, had started its journey in the year 2010. During a span of one year, the magazine has created name for its outlook, material and circulation.

At present Peoples Pravakta is designed to incorporate various subjects in 48 pages, like Political, Social, Technical, Health, Science, Agriculture, Sports, Astrology and many more. Total circulation of Peoples Pravakta up to January 2011 has reached 1,50,000 copies, & has approach in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar stales, and company is planning to reach remaining parts of country, by and of this year.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Priyanka soars temperatures high as she steps into UTV Bindass Love Lockup..!!

Priyanka soars temperatures high as she steps into UTV Bindass Love Lockup..!!

Every girl has her boy issues to deal with and Priyanka Chopra is no exception. Recently she went onto UTV Bindass Love Lockup. No, she aint there for the love ka last chance but to be the “sutradhar” to the celebrity couple, Krushna Abhishek and Kashmira Shah, who are going into the Love Lockup to solve their love issues. She revealed her way of overcoming these issues!! Priyanka says that hats off to the couple who enter the Love Lockup to solve their rocky relationship but for her the only place she would enter would be under her blanket!!! According to her it’s the most comfortable place to cuddle and sleep off her problems. We aren’t talking about a power nap or a few hours of sleep….Piggy Chops needs almost up to 30 hours to sleep of all her problems!!! She confesses that great relationships come into our life very rarely so what’s the use if we can’t hold onto them.  Adding further, in her drama mood on set Priyanka even picked up a belan and threatened the host, Pravesh, that she would hit him with it if he doesn’t behave himself!! She didn’t stop at that- she went on to show her temper tantrums by throwing utensils present in the lockup flying in different directions!! So much in the name of “love”…

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Peoples Pravakta A magazine believing only in truth

Peoples Pravakta, a monthly magazine is designed to suit requirement of all kinds of readers. The magazine comprises of interesting articles, stories on various subjects, e.g., Social, Political, Religion, Science, Sports, Astrology, Agriculture, Business, and Health etc. At present it has 48 pages and each one has been devised cautiously to meet requirement of all segments. Magazine is published in Hindi & English languages.

The edition of February 2011 is about to come in the market, but due to its popularity, almost entire lot is booked, in advance. This reveals high demand of magazine in the market.

Recently, on completion of one year of Peoples Pravakta, when asked to Shri Rajesh Sharma, Editor, Peoples Pravakta about his reaction, he said, “At this time, when not only in our country but all over the world, countless magazines are available, a reader may have difficulties in selection of magazine of his choice. Since, before starting the magazine, we had taken intensive tour across the country to ascertain choice of audience, we are happy to inform that Peoples Pravakta has created place amongst readers, right from first issue. Magazine is being published in Hindi and English languages.”

Shri Sharma further added, “Although, native place of our magazine is M.P, but we have given place to latest situations and news of all states of our country in our magazine. As we include subjects like politics, social, technique, health in our magazine therefore we are receiving affection of each sector. We are grateful to our readers and it is only because of their blessings that within a short period of one year more than 75,000 copies of Peoples Pravakta are circulated, every month. We also welcome suggestions of our readers.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in

Mahindra announces entry into Construction Equipment Business Launches Mahindra EarthMaster Backhoe Loader

                                                                                   

Mahindra announces entry into Construction Equipment Business

Launches Mahindra EarthMaster Backhoe Loader

Synopsis: ·         Makes debut with launch of Mahindra EarthMaster Backhoe Loader available at a price of Rs. 20,98,400. ·         Unmatched fuel economy & warranty ·         Equipped with REMOTECARE* – unique customer centric proposition ·         Meets stringent global emission norms ·         Project cost of this new business is Rs. 300 crore

February 7, 2011, Mumbai:         Mahindra & Mahindra Ltd., India’s leading utility vehicle and tractor manufacturer, today announced its entry into the Construction Equipment business with the launch of the Mahindra EarthMaster Backhoe Loader. The Mahindra EarthMaster is available at a price of Rs. 20,98,400 (ex showroom Maharashtra). The project cost of the Construction Equipment business is around Rs. 300 crore.

Speaking at the launch of the Construction Equipment business, Dr Pawan Goenka, President, Automotive & Farm Equipment Sectors, Mahindra & Mahindra, said, “I am pleased to announce Mahindra’s entry into a large, fast growing and profitable construction equipment industry with the launch of its first product in this category the EarthMaster Backhoe Loader.  The Mahindra EarthMaster is an outcome of 36 months of development and is loaded with technology not hitherto seen in this product segment in India.  With EarthMaster we are ushering in a new era of performance, comfort and ease of operation in backhoe loaders.”

“The Mahindra EarthMaster has undergone over 20,000 hours of rigorous testing in the harshest of terrains and for the toughest of applications. It has been validated on all performance, safety and reliability parameters. It is backed by Mahindra’s dealer network, which will have unparalleled reach across the country. India is the world’s largest backhoe loader market with over 25,000 units expected to be sold in this fiscal, and we hope to create a mark in this fast growing segment,” said Mr. Kairas Vakharia, Business Head, Construction Equipment, Mahindra & Mahindra Ltd.

The Mahindra EarthMaster will be manufactured at Mahindra’s state-of-the-art facility at Chakan, Pune.

Mahindra’s Product Development team has utilized extensive consumer insight and feedback to develop this product which is built to withstand India’s rough terrain and heavy usage. In addition, the product offers cutting edge features using the latest vehicle systems and technologies at prices that are within reach of the mass market.

The Mahindra EarthMaster comes with a 2 year unlimited hours warranty which keeps contractors free from anxiety about expensive repairs that are normally associated with earthmoving machinery. The company has put in place a dedicated sales and service network to cater to its Construction Equipment customers. This will include over 200 Dealer Sales, Service and Spare Parts outlets, over 200 service vans to reach customers at their sites, 12 Area Offices, one Central Parts Warehouse & 10 Regional Parts Warehouses to supply dealers and a call center supporting nine languages.

About the Mahindra EarthMaster Backhoe Loader

The Mahindra EarthMaster presents the discerning Indian customer with the choice to BREAKFREE from the limitations of dated technology. Equipped with superior technology coupled with unmatched fuel economy, superior style and operator comfort and REMOTECARE^TM, the Mahindra EarthMaster offers a host of benefits to the earthmover and is the ideal machine for all heavy duty applications like excavation, loading, grading, dozing and cutting.

                                                                             

DITEC Engine

The Mahindra EarthMaster is powered by Mahindra’s DITEC Engine, a compact 3.3 litre engine which delivers best in class 83 HP (Ps) power.  The construction of the DITEC engine combining Direct Injection (DI) with Turbo charger & Intercooler (TCI) delivers over 10% fuel savings per hour allowing Earthmoving contractors to lower their operating cost in a very competitive contracting and hiring business. The DITEC engine is packed with the latest technology for minimizing emissions that even meets USA Tier III emission norms, the most stringent in the world.

Two Year, Unlimited Hours Warranty

Mahindra EarthMaster offers a 2 year unlimited hours warranty which allows customers to BREAKFREE from anxiety about expensive repairs. This unprecedented warranty on Mahindra EarthMaster is possible due to Mahindra’s engineering and manufacturing capability, backed up by a grueling testing regime and sourcing of the best components.

*Machine operating information on the mobile through REMOTECARE^TM

The REMOTECARE feature takes freedom to the next level. It is an intelligent communication system that keeps the business owner or manager constantly informed about the machine through mobile phone based SMS updates. This allows customers to BREAKFREE from lack of control over their business, and manage their fleets from the comforts of their office, car or home. Be it business information like daily work reports, or warnings like low fuel, filter clogging, engine oil pressure, customers get constant updates about their Mahindra EarthMaster 24X7

Futuristic Styling, Superior Comfort and Convenience

The Mahindra EarthMaster comes with stylish 21^st century looks leading to a great reputation for the customer and his business and an attractive place to work for his operator.  The car like interior of the cabin is created using well designed consoles, and the latest front and side instrument clusters. Special care has been taken to design the Mahindra EarthMaster for all around visibility in day and night time.  A deluxe seat with arm rests allows for comfort and working long hours.   Personal storage areas and a stylish tool box conveniently located at the rear of the cabin, keep the work area neat and clear of clutter.   With the FM Radio, operators can listen to their favorite songs as they make the Mahindra Earthmaster work for them.

Zero Fatigue Operation from a Machine that Talks.

With Mahindra EarthMaster, Effortless is redefined. Primitive, tough to operate levers are a thing of the past with Mahindra EarthMaster.  Only Mahindra EarthMaster offers specially designed joysticks that are not only easy to use but also minimize fatigue, thus allowing operators to work long hours.

The machine has a new age digital cluster that helps the operators identify and trouble shoot problems. Operators in different regions of India can read messages and listen to warnings in 6 different languages, in addition to the standard warning indicators. Now that’s ‘Simplifying life’

Third Generation Hydraulics

Backhoe loaders that are normally found in India do not allow operators to undertake multiple movements simultaneously, nor are they suitable for fine operations like grading and cutting. The Mahindra EarthMaster enables the customer to BREAKFREE from these limitations using a hydraulic system only found on crawler excavators which allows faster and smoother operations.

For further information, please contact:

Atul Malikram

9827092823

pr@atulmalikram.in