Kiran Kulkarni left AFTEK in 1998 to start geodesic and now last month Dhananjay Kulkarni has left to start a IT company called Maven systems. activities mentioned in the site is as same as that of aftek ltd .even geodesic has similar aftek products....

20 % up circuit 2 morrow ...

Because that 360 Crore on the paper...

This report was published on 9th sept09 by CARE.Pl read and give your comments CARE ASSIGNS ‘A’ RATING TO THE NCD ISSUE OF AFTEK LTD. CARE has assigned a ‘CARE A’ (Single A) rating to Aftek’s proposed Non Convertible Debentures (NCD) aggregating Rs.50 crore. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations. Such instruments carry low credit risk. CARE assigns `+` or `-` signs to be shown after the assigned rating (wherever necessary) to indicate the relative position within the band covered by the rating Rating Rationale The rating is based on Aftek’s more than twenty year track record, comfortable liquidity position, low debt levels and high interest coverage ratio, high profit margins,strength of Aftek’s technical team, diversification efforts undertaken and the company’s capacity to generate cash.The rating, however, is constrained by the dependence on uncertain export market,technology & product life-cycle risk and negative outlook of the industry in the shortto-medium term. The ability of the company to launch its new products successfully and to effectively integrate its acquisitions remains the key rating sensitivities Company Profile Aftek was established in 1986 when it started with selling assembled computers and peripherals. Post 1995, after gaining substantial exposure in the IT industry, Aftek started offering software services which form more than 90% of its offerings. Aftek is mainly engaged in providing services in Information Technology, embedded systems,hardware engineering, testing services and solutions. Aftek was traditionally engaged in the capacity of an intermediary between the customer and the testing-services provider. The company has planned to introduce product/offerings of its own to the customers, which will help Aftek diversify its business and improve margins. Moreover, the new offerings are primarily aimed at domestic market which would not carry the foreign exchange risk posed by a highly export dependent revenue structure in the past.Aftek had reported a total income of Rs.392.54 crore and earned a PAT of Rs.80.94crore in FY08. The gearing ratios of the company were comfortable as at end of FY07, FY08 and FY09 (provisional). Interest coverage has been fairly adequate due to strong operation margin and low gearing levels. In FY09, (as per provisional results) Aftek reported a loss of Rs.6.95 crore due to diminution in value of investments of its subsidiary Arexera AG, which was notional in nature. Notwithstanding the above, Aftek’s liquidity position was comfortable as it had high level of cash balances.Analyst Contact Name: Umeshpratap Singh Email: umesh.singh@careratings dot com ...

i have gone 950 shree precoated steel at 16.4.this is taken over by essar steel as they have 4 plants near pune with special technology of galvanising and steel colouring.essar steel will supply raw material and this they got delisted last.financial details have been finalised through earnest and young.ajmera group and essar are not disclosing details to public.traders are accumulating the stock and rumouring also there are financial liabilities but ajmera gp has said they have paid idbi bank loan.like patheria i though it as bargain.pl advise if you have any info about this stock. my view this stock should be a multibagger if essar gp does not delist it for which they are well known as rhey do not want their fortunes to be shared by other creatures....

you have correctly highlighted the weakness of business model.small investors are lured by mudra patheriya and 20 20 match awaz tv recommendation smart money has sold and are exiting.this is stock with onetime news driven momentum then sleeps.mudra pathriya selects low priced stocks trading at low valuations with co showing some turnover but unless traders and market makers are not attracted his recommendations are making small investors more poor but he makes money as he takes positions in advance.he does lot of research and works hard.best is to note his recommendation and act when news cools out....

no.......just like...

What is the current rating assigned by them! Is it furter downgraded from `A(ind)`. Thanks ...

There is no dearth of fear here. And at 6, it can hardly heal the wound of the investors. Thanks...

Why Mr. Dhuru wants Rs.50 crore, if he has high level of cash balances !!! Thanks...

From 15 rupees, the dividend has been reduced to 5 last year. And u want a bonus from this sinking ship!! Thanks ...

Yes, I have also got it today by ECS. Thanks...

Which rally r u talking about !!!...

Thanks a lot for ur views. 95 retail investor do not realise that their money is being grabbed by only 5 in the crowd. And they r happy to own the so called asset called equity for yrs that hardly yields any return for their investment. Thanks again....

By the way, who r all here ready and willing to adopt(buy!) the newborn! Hope for the best. Thanks ...