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July 10, 2000

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 Company  Response Informatics
 Market Price  Not listed
 Lead manager  Ashika Credit Capital
 Listing At  Hyderabad, Calcutta
 Opening/Closing  July 10 / July 14
 Promoters P M Nair, I V S S N Raju, R Ganesh
 Associate Co.  Shiva Hitech Projects, Shiva Hitech Non-Conventional Systems, Response Finance & Allied Services, Response Projects
 Managing Director  P M Nair
 Post-issue Stake  71.07%
 Issue  
 Size  Rs 17.50 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Part finance cost of setting up ISP, cyber cafes, software development & training centers, E-commerce, Web designing & Maintenance center, marketing office in USA
 Business  
 Product  Software Development & Training
 Location  Hyderabad
 Project cost  Rs 67.50 million
 Funded by  Equity, term loan of 7.5 million
 Kensource projections  (2001)
 Sales  Rs 30 million
 Profit  Rs 3.6 million
 Earnings per share  Re 0.60
 Return on equity  6%
 CommentExpects 50% revenues to come from ISP business that has not yet started and will face tremendous competition. Unrealistic projections.
 Rating *  D

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

By Kensource Information Services Pvt. Ltd.

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