Equity Watch

Teledata Infomatics keep it on your Radar

 

 

Teledata Informatics Ltd has announced that, it plans to split the Company into three separate entities, focusing on specific businesses. The demerged entities will be Teledata Marine Solutions Ltd, Teledata Technology Solutions Ltd and Teledata Informatics Ltd (the Company).

Explaining the logic for the demerger, the Company’s Managing Director, Mr. K Padmanabhan said that each business was distinct and had significant potential for growth “The de-merger will ensure better operational management and focus on accelerated growth of individual units and will also ensure higher returns. The restructuring will enable greater focus on the respective business operations and products and provide scope for independent collaboration and expansion,” he said. Moreover, the de-merger will create potential to attract different set of investors, strategic partners and lenders for each business, thereby unlocking and enhancing value for shareholders and other stakeholders, Mr. K Padmanabhan said.

The scheme has been filed with the Chennai High Court for its approval. The process is expected to be completed in three to four months time, and the shares of the de-merged entities are expected to be listed by April, 2007.

1. Activities of Demerged divisions:

A. Teledata Marine Solutions Ltd:

– Logistics Software Products and solutions
– Marine software solutions
– E learning solutions
– Ship owning & Ship management
– Logistics management
– Environmental pollution certification
– Port management & LPG distribution
– Marine Insurance Services

B. Teledata Technology Solutions Ltd:

– ERP (Oracle, SAP, JD Edwards, Navision)
– CRM (Clarify)
The above include projects, consulting and recruitment

C. Teledata Informatics Ltd:

– Education
– Utility
– Communication
– Agro Biotech

2. Subsidiaries in each de-merged entity:

A. Teledata Marine Solutions Ltd:

– ECM Maritime Services
– Sirius Marine Services Pte Ltd
– Sirius shipping Company Ltd
– Picnic Marine Co Ltd
– Navakun Transport Ltd
– SBC Data systems

B. Teledata Technology Solutions Ltd:

– Transworld Information Systems
– Bitech International LLC, Dubai
– Alphasoft Services corporation
– Datamethods
– Bitech International Pte Ltd, Singapore
– Nemera International Co Ltd
– Netsol Technologies Ltd
– Vanguard Technologies Pvt Ltd
– Daan Consulting Inc

C. Teledata Informatics Ltd:

– Hyper Sascom Ltd
– Teledata Education Management Systems Ltd
– Insoft Systems Pte Ltd
– iMax Networks Ltd
– Voicetec International
– Kryptos Networks Pvt Ltd

Transfer of Assets & Liabilities to Teledata Marine Solutions Ltd:

Part A

Fixed Assets : 41.43 Crores
Current Assets : 213.64 Crores
Investments : 14.59 Crores

Part B

Liabilities : 56.04

Book Value of Assets over liabilities aggregates to Rs 213.62 crores

Transfer of Assets & Liabilities to Teledata Technology Solutions Ltd:

Part A

Fixed Assets : Nil
Investments : 76.57

Part B

Liabilities : Nil

Book Value of Assets over liabilities aggregates to Rs 76.57 crores

Balance With Teledata Informatics Ltd:

Part A

Fixed Assets : 65.45 Crores
Current Assets : 174.34 Crores
Investments : 15.23 Crores

Part B

Liabilities : 51.49

Book Value of Assets over liabilities aggregates to Rs 203.49 crores

Equity Share Capital (Post Demerger)

Teledata Informatics Ltd – Rs 39.33 Crores
19.66 Crore equity shares of Rs 2 each

Teledata Marine Solutions Ltd – Rs 29.49 Crores
14.748 Crore equity shares of Rs 2 each

Teledata Technology Solutions Ltd – Rs 29.16 Crores
14.58 Crore equity shares of Rs 2 each

How many shares, the present share holders will get after the demerger

After the demerger, for 100 shares of Teledata Informatics Ltd, Shareholders will get:

After the Demerger – No of Shares

Teledata Informatics Ltd – 100
Teledata Marine Solutions Ltd – 50
Teledata Technology Solutions Ltd – 50

Buying  100 shares of Teledata Infomatics @ Rs. 58  will result in 100 shares of Teledata  Infomatics , 50 shares of TD Marines and 50 shares of TD Technology.For FY 08 Expected EPS of Teledata Infomatics is Rs. 12 , of TD Marine Rs. 30 and of TD Technology is Rs. 20. Even at P/E of 5 the share appears to be a multibagger.Buy is recommended.

 This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision

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13 thoughts on “Teledata Infomatics keep it on your Radar

  1. Sailesh says:

    Hi,
    I hold only 30 sahres of TELEDATA INFOMATICS ltd. Will i be eligible for a similar ratio break up.
    Is there any record date for the demerged shares.
    Please let me know. I thought this company got delisted

    Like

  2. Sumit says:

    If one holds 2 shares of Teledata Informatics Ltd as on 23rd November 2007 (i.e. on record date), he will be eligible to get one share each of Teledata Marine & Teledata Technology.

    Like

  3. Rajesh says:

    Teledata has credited the shares of all the three companies to shareholders demat accounts and finalised the AR for 2006-07 on 29/12/2007. Now listing with price target around Rs 250+ for all the three companies combined is expected.

    Like

  4. kasi says:

    hai
    this is kasi
    i am holding 1100 shares of teledata i heard that the share was demerged in to three shares.will u please tell the each rate of the share particularly,
    teledata informatics – ?
    teledata technology – ?
    teledata marine – ?
    can u please tell the listing of these three shares
    would u please sent the following rate listing to my email id
    i.e, kasi7202000@yahoo.com
    And when will it get listed.

    Like

  5. RAJAN says:

    COULD ANYONE TELL ME THE STOCK CODE OF EACH TELEDATA INFORMATICS SHARE TO FIND IN THE MARKET FOR TRADE? WHEN THE TELEDATA IS LIKELY TO GET LISTED IN THE MARKET AFTER THE SPLIT UP?

    MANY THANKS

    RJN

    Like

  6. mehta says:

    what is the future of teledata group ? after demerter teledata info is going constantly at lower levels and no news about listing of other two ? what is the price of QIP placement and who are going to part the QIP in this bear market ? pls make ur comments.

    Like

  7. Aw, this was a truly quality article. In theory I’d like to write like this too – taking time and real effort to make a great article… but what can I say… I procrastinate alot and never seem to get something done. My kindest regards, Nella.

    Like

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