GROARC INDUSTRIES INDIA L Share price

Telesys Software Limited was incorporated on October 13th 1992Telesys Software Pvt. Limited under the Companies Act 1956 andsubsequently converted into a public limited Company on November22nd 1999.TSL is an information technology Company involved in softwaredevelopment and consultancy. TSL was started in 1993 with a datacenter at Madras for processing various data by using computertechnology. The Company has developed and installed customisedsoftware catering to industries such as Hotels HospitalsEducation Institutions and Transport industry segments. Atpresent the company has two development centers in Chennai withabout 50 software professionals. Details of development centersCenter No. 1 - Registered office -Postal Address 1 Ambadi Road Kotturpuram Chennai 600 085 Telephone no. 4419248 Fax No. (044) 4412736 Nature of ownership/lease rent Rental basis Rent Rs. 10000/- per month Deposit Rs. 200000/- Area 4000 Sq Ft. Infrastructure Fully furnished with Computers Air Conditioners Fax Telephone Internet etcSystem Pentium Intel Server with Nodes The office is taken on rental basis from Mr. Saravan Bhaskaranfor 3 years for a rental basis. He is one of the director ofthe Company. However the terms and condition of the agreementis reasonable and in commensurate with he prevailing marketcondition.Center No. 2 -Postal Address 55 Triplicane High Road ChennaiTelephone no. 857 1370 - Extn. 153/154/204Nature of ownership/lease Lease basisDeposit Rs.150000/-Area 3850 Sq. Ft.Infrastructure Fully furnished with AC Phone and ComputersSystem Pentium Intel Server with NodesPresent Business of the CompanyA. Software Development -The company has implemented projects for domestic clients in thesmall and medium enterprises segment. The projects done include(a) total automation of a 100-bed hospital covering allfront-end and back-end activities (b) On-line reservation andbilling system for a medium sized hotel (c) ProductionManagement System for a textile company.B. ConsultancyThe company provides consultancy services to corporate foroptimal implementation of E-Com CAD/CAM and GIS solutions.Significant assignments done -a) CAD/CAM conversion for a supplier to Ford and General Motors- on sub contract basisb) GIS support for route alignment of a 50 km petroleum pipeline- on sub contract basisc) GIS support for automation of tea estates in Sri Lanka - onsub contract basisd) Internet strategy formulation for a large vernacular weekly -direct.Major Projects undertaken during the year 1999-2000 :a) Hospital automation -No. of jobs : 7No. of job : 7Value of job : Rs. 19.40 Lakhsb) School and management institution software -No. of job : 4Value of job : Rs. 9.50 Lakhsc) Hotel management softwareNo. of job : 3Value of job : Rs. 9.00 LakhsDetails of Major Projects handled/Major Projects in progress -a) T-Bank :The software T-Bank is a branch automation software for thebanking sector. This is based on Visual Basic Oracle and JAVA.It is designed for internet banking. The project is at underdevelopment stage and likely to be completed by March 2000.This has been developed for small and medium size private andco-operative banks.b) T-OTEL :The software T-OTEL is a hotel management software and suitableupto three star hotels. This is based on Visual Basic and SQLServer. The software has been developed and going under trialand testing.c) T-OSPlTAL :The Software T-OSPITAL is a hospital management software andsuitable for Nursing Homes and Hospital. This is developedusing Visual Basic and Visual C++. It supports from Oracle andSQL Server databases.Other than those mentioned above the Company has also developedvarious E Commerce components which have application acrossvarious user industries - domestic and foreign.SUBSIDIARY COMPANYThe Company does not have any subsidiary company.DETAILS OF OTHER COMPANIES/FIRMS WITH WHICH PROMOTERS AREASSOCIATED :The promoters have not promoted/associated with any firm orventure.COMPANIES UNDER THE SAME MANAGEMENT U/S.370 (1B) OF THECOMPANIES ACT 1956.There are no listed companies under the same management withinthe meaning of Section 370 (1B) of the Act.