INTEGRATED HITECH Share price

INTEGRATED HITECH LIMITED was incorporated on March 11 1993 asIntegrated Information Services (Madras) Pvt. Ltd. under theCompanies Act 1956 and subsequently converted into a public limited Company on January 4th 1997. On 1st January 1999 the name was changed to INTEGRATED HITECH LIMITED and a fresh certificate of incorporation consequent to the change of name was issued on 12th January 1999 by the Registrar of Companies Tamilnadu vide letter No.24583/S.21/98 dated 12/2/99.PRESENT BUSINESS/ACTIVITIESIHL is an information technology Company involved in IntegratedOperations on software Development Education training and I.T.solution. The Company is concentrating on Hi end segment of information technology Education and training effectively utilising the latest development in the information technology. The Company is carrying on works in development of Hi end value Added Ecom projects for providing total solutions and services by usage of World Wide Web technology.IHL was started in 1993 with a data center at Madras for processing various data by using computer technology. The Company has developed and installed many customised software catering to industries such as hotels Hospitals Education Institutions and for professionals.The Company is currently developing web-based projects for legal insurance bank services. For this purpose the Company has already registered different Project domain names and currently working on 10 projects.The Company is also developing Enterprise Resources PlanningApplication Software HRD Software and Tele Software for mid-range companies. For this purpose an exclusive software development lab is established at Chennai with Hi Speed Server and Multi nodes. The full details of the software development lab is as under -Address 150/116 cisons complex third floor Montieth Road Egmore Chennai 600 008Telephone no. 8514406 8514407Fax No (044) 8586599Nature of ownership/lease rent Rental basis @ Rs. 10000/- per monthDeposit Rs. 75000/-Infrastructure 780 SQ Feet with AC Phone Fax & ComputersSystem Pentium Intel Server with NodesThe owner of the premises of the Software development lab is no way related to the promoters/directors of the Company. Promoters/directors are not personally interested in the transactionThe Company has now extended and developed its branch at HosurTamilnadu with full-fledged software developments and training facilities. The full details of the software development center is as under -Address Kamalam Building Old Bangalore Road Hosur 635 109Telephone no. (04344) 42831 32Fax No (04344) 42834Nature of ownership/lease rent Rental basis @ Rs. 6000/- per monthDeposit Rs. 100000/-Infrastructure 1600 SQ Feet with AC Phone Fax & ComputersSystem Pentium IIIManpower 6The owner of the premises of the branch is no way related to thepromoters/directors of the Company. Promoters/directors are notpersonally interested in the transaction.IHL is also acting as an agent for Dishnet Ltd. 19 Cathedral Garden Road Nungambakkam Chennai - 600 034. The Dishnet Ltd has been granted license by the Department of telecommunication Ministry of communications Government of India for establishing network system for INTERNET SERVICE and the Dishnet Ltd. Is providing INTERNET SERVICES under the brand name namely MINNAMBALAM ETH and DISHNET. The IHL has entered into an Agency agreement dated 27th March 1999 for the same and has started the Internet Service.