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Cranes Software International Limited
Sector:IT IT - Software - Small/Medium
BSE:512093NSE:CRANESSOFTBloomberg:EDC@INReuters:CRAS.BO
Market Lot: 1Face Value: 2ISIN Demat: INE234B01023
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24-Feb-2011
Business Profile
Cranes Software International, co-founded by two entrepreneurs in Jan 1991 in Bangalore as a distributor of anti-virus software, offers a wide range of statistical, data visualization and computer aided engineering software products like SYSTAT, Sigmastat, TableCurve, NISA etc. for the scientific and engineering community. Cranes also does business distribution of third party products like MATLAB and offers consulting services in the areas of engineering and enterprise solutions. The company has its presence in 39 countries with a customer base of 3,50,000 scientists and engineers.

Cranes, declared as the fastest growing technology company for the year 2003-04 by Deloitte`s Technology Fast 500 Asia Pacific, has followed the model - acquire, enhance and market based on own domain expertise in identifying high-potential but undervalued assets and expanding there productivity for financial leverage. Some of its successful acquisitions are SYSTAT software from SPSS Inc., recent acquisition of Engineering Mechanics Research Corporation (EMRC) in 2005. This has also enabled the company expand revenues and PAT at a CAGR of 84% and 93% respectively between FY2000 and FY2005.

The enhanced software portfolio is generating significant cross-sell opportunities to the current users of our products, while the company continues to explore new areas of demand growth globally.

It announced the launch of NISA V 14.0 the latest version of its industry leading FEA package NISA. The company also said it will bring automotive simulation models (ASM)- real-time simulation models for power train and vehicle dynamics for the Indian automobile industry.

Financials
The company disclosed fall of 1,293.78% in consolidated net profit on y-o-y basis to Rs 199.80 million, while total income fell 24.71% y-o-y basis to Rs 639.17 million for the quarter ended December 2010.

Recent Developments
30-NOV-10
BASF SE (Ludwigshafen, Germany) and INEOS Industries Holdings (Lyndhurst, UK) have announced their intention to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution.

30-APR-10
ANG Auto today announced that it has received an order of Rs 333.7 million from L & T MHI ? Boilers.

15-JAN-10
Shares of A N G Auto are trading at Rs 53.70, down Rs 2.1, or 3.76% at the Bombay Stock Exchange (BSE) on Friday at 12:47 p.m.

20-NOV-09
Credit rating agency, CARE has revised the rating assigned to Long-term Bank Facilities aggregating Rs 1,017.6 million of ANG Auto (ANG) from BBB+ to B and has revised the rating assigned to Short-term Bank Facilities aggregating Rs 47.5 million of ANG from PR3 to PR4.

26-NOV-09
Asian Electronics today announced that it would consider and approve proposal of floating 100% subsidiary of the company for the purpose of marketing of LED products.

15-JAN-10
Shares of A N G Auto are trading at Rs 53.70, down Rs 2.1, or 3.76% at the Bombay Stock Exchange (BSE) on Friday at 12:47 p.m.

20-NOV-09
Credit rating agency, CARE has revised the rating assigned to Long-term Bank Facilities aggregating Rs 1,017.6 million of ANG Auto (ANG) from BBB+ to B and has revised the rating assigned to Short-term Bank Facilities aggregating Rs 47.5 million of ANG from PR3 to PR4.

04-NOV-10
Bhartiya International today announced that in view of the business opportunities in the retail business, it is planning to foray into the lifestyle products retail sector.

15-JAN-10
Shares of A N G Auto are trading at Rs 53.70, down Rs 2.1, or 3.76% at the Bombay Stock Exchange (BSE) on Friday at 12:47 p.m.

20-NOV-09
Credit rating agency, CARE has revised the rating assigned to Long-term Bank Facilities aggregating Rs 1,017.6 million of ANG Auto (ANG) from BBB+ to B and has revised the rating assigned to Short-term Bank Facilities aggregating Rs 47.5 million of ANG from PR3 to PR4.

07-JUL-10
Celestial Biolabs today announced that it has started production and marketing of 12 neutraceuticals in the domestic as well as overseas markets.Further it has informed that, the products were developed through its in-house research and development (R&D).

27-APR-10
Celestial Biolabs today announced that it has filed twelve patents for herbal medicines developed through in-house research facility recognized by Department of Science and Industrial Research, New Delhi.

14-DEC-09
Celestial Labs announced that the members at the extra ordinary general meeting (EGM) of the company held on Dec. 14, 2009, has decided to increase the authorized share capital from Rs 140 million to Rs 170 million.

01-OCT-10
Credit rating agency, CRA has assigned LBB+ rating to the Rs 30 miliion term loan and Rs 130 million long term fund based facilities of Gufic Biosciences (Gufic).

27-APR-10
Celestial Biolabs today announced that it has filed twelve patents for herbal medicines developed through in-house research facility recognized by Department of Science and Industrial Research, New Delhi.

14-DEC-09
Celestial Labs announced that the members at the extra ordinary general meeting (EGM) of the company held on Dec. 14, 2009, has decided to increase the authorized share capital from Rs 140 million to Rs 170 million.

05-AUG-10
Dredging Corporation of India, engaged in providing dredging services to the major ports of the country has posted robust growth of 3.99 times in its net profit at Rs 157.6 million for the June 2010 quarter as against Rs 31.6 million for the June 2009 quarter.

07-MAY-10
Dredging Corporation of India (DCI), a government of India undertaking under the ministry of shipping, has signed an agreement with IHC, Dredgers BV, The Netherlands for design, construction and supply of 2 trailer suction hopper dredgers having capacity of 5,500 cu. m each at a total cost of Rs 9 billion.

30-APR-10
Dredging Corporation of India (DCI) signed an agreement with IHC Dredgers BV, Netherlands for design, construction and delivery Of two Trailer Suction Hopper Dredgers of 5500 Cu.M Hopper Capacity each at a total cost of about Rs 9 billion.

07-JAN-10
Swiss Finance Corporation (Mauritius) on Wednesday has sold 1.28% stake in Cranes Software International for an aggregate amount of 44.51 million. It sold 1,500,000 shares of the company at Rs 29.67 a share on the National Stock Exchange (NSE).

07-MAY-10
Dredging Corporation of India (DCI), a government of India undertaking under the ministry of shipping, has signed an agreement with IHC, Dredgers BV, The Netherlands for design, construction and supply of 2 trailer suction hopper dredgers having capacity of 5,500 cu. m each at a total cost of Rs 9 billion.

30-APR-10
Dredging Corporation of India (DCI) signed an agreement with IHC Dredgers BV, Netherlands for design, construction and delivery Of two Trailer Suction Hopper Dredgers of 5500 Cu.M Hopper Capacity each at a total cost of about Rs 9 billion.



Future Plans


In Brief

 
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