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Secure Earth Technologies Limited
Sector:IT IT - Software - Small/Medium
BSE:11503NSE:NABloomberg:GLOB@INReuters:GLOB.BO
Market Lot: 1Face Value: 10ISIN Demat: INE160B01038
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02-Jun-2008
Business Profile
Synergy Log-in Systems (SYNLOG) provides information technology products and services with a focus on the banking and financial sector. It was incorporated as a private limited company on Jan. 11, 1984, and converted into a public limited company on Feb. 12, 1992. Earlier known as Synergy Log-In Systems, it got its present name on Apr. 20, 2007. The company is part of the Globsyn group, which started as IBM`s Centre for Software Excellence in 1997 and now has diversified interests spanning across information technology, education, ITES, training and infrastructure domains. Globsyn Business School, Globsyn Finishing School and Globsyn Crystals are part of the group.

The ISO 9001:2000 certified company offers products for treasury management such as the integrated treasury management system (ITMS), VARXPRESS risk management system, and MIRROR for account reconciliation; the payment solutions suite with products like GFX TurboSwift and the liquidity assurance management and payments system (LAMPS); and the systems integration product, straight through processing (STP). It has developed solutions in the areas of fixed income, money markets, foreign exchange, custodial services, derivatives, trade finance, and nostro reconciliation.

The company caters to clients such as Hatton National Bank, Punjab National Bank, Gilts Securities Trading Corporation, The Shamrao Vithal Co-operative Bank, First City Bank (Mauritius), Kenya Commercial Bank (Nairobi), Citicorp Finance (India), Maxis, SATYAM, and Canbank Investment Management Services among several others. Synergy Information Technology Inc. USA; Synergy Log-In Systems Sdn. Bhd., Malaysia; Globsyn Technologies Inc., USA; and Sigmasoft, Singapore are subsidiary companies.

The registered office is located at Mittal Court, 102/112, 10th Floor, C Wing, 224, Nariman Point, Mumbai, Maharashtra-400021.


Financials
Synergy Log-In Systems registered a 31.38% growth in net profit to Rs 3.14 million for the quarter ended March 2008 from a profit of Rs 2.39 million for the quarter ended March 2007.
Net sales rose 4.81% to Rs 16.77 million for the quarter ended March 2008 from Rs 16 million for the quarter ended March 2007.
Total income rose 4.68% to Rs 16.77 million for the quarter ended March 2008 from Rs 16.02 million for the quarter ended March 2007.
The earnings per share (EPS) of the company stood at Rs 0.31 for the quarter ended March 2008.

In Brief

 
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