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2011-06-24T13:48:00.001-07:00

For your education if you do not already know this ---- See
how Lokpal Bill can curb the politicians , Circulate it to create awareness

Existing System	System Proposed by civil society
No politician or senior officer ever goes to jail despite huge evidencebecause Anti Corruption Branch (ACB) and CBI directly come under the government. Before starting investigation or initiating prosecution in any case, they have to take permission from the same bosses, against whom the case has to be investigated.	Lokpal at centre and Lokayukta at state level will be independent bodies. ACB and CBI will be merged into these bodies. They will have power to initiate investigations and prosecution against any officer or politician without needing anyone⳦nbsp;permission. Investigation should be completed within 1 year and trial to get over in next 1 year. Within two years, the corrupt should go to jail.
No corrupt officer is dismissed from the job because Central Vigilance Commission, which is supposed to dismiss corrupt officers, is only an advisory body. Whenever it advises government to dismiss any senior corrupt officer, its advice is never implemented.	Lokpal and Lokayukta will have complete powers to order dismissal of a corrupt officer.CVC and all departmental vigilance will be merged into Lokpal and state vigilance will be merged into Lokayukta.
No action is taken against corrupt judges because permission is required from the Chief Justice of India to even register an FIR against corrupt judges.	Lokpal & Lokayukta shall have powers to investigate and prosecute any judge without needing anyone⳦nbsp;permission.
Nowhere to go- People expose corruption but no action is taken on their complaints.	Lokpal & Lokayukta will have to enquire into and hear every complaint.
There is so much corruption within CBI and vigilance departments. Their functioning is so secret that it encourages corruption within these agencies.	All investigations in Lokpal & Lokayukta shall be transparent.After completion of investigation, all case records shall be open to public. Complaint against any staff of Lokpal & Lokayukta shall be enquired and punishment announced within two months.
Weak and corrupt people are appointed as headsof anti-corruption agencies.	Politicians will have absolutely no say in selections of Chairperson and members of Lokpal & Lokayukta. Selections will take place through a transparent and public participatory process.
Citizens face harassment in government offices. Sometimes they are forced to pay bribes. One can only complaint to senior officers. No action is taken on complaints because senior officers also get their cut.	Lokpal & Lokayukta will get public grievances resolved in time bound manner, impose a penalty of Rs 250 per day of delay to be deducted from the salary of guilty officer and award that amount as compensation to the aggrieved citizen.
Nothing in law to recover ill gotten wealth. A corrupt person can come out of jail and enjoy that money.	Losscaused to the government due to corruption will be recovered from all accused.
Small punishment for corruption- Punishment for corruption is minimum 6 months and maximum 7 years.	Enhanced punishment - The punishment would be minimum 5 years and maximum of life imprisonment.

Spread it likefire;
our Nation needs us..please Contribute..
This is not just a forward, it is the future
of our Nation

-- A. P. J Abdul Kalam - Without your involvement you can't succeed. With your involvement you can't fail.

-- Ratan Tata - I don't take Right Decisions, I take Decisions and make them Right.

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VISHAL MINDA

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Re: delhistockclub Dev Credit Bank-The stock should quote at Rs 200 in a year from now

2010-10-05T09:26:00.000-07:00

greeeat report thanks

FEEL FREE TO CONTACT :

VISHAL MINDA

9968703568

--- On Tue, 5/10/10, Maverick <rajivhanda@yahoo.com> wrote:

From: Maverick <rajivhanda@yahoo.com>
Subject: delhistockclub Dev Credit Bank-The stock should quote at Rs 200 in a year from now
To: "Rajat Sharma" <rajatsharma@rathi.com>
Cc: "Advanced Traders" <advanced_traders@yahoogroups.com>, "Ashish Kila" <perfectresearch@googlegroups.com>, "Ashwin Sinha" <ashwin.sinha@cdequi.com>, "Balu Bhai" <balubhai@gmail.com>, "Bhagirath Verma" <verma.bhagirath@yahoo.in>, buzzing@buzzingstock.net, "Davinder Singh" <dsdua1980@yahoo.com>, "Dilip Chouhan" <sendmymails@gmail.com>, "DSC" <delhistockclub@yahoogroups.co.in>, "Economic Revolution" <theeconomicrevolution@yahoo.com>, "Girish Narang" <girishnarang@hotmail.com>, "Hemang Shah" <k_hemangin@yahoo.co.in>, "Indian Traders" <indian-traders@yahoogroups.com>, "Indian Bulls" <indian_bulls_market-owner@yahoogroups.com>, "intradaytips13 Moderator" <intradaytips13-owner@yahoogroups.com>, "intradaytipsmukesh Moderator" <intradaytipsmukesh-owner@yahoogroups.com>, "inveSTARS" <investars@gmail.com>, "Investment Growth" <investmentgrowth@yahoogroups.com>, "Investwise" <investwise@yahoogroups.co.in>, "Kamal Visaria" <visaria@visaria.com>, "manoj bagadia" <manoj_bagadia@yahoo.com>, "Market Mantra" <marketmantra@yahoogroups.com>, "MarwahFinancial moderator" <marwahfinancial-owner@yahoogroups.com>, "MID CAPIDEAS" <midcapideas@gmail.com>, "MILLIND MADHANI" <millindmadhani@gmail.com>, "mindpowerideas Moderator" <mindpowerideas-owner@yahoogroups.com>, "mutualfundindia" <mutualfundindia@yahoo.co.in>, powerplayindia-owner@yahoogroups.com, "Raghavendra Bhat" <rraghavendrabhat@gmail.com>, "Rajat Sharma" <rajatsharma@rathi.com>, "rajes G" <rajes555@yahoo.com>, "Ravinder Singh Bisht" <equityguruk7@gmail.com>, "sensexnifty23 Moderator" <sensexnifty23-owner@yahoogroups.com>, sharesubs-india@yahoogroups.com, "shrikant karwa" <shrikant_phaltan@yahoo.com>, "Shubham Mukherjee" <shubham.mukherjee@timesgroup.com>, "Stock Guru" <stkguru@gmail.com>, "Stockeditor" <stockeditor@gmail.com>, "sunil pal" <sunil.pal@cdequi.com>, "Traders Orbit" <tradersorbit@yahoo.com>, "VIJAY BHASIN" <vbhasin2001@gmail.com>, "Vivek Jhawar" <jhawarvivek1@yahoo.com>, "Market Buzz" <marketbuzz.in@gmail.com>, "Milind Madhani" <millindmadhani@yahoo.co.in>, "Plethora" <plethora-research-reports@googlegroups.com>, "Rajiv Handa" <rhapositive@gmail.com>, "sanjeev kapoor" <kapoorsanjeev@yahoo.com>
Date: Tuesday, 5 October, 2010, 9:48 AM

Development Credit Bank-Seriously, Under-Valued?This stock should be worth Rs 200 per share in a year from now.
The industrial big-wigs have been making a bee-line to the RBI offices in search of a Banking licence. Such is the perceived value of a licence that Hire Purchase/Lease Finance companies like Shriram Transport, Sundaram Finance, Mannapuram, Moongipa and Bajaj Auto Finance have seen a run-up in their stocks just on the belief that they will get a Banking licence.
On the flip side we have DCB-at Rs 6400 crore in deposits-a private sector bank right in front of our eyes which is worth just Rs 1200 crore at today's market price. The Bank has got 80 CBS branches and runs a market cap of Rs 1200 crore, while Kotak with 250 branches carries a market cap of Rs 37000 crore, and IndusInd with 250 branches carries a market cap of Rs 13000 crore.
A. If this yardstick is used for DCB-the bank should be worth at least 4160 crore or nearly three times today's CMP of Rs 61.
B.What stands in-between market outperformance for DCB? The basics-first...
Emerging Private Sector bank with a balance sheet size of
approximately Rs. 6400 crores.
Network of 80 state-of-the-art branches, with access to more
than 18,000* ATMs spread across the states of Maharashtra, Gujarat, Andhra
Pradesh, Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Rajasthan,
Union Territories of Daman & Diu and Dadra & Nagar Haveli.
Dedicated staff of over 1800.
The recently launched Initial Public Offering enjoyed a
phenomenal success, being oversubscribed 35 times
C. Can the management team effect a turnaround? Already on the way...
Mr. Murali M. Natrajan – Managing Director & Chief
Executive Officer (CEO)

Prior to joining DCB, Mr. Natrajan served as the Global Head
for SME banking in Standard Chartered Bank. He was responsible for providing
strategic context and business development capabilities to drive a distinctive
and consistent business model across 27 markets in Asia, Africa and the Middle
East. Mr. Natrajan joined Standard Chartered Bank, India to head the Mortgage
& Auto Business. In November 2004, he was promoted as Head of Consumer
Banking for India & Nepal overseeing business that include Mortgages, Wealth
Management, Branches, ATMs, Credit Cards, Personal Loans and SME.

A Fellow Member of the Institute of Chartered Accountants of India, Mr
Natrajan started his career with American Express TRS in India where he worked
for 5 years in Business Planning, Finance and Operations. In 1989, he joined
Citibank where he spent 14 years in various disciplines such as Operations,
Credit, Finance, Product Management and Business Management of Consumer Banking.
Prior to joining Standard Chartered Bank in October 2002, he had successful
stints as Cards Business Director in Citibank India, Hong Kong and
Indonesia.

Mr. Anoop Prabhakar – Head – Corporate Banking

Mr. Prabhakar is an M Sc (Physics) from Delhi University and
comes with 32 years of in-depth banking experience in Corporate & Retail
Banking, Business Process Re-engineering, Stressed Assets Recovery and
International Banking which also includes an international assignment of 3 years
in the UK. In his last role, he was working as General Manager – Local Head
Office (Chennai) at State Bank of India and was responsible for management of an
extensive network of branches across Tamil Nadu and Pondicherry.

Mr. Bharat Sampat – Chief Financial Officer (CFO)

Chartered Accountant and Cost Accountant alongwith a Post Graduate Degree in
Law, Mr. Sampat has over 24 years of experience in senior
positions with reputed organizations such as ABN Amro Bank, ANZ Grindlays Bank,
Standard Chartered Bank, Hoechst India and Larsen & Toubro. He has worked in
diverse industries such as manufacturing, banking, finance and shared services
with oversight for financial accounting, financial control and reporting, and
management accounting both in India and abroad.

Mr. Praveen Kutty – Head – Retail & SME Banking

Mr. Kutty brings with him around 16 years of banking
experience. He has worked with Citibank's Indian and international operations
where he successfully managed multiple consumer banking businesses including
Credit Cards, Personal Loans, Home Loans, Branch Banking and Wealth Management.
As Area Director for Bangalore for Consumer Banking, he was instrumental in
scaling up the remote banking Suvidha experiment into a highly profitable
customer proposition. Prior to joining DCB, he was the Area Director for
Citibank's NRI Business in North America. Mr. Kutty holds a B.Com and an MBA
degree.

Mr. R. Venkattesh – Head – Operations, Technology &
HR

Mr. Venkattesh holds a B.Com. degree and is an MBA in
Personnel Management. Prior to joining the Bank, he was with Standard Chartered
Bank as Head, Human Resources - Countries. He has over 18 years of experience in
the areas of Human Resource Management and Mergers and Acquisitions.

Mr. Rajesh Verma – Head – Treasury

Mr. Verma comes with 29 years of experience within Banking
& Investment Banking in State Bank of India. His rich experience spans
across the various functions of Treasury, Credit, Loan Syndications, Project
Finance, Investment Banking, General Administrations and IT Project Management
in India and UK. In his last role, he was working as a Deputy General Manager,
Global Market Department for SBI in Mumbai.

Mr. Ravi Kumar - Chief Internal Auditor

Mr. Ravi has over 15 years of rich experience in a career
that spans national as well as international roles. Prior to DCB, he spent seven
years with the Samba Financial Group (previously Citibank) and four year with
Ernst & Young at Riyadh. In his last role, he was Chief Financial Officer
with Samba Financial Group, Qatar. Ravi is a Chartered accountant and a
Certified Information Systems Auditor as well. He has managed and led several
audits across various functions and domains. He brings with him an in-depth
understanding of the banking domain and its nuances. In this role he is focused
on strengthening the audit function in the Bank and taking it to the next level.
D. Who owns the Bank?
DCB made a Preferential
Allotment of Rs.280 crores at a price of Rs.105 per share to a group of pedigree
investors, namely:

Al Bateen Investment Company, LLP, Abu Dhabi, UAE
Tata Capital Limited, Mumbai, India
Tata Investment Corporation Limited, Mumbai, India
DCB Investments Limited, Mauritius
GRA Finance Corporation Limited, Mauritius (Lehman Brothers)
India Capital Opportunities 1 Limited, Mauritius (Mark Faber).
Pursuant to this capital raising, DCB's Share Capital has increased to Rs.
174 crores and the Net Worth now stands at Rs.575 crores as opposed to the
regulatory minimum of Rs.300 crores.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice.

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delhistockclub Zylog Systems-BUY with a target of Rs 780

2010-10-05T00:20:00.000-07:00

Zylog Systems: Exuding Promise

Zylog Systems, incorporated in '97, is a Chennai-based diversified IT solutions provider. The stock has shown good movement in past one year owing to good results and business fundamentals. Its topline is expected to double in FY11E owing to a expanding client base due to a big ticket acquisition (Brainhunter, a Canadian company).

The company has also diversified into eGovernance and rural WiFi businesses, and is profitable in both, notwithstanding the rising competition. Major growth has come from IT solutions, the core business of the company. In Q1FY11, its revenue more than doubled sequentially, majorly due to Brainhunter, a Canadian IT services company that Zylog acquired in FY10. Significant cash reserve and having net-debt on its books enables Zylog to become risk taking and look for more acquisitions.

The company has 65%-35% distribution of workforce on onsite: offshore locations, thus differentiating itself from other Indian IT services companies, which have more resources at offshore. One reason of this is that Zylog is more focused on staffing and application building projects, and has less maintenance projects.

• Revenue in FY10 have been `9,799.4 mn, from `7,510.4 mn in FY09. Revenue in Q1FY11 has been `4,633.9 mn, up 118% from Q4FY10 revenue of `2,118.4 mn. We believe FY11E revenue can clock a growth of ~100% from FY10 levels, and rise to `18,778 mn.

• EBITDA margin has improved from 9.7% in FY09 to 15.6% in FY10, but Net Margin has reduced from 11.1% to 10.5%, due to higher tax rate (12.5% to 21.2%).

• EPS has improved from `50.88 in FY09 to `62.30 in FY10. Our analysis shows that EPS can further grow to ~`92 in FY11E and ~`121.66 in FY12E.

• The company has cash reserve of `2,835.5 million. Considering the debt of `2,000 million on books, net cash is `835.5 million, thus making Zylog a zero net-debt company.

We value Zylog stock at 8.5x its FY11E EPS of `92 to arrive at March-11 target price of `782, signifying a potential upside of 44%.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

Nothing in this article is, or should be construed as, investment advice.

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