Allied Computers International (Asia) Ltd - Stock Valuation and Financial Performance

Allied Computers International (ACi) (Asia) was established in India in May 2002 to promote the notebook specialist brand 'ACi'. The company has its headquarters in Mumbai. The registered and corporate office of the company is located at 501-503, Morya Estate, Lokhandwala complex, New Link Road, Andheri West Mumbai. The corporate office houses sophisticated and most advanced sales, marketing and service/repairs facilities. The service facility facilitates service and repairs of any brand of laptops received within Mumbai.

The company has a manufacturing facility at 84, Rashmi Park Bunglow, Waliv Village, Vasai Road, Vasai East, Dist Thane 401202, located very near to Mumbai and the Mumbai Port. Presently the manufacturing capacity is 500-700 units per month. Total area of the factory is 2500 sq ft. The company's notebook assembly-cum-manufacturing EHTP plant was established in Dec 2004 in Gandhinagar, Gujarat as the first of its kind in India. This facility spans over 6000 square feet and facilitates manufacturing/assembly of 6,000 to 7,000 notebooks per month. The company plans to export between 60%-70% of the units production to meet the future plans of capturing the international market.

The company's EHTP unit facilitates the most advanced notebook service equipment to aid servicing all brands of notebooks sold internationally. This facility shall be used to offer the international market for the first time in the world low cost collect and return chip-level notebook motherboard and screen repairs service for all makes and models of notebooks sold throughout the world. This facility shall also be used to supply and service locally to all export orientated corporate in India.

The company has also acquired adjoining unit/s for future expansion of international service facilities and for increasing its manufacturing capacity to around 12,000 to 15,000 units per month. Acquisition of further land is planned for to cater for increased local and export demands generated from the implementation of various marketing strategies to capture the notebook sales and service market both nationally and internationally as detailed in this document.

Business areas of the company:

• Assembly of laptop and notebook computers • Chip level repairs of motherboard, screen, DVD and hardware of all brands of computers • Development of software required in hardware and security

Awards and achievements:

• ACi won the Best Laptops of the year award in 2002

• ACi won the Best Laptops of the year award in 2003

• ACi collected a Gold award (for best Value) and a Silver award (for best performance) in a major group test conducted by Digit in September 2004 involving country's top 43 notebooks

• ACi has been accredited as the Best Notebook Service Provider in the country in Feb 2004 -- which led to exclusive tie-up with underwriters to offer comprehensive annual service packs for all brands of notebooks

• In June 2004, ACi became the first vendor to offer the most comprehensive cover for notebooks of any brand with both warranty and insurance component coupled to form industry's unique service offering

• ACi introduced the first sub-30K notebook in India in April 2004 and triggered an unprecedented boom in the notebook market.

Clients:

• Whirlpool, HP, IndusInd Bank, SBI Life, Radio Mirchi, Axis Bank, Cipla, HDFC Bank, Voltas, etc.