I would like to share a report prepared by me on Indo Count. I have read the AR of last 3 years. Had a talk with the Investor relations officer couple of times and went through the investor presentations and management interviews of last couple of years. I also had a talk with IR to arrange a meeting with the management of the company. She will come back in short time. I have even made some digging in the B2C model of the company. Mgmt is going to float a new subsidiary wherein, Indo count will hold 85% and Mr. Asim Dalal will hold 15% and will be taking care of the marketing activities. Mr. Asim dalal is a good businessmen but has been inquired by SEBI a couple of times for market manipulation and like. His father bhupendra dalal has been convicted by Supreme court in the Harshad mehta scam. Though bhupen dalal's part was very small in the total scam. His brother was also convicted for manipulations in past. But, on business front, these brothers are just fantastic. They hold brands like Food&Inns, The bombay store (recently sold to Radhakrishna damani) and Elephant brand, etc.
My research report contains all these details. Company is in a very good position and has a lot of growth in its pipeline for next 3 years, after which, it will be B2C.
Lets, dig this company further. I am planning to meet the mgmt in couple of weeks time. This is a good story and lets try to concentrate more.