Bartronics Ltd: Chartically Explosive

Some points needs to be highlighted apart from what is there on their website: http://www.bartronics.com: 

(a). The export receivables aggregate to Rs. 50,214.64 lakhs  or Rs.502.14 Cr as of September 30, 2011. In view of the improvements in the fundamentals of the world economy, the Management is confident of realizing the amounts due from the parties/clients.

(b) The Company was awarded the "Aapke Dwar" Project in 2009 by the Municipal Corporation of Delhi (MCD). The project envisages availment of various Government to Citizen (G2C) services. The Company is required to install and operate 2,000 kiosks at various locations in the city to facilitate the above. The Company has also the right to display advertisements on the external walls of the kiosks. As at the balance sheet date of March 31, 2011 - 300 kiosks have been constructed and for the balance 1,700 kiosks, allotment of clear sites by MCD is awaited. According to my close sources, this is on the final stages. 

(c) The Company has four subsidiary companies viz., Bartronics America  Inc., Bartronics Asia Pte. Limited, ROI Public Relations Private  Limited and Bartronics Middle East FZE and three step down subsidiary  companies viz., Quality-E- People, Inc., Performica Software Private  Limited and Bartronics Hong Kong Limited. 

(d)  Presently the Company offers the following business activities:
 (i) Trading and solutions business using Automatic Identifcation and Data Capture Technologies viz. bar code equipments, access control systems, label materials, printers, verifers and allied products.
 (ii) Solution Business viz. provides high end AIDC solutions to manufacturing industry. Providing solutions in Radio Frequency Identifcation and Data Capture (RFID) Technology.

(iii) Smart Card manufacturing: The Company has smart card manufacturing facility at the Registered Office.

The Company continues to see strong growth traction across existing business and expects the momentum to continue in future also.

Traders should buy the scrip at the CMP of Rs.39.85, T-Rs.47, SL--Rs.37. With the railway budget at arms legth, we cannot stay away from this counter.