Scripscan:Samtel Color Ltd
cmp:4
Code:500372
Story:Samtel Color Limited, together with its subsidiaries, engages in the manufacture and sale of color picture tubes and related components to television manufacturers in India and internationally. It offers color television picture tubes ranging from 14 to 29 inches; and electron guns and deflection yokes for color picture tubes. The company was incorporated in 1986 and is based in New Delhi, India.People are scared of seeing electronics-electronics; I mean is this industry going to suffer technology obsolescence.Everything has its own time and I would also say the country will experience a television boom, we are way below Chinese penetration, and company is getting into avionics.There is a lot of positive traction in this company but thats just not getting reflected in the numbers.The company is saddled with massive debts and huge losses.Samtel was a bluechip of yesteryears and its a pity to see the company in its present state.I have got very high regards for its owner Mr Satish Kaura.A great guy with amazing brains.I hope he does a masterstroke and rewrite a scripture for the company.At 4rs its a hold.
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