Dont apply as the company is in haeavy debt and the main reason for the issue is to prepay huge loans.Stay away from this issue.Instaed go for idea cellular.
We can trust on the young directors. However, 5 months sales are reflected as debtors, which is too high. Might be the company has to improve upon on the bad debts recovery. But for this, it appears as a very good issue.
Financial Statements suggest that for 30/09/2006, the total income is Rs.2,910 million and Debtors is Rs.1,253 million. In other words, Debtors to Sales Ratio is nearly 43%. Is it sound and comparable with other companies in the same industry?
Employee Mindtree - The company is facing real problems due to bad debts and toher iteration of employees and where all other IT companies are increasing its employee, Mindtree has plan to stablize it or not increase at all. So pleas ething before apply as it cud be result as traind or investor's loss. Also check their B/S, Not gudd.
See the Hindustan Times Delhi Edition on the front page mentioning "INDIAN IT, BPO FIRMS RULE WORLD'S BEST LIST" & in the continuation page -11 you will found the top ten IT company as follows:1.TCS, 2.Cognizant Technology solution, 3.Infosys, 4. HCL, 5.Neoris, 6.Patni, 7.MindTree, 8.Politec,9.Satyam,10. Wipro. So decision is yours. My opinion is to appy. Best of luck
Its a great issue. its Financial statement is excellent and is poised to list at very higher levels. management has history of strong and consistent income and profit growth, which is strong positive factor for the issue.
Backed by CMMi and P-CMM level 5 assessed processes, MindTree is one of only a few companies globally that have been recognized as reaching the highest assessment level in both methodology frameworks. Its showing mindboggling finance growt, so there is no choice but to invest