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Stock Screener for Indian stocks from Google Finance

Prabhu TL June 26, 2013

There are many websites and online tools for technical analysis of Indian stocks. But when it comes to Fundalmental analysis of stocks using Stock screeners, there aren't much available. There is some good news for Investors who want to analyze Indian stocks using fundamental ratios and stock screener.

Google Finance now provides excellent stock screener for online analysis of Indian stocks. Investors can now filter stocks using the stock screener, based on the criteria like Market cap, P/E ratio, Dividend yields etc.

Also, there are more options to choose from and one can filter stocks using different criteria available like -Financial ratios, Operating metrics, Growth rates and Margins.

You can try the Google Finance stock screener here: Google Finance

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Why RBI Did Not Cut Interest Rates?

Prabhu TL June 18, 2013

The common man too was waiting for this day as India’s central bank RBI was supposed to come up with its mid-quarter review of the monetary policy for the June quarter. (Q1).

What he wanted from the RBI governor was a reduction in Policy Rates and ReserveRatios so that his EMIs (Equated Monthly Instalment) on home and other loans would have slashed.

Unfortunately, RBI governor did not reduce the Policy Rates or Reserve Ratios.

The main policy rate is the Repo Rate- the rate at which RBI lends to commercial banks. Commercial banks often borrow money from the reserve bank and when this rate is lowered commercial banks can reduce their lending rates. The RBI governor kept this rate unaltered at 7.25 %.

The other ratio which was expected to be reduced was the CRR or Cash Reserve Ratio- the percentage of total deposits that commercial banks are supposed to park with the reserve bank.

As, no interest is payable on CRR, commercial banks expect this obligation to be minimum.

When CRR is reduced, a significant amount of the deposit gets unlocked and the same can be used for lending. When there is a scarcity of lendable capital, interest rates tend to soar and the vice-versa. The CRR too stands unaltered at 4%.

So, when the Repo Rate and CRR are high, in order to reduce lending rates banks need to reduce deposit rates i.e. the reduction in the interest payable on time deposits like FDs, RDs etc.

Then why banks are not reducing the deposit rates?

This move is not possible as investors are not readily depositing money in banks and instead investing in gold and real estate where they have seen a significant appreciation in the past several years.

If deposit rates are reduced then investors shall be withdrawing money from banks to invest in other asset classes where returns are higher.

Presently, CPI (Consumer Price Index) based inflation is 9.3 % while the maximum interest rate on bank deposits is in the range of 8.75 %-9 %, and therefore the Real Interest Rate (the difference between payable Interest rate on an instrument and the prevailing inflation rate) is -.3 %.

This means investors are not making money from bank deposits but they are in fact losing a little fraction of it.

If banks shall reduce the deposit rates then this RIR shall fall further and investors shall be withdrawing more money from the already liquidity-starved banks to aggravate the liquidity.

Why RBI did not slash rates?

(1) As CPI inflation is much above the RBI’s comfort zone of under 6%, RBI hesitated to cut the rates. By reducing rates money supply in the economy increases and inflation shoots up.

(2) Other problem was posed by the weaker rupee. Had RBI reduced the policy rates, bond prices would have shot up reducing the bond yield. A reduction in the bond yield makes foreign investors sell Indian bonds and take their dollar funds back. And this departure of the dollar would have further weakened the rupee.

(3) Weaker currency increases the CAD (Current AccountDeficit) and India’s is already having a high Trade Deficit too and these higher deficits often drive rating agencies to downgrade the credit rating. A lower credit rating means newer foreign debt at higher interest rates and higher interest outlay increases the CAD further leading the Indian economy into a negative spiral.

RBI took the right decision and desisted from cutting rates. Higher deficits are due to India’s faltered and populist fiscal policy and this is why RBI adopts a hawkish monetary policy to protect the economy.

Indian Economy

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Start a Biolubricant Making Business

Prabhu TL June 14, 2013

Biolubricants are products which, when used, have a lower impact on the environment. Biolubricants have a lower impact on aquatic and soil life and cause less health risks. Preferably, they are mainly derived from renewable raw materials, such as rapeseed oil. Their technical performance must at least equal that of conventional lubricants.

In order to meet the technical performance requirements of diverse applications, lubricants contain various components. The source and nature of the base oil and additives do not only influence technical performance, but also the environmental performance of the lubricant. Detailed criteria such as biodegradability, persistence and bioaccumulation, (aquatic) toxicity and other environmental and health hazards, and the extent to which the lubricants are based on renewable materials, determine whether lubricants may be eligible for ecolabels.

Because of the way in which they are generally used, lubricants often end up in water or soil via loss or leakage loss (see Examples of Oil Pollution). They can be harmful to flora and fauna, especially when they have poor biodegradability. This can affect and diminish the quality of life in and around surface waters. Lubricants used in agriculture or shipping in ecologically sensitive areas are harmful to soil life and aquatic organisms because of the poor biodegradability of mineral oils and the toxicity of certain additives. Ultimately, the quality of drinking water and/or food safety may be at risk.

In the early 1990's, the German working group VDMA 24568 estimated that a maximum of 10% of hydraulic fluids and almost 50% of greases are released into the environment. If these numbers are extrapolated to current figures in Europe, this would come down to ca. 66,000 tonnes of hydraulic fluids and ca. 65,000 tonnes of grease being released into the environment on a yearly basis. Next to engine oil, hydraulic fluids constitute the second largest share of total oil consumption. However, the amount of hydraulic fluids ending up in the environment is equal to the amounts of grease, concrete release agents and chainsaw oil combined. (Krop & Theodori, 2009).

Conventional mineral-based lubricants can pollute surface waters for up to a hundred years. Even small amounts of mineral oil can inhibit the growth of trees. Mineral oil is also toxic to aquatic life forms (even 0.1 ppm of mineral oil reduces the life span of shrimp by as much as 80%).

Biodiversity is better maintained by using non-toxic and readily biodegradable products. The use of renewable materials also reduces a product's carbon dioxide emission. The possible prevention of emissions into the environment by way of maintenance or system adjustments should always be considered.

Usually, the components of lubricants are divided into base oils and additives. Additionally, lubricating greases contain a certain amount of thickening agents. As a rule of thumb, it can be assumed that biodegradability is determined by the base oils and the toxicity is determined by the additives. The environmental properties of thickening agents tend to vary significantly.

Additives are often sold in packages. In most cases, this means that the package consists of a number of substances that all have their own specific functions. Such a package may, for instance, contain corrosion inhibitors, extreme pressure additives, dispersants and an antioxidant.

The base oil, too, may consist of a combination of substances in order to reach the desired viscosity. Base oils are commonly divided into mineral, vegetable and synthetic oils. The drawback for biolubricants is that (in market statistics, for instance) no distinction is made between types of synthetic base oils, i.e. whether they have been manufactured from mineral or vegetable oils.

Either type of oil may have excellentbiodegradation andtoxicity performance, but when it comes to sustainability, in terms of using renewable materials, a synthetic base oil manufactured from vegetable oil will often outperform a synthetic base oil manufactured exclusively from mineral oil. (for more information read Benefits and environmental performance)

An important part of the available lubricants is manufactured on a basis of semi-synthetic derivatives of vegetable oil (mainly rapeseed oil) and animal fat. The semi-synthetic lubricants are esters of an alcohol (often trimethylolpropane (TMP) derived from petrochemicals) and fatty acids (often derived from rapeseed oil).

The distinction between mineral, vegetable and synthetic can also be found in the base oil classification that is being used by the Verband Deutscher Maschinen- und Anlagebau (VDMA) for hydraulic fluids. The VDMA sheets indicate the minimal technical properties for the application of ecological hydraulic fluids (for more information: Technical requirements).

Hydraulic fluids based on triglycerides (HETG) or ‘Pure Plant Oil’ (PPO)
Hydraulic oils based on esters (HEES);
Hydraulic oils based on polyglycols (HEPG).

Hydraulic oils and greases are biolubricants used in open and closed systems. A distinction can be made between loss lubricants and 'lost lubricants'.

Loss lubricants are greases with a lubricating and sealing function and are applied to prevent wear from friction or to prevent contamination by particles such as sand during excavation works (and are, therefore, constantly applied under pressure). The nature of their application makes emission into the environment inevitable. This particularly applies to the use of greases and oils to lubricate (semi-) open systems such as stern tubes and gearboxes, but also to concrete release agents.

The lost lubricants are mainly (hydraulic) oils in equipment and installations such as winches and hoisting mechanism, on machines, vehicles and vessels, that are not only used for lubrication but also for the transfer of force. These lubricants are usually applied in closed systems but can end up in the environment due to leakage of the system caused by wear on an installation or during an accident such as a pipe fracture.
The application of biolubricants is particularly recommended in loss lubrication and in hydraulic systems in or near ecologically sensitive areas such as nature reserves, agricultural areas and coastal and inland waterways. The use in other applications, however, offers important benefits to the environment as well.

Lubricants are used in various ways and for many different applications. Depending on the technical specifications and whether it is used in an open (loss lubrication) or closed system (circulation), it is possible to choose from a wide range of oils and greases. For this reason, different types of lubricants are defined when ecolabel criteria are drawn up.

Regional or national ecolabels (such as The Blue Angel,Swedish Standard and Nordic Swan) are in general developed for the following lubricant types: hydraulic fluids, greases, chainsaw oil and concrete release agents.The European Ecolabel for Lubricants defines the following types of lubricant (after the 2010 revision):

Hydraulic fluids and tractor transmission oils;
Greases and stern tube greases;
Stern tube oils, chainsaw oils, concrete release agents, wire rope oils and other total loss lubricants;
two-stroke oils (for application on land and water);
Industrial and marine gear oils.

Ecolabels are mainly geared towards loss lubricantsor products that may cause damage to the environment as a result of accidents. Biolubricants have a lower impact on the environment because they pose little threat to surface and marine life (and contain fewer health risks); preferably, they consist primarily of renewable raw materials.

Pollution can be limited by using biolubricants. Biolubricants are also safer with regard to occupational health; they cause less skin irritation, have a higher flash point while also retaining the correct viscosity, contain lower levels of volatile organic compounds (VOCs) and have a lower emission of VOCs. The use of biolubricants can have a positive influence on costs such as environmental fines, safety fines, by reducing liability and cleaning costs in the event of spills and accidents.

Using biolubricants based on renewable raw materials decreases the dependence on fossil fuels. The current climate crisis has increased awareness of the influence of the application of lubricants on the use of energy by hydraulic engineering objects and installations. And with good reason, too: it is claimed that applying certain lubricants (regardless of whether they carry an ecolabel) may reduce energy costs by as much as 10% to 25%. However, no ecolabel has introduced any such requirement yet.

However, there are criteria that dictate therenewable raw material content. In the European Ecolabel for lubricants, this requirement is set to 50% for hydraulic fluids, 45% for greases and 70% for loss lubricants. The Blue Angel Ecolabel states that the base oil of greases, which constitutes approximately 80% of the final product, needs to consist of either vegetable or synthetic esters. This limits the amount of fossil raw materials and CO2 that are released into the ecosystem. Concerns about the sustainable production of feedstock for base oils has resulted in the development of certification systems for certain feedstocks. Palm oil can be bought certified by theRSPO Soya oil can be bought certified by the RTRS.

The use of biolubricants can, in addition, save more energy because of a higher viscosity index and improved heat transfer. The advantage of a higher viscosity index is that there is a wider range of products available with lower viscosity classes for certain applications of biolubricants. This is not the case with mineral lubricants. The lower viscosity of biolubricants, combined with its improved heat transfer, will sharply reduce energy consumption.

The influence of the applied lubricant on the energy consumption of installations (and on the greenhouse effect and CO2 emissions) is determined primarily by friction. Eventually, wear of parts and the lubricant's life span can also have an effect. If these effects can be sufficiently and reliably quantified, this could for instance be included in the next revision of the European Ecolabel's criteria by means of Life Cycle Analysis (LCA) studies.

In various European countries and regions, ecolabel institutions have drawn up criteria that lubricants have to meet in order to be allowed to carry an ecolabel. Lubricants can be considered for ecolabels (such as Blue Angel, Swedish Standard or Nordic Swan ) if they meet criteria regarding: biodegradability (biodegradation, persistence andbioaccumulation potential), (aquatic) toxicity,renewable raw material content and other environmental and health risks.

A comparison between ecolabels shows that no two labels are the same. In order to harmonise the various definitions, the European Ecolabel for lubricants was created in 2005. Within the current market supply,two classes of biolubricants may be distinguished. For more information refer to: Placing sustainability requirements on purchasing biolubricants

Waste hydraulic oil and grease should be treated like hazardous waste. This also applies to ecological products. The ecological base oil can still contain additives that are hazardous to the environment. Additionally, through its application the oil may, for instance, have become polluted with metal particles. If waste oil is not properly removed, it may pose a risk to soil and water ecosystems. Therefore, the collection and safe removal must be guaranteed. To ensure this happens properly, all waste oil must be collected by a chemical waste collector.

In European Green Public Procurement documents (on Transport) it is recommended that used oil is collected and processed separately. An additional requirement could be inserted in the clauses of passenger car lease contracts and in the agreements with public transport, refuse collection and other heavy vehicles to the effect that a minimum of 25% rerefined base oil ought to be used on maintenance. To that end, relevant environmental aspects and supposed energy and sustainability gains should be analysed further in a Life Cycle Analysis (LCA). In order to have a system in which re-refined engine oil is used on a large scale, the collection and management of the waste lubricants through authorised waste collection points (e.g. garages, petrol stations, bunker stations etc.) must be guaranteed.

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Start a Poy-Sian Inhaler Manufacturing Business

Prabhu TL June 06, 2013

Start a Poy-Sian Inhaler Manufacturing Business

The Poy-Sian provides valuable services with fatigue, looseness, malaise, nausea, dizziness, unpleasant odors, headaches, mild flu symptoms, nasal congestion, itching, insect bites, or even nicotine withdrawal.

With its manifold effects and potential applications the Poy-Sian faces greatest popularity in Thailand and is also increasingly discovered by "foreigners" and tourists to be their constant companion.

Unscrew the top to inhale, unscrew the bottom to apply to the skin, practically in the format and available in different colors, so that everyone can easily recognizes his own Poy-Sian.

Poy Sian Inhalers can be used for colds, flu, to clear sinus and blocked nasal passages. It’s also used for vertigo or just to inhale.

Poy Sian Inhaler Pocket essential oils

Description:

That's 6 nasal inhalers brand-POY SIAN MARK II from Asian medicine and enhanced with 6 different colors.

Poy Sian Mark II, very helpful in your pocket when you're a cold, you have headaches, migraines, dizziness, or bronchi congested, just inhale it once in each nostril and you feel better, you breathe easier, your airways are emerging.

Easy to carry, this inhaler will be essential during the winter, traveling or camping.

Ingredients:

- Eucalyptus oil 8.5%

- Menthol 42%

- Camphor oil 16.4%

- Borneol 6.1%

Used for:

- Identify the bronchi

- Colds, flu

- Headaches

- Dizziness

- Odors

- Difficulty breathing

- Bronchi congested

- Biting insects and spiders

- Fatigue

- Refreshing

- Olfactory pin is in three parts, so that the liquid, as it stands, you can also heal insect bites.

This mixture has a very pleasant refreshing.

Packing:

New - sealed original packaging - delivered by inhalers pack of 6 ml each of 2 and 6 different colors.

Specifications

Poy-sian Inhaler helps clear nasal congestion. It gives fast, natural relief and helps make it easier to breathe freely.

With its manifold effects and potential applications the Poy-sian Inhaler faces greatest popularity in Thailand and is also increasingly discovered by foreigners and tourists to be their constant companion. Unscrew the top to inhale, unscrew the bottom to apply to the skin, practically in the format and available in different colors, so that everyone can easily recognizes his own Poy-sian Inhaler. The ingredients and the fragrance of all colors are identical.

Indications:

For the relief of mucus congestion from the nasal passages
Relief of nasal congestion from colds, influenza, hay fever and sinusitis
Helps clear a stuffy, blocked or running nose
Makes it easier to breathe freely
Relief of symptoms of colds
Effective for relief of inflammation due to insect bites

Special Features:

Helps clear blocked nose due to colds, flu, hay fever or sinusitis
Helps make it easier to breathe freely
Fast, natural relief anytime
Includes effective essential oils of eucalyptus, peppermint and mentol
Handy personal pocket and purse pack

Direction:

Unscrew the top to inhale, unscrew the bottom to apply to the skin.
Inhale and breathe freely. While holding one nostril closed, inhale medicated vapours through the other nostril.
Use as often as required. Close tightly after use.
The inhaler should be used by one person only.
The use of a single inhaler by more than one person may cause or spread infection.

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Just Dial Shares Lists With a Bang

Prabhu TL June 05, 2013

The shares of Just Dial Ltd managed to list at Rs. 590 on NSE and eventually saw a high of Rs. 631.9.By the time of this post shares were trading at Rs. 622.25.

This stock was issued at Rs. 530 (Rs. 483 for retail share holders after the discount). So, if a retail investor who books profit at Rs. 620 makes a profit of 28.36 % while the annualized return is whopping 2070.6 % (for those who availed the ASBA option.)

Returns are just awesome when we compare the same with what bank FDs are presently offering.
This issue was overall subscribed 11.63 times while in retail category the subscription was 3.53 times.
Risk averse retail investors better be booking profits as shares are overpriced and underlying risks being spooky.
Having booked the profit, value investors should remain firm even if stock soars from current levels, as capital protection is their primary goal and appreciation comes second.

IPO/FPO Listing

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Start a Chikki Making Business

Prabhu TL May 28, 2013

Start a Chikki Making Business

INTRODUCTION
Chikki is a sweet product prepared by mixing various types of nuts and other ingredients
either with jaggery or sugar. These ingredients are mixed with thick syrup made of jaggery
or sugar. The mixture is cooled and then smaller pieces are made and packed. There are
many ingredients which are used like groundnut or cashewnut kernels, sesame seeds, pieces
of dried coconut, dry-fruits and so on. Chikki is popular all over the country amongst all age
groups but school going children and rural areas are the main targets. This product can be
manufactured anywhere on the country, but this note considers the North-Eastern States as
a preferred location, in view of growing market

PRODUCTS
Chikkies can be made from many dry ingredients as explained above. It is a dry and sweet
preparation. It can be made by using costly ingredients like dry fruits but market for such
costly chikkies is limited and demand is only during winter season. But chikkies made from
groundnut kernels, dry coconut and sesame seeds have vast market round the year. This note
deals with such low cost high volume products

TYPES OF CHIKKI

Almond Cashew Nut Chikki Almond Chikki

Cashew Nut Chikki Cashew Nut Crushed Chikki

Cashew Nut –Dry Fruit – Chocolate Crushed

Sesame - Coconut Mix Chikki

Coconut Chikki Rose Chikki

Availability of technology and compliances
DFRL, Mysore has successfully developed the technology. Compliance with the PFA Act is
compulsory.

MARKET POTENTIAL
Chikkies are not much popular in urban areas and are eaten in a very small quantity that
too during winter season. But they are very popular in semi-urban and rural areas especially
amongst school going children. Low priced chikkies packed individually in plastic sheets have
large market. Apart from sale through retailers located near the schools, bus stands, weekly
01markets, cinema halls, taxi stands, rural fairs etc. are the places where they are sold briskly.
Thus, the market is scattered.

Marketing Strategy:
Generally, the market is catered to by the local manufacturers and there are very few
dominant brands. Lonawala on Mumbai-Pune highway is famous for chikkies with more than
100 manufacturers. But on the whole, the market is controlled by the unorganised sector and
retailers play a critical role.

MANUFACTURING PROCESS
The process is very simple. Groundnut kernels are roasted to remove the outer red skin and
they are split in the splitting machine. In case of sesame seeds or dry coconut they are
roasted and small pieces of coconut are made manually. Simultaneously, jaggery is boiled in
water till thick syrup is formed and then filtered to remove unwanted particles. This hot
syrup is mixed with groundnut splits or roasted sesame seeds or pieces of roasted coconut
and then this mixture is poured in trays for drying. After about couple of hours, small square
sized pieces are cut and individual piece is packed in plastic wrappers. The Process Flow -

Roasting of groundnuts, sesame seeds and pieces of coconuts
Preparation of syrup of jaggery
Mixing of ingredients in syrup of jaggery
Cooling and cutting
Packing

Land and Building

A plot of land of about 700 sq.mtrs. with built up area of 400 sq.mtrs. is adequate. The

production area would have two major sections. One would have furnaces (bhattis) and the

second one would accommodate trays for drying. A packing room of about 50 sq.mtrs. and

raw materials storage of 50 sq.mtrs. is sufficient. Finished goods godown can be

accommodated in 40-45 sq.mtrs. Price of land would vary according to location but it is taken

at Rs. 300/- per sq.mtr. whereas average construction cost is considered @ Rs.2, 500/- per

sq.mtr.

Machinery

Keeping in mind the size of the market, it is suggested to have rated capacity of 15 tonnes

per month or 180 tonnes per year with two shift working and 300 working days every year.

Increasing of capacity would not require huge capital investment or time and hence moderate

capacity is suggested. Following equipments shall be required.

Item Qty. Price (Rs)

Oil-fired Furnaces 4 60,000

Stainless Steel Utensils of Different Sizes 10 40,000

Large Capacity Pans 6 20,000

Platform-type Weighing Scale 1 15,000

Electronic Weighing Scale 1 7,000

Drying Trays 25 50,000

Other Miscellaneous Equipments -- 10,000

Total 2,02,000

Miscellaneous Assets

A provision of Rs.50,000/- would be sufficient to take care of other assets like furniture and

fixtures, exhaust fans, electricals, storage facilities, etc.

Utilities

The all important requirement will be furnace oil. It is also possible to use either coal or

wood. Power requirement will be 7.5 HP whereas water requirement per day will be 800-1000

ltrs. Total expenditure on utilities at 100% capacity level will be Rs.2.00 lacs.

Raw Material

The major raw material will be groundnut kernels, sesame seeds, dry coconut and jaggery.

Groundnut chikki is very popular and hence 60% of the total production will be of groundnut

chikkies. Very small quantity of essences shall be required. As regards packing materials,

small sized wrappers, card-board boxes or plastic jars and second-hand corrugated cartons

will be required

Some of the machinery suppliers are as under:

1. Sujata Enterprises, Laxmi Road Pune 400 030

2. Apurva Engg Works, Borivali, Mumbai 400 098

3. Guru Nanak Engg. & Foundry Works, 166,Focal Point, Mehta Road, Amritsar- 143039

Tel No. 2583542-2587943, Fax: 2587944

4. Sadanand Approtech Pvt . Ltd, B-34, Mini Nagar , Dahi sar (E) , Mumbai - 400068

Tel No. 28114536-28104143

5. Sahyog Steel Fabrication, 28, Bhojrajpara, Gondal- 360311. Tel No. 224075

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Specifications