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Company Links |
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Major Stock Holders
(Prior To
Offering) |
Name |
Class A |
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F. Jacob Cherian |
22.80% |
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Kishore Mirchandani |
22.80% |
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Lawrence Burstein |
8.40% |
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Suhel Kanuga |
22.80% |
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Major Stock Holders
(After Offering) |
Name |
Common Stock |
Class A |
Class B |
Class C |
Class L |
ADS |
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F. Jacob Cherian |
0% |
4.60% |
0% |
0% |
0% |
0% |
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Kishore Mirchandani |
0% |
4.60% |
0% |
0% |
0% |
0% |
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Lawrence Burstein |
0% |
1.70% |
0% |
0% |
0% |
0% |
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Suhel Kanuga |
0% |
4.60% |
0% |
0% |
0% |
0% |
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Business Environment |
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India’s continually rising literacy rate, together with increasing income levels and media focus, has heightened public awareness of health care issues. A joint study conducted by McKinsey & Co. and the Confederation of Indian Industry shows estimated healthcare spending that is expected to double over the next ten years, with the majority of such increase expected to be in private healthcare. Noting that with costs of quality healthcare in India averaged 80% to 90% less than western societies, this study projected that the total Indian healthcare market could rise from $22.2 billion in 2005 to $69 billion by 2012. Additionally, healthcare tourism is increasing by an average of 30% each year, such that today, one out of ten patients in Indian hospitals is from outside of India. This study concluded that India has the potential to attract over one million health tourists a year, contributing approximately $5 billion to the Indian economy. The Indian government is also contributing to the growing healthcare industry by providing incentives to create and upgrade infrastructure, as well as reduce operational costs.
A.T. Kearney Inc. estimated India’s total retail market in 2004 at $202.6 billion, with an anticipated compounded growth rate of 30% over the next five years. Retail business activities are expected to grow at a rate of 25% per year by 2010. Supporting sectors such as real estate are similarly growing. Global real estate consulting group, Knight Frank LLP, ranked India fifth in the list of 30 emerging retail markets and has predicted an impressive 20% growth rate for the retail real estate segment by 2010. Business travel and domestic and foreign tourism are also dramatically increasing and, by 2014, are expected to generate approximately $90.4 billion of total demand and nearly 28 million jobs, according to published research performed by the World Travel and Tourism Council.
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Company Strategy |
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A blank check company organized under the laws of the State of Delaware on March 15, 2006 for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar transaction with one or more businesses that have operations primarily in India. |
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Product/Services Portfolio |
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The Company is not presently engaged in, and it will not engage in, any substantive commercial business for an indefinite period of time following the offering. The Company intends to utilize cash derived from the proceeds of the offering, and from the sale of private placement and founders’ warrants immediately prior to the consummation of the offering, as well as its existing cash, its capital stock, debt or a combination of these in effecting a business combination.
Although the Company’s focus in identifying a prospective target business will be within the financial services, healthcare, infrastructure/industrial growth, and consumer, retail and hospitality sectors, its efforts in identifying a prospective target business will not be limited to a particular industry and the Company may ultimately acquire a business in any industry it deems appropriate.
To date, the Company has not selected any target business on which to concentrate its search for a business combination and none of its officers, directors, promoters or affiliates has had any contract or discussions with representatives of any other company regarding a potential merger, capital stock exchange, asset acquisition or other similar business combination with the Company.
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Investment Analysis |
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The Company does not currently have any specific merger, capital stock exchange, asset acquisition or other business combination under consideration and has not had any discussions, formal or otherwise, with respect to such a transaction.
The Company intends to use cash derived from the proceeds of the offering and the sale in its private placement offering of units and founders’ warrants, its capital stock, debt or a combination of cash, capital stock and debt, in effecting a business combination.
The Company has neither engaged in any operations nor generated any revenues.
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Income Data (Thousand $ Except EPS) |
| Year |
Revenues |
Costs |
Oper Income |
Taxes |
Net Income |
EPS |
| 2006
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0.00 |
5,500 |
0.00 |
0.00 |
-5,500 |
0.00 |
| *As of period March, 15 - 31, 2006
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Balance Sheet Data
(Thousand $) |
Year |
Cash |
Acct Recv. |
Inventory |
Total Cur Assets |
Total Cur Liability |
PPE |
Total Assets |
LT Debt |
SH Equity |
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2006 |
25,002 |
0.00 |
0.00 |
25,002 |
226,466 |
0.00 |
245,966 |
0.00 |
19,500 |
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*As of period ended March 31, 2006
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| Cash
Flow Summary
(Thousand $) |
Year |
Net Cash-Ops |
Net Cash-Inv |
Net Cash-Fin |
Net Change |
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2006 |
-2,996 |
0.00 |
27,998 |
25,002 |
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*As of period March, 15 - 31, 2006
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- Value Gap 
- Short-Term Growth
- Long-Term Growth 
- Long-Term Value 