SVP GLOBAL VENTURES LTD
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BSE Code:
505590
NSE Code:
SVPGLOB
Business Profile
Business Profile
Scenario Media (SCENARIO) is engaged in the diversified business activities of hospitality, exporting jewelry, media and back office support. It was incorporated on Feb. 17, 1982 as a private limited company and became a public limited company on Jun. 02, 1982. Earlier known as Shree Dhanop Finance and Consultancy, the company acquired its present name with effect from Dec. 23, 2005.
The export division designs diamond-studded gold jewelry. With a presence across leading jewelry retailers across the USA, it exports jewelry to outlets such as Gem Boutique (Chicago), Mira Couture (Chicago), Etan (Atlanta), Idazzlers (Miami), Elizabeth & Co. (Montana), and others.
An assignment has been taken up to manage a hotel, namely, The Tiger villa, situated at Ranthambore in Rajasthan. Surrounded by the Vindhya and Aravali hill ranges and located very near to the outer fringes of the Thar Desert, this place offers the best of desert land as well as plain area near the hills. The property has been refurbished and is now available as a luxury boutique hotel. It has signed a long-term management agreement with the hotel, which gives fixed revenue for managing the property and a variable component of share in the gross revenue of the hotel.
Two films have been produced by the media entertainment and advertisement designing division, namely, Beti Hui Parayi Re and Krishnaavataar Baba Ramdev Pir, for which the company has entered into agreements. For the film Beti Hui Parayi Re, an agreement was signed with Jai Ganpati Global Distributors for Rs 6.5 million and 20% of profits and for the film Krishnaavataar Baba Ramdev Pir, an agreement with Sohail Films amounting to Rs 14.5 million over a period of five years. This division also provides designer artwork creations and back office support to advertising agencies, business houses and organizations.
The registered office is at 97, Maker Tower F, 9th Floor, Cuffe Parade, Mumbai-400005.
Financials
Scenario Media reported a drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 41.88% to Rs 0.68 million from Rs 1.17 million in the same quarter last year.
Net sales for the quarter rose marginally 60.09% to Rs 5.81 million, while total income for the quarter rose marginally 59.51% to Rs 6.3 million, when compared with the prior year period.
The company posted an earnings per share of Rs 0.09 for the quarter ended September 2008.