SOUTH ASIAN ENTERPRISES LTD
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BSE Code:
526477
NSE Code:
SAENTER
Business Profile
Business Profile
South Asian Enterprises (SAENTER) is engaged in the business of setting up and running amusement parks and has ventured into the real estate and films. It was incorporated on Mar. 21, 1990 and came out with a public issue on Mar. 30, 1994. Earlier known as South Asian Entertainment, it acquired its present name on Feb. 24, 1995. Associate companies include VLS Capital, Gaurav Overseas Exports, Needle Eye Plastic Industries, Pragati Moulders, M. P. Mehrotra (HUF), VLS Finance, VLS Securities, VLS Investments, VLS Asset Management, and VLS Investments Inc. (USA).
The first park was set up in the city of Kanpur under the name and style of Mikky House. Other parks were set up in Lucknow and Ayodhya. In FY08, the company ventured into marketing of earthing products and execution of contracts for earthing and lightning protection systems. It has also ventured into television serials and film production in collaboration with AUM Sportainment. Come December is a recent production.
The registered office is located at Mikky House, K Block, Kidwai Nagar, Kanpur-208011,
Uttar Pradesh.
Financials
South Asian Enterprises disclosed that loss for the quarter ended September 2008 has narrowed. During the quarter, the loss of the company declined to Rs 0.76 million compared with a loss of Rs 1.01 million in the same quarter the previous year.
Net sales for the quarter rose 80.88% to Rs 1.23 million, while total income for the quarter rose 78.26% to Rs 1.23 million, when compared with the prior year period.
The company registered a loss per share of Rs 0.19 for the quarter ended September 2008.
Future Plans
The company is planning to set up shopping malls and multiplexes in the amusement parks.
It is looking towards a tie-up in FY09 with Astha channel for telecast of 52 episodes of its serial titled Shirdi Sat Baba-Sai Bhakton ki Sacchi Kahaniyan.