mutual funds:3%....many funds are invested
floating juss 15%
target 130-150
SREI International Finance is engaged in the leasing and hire purchase of construction equipment, commercial vehicles and automobiles in India. The company is also authorised to purchase foreign currency notes and travellers' cheques. The company also acts as a category-I merchant banker. The merchant banking division of the company offers various services like corporate advisory services, project counselling, preparation of project reports and appraisal, underwriting and issue management, etc. The company extended its operations by venturing into mutual funds, corporate stock broking, housing finance and other related areas. SREI has Rs 2,500 crore assets under management. Of this, 80% is in the finance of infrastructure projects, equipment hire purchase and leasing. The company also has an equipment bank, from where contractors can hire equipment. Apart from infrastructure financing, SREI is also involved in infrastructure advisory services, which is growing. It also participates in the equity of projects. Of late, SREI also entered funding renewable energy projects like wind and solar energy. It advances micro-credit, through NGOs, for setting up solar energy units in rural areas, with funding of between Rs 10,000-Rs 20,000. The company has an ongoing micro-credit funding in West Bengal and Karnataka. The company is also planning fund water management and solid waste management projects. The company expects growth rate of between 30-40% on the back of the need for infrastructure like airports, roads and sea ports which is growing rapidly in India. A lot more infrastructure projects are getting off the ground. For the quarter ended 30 June 2005, the company posted a net profit of Rs 10.94 crore (Rs 3.59 crore). Net sales also increased 34.75% to Rs 38.59 crore (Rs 28.64 crore.
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