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Artefact
Projects has sizeable
financial strength. The Company had Market Capitalization of more
than Rs.350 Millions, as on June, 2007. The company enjoys bank
credit facilities exceeding Rs.285 millions.
Since the year 2001, the Company’s Project Services receipts have
grown by more than 708 % from Rs. 25.98 millions in FY – 2000-01
to Rs. 209.82 million in FY 2006-07. The company’s Net Worth is in
excess of Rs. 100.91 Mn as on 31st March 2007. The Company has
Revenue visibility of ongoing Contracts for Fees for project
services which exceed Rs 1.45 Bn, to be executed in next 3 to 4
years. The contracted revenues can easily cover its operating
costs and margins for next 4 years of foreseeable future.
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