Replies to Post #2085132 onBB's Stock Haven

Replies to #2085132 on BB's Stock Haven

01/02/11 9:42 PM

#2085134 RE: AugustaFriends #2085132

IGC – Research / DD & Charts - Portfolio 2011 -- Presented By SeanB

About IGC –
India Globalization Capital, Inc.
Bethesda, MD 20814
United States - Map
Phone: 301-983-0998
Website: http://www.indiaglobalcap.com

Share Structure Float to approx 14.5mm

Business Summary
India Globalization Capital, Inc., through its subsidiaries, operates as an integrated infrastructure company in India and China. It engages in the execution of civil construction, structural engineering projects, and trading primarily in the Indian states of Kerala, Karnataka, Assam, and Tamil Nadu. The company primarily involves in highway and heavy construction, mining and quarrying, and construction and maintenance of high temperature plants, including cement and steel plants. It also offers infrastructure materials, such as rock aggregate, bricks, concrete, and other building materials, as well as provides logistical support for the transportation of infrastructure materials. In addition, the company involves in exporting iron ore to China. Its customers include various Indian government organizations and steel mills in China. The company is headquartered in Bethesda, Maryland.

Company Profile
India Globalization Capital, Inc. (NYSE AMEX: IGC), an infrastructure and materials company based in India, provides materials to the fast growing infrastructure industry in China and India. The Company was incorporated in 2005 and is based in Bethesda, Maryland with offices in Mauritius, Nagpur, Cochin, Delhi and Bangalore.

IGC offers strategic high demand services including:
1) operations and supply of rock aggregate
2) the export of iron ore to China.
3) civil construction of roads and highways
4) the construction and maintenance of high temperature cement and steel plants, IGC’s present and past clients include various Indian government organizations and steel mills in China.

As of September 30, 2010, including subsidiaries, IGC has approximately 150 employees and contractors worldwide. The Company is focused on building out rock aggregate quarries, expanding relations and export hubs for the export of iron ore to China, and winning construction contracts.

IGC has three core competencies:
• Mining and Quarrying
• Export of iron ore to China
• Highway and Heavy Construction

IGC’s subsidiaries include IGC-India Mining & Trading, Private Limited (IGC-IMT) a company located in Chennai engaged in the export of iron ore to China, IGC Materials Private Limited. (IGC-MPL) a company located in Nagpur that operates rock quarries and provides construction material to the industry, Techni Bharathi Limited ("TBL"), a construction company located in Kerala, IGC Logistics, Private Limited (IGC-LPL) a company that provides supply side logistics.

IGC’s goals are to grow organically as well as acquire and grow operating infrastructure businesses located in India.

IGC’s subsidiaries include

Techni Bharathi Limited (TBL):
• IGC owns 77% of TBL
• Engages in national infrastructure development in India: roads, tunnels, canals, etc.
• Incorporated in 1982; located in Kerala, India
• Impressive list of clientele includes: National Highway Authority of India and Indian Railroad

IGC-India Mining & Trading, Private Limited (IGC-IMT):
• IGC owns 100% of IMT
• Exports iron ore to China from India
• Operate 2 shipping hubs - Krishnapatnam port (east coast of India) and Goa port (west coast of India)
• Operate an ore grinder in Goa - crush 10mm ore into fine ore, value add service
• Operate using back to back Letters of Credit
• Incorporated in 2009; located in Chennai, India

IGC-Logistics, Private Limited (IGC-LPL):
• IGC owns 100% of LPL
• Engages in logistics, transport and delivery of ore, cement, aggregate and other material
• Incorporated in 2009; located in Nagpur, India

IGC-Materials, Private Limited (IGC-MPL):
• IGC owns 100% of MPL
• Engages in mining, quarrying, and trading of rock aggregate for the infrastructure industry
• Services and sources numerous quarries throughout India, buys and sell rock aggregate for infrastructure industries
• Supply cement, brick and construction materials through agency agreements
• Rock aggregate is used for road construction, power plants, railroads and dams
• Incorporated in 2009; located in Nagpur, India

Share Structure
a/s 13.9mm o/s 13.65mm float-11.92 However, they just had a sale of common that was priced at .60 (could have been the reason for profit taking in the .70's today) for 2.5mm shares. Brings float to approx 14.5mm

Total Assets (SEPT 30TH) 36.8MM
Total Liabilities 10.5MM

link: http://finance.yahoo.com/news/India-Globalization-Capital-iw-1634063814.html?x=0&.v=1

850k warrants w/ .90 strike price on or before 2017....

Company Updates
In recent months, IGC has announced contracts with Chinese steel mills to provide over $200 million of iron ore over the next five years.

link: http://www.indiaglobalcap.com/igc120310.pdf

THIS WILL BE THE CATALYST (IMHO)

"We are seeing strong demand for both aggregate and iron ore with over $200M in orders over the next five years. However, we remain hampered in servicing most of these contracts by the continued closure of ports in western India. The Indian Government closed mines and ports in the west coast of India starting in July 2010, in an attempt to crack down on illegal mining. The closure coincided with the monsoons in India. The general expectation is that the issue will be resolved and the ports will reopen no later than January. While the lack of access has created a great deal of stress on the industry and on IGC, to the extent that it is successful in curbing illegal mining and illegal export, it is very positive

Link: http://www.indiaglobalcap.com/igc112210.pdf

Mr. Mukunda concluded, "We have a great opportunity ahead of us. We have been constrained in the past couple of quarters but have not stopped building the infrastructure for a very successful business model that leverages the economic engines of both India and now China. We believe that with additional capital we can go a long way in the coming year to unlock value in the near future by enabling us to better capitalize on the opportunity before us."

IGC Annotated charts by Captain_America http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58231427

IGC weekly annotated chart by Read_this_N0w
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58327684