HOW TO OPEN DEMAT ACCOUNT

Opening a demat account

Step 1: To open a demat account, you have to approach a depository participant (DP), an agent of depository, and fill up an account opening form. The list of DPs is available in the websites of depositories: CDSL (Central Depository Services (India) Ltd and NSDL (National Securities Depository Ltd).

Step 2: Along with the account opening form, you must enclose photocopies of some documents for proof of identity and proof of address.

Step 3: You will have to sign an agreement with DP in the depository prescribed standard format, which gives details of rights and duties of investor and DP. You are entitled to receive a copy of the agreement and schedule of charges for future reference.

Step 4: The DP will then open an account and give you the demat account number. This is also called beneficial owner identification number (BO ID). All your purchases / investments in securities will be credited to this account. If you sell your securities, your demat account will be debited.

You can have multiple demat accounts if you so wish. You can choose your DP as per your convenience and there is no compulsion to open DP account with your stock broker.

Points to remember

Update your bank account details (bank account number, IFSC code) and postal address etc of your demat account as and when there is a change, as you will receive direct credit of refunds, dividends, interest & redemption payment and corporate correspondences like annual reports notice of AGMs etc. as per the details mentioned in your demat account.

Demat account charges

Investors are required to pay the charges towards:

• Dematerialisation and rematerialisation of your securities
• Annual account maintenance
• Transactions fees (only for sell transactions)
• The charges of DPs are available in comparable structure on the websites of the depositories.

Things to note

• The DP may revise the charges by giving 30 days notice in advance.
• If demat account is closed in between of the year, annual maintenance charges shall be levied proportionately for each quarter.
• There is no minimum number of shares that have to be kept in the demat account.
• No charge is applicable for closure of DP account.
• No charge for transfer of holdings from one DP to another DP, if investor is not satisfied with the services of your existing DP.

Nomination

Nomination smoothens the process of transmission of your securities to your heirs, upon demise. For physical shares, you have to avail nomination separately for each company in which you hold shares / debentures. Whereas, by availing nomination for your demat account, all your investments in that account is covered under that nomination.

How to demat your shares?

To demat your physical certificates, you should approach the DP and submit the following documents:

• Dematerialization Request Form (DRF)
• Physical certificates by marking “Surrendered for Dematerialization”
• Separate DRF has to be filled for each ISIN.

Process of dematerialisation:

• Surrender your physical certificates to your DP for dematerialisation.
• The DP intimates your request to the depository through the system.
• The DP submits the certificates to the registrar and share transfer agent (RSTA) of the company.
• In case of any objection or in case of additional documents (if any), the RSTA informs you directly. RSTA confirms the dematerialisation request from depository.
• After dematerialising the certificates, RSTA updates the accounts and informs depository regarding completion of dematerialisation.
• Depository updates its accounts and informs the DP.
• The DP then updates your demat account by crediting the shares.
• Before approaching your DP for demating your shares, you can check the list of shares and debentures that can be dematerialised from the websites of CDSL and NSDL.

To convert physical certificates into demat mode, the name in the share certificate should match with the name of the demat account holder.

In case of joint holding, the name should be in the same order both in the physical certificate as well as in the demat account. However, you can request to change the order of the names of the joint holders in the share certificate by submitting a Transposition cum Demat Form.

Example: You may have a demat account in the sequence of, ‘A’ & ‘B’, whereas the share certificate may be in the sequence of ‘B’ & ‘A’. In this case, you can lodge the security certificates for dematerialisation in the same account by filling Transposition cum Demat Form to effect change in the order of names and to dematerialise the securities as well.

Depository websites have a list of shares in demat form. Investor cannot demat the shares of vanishing companies or shares of the companies which are not in list of depositories.

ISIN number

What is ISIN number?

ISIN (International Securities Identification Number) is a unique 12 digit alpha-numeric identification number allotted to each security. (E.g.- INE383C01018). Fully paid-up equity shares, partly paid-up shares, equity with differential voting / dividend rights issued by the same issuer will have different ISINs.

How to find ISIN number?

The details of ISIN number of securities are available in the website of National Securities Depository Ltd and Central Depository Services (India) Ltd.

Power of attorney (PoA)

• You have the option to authorise any person to operate your DP account by executing a power of attorney (PoA) and submitting it to the DP. PoA enables the authorised person to operate the account on your behalf.
• You have the option to grant PoA in favour of your broker and / or DP to operate your account, i.e. to buy or sell shares on your behalf, debit or credit your bank account and DP account. However, you are required to carefully read and understand all the clauses of the PoA before signing it.
• PoA is an optional facility and executing it is not mandatory. No stock broker or DP can deny services to you if you refuse to execute it. You can revoke PoA at any time.

Other features of demat account

Consolidation: If you hold various folios of a particular company and want to consolidate them into single folio, you can forward the physical certificates along with the letter signed by you to the RSTA of the company.

Account freezing: You can freeze your account, specific security or specific number of securities for any given period of time.

Account types: Similar to the bank account, you can open demat account in single / joint names / multiple accounts. If you are opening an account for the minor, guardian should be appointed for operating the account.

However, you cannot open demat account in “either or survivor” basis. You cannot change name or add or delete the account holder’s names. In such instances, you have to open new demat account with the desired names.

Source: Securities and Exchange Board of India

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MACD CROSSED ABOVE SIGNAL

MACD CROSSED BELOW SIGNAL

Technical View: Nifty forms a solid bull candle; use dips to buy on Friday

Bulls made a strong comeback and any weakness in Friday’s session could be used as a buying opportunity. However, a break below its 50-DEMA could turn towards bears, suggest experts.

The bulls remained in control of D-Street from the word go. The index which started with a gap on the higher side went on reclaiming 10,200 with gains of nearly 100 points. The Nifty index made a solid bullish candle after three consecutive bearish candles.

Bulls made a strong comeback and any weakness in Friday’s session could be used as a buying opportunity. However, a break below its 50-DEMA could turn towards bears, suggest experts.

We mentioned in our yesterday’s column that a bounce back is on cards given the fact the Nifty is trading near its crucial support area around 10,000. The rally could well extend towards 10,300 before taking a breather.

The Nifty opened at 10,152 and slipped marginally to hit its intraday low of 10,139. But, then bulls took control and pushed the index above 10,200 to hit an intraday high of 10,232. The index closed 96 points higher at 10,214.

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“Bulls made a strong come back as Nifty50 registered a solid bull candle from the oversold levels witnessed in last trading session. This kind of pull back after 5 days of fall was pretty much on the cards and hence this should not be construed as resumption of uptrend with immediate effect as multiple technical parameters are slowly deteriorating on higher time frame charts,”

Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.

“Nevertheless, this pullback attempt shall last a couple of trading sessions more as some of the key momentum oscillators on lower time frame charts are in buy mode. Hence, this leg of upmove shall ideally get extended up to 10335 levels,” he said.

But, if Nifty50 succeeds in getting past 10411 in the next couple of trading sessions then the hopes of new highs can arise. “As of now, it will be prudent on the part of traders to ride this rally only up to 10300 plus kind of levels. Hence, any dip in the early hours of next trading session owing to profit booking shall be considered as buying opportunity,” said Mohammad.

On the options front, maximum Put OI was seen at strike process 10,200 followed by 10,000 while maximum Call OI was seen at 10,500 followed by 10,400 strikes.

Fresh Put writing was seen at all the strikes from 10200 to 10000 while Call unwinding is seen in all the immediate strike as index managed to arrest its decline and witnessed a sharp recovery from lower levels.

India VIX fell down by 5.63 percent at 13.46 and decline in volatility towards the weekend suggests bulls are back in the market.

“The Nifty index opened positive and witnessed sustain buying interest till the end of session towards 10220 zones. It negated its formation of lower highs – lower lows and gave a reversal after seven trading sessions,” Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal Securities told Moneycontrol.

“If formed a Bullish candle which suggests a short term bottom process after the weakness of last couple of sessions. Now, if it manages to hold above 10178 then it may head towards 10250 then 10300 while on the downside supports are seen at 10120 then 10080 levels,” he said
.

MULTIBAGGER INDIAN STOCKS 1

Mindteck (India) Ltd: Debt Free MNC Company

(NSE Code: MINDTECK, BSE Code: 517344) (CMP: Rs.83)

ABOUT THE COMPANY

Mindteck (India) Ltd. is a Bengaluru based IT company headed by Mr Yusuf Lanewala who has vast experience of over 35 years in the IT industry.

 ABOUT BUSINESS

The company is mainly into Product Engineering and IT services. Product Engineering refers to the process of designing and developing a device/assembly or system while in IT Services the company offers services such as Cloud Computing, App Management & Support, Data Analytics, Business Intelligence, Enterprise Information Portals for back-end, Mobility, SAP Services & Software Testing, All their IT Services including Data Bank have a 24/7 Helpdesk.

 Mindteck has four state-of-the-art global delivery centers in the US, India and Singapore and sixteen offices worldwide. The Company is publicly listed on the Bombay Stock Exchange, India. Recently company was appraised with version 1.3 of CMMI Dev level 5

 SERVICES

Mindteck India is a bangalore based IT co. having their presence in embedded sytems too. So there is a small coverage of hardware sector too.

The co. has been exposed to following sectors:

·                     BFSI

·                     Life sciences

·                     Energy

·                     Semiconductor

·                     Public sector

Now coming to the IT Services, Stuff like cloud computing have huge prospects and have already been covered in all leading business dailies, There is something specific with MindTeck which should not be missed. The company since 1999 has experience of working with US Govt. and State Govts helping them implement some key policies and projects in the field of health, education, constituency policies and public safety etc. in states of Pennsylvania, Texas, Michigan, Massachusetts, Oregon, Columbia, Wisconsin, California, West Virginia, New York, New Hampshire & Florida.

 SMART CITY SOLUTIONS

This company is an interesting play in IT especially with an eye on E-Governance & Smart Cities, As MODI's plan of 100 new smart cities & e-governance require more IT Services, These small company like Mindteck  do tend to gain a lot from it.

 SMART PARKING

•       Mindteck provides three different types of smart parking solutions - ZigBee Sensor-based, Ultrasonic senor-based and Wi-Fi camera-based catering to street side parking, indoor parking and multi-level parking.
•       Their recently unveiled Car Parking Occupancy Detection and Management solution uses field mounted Wi-Fi-based cameras, and is a robust, reliable and cost-effective end-to-end solution. The solution comprises Wi-Fi-based outdoor HD cameras, Wi-Fi routers and Wi-Fi range extenders to provide the required Wi-Fi coverage and high-end server infrastructure.

SMART UTILITIES

SMART METERING

SMART HEALTHCARE SOLUTIONS

Mindteck recently collaborated on receiving FDA approval on a patient monitoring innovation for a medical device manufacturer based in Europe. They developed the complete software for their portable telemedicine remote diagnostic equipment. The device, primarily will be used to monitor different vital signs of human body and transmit all medical data in real time to the doctor's remote destination.

SMART GOVERNANCE

Mindteck, in tandem with two other consortium partners, is working on implementing statewide implementation of eNagarpalika in India. This will provide the urban development department with powerful data analytical capabilities for organized information management and enhanced citizen participation.

The project will enable the delivery of government services integrated with various Zila Parishads under one platform. It will benefit citizens by enabling easy access to services, such as birth and death certificates, building approval permissions, property tax and other government-related documents and services. This also has the capability to provide advanced analytics.

SMART LIGHTING

In 2010, they developed an Intelligent Lighting Solution for a UK-based utility company that has announced record reductions in energy consumption and CO2 emissions. Mindteck developed the complete hardware and software for the system. Prior to installation of energy efficient lanterns, the street lighting was consuming around 50m kWh of energy a year. This will be successfully reduced to 34m kWh this year.

TRIGGERS

• Has presence in all the emerging smart technologies

• Book Value 70.17

• Price/Book only 1.18 of a MNC company is very attractive

• Virtually Debt Free Company

• Promotors hold 63.69% stake in the company while 22% is cornered by Institutional Investors, HNI's

• Regular Dividend Paying Company

• A debt free MNC Company available at 1.18 price / book, and has presence in all the emerging areas where maximum growth will take place in coming times

• Big Beneficiary of the mission of Smart Cities by Govt. Of India

FINANCIAL SNAPSHOT

After digging deep into its holding company etc. It has come to our radar as we are analysing  the business and not the stock (Remember Mr Buffet saying "If a business does well, the stock eventually follows"

 Mindteck (India) has equity capital of just Rs.25.38 crore supported by reserves of around Rs.152.84 crore. It is a Debt free company. The stock is currently trading around Rs 83 with a market cap of about 210 crores.

The promoters hold 63.69% of the equity capital, First Asian investments hold about 5.47% stake in the company from another stake holder Banco Efisa S A hold around  3.16% stake.

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Corporate Profile Company Overview Sound fundamentals, outstanding export performance, strong presence in the domestic market and a focused management team has seen Meghmani Organics Limited grow at a compounded annual growth rate (CAGR) of 17% and profits 10% over the past 3 years The Rs 6000 million Rupees Meghmani Organics Limited is: One of the largest producers of pigment blue in the world One of the leading producers of pigment green One of the largest producers of pesticides in India More than 80% of our pigment products and over 50% of our pesticides products are exported the world over. We have four multifunctional production facilities in Gujarat (India) of which three are ISO 9001-2000. Our production facilities are strategically located with high accessibility and close proximity to source of raw material. The landmarks in our journey 1986: Began operations to produce Phthalocynine Green 7, popularly known as Pigment Green 7 at Vatva Plant. 1995: Diversified into manufacture of Agrochemicals at Chharodi Plant. 1996: Expansion of pigments business. Panoli Plant was established to manufacture CPC Blue. CPC Blue is a key raw material used for the manufacture of our Pigment Blue (15) and Pigment Green (7) Products. 2003: Ankleshwar Plant was acquired to expand our range of Agrochemical Products. Competitive Strengths Experienced and Qualified Management Team and Technical Personnel They have a proven management team led by founders who have over 100 years of collective experience in the pigments and pesticides industry.  The production operations at each of the plants are managed by a team of skilled technical engineers with the requisite technical know-how to carry out the production processes. It is through their consistent research and development efforts in improving the production processes that they have developed an extensive range of products suitable for use in a multitude of applications. Their technical staff is highly qualified and trained, and many have had working experience with MNCs and other reputed large Indian companies. They have a workforce of over 900 employees. It is the expertise and dedication of the people that provide us the leverage to respond quickly to changing market trends and demands in the pigments and agrochemicals industry. Diversified Customer Base The Pigments customers are mainly MNCs from a wide range of industries such as printing inks, plastics, paints, textiles and leather, paper and rubber. We have more than 200 Pigment products customers from various countries in North America, Europe, Central and Latin America, and Asia-Pacific. They have more than 90 Agrochemical customers, which include leading pesticides manufacturers from countries in North America, Europe, Latin America and Asia, as well as end users in the domestic Indian market. They have a distribution network of 20 overseas distributors catering to our international markets for our Pigments and Agrochemical products, and a chain of over 1,000 stockists, agents, distributors and dealers covering the domestic market in India. Cost Advantage Vertical integration of production processes yields some upstream products that are used as raw materials for our pigment and agrochemical products. This allows for effective management of costs and ensures regular supply of raw material of the desired quality. Multi functional design of our agrochemical production facilities provides flexibility to meet changing demand requirements. Strategic location of our production facilities at close proximity to sources of raw materials lowers procurement costs. Collectively, these features provide a distinct cost advantage to the Company. Established brand names  Company's brands, “Megastar', 'Megacyper' (Pesticide Formulations) and 'Meghafast' (Pigments) are recognized names among consumers in India, Europe, USA and Latin America. We have more than 36 brands of various pesticides formulations which cater to the needs of Indian farmers. Locations Production Facilities Pigment Plants Vatva, 14 km from Ahmedabad city, Gujarat State, Western India Panoli, 200 km south of Ahmedabad city, Gujarat State, Western India Agrochemical Plants Chharodi, 40 km Ahmedabad city, Gujarat State, Western India Ankleshwar, near Panoli, Gujarat State, Western India