Omax further info

Omax is certainly an excellent script and a target of 200 is very uch achievable. But the best price to buy now is sub-100 and anything in the range of 92-98 is a good price to accumulate.

One more point to add (and a reply to jayram ji's concern) - Omax is now striving to become a OEM supplier and has got good orders from delphi (approx. 200 crs for a period of 3 years). Further getting orders from other overseas buyer - thereby reducing its reliance on Hero groups performance. The best thing i like about any company is their ability to identify their weakness/mistakes/risks and an inclination to take steps to rectify it. Omax is certainly taking steps in right
directions and would be a multibagger. The list of its major clients
are:
|------------------+------------------+------------------+------------------|
| Hero Honda | Denso | Tenneco | Piaggio |
| | | Automotive | |
|------------------+------------------+------------------+------------------|
| Maruti | Lucas TVS | Delphi Automotive| Supersprox |
|------------------+------------------+------------------+------------------|
| TVS Motors | Sundaram Clayton | Cummins | Honeywell |
|------------------+------------------+------------------+------------------|

Further it is planning to reduce the revenue share from hero honda to
60% of sales by this year.

Am bullish on Omax - buy between 92-98 - good hold for a 1 year - a multibagger in a 2-3 year time frame.

Please find share holding pattern of omax on 31 dec 04. March 05 has not been submitted yet...

As on 31-Dec-2004 Category Sub Category No. of Securities Held % Holding

Promoter's Holding Indian Promoters 7268350 35.79
Foreign Promoters 0 0.00
Persons Acting in Concert 2809182 13.83
Sub Total 10077532 49.62
Institutional Investors Mutual Funds and UTI 910762 4.48
Banks, FIs, Insurance Co.s, Central / State Govt. / Non-Govt.
Institutions 53860 0.27
FIIs 2101908 10.35
Sub Total 3066530 15.10
Others Private Corporate Bodies 1562443 7.69
Indian Public 5505532 27.11
NRI / OCBs 97963 0.48
Any Other 0 0.00
Sub Total 7165938 35.28
GRAND TOTAL 20310000 100.00


As on 31-Dec-2004 Category Shareholder Name No. of Securities Held % Holding
Promoter's Holding
Indian Promoters Devashish Mehta 227000 1.12
Jatender Kumar Mehta 1299600 6.4
Ravinder Kumar Mehta 1299600 6.4
S K Mehta - HUF (Karta S K Mehta) 836700 4.12
S M Mehta (HUF) 859950 4.23
Sudesh Mehta 355200 1.75
Swaraj Mehta 465000 2.29
Varun Mehta 330100 1.63
Vivek Mehta 310000 1.53
Sub Total 5983150 29.47
Persons Acting in Concert Forerunner Capital Investments Ltd 2809182 13.83
Sub Total 2809182 13.83
Institutional Investors
Mutual Funds and UTI SBI Mutual Fund - Magnum Equity Fund 450000 2.22
SBI Mutual Fund - Magnum Growth Fund 1999 333262 1.64
Sub Total 783262 3.86
FIIs CLSA Merchant Bankers Ltd A/C Calyon 346000 1.7
GMO Emerging Markets Fund 872010 4.29
Merrill Lynch Capital Markets Espana S.A. SVB 700000 3.45
Sub Total 1918010 9.44
Grand Total 11493604 56.60

Indian public got only 27% of equity........