The 5-year analysis of IO System Ltd's performance infers:
We analysed the performance of IO System Ltd share prices over the last 10 years. Here is what we found out:
IO System was incorporated on May 25, 1987. The company has been engaged in the business of office automation products procured from leading sources across the world and is now restructuring activities. The company was earlier known as Spice Systems and it got its present name with effect from May 25, 2007.
The company is part of B.K. Modiâ€™s Spice group, which includes Spice Global; Spice Televentures consisting of Hot Spot Retails, Hot Spot Distribution, Cellebrum Tech, Mobisoc,
The company is part of B.K. Modiâ€™s Spice group, which includes Spice Global; Spice Televentures consisting of Hot Spot Retails, Hot Spot Distribution, Cellebrum Tech, Mobisoc, Spice Mobiles, Omnia BPO, and Bharat BPO; Spice Entertainment with Bougainvillea Entertainment (Multiplex), Spice Restaurants, Nik Travels, Ace Airways, and Buddha Film; Spice Finance consisting of 21st Century Capital; Spice Technology including First Choice Enterprises; and Spice Foundation with GM Modi Hospital, Poorna Holistic, Ekal Vidyalaya DMA Schools, Artwala and Spice Sangam.
Spice Systems has been recognized as a leader in providing State of the Art products in Office Automation from leading sources in the world. The prices and margins of most of the products have dropped substantially. This has resulted in major players reducing their focus on this product line and shifting to other product lines. This has happened due to the easy and cheap availability of products from countries like China, Taiwan and Korea etc.etc. With such low market size, it was not viable to continue with this business, hence it was decided by the Management to hive off this business.
Business areas of the company:
The company generate its income from the sale of laminators, shredders and comb binding systems, service revenue, and related supplies. The company has disposed off its manufacturing facilities and is looking at a new line of business.