Indian Oxygen Limited -India
Manufacturing | Enterprise Applications

Client:
Indian Oxygen Limited is one of the largest manufacturers of Oxygen in India.

Challenge:
Indian Oxygen Limited were dependent on their share transfer registrars for all their share accounting needs. As a result, shareholders complained about delays in the transfer of shares, and about the lack of proper responses from the registrars in related matters. The client asked Comp-Use to develop and implement an in-house share accounting package, which would eliminate these difficulties.

Solution:
The manual records of the company including all relevant registers like transfer registers, duplicate shares registers, consolidated shares registers, cover letters etc. were analysed in regard of their functionalities and reporting requirements.

Technology applied:
Visual Foxpro on MS Windows NT 4.0 Server.

Result:
The processing time for share transfers was cut in half and registrars were provided with a method to track the status of share transfers at any given point in time. As a result, Indian Oxygen Limited improved corporate goodwill and its ability to interpret changes in shareholding patterns, which enabled the company, among others to anticipate and defend take-over attempts.