AJCON GLOBAL SERVICES Share price

The company was incorporated as a Private Limited Companywith the name of AJMERA FINANCIAL & PROJECT CONSULTANTSPRIVATE LIMITED on 19th December 1986 with its RegisteredOffice at 107 Vardhaman Chambers Cawasji Patel StreetFort BOMBAY 400 001. The company was promoted with themajor object of assisting the entrepreneurs in variousprojects and financial field. The company standsrechristened with a view to reflect the diversifiedbusiness focus of the company into Capital market relatedservices as AJCON CAPITAL MARKETS PRIVATE LIMITED witheffect from 3rd May 1994 by passing a special resolutionunder section 21 and further to a public limited companyunder the present name with effect from 16th May 1994 bypassing a special resolution under section 31 of CompaniesAct 1956.The company is awaiting direction from Reserve Bank ofIndia in connection with NBFC classification.The current business activities of the Company are :A. Consultancy in Projects and Loan SyndicationRight since the inception in 1986 the company has beenengaged in project consultancy and loan syndication.Brief details of the technology for the Project relatedactivities are as under:1) Project Identification - At the outset a series ofprojects fulfilling client indicated criteria areidentified and shortlisted jointly with the client forpreparation of detailed project profile bringing outproject specification and critical issues relating to thesuccess of the project;2) Market Research - Market survey of industrial andconsumer products is carried out using tried out marketresearch techniques explaining the survey design to theclient. Before formal commencement of the survey; thedraft report is discussed thoroughly by a professionalgroup before presentation to the client.3) Project Report Presentation - Company''s reports providestructural framework of technical commercial and financialaspects which guides the client in working out his approachfor implementation of the project;4) Loan Syndication/Fund Arrangement - The next importantactivity involved is capital structuring that suits bestboth the promoter and the lenders/investors and laterfollow-up liaisoning co-ordination amongst variousagencies financial institutions/lenders to get thedisbursement authorisation at the earliest.5) Turnkey Projects - In the case of turnkey projects theactivities right from selection of the project till projectcompletion is carried out by the Company.The company has executed numerous assignments for small andmedium size projects with most of them having beenestablished successfully and running satisfactorily.Following is an indicative list of clients representativeof most major industries:Bhukbanvala Diamond Tools P Ltd : Diamond ToolsDetco Textiles P Ltd : Textile (Process house)Dhakad Metals P Ltd : Zinc SulphateIgatpuri Alloys (India) P Ltd : Aluminium alloysJealous Fashionwear P Ltd : Denim garmentsKaygaon Paper Mills Ltd : PaperPadma Rubber Products P Ltd : Rubber ProductsSantogen Exports Ltd : Terry Towels (100% E0U)Sonu Synthetics Ltd : Textile (weaving & spinning)Vera Pharma P Ltd : PharmaceuticalsB: Advisory servicesThe Company is already engaged in this area and hasrendered advisory services in the following fields:-1)Management audit2)Debt/Equity Research3)Legal advisory services4)Capital restructuring5)Resources mobilisation6)Working Capital management7)Capital budgeting8)Tax planning9)Management services and SWOT analysis.Advisory services along with the other activities make it aone window service for various types of requirements of thelong list of clients.C. Stock Broking and Security TradingThe Company is registered with SEBI as a stock broker andhas been from time to time investing surplus funds inshares and securities and plans to continue the same onwhich it expects a handsome return. The investment inshares and securities is based on strong fundamentalanalysis of the company. Brief details of the technologyfor the Investment/Security trading activities are asunder:Firstly few good industries having good potentials aredetermined. Thereafter companies with strong fundamentalsare selected and then the timing of purchase and sale ofsecurities is ascertained in order to get the maximumreturn on investment in the shortest span of time. This isevident from the fact that the market value of securitiesas on 31.08.1994 was Rs.4398415 as against the cost ofacquisition of Rs. 2585066 as shown in the Balance Sheetof the company reflecting a rise of more than 70%.