Anupam Finserv Share price

The Company was incorporated on 16th May 1991 under thename and style of Vantage Financial Consultancy ServicesPvt. Ltd. with the Registrar of Companies Maharashtra atBombay. The Company''s name was changed to VantageFinancial Services Ltd. and converted into public limitedcompany with effect from 30th October 1992 to reflect thecompany as a full fledged financial services company.Background of the IndustryThe Company is engaged and operating in the financialservices and finance-related activities - an emergingIndustry.Strengths & WeaknessThe Company is already in the line of financial servicesand is a Category IV Merchant Banker registered with SEBI.An the same is awaited. Underwriting is another area whichhas immense income generating potential. Sensing this theCompany has already applied to SEBI for Registration asUnderwriters and the registration is expected shortly.The Company would face competition from established firmsand institutions with large resource base. Moreoverlimited funds availability would be a constraint inexpanding infrastructure which again could affect thegrowth of the organisation. However the company presentlyproposes to utilise its limited sources to cater to variousneeds of its existing clientele and develop the businessover a period of time by prudential re-investment plan.MAIN OBJECTS OF THE COMPANYMain objects of the company as set out in the Memorandum ofAssociation are as under :1) To carry on the business of financiers and to undertakecarry on and execute all kinds of financial and businessoperations (except Banking and Insurance business under TheBanking Regulation Act 1949 and Insurance Act 1938) ascarried on by financing houses shroffs creditcorporation bankers and general financiers.2) To carry on the business of Merchant Banking in all itsaspects to act as Managers to Issue and Offers whether byway of Public Offer or otherwise of shares stocksdebentures bonds units and deposits and to manageportfolio investments and to act as issue house Registrarto Issue and Transfer Agents.3) To set up provide and/or participate in providingventure capital technology funds or any other funds forseed capital risk capital foundation including givingguarantees or such other financial assistance as may beconductive for development of new enterprises innovativemethods of production and development of existing and newtechnology to identify projects project ideas to prepareproject profiles project reports market researchfeasibility studies and reports pre-investment studies andinvestigation of industries on micro and macro level.4) To carry on and undertake the business of equipmentleasing to give on lease or leave and licence basis or inany other manner and carry on all other operationsincidental thereto of all types of equipments property andassets including all kinds of goods articles or thingsincluding vehicles ships travellers vessels aircraftsaeroplanes fly machines office equipments computerssatellites and any other capital equipment and whethermovable or immovable.PRESENT BUSINESS OF THE COMPANYThe Company is non-banking financial company and isgoverned by Non-Banking Financial Companies (Reserve Bank)Directors 1977 issued by the Reserve Bank of India. TheCompany is presently engaged in the business of MerchantBanking and is registered with SEBI as a Category - IVMerchant Banker. The Company has applied for upgradation asCategory - I Merchant Banker with SEBI and theirregistration is awaited.The Company was engaged in the Business of Registrars andShare Transfer Agents before the enactment of SEBI Act.However pending registration of the company as Category IRegistrars and Transfer Agents with SEBI the company hasdiscontinued this activity.The Company has applied to the Securities & Exchange Boardof India (SEBI) for registration as Category I Registrarand Transfer Agent under the Securities & Exchange Board ofIndia (Registrars to an Issue and Share Transfer Agents)Regulations 1993 vide application dated 27th August 1992as revised by Application dated 12th August 1993.Performance of Merchant Banking DivisionThe company has been accredited with the status of CategoryIV Merchant Banker by Securities & Exchange Board of Indiawith effect from 16th March 1993 under SEBI Act 1992 inthe capacity of Category IV Merchant Banker the company isauthorised to act as Advisors and Consultants to Issue.The Company has acted as Advisors to four Public & RightsIssues so far.1. Jhunjunu Investments Limited.2. Suryamukhi Trading & Finance Limited.3. Prism Mills Limited.4. Niyati Leasing Limited.GEOGRAPHICAL PRESENCEThe Company has been operating from Bombay and as a part ofexpansion programme the company has also set up offices inNasik & Aurangabad and has plans to set up offices in allthe important cities of Maharashtra. The Company is in theprocess of recruiting more professionals to look after theexpanding business activities.SUBSIDIARIES:The company does not have any subsidiary.GROUP COMPANYVantage Share Registry Limited