DHOOT INDUSTRIAL FINANCE Share price

DHOOT INDUSTRIAL FINANCE LIMITED is a company originally incorporated as a private limited company in the name of Sampoorria Traders Private Limited on 27th October 1978 and was converted into a Public Limited Company on 27th May 1994. Recently on 23rd September 1994 the name of the company has been changed to its present name.The Company is presently engaged in trading of industrial Chemicals like Caustic Soda Lye Caustic Soda Flakes Sulphuric Acid Hydrochloric Acid Poly Aluminum Chloride Chlorine Sodium Sulphate Oleum etc. The Company is Authorised Dealer of reputed Companies like Century Rayon Grasim Industries Limited National Rayon Corporation Limited and Dharamsi Morarji Chemical Company Limited. In last five years the Company has established its business of Chemicals. Various reputed parties like MIDC Zuari Agro Chemicals Limited BASF India Limited Dharamsi Morarji Chemical Company Limited Deepak Fertilisers & Chemicals Limited Searle India Limited Zenith Limited National Peroxide Limited Industrial Oxygen Limited Orient Paper Mills Ltd. Sirpur Paper Mills Ltd. etc. are the regular customer of the companyDuring the year 1993-94 the company has registered a turnover of Rs. 82126 Lakhs with a net profit of Rs.15.62 Lakhs as against the turnover of Rs 649.68 Lakhs and the net profit of Rs.6.76 lakhs in the previous year and turnover of Rs.200.56 with a net profit of Rs 0.99 Lakhs in the year 1989-90 As may be seen the company has been posting better performance every year.Looking at the present economic scenario and realising the possibility of the company''s potential of growing into a leading finance company in course of time the company plans to enter rapidly emerging financial services business where the company will be engaged in both fund- based and non fund-based financial activities. The company will mainly provide the following type of services to its valued clients.1. Leasing and Hire Purchase Business2 Bill Discounting and Inter Corporate Deposits3 Project Investment and Corporate CounselingMAIN OBJECTS OF THE COMPANYThe main objects of the company to be pursued by it on its incorporation as set out in the Memorandum are as under:1. To carry on business in India or elsewhere as buyers sellers importers exporters merchants suppliers dealers in and of all kinds and classes of fine or heavy chemicals alkalis acids drugs pharmaceutical paper board pulp tea cement and allied products cotton yarn thread and cloth linen flax jute and other fibres silk artificial silk woolen and other goods and fabrics whether textile frebbled netted or looped machinery spare parts accessories and equipment of all kinds dyes soaps glycerine and textile specialities of every description; disinfectants cleansing materials of every description toilet requisites all kinds of packing requisites.2. To act as agents and brokers for sellers buyers exporters. importers merchants tradesmen insurers and others and generally to undertake and carry out agency work and commission business.Under section 17 of the Act the company has altered its Memorandum by substituting respectively Sub-Clause No 57 58 59 and 66 in place of earlier said Sub-Clauses under Clause No. III-(C) i.e OTHER OBJECTS and by adding Sub-Clause No. 89 90 and 91 to the said Clause. The substituted and the new Clauses added are reproduced hereunder.57. To carry on and undertake the business of Leasing and Hire purchase financing in all types of Movable and Immovable Industrial and Commercial Properties including Plant and Machinery Land and Buildings Vehicles Ships Aircrafts Patents Trademarks Inventions Office Equipments and to lease sub-lease and deal with them including sale and resale thereof. To arrange or syndicate leasing hire purchase business.58. To carry on and undertake the business of all types of Bill Dis counting re-discounting Factoring of any company firm. Sole Trader Individual with or without Securities to such person/ party and on such terms and conditions as may be expedient and also act as broker manager factor for activities pertaining to bills discounting; and a discount and acceptance house to arrange acceptance or co-acceptance of bills to hold place keep receive or otherwise Inter Corporate Deposits with/from various Companies and also to act as broker manager for activities pertaining to Inter Corporate Deposits and Loans.59. To carry on the business as a Stock Broker and to undertake the business of trading in all forms of securities stocks shares debentures country funds yield bonds.66. To carry on and undertake the business of Foreign Exchange Transactions as agent broker manager dealer and to engage in cross border trading as permitted by applicable awe in India and other countries from time to time; also to engage in the business of forward contracts in financial futures currency futures commodity fitness options swap options and all other financial derivatives/mechanisms.89. To carry on and undertake and promote industrial financing by way of venture capital loans advances deposits or lend money securities and properties to or with any company body corporate firm person or association whether falling under same management or otherwise with or without security and on such terms and conditions as may be determined from time to time and to deal.90. To act as broker manager agent in all kinds (whether Indian or Foreign) of Financial Instruments Securities like Commercial Paper Bills of Exchange Promissory note Bonds Euro Commercial Paper Euro Issues Global Depository Receipts Foreign Currency Convertible Bonds Bonds with warrants Revolving underwriting facility.91. To carry on and undertake the business of underwriting sub- under writing and act as commission agents brokers sub- brokers for all securities in primary secondary markets and to act as agents managers for rendering portfolio management services and also as investment advisor to carry on and undertake the business of Merchant Banking Issue House Registrars and Share/Debenture Transfer Agents and to carry out all activities as may be permitted to Merchant Bankers by Securities and Exchange Board of India and by any other authorities as the case may be.