GLOBAL CAPITAL MARKETS Share price

The Company was originally incorporated as a PrivateLimited Company on 20.02.1989 as Baid & Company PrivateLimited under the Companies Act 1956. The Company became aPublic Limited Company by passing a special resolution on04.03.93 in terms of Section 44 of the Companies Act 1956and received fresh Certificate of Incorporation on13.06.1994. The name of the Company was changed to GlobalCapital Markets Limited and fresh Certificate ofIncorporation consequent to change of name was received on28.06.1994.B. MAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in theMemorandum & Articles of Association of the Companyinter-alia are as follows :1. To carry on any business of buyers sellers supplierstraders merchants importers exporters indentorsbrokers agents assemblers packers stockistdistributors and dealers of and in hardware & stores spare& accessories commercial natural and man-made fibrestextiles of all kinds all types of yarn jute and juteproducts chemicals building materials vehicle partsautomobile parts machine parts industrial componentsplastics and electronic parts & devices bullion preciousstone works of art antique curious jewellery andornaments and in all kinds of machinery and accessories.2. To carry acquire by purchase lease exchange hire orotherwise estates lands hereditaments buildingsworkshops office accommodations factories easementsforests orchards gardens farms or other interests inreal estate & to sell let lease sub-lease or otherwisedispose of and to grant rights over any real propertybelonging to the Company. To construct let out furnishand carry on all or any of the functions of proprietors offlats massionettes dewelling houses shops affairsclubs and for these purposes prepare building sites and toconstruct reconstruct repair pull down alter improvedecorate furnish and maintain flats massionettesdewelling houses shops offices buildings works andsanitary conveniences of all kinds and to set apart landfor pleasure gardens and recreations ground or otherwiseimprove the land or any part thereof.3. To construct thereon buildings flats rooms houses andto manage or let the same or any part thereof for anyperiod whether belonging to the Company or not and at suchrent and on such terms and conditions as the Company shallthink fit proper and convenient and to collect rents andincome drainage water and electric charges and chargesfor the supply to tenants and occupiers and others lightheat and drainage and charges for the refreshmentsattendents messengers and for equipping waiting-roomsreading rooms meeting rooms providing thereon lavatoriesbathhouses laundry conveniences to install electricconveniences garages recreation facilities and otheramenities from time to time as and when the Companyshall consider desirable or to arrange suchmanagement letting and advantages as aforesaid byemploying any persons firms or company to carry outand furnish the same on such terms as the Companymay think fit proper and expedient.The Directors of the Company have passed a resolution inthe Board Meeting held on 13.04.90 to carry out theactivities as authorised by its other objects enumeratedbelow:Clause III(C)(14)To carry on the business of Investment Company and toinvest in and acquire and hold and otherwise deal inshares stocks debentures bonds obligations andsecurities issued or guaranteed by any Company constitutedor carrying on business in India or elsewhere anddebentures stocks bonds obligations and securitiesissued or guaranteed by any Government State dominionsovereign ruler public-body or authority municipallocal or otherwise whether in India or elsewhere.Clause III(C)(15)Subject to the provision of the Act and direction issued byRBI to carry on any business of financiers of industrialcommercial and other enterprises and general financiersbusiness of leasing film financiers trustees real estateowners landlords real estate agents buildersunderwriters merchant bankers guarantors hire-purchasedealers investors promoters and brokers and dealers ofand in share stock debentures securities bondsobligations claims licenses and charges land buildinghouses easements negotiable instruments decreesconcerns warehouses property and rights of all kindsagricultural land farms gardens lates showroom officeresidential units ships and godowns business of insuranceagents trust company safe deposit company and such otherbusiness and acts required in connection therewith and toreceive on deposit or borrow and raise money provided thatthe Company shall not carry on the business of Banking asdefined under the Banking Act 1949.C. PRESENT BUSINESS OF THE COMPANYPresently the Company is engaged in the business ofinvestment in shares & securities leasing and short termloans.1. LeasingLeasing industry is gaining acceptance as an alternativesource of financing of plant & machinery etc. In view ofthe government policy of liberalisation and its recentdecision of extending MODVAT benefit to the capital goodstaken on lease the demand of leasing is expected toincrease substantially. The Company took up this activityin the year 1993-94. It is providing lease finance mainlyfor high value equipments vehicles and plant & machineryto its clients. Its gross outstanding leased assets as on31-03-94 stood at Rs. 22.59 Lacs.2. Investment in Shares & SecuritiesThe Company is carrying on the business of investment inshares & securities for last five years. The investmentactivities of the Company have borne fruitful results andthe Company has earned Rs.11.48 Lacs for the year ended31st March 1994 on an investment of Rs.58.41 Lacs. Thecompany plans its buying and selling decisions with thehelp of a team of qualified professionals on the basis offundamental and technical analysis of the companies atperiodic intervals. Also the company makes purchases andsales on behalf of its clients. Income from Capital MarketOperations was 32% of the total income for the year ended31 03-94.3. Other Financial ServicesThe other sources of income are from advisory servicesinterest on short-term loans given by the Company. TheCompany advises clients on stock market related activities.SUBSIDIARY OF THE COMPANYThe Company has no subsidiary at present.