Goldiam International Share price

The Company was incorporated under the Companies Act 1956 as aPrivate Ltd. Company on 10.10.1986 under the name of Goldiam(International) Pvt. Ltd. and subsequently the name waschanged to Goldiam lnteriiational Pvt.Ltd. The companybecame a deemed Public Ltd. company under section 43 A of theCompanies Act with effect from 30.06.1991 It was laterconverted into a Public Limited Company vide the shareholdersspecial resolution dated 24.08.1994 and the revised Certificateof Incorporation issued by the Registrar of CompaniesMaharashtra dated 20.09.1994 and changed its name to GoldiamInternational Ltd.MAIN OBJECTS OF THE COMPANYThe main objects of the company as set out in its Memorandam ofAssociation are as under :1. To carry on the business of buyingsellingsawingcutting polishing manufacturing preparing for marketmanipulating importing exporting trading and dealing inpearls gems diamonds industrial diamonds and all kinds ofprecious and semi precious stones as also all kinds of diamondpowdersdiamond pastes and all kinds of jewellery and ornamentsof goldsilverplatinum and including omaments containing orhaving diamonds and all precious and semi precious stones.2. To carry on the business of buying selling polishingmanufacturing importing exporting as jewellery gold andsilversmiths dealers in china curiosities articles ofvertucoins medals bullion and precious stones and asmanufacturers of and dealers in gold silver and other preciousmetals and gold an-d silver plate plated articles watchesclocks chronoc.eters.and optical and scientific instrumentsand appliances.PRESENT BUSINESS OF THE COMPANYThe company is engaged in the twin business of export of cut &polished diamonds and the export of plain and studded goldjewellery. After setting up the diamond cutting and polishingsection the company set up the jewellery manufacturing facilityincorporating the latest state of the art technology. Thecompany today is one of the first companies which has the entirecut & polished diamond studded gold jewellery manufacturingfacilities under one roof thus achieving complete forwardintegration. The Company''s unflinching commitment to quality isindicated by in the fact that it has been winning the awards foroutstanding export performance for the last three consecutiveyears i.e. 1991 1992 & 1993.In view of the vast unsatiated demand for jewellery the companyhas embarked upon an expansion programme last year to increaseannual capacity of jewellery section from the present 75000units to 400000 units. SUBSIDIARY(IES) IF ANYThe company does not have any subsidiary.n