ARYAMAN FINANCIAL SERVICE Share price

Aryaman Financial Services Limited was incorporated on 11th May 1994 in the Registrar of Companies NationalCapital Territory of Delhi and Haryana and obtained theCertificate for Commencement of Business on 16th June1994. The Company is classified as a Loan Company by RBIunder the Non Banking Financial Companies (Reserve Bank ofIndia) Directions 1977.BRIEF NOTE ON THE COMPANY''S PRESENT ACTIVITIESThe Company was incorporated on 11th May. 1994 and receivedthe certificate for commencement of business on 16th June1994. Its actual operations started on 25th July 1994. Inthis short span the Company has carved niche areas foritself and is already known for its professionalised andfast services. The Company''s present activities are:1. The Company is a One Stop Shop Company for Projectrelated Services functioning on a Polyclinic concept. Ithas a team of qualified professionals with experience inFinance Engineering Banking etc. The Company providesservices which include identification of projects based onfinancial health of each entrepreneur preparing of projectand market report conducting viability studies andarranging for tie up of funds from All India levelFinancial Institutions and Banks. Besides the Company willalso assist in locating suitable manpower to handle theprojects project finance and fund management and finallyhelping in implementation of the project. For this theCompany on a ''Polyclinic'' concept will keep panel ofexperts industry wise and call them and arrange expertguidance to the entrepreneur. However the Company alsohas professionals with requisite experience in handlinglarge projects on its rolls for co-ordination. Since the Company commenced operations it has undertakenthe activities of preparation of brief project profiles forprofitable businesses preparation of detailed project andmarket reports syndication of Project Finance. An agreement subject to Government approvals if any hasbeen entered into with World Wide Business ConnectionsInc. USA (WBC) for sourcing entrepreneurs abroad by WBCfor joint venture projects in India by Indian entrepreneursto be identified by Aryaman Financial Services Ltd. withor without financial participation and/or technologytransfer.2. The Company''s thrust area is the hitherto unexploredactivity of making sick units viable. The Company conductsviability studies of units which have gone sick for reasonsof management and/or finances and cannot be revived by theexisting promoter(s) and prepares viability reports. Itthen scouts for financially sound Indian or Non ResidentIndian entrepreneurs established or budding who have thecapabilities to revive the unit for merger acquisition andreorganisation of the same. The Company plans to send ateam of professionals to Gulf and other parts of the worldand sell these projects as these are otherwise viable withgood management and provision of working capital. This willgive foreign entrepreneurs a ready made platform to startthe unit without any gestation period. The Company has already identified sick/loss making unitsin cement spinning weaving & textiles engineeringsolvent extraction global unit ball beading unit andleather and prepared viability reports for the same inorder to arrange for their rehabilitation through takeover of such units by financially sound entrepreneurs:Out of the above the Company has already assisted in thetake over of one cement unit located in South India and onesolvent extraction unit located in Madhya Pradesh. Forothers negotiations are in advanced stages.3. The Company has set up an Equity Research departmentwhich carries out research mainly in the core sectors andin the fields of Indian economy Global economyIndustries companies various kinds of securities thestock markets fresh issues of capital Governmentalregulations etc. and publishes research papers on variousaspects as above. This department works in closeco-ordination with the Projects and Investment Bankingdepartments. The Company has already acquired necessarysoftware for this purpose besides subscriptions to a hostof journals magazines etc.4. Software Development and Consultancy is another areawhere the Company is actively engaged in with some wellknown corporate names as its clients. It has alreadydeveloped software for three clients--one in the financialservices one in the banking sector and one in the cementindustry.5. The Company placed an inter corporate deposit of Rs. 20lacs and also discounted a bill of Rs. 10.40 lacs duringthe period upto 30.9.94. These transactions generatedinterest income of Rs. 1.10 lacs.6. During the period upto 30.9.94 the Company purchasedshares of listed companies of Rs. 21.56 lacs and sold someof these shares for Rs. 4.70 lace giving a profit of Rs. 0.80 lacs.The Company is presently operating from its CorporateOffice at 401-A Poonam Chambers "A" Wing Shiv SagarEstate Worti Bombay. The Company has already acquiredoffice premises at Nariman Point (35 AtlantaBuilding) Bombay which is presently under furnishing. TheCompany has also taken premises on rental basis at vileParle-East (3 Jerome villa Makarand Ghanekar Marg) Bombayto carry out support services.SUBSIDIARY OF THE COMPANYThe Company does not have any subsidiary.