BLUE COAST HOTELS Share price

Morepen Finance Limited (the Company) was incorporated as closely held public limited Company on 27th July 1992 under the name Morepen Finance & Investments Limited and registered with the Registrar of Companies NCT of Delhi & Haryana at New Delhi. The Company became entitled to commence business on 7th September 1992 on issue of certificate of Commencement of Business Subsequently majority of the Equity Shares in the Company were acquired by Morepen Laboratories Limited thereby making the Company its subsidiary.Name of the Company was changed to Morepen Finance Limited w.e.f 25th October 1994.The Company got itself registered with Securities and Exchange Board of India (SEBI) as Category III Merchant Banker vide Certificate of Registration dated November 17 1994. The Company has also applied to SEBI for upgradation of its registration to Category I Merchant Banker vide its letter dated February 14 1995.During the first two years of its operation the Company remained more or less dormant. However on induction of fresh funds by way of equity capital in the year 1994-1995 the Company became active and closed the year with a profit after tax of Rs. 103.60 lacs on a paid up capital of Rs. 356.00 lacs. The company is presently engaged in both fund and nonfund based business viz leasing bills discounting lending underwriting financial consultancy loan syndication and other merchant banking activities. SUBSIDIARY OF THE COMPANYThe Company does not have any Subsidiary Company.