Creative Newtech Share price

The Company was originally incorporated as ?Creative Pheripherals and Distribution Private Limited? at Mumbai Maharashtra as a private limited company under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated September 22 2004 Corporate Identification Number U52392MH2004PTC148754 issued by Registrar of Companies Mumbai Maharashtra. Later on June 15 2005 name of the Company was changed to ?Creative Peripherals and Distribution Private Limited? and was issued a new Certificate of Incorporation consequent on change of name by Registrar of Companies Mumbai Maharashtra. Subsequently the Company was converted in to a public limited company pursuant to special resolution passed by the members in the extraordinary general meeting held on February 22 2017 and fresh certificate of incorporation dated March 1 2017 was issued and the name of the Company was changed to =Creative Peripherals and Distribution Limited‘. The Corporate Identification Number of the Company isU52392MH2004PLC148754.Ketan Patel is the promoter of the Company. Ketan Patel and Purvi Patel were the initial subscribers to the Memorandum of Association of the Company subscribing 5000 equity shares each. The Company is engaged in the business of distribution of IT products Imaging Lifestyle and telecom products. We started with distribution of Microsoft hardware Epson Printers AOC TFT Monitor and continued adding newer products/brands to the portfolio which is evident from the revenue growth in past 5 years and achieved turnover of more than Rs 198.78 lakhs during thefinancial year 2015-16.The Company operates in the indirect sales model and we play the role of supply chain consolidator between several IT manufacturers and several thousand IT channel partners. We act on a principal to principal basis purchasing in bulk from the vendors and further down selling them to resellers/subdistributors/system integrators and retailers. We purchase from vendors and sell only to channel partners who are typically corporate resellers retailers and systems integrators.The Company is engaged in providing distribution services of both volume business and value business products. Products which fall in the volume business segment are typically fast moving high volume products of leading brands in respective product category such as AOC/Samsung monitors etc. Since the product / brands are well established the distributors mainly play a connecting role while the primary responsibility for demand generation lies with the vendor. We support the vendor‘s demand generation activities through trade marketing. The key deliverables here are logistics and inventory management credit and delivery at cost effective prices to the customers. Volume business require stocking across branches and is working capital intensive. Products which fall in value business segment is typically high end high value products. These are sold as part of entire package to corporates / individuals which would enable them to have a complete IT solution. The selling cycles are longer and many solutions require products from multiple brands. the Company also provides value added services to vendors and customers of value businesses segment. KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY :2004-Incorporation of the Company and commencement of Business.-Received Star Business award and MICROSOFT best retailer award.2005-Takeover of Sole proprietorship concern viz M/s. Creative.-Change of name of the Company as Creative Peripherals and Distribution Private Limited.-Received EPSON-Best performer award Inkjet printer and all in one-Registered office of the company was shifted to 20 Babu Bldg 375/377 Lamington Road Mumbai- 400007Maharashtra India2011-Bestowed with SENNEISHER award.2012-Received distribution for Olympus Imaging India Private Ltd.2016-Distribution received for GOPRO all India.2017-Change of name of the Company as Creative Peripherals and Distribution Limited on conversion of the Company into a Public Company.-Registered office of the company was shifted to B-215 Mandpeshwar Industrial Premises Co-op. Soc. Ltd Opp. MCF Club Off S.V.P. Road Borivali (W) Mumbai - 400092 Maharashtra India