EPUJA SPIRITECH Share price

The Company was registered under the name Shri Kirti Jain Finance Private Limited on 05.04.80 with Registrar of Companies Madhya Pradesh Gwalior. The Company is engaged in the short term loan financing and also the income consisted of income from land rent. The Company started actively Trading in shares and fund base and non fund base financial activities from the year 1994-95. The company received substantial income from commission for bill discounting arrangements Dividend Income and also corporate Advisory. During the year 1994-95 the company sold an agricultural land and earned a profit of Rs. 25.64 Lacs. The name of the company was changed to Kirti Finvest Ltd. vide Registrar of Companies Madhya Pradesh''s certificate dt. 28.9.1995. The name of the company was changed in tune with the changing economic scenario and to cover the broader aspect of the financial activities.MAIN OBJECTS OF THE COMPANYThe Main objects of the Company as set out in its Memorandum are given as below:1. To lend money either with or without security and generally to such persons and upon such terms & conditions as the company may think fit but shall not carry on the Banking business as defined under the Banking Regulation act 1949.2. To carry on the business of purchasing selling investing in all types of securities shares stocks bonds debentures and securities issued by Government by local authorities or by any other Company and firms.3. To carry on the business as financing of hire purchase transactions.CURRENT BUSINESSThe company is at present engaged in a big scale in the Investment in shares securities bonds debentures in both the primary as well as secondary capital market. The company is also getting income from sub-brokership commission in the primary issue commission from arranging short term finance etc. The company also got substantial profit from sale of agricultural land during 1994-95. Company is in the financial services and there is competition in this lines mainly from the big corporate houses and bank and financial institutions. Because Commercial banks with massive resources base coupled with lower cost of funds as compared to that of non-banking finance companies are likely to have competitive advantage in fund based financial services activities. The board of the company is experienced and staff are also experienced in their area of activities. The company will be benefitted from experience of their promoter/directors/key personnels.INVESTMENTThe company is engaged in the investment activities. Investment is made on the basis of performance of the company performance of the particular industry and on the research report available with the company. The investment activities were started from 1994-95. The company also received dividend on the investment made in shares.SHORT TERM FINANCINGThe company is engaged in short term financing since inception in a small way by providing short term finance to different parties.LANDThe company was in possession of a land on which it was regularly getting rent. In the year 1994-95 it sold the same on which it earned substantial profit of Rs. 25.64 lacs.SUBSIDIARY OF THE COMPANYThe Company has no subsidiary.