GOYAL ASSOCIATES Share price

GOYAL ASSOCIATES LIMITED is a Public Limited Company formedand registered with ROC in the State of Gujarat atAhmedabad on 14th day of October 1994. The Companyreceived the Certificate for Commencement of Business on18th October 1994.The Company has been formed for the purpose of undertakingmultidivisional activities. The main activity of thecompany will be to carry on the business of manufacturingand trading of gold ornaments setting up of BusinessService Centre Leasing and Hire Purchase as well astrading and investment in shares and stocks.The company is planning to acquire/construct offices forBusiness Service Centre Corporate Office and GoldOrnaments manufacturing and trading. The company is alsostarting the business of leasing. The total cost of theproject will be Rs. 306.00 Lacs. Of this Rs. 40 Lacs willbe spent on acquisition of buildings Rs. 8 Lacs forpurchase of machinery for gold ornaments unit Rs. 20 Lacson Purchase of Furniture & fittings for Business CentreRs. 100 Lacs on assets to be leased and Rs. 80 Lacs forinvestment in stocks and securities. The company would needworking capital margin of Rs. 23 Lacsand Rs. 30 Lacs willbe spent on Preliminary and Preoperative Expenses. Againstthe proposed cost of project sufficient advances have beengiven and reasonable effective steps taken.