MAGNUM VENTURES Share price

Incorporation and Initial ProgressMagnum Ventures Limited was originally incorporated as Magnum Papers Private Limitedvide Certificate of Incorporation No. 55-10492 dated May 29 1980 issued by the Registrar ofCompanies Delhi and Haryana New Delhi. Mr. Siddarth Deshraj Dr. (Mrs.) Satyawati Deshrajand Mr. Arvind Mohan Deshraj were the subscribers to the Memorandum and Articles ofAssociation. The Company was subsequently taken over by Mr. Salek Chand Jain vide aMemorandum of Agreement dated 15th July 1986 executed between Mr. Salek Chand Jain on one part and Mr. Siddarth Deshraj & Dr. (Mrs.) Satyawati Deshraj on the other part. The Company was taken over by the current promoters by transfer of ownership through transfer of equity shares in the Company.The Company was converted into a public limited company vide a special resolution datedFebruary 15 1995 and a Fresh Certificate of Incorporation dated May 31 1995 obtained in thename of Magnum Papers Limited from the Registrar of Companies Delhi and Haryana NewDelhi. The name of the Company was further changed to Magnum Ventures Limited and a freshCertificate of Incorporation dated November 15 2006 was issued by the Registrar of CompaniesNCT of Delhi & Haryana New Delhi.The Company has its Registered office at "Magnum House" 3/4326 Ansari Road DaryaganjNew Delhi - 110 002.The Company?s manufacturing facilities for Paper is split into three units; Unit I situated at PlotNo. 18/29 18/30 & 18/31 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradeshproduces Writing & Printing paper; Unit II for producing Duplex Board and Unit III for producing Writing & Printing paper are both situated at 18/41 Site-IV Industrial Area SahibabadGhaziabad Uttar Pradesh.The Company?s Hotel is proposed to be built on Plot No. 64/6 (comprising sections 345 & 6)and Plot No. 64/5 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradesh.Major Events in the history of the Company are as follows:YEAR MAJOR EVENTS & MILESTONES1980 Incorporated as Magnum Papers Private Limited on May 29 1980 with the Registrar of Companies Delhi & Haryana.1982 Paper Mill set up with an installed capacity of 1185 MT per annum. Commercial production commenced in December.1984 The Company was taken over by Mr. Salek Chand Jain (the father of the present promoters) along with his sons.1990 Machine was upgraded and modified for manufacturing of Creamove and Board paper. Capacity enhanced during the year by 2400 MT per annum i.e. aggregate capacity being 3585 MT per annum.1994 Purchase of Land situated at Plot No. 18/29 and 18/30 adjoining Plot No. 18/31 Site IV Industrial area Sahibabad Ghaziabad Uttar Pradesh. Expansion of capacity by 23000 MT per annum i.e. aggregate capacity being 26585 MT per annum.1995 Became a Public Limited Company on May 31 1995 with the Registrar of Companies NCT of Delhi & Haryana. Sub-division of face value of Equity Share of the Company from Rs. 100/- to Rs. 10/-. Bonus Issue to existing shareholders in the ratio of 11 equity shares for every 6 equity shares held.1996 Purchase of Land situated at Plot No. 18/41 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradesh and a separate manufacturing unit (Unit II) set up for manufacturing Duplex Board having an installed capacity of 5000 MT per annum i.e. aggregate capacity being 31585 MT per annum.1997 DG Set installed for 100% power backup in case of failure and cuts of Grid power.1999 Set up a Creamove manufacturing unit (Unit III) with a capacity of 11415 MT per annum at Plot No. 18/41 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradesh i.e. aggregate capacity being 43000 MT per annum. Purchase of Land situated at 64/6 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradesh to cater to the space requirements for Finishing House.2002 Manufacturing unit at 18/29-30 Industrial Area Sahibabad was upgraded and modified. Capacity increased by 10000 MT per annum i.e. aggregate capacity being 53000 MT per annum.2004 Duplex Board manufacturing machine installed at Plot No. 18/41 Industrial Area Sahibabad upgraded and modified and capacity increased by 27000 MT per annum i.e. aggregate capacity being 80000 MT per annum.2005 4.3 MW Captive Power Plant successfully installed. De-inking Project commenced. Upgradation and modernization of Paper unit planned. Project appraised by PNB and term loan of Rs. 35 lakhs sanctioned. Installed capacity increased by 5000 MT i.e. aggregate being 85000 MT per annum.2006 Awarded ISO 9001:2000 certification on March 23 2006 for quality management systems by URS Certification Ltd. a JV partner of United Registration of Systems United Kingdom. Amalgamation of the Company?s two subsidiaries viz. Bachins India (P) Ltd. and Bisonic Engineers Private Limited with Magnum w.e.f 1.4.2006 vide Order dated 1.11.2006 of the Hon?ble High Court of Delhi. Purchase of Land situated at 64/5 Site-IV Industrial Area Sahibabad Ghaziabad Uttar Pradesh to cater to the space requirements for Finishing House. Diversification into Hotel business by setting up a Hotel Division. Plans afoot to construct a 212 room 4 Star Hotel in Sahibabad. Project apparised by Punjab National Bank and term loan of Rs. 70 crores sanctioned by a consortium of banks comprising PNB: Rs. 20 crores OBC: Rs. 20 crores Syndicate Bank: Rs. 15 crores and IOB: Rs. 15 crores. Name of the Company changed to Magnum Ventures Limited.