Mahaveer Infoway Share price

M/s. MAHAVEER LEAFIN & HOLDINGS LIMITED is a companyregistered under the companies act 1956. The company wasoriginally incorporated on 13th May 1991 as a PrivateLimited Company and subsequently converted into limitedCompany on dated 1st January 1996.The chief promoters Shri Ashok Kothari and Nirmal Kothariestablished the company with a object to undertake thecommercial activities in the business of finance Hirepurchase Leasing of Heavy Commercial Vehicles LightCommercial Vehicles Cars and other type of plant andmachinery. Since its inceptions the company has beenearning profits.Considering the growing demand in lucrative Hire Purchasebusiness the company intend to expand the business byraising further funds to the tune of Rs.300 lakhs. The Rs.20lakhs limit was already sanctioned by the AP VardhamanMahila Co-operative Urban Bank Ltd and the company isalready utilising it under HPCC Limit.The company is presently engaged in the business of Automobile finance. The details of the number of vehicles the company financed are as follows:------------------------------------------------------------Type of Vehicle Number of Vehicles Amount------------------------------------------------------------Heavy Commercial 29 5526000VehiclesLight Commercial 67 6905000 VehiclesTwo/Three Wheelers 35 1402000 Tractors 01 211000------------------------------------------------------------