NEERAJ PAPER MARKETING LI Share price

Neeraj Paper Marketing Limited was incorporated on 9th day of March 1995 in the National Capital Territory of Delhi and obtained certificate of commencement of Business on 03/04/1995 from Registrar of Companies NCT of Delhi & Haryana at New Delhi. The Company has taken over the running business of Tanvi Traders on the following terms & conditions w.e.f. 1/4/1995 :1) That the running business of the 1st party (Tanvi Traders shall be taken over by II party (Neeraj Paper Marketing Ltd).2) The first party agrees not to claim for any amount of goodwill for the existing running business.3) That the Fixed Assets of the Ist party appearing in its Balance Sheet as at 31.03.1995 shall be taken over by the II party at their Book Vahie on that date and payment will be made for that amount by II party.4) That any liability in respect to Income Tax Sales Tax Trade Tax etc arising in future for the business dealt by Ist party shall besettled and borne by 1st party only.5) That the distributionship/agency in the name of first party from various paper mills shall hereinafter be renewed in the name of second party and the first party shall have no objection thereon.6) That the dealers sales network be hereinafter belongs to second party and business in future with them shall be carried on by the second party.The total cash consideration paid to the Tanvi Traders was only Rs. 3.91 lacs and this consideration amount is based on book value as on 31/3/1995 and the same is not valued by any approved valuer. M/s Tanvi Traders of Delhi had been a proprietary concern and Mr. Neeraj Goel was the proprietor M/s Tanvi Traders which was established in 1991 to carry on the business of distributorship/dealership of Kraft Semi-Kraft Duplex Board news print and Media paper of various paper units of North India which have been named elsewhere in this prospectus and have also confirmed the distributorship in the name of company vide their various MOU included under the head "Material contracts and Documents for Inspection". The Assets of the Tanvi Traders has not been revalued since its incorporation.EXPORT DIVISIONThe Company is having a Division in the name and style of Bindlas International which exports the various products for the Company. Till date the said division has already exported media paper & Duplex Board to the tune of US $34114 to Bangladesh. However the Company is having total export orders in hand worth of US $ 15.43 lacs to be executed within the year to various countries.