SAMYAK INTERNATIONAL Share price

McSURE CAPITAL MARKET LTD. was incorporated on 21st July1994 in Gwalior. The Certificate of Commencement ofBusiness was obtained on 20-09-94.The company has been promoted by Mr. S.L. Jain Mr. SudhirJain Mr. R.K. Shah and Mr. Niral Kr. Gupta joined lateron 15.9.94. The object of the company is to provide a widerange of financial services under one roof.At present the company is mainly engaged in- financial consultancy- lease and hire purchase syndication- loan NCD PCD and other debt instrument syndication fromFI''s and Banks- arranging bill discounting limits.- inter corporate deposits- bridge loan against public issue/rights issue- preparation of feasibility reports- capital structuring etc.- consultancy to public/rights Issue.The company has many reputed companies as its clients.Now the company plans to expand its operation to includemore sophisticated activities like fund based activitiesand merchant banking services.MAIN OBJECTS OF THE COMPANYAccording to the Memorandum of Association of th companyMain Objects of the Company are as follows:1. To carry on the business of an investment Company andbuy underwrite invest in and acquire shares stocksdebentures debentures-stocks bonds obligations andsecurities issued by or guaranteed by any Company orcarrying on any business in India and elsewhere or issuedor guaranteed by any Government Central or State PublicBody or Authority Supreme Municipal local or otherwisefirm or person whether in India or elsewhere and tosubscribe for the same and to guarantee the subscriptionthereof and to exercise and enforce all rights and powersconferred by or incidental to ownership thereof.2. To carry on the business of financiers financialagents brokers stock and share brokers and to undertakeand carry on and execute all kinds of financial operationsin connection with the main business of the Company and theundertaking but the Company shall not carry on the bankingbusiness within the meaning of the Banking Regulation Act1949. COMPANY''S STATUS UNDER RBI DIRECTIONSThe Company is a Non-Banking Financial Company (NBFC)governed by the Non-Banking Financial Companies (ReserveBank) Directions 1977 issued by the Reserve Bank of India. The Reserve Bank of India guidelines on prudential normsfor NBFC''s are complied with as follows:The company has achieved the required capital adequacynorms as required by RBI.As per the guidelines the company does not account incomeon non performing assets. As on the date the company doesnot have any non performing assets.The company shall make necessary provisions for bad anddoubtful debts as per the guidelines as and when required.As per the guidelines the long term investments are statedat cost and inventories comprising shares and securitiesare valued at lower of cost or market value.