SANGHVI MOVERS Share price

Sanghvi Movers Ltd. was incorporated as a Private LimitedCompany under the Companies Act 1956 on 3rd November 1989with the Registrar of Companies Maharashtra Bombaysubsequently converted to Public Limited Company on 2/11/94 bypassing Special Resolution in the Extraordinary General Meetingheld on 1/10/1994.The Company is one of the leaders in the business of operatingmedium to large sized heavy duty hydraulic and crawler cranes.The Company provides material handling services for variouslarge scale projects where movement of material of heavy tonnagetakes place. The Company provides an entire range of serviceswhich includes movement of materials erection of equipmentassisting in fabrication amongst other things. The Company alsoprovides skilled personnel and the required engineeringservices.The Company specializes in Diesel Operated Hydraulic TruckMounted Telescopic Cranes. These Cranes are fitted with SLI i.e.Safety Load Indicating System. The Function of the SLI is toindicate the maximum Safety Load the operator can lift at aparticular Boom length and Radius. These cranes also haveTelescopic Boom facilities whereby the material can be placed atthe precise location with minimum Circular Error of probability.These features increase the safety factor of handling theexpensive equipment of the clients and simultaneously enhancethe Productivity. This being the Criteria the Company has beenable to secure repetitive contracts from Leading parties.The Company''s services find applications in the infrastructuraland core sector projects. Over the last 4 years the Company hasprovided its services to the Oil Drilling Companies SteelPlants Construction and Erection Companies Gas pipe layingPetrochemical and Power generation projects all over India. Ithas 47 cranes deployed on contracts with reputed companies suchas ONGC Larsen & Toubro Ltd. Cemindia Ltd Triveni Oil FieldServices Ltd Birla Technical services MECON NEPC MICON Ltdand Kirloskar Ferrous Industries Ltd to name a few at varioussites in the country. The Company also operates a stockyard atChinchwad Pune. The experience of the Company till date hasbeen 100% utilization of its assets. The Company has not facedany labour problems in the past nor is currently facing anylabour problems.MAIN OBJECTS OF THE COMPANYThe main objects as set out in the Memorandum are as under:The main objects of the Company provide for carrying on thebusiness of operating cranes dumpers excavatorstractor-trailers trucks vessels barges rigs constructionand transportation machinery all types of automobiles andvehicles; as also to carry on the business of providing servicesfor moving rigging shipping dismantling carting haulingtransporting erecting handling ware-housing and storing anymaterials goods articles or things.SUBSIDIARIES OF THE COMPANYThe Company has no subsidiaries.