SI Capital & Financial Services Share price

The Company was incorporated on 8th November 1994 with itsRegistered Office at Madras and an Authorised Share Capitalof Rs.300 Lacs. The Present main activities of this companyare Hire Purchase and Leasing operations.MAIN OBJECTSThe Main objects to be pursued by the Company on itsincorporation as set out in its Memorandum of Associationare inter alia as under:1. To carry on the business of purchasing and letting oftease or hire in any part of the Country or abroad allkinds of Plants Machinery tools jigs and fixturesagricultural machinery trawlers vessels bargesautomobiles and vehicles of every kind and descriptionoffice equipment of every kind computers consumer durablesof every kind construction machinery of all types anddescription air conditioning plants electronic equipmentof all kind and description upon any terms as may bethought tit and for that purpose purchasing or otherwiseacquiring domInion over the same whether new or usedrendering all financial services including financing forprojects exports and imports acceptance of creditinvoice discounting factoring invoices debt collectionand making of short term and long term loans.2. To carry on the business of technical consultantsadvisors surveyors and to render consultancy and advisoryservices to clients in the field of equipment leasingmanage investment pools and mutual funds and syndicate inshares stocks and securities.3. To extend long or medium term loans lease financeand/or hire purchase finance to contractors and promotersof building sites housing sites flats apartmentshousing colonies educational institutions hospitalsoffices factories warehouses shops wharfs buildingworks etc.4. To act as Merchant Banker and to carry on the businessof Issue House managing administering and participatingin the issues of any kind or nature as Lead ManagerCo-Manager or Advisor to the Issue.5. To carry on the business as Authorised Dealers and/orMoney Changers in Foreign Exchange and to render advisoryservices in all its branches including foreign exchangeexport trade and setting up joint ventures aboard.6. To carry on the business as stock broker by becomingmember of one or more stock Stock Exchanges in India andabroad and/or dealer of Over the Counter Exchange of India.7. To act as Registrars and Transfer agents of bodiescorporate.PRESENT BUSINESSThe Company is a Non-Banking Finance Company and providesfinancial services sector and business community. Itstarted the Hire Purchase/Leasing Operations only sinceDecember 1994. It is in the process of identifying suitablemanpower and setting up a good administrative machinery. Itwill be taking other financial service activities incourseof the next two years.PAST PERFORMANCEAs the Company has started operations only from December1994 no operating results are available.