Supreme Holdings & Hospitality (India) Share price

SUPREME HOLDINGS LIMITED was incorporated as a private limitedcompany under the name of Supreme Holdings Private Ltd on 15thApril 1982. The Company was acquired as a going concern by theJatia Group on 14.09.87 from the then existing management for aconsideration of Rs 2000/-. The original subscribers have noconnection business or otherwise with the Jatia Group atpresent. The Company became Public Limited Company pursuant toResolution passed in the EGM held on 21.3.94 and freshcertificate of change in name was obtained on 20.04.94 from theRegistrar of Companies Maharashtra at Bombay.PRESENT BUSINESSThe object of the Company is to provide a wide range offinancial services under one root At present the Company ismainly engaged in:- Bill Discounting- Investments- Lease Syndication- Management ConsultancyThe bill discounting facility is normally provided to corporateclients with a satisfactory track record. With the help of ateam of qualified professionals on the basis of fundamentalsand technical analysis of the companies at periodic intervalsthe Company has been deploying its surplus funds from time totime in quoted blue chip securities.At present investment proposals below Rs.10 lacs are sanctionedby the General Manager (Finance & Administration) and investmentproposals beyond Rs.10 lacs are sanctioned by the OperationsCommittee of the Board of Directors.The Company has made a modest beginning in the field of LeaseSyndication and Management Consultancy.The Company now plans to expand its operation to include moreFund based and Non Fund based activities specially Leasing.The Company has applied to Reserve Bank of India forregistration as a Non-Banking Finance Company.