Ushdev International Share price

USHDEV TRADE AND FINVEST LTD. was incorporated as a PublicLimited Company on May 18 1994 and obtained Commencement ofBusiness Certificate on May 31 1994 under the Companies Act1956 from the Registrar of Companies Maharashtra. TheRegistered Office of the company is situated at Bombay. Thecompany has been promoted by Shri. Vijay Gupta a commercegraduate and an experienced businessman and Mrs. Suman Gupta afirst generation entrepreneur.OBJECTS OF THE COMPANYThe objects of the Company as specified in the Memorandum andArticles of Association of the Company are as follows:"MAIN OBJECTS"To carry on the business of an Investment and Finance Companyand to underwrite subunderwrite to invest in and acquire andhold sell buy exchange transfer or otherwise deal inshares debentures debenture stocks bonds units mortgagesobligations and securities issued or guaranteed by Indian orForeign Governments States Dominions SovereignsMunicipalities or Public authorities or bodies and sharesstocks debentures bonds obligations and securities issuedand guaranteed by any Company Corporation firm trust personwhether incorporated or established in India or elsewhere andmanage investment in shares stocks securities and to undertakeand carry on all kinds of financial operations hire purchaseleasing either out of its own funds or out of funds that itmight borrow.OTHER OBJECTSTo manufacture buy sell exchange process smelt preparework alter improve import export and to carry on business asagents distributors stockists and otherwise deal in ironsteel and their scraps and by products metal scrap iron oresand minerals in all forms and to carry on the business of ironand steel founders and manufacturers iron workers ironmasters brass founders and metal makers steel makers steelconverters fabricators smiths tinplate makers manufacturersof Industrial agricultural and other fittings and to establishrolling - mills and rollers in their respective branches.To carry on the business and to act as merchants commissionagents or in any other capacity in India or in any part of theworld and to import export buy sell barter exchangepledge make advance upon or otherwise deal in goods productsarticles merchandise and machineries and further to establishor acquire or carry on offices trading stations factoriesstores and deposits in India or in any part of the world and topurchase lease or otherwise acquire carry on develop andimprove any business.Pursuant to Section 149(2A) (i) of the Act special resolutionwas passed at the Extra-ordinary General Meeting of the Companyheld on the 15th June 1994 authorising the Company to carry onthe above business.PRESENT BUSINESSThe Company is presently engaged in commission business andtrading in shares. The company has sole agency in India for theAristrain Group of Companies one of the largest manufacturersof long steel products in Europe. The company has for the period18th May 1994 to 30th September 1994 earned commission incomeof Rs.414072 and income from sale of shares of Rs.37381.The company is registered with The Registrar of CompaniesMaharashtra. The Company has mobilised business on commissionbasis aggregating Rs.17 crores as underNAME OF THE COMPANYAMOUNTKEC International Ltd31446160Jyoti Structures Ltd.35564000Kalpataru Power Transmission Ltd.91158000SAE India Ltd.11700000 ------------ 169958160 ------------The Company on an average earns 1.40% of the value of the orderas agency commission.The Company being a non-banking non-financial company therecent guidelines issued by the Reserve Bank of India does notapply at present. However the Company undertakes to abide bythe guidelines in case for undertaking financial activities ofehire-purchase leasing and Market operations.