ISL CONSULTING Share price

Innovation Security Ltd. was incorporated as a Public Limitedcompany on 5th January 1993 and obtained the Certificate ofCommencement of Business on 25th January 1993. The company hasalready acted as Advisor to one Public Issue. It is presentlycarrying out activities of advances through IntercorporateDeposits and Bills Discounting.THE MAIN OBJECTS OF THE COMPANY1. To accept buy sell discount and deal in all kinds ofpromissory notes bills of exchanges hundis cheques sharesdebentures bonds stocks securities coupons movable &immovable properties and any other financial instrument.2. To carry on business of brokers merchant bankers advisorsfinanciers portfolio managers Lead Managers Co-managersregistrars project consultants market surveyors badlafinanciers importers exporters and provide all kind offinancial assistance and services to firms societies syndicatescompanies and associations.3. To carry on business of finance and hire purchase ofvehicles machinery goods and articles of every descriptions.PRESENT BUSINESSThe company is at present engaged in the process of BillDiscounting Intercorporate Deposits and purchase and sale ofsecurities. The company had already been registered as CategoryIV Merchant Bankers and acted as an Advisor in an Issue. Thecompany is also involved in preparation of Project FeasibilityReports and Financial Consultancy Services.The financial performance for the year ended 31st March 1994 isas follows :DESCRIPTIONFOR THE YEAR ENDED 31.3.94 Rs.Income From consultancy charges572895 Intercorporate Deposits 11538Expenses484155PBIDT100278Interest -Depreciation 18770PBT 81508Provision for Taxation 16000PAT 65508Equity515000Networth 65508EPS580508Book Value 1.27Dividend11.27PRESENT DEPLOYMENT OF FUNDSAt present the funds raised by way of Promoters'' contribution ofthe equity capital - Rs.16.57 lacs (includes share capital ofRs.5.15 lacs and share application money pending allotment ofRs.11.42 lacs) and Internal Generation (Rs.0.66 lacs) (being theprofit earned during the year ended 31st March 1994) have beendeployed as follows :Rs. in lacsFixed Assets3.62intercorporate Deposits5.00Investments7.00Other current assets (Net)1.46Preliminary expenses0.15 17.23SUBSIDIARIES OF THE COMPANY3The company has no subsidiaries