Ranjit Securities Share price

Ranjit Securities Limited was incorporated as a LimitedCompany on 30th September 1994 with Registrar ofCompanies Madhya Pradesh at Gwalior and the Certificateof Commencement of Business was obtained on 20th October1994.The company has been promoted by Mr. Taranjeet Singh Horaand Mr. Man Mohan Gambhir. Since incorporation the companyis mainly engaged in fund based activities. The presentbusiness of the company is grouped as under:a)Providing short term finance loans and advancesb) Bill discounting and other instrument discountingc)Investment in securities of Indian Companiesd)Arrangement of financeThe Company''s investment portfolio is constantly reviewedand restructured and right decisions are made in the righttime.The Company also follows the following broad guidelineswhile making investment decisions* Investment in any single company''s share/debenture shallnot exceed 10% of the paid up capital of the investeecompany.* Investment in any specific industry shall not exceed 25%of the market value the investment portfolio of the Companyat the time of making the investment.* Investment in the shares of any particular group shallnot exceed 25% of the net worth of the Company.* Aggregate of the Investment portfolio at cost shall notexceed at any time 25% of the net worth of the Company.* The Investments in unquoted companies if any other thanin subsidiaries will not exceed 15% of the totalInvestment.The policies in respect of Investment of funds are decidedby the Board of Directors which are then implemented by themanagement team. The Board of Directors constitute theinvestment committee. The company has many reputed firms and individuals as itsclients. Now the company plans to expand its operations toinclude more sophisticated activitiesa)Leasing and Hire Purchaseb)Investment and Dealing in securities in large scalec) Bill Discounting