SP CAPITAL FINANCING Share price

S.P. Capital Financing Ltd. was incorporated on 8th March1983 as a private limited Company in the name and style ofSP Business & Management Services Pvt. Ltd. under theCompanies Act 1956. The Company was converted into a PublicLimited Company by passing a special resolution dated 14th January 1994 and certificate of change of name dated 25th February 1994 was obtained from Registrar ofCompanies Maharashtra Bombay. A fresh Certificate ofincorporation was obtained consequent to change in the nameto SP Capital Financing Ltd. on 7th July 1994.The Company commenced business in the year 1983 and wasengaged in providing Financial Consultancy Services likepreparation of Feasibility Report Project Report andSyndication of Project Finance from Financial Institutionsand Banks. The Company was enlisted in the Directory ofapproved Industrial and Financial Consultants maintainedby All India Financial Institutions viz.IDBI IFCI & ICICI.Since 1992 onwards the Company has started fund basedactivities like Bill Discounting Leasing and Investment inStock & Securities.The Company is authorised as a Category I Merchant bankerby SEBI vide their letter dated 16th September 1994.MAIN OBJECTS AND BUSINESS OF THE COMPANYMain objects of the Company as set out in the Memorandumand Articles of Association of the company interalia include the following:-To carry on in India or elsewhere the business ofConsultancy Services in the field of Business Management.Finance Trade Industry or any other Services to anyindividual Firm Trust Association Society Company bodycorporate organisation. Institution and Government Bodyby providing complete office facility conference roomsSecretarial Services mailing address facility credit cardfacility and recruit suitable personnel and prepare projectreport Market feasible studies Industrial intelligenceMarket research tax services Financial Budgetory controlMultilingual translation and arrange Technical know-howForeign collaboration by any arrangement or agreemententered into.To engage in the business of management of securityoffering/issue of corporate bodies including makingarrangements for selling or buying or subscribing to ordealing in securities preparation of offerdocuments/prospectus/letters of offer tying up with otherintermediaries in securities rendering corporate advisoryservices determining financial structure of issuer tomanage portfolio of securities to handle allotment andrefund of securities underwrite issues and to undertakeall other matters connected with issue/offering ofsecurities.PRESENT BUSINESS OF THE COMPANY Operations carried out till 1988-89.Since incorporation the Company is engaged in non-fund basedactivities like preparation of project report UndertakingFeasibility study Syndication of project finance etc. TheCompany was well established and accordingly was enlistedin the Directory of Industrial Consultants maintained byIDBI ICICI and IFCI. In 1989 Company prepared a PilotProject Feasibility Study for Multistoreyed Super CarParking Complex. The project is currently revived by SICOM.The Company also provided Consultancy in Taxation andCompany Law matters. From 1992 onwards the Company hasstarted fund based activities like Bill Discounting Leasingand Investment in Stock & Securities.Bill DiscountingThe Company is mainly engaged in Bill Discounting. The mainclients of the Company include -Ranbaxy Laboratories Ltd. Electric India LtdHindustan Alloy Mfg Ltd Bagade Engineering Ltd ArabianExports Ltd Wockhardt Ltd. etc.The business done for the current six months is aroundRs. 500 lacs.Securities TradingThe Company is engaged in the area of purchase and sate ofsecurities. The decisions in these areas are backed byresearch and detailed information about the companies.Till date the Company has done transactions worth Rs.1 Crore.Issue ManagementThe Company has been registered with Securities andExchange Board of India as category I Merchant Banker witheffect from 16.09.1994 and has recently started MerchantBanking activities with a team of professionals. TheCompany has also got the mandate to act asCo-Managers/Advisors for public issue of M/s. Premco GlobalLtd. and M/s. Airoil Flairgas Co. Ltd. The Company hasextended underwriting commitments. The outstandingunderwriting commitments as on date is Rs. 130 lakhs.SUBSIDIARYThe company does not have any subsidiary.