TITAN SECURITIES Share price

TITAN SECURITIES LIMITED was incorporated as Public LimitedCompany on 8th day of Feb 1993. The Company got thecertificate for commencement of business on 5th day ofMarch 1993. The main object since inception are financialand investment consultancy and investment in securities.PRESENT BUSINESSThe company is mainly engaged in providing a range offinancial services which include lease finance managementLoans and investment in securities.For the period ending 31/03/1994 Income generated & valueof disbursement is as follows : Income ValueACTIVITY generated Disbursement-------- (Rs. Lacs) (Rs. Lacs) ---------- ---------1. Leasing 0.14 4.452. Interest Income 2.29 148.253. Investment Income 9.08 12.00 ------- -------- TOTAL 11.51 164.70 ------- --------The following steps are taken by the company for attainmentof its objects :1. Cashing on past experience of Directors in Capitalmarket and leasing finance business.2. Experienced staff in financial services.3. The Company is maintaining a good network of clients.4. Good network of computers and software is being used.5. Close monitoring of stock market is done extensively.INVESTMENT DECISIONSThe Company is carrying on the business of investment insecurities. The investments are reviewed at each meetingof the Board of Directors the decision of investmentCommittee and decision is taken keeping in mind thefollowing criteria :- Industry''s Position- Past Performance and Financial Highlights of the Investee company- Management''s capability popularity integrity and philosophy - PE Ratio and intrinsic worth of a security.- Future projects and prospects of the investee company and industryMAIN OBJECTSThe main objects of a company as set out in the Memorandumand Articles of Association of the company are as under :(A) THE MAIN OBJECTS TO BE PURSUED BY THE COMPANY ON ITSINCORPORATION ARE :-1. To act as managers to issue and offers whether by wayof public offer or otherwise of shares stocks debenturesbonds units participation certificates depositcertificates warrants or any other instrument whether ornot transferable or negotiable commercial or other paperor scrips (hereinafter collectively referred to as the"securities") to act as agents of and to act as discounthouse for any of the securities to act as advisers andcounselors in investment and capital markets tounderwrite sub-underwrite or to provide stand-by orprocurement arrangements to issue guarantees or to giveany other commitments for subscribing or agreeing tosubscribe or procure agree of procure subscription for thesecurities to act as an issue house registrars to issuetransfer agents for the securities to manage andadminister computer centers and clearing houses for thesecurities to form syndicates of consortia of managersagents and purchasers for or of any of the securities toact as brokers inter mediators of money market foreignexchange dealer dealers and agents of or in connectionwith the securities bullions and precious metals.2. To carry on business as share and stock brokers financebrokers underwriters sub-underwriters agents and brokersfor taking hold dealing in converting stocks shares andsecurities of all kinds brokers for units of Unit Trust ofIndia brokers for debentures bonds Governmentsecurities National Savings Certificates small savingsscheme and generally for securities of all kinds and tocarry on the business in India or abroad.3. To carry on the business of buy underwrite acquirehold shares debenture-stocks bonds obligations andsecurities issued or guaranteed by any company constitutedor carry on business in India or elsewhere and debenturedebenture stock bonds obligations and securities issuedor guaranteed by the Government State DominionsSovereign Rulers Commissioners public body or authoritySupreme Municipal Local otherwise firm or person whetherin India or elsewhere and to hold by way of investmentshares stock-debentures debenture-stocks bondsobligations units and securities.The company vide Special resolution passed on 13.10.93 hasapproved commencement of following businesses covered underthe other objects of Clause III C of Memorandum ofAssociation of the Company.(28) to acquire from or sell to any person firm or bodycorporate or unincorporated whether in India or elsewheretechnical and managerial information knowhow processengineering manufacturing operating and commercial dataplants layouts and blueprints useful for the designerection and operation of any plant or process ofmanufacture and to acquire and grant to licence otherrights and benefits in the foregoing matter and things andto render any kind of management and consultancy services.(45) To carry on the business as financers (not amountingto Banking business within the meaning of BankingRegulation Act 1949) by way of loaning lending andadvancing money to industrials individuals commercialsand such other enterprises of all types.(47) To carry on the business of a leasing and hirepurchase company and to acquire to provide on lease or tobe provided on Hire-purchase basis all types of industrialand offices plants equipments machinery vehiclesbuilding and real estate required for manufacturingprocessing transportation and trading business and suchother commercial and service business.(49) To professions of providing services of all typesincluding technical administrative marketing secretarialand other office services and providing services oftechnicians scientists artists administrators salesmaneconomists accountants tax experts and of acting asrecruitment agents advertising agents organisers ofconferences auctioneers trustees executersadministrators attorneys nominees receivers secretariesand agents (and to exercise the power of custodiantrustees and trust corporations) and of working asprofessional consultants on technical financialmanagement productivity taxation employment investmentmarketing banking and economic problems and matters.SUBSIDIARY COMPANYThe Company does not have any subsidiary company.