ZENITH EXPORTS Share price

ZEL was incorporated on July 23 1981 with the objective of taking over the partnership business of Zenith Enterprises (Zenith) a family partnership concern promoted by Shri B.R. Loyalka in 1969. Zenith''s initial activities were mainly confined to hire purchase financing ofvehicles. It started export of industrial hand gloves made from leather in 1975 when Shri Loyalka''s three sons joined the family business. The firm started export of silk fabrics in 1977. The firm''s business activities which were modest (Rs.10-12 lakhs) in the initial years started picking up in 1981 when it was taken over by ZEL. ZEL hassince become a recognised export trading house engaged in the manufacture/export of leather goods such as industrial leather hand gloves wallets etc. silk fabrics and silk made-ups.PRESENT BUSINESS OF THE COMPANYThe company is engaged in manufacture and exports of industrial leather hand gloves and handloom silk fabrics as well as silk made-ups. The company has facilities for manufacture of leather hand gloves and other leather articles at two units located in Calcutta. In addition ZELhas arrangements with a large number of silk weavers located in and around Bhagalpur Varanasi and Bangalore for manufacture of silk fabrics on job-work basis.MAIN OBJECTS OF THE COMPANYMain objects to be pursued by the Company on its incorporation:1 To become vested with and continue the partnership business now being carried on under the name and style of M/s.ZENITH ENTERPRISES including all its assets rights benefits titles interest approvals Registrations permits facilities concessions sanctions privilegeslicences debts liabilities and obligations and the rights and liabilities of the parties hereto in the said partnership business and in connection therewith.2 To carry on business as traders exporters agents representatives dealers producers stockists importers or distributors of industrial commercial agricultural scientific household domestic farm and forest products/ goods plants machineries equipments apparatus gadgets appliances accessories spare parts or other merchandiseincluding tea coffee jute and jute goods textiles cotton yarn wool and woollen goods handicrafts piece of arts jewellery ornaments steel plastic rubber chemicals engineering goods minerals electronic musical and sports goods cloth dresses garments transport vehicles food products live stocks books reading and educative materials paper and paper products.3 To carry on business of hire purchase of all kinds and description of vehicles mopeds appliances installation fittings machinery and office equipments.