| The company was incorporated as a Private Limited Company
with the name of AJMERA FINANCIAL & PROJECT CONSULTANTS
PRIVATE LIMITED on 19th December, 1986 with its Registered
Office at 107, Vardhaman Chambers, Cawasji Patel Street,
Fort, BOMBAY 400 001. The company was promoted with the
major object of assisting the entrepreneurs in various
projects and financial field. The company stands
rechristened with a view to reflect the diversified
business focus of the company into Capital market related
services as AJCON CAPITAL MARKETS PRIVATE LIMITED with
effect from 3rd May, 1994 by passing a special resolution
under section 21 and further to a public limited company
under the present name with effect from 16th May, 1994 by
passing a special resolution under section 31 of Companies
Act, 1956.
The company is awaiting direction from Reserve Bank of
India in connection with NBFC classification.
The current business activities of the Company are :
A. Consultancy in Projects and Loan Syndication
Right since the inception in 1986, the company has been
engaged in project consultancy and loan syndication.
Brief details of the technology for the Project related
activities are as under:
1) Project Identification - At the outset, a series of
projects fulfilling client indicated criteria are
identified and shortlisted jointly with the client for
preparation of detailed project profile bringing out
project specification and critical issues relating to the
success of the project;
2) Market Research - Market survey of industrial and
consumer products is carried out using tried out market
research techniques, explaining the survey design to the
client. Before formal commencement of the survey; the
draft report is discussed thoroughly by a professional
group before presentation to the client.
3) Project Report Presentation - Company's reports provide
structural framework of technical, commercial and financial
aspects which guides the client in working out his approach
for implementation of the project;
4) Loan Syndication/Fund Arrangement - The next important
activity involved is capital structuring that suits best
both the promoter and the lenders/investors and later
follow-up, liaisoning, co-ordination amongst various
agencies, financial institutions/lenders to get the
disbursement authorisation at the earliest.
5) Turnkey Projects - In the case of turnkey projects the
activities right from selection of the project till project
completion is carried out by the Company.
The company has executed numerous assignments for small and
medium size projects with most of them having been
established successfully and running satisfactorily.
Following is an indicative list of clients, representative
of most major industries:
Bhukbanvala Diamond Tools P Ltd : Diamond Tools
Detco Textiles P Ltd : Textile (Process house)
Dhakad Metals P Ltd : Zinc Sulphate
Igatpuri Alloys (India) P Ltd : Aluminium alloys
Jealous Fashionwear P Ltd : Denim garments
Kaygaon Paper Mills Ltd : Paper
Padma Rubber Products P Ltd : Rubber Products
Santogen Exports Ltd : Terry Towels (100% E0U)
Sonu Synthetics Ltd : Textile (weaving &
spinning)
Vera Pharma P Ltd : Pharmaceuticals
B: Advisory services
The Company is already engaged in this area and has
rendered advisory services in the following fields:-
1) Management audit
2) Debt/Equity Research
3) Legal advisory services
4) Capital restructuring
5) Resources mobilisation
6) Working Capital management
7) Capital budgeting
8) Tax planning
9) Management services and SWOT analysis.
Advisory services along with the other activities make it a
one window service for various types of requirements of the
long list of clients.
C. Stock Broking and Security Trading
The Company is registered with SEBI as a stock broker and
has been from time to time investing surplus funds in
shares and securities and plans to continue the same on
which it expects a handsome return. The investment in
shares and securities is based on strong fundamental
analysis of the company. Brief details of the technology
for the Investment/Security trading activities are as
under:
Firstly few good industries having good potentials are
determined. Thereafter companies with strong fundamentals
are selected and then the timing of purchase and sale of
securities is ascertained in order to get the maximum
return on investment in the shortest span of time. This is
evident from the fact that the market value of securities
as on 31.08.1994 was Rs.43,98,415 as against the cost of
acquisition of Rs. 25,85,066 as shown in the Balance Sheet
of the company reflecting a rise of more than 70%.
2010
- The Company has entered into a Tie-Up with Bank Of India for providing Online Trading Facility to Bank's customers through its Online Trading Portal.
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