The Comp. was incorporated as a Private Limited Company with the name of AJMERA FINANCIAL and PROJECT CONSULTANTS PRIVATE LIMITED on 19th December, 1986 with its Registered Office at 107, Vardhaman Chambers, Cawasji Patel Street, Fort, BOMBAY 400 001. The Comp. was promoted with the major object of assisting the entrepreneurs in various projects & financial field. The Comp. stands rechristened with a view to reflect the diversified business focus of Comp. 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 & 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 Comp. is awaiting direction from Reserve Bank of India in connection with NBFC classification.
The current business activities of Comp. are :
A. Consultancy in Projects & Loan Syndication
Right since the inception in 1986, the Comp. has been engaged in project consultancy & loan syndication.
Brief details of technology for Project related activities are as under:
1s] Project Identification - At the outset, a series of projects fulfilling client indicated criteria are identified & shortlisted jointly with the client for preparation of detailed project profile bringing out project specification & critical issues relating to the success of project;
2s] 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 survey; the draft report is discussed thoroughly by a professional group before presentation to the client.
3s] Project Report Presentation - Company reports provide structural framework of technical, commercial & financial aspects which guides the client in working out his approach for implementation of project;
4s] Loan Syndication/Fund Arrangement - The next important activity involved is capital structuring that suits best both the promoter & the lenders/investors & later follow-up, liaisoning, co-ordination amongst various agencies, financial institutions/lenders to get the disbursement authorisation at the earliest.
5s] Turnkey Projects - In the case of turnkey projects the activities right from selection of project till project completion is carried out by Company.
The Comp. has executed numerous assignments for small and medium size projects with most of them having been established successfully & 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 houses] Dhakad Metals P Ltd : Zinc Sulphate Igatpuri Alloys [Indias] 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% E0Us] Sonu Synthetics Ltd : Textile [weaving and spinnings] Vera Pharma P Ltd : Pharmaceuticals
B: Advisory services
The Comp. is already engaged in this area & has rendered advisory services in the following fields:-
1s]Management audit
2s]Debt/Equity Research
3s]Legal advisory services
4s]Capital restructuring
5s]Resources mobilisation
6s]Working Capital management
7s]Capital budgeting
8s]Tax planning
9s]Management services & 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 & Security Trading
The Comp. is registered with SEBI as a stock broker and has been from time to time investing surplus funds in shares & securities & plans to continue the same on which it expects a handsome return. The investment in shares & securities is based on strong fundamental analysis of company. Brief details of 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 & then the timing of purchase & 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 Comp. reflecting a rise of more than 70%.