Dazzel Confindive limited [DCLs] was originally incorporated on 21st October 1992 under the Companies Act 1956 with the main objective of interalia, carrying on the business of Real Estate development, Construction, Housing & dealing in pharmaceutical & consumer products. The company obtained the certificate of commencement of business on 2.11.92 & started the construction business. The company obtained Contractor Registration with P.W.D under 'B' class on 20/2/93 & was allotted a construction contract of Rs 6 Lacs by Municipal corporation Jaipur. The work of above contract has been completed. The Comp. in its first year of operation only for 5 months ending 31.03.93 was working on construction projects worth Rs. 9.87 lacs which were under progress as on 31.03.93.
In second full year of operation ended 31.03.94 the company sold residential houses after construction of Rs.5.30 lacs and executed construction works of Rs.13.40 lacs & work in progress was Rs.23.78 lacs as of 31.03.94.
The Comp. earned a gross profit of Rs.1.17 lacs in its first full year of operation. During the current year the company is doing construction business in full swing.
In September 1994, the Comp. envisaged the idea of expansion & diversifying into the lucrative areas of finance, leasing & financial services & accordingly the Company took the ancillary objects no. 46 & 47 vide Board Resolution dated 22.09.94 & other objects no.21 and 44 vide Board Resolution dated 01.11.94 as main business of the Comp. & were subsequently approved in the extraordinary general meeting duly held on 29.11.94. The Company has planned to expand its present activities of Real estate development, construction & investment in shares & securities diversifying into the areas of leasing & financial services. The Board of Comp. has inducted finance & construction related professionals.
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MAIN OBJECTS OF THE COMPANY -- The main oblects of Comp. are as set out in the Memorandum of Association of Comp. & inter-alia include the following 1 - To purchase, sell, acquire, get, mortgage, hypothecate, pledge, transfer, convert, develop, enlarge, exchange, improve, erect, fabricate, cultivate, build, construct, reconstruct, demolish, pull down, hire, remove, replace, re-erect, alter, repair, maintain, decorate, furnish, contract, & to give as security & to act as agents, brokers, contractors, architects, designers, serveyors, planners, engineers, decorators, fabricators, consultants, valuers, financers & to take & give on lease and/or sublease or otherwise deal in immovable properties whether in India or abroad, whether on Company Acc. or on other Acc. & whether severally or tointly with other personl parties for immovable properties consisting of all kinds of land, estate, buildings, mines, querries, roads, bridges, dams, canals, wells, water cources, sever lines & drainage, railway station & sidings, reservoirs, hospitals, dispensaries, nursing homes, houses, commercial nd residential complexes & appartments, markers, shops, factories, mills, works, hotels, dharmashalas, guest houses, restaurants, cinema houses & theatres, educafional centres,schools, colleges, libraries, research centeres & institues, laboratories, hostels, health clubs & centres, temple, mosques, churches, gurudwarars, farm houses, farms, gardens, parks, amutement centres, play grounds, stadiums & to do, perform & provide all services, responsibilities & duties on Company own behalf and on other behalf & to provide & accept services for the habitants, tenants, owners, residents, citizens, & guests relating to electricity, water, telecommunication, secretarial, waiting room, reading room, lavatories, intercommunication equipments & air conditioning equipments.
2.To build or construct or otherwise take on lease, purchase, acquire or maintain in any manner whatsoever any apartments, houses, flats, rooms, shops, huts, or other accomodations for men or animals & to let or dispose of seme on instalment basis, rent- purchase basis or by outright sale whether by private agreement or in any other mode of lawful deposition to act as dealer, broker or agent for purchase, sale or other dealing in land, building in land, building schemes & other structures.
3~To carry on the business of manufacturers, processors, packers, traders, dealers, distributors, importers & agents or to deal in any other manner [including loan licensing basiss] branding of any or all types of varieties, formulaes & kinds of drugs, medicines, therapies & pharmaceuticals & to carry on the business of importers, exporters, sellers, stockists, distributors, commission agents, order booking agents, forwarding agents, buyers or otherwise dealers in all kinds of oils, hair oils, cosmetics and perfumery products, toilet requsites, soaps, detergent products, bafarced foods, baby foods of a/I k~nds, medicines, pharmaceuticaf preparations, a/I types of eatable food products, frn~ products, farm products, chemicals, all kinds of article, goods, merchandise, commodity & products. The following ancillary objects no. 46 & 47 has been taken as main business of Comp. vlde Board resolution passed in Board Meeting held on 22nd September 1994 & duly approved in Extra-Ordinary General Meeting held on 29.11.94. As advised by Registrar of Companies Rajasthan, Jalpur at the time of filling Prospectus, object clause shall be amended suitably U/S 17 of Companies Act in due course 1 -To carry on the business of investment leasing company, hire purchase company, floance & to undertake and/or arrange all types of leasing & hire purchase business relating to all kinds of machinery, plant, equipment, ships, vehicles, aircrafts, rolling stock, computers, electronic data processing machines, storage tanks, toll roads & bridges, communication satellites and communication lines, factories containers, books in the form of technical knowbow or otherwise, computer software, movable and immovable property of all kinds & description. 2.To invest or cause to be invested the capital of Comp. or funds of Comp. or any fund raised by Comp. for the purpose of investment, & to invest in stock or to acquire, or to hold or sell, buy or otherwise deal in shares, bonds, units, obligations & other securities of any Comp. or securities issued by any Government or any lawful authority & to acquire any such shares, stock, debenture- stock, bonds, note, obligations or securities by original subscription, contract, tender, purchase, exchange, underwriting or otherwise & whether or not fully paid, and to subscribe for same subject to such terms & conditions [if anys] as may be thought fit & also as provided in the provisions of the law.
The following other objects no. 21 & 44 has also been taken up for doing the new financial services business in broad terms vide Board Resolution Dated 1.11.94 & duly approved vide special resolution passed in Extra-Ordinary General Meeting held on 29.11.94. 1 -To carry on the business as agents [whether as commission agent, Selling Agent, Purchase agent or otherwises] secretaries treasurers, registrars & share transfer agent of any company, association or other undertaking & without limiting the generality of the foregoing to supply & provide, maintain & operate for the benefit of any person, company, trust, institution, association, society or other undertaking, services, facilities, conveniences & the like, whether accountancy, administrative, advisory, commercial, financial, legal, personnel, insurance, technical or of any other nature & to act as agents for air shipping lines & to do or render such other services as are incidental thereto.
2.To carry on the business of engineers, researchers, technicians, designers, planners, estimators, advisors, erectors, project reporters and to supply know-how for all types of industries, business, ompanies, services & other public bodies & Government. **********************
PRESENT BUSINESS
CONSTRUCTION and REAL ESTATE DEVELOPMENTS
Presently the construction activities of Comp. are located in the prime business area of Jaipur city.
The Comp. has successfully completed 10 housing projects comprising 1515 sq. yards & contracts worth Rs.50 lakhs during last two years. Presently the Comp. is involved in residential construction project on a land of 3600 Sq.fts which is scheduled to be completed by March'95.
The Comp. has already purchased further 18,900 sq.ft. land on sale agreements in Jaipur City [including one plot of 6300 Sq.feets, opposite Stock Exchange, Jaipurs] for development & construction of residential projects.
The Comp. has retained services of M/s G.G. Consultants, a Civil Engineering Firm for purpose of work of civil engineering.
LEASING and HIRE PURCHASE
The Comp. started the business of Leasing and Hire purchase in the month of Sept., 1994. It provides lease finance mainly for vehicles, plant and machinery, office equipments etc. to its clients. The Comp. has leased out Assets of Rs.12.22 Lacs as on 30.11.94.
INTER CORPORATE DEPOSITS and SHORT TERM FINANCE
The Comp. parks its cash surplus from time to time as ICD/S.T.F. to Corporate Houses/business houses businessmen.
Outstanding Short Term Finance as on 30.11.94 is Rs.11.95 lacs.
SECURITIES TRADING AND INVESTMENTS
The Comp. is engaged in the area of purchase & sale of shares & debentures from the stock market to derive possible short term, medium term & long term benefits onmthe basis of fundamental & technical analysis of the Companies at periodic intervals. Gross Income from Trading in shares and securities were Rs.1.93 lacs for period ending 30.11.94.