- Calcutta-based public limited finance company.
- Deals in Leasing, Loans & Advances, Corporate Deposits,
Dealing in Shares and Securities, Providing Financial Consultancy and Advisory Services.
- Also provides consultancy services (preparation of project
reports, capital structuring etc).
- Bharat Hydro Power Corporation is one of the major clients
to the company.
- Taken up investments in stock broking, which seems to be
growing.
- Two main promoters: Mr. Pavan Jain and Daulat Jain who have
good experience in Issue Management, Project Counseling, Investment Consultancy, Taxation
and Stock Broking.
- Total income increased from Rs.5.4 million in 1994-95 to
nearly Rs.7.28 million in FY99. The half-year closed on Sept 1999 with Rs.7.19 million.
During the same period, the net profit increased from Rs.0.14 million to Rs.0.335 million
and in the half year it stood at Rs.1.078 million.
- The company is in an industry that is known for its lack of
transparency. Investors would do well to avoid this issue.
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