Company OverviewPresent Business activity of the Company
The company operates in the single business segment of trading in various type of Iron and Steel. At present, the company is trading in various types of steel products as well as sale of steel products on commission basis. Further, in the anticipation of growing demand of steel and steel products in future due to the development of various infrastructure and housing projects and is further planning to add on the mode of distribution of products in the market via direct sale to the customer along with consignment sales. The Company also has a franchisee of M/s Jindal Steel & Power Limited for trading in steel.
During the financial year ended March 31, 2017 the company had revenue of Rs. 92 Lacs from its present business activities out of the total revenue of Rs. 1.32 Crores i.e. the total revenue comprises 70.12% of the revenue from the present business activities of the company. The company had a profit of Rs. 29.58 Lacs during the financial year ended March 31, 2017 i.e. Increased by 50.67 % from the previous fiscal year ended on March 31, 2016.Key events, Milestones and achievements since Incorporation:
- Received Certificate of commencement of Business from the Registrar of Companies, Punjab, H.P. & Chandigarh on September 12, 1995.
- Brought its Initial Public Offer on February 11, 1997
- Listed on Ludhiana Stock Exchange Limited w.e.f. April 04, 1997
- Listed on Delhi Stock Exchange Limited w.e.f. April 05, 1997
- Listed on Ahmadabad Stock Exchange Limited w.e.f. April 07, 1997