Abhishek Securities

Contact  : Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com We are buying shares in the following companies at the rates mentioned below. Share Name Price ICICI Pru Life Rs. 180 ICICI Lombard General Insurance Rs. 120 Ratnakar Bank Limited Rs. 160 Catholic Syrian Bank Rs. 155 Tamilnad Mercantile Bank Rs. 65000 Bharat Nidhi Rs. 5250

NBI Industrial Finance Limited , Strand Road, Kolkata-700001 NBI Industrial Finance Limited was originally incorporated in Lahore in 1935 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr. Kohli were the original promoters. After 1947 the Registered office was shifted to New Delhi. To provide for the losses due to partition the face value of the share was reduced from Rs. 10 to Rs. 5 . Later, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation. The Registered Office of the Company was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10. Share Capital : Rs. 1 cr 12 lakh Reserves : Around Rs.11 cr  NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it...

Gujarat NRE Mineral Resources Limited Bonus Issues (26.5.2013) Board Recommends Bonus Shares (26.5.2013)  Keeping with Gujarat NRE Group’s policy towards creating value for its investors, the Board of Directors proudly recommends issue of Bonus Shares in the ratio of 1:2 i.e. one equity share of Rs. 10/- each to be credited as fully paid-up for every two existing equity shares of Rs. 10/- each of the Company. In the interest of the Company and its non-promoter shareholders, the promoter of the Company Mr. Arun Kumar Jagatramka, his family members and the entities belonging to the group, have decided to waive their respective entitlements to receive Bonus Shares as aforesaid. Accordingly, the Bonus Shares would be issued to non-promoter shareholders only. Consequently, post issue of Bonus Shares, the stake of the promoter group in the Company would come down from present 89% to around 82%. The aforesaid recommendation of Bonus shares is subject to the sh...

ANNUAL  REPORT  OF  RAMARAJU SURGICAL  COTTON  MILLS  LIMITED  FY 2013-14 Particular 2014 2013 %  change Share capital 19733000 19733000 nil Reserves  &  Surplus 547273000 387615000 41.18% Profit before tax 265755000 241555000 10.01% Tax expense 99171000 16088000 516.42% Profit after tax 166584000 225467000 (26.11)% E.P.S 84.42 114.26 (26.11)% Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

MTS India / Shyam Sistema Telecom (SSTL) reported revenue of Rs 3.2bn, growth of 6.4% QoQ on the back of 6.8% traffic growth and 8.9% data revenue growth . After the cleanup of inactive subscribers, subscriber base contracted by 8% to 9.04mn while MOUs grew by 11% QoQ. Despite low base, SSTL traffic growth is equal to the incumbent’s growth of 5-8%. ARPU grew by 10.3%, which could be partly attributed to the inactive subscriber cleanup. Voice RPM continues to languish at a 40% discount to incumbents at INR 0.20, dropping 1.6% QoQ Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

The Mid-East Integrated Steel Ltd (MISL), the first steel project in the private sector at Kalinga Nagar in Jajpur years before the place was hailed as the steel hub of Odisha, is readying to shut shop. With the State Government not taking up renewal of Roida-I iron ore mines, the steel plant has run out of raw material and is facing imminent closure. Roida-I mines was leased in favour of MISL and happens to be the only source of iron ore for the project. The MISL was operating it under the deemed extension mode during the second renewal period. However, the mine was closed down, along with 25 others, from May 15 following an order from the Supreme Court. While eight of the mines which were closed down following the apex court’s directive have resumed operations after express orders were passed for renewal of their lease by the Government, the same has not been done for Roida-I, leaving MISL’s fate uncertain. Interestingly, the Indian Bureau of Mines, Nagpur has already...

Equity investment from UK DFI will support expansion strategy and take agribusiness, financial inclusion and SME lending activities to underserved states - CDC Group plc (‘CDC’), the UK’s development finance institution, has announced a US$28m equity investment in Ratnakar Bank (‘RBL Bank’) in India. The investment, which sees CDC take a 4.8% stake in the bank, will support RBL Bank’s expansion into new regions of India and is CDC’s first direct equity investment into a bank in India under its new strategy. Founded in 1943, RBL Bank was traditionally concentrated in Maharashtra, Karnataka and Goa. In 2010, however, a new management team was brought in to pursue an expansion strategy focusing on financial inclusion, agribusiness financing and lending to small and medium-sized enterprises (SMEs), as well as increasing the bank’s geographic footprint. Today the bank has a total business size of over US$3.5bn and offers its services to over 500,000 customers. CDC’s investment will ...

Odisha -based Mideast Integrated Steel Ltd is planning to treble its capacity to 3.5 million tonnes in the state with an investment of about Rs 8,000 crore, a top company official said.  The company, also known as Mesco Steel, has a hot metal production capacity of about 1.2 MT, through which it makes pig iron.  "3.5 MT capacity includes existing 1.2 MT capacity. It will take 3-4 years, we will go step by step. We already have land. We are moving for environment clearance and have submitted all the papers," Mesco's chairperson and managing director Rita Singh said on the sidelines of an  Assocham  event.  She said the company will expand its capacity in two phases and the company has secured approvals for the first phase, which will increase the capacity to 2.25 MT.  "That will require about Rs 7,000-8,000 crore (investment). That will be funded through debt for machinery and some other debt to be raised. So we can go to 2.25 MT first and then to 3.5 MT," ...

Reuters reported that Essar Oil, a key Indian buyer of Iranian crude, imported about 13.8% less oil from the OPEC member in February compared with the previous month. Essar's overall shipments from Tehran in the first 11 months of the contract year beginning April 1st 2013 totalled 94,100 barrels per day, marginally lower than the year earlier. India, Iran's top client after China, imported about 36% less oil from Tehran in February than in January because of efforts to meet US requests to restrict purchases from Tehran to 195,000 barrels per day in the 6 months to July 20. Government sources said earlier this week that billionaire Ruias promoted Essar Group, which also operates steel plants in Canada and the United States, could lift 30% more Iranian oil than the contracted volumes of 80,000 barrel per day for this fiscal year. Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  ...

Otis  Elevator Co., the manufacturer and service provider of elevators, escalators and moving walkways, regained its No. 1 position in the sector in India last year. A unit of  United Technologies Corp.  of the US, it had lost its No. 1 position to Johnson Lifts, a Chennai-based company, six years ago. Going down In India, Otis’s legacy began with the installation of the nation’s first elevator at Kolkata’s Raj Bhavan in 1892, which is still running in its original birdcage form. Ever since Otis India’s inception in 1953, the company has enjoyed a high market share and top-of-mind brand awareness. However, as competition (both local and global companies) entered the market, with faster deliveries and cheaper products, Otis India started losing its market share. In 2008, the company lost its No. 1 position. One of the reasons for slower response at Otis India was that operations were centralized and, therefore, a lot of activities went under the scanner of the head o...

State-owned MSTC Ltd was hopeful of recovering Rs 600 crore unrealised from overseas buyers for gold jewellery sales in 2008-09.  "We are making progress on the recovery process. We are winning some of the cases and most of the verdicts are in our favour," MSTC Chairman and Managing Director S K Tripathi said here today.  Speaking on the sidelines of a session of the  Bharat  Chamber of Commerce he said that though the legal process was time consuming recovery was expected to take place.  A parliamentary committee in its report had said that MSTC sold Rs 638 crore in gold jewellery to 47 foreign buyers through six  Mumbai -based sellers in 2008-09.  Of this, Rs 599 crore remained outstanding from 46 foreign buyers in  UAE , Kuwait and  Singapore  who had cited economic slowdown as a cause of failure to repay, the panel noted. Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of expe...