SENSEX NIFTY
CFL Capital Financial Services > Company History > Finance - Leasing & Hire Purchase > Company History of CFL Capital Financial Services - BSE: 511272, NSE: CEATFIN
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - LEASING & HIRE PURCHASE > COMPANY BACKGROUND - CFL Capital Financial Services
CFL Capital Financial Services
BSE: 511272|NSE: CEATFIN|ISIN: INE481A01014|SECTOR: Finance - Leasing & Hire Purchase
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Nov 26, 16:15
2.61
0.04 (1.56%)
VOLUME 89,610
CFL Capital Financial Services is not traded in the last 30 days
Company History - CFL Capital Financial Services
YEAR                                                            
 EVENTS
 1983 - The Company was incorporated on 23rd September, in the name
 of
        Samudra Mahal Investments Ltd., promoted by Philips Carbon
 Black
        Ltd.  The Certificate of Commencement of Business was
 obtained
        on 8th November.
 
      - The Company's object is providing hire purchase finance and
 lease
        finance for plant and machinery, office equipment and vehicles
 to
        industrial undertakings, contractors etc.  Also financing 
        purchase of consumer durables, motor vehicles and two
 wheelers.
 
      - The Company entered into a Name Licence agreement with Ceat
        Ltd., having diverse interests in the fields of automotive
 tyres
        and tubes, glass fibre, consumer electronics and nylon tyre
 cord. 
        Pursuant thereto, the name of the company was again changed
 to
        Ceat Financial Services, Ltd., effective 29th January, 1990. 
 It
        is an RPG enterprise and as per a licence, agreement entered
 into
        with them, used the RPG mark.
 
      - The Company is presently engaged in the business of providing
        hire purchase finance and lease finance for plant and
 machinery
        office equipment and vehicles to industrial undertakings.  It
 
        also carries on the business of providing consumer credit to 
        finance the purchase of consumer durables etc.  The Company
 also
        commenced business of trading in securities and bills
        discounting.
 
 1986 - Name of the Company was changed to Samudra Leasing Ltd.,
        effective 22nd May.
 
 1990 - 170 No. of equity shares and 100 - 11% pref. shares taken up
 by
        promoters, directors etc.  9,99,830 No. of equity shares of
 Rs.10
        each were then issued at par of which 3,20,000 shares
 reserved
        and allotted on a firm basis to Philcarb Investments and 
        Industries Ltd., on shore investments Ltd., Carnival
 Investment
        Ltd., BNE Investments Ltd, another 79,800 No. of equity
 shares
        reserved for preferential allotment to employees and directors
 of
        the company and those of Phillips Carbon Black, Ltd., their
        friends etc. but only 20,800 shares taken up.  The balance 
        6,00,000 shares, along with 59,030 shares not taken up by 
        employees, etc. were offered to the public in August, 1986.
 (all
        were taken up), pref. shares redeemable on or before 15th June
 
        1998.
 
 1991 - The Company had set up Merchant banking division.  It also 
        proposed to enter into portfolio management service and OTC
        membership, bills discounting.
 
      - The company proposed to issue 57,15,000 - zero interest fully
        convertible debentures of the face value not exceeding Rs.17
 per
        debenture as rights to the equity shareholders in the prop. 1
        debenture : 1 equity.
 
      - Another 19,05,000 - zero interest fully convertible
 debentures
        of the face value not exceeding Rs.17 per debenture were to
 be
        offered on a preferential basis to the group companies of the
        promoters.
 
      - Each debenture was to be converted into one equity shares of 
        Rs.10 each at a prem. not exceeding Rs.7 per share at the end
        of 12 months from the date of allotment of debentures or
 earlier
        as may be decided later.
 
      - The Company proposed to issue 144,00,000 - zero interest
 fully
        convertible bonds of the face value not exceeding Rs.25 per
        debenture as under:
 
      - (i) 59,50,426 debentures reserved for firm allotment to Ceat
        Investments, Ltd., Ceat Finance Co. Ltd., CTI Investments,
 Ltd.,
        Malabar Coastal Holdings, Ltd. and Atlantic Holdings Ltd., or
        their nominees, Indian resident directors, their friends and
        relatives and business associates.
 
      - (ii) 14,40,000 debentures reserved for preferential allotment
 to
        the shareholders of the group companies (unsubscribed portion
 
        out of this quota was to be added to the public offer).
 
      - (iii) 14,40,000 debentures reserved for preferential
 allotment
        to Mutual Funds (unsubscribed portion of this quota was to be
        added to the public offer).
 
      - (iv) 20,800 debentures reserved for preferential allotment to
 the
        employees (including Indian working directors)/workers of the
        company (unsubscribed portion of this quota was to be added
 to
        the public offer.
 
      - (v) 55,48,774 debentures, along with the unsubscribed
 portions
        of (ii), (iii) and (iv) above, were to be offered for public
        subscription.
 
      - Each debenture was to be converted into one equity share of 
        Rs.10 each at a prem. not exceeding Rs.15 per share at the
 end
        of 12 months from the date of allotment of debentures.
 
      - In the event of the company making a bonus issue of equity
 shares
        prior to the allotment of equity shares resulting from the
        conversion of debentures, the respective entitlements to
 equity
        shares of the debenture holders shall stand augmented in the
 same
        prop. in which bonus shares are issued.
 
      - In the event of the company making a rights issue of
 securities
        prior to the allotment of equity shares as resulting from the
        conversion of the debentures, the debenture holders shall
 also
        be offered securities as may be determined by the Board of 
        Directors.
 
      - 6,500 No. of equity shares forfeited.  These were reissued at
 par
        subsequently.
 
 1992 - In Feb. 21,00,000 rights equity shares offered at par (prop.
        21:10).  Additional 3,15,000 shares allotted to retain over
        subscription.  20,00,000 No. of equity shares then issued for
 
        cash at par of which 2,05,000 shares reserved for
 preferential
        allotment to employees but only 26,500 shares taken up.  The
        balance 17,95,000 shares, along with 1,78,500 shares not
 taken
        up by employees were offered to the public in February.
        Additional 3,00,000 shares allotted to the public to retain
        oversubscription.
 
 2001 
 
 - The Company is hiving off its primary dealership business in
 government securities.
 
 2008
 
 -Email i.d for Investors:cfl-shhldgrievance@rpg.in
Source : Dion Global Solutions Limited
Quick Links for CFL Capital Financial Services
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.