The Company was incorporated under the name and style of Mercury
 Metals Pvt.Ltd.  on 4th July, 1986 under the Companies Act, 1956 and
 by virtue of Section 43A(IA) of the Act, the Company became deemed
 Public Limited Company with effect from 9th February, 1994.  The
 company adopted fresh Articles of Association by passing a Special
 Resolution on 11th November, 1994 in Extra Ordinary General Meeting. 
 The name of the Company was changed to Mercury Capital Limited by
 virtue of special resolution passed at the General Meeting held on
 1st February, 1995.  Consequent to the change of name, a fresh
 Certificate of Incorporation was issued by the Registrar of
 Companies, Gujarat on 17th February, 1995.
 
 The Company was incorporated with main object to undertake business
 of dealing in metal and metal scraps.  The Company has started
 trading since its inception in various type of ferrous and
 non-ferrous metals and metal scraps.
 
 The company has diversified in the field of finance and securities in
 the year 1994 for better utilisation of funds available with the
 Company.  At present the company is engaged in providing fund based
 financial services which includes mainly Lease Financing and dealing
 in shares and securities.  The Company has started investment
 activities and is negotiating to finalise some lease proposals with
 reputed clients.