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RLF Ltd.

BSE Live

Oct 25, 16:00
3.99 -0.21 (-5.00%)
Volume
AVERAGE VOLUME
5-Day
1,008
10-Day
751
30-Day
1,075
776
  • Prev. Close

    4.20

  • Open Price

    4.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

RLF is not listed on NSE
Company History - RLF
The company was incorporated on April 2, 1979 as Raksons  Finance 
 Private Limited and subsequently converted into a Public  Limited 
 Company  and change of name to Raksons Leasing and Finance  Ltd.,
 vide  fresh certificate of incorporation issued by the  Registrar  of
  Companies,  Delhi  &  Haryana,  dated  26.12.1985  under  the 
 Companies Act, 1956 and then the name of the company was  changed  to
  RLF  Ltd.,  vide fresh  certificate  of  incorporation  dated 
 02.03.1994.
 
 RLF  Limited  is engaged in the business of  financial  services, 
 hire purchase and leasing proposes to diversify in to cultivation 
 and canning of 1890 tpa of white button mushrooms in the assisted 
 sector  with Haryana Agro Industries Corporation Ltd  (HAIC)  and 
 financial  cum  technical collaboration with Dalsem  Veciap  b.v. 
 Agro  Industries, Holland, at 14 Km Stone, Gurgaon Pataudi  Road,
 Dist.: Gurgaon, Haryana.
 
 RLF  has  served a niche for itself over the years  by  providing 
 various  financial services under one roof. The clientele of  RLF 
 include  established industrial groups like Flex Industries  Ltd, 
 DLF  Universal  Ltd, Kwality Ice Cream, Inalsa Limited  etc.  and 
 their  portfolio comprise mainly of auto units and capital  goods 
 industry.  RLF has decided to discontinue leasing,  hire-purchase 
 activity  w.e.f.  1st  April  1994,  as  they  now  proposes   to 
 concentrate on their mushroom project.
 
 Promoters: RLF was promoted by Shri. R. K. Khanna.
 
 PROJECT
 RLF  has now embarked upon a project for growing Mushrooms  under 
 total environment control in technical collaboration with  Dalsem 
 Veciap  b.v  Agro  Industries Holland and  with  assistance  from 
 Haryana Agro Industries Corporation Ltd. (HAIC). The project will 
 have a capacity of 1890 tons P.A. of fresh white button mushrooms 
 under optimum conditions.
 
 TECHNICAL CUM FINANCIAL ARRANGEMENTS 
 RLF  has entered into technical-cum-financial collaboration  with 
 DALSEM  VACIEP  b.v. HOLLAND for supply  of  technical  know-how, 
 critical  machinery and for worldwide marketing of  the  produce. 
 The  collaboration agreement is for an initial period of 5  years 
 w.e.f.  4th  June 1993 with a clause for further extension  of  5 
 years at mutually agreed terms.
 
 FINANCIAL ARRANGEMENT
 DALSEM  shall subscribe in cash at par for such number of  equity 
 shares  of  RLF which shares will be equal to 10%  of  the  total 
 number  of equity shares, subject to a ceiling of Rs Ninty  Lacs. 
 However,  these shares will either be subscribed for directly  by 
 Dalsem  at  the  time  of the issue of new  capital  or  will  be 
 purchased by them from the Promoters, later on, after the opening  of
 Letter of Credit for purchase of supplies.
 
 DETAILED OF OTHER GROUP COMPANIES
 United Leasing Limited (ULL). 
 ULL was incorporated in January 1983, as a public limited company 
 and commenced business in December 1983. The main business of ULL  is
  the giving of all kinds of equipments on lease/hire  purchase  and 
 to  carry on the activity of  providing  financial  services
 including Merchant Banking and other allied activities.