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Magnum Ventures Ltd. Company History and Annual Growth Details

Incorporation and Initial Progress

Magnum Ventures Limited was originally incorporated as Magnum Papers Private Limited
vide Certificate of Incorporation No. 55-10492 dated May 29, 1980 issued by the Registrar of
Companies, Delhi and Haryana, New Delhi. Mr. Siddarth Deshraj, Dr. (Mrs.) Satyawati Deshraj
and Mr. Arvind Mohan Deshraj were the subscribers to the Memorandum and Articles of
Association. The Company was subsequently taken over by Mr. Salek Chand Jain vide a
Memorandum of Agreement dated 15th July 1986 executed between Mr. Salek Chand Jain
on one part, and Mr. Siddarth Deshraj & Dr. (Mrs.) Satyawati Deshraj on the other part. The
Company was taken over by the current promoters by transfer of ownership through transfer
of equity shares in the Company.

The Company was converted into a public limited company vide a special resolution dated
February 15, 1995 and a Fresh Certificate of Incorporation dated May 31, 1995 obtained in the
name of Magnum Papers Limited from the Registrar of Companies, Delhi and Haryana, New
Delhi. The name of the Company was further changed to Magnum Ventures Limited, and a fresh
Certificate of Incorporation dated November 15, 2006 was issued by the Registrar of Companies,
NCT of Delhi & Haryana, New Delhi.

The Company has its Registered office at 'Magnum House', 3/4326, Ansari Road, Daryaganj,
New Delhi - 110 002.

The Company's manufacturing facilities for Paper is split into three units; Unit I situated at Plot
No. 18/29, 18/30 & 18/31, Site-IV, Industrial Area, Sahibabad, Ghaziabad, Uttar Pradesh
produces Writing & Printing paper; Unit II for producing Duplex Board and Unit III for producing
Writing & Printing paper are both situated at 18/41, Site-IV, Industrial Area, Sahibabad,
Ghaziabad, Uttar Pradesh.

The Company's Hotel is proposed to be built on Plot No. 64/6 (comprising sections 3,4,5 & 6)
and, Plot No. 64/5, Site-IV, Industrial Area, Sahibabad, Ghaziabad, Uttar Pradesh.
Major Events in the history of the Company are as follows:

YEAR MAJOR EVENTS & MILESTONES

1980 Incorporated as Magnum Papers Private Limited on May 29, 1980 with the
Registrar of Companies, Delhi & Haryana.

1982 Paper Mill set up with an installed capacity of 1,185 MT per annum.

Commercial production commenced in December.

1984 The Company was taken over by Mr. Salek Chand Jain (the father of the
present promoters) along with his sons.

1990 Machine was upgraded and modified for manufacturing of Creamove and
Board paper.

Capacity enhanced during the year by 2,400 MT per annum i.e., aggregate
capacity being 3,585 MT per annum.

1994 Purchase of Land situated at Plot No. 18/29 and 18/30 adjoining Plot No.
18/31, Site IV, Industrial area, Sahibabad, Ghaziabad, Uttar Pradesh.

Expansion of capacity by 23,000 MT per annum i.e., aggregate capacity
being 26,585 MT per annum.

1995 Became a Public Limited Company on May 31, 1995 with the Registrar of
Companies, NCT of Delhi & Haryana.

Sub-division of face value of Equity Share of the Company from Rs. 100/- to
Rs. 10/-.

Bonus Issue to existing shareholders in the ratio of 11 equity shares for
every 6 equity shares held.

1996 Purchase of Land situated at Plot No. 18/41 Site-IV, Industrial Area,
Sahibabad, Ghaziabad, Uttar Pradesh, and a separate manufacturing unit
(Unit II) set up for manufacturing Duplex Board, having an installed capacity
of 5,000 MT per annum i.e., aggregate capacity being 31,585 MT per annum.

1997 DG Set installed for 100% power backup in case of failure and cuts of Grid
power.

1999 Set up a Creamove manufacturing unit (Unit III) with a capacity of 11,415
MT per annum at Plot No. 18/41 Site-IV, Industrial Area, Sahibabad,
Ghaziabad, Uttar Pradesh i.e., aggregate capacity being 43,000 MT per
annum.

Purchase of Land situated at 64/6, Site-IV, Industrial Area, Sahibabad,
Ghaziabad, Uttar Pradesh to cater to the space requirements for Finishing
House.

2002 Manufacturing unit at 18/29-30, Industrial Area, Sahibabad was upgraded
and modified. Capacity increased by 10,000 MT per annum i.e., aggregate
capacity being 53,000 MT per annum.

2004 Duplex Board manufacturing machine installed at Plot No. 18/41, Industrial
Area, Sahibabad, upgraded and modified, and capacity increased by 27,000
MT per annum i.e., aggregate capacity being 80,000 MT per annum.

2005 4.3 MW Captive Power Plant successfully installed.

De-inking Project commenced.

Upgradation and modernization of Paper unit planned. Project appraised by
PNB and term loan of Rs. 35 lakhs sanctioned.

Installed capacity increased by 5,000 MT i.e., aggregate being 85,000 MT
per annum.

2006 Awarded ISO 9001:2000 certification on March 23, 2006 for quality
management systems, by URS Certification Ltd., a JV partner of United
Registration of Systems, United Kingdom.

Amalgamation of the Company's two subsidiaries viz., Bachins India (P) Ltd.,
and Bisonic Engineers Private Limited with Magnum w.e.f 1.4.2006, vide
Order dated 1.11.2006 of the Hon'ble High Court of Delhi.

Purchase of Land situated at 64/5, Site-IV, Industrial Area, Sahibabad,
Ghaziabad, Uttar Pradesh to cater to the space requirements for Finishing
House.

Diversification into Hotel business by setting up a Hotel Division. Plans afoot
to construct a 212 room 4 Star Hotel in Sahibabad. Project apparised by
Punjab National Bank, and term loan of Rs. 70 crores sanctioned by a
consortium of banks comprising PNB: Rs. 20 crores, OBC: Rs. 20 crores,
Syndicate Bank: Rs. 15 crores and IOB: Rs. 15 crores.

Name of the Company changed to Magnum Ventures Limited.

2009

- Magnum Ventures Limited has informed that Mr. Sanjeev Kumar Agrawal has been Appointed as Company Secretary of the Company w.e.f. December 01, 2008 in place of Mr. Nitin Jain who resigned from the post on November 29, 2008.
 
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