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NCC Finance Ltd. Company History and Annual Growth Details

M/S NCC FINANCE LTD., having its Registered Office in Hyderabad, was incorporated on 20th June, 1994 as a Public Limited Company under the Companies Act, 1956. The Company has obtained Certificate for commencement of business on 11th August 1994.

PRESENT BUSINESS OF THE COMPANY

The Company is a Non-Banking Financial Company. Its main activities include Hire Purchase, Lease Financing, Bill discounting, investments in stocks, intercorporate deposits etc.

The Company was established to provide a safe and secure investment for the shareholders through a professional management. In the long run, the Company aims to build up a sound financial base with constant returns to the shareholders and depositors. The Company is confident of
achieving its goal without any problems.

The Company had began its operations in August 94 and had earned an income of Rs 5,08,568 and profit after tax of Rs 1,82,949(for the year ended 31.3.95).

The main activities of the Company and levels of operations (as on 30.6.95) are as follows:

(Rs in Iakhs)

Lease disbursements 12.00

Hire purchase disbursements 23.00

Bills discounted 163.00

Investments in shares/
debentures 44.00

The Company's operations are in a nascent stage vis a vis the other established N.B.F.C's.

The Company is confident of achieving the following levels of operations and income in the first full year of operations i.e 1995-96.

(Rs in lakhs)
Lease disbursements 160.00

Hire purchase disbursements 682.00

Bills discounted 100.00

Investments in shares/
debentures 69.00

In the year 1995-96 the company is planning to deploy Rs 108 lakhs in the construction of safe deposit lockers.

Income projected for 1995-96

(Rs in lakhs)
Lease 40.00

Hire purchase 81.00

Income from Investments &
trading in securities. 30.00

Income from bill discounting 24.00

Income from non fund based
services 5.00

Income from locker deposits 25.00

The main areas of operations of the Company will be the state of Andhra Pradesh, where the Company plans to open branches in all the district headquaters/important towns in a phased manner in addition to this the Company proposes to open branch offices/regional offices at the important financial centres of the Country.



2000 - The Board has approved the issue of 9,00,000 No. of equity shares
of Rs 10 each under the Employee Stock Option Scheme.


2006

-Delist equity shares from Hyderabad Stock Exchange Ltd (HSE) with effect from March 29, 2006.
 
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