| DCM Financial Services Ltd. (DFS) was incorporated as
Tanvi Leasing and Finance Pvt. Ltd. on 13th February,
1991. The name was subsequently changed to DCM Financial
Services Pvt. Ltd in February 1992 to reflect the fact of
its DCM pedigree as also the nature of its business.
There after the Company became a public Company in July 1993
under the provisions of Sec. 43-A of the Companies Act,
1956. Thereafter Shareholders of the Company passed a
Special Resolution on 3rd June, 1994 for deleting the
restrication clause under the Section 3(1)(iii) of the
Companies Act, 1956 and as such Company became fully Public
Limited Company within the meaning of Section 3(1)(iv) of
the Companies Act, 1956. The Company commenced its
operations in April 1991.
The Company belongs to the DCM Ltd. group, which was
earlier a part of the DCM group established in the year
1889. The DCM group was split up into four groups in the
year 1990, one of them being the DCM Ltd., a group headed
by Dr.Bharat Ram. Over the years DCM has grown into one of
the leading multi-product conglomerates of the country. The
business interests of DCM Ltd today include Textiles,
Engineering, Automobiles, Electronics and Real Estates
amongst others. DFS is a subsidiary of DCM International
Limited, which inturn is wholly owned subsidiary of DCM
Ltd.
The Company is a Non-Banking Financial Company and is
governed by the Non- Banking Financial Companies (Reserve
Bank) Directions, 1977, issued by the Reserve Bank of
India.
PRESENT ACTIVITIES OF THE COMPANY
The Company commenced its operations in February, 1991. The
main activities under taken were lease financing of
commercial vehicles. Since then the Company has steadily
grown and has added expertise in various areas of financial
services. It has also developed the requisite systems and
infrastructure, in line with the market trends and future
growth.
Today, the Company's cumulative exposure in vehicle
financing is in excess of Rs.24 crores representing 1029
vehicles and 861 customers. In addition to lease
financing, the Company has added new services like Stock
Broking, Bill discounting, Inter Corporate Financing,
Advisory services, Equity research, Bridge Financing etc.
Lease and Hire Purchase: The Company is the largest financer
of DCM Toyota trucks (Dyna) in India. The expertise and
knowledge gained by the Company in the area of LCV
financing shall help the Company in diversifying its
portfolio into other areas of vehicle financing such as
HCVS, passenger cars etc. The Company projects
disbursements of Rs 20 Crores in the coming financial year
in this area.
Corporate Lease: The Company has a diversified corporate
lease portfolio with some of the major business houses of
the country availing lease / hire purchase facilities from
the Company. Keeping in view the projected growth in the
economy and particularly in industry, trade and
infrastructure, the Company foresees adequate demand to
meet the projected levels of disbursements and
profitability.
Money Market Operations (Bill discounting/ICDs):
As part of the total financial services offered to the
clients, the Company arranges short term funds by way
of discounting of trade bills and placement of intercorporate
deposits. In this activity, the Company deploys its own
funds as well as acts as an intermediary between clients.
In this segment the Company has stabilised its operations
in a short span and foresees tremendous growth because of
the increased usage of such instruments in the Indian
Money Markets.
Investments & Broking : The Company is engaged in
investment in primary and secondary equity markets. Long
and short term investment decisions are taken based on
extensive research. The Company proposes to engage in the
business of corporate broking and institutional broking
including private placement of securities and trading in
debt instruments. The Company has acquired the dealership
of OTCEI.
Merchant Banking: The Company is proposing to enter into
merchant banking activities and has already obtained SEBI
approval to act as Category I merchant banker. Main
activities which the Company is proposing to commence are
Issue Management, Underwriting, consultancy services,
credit syndication and technology tie-up services.
Activity wise performance data for last 3 years (Rs inlacs)
1993-94 1992-93 1991-92
A) Income from operations
1) Leasing - Gross 491.35 408.18 339.02
2) Hire Purchase-Gross 80.53 34.94 6.65
3) Bill Discounting - Gross 2.45 2.40 -
B) Disbursements Made
1) Leasing - Gross 346.96 315.10 942.57
2) Hire Purchase - Gross 574.36 307.58 212.29
3) Bill Discounting - Gross 365.88 27.71 -
C) Bad Debts
1) Leasing /H.P. 14.69 - -
D) Recovery Percentage
1) Leasing & Hire Purchase 91.06% 90.07% 89.71%
2) Bill Discounting 100% 100% 100%
Investment Policy
The Company's investment policy is based on strict criteria
in appraising credit risks and norms for the company's
credit exposure based on overall and individual exposure to
each Industry, Company and activity, security of the
transaction, balancing between risk and return. The
Company closely monitors and reviews its outstanding
commitments/positions/transactions periodically depending
upon the amount of exposure, market conditions, payment
record of the party and other relevant factors. The powers
for overall deployment of funds are vested with the
President of the Company which are reviewed from time to
time by the Board.
There are no non-recoveries of principal/interest due, or
bad and doubtful debts from Companies in which the
Directors are interested
2002
- DCM Financial Services Ltd has informed that a massive fire reportedly due to an electric short circuit broke out on the intervening night of March 20 & 21, 2002 at around 2.00 A. M. at their office premises at New DelhiMost of the important documents, files and records relating to Secretarial, legal and other departments has been completely burnt.
2011
-Registered Office of the Company has been shifted To D 7/3 Okhla Industrial Area-II,New Delhi - 110020.
2012
-DCM Fin Services awarded by Sole Arbitrator in the matter of `MS Shoes East Limited Vs DCM
2014
-DCM Financial Services Ltd on Wednesday announced that Credit Analysis & Research Ltd has revised the company 's long-term bank facilities credit rating to CARE BBB from CARE BBB-.
In a filing to the Bombay Stock Exchange, the company informed, Credit Analysis & Research Ltd has revised the rating of the company in respect of its long term bank facilities from CARE BBB- to CARE BBB.
Meanwhile, shares of the company closed at Rs 1.24, up 9.73 per cent, from previous close on BSE.
2020
-Dcm Financial Services Limited has informed the Exchange regarding 'An arbitration award dated 17th August 2020 was received by us on Wednesday, 29th August, 2020.The said award is given in respect of dispute that has arisen between NBCC Ltd. (Claimant) and DCM Financial Services Limited (Respondent) in relation to sale of Commercial Space-Upper Ground Floor NBCC Place, Pragati Vihar, New Delhi by the Claimant to the respondent. Kindly take the above information on your records'.
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