| Innovation Security Ltd., was incorporated as a Public Limited company on 5th January 1993 and obtained the Certificate of Commencement of Business on 25th January 1993. The company has already acted as Advisor to one Public Issue. It is presently carrying out activities of advances through Intercorporate Deposits and Bills Discounting.
THE MAIN OBJECTS OF THE COMPANY
1. To accept, buy, sell discount and deal in all kinds of promissory notes, bills of exchanges, hundis, cheques, shares, debentures, bonds, stocks, securities, coupons, movable & immovable properties, and any other financial instrument.
2. To carry on business of brokers, merchant bankers, advisors, financiers, portfolio managers, Lead Managers, Co-managers, registrars, project consultants, market surveyors, badla financiers, importers, exporters and provide all kind of financial assistance and services to firms, societies, syndicates, companies and associations.
3. To carry on business of finance and hire purchase of vehicles, machinery, goods, and articles of every descriptions.
PRESENT BUSINESS
The company is at present engaged in the process of Bill Discounting, Intercorporate Deposits and purchase and sale of securities. The company had already been registered as Category IV Merchant Bankers and acted as an Advisor in an Issue. The company is also involved in preparation of Project Feasibility Reports and Financial Consultancy Services.
The financial performance for the year ended 31st March, 1994 is as follows :
DESCRIPTION FOR THE YEAR ENDED
31.3.94
Rs.
Income
From consultancy charges 5,72,895
Intercorporate Deposits 11,538
Expenses 4,84,155
PBIDT 1,00,278
Interest -
Depreciation 18,770
PBT 81,508
Provision for Taxation 16,000
PAT 65,508
Equity 5,15,000
Networth 65,508
EPS 5,80,508
Book Value 1.27
Dividend 11.27
PRESENT DEPLOYMENT OF FUNDS
At present the funds raised by way of Promoters' contribution of the equity capital - Rs.16.57 lacs (includes share capital of Rs.5.15 lacs and share application money pending allotment of Rs.11.42 lacs) and Internal Generation (Rs.0.66 lacs) (being the profit earned during the year ended 31st March 1994) have been deployed as follows :
Rs. in lacs
Fixed Assets 3.62
intercorporate Deposits 5.00
Investments 7.00
Other current assets (Net) 1.46
Preliminary expenses 0.15
17.23
SUBSIDIARIES OF THE COMPANY
The company has no subsidiaries.
2010
-Company has changed its name from Innovation Securities Ltd. to ISL Consulting Ltd.
2012
- MosChip launches PC Virtualization System.
2016
-ISL Consulting Ltd has informed that the registered office of the Company has shifted with effect from March 28, 2016, following new address of registered office of the company: 501, 5th Floor, Abhijeet-ll, Above Standard Chartered bank, Nr. Mithakhali Six Road, Ahmedabad - 380 009
2019
-The Company has splits its face value from Rs. 10/- to Rs. 5/-
|