Abhayam Trading Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

YEAR EVENTS
1988 - The Company was Incorporated on 28th September as a public
limited company as 'Apple Credits Corporation Ltd.' at Chennai.
The name was changed to the present one with effect from 1st June
1989. The Company was promoted by Apple Industries Ltd.

- The Company is Engaged in the business of hire purchase, leasing
and other financial services.

1992 - During November/December the company offered 60,00,000 No. of
equity shares of Rs.10 each for cash at a prem. of Rs.20 per
shares. Of which 5,00,000 shares to the promoters, directors
and their relatives, 12,00,000 shares to the shareholders of
Apple Industries Ltd., 10,000 shares were offered to the
employees and the balance 42,90,000 shares were offered to public
(all were taken up).

- The company proposes to enter into Merchant Banking activity and
for that purpose, on getting listed, will approach Securities and
Exchange Board of India (SEBI) for accredition as category-1
Merchant Bankers.

- The Company has launched its Fixed Deposit Scheme during the
current year

1993 - The Company has been upgradated from 'FA-' to 'FA' by CRISIL for
the Deposit Schemes. This rating indicates 'Adequate Safety for
the timely repayment of Principal and Interest.'

1994 - During the year under review, 35 lakhs equity shares of Rs.10/-
each were allotted for cash at a premium of Rs.20/- per share
aggregating to Rs.1,050/ lakhs to the Promoters pursuant to the
approval of the shareholders.

- The Company has become the first in the financial sector in the
country to have been awarded the prestigious IS 14002/ISO 9002
certificate.

1996 - The Company mobilised funds to the tune of Rs.1850 lakhs by
private placement of non convertible debentures.

1997-99 - NO NEWS

2000 - Mr. P.V. Raaman has been appointed as Managing Director effective
from April 26 and Mr. G.S. Samuel, Managing Director, has
resigned from the board effective from April 26.

- Kochi the strategic tie-up between Trichur based Catholic Syrian
Bank (CSB) and Apple Credit will bring Rs 200 crore capital funds
into the bank's books.

- ICRA has downgraded the medium-term debt as well as the fixed deposits and
non-convertible debenture programmes of both Apple Finance Ltd. and Apple
Credit Corporation from MA- to MD.
2009

- Apple Credit Corporation Ltd has appointed Shri Josyula Suryanarayana as Additional Director of the Company.

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