Dazzel Confindive Ltd. (DCL) was originally incorporated on21st October 1992 under the Companies Act 1956 with themain objective of interalia carrying on the business ofReal Estate development Construction Housing and dealingin pharmaceutical and consumer products. The companyobtained the certificate of commencement of business on2.11.92 and started the construction business. The companyobtained Contractor Registration with P.W.D under 'B' classon 20/2/93 and was allotted a construction contract of Rs 6Lacs by Municipal corporation Jaipur. The work of abovecontract has been completed. The company in its first yearof operation only for 5 months ending 31.03.93 was workingon construction projects worth Rs. 9.87 lacs which wereunder progress as on 31.03.93.

In second full year of operation ended 31.03.94 the companysold residential houses after construction of Rs.5.30 lacsand executed construction works of Rs.13.40 lacs and workin progress was Rs.23.78 lacs as of 31.03.94.

The company earned a gross profit of Rs.1.17 lacs in itsfirst full year of operation. During the current year thecompany is doing construction business in full swing.

In September 1994 the Company envisaged the idea ofexpansion and diversifying into the lucrative areas offinance leasing and financial services and accordingly theCompany took the ancillary objects no. 46 and 47 videBoard Resolution dated 22.09.94 and other objects no.21 and44 vide Board Resolution dated 01.11.94 as main business ofthe company and were subsequently approved in theextraordinary general meeting duly held on 29.11.94. TheCompany has planned to expand its present activities ofReal estate development construction and investment inshares and securities diversifying into the areas ofleasing and financial services. The Board of the Company hasinducted finance and construction related professionals.

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MAIN OBJECTS OF THE COMPANY --The main oblects of the Company are as set out in the Memorandumof Association of the Company and inter-alia include the following1 - To purchase sell acquire get mortgage hypothecate pledge transfer convert develop enlarge exchange improve erect fabricate cultivate build construct reconstruct demolish pulldown hire remove replace re-erect alter repair maintain decorate furnish contract and to give as security and to act asagents brokers contractors architects designers serveyors planners engineers decorators fabricators consultants valuers financers and to take and give on lease and/or sublease orotherwise deal in immovable properties whether in India or abroad whether on Company's account or on other's account and whetherseverally or tointly with other personl parties for immovableproperties consisting of all kinds of land estate buildings mines querries roads bridges dams canals wells water cources severlines and drainage railway station and sidings reservoirs hospitals dispensaries nursing homes houses commercial nd residentialcomplexes and appartments markers shops factories mills works hotels dharmashalas guest houses restaurants cinemahouses and theatres educafional centres schools colleges libraries research centeres and institues laboratories hostels health clubs and centres temple mosques churches gurudwarars farm houses farms gardens parks amutementcentres play grounds stadiums and to do perform and provideall services responsibilities and duties on Company's own behalfand on other's behalf and to provide and accept services for thehabitants tenants owners residents citizens and guests relatingto electricity water telecommunication secretarial waiting room reading room lavatories intercommunication equipments and airconditioning equipments.

2. To build or construct or otherwise take on lease purchase acquireor maintain in any manner whatsoever any apartments houses flats rooms shops huts or other accomodations for men oranimals and to let or dispose of the seme on instalment basis rent-purchase basis or by outright sale whether by private agreementor in any other mode of lawful deposition to act as dealer brokeror agent for purchase sale or other dealing in land building inland building schemes and other structures.

3~ To carry on the business of manufacturers processors packers traders dealers distributors importers and agents or to deal inany other manner (including loan licensing basis) branding of anyor all types of varieties formulaes and kinds of drugs medicines therapies and pharmaceuticals and to carry on the business ofimporters exporters sellers stockists distributors commissionagents order booking agents forwarding agents buyers orotherwise dealers in all kinds of oils hair oils cosmetics andperfumery products toilet requsites soaps detergent products bafarced foods baby foods of a/I k~nds medicines pharmaceuticafpreparations a/I types of eatable food products frn~ products farmproducts chemicals all kinds of article goods merchandise commodity and products.The following ancillary objects no. 46 and 47 has been takenas main business of the company vlde Board resolution passedin Board Meeting held on 22nd September 1994 and dulyapproved in Extra-Ordinary General Meeting held on 29.11.94.As advised by Registrar of Companies Rajasthan Jalpur at thetime of filling Prospectus object clause shall be amendedsuitably U/S 17 of Companies Act in due course1 - To carry on the business of investment leasing company hirepurchase company floance and to undertake and/or arrange alltypes of leasing and hire purchase business relating to all kindsof machinery plant equipment ships vehicles aircrafts rollingstock computers electronic data processing machines storagetanks toll roads and bridges communication satellites andcommunication lines factories containers books in the form oftechnical knowbow or otherwise computer software movable andimmovable property of all kinds and description.2. To invest or cause to be invested the capital of the company orfunds of the company or any fund raised by the company for thepurpose of the investment and to invest in stock or to acquire orto hold or sell buy or otherwise deal in shares bonds units obligations and other securities of any company or securities issuedby any Government or any lawful authority and to acquire any suchshares stock debenture- stock bonds note obligations orsecurities by original subscription contract tender purchase exchange underwriting or otherwise and whether or not fully paid and to subscribe for the same subject to such terms and conditions(if any) as may be thought fit and also as provided in the provisionsof the law.

The following other objects no. 21 and 44 has also been takenup for doing the new financial services business in broadterms vide Board Resolution Dated 1.11.94 and dulyapproved vide special resolution passed in Extra-OrdinaryGeneral Meeting held on 29.11.94.1 - To carry on the business as agents (whether as commission agent Selling Agent Purchase agent or otherwise) secretaries treasurers registrars and share transfer agent of any company associationor other undertaking and without limiting the generality of theforegoing to supply and provide maintain and operate for thebenefit of any person company trust institution association societyor other undertaking services facilities conveniences and the like whether accountancy administrative advisory commercial financial legal personnel insurance technical or of any othernature and to act as agents for air shipping lines and to do or rendersuch other services as are incidental thereto.

2. To carry on the business of engineers researchers technicians designers planners estimators advisors erectors project reportersand to supply know-how for all types of industries business ompanies services and other public bodies and Government.**********************

PRESENT BUSINESS

CONSTRUCTION & REAL ESTATE DEVELOPMENTS

Presently the construction activities of the company arelocated in the prime business area of the Jaipur city.

The Company has successfully completed 10 housing projectscomprising 1515 sq. yards and contracts worth Rs.50 lakhsduring last two years. Presently the company is involved inresidential construction project on a land of 3600 Sq.ftswhich is scheduled to be completed by March'95.

The Company has already purchased further 18 900 sq.ft.land on sale agreements in Jaipur City (including one plotof 6300 Sq.feets opposite Stock Exchange Jaipur) fordevelopment and construction of residential projects.

The company has retained services of M/s G.G. Consultants a Civil Engineering Firm for the purpose of work of civilengineering.

LEASING & HIRE PURCHASE

The company started the business of Leasing & Hire purchasein the month of Sept. 1994. It provides lease financemainly for vehicles plant & machinery office equipmentsetc. to its clients. The Company has leased out Assets ofRs.12.22 Lacs as on 30.11.94.

INTER CORPORATE DEPOSITS & SHORT TERM FINANCE

The company parks its cash surplus from time to time asICD/S.T.F. to Corporate Houses/business houses businessmen.

Outstanding Short Term Finance as on 30.11.94 is Rs.11.95lacs.

SECURITIES TRADING AND INVESTMENTS