Fact Enterprise Ltd. Company History and Annual Growth Details

HISTORY AND PRESENT BUSINESS OF THE COMPANY

FACTS SECURITIES LTD. was incorporated as a Private Limited
Company on 17 March 1993 with Registrar of Companies
Maharashtra, Bombay and subsequently converted into a Public
Limited Company on 21 February, 1994 by passing a Special
Resolutation in the Extra-ordinary General Meeting held on
10th January, 1994.

Since the date of incorporation the company has been providing
marketing and advisory services in the capital market, with its
main focus on non-fund based activities.

FACTS SECURITIES LTD. has been approved by SEBI as Category IV
Merchant Banker with effect from 1st April 1993. The company has
since then been independently handling Public and Rights
Issue, as Advisors. The Company intends to make application to
SEBI for registration as Category I Merchant Banker.

Other Offices:

The Company has its branches at Jaipur, Bhilwara and New Delhi.

A brief note on Company's present activities is as follows:

(i) Issue Management: The Company is SEBI registered Category-IV
Merchant Banker with effect from 1st April, 1993. The Company
offers Advisory services for managing Public/Rights Issue. The
Company intends to make application to SEBI for registration as
Category I Merchant Banker.

The Advisory services encompass the entire gamut of activities
connected with management of issues which include drafting of
Prospectus/Letter of Offer, Structuring the Capital, Pricing the
Instrument, Co-ordinating Agencies like Printers, Advertising
agencies, Registrars, evolving an effective marketing strategy,
helping the company in complying with all the connected legal
formalities. In all these the company used to supplement the
activities of the concerned Lead Managers.

The company has acted as official Advisor to the issue in three
public issues. The company has also acted as only consultant
in two issues.

It is also the intention of the company to apply for
registration as Share transfer Agents and Registrars to the
issue.

(ii) Project Consultancy: The company has been rendering the
service of Project Consultancy and has till date prepared four
detailed project reports. However in all the cases the appraisal
has been done by the institutions or banks. The company has
large data bank of various industries and has also trained staff
for preparing project reports and conducting appraisals. The
major activities involved in project consultancy provided by the
Company includes preparation of project feasibility reports,
preparation of loan applications, selection of lending
institutions, liaisoning with various Government departments and
institutions/Banks etc.

(iii) Arranging of Intercorporate Deposits (ICDs) and Bridge
Finances:

The Company arranges Intercorporate Deposits for its clients and
also arranges Bridge Finances against the public issue as well
as Rights Issues. The Company has a list of established
corporate clients. The company has been instrumental in making
six placement of ICDs/Bridge Finance amounting to Rs. 3 crores.
However due to non-receipt of the consent of clients to have
their names included in the prospectus, we are unable to disclose
the same.

The company has been operating on limited scale due to lack of
working capital funds. After raising the resources from this
issue, the company intends to become a known player with
reasonably high level of operations in the financial services
sector.

2005

-he Acquirer intend to make on Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of Facts Securities Ltd ('Target Company') to acquire 10,09,560 equity shares of Rs 10/- each representing 20.00% of the total paid up capital / voting share capital of the Target Company at a price of Rs 4.00 (Rupees four only) per fully paid up equity share / Voting Rights ('Offer Price') payable in cash subject to the terms and conditions, whose names appear on the register of members on Specified Date i.e. September 08, 2005.

2008

-The company has issued rights in the ratio of 3:1 at a premium of Rs 0/- Per Share.

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