Kohinoor broadcasting

This is one interesting company
it started out as Overseas Finlease a finance company run by a Mangal singh a 64 year old who seems to like the name overseas all three of his companys have that name
MANGAL SINGH (MR.)
(son of MR.TARA CHAND)
Age
64
Education
GRADUATE
Civil Services

Director on Board of following Listed Companies *

1. KOHINOOR BROADCASTING CORP.LTD. bse code 531366 first date of appointment 02/08/2000 designation MANAGING DIRECTOR, PROMOTER-DIRECTOR NO

Director on Board of following Unlisted Companies/Organisations

Sl.No. Indian Companies/Organisations

1. OVERSEAS CONCEPT AUTO LTD.
2. OVERSEAS TEXTILES LTD.
3. TAGORE THEATRES LTD.

Brief Profile covering Experience, Achievements ***

Mr.Mangal Singh is 59 years old. He started his career by setting up a trading house dealing in Electrical Appliances and industrial hardware products in 1973. He carried on the said business until 1998. He had joined Tagore Theaters Limited on 12 August 1998 as a Director. Thereafter he had promoted Overseas Concept Auto Limited and Overseas Textiles Limited in the year 2000. Mr.Mangal Singh had taken over as Managing Director of Kohinoor Broadcasting Corporation Limited on 3rd March 2003.

The company been harping about starting a tv channel for the past 7 odd years using multiple bse announcenmemts to lure investors in

heres the bse announcement in 2004 yes 2004 7 years ago

Scrip Code:531366 Company:Kohinoor Broad
December, 14 2004
Subject: Kohinoor Broadcasting - Updates
Announcement:
Kohinoor Broadcasting Corporation Ltd has informed BSE that a media and communication Company has set up the production facilities for programmes to be broadcasted for various local TV channels. The Company is mainly focusing on Documentaries, new stories and other local languages cultural programmes.
Future Plans:
The Company has decided for setting up its own telecasting facilities and will have its own earth station and other facilities to air eight channels. Initially company plans to air one regional and one Hindi language channel and leased out other six lines.

Using the tv cchannel as an excuse they raised 100 crores by gdr and private placement in 2 tranches

Scrip Code:531366 Company:Kohinoor Broad

July, 23 2007

Subject: Kohinoor Broadcasting - Outcome of Board Meeting

Announcement:
Kohinoor Broadcasting Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 20, 2007, inter alia, has taken the following decisions:

3. The board has approved the allotment of 29,200,000 equity shares of Rs 10 each underlying 2,920,000 GDR's issued in the name of Depositary (Deutsche Bank Trust Company Americas) and issuance of Share certificate thereof.

Scrip Code:531366 Company:Kohinoor Broad

October, 17 2007
Subject: Kohinoor Broadcasting - Outcome of Board Meeting

Announcement:
Kohinoor Broadcasting Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 12, 2007, inter alia, has taken the following decisions:

1. The Board has approved the Placing Agreement, Deposit Agreement and the Escrow Account Agreement in respect of the GDR issue.
3. The board has approved the allotment of 75,000,000 equity shares of Rs 10 with underlying 7,500,000 GDR's issued in the name of Depository (Deutsche Bank Trust Company Americas) and issuance of Share certificate thereof.

so gdrs were issued twice the first time for 20 crores the next for 80 crores

After raising 100 crores they tried to siphon off the 100 crores raised (which was almost equal to the net worth of kohinoor broadcasting) by buying a theatre complex which belonged to 2 of the directors (another director harjinder singh son of wrynam singh also co owned tagore theatres )

why a company proposing to start a tv channel was buying a movie theatre for 100 crores was never explained

Scrip Code:531366 Company:Kohinoor Broad
January, 7 2008
Subject: Kohinoor Broadcasting - Outcome of Board Meeting
Announcement: Kohinoor Broadcasting Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 07, 2008, has taken the following decisions:

1. The Board has approved in-principal, the proposal of takeover of M/s. Tagore Theatres Ltd (Valuing approximately INR 1000 Million), a multiplex, at a valuation to be conducted by the Company of international standing such as M/s. Knight-Frank India Pvt Ltd, Chesterton Meghraj, Jones Lang Lasalle, Price water house Cooper or equivalent. The Board has authorized the committee of Directors to complete the transaction and to finalize the swap ratio for the proposed takeover.

2. The Board has approved the opening of subsidiary Company in United Kingdom for Launch of TV channel in UK and adjoining areas.

3. The Board has taken note of the receipt of the equipment for Teleport to be set up at Rajpura involving a capital outlay of INR 50 Million.

4. The Board took note of the orders placed for play-out station to be set up at Rajpura involving a capital outlay of INR 100 Million.

notice how they say the took note of the receipt and took note of the orders placed ....... not whether the equipment was actually with them

when for some reason that didnt succedin option 1 (pay mangal singh and harjinder singh 100 crores for their theatre ) they used option 2

Setting up overseas subsidiaries in england and uae or dubai these companies not surprsingly have posted amamzing UNAUDITED results

ALL THE 100 CRORES HAVE BEEN "INVESTED" IN THESE OVERSEAS SUBSIDIARIES NO ACCOUNTS HAVE BEEN GIVEN THE ANNUAL REPORT NEVER SEEMS TO REACH INVESTORS and no one has any idea how the 100 crores raised have been invested

these "overseas subsidiaries " have fantastic results but arent audited

not too surprsingly noone beleives anything they say except for an idiotic blogger called sandeep or suman mukerjee who has a genius for picking up dud dead fraud stocks

besides the 100 crore ripoff they also regularily promise dividends in 2005 2009 and 2010........and always have an excuse not to give it

they have also had the HC cancel allotment of 70lakh shares ......