E-109, CRYSTAL PLAZA, NEW LINK ROAD, ANDHERI

This is fraud multiplied by five

E 109 Crystal Plaza New link Road Andheri is a magic room

It houses not one or two but FIVE public LISTED companies and one private company

the companies are

Rockon Fintech
52 Weeks H/L 34.25 / 12.05

Banas Finance
52 Weeks H/L 44.80 / 9.37

Tilak finance
52 Weeks H/L 177.70 / 22.05

Axon Infotech and
52 Weeks H/L 25.25 / 10.10

Shree nath commercial and finance
52 Weeks H/L 41.80 / 9.90

The private company is

Kayaguru Health Solutions Pvt. Ltd.

All are in one way or the other associated with a chartered accountant called Giriraj Kishore Aggarwal

All the publicly listed companies are getting into "power projects"

all have very low networth and very high market caps

all have shot up

SMC Global securities ...........Moneywise Be wise

1 DATE 15-SEP-2009 SSETTLEMENT CHARGES PAID 10 LAKHS

alleged indulgence in creation of artificial market and price manipulation violating regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(e), 4(2)(g) and 4(2)(n) of sebi (pfutp) regulations,2003 in scrip of jubilant organosys ltd.
http://www.watchoutinvestors.com/Press_Release/sebi/smcglobalorder.PDF?cntrl_no=BRK3716

2 DATE 31-JUL-2009 SETTLEMENT CHARGES RS.7.5 LAKHS
alleged failure in exercising due skill, care and diligence while dealing in securities market
dealt with un-registered sub-brokers
alleged failure in exercising due skill, care and diligence while dealing in securities market
http://www.watchoutinvestors.com/Press_Release/sebi/samconsent.pdf?cntrl_no=BRK3099

3 DATE 05-JUN-2009 SETTLEMENT CHARGES 7.5 LAKHS
alleged indulgence in irregular transactions in f&o segment of national stock exchange
http://www.watchoutinvestors.com/Press_Release/sebi/smcconsent.pdf?cntrl_no=BRK2868

4 DATE 04-JUN-2009 SETTLEMENT CHARGES 7.5 LAKHS
alleged indulgence in irregular transactions in f&o segment of national stock exchange
http://www.watchoutinvestors.com/Press_Release/sebi/smcglobalconsent.PDF?cntrl_no=BRK2860

5 18-JUN-2007 SETTLEMENT CHARGES 6 LAKHS
indulged in non-genuine, synchronized and fictitious transactions in f&o segment

6 08-AUG-2008 SETTLEMENT CHARGES 15 LAKHS
alleged failure in maintaining high standards of integrity, promptitude and fairness in conduct of business and did not act with due skill, care and diligence

alleged portrayal of negative and bearish outlook of market to its clients

alleged large scale unauthorized distribution of terminals

dealt with un-registered sub-brokers

alleged failure in exercising due caution while executing large orders on behalf of client

alleged proprietary trading from more than one location

alleged unauthorized persons operating proprietary account activated terminals

alleged unauthorized diversion of brokerage income

alleged dealing through more than one broker and not reported off-the-floor transactions to exchange

alleged non-collection of margins from clients

alleged discrepancies in know your client forms

alleged discrepancy in issuance of contract notes

alleged non-segregation of client funds from brokers funds

alleged non-compliance of requirements of unique client code

alleged placing of advertisements in newspapers soliciting business

alleged change of constitution without prior permission from sebi

alleged non-disclosure of proprietary trading to clients

alleged dealing with sub brokers not having good financial standing

alleged irregularities in issue of preference share capital


7 DATE 30-APR-2008 SETTLEMENT CHARGES 5 LAKH

dealt with un-registered sub-brokers

alleged non-segregation of clients account

alleged discrepancies in know your client forms

alleged irregularities in maintenance of acknowledgement copy of contract note

Total SETTLEMSNT CHARGES PAID 58 LAKHS RIGHT TO CONTINUE FUNCTIONING PRICELESS

Aashi Industries Ltd AEC Enterprises Limited Dharnendra Industries Ltd Dharnendra Overseas Ltd why havent these companies been wound up yet 4 Dead companies

These are 4 companies which have been barred from accesing the markets due to the non addressal of investors complaints
Two are Z category one T and one Dharnendra overseas(Old name FLY UP FASHIONS LTD) doesnt seem to exist
such companies are inviting targets for operators to pump and dump
while sebi has atleast barred them and their directors from accessing the markets such shell companies may change names get a compromise order like anil ambani got and come back to defraud new retail investors
sebi should consult the MCA (ministry of corporate affairs ) and wind up these companies
see
http://www.sebi.gov.in/press/2011/201155.html

Compact Disc retirement gift for foolish retail investors

Suresh Kumar Seengal knows you cant fool all the prople all the time .....but once a year you can get a fresh crop of idiots like the ones who are buying his lie of delisting at a high price

wheres the money going to come form ? they have already made provisions thats all he will say
why does he want to delist ? he just wants to make it a closely held company
http://www.moneycontrol.com/news/business/compact-disc-to-complete-delisting-process3-4-months_534136.html

lets just look at the shareholding

http://www.bseindia.com/shareholding/shareholdingPattern_60.asp?scripcd=526141&qtrid=68.00

the seengals officially control only 24 percent ie 76 percent is with the public and AT LEAST 50 percent more must be bought back
seengal at 51 (todays price ) thats 4800000*50 = 24 crores ......so who is going to pay 24 crores to buy acompany the market knows exists on paper and gives a PE (price to equity ) ratio of 0.7 ??

If the companhy had any value Seengal could have very very easily alloted himself shares at such ridiculously low PE AT A MUCH LOWER PRICE

Not only has he not done that not done that the company hasnt paid a few crores as dividend for 2010 2009 and 2008

in 2009 the company came up with a ridiculous excuse for not paying dividend http://www.bseindia.com/qresann/news.asp?newsid={F5E0ED19-CD85-4760-84E9-C6928EF0B0D0}

Seengal earns 60 lakhs as salary from compact disc the wife earns another 24 lakhs
thats a neat 65 lakhs for

Also Notice this? Bodies Corporate control 1,186,305 or 12.36 of equity
who do you think controls most of the 378 corporates who own 11 lakh shares of this company
the "buyback" will be a great oppurtunity to dump off the 12 lakh shares

now heres an interesting notice to the bse

Compact Disc - Updates | 19/07/10 12:49
Compact Disc India Ltd has informed BSE that the Company's group arm Premier Brands Pvt. Ltd. has been appointed by the Organising Committee, Commonwealth Games Delhi 2010 as Master License for the Merchandising programme and Sole Concessionaire for competing and non-competing venues in India.

Premier Brands is also at the advance stage of finanlisation to act as Licensing Merchandising Partner for the Cricket in the World.

The Company is expected to generate revenue over Rs. 300 Crore within the financial year 2010-11.

Given Seengals reputaion
see http://www.business-standard.com/india/storypage.php?autono=3328
he and kalmadi are made for each other and probably made a lot of 'commonwealth' for the seengal and kalmadi nations
so maybe seengal doesnt want to be a public company when his conjob gets exposed

also son gautham (see the previous post) is into Private Equity BIG TIME
maybe they just dont want to be associated with a small fraudulent company

OR Maybe singal wants to turn his company into another BRUSHMAN INDUSTRIES run by a conman called KAPIL KUMAR who managed to turn his firm into a full fledged HAWALA CORP and such operations are done better without sebi and public scrutiny

OR MAYBE SEENGAL JUST WANTS TO TAKE THE PUBLIC FOR A RIDE AGAIN AFTER ALL HE IS IN THE ENTERTAINMENT SECTOR

G K Aggarwal - Tilak finance Axon Infotech and Shreenath commercial

G K Aggarwal is a chartered accountant who also happens to control 3 companies Tilak finance Axon Info tech and Shreenath commercial

Axxon infotech and shrenath comercial together own 34 percent of Tilak finance (which has gone up form 20 to 150 ) Handful Investrade Pvt Ltd Kayaguru Health Solutions Pvt Ltd (probably owned 100 percent by aggarwal and wife own 25percent)

Giriraj Kishor Agrawal Handful Investrade Pvt Ltd and Kayaguru Health Solutions Pvt Ltd together are listed as sole promoters of axon infotech and own 11 percent

Girraj Kishor Agrawal and Handful Investrade Pvt Ltd own 11 percent of shree nath commercial and are the only entities listed as promoters

All there companies have the EXACT same address as their registered office
E-109, Crystal Plaza, New Link Road,Andheri (West), Mumbai - 400 053.

All there have in the past 3 years witnessed sharp rise in prices without any change in toplines or bottomlines



Aggarwal is director in all 3 companies

In 2009-2010 an amount of 10 crores was raised by axon infotech and shgreenath commercial by allotment in both cases of 50 lakh shares at 20 rs
This year tilak finance raised 16.5 crores by allotting 1.1 crore shares at 15 rs
It has gone up amazingly from 22 to 151 almost vertically
Now they seem busy pumping shree nath commercial
Tilak finance and shree nath commercial are getting into “power projects” whilst shreenath commercial is getting into "diversification into various activities "

CHAMPIONS

Congrats all fellow Indians and enjoy the moment

tuni textile

This is a small company which makes practically no profit
Yet its zoomed from 16 to 271
In jan 20 they had alloted 7500000 lakh shares AT PAR to non promoters
25 January 2010
Subject: Tuni Textile - Outcome of Board Meeting
Announcement: Tuni Textile Mills Ltd has informed BSE that the Board of Directors of the Company, in pursuance to the authority given by the members at the Extra - Ordinary General Meeting held on December 30, 2009 & In-Principal approval given by regulatory authority vide letter dated January 22, 2010, at its meting held on January 25, 2010, inter alia, has allotted 75,00,000 Equity Shares of Rs 10/- each at par on January 25, 2010 on preferential basis under Section 81 (1A) of the Companies Act, 1956.

from 25th Jan 2010 (the allotment date) till june 2010 THERE WERE ONLY 3 TRADES in the scrip

AFTER that things stareted getting interesting in august 2010 trading started almost every day .... not much just 100-1000 shares traded every day hitting upper circuits almost every day

its gone from 16 to 271 WITH NO CHANGE IN FUNDAMENTALS
Heres the Net profit for the past quaters
Sep-10 Jun-10 Mar-10 Dec-09 Sep-09 Mar-10 (Annual

0.00 0.05 0.08 0.09 0.05 0.29

History
52 Weeks H/L 271.10 / 16.00
( 31 Mar 11 ) ( 10 May 10

theres a very strong chance that there is circular trading going on yet SEBI doesnt seem to interested in doing anything but putting it in the T group