HISTORY AND BUSINESS OF THE COMPANY ZEL was incorporated on July 23, 1981, with the objective of taking over the partnership business of Zenith Enterprises (Zenith), a family partnership concern promoted by Shri B.R. Loyalka in 1969. Zenith's initial activities were mainly confined to hire purchase financing of vehicles. It started export of industrial hand gloves made from leather in 1975 when Shri Loyalka's three sons joined the family business. The firm started export of silk fabrics in 1977. The firm's business activities, which were modest (Rs.10-12 lakhs) in the initial years, started picking up in 1981, when it was taken over by ZEL. ZEL has since become a recognised export trading house engaged in the manufacture/export of leather goods such as industrial leather hand gloves, wallets, etc., silk fabrics and silk made-ups. PRESENT BUSINESS OF THE COMPANY The company is engaged in manufacture and exports of industrial leather hand gloves and handloom silk fabrics as well as silk made-ups. The company has facilities for manufacture of leather hand gloves and other leather articles at two units located in Calcutta. In addition, ZEL has arrangements with a large number of silk weavers located in and around Bhagalpur, Varanasi and Bangalore for manufacture of silk fabrics on job-work basis. MAIN OBJECTS OF THE COMPANY Main objects to be pursued by the Company on its incorporation: 1 To become vested with and continue the partnership business now being carried on under the name and style of M/s.ZENITH ENTERPRISES including all its assets, rights, benefits, titles, interest, approvals, Registrations, permits, facilities, concessions, sanctions, privileges, licences, debts liabilities, and obligations and the rights and liabilities of the parties hereto in the said partnership business and in connection therewith. 2 To carry on business as traders, exporters, agents, representatives, dealers, producers, stockists, importers or distributors of industrial, commercial, agricultural, scientific, household, domestic, farm and forest products/ goods, plants, machineries, equipments, apparatus, gadgets, appliances, accessories, spare parts or other merchandise including tea, coffee, jute and jute goods, textiles, cotton, yarn, wool and woollen goods, handicrafts, piece of arts, jewellery, ornaments, steel, plastic, rubber, chemicals, engineering goods, minerals, electronic, musical and sports goods, cloth, dresses, garments, transport vehicles, food products, live stocks, books, reading and educative materials, paper and paper products. 3 To carry on business of hire purchase of all kinds and description of vehicles, mopeds, appliances, installation, fittings, machinery and office equipments. 2003 -Zenith Exports Ltd. has informed that the shares of the company have been delisted from the Stock Exchange Ahmedabad 2005 -Delists equity shares from The Calcutta Stock Exchange Association Ltd (CSE) with effect from April 25, 2005. 2008 -Zenith Exports has designed E-mail ID for Investors Complaints: zenith@giascl01.vsnl.net.in 2011 -Company has appointed Mr. Devendra Kumar Sarawgee as an Additional Director. -Mr. Vinod Kumar Loyalka has been appointed as an Executive Director of the Company. 2014 -The Board of Directors of the Company have approved reappointment of Mr. Surendra Kumar Loyalka and Mr. Raj Kumar Loyalka, Managing Directors.