ANALYSIS AND INTERPRETATION ON ISSUE OF BONUS:

COMPANY

BONU
S
RATIO

DATE
ANNOUNCEMENT RECORD

ADI FINCHEM

1:10

19-05-2104

JBM AUTO

1:1

14-08-2014

NITIN FIRE
PROT
SIMPLEX
TRADING AND
AGENCIES

1:3

30-09-2014

1:9

11-11-2014

10-072014
09-102014
15-112014
26-122014

EX-BONUS

09-072014
08-102014
13-112014
24-122014

1. ADI FINCHEM
ADI Finechem Ltd. is a speciality oleochemical manufacturing company
situated near the city of Ahmedabad in the western region of India. Our fine
chemical products portfolio has applications in manufacturing of resins for
Paints, Inks adhesives etc.

Status after announcement of bonus shares:

Interpretation:
The announcement of bonus share in the adi finechem on 19-05-2014 with the ratio
of 1:10, on the date the opening price was 135.71, closing as well as high was
139.49. thereafter the graph shows ups and down in the price of the share in the
market.

Status after Record and Ex-bonus date:

Interpretation:
After the execution on the bonus share there was a huge fall in the price of the
companys share. At the opening of the share price was 231.9,high 232.3 and close
@ 218.1.Thereafter simultaneously increase and decrease in the price of the share
at a certain period of time.

2. JBM AUTO
JBM Auto is engaged in the manufacture of sheet metal components,
assemblies, sub- assemblies, tools, dies and moulds. The company operates
through three main divisions namely Sheet Metal Division, Tool Room
Division and special purpose vehicle (SPV).

Status after announcement of bonus shares:

Interpretation:
The announcement of bonus share in the adi finechem on 14-08-2014 with the ratio
of 1:1, on the date the opening price was 103.78, closing as well as high was
108.53. Thereafter the graph shows grown simultaneously in the price of the share
in the market.

Status after Record and Ex-bonus date:

Interpretation:
After the execution on the bonus share there was a huge fall in the price of the
companys share. At the opening of the share price was 257.85, close and high @
same price 257.85.Thereafter drastically decrease in the price of the share at a
certain period of time.

3. NITIN FIRE PROTECTION:

Status after announcement of bonus shares:

Interpretation:
The announcement of bonus share in the NITIN FIRE PROT on 30-09-2014 with
the ratio of 1:3, on the date the opening price was 51.71, closing as well as high
was 257.85. Thereafter the graph shows decreasing at the decreasing rate in the
price of the share and increase at a point of time in the market.

Status after Record and Ex-bonus date:

Interpretation:
After the execution on the bonus share there was a huge fall in the price of the
companys share. At the opening of the share price was 43.65,high at 44.2 and
close @ 42.15.Thereafter simultaneously fall in the price of the share which is
shown in the graph in that scenario.

4. SIMPLEX TRADING AND AGENCIES:

The company has grown to be a leading source for quality packaged brands
of food items, disposable food service products, hygiene solutions and
packaging supplies. We are known island-wide and supply supermarkets,
hotels, restaurants, food vendors and many other business sectors.

Status after announcement of bonus shares:

Interpretation:
The announcement of bonus share in the SIMPLEX TRADING AND AGENCIES
on 11-11-2014 with the ratio of 9:1, on the date the opening price was 61.29,
closing as well as high was 61.29. Thereafter the graph shows growing rate in the
price of the share and increase at a point of time in the market.

Status after Record and Ex-bonus date:

Interpretation:
After the execution on the bonus share there was a huge fall in the price of the
companys share. At the opening of the share price was 80.6,high and close at same
price 80.6 .Thereafter fall in the price of the share which is shown in the graph in
that scenario for liquidity of the company.