NBI Industrial Finance Limited ( New Bank of India )

November 23, 2016

NBI Industrial Finance Now Listed in NSE

-------------------http://www.rareindianshares.info/2016/09/nbi-industrial-misses-sebi-relisting.html

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New Bank of India history

NBI Industrial Finance Limited was originally incorporated in Lahore in 1936 as The New Bank of India Limited. Dr. Ganeshi Lal Aggarwal and Mr M.R. Kohli ( Managing Director ) were the original promoters.

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This bank was founded on 21 /12/ 1936 in Lahore. in the name of "The New Bank Limited" under the Companies Act, 1913. The name of the company was subsequently changed to "The New Bank of India Limited" with effect from 4th November, 1941.

The registered office was moved to Amritsar in 1947[1], an after-effect of partition.

Dr Ganeshi Lal Aggarwal, M. R. Kohli, Mulk Raj Aggarwal, Amolak Ram Suri, Jhabar Mal Chokhani, and Rai Sahi Lala Labha Ram were the early directors of this bank. Almost the same set of people also promoted Jupiter Investment Trust[3], from the same address — Sunlight Buildings, Mall, Lahore. [2] Jupiter Investment Trust’s HO was also moved to Amritsar in 1947, and in 1956 to Delhi.

Credit :http://www.thebusinessquiz.com/2014/11/08/indian-banks-the-story-of-new-bank-of-india/

Pic of Share certificate

http://www.thebusinessquiz.com/wp-content/uploads/2014/11/New-Bank-of-India-MR-Kohli-Share-Certificate.jpg

Pic off New Bank ad

http://www.thebusinessquiz.com/wp-content/uploads/2014/11/The-New-Bank-of-India-1943-ad.png

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After 1947 the Registered office was shifted to Amritsar in 1947 and to New Delhi in 1956 .

http://www.wikiwand.com/en/New_Bank_of_India


. To provide for the losses due to partition the face value of the share was reduced from Rs. 25 to Rs. 5 . ( please recheck this ) 

New / Current Promoters Benu Gopal Bangur group.

In 1980, The New Bank of India Ltd. was nationalised. Most of the non promoter shareholders took cash compensation.

Name changed from New Bank of India to NBI Industrial Finance wef May 26, 1981

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September 07, 2016

NBI Industrial Finance Annual Report 2014-15 , Contact Details , Website

NBI Industrial Finance Limited

ISIN No. INE365I01012

Address :-21 , Strand Road, Kolkata

email :-nbifinance@ymail.com

Phones :  033-22309601-04

Fax : 033-22131650

80 th Annual Report 2014 -15 ( Old )

http://www.nbi-india.co.in/balance_sheet/NBI-BS-2014-15/NBI-BS_2014-15.pdf

Please read for massive investments in shares ( especially Shree Cement Limited ) and very undervalued Book Value 

page no. 24 , 32 , 33

Website 

http://www.nbi-india.co.in/

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NBI Industrial Finance Limited ,

Strand Road,
Kolkata-700001
Tel : 033 - 2230-7905
email : nbifinance@ymail.com

RTA 

Maheshwari Datamatics PVT. LTD,
KOLKATA

Board of Directors ( Annual Report 2014 -2015 )

Ashok Bhandari

Riya Puja Jain

RN Mundhra

BL Surana

BL Gaggar

JPMundhra

Manager and Chief Financial Officer

SP Kumar

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NBI Industrial Finance 

The Registered Office of NBI Industrial Finance was shifted from Connaught Place, New Delhi to Strand Road , Kolkata. The share's face value was consolidated to Rs. 10.

Share Capital : Rs. 1 cr 12 lakh
Reserves : Around Rs.11 cr

 NBI Industrial Finance Company is , now , the investment holding Company of Bangurs ( Benu Gopal Bangur of Shree Cement group ). They were the promoters of New Bank of India at the time of nationalisation. As the Company has holding of Shree Cement Ltd. it is expected that the market worth of its holdings is many times the book value . It holds , inter alia , around 8 lakh 50,000 shares of Shree Cement ( Book Value around Rs. 2 Crore 40 lakh ).

The Executive Chairman of Shree Cement Limited Benu Gopal Bangur is Chairman NBI Industrial Finance. Other associate companies of BG Bangur include The Didwana Industrial Corporation Limited ;Khemka Properties Pvt Limited ; Digvijay Finlease Limited etc.

There have been numerous complaints among share holders of non receipt of Annual Report.


As per Annual Report 2014 -2015  of NBI Industrial Finance ( Page 24 of the Annual Report ) 

Share Capital = Rs. 1 cr 29 Lakh ( 12 : 29 Lakh shares of Rs. 10 each )

Reserves        = Rs. 218 cr 32 Lakh

 1 ) Official  Book Value per Share = Rs. 1921 / 75 p

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June 17, 2009

NBI Industrial Finance Limited ( New Bank of India )

http://www.rareindianshares.info/2015/11/list-ofdse-companies-shifted-to-bse-db.html

http://www.rareindianshares.info/2015/09/nbi-industrial-finance-real-nav-1-share.html

September 24, 2015

NBI Finance- Real NAV 1 Share = Rs.9500 ?? ( Please Study )

Caution : Please Re Calculate / Recheck.

Please do not take any Investment Decision based on this analysis

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As per Annual Report 2014 -2015  of NBI Industrial Finance ( Page 24 of the Annual Report )

Share Capital = Rs. 1 cr 29 Lakh ( 12 : 29 Lakh shares of Rs. 10 each )

Reserves        = Rs. 218 cr 32 Lakh

 1 ) Official  Book Value per Share = Rs. 1921 / 75 p


  Underlying ( Hidden Values )

 2 ) Page 33 - Long Term Investments

Aggregate Market Value of Quoted Investments ( including 849450 shares of Shree Cement Limited  )

= Rs.921 cr 83 Lakh

Less Book Value ( already accounted in our analysis )

= Rs.6 cr 79 Lakh

Net Hidden worth =  Rs. 915 cr 04 Lakh

Per Share =  Rs. 7445 / 40 p per share

3 ) Page   34 - Current ( Short Term ) Investments

Aggregate Market Value of Quoted Investments  Rs. 8 cr 38 Lakh

Less Book Value ( already accounted in our analysis ) Rs. 2 cr 17 Lakh

Net Hidden Worth  Rs. 6 cr 16 Lakh

Per Share = Rs. 50 / 12 p

Grand Total

1 ) Rs.1921 / 75 p
2 )  Rs. 7445 /40 p
3 ) Rs. 50 /12 p
============

Rs.9417 / 27 p PER SHARE

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Please , also , click this post :-

https://delisting.wordpress.com/2014/07/19/nbi-industrial-finance/

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NBI Industrial Finance - Dissemination Board of BSE / NSE

1 ) As  Delhi Stock Exchange stands  de recognised ,

shares of NBI IndustrialLimited should  soon be 

moved to the DISSEMINATION BOARD of NSE / BSE 


2 ) SEBI has further directed that DISSEMINATION BOARD is 

only a temporary step.

 Such Companies either officially DELIST or RELIST in

 BSE / NSE.

Please , also , click :-

August 22, 2016

NBI Industrial Relisting at NSE ( Please Recheck )

A telephone call made at the Registered Office ,  at Kolkata ,  of NBI Industrial Finance  , the following information was given ( Please Recheck independently )

NBI Industrial Finance has made an application for Relisting at NSE. This application has not yet been accepted by NSE .

The AGM would be held in September and Annual Reports to Shareholders have not yet been dispatched.

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For more on NBI Industrial Finance ( earlier New Bank of India Limited )

http://www.rareindianshares.info/search?q=new+bank+of+india

http://www.rareindianshares.info/2016/08/nbi-industrial-frick-india-carrier.html

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Earlier Post s

http://www.rareindianshares.info/2016/08/nbi-industrial-relisting-at-nse-please.html

http://www.rareindianshares.info/2016/08/is-nbi-industrial-finance-delisting.html

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Financial Highlights of NBI Industrial Finance - 2014

-2015

Gross Profit : Rs. 4 cr 30 Lakh

Net Profit : Rs. 3 cr 85 Lakh

EPS  = Rs. 31 / 33 p

Dividend - NIL

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https://delisting.wordpress.com/2014/07/19/nbi-industrial-finance/

For More on Shree Cement / BG Bangur ,please click :-

http://forbesindia.com/article/india-rich-list-2013/how-hm-bangur-turned-around-shree-cement/36507/1

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A	B	C	J	K	L	M	N	O
1	SHREE CEMENT LIMITED										
2	DETAILS OF HOLDING OF PROMOTERS AS ON 31.3.2002										
4				AS ON 30.6.2001		AS ON 31.3.2002		INCR. 9 MTS (31.3.02)	
5	SN.	FOLIO/	Name of shareholder	SHARES	% of hold	SHARES	% of hold	Inc/ dec(-)	% of
6		BAC NOS.		Nos.	ing	Nos.	ing	agt 30.6.01	incr/dec
7									
8	A		DIRECTORS & RELATIVES						
9	1	10022470	Shri Benu Gopal Bangur	525821	1.51%	525821	1.51%	0.00	
10	2	10023794	Shri Hari Mohan Bangur	540500	1.55%	540500	1.55%	0.00	
11	3	10023815	Smt. Rajkamal Devi Bangur	147400	0.42%	147400	0.42%	0.00	
12	4	10026194	Shri Prasant Bangur	75720	0.22%	75720	0.22%	0.00	
13									
14			TOTAL - INDIVIDUALS	1289441	3.70%	1289441	3.70%	0	0.00%
15									
16	B		BODIES CORPORATES						
17									
18	1	10023430	Digvijay Finlease Ltd.	4195000	12.04%	4195000	12.04%	0.00	
19	2	10018484	Shree Capital Services Ltd.	2105945	6.05%	2352329	6.75%	246384	0.71%
20	3	10018514	Sadasukhi Investments Ltd.	2068659	5.94%	2118507	6.08%	49848	0.14%
21	4	10018522	Sabhisukhi Investments Ltd.	1719382	4.94%	1739771	4.99%	20389	0.06%
22	5	10018654	Newa Investments Ltd.	1419000	4.07%	1419000	4.07%	0.00	0.00
23	6	10018442	Ragini Finance Ltd.	1252000	3.59%	1252000	3.59%	0.00	0.00
24	7	10018573	Didu Investments	1154000	3.31%	1154000	3.31%	0.00	0.00
25	8	10018645	Manasi Finance Ltd.	1130000	3.24%	1130000	3.24%	0.00	0.00
26	9	CDSL-1911	Rambha Investments Pvt. Ltd.	908000	2.61%	908000	2.61%	0.00	0.00
27	10	10023180	NBI Industrial Finance Co. Ltd..	849450	2.44%	849450	2.44%	0.00	0.00
28		& 2348	( IN PHYSICAL 450 SHARES)	450	0.00%	450	0.00%	0.00	0.00
29	11	10018598	The Didwana Industrial Corp.Ltd.	327400	0.94%	327400	0.94%	0.00	0.00
30	12	10018604	The Venktesh Company Limited	320000	0.92%	320000	0.92%	0.00	0.00
31	13	10018467	GBF Investments (P) Ltd.	92131	0.26%	368169	1.06%	276038	0.79%
32	14	10021366	Sulabh Vypar Limited	69100	0.20%	255780	0.73%	186680	0.54%
33	15	10018612	Western India Comm. Co. Ltd.	220650	0.63%	220650	0.63%	0.00	0.00
34	16	10021737	Tullika Investments Limited	220000	0.63%	220000	0.63%	0.00	0.00
35	17	10018475	Ashish Exim Pvt. Limited	167330	0.48%	290310	0.83%	122980	0.35%
36	18	10018493	Pratigyan Capital Services Limited	171213	0.49%	181013	0.52%	9800	0.03%
37	19	10018629	The Laxmi Salt Company Limited	112600	0.32%	112600	0.32%	0.00	0.00
38	20	10018637	Khoobsurat Limited	20400	0.06%	20580	0.06%	180	0.00%
39	21	10018459	Indian Textiles Agency Limited	2800	0.01%	2800	0.01%	0.00	0.00
40	22	10023448	Manakrishna Investments Ltd.	0	0.00%	14724	0.04%	14724	0.04%
41									
42			TOTAL - BODY CORPORATES	18525510	53.18%	19452533	55.84%	927023	2.66%
43									
44			Total Promoters group	19814951	56.88%	20741974	59.54%	927023	2.66%
45									
46									
47									
48									
49			INDIVIDUALS						
50			BODIES CORPORATES						
51			TOTAL						
52			GRAND TOTAL						
53									
54		Summary of Increase in holding of Promoters Bodies Corporates							
55	SN	Total incre.	Name of Company						
56	1	115134	Shree Capital Services Limited						
57	2	49848	Sadasukhi Investments Ltd.						
58	3	20389	Sabhisukhi Investments Ltd.						
59	4	60537	GBF Investments (P) Ltd.						
60	5	186680	Sulabh Vypar Limited						
61	6	73166	Ashish Exim Pvt. Limited						
62	7	3800	Pratigyan Capital Services Limited						
63	8	14724	Manakrishna Investments Ltd.						
64		524278	TOTAL						
65			TOTAL INCREASE FORQUARTER						

Status : Illiquid

NBI Industrial Finance Limited ' shares should be listed on the BSE 

http://rareindianshares.blogspot.com/2010/12/asset-laden-investment-companies.html

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https://delisting.wordpress.com/2014/07/19/nbi-industrial-finance/

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For More on Shree Cement / BG Bangur ,please click :-

http://forbesindia.com/article/india-rich-list-2013/how-hm-bangur-turned-around-shree-cement/36507/1

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  General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

Caution :The blog writer has personal/ family members' holdings in this Company, so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )