May 17, 2011

Frick India Limited


new posts

September 09, 2017

Frick India- AGM -2017- Highlights

Frick India-Super-Q1-2018 Results EPS -Rs.98/65p


Please click :-

https://www.msei.in/ListingData/2017/FRICKINDIA/AN/170828_FRICKINDIA_AN_01.pdf

Q1 2018 ( Q1 2017 )

Sales Rs.92 cr ( Rs.53 cr 13 lakh )

Net Profit Rs.5 cr 92 lakh ( Rs.3 cr 35 lakh )

EPS  Rs.98 /65 p ( Rs.55 /75 p )

Equity : Rs.60 lakh ( share Rs 10 paid up )
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Old / Original Post

August 17, 2017

Frick India-Annual Report-2016-17



Please click

http://linkintime.co.in/website/gogreen/2017/AGM/FIL/ANNUAL_REPORT.pdf

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AGM on 08/09/2017 at Faridabad

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old original / post


 new posts

 http://www.rareindianshares.info/2017/06/indofil-frick-india-shares-in-demand.html

May 16, 2017



Frick India-Excellent 2016-17 Results

https://www.msei.in/ListingData/2017/FRICKINDIA/AN/170516_FRICKINDIA_AN_01.pdf

After the resolution of legal cases regarding ownership among the Promoters ,there is  a tremendous overall growth push is sales and profits of Frick India in 2016-17 being the first financial years Post Resolution of ownership disputes

Sales in Q4 ( 3 months ending 31/3/17 )rose by 80% over Q3 ( 3 months ending 31/12/16 ) 

In the previous financial year ( 2015-16 ) there was an exceptional , One Time exceptional  income ,( compulsory land acquisition ) of Rs.3 cr 07 lakh ( shown under Other Income )


This meant in the previous year around Rs.50 /- EPS was on account of this Land Sale.

No such Exceptional Income / Profit in 2016-17

But increase in EPS to Rs.203/07p in 2016-17 which means around 40% increase in net profits from normal operations. 

Dividend -25%

 Frick India is on a fast growth trajectory

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It appears ( PLEASE RECHECK THIS ) that in the Delisted Market  Frick India is not having sellers at Rs.4000 / Share.


  • Blog : Please Do Not Take Any Investment Decision based on this. Please only do a further Self Study /Contact Dealers for the current Rates.   

  • Investors should take note that many a time Dealers falsely ( in a Superficial Two Way Quote )  give a Low Selling rate , although they have no shares for sale so that they can buy ( at artificially Low rate .Actually such Dealers are ONLY buyers.

  •  THERE IS VERY VERY LITTLE FLOATING STOCK OF FRICK INDIA LTD. 
       Frick India would further jump once Metropolitan Stock Exchange ( as is widely expected in the Share Markets ) starts trading in Equities.


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old posts
FRICK INDIA LIMITED

ISIN: INE499C01012


Frick India is a pioneer in industrial refrigeration like cold storage . It appears to have been promoted in 1962  by Frick of USA.( now part of Johnson Controls Group , one of the Top 50 manufacturing Companies of the USA ) - Please recheck this information.

As per the Annual Report of Frick India ( 2011-12 ) Frick India is now Independent.

( Please recheck this information independently also - No Responsibility )

http://www.rareindianshares.info/2012/11/frick-and-johnson-controls-usa-comments.html

The share capital of Frick India is Rs. 60 lakh ( Six Lakh shares of Rs. 10 each .)

 The Book value is around Rs.1000 per share and EPS around Rs. 140 per share for 2009-10. It is expected to be better for the year ending March 2011 .

No. of Shareholders ( 31-03-11 )- 2211 

In the unofficial trading share of Frick India is available around Rs.800 per share. This puts the market capitalisation / enterprise value at around Rs. 50 crore. ( It is noteworthy that in comparison to the enterprise value ,  Frick 's plant is situated on around 22 acres of land on the Main Mathura Road ( GT Road ) Faridabad - NCR ).
( Unconfirmed Sources suggest the present value of  Frick India 's Faridabad land upwards of Rs.100 crore per Acre - PLEASE RECHECK THIS INFORMATION )

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August 26, 2016



Frick India -AGM 2016 -Shareholders' Report

AGM of Frick India was held at 11 AM , on 26/08/16 , at Faridabad

The Management of Frick India was very positive about the future , especially the next 4 -5 years ,of Frick India ,as the share transfer disputes among the Promoters have been resolved and Company can take up , in right earnest , its pending expansion plans 

1 ) The Management agreed to issue Bonus Shares and a Split in face value. If there is need , a Rights Issue , as well.

2 ) To the shareholders' grievance that , at present , they are being offered only Rs. 2000 per share in the grey market as there is no trading in the Metropolitan Stock Exchange , the Management assured that they  go  in for Listing in BSE  and NSE. They said for Listing in BSE ( under SME section ) the minimum share capital required , for Listing  is Rs 3 crore . Frick India is taking steps to meet it. Listing at Metropolitan Stock Exchange is only a stop gap measure.

3 ) Regarding the redevelopment of the prime 22 acres land ( present factory at Faridabad ) would be considered if the Land Laws allow it , as the original land acquisition was for industrial purpose.

4 ) New machines / product lines are being added . Puffing Machine is making ultra thin and well insulated sheets for construction of buildings. Frick India may take up the line of making Pre Fabricated ( specially insulated ) buildings / houses.

 5 ) Frick India would , also , manufacture home / office air conditioners.

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August 22, 2016


Frick India - Videos -Modern State of Art Plant , Faridabad


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August 20, 2016

Frick India- Annual Report -2015-16 - Excerpts - Comments / Q1 ( 2016-17 ) Results




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http://www.rareindianshares.info/2015/12/frick-india-shares-in-demand.html

----------- For further study please click the following Links :-

 http://www.rareindianshares.info/2015/09/frick-india-agm-2015-bse-listing.html
http://www.indiainfoline.com/Markets/Company/Fundamentals/Balance-Sheet/Frick-India-Ltd/40235

 http://www.indiainfoline.com/Markets/Company/Fundamentals/Profit-Loss/Frick-India-Ltd/40235

 http://www.indiainfoline.com/Markets/Company/Fundamentals/Directors-Report/Frick-India-Ltd/40235

 http://www.frickweb.com/index.html

 http://www.trade-seafood.com/directory/suppliers/company/frick-india-in.htm

 Frick India Limited is , also , dealers of Industrial Cooling Towers

http://www.mycitycue.com/Delhi-city/Local-Business/Cooling-Towers/Frick-India-Ltd.html

Shares of Frick India Limited  are listed only at Delhi Stock Exchange which is , presently , closed for trading. Analysts and commentators , especially of delisted shares, are of the opinion that investors of DSE listed asset laden and highly profitable companies like Frick India ,Jullundur Motor etc can gain handsomely  ( immediate around 100 % upwards ) if DSE resumes trading or if DSE listed shares are listed for trading under the " Permitted Shares " category of BSE / NSE

 The Peer comparison with BSE / NSE  Listed companies e.g. Blue Star ,Voltas , Ingersoll Rand etc. in case of Frick and Indian Motor Parts and Accessories ( IMPAL ) in case of Jullundur Motor on parameters of Book Value , PE ratio , Sales  etc supports this contention of the analysts..

 The management of Frick India Limited should :-

 Issue a liberal bonus ( Book value is Rs. 1000 + )
Split the Face Value to Re. 1

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June 03, 2016

Frick India 2015-16 Profits Nearly Double, EPS Rs.195, Book Value Rs.1825


For Year Ending 31-03-2016

Sales : Rs 200 cr 70 lakh

Gross Profit Rs. 18 cr 

Profit Before Tax Rs. 16 cr  28 lakh

Net Profit : Rs. 11 cr 69 lakh

EPS : Rs.194 / 83 p

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As on 31 /03/2016

Share Capital : Rs. 60 Lakh ( 6 Lakh Shares of Rs. 10 each )

Reserves :108 crore 90 lakh 

Book Value Per Share ; Rs.1825

Source

http://www.msei.in/ListingData/2016/FRICKINDIA/AN/160524_FRICKINDIA_AN_01.pdf

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Frick India Listed on Metropolitan Stock Exchange 



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lhttp://www.rareindianshares.info/2015/11/all-dse-shares-like-frick-nbi-on-bse.html

http://www.rareindianshares.info/2015/09/frick-india-agm-2015-bse-listing.html

http://www.rareindianshares.info/2013/04/frick-india-important-issues-of-bonus.htm


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2010-11

Sales Rs. 128 cr ( Previous Year - 93 cr )

Gross Profit Rs. 13.71 cr ( Rs. 11.56 cr )

Net Profit : Rs. 9 cr ( Rs. 8.50 cr )

EPS Rs. 150 . 37 ( Rs. 142.61 ).
  Capital Rs. 60 lakh ( Rs. 10 paid )

Promoters ' Holding 63.75 %.

Disclaimer : Please recheck all figures independently before taking any investment decision . No responsibility with the Blog / Writer

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Click on Image to Enlarge
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Frick India -Excellent Q1 ( Ending 30-06-11 ) Results - EPS Rs. 56 / 36 p

Frick India Limited

 Q-1 ( ending 30-06-11 ) Results

 Q1 ( Ending 30-06-11 )      ( Q1 Ending 30-06-10 )

 Sales - Rs. 32 cr              ( Rs. 20 cr )

 Gross Profit Rs. 4 . 6 cr   ( Rs. 2.65 cr )

 Net Profit  Rs. 3.38 cr    ( Rs. 2 cr )

 EPS  Rs. 56.36 p          ( Rs.33. 37 P )

 Equity Rs. 60 Lakh ( 6 Lakh shares of Rs. 10 each ).

 A Dividend of 20 % has been proposed for the financial year ended 31-03-11
Click on Image To Enlarge

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Frick India Limited- Annual Report ( 2010-11 ) - Comments

Frick India Limited as on 31-03-11 has a Share Capital of Rs. 60 lakh ( Rs. 10 paid up shares ) and Reserves of Rs. 6736 lakh , giving it a Book Value of  around Rs. 1133 per share.

 In the APPLICATION OF FUNDS ( Page 23 - Annual Report - 2010-11 )

 Frick India Limited has Rs. 1733 in Investments ( mainly mutual funds ) and its Net Currents Assets ( i.e. Current Assets minus Current Liabilities ) stand at Rs. 5112 lakh.

 Even if we deduct Rs. 1207 lakh of debt on its Balance Sheet , Frick India Limited has liquid funds worth Rs. 5638 lakh or Rs. 940 per share..

 Future Plan of Action ( Page 4 - Annual Report -2010-11 )

 The Company has entered into an Agreement with Vilter , USA to manufacture complete range of high efficiency reciprocating compressors for export to Vilter under the Buy-back clause of this Agreement and for export to various other international territories . This process would continue

 The Company is continuing to upgrade its Design and Engineering Department in order to be in a position to undertake Malls , Naval and Office Air - Conditioning and Ventilation Jobs.

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Frick India Q3 Results EPS Rs. 69 Excellent

Excellent Top line and Net Profit Growth

 First Nine Months EPS equals nearly last full ( 12 months ) year's EPS

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For Q3 ( 3 Months Ending 31-12-11 )            

Sales Rs. 41 Cr                                                          

Gross Profit : Rs. 5 : 31 Cr                                           


 
Please Click on Image
Net Profit  4 : 14 Cr                                                  

EPS 69                                                                           

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         For First 3 Quarters ( 9 Months Ending 31-12 -11 )                                                   Sales 101 Cr

                                      Gross Profit 11 : 17 Cr

                                              Net Profit 8 : 71 Cr.
                                                       EPS 145



Frick India Excellent 2011-12 Results EPS Rs. 174

Sales : 157 cr

 Gross Profit :15 cr 28 Lakh

 Net Profit : 10 cr 42 lakh

 EPS Rs .174

 Share Capital Rs. 60 Lakh
Face Value Rs. 10 ( Total Shares 6 Lakh )

 Percentage of Promoter Holding : Around 64 %

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Frick India's Q3 ( ending Dec 2013 ) Zooms 192 % ( Please Recheck )

 FRICK INDIA FOR DECEMBER,2013



Sales rise 3.16% to Rs 42.39 crore
Net profit of Frick India rose 192.38% to Rs 3.07 crore in the quarter ended December 2013 as against Rs 1.05 crore during the previous quarter ended December 2012. Sales rose 3.16% to Rs 42.39 crore in the quarter ended December 2013 as against Rs 41.09 crore during the previous quarter ended December 2012.ParticularsQuarter EndedDec. 2013Dec. 2012% Var.Sales42.3941.09 3 OPM %10.383.12 -PBDT4.771.65189 PBT4.391.20 266 NP3.071.05 192

data taken from business standard website. please check at your own end


 THANKS & REGARDS,
TUSHAR S AGARWAL
AHMEDABAD
M# 09824601977
=========================================

 Financial Highlights ( 2014 -2015 )

Sales : Rs.157 cr 44 lakh

Gross Profit : Rs. 9 cr 20 Lakh

Net Profit :Rs. 6 cr 36 Lakh

EPS  ( Rs. 10 paid up share ): Rs 105 / 92 p

Book Value ( per share ) : Rs.1633 /21 p

Share Capital : Rs. 60 Lakh ( 6 lakh shares )

Dividend : 20 %.

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Frick India -Important Issues of Bonus and Relisting



S.L
Your Query(ies)
Answer
01.
 Q-The fact of and reasons for the permission taken to condone the delay in holding the AGM are not stated in the Annual Report (2012)

Company Answers (in Bold )

A. There is no delay in holding the AGM of the Company, accordingly no question of permission for condonation of delay.
Further, the company made an application on 21/08/2012 for an extension of time for the purpose of holding AGM which was granted by the ROC under section 166(1) read with second proviso attached thereto for a period of 3 months.

Q 02.
The reasons for the variance in Provisional Net Profit (2011 -12 ) which gave EPS of Rs. 175 Per Share and Final EPS of Rs. 150 Per Share has not been explained.

A .During our Statutory audit, there was an increase in Provision for Deferred Taxation from Rs.11.77 Lac to 124.45 Lac. Since it is statutory provision, hence we have to provided the same, other wise there is no significant change in net profit (before tax) from Rs.1528.49 Lac (Provisional) to Rs.1508.27 Lac (Audited).
Q 03.
in view of Book Value of Rs. 1280 Per Share and EPS of Rs. 150 Share Holders had taken up with the then Company Secretary Mr. Raman Khalsa, for a Liberal Bonus and a Split. The Annual Report is silent on this,
A.Since company is in expansion mode, the company may consider the same for future requirements of the Company.
Q 04.
Further , Share holders had taken up with Frick India the SEBI guidelines regarding Relisting in BSE / NSE as DSE is non operational
Relevant SEBI guidelines ;-
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1338376477669.pdf
Although the correspondence on this crucial issue was acknowledged by Mr. Raman Khalsa, the Annual Report ( 2012 ) is silent on this  issue.

A .As per Clause 9 of the SEBI Circular no. CIR/MRD/DSA/14/2012 dated May 30, 2012 regarding Relisting in BSE / NSE as DSE is non operational, the said circular apply to only : -

(i) Recognized stock exchanges 
(ii) Stock exchanges that stand de-recognised as on date of this circular 
(iii) Stock exchanges that have applied for derecognition/ exit as on the date
of this circular

Hence, the above-said circular is not applicable to the Company.

Please refer page no. 05 of the SEBI Circular no. CIR/MRD/DSA/14/2012 dated May 30, 2012
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BLOG WRITER

Page 5 of SEBI Circular , as mentioned by Frick India , refers only to Stock Exchanges . Frick India should not Misquote.

Frick India , in the interests of its Non promoter Shareholders , should follow , without any further delay , SEBI Directive dt. 30-05-12 , on Relisting in NSE / BSE.

Please read Page 5/5 of SEBI Circular:-

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1338376477669.pdf

Further , the Company should appreciate the fact that Issue of Bonus Shares does not mean any outflow of funds so the answer that Frick India needs funds for expansion and thus cannot issue Bonus shares is highly illogical and unacceptable to Shareholders

Ashwani Kumar Aggarwal

http://www.rareindianshares.info/2011/05/frick-india-limited.html
( Please Recheck Independently - Information Given In Good Faith )

Caution : Please recheck and recalculate  every figure and fact before taking any investment decision . No responsibility with this Blog / Writer

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

 ( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )



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