2011 Annual report.
- They have given loans to associate companies and made provisions for bad debts. Are they transferring wealth from Shervani to somewhere else?
- There Public shareholding >1% looks like they own stake. eg. Frost Traders (recently changed name of subsidiary to Frost foods), Aslam Qadar khan (Aslam Family trust). If this is the case they own more than 80%
- There is virtually no trading activity happening on the exchange. 1 or 2 trade happens on daily basis.
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Geep ( Shervani ) is very good investment at this rate and it can go up to four figures as it is asset laden and with a very small share capital of around Rs. 3 crores. Book Value Rs.600 / share. But it is not a Gillette group company. t sold out its Geep brand to Gillette and converted its huge factory land in Allahabad in to a massive Real Estate project ( Shervani Legacy ). Geep further owns a biscuit factory and owns shares in Group `s Hotel, Sugar and Electronic component manufacturing units
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