Bharat Commerce - Total loss of Share Holders Value- Risk Factor For All Group Companies

COPY OF LETTER BY SHAREHOLDER OF KESORAM INDUSTRIES

Dear Sir ,

With due respect, we state as under :-

1 ) We hold shares ( Physical )under l / f :.

2 ) We find that the Letter of offer Dt. 22-05-13 ,in the column " Risks Related to the Company " does not include the case of group company - Bharat Commerce And Industries Limited ( earlier known as Bharat Airways Limited "

Bharat Commerce And Inds. Ltd. ( formerly Bharat Airways Limited )  was a Group Company of . Kesoram Industries Limited / Basant Kumar Birla Group.  all old Stock Exchange Directories / Details listed Bharat Commerce as a group company of Basant Kumar Birla (  of Kesoram / Century / ECE etc group ) .

Bharat Commerce and Industries was liquidated and its share holders did not receive a single paisa as compensation , meaning total erosion of share holders 
' value .

No effort was made by the Promoters to safeguard the interests of Shareholders of Bharat commerce by trying to merge Bharat Commerce with any other profitable Group Company like Century Textiles or Kesoram Industries.

This is a very important Risk Factor for shareholders of all Basant Kumar Birla companies , including Kesoram Industries .

Please include this Risk Factor  in the Letter of Offer Dt. 22-05-13 of Kesoram Rights .

With regards ,

( Share Holder of Kesoram Industries )

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Bharat Commerce And Industries Limited

INVESTORS' HELP REQUIRED IN LOCATING PRESENT ADDRESS

History

 Bharat Commerce And Industries Limited belongs to the renowned Basant Kumar Birla Group ( Century  Kesoram ; ECE , Jayshree Tea Etc ). BK Birla is father of Late Aditya Birla and Grand father of Kumar Mangalam Birla ( AB Birla Group - Hinadalco , Grasim AB Birla Nuvo etc)

Bharat Commerce And Industries Limited was originally incorporated as Bharat Airways Limited. Its airline business was nationalised and probably became Indian Airlines ( like Tata Airways became Air India).

Bharat Commerce diversified in to yarn spinning and private helicopters and crop spraying air planes.  Its large capacity yarn units came up at Nagda ( MP )  , Rajpura ( Punjab ) and other places.

Address Not Known

Some time back its Registered address was at Barakhmba Road , New Delhi . Later , it seems it shifted to Nagda ( MP ).But Speed Post letters  containing share transfer documents, sent to these addresses have come back undelivered by postal authorities

Fellow Investors' Help Sought 

Fellow investors Please help in locating Registered Office address of Bharat Commerce And Industries Limited and guide about its present financial health. No Annual Reports. All contact lost  .  SOS

BK Birla Group And AB Birla Group's help , also , solicited

Contact Blog writer :

email : akaj188@gmail.com

Tel : 0181-6541930

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Bharat Comm reg offc 

Birlagram 
Nagda - 456331 - Madhya Pradesh 
Tel. 91-07366-47871 
Fax. 91-07366-44251 

For further details and buy and sell offers contact Dharawat on 08108303330 or emaildharawat1@gmail.com 

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We are most grateful to Mr. Dharawat . We , also, have some blank ( un transferred shares ) of Bharat Commerce ( One pre 1947 Share certificate giving the name as Bharat Airways ). Bharat Airways 's civil aviation business became Indian Airlines ( Indian Airlines later merged in to Air India ( Air India was Tata Airways before nationalisation . And what has become of Air India today. In 1948 it was Tata Airways planes which were pressed in to service to ferry Indian troops to rescue Kashmir Valley  from the Tribal / Pakistan  invasion )

Regarding Bharat Commerce , at the time of the recent  ECE Industries Limited 's Rights Issue we took up the matter with ECE limited as to why Bharat Commerce was not mentioned in the Risks in the Letter of Offer of ECE. Both had their registered offices at Kasturba Gandhi Marg  , New Delhi  The ECE officers denied any link with Bharat Commerce. Similarly , Kesoram Textiles ( Kolkata ) pleaded its inability to give us the address of Bharat Commerce.  To the best of our knowledge both were of Basant Kumar Birla group ( Kesoram / Century ) and most probably , after succession , become part of Kumar Mangalam Birla ( Grasim / Hindalco ).

 About 10 -15 years ago , there was labour trouble in the Mills of Bharat Commerce. It had mills at many locations  including  Rajpura , Thane Nagda. Some units were sold. But why no attempt was made rescue the Company or merge it with Kesoram / Century remains a mystery. 

In my childhood ,mid 1960 s  when we were at Rajpura  ( Punjab )  , the daily routine of the residents of Rajpura was guided by the " ghughoo " ( Factory's Sirens ) of the "Dhaga Mill " ( Yarn Mill ) of the then blue chip Bharat Commerce And Industries Limited .

Today the " Dhaga Mill  " of Rajpura is history.

( In this age of Demat , we , also , miss the old share certificates . Some were very graphic and interesting . We loved to read the history of previous share holders given on the reverse. How lovingly we touched the certificates  in gratitude when ever their rates shot up. )

Ashwani Kumar Aggarwal

Please also visit the link :- 

 http://www.moneycontrol.com/company-facts/bharatcommerceindustries/history/BCI

The fact that Bharat Commerce And Industries belonged to the Basant Kumar Birla group is confirmed by this fact sheet of the popular share portal money.control.com ;

http://www.moneycontrol.com/company-facts/bharatcommerceindustries/background/BCI

The shareholders of Bharat Commerce And Industries should demand the merger of Bharat Commerce with either Kesoram or Century ( and even with Grasim )

Please , also , read ( especially the last para ) of this 2001 Business Standard Report :-

http://www.business-standard.com/india/news/bk-birla-group-mulls-ten-firms-merger/94054/

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July 23, 2011

 

Bharat Commerce - Wound Up - Update by Satyakam Mishra

Dear Mr. Aggarwal

As per the records of Office Of Official Liquidator, Indore, petition 12/04 was filed for compulsory winding up of M/s. Bharat Commerce & Industries Ltd. Nagda dated 11/07/2005 which has already been granted. 

Quoting a 2001 report in 2011, I found that little comical.

Satyakam Mishra

  reachsatyakam@gmail.com

http://equityconnect.blogspot.com/