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Frick India - Market Leader in Industrial Refrigeration. Great Prospects with FDI coming in the Sector of Food Preservation
Questions For AGM
RELISTING
1 ) Frick India was Exclusively Listed at , now defunct , Delhi Stock Exchange
2 ) SEBI directed Relisting or Delisting ( at Fair Price )
3 )Why Relisting at Metropolitan Stock Exchange ? which has no trading Why not Relisting at BSE / NSE
BONUS / SPLIT
Now that (Page 18 ) the dispute ( regarding transfer of shares - Court case in USA has been settled ) what is holding bach the Company from issuing Bonus shares / Split from Rs 10 to Re 1
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( In 2014 -15 Report , it was stated )
LEGAL DISPUTE BETWEEN PROMOTERS ( Page 21 )
Legal disputes are pending between Jang Bahadur Singh ( Dr. JB Singh ) holding 40 % shares under L/f J324 and Jasmohan Singh and his siblings in the Hon ble Delhi High Court and Courts in the USA.
Capital Base Rs. 60 Lakh , Book Value Rs. 1825 + per share
Around 22 acres of Prime Land in Faridabad ( NCR Delhi ) on GT Road near Delhi. .
Page 18 - Transfer Of 1200001 Equity Shares Of The Company - Settlement of Court case Massachusetts,USA
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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 . )
September 09, 2017
Frick India- AGM -2017- Highlights
http://www.rareindianshares.info/2017/09/frick-india-agm-highlights.html
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old / original post
Please Zoom to Enlarge
Frick India - Market Leader in Industrial Refrigeration. Great Prospects with FDI coming in the Sector of Food Preservation
Questions For AGM
RELISTING
1 ) Frick India was Exclusively Listed at , now defunct , Delhi Stock Exchange
2 ) SEBI directed Relisting or Delisting ( at Fair Price )
3 )Why Relisting at Metropolitan Stock Exchange ? which has no trading Why not Relisting at BSE / NSE
BONUS / SPLIT
Now that (Page 18 ) the dispute ( regarding transfer of shares - Court case in USA has been settled ) what is holding bach the Company from issuing Bonus shares / Split from Rs 10 to Re 1
--------------------
( In 2014 -15 Report , it was stated )
LEGAL DISPUTE BETWEEN PROMOTERS ( Page 21 )
Legal disputes are pending between Jang Bahadur Singh ( Dr. JB Singh ) holding 40 % shares under L/f J324 and Jasmohan Singh and his siblings in the Hon ble Delhi High Court and Courts in the USA.
In 2015-2016 - the Dispute Settled in USA Court )
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2015 -2016
So Frick India has , now , no reason , for not declaring a liberal Bonus / Split
Capital Base Rs. 60 Lakh , Book Value Rs. 1825 + per share
Around 22 acres of Prime Land in Faridabad ( NCR Delhi ) on GT Road near Delhi. .
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| AGM at Faridabad on26/08/16 at 11 AM |
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| Company Information |
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| Five Years Financials |
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| AGM Notice |
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| Financials / Dividend |
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| SEBI Directions and Listing With Metropolitan Stock Exchange |
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| Management Analysis |
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| Listing on Metropolitan Stock Exchange - No Trading |
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| Balance Sheet |
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| Massive Investments in Shares etc ( Liquidity ) |
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| Cash Flow |
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| Huge Investments in Shares etc |
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| Huge Investments |
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| 9 Branches all Over India |
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August 22, 2016
Frick India Q1 ( 2017 ) Net Profit Jumps 65 % YOY
For Quarter ( 3 months )
Ended 30 June 2016 / Qtr Ended 30 June 2015
Sales 51 cr 81 lakh Rs. 36 cr 41
Gross Profit Rs. 4 cr 05 lakh Rs. 2 cr 62
Net Profit Rs. 2 cr 59 lakh Rs. 1 cr 58
EPS Rs.43 / 24 p Rs. 26 / 29
Source / For More , please click : -
http://www.msei.in/ListingData/2016/FRICKINDIA/AN/160816_FRICKINDIA_AN_01.pdf
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For Quarter ( 3 months )
Ended 30 June 2016 / Qtr Ended 30 June 2015
Sales 51 cr 81 lakh Rs. 36 cr 41
Gross Profit Rs. 4 cr 05 lakh Rs. 2 cr 62
Net Profit Rs. 2 cr 59 lakh Rs. 1 cr 58
EPS Rs.43 / 24 p Rs. 26 / 29
Source / For More , please click : -
http://www.msei.in/ListingData/2016/FRICKINDIA/AN/160816_FRICKINDIA_AN_01.pdf
Ended 30 June 2016 / Qtr Ended 30 June 2015
Sales 51 cr 81 lakh Rs. 36 cr 41
Gross Profit Rs. 4 cr 05 lakh Rs. 2 cr 62
Net Profit Rs. 2 cr 59 lakh Rs. 1 cr 58
EPS Rs.43 / 24 p Rs. 26 / 29
Source / For More , please click : -
http://www.msei.in/ListingData/2016/FRICKINDIA/AN/160816_FRICKINDIA_AN_01.pdf
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August 22, 2016
Frick India - Videos -Modern State of Art Plant , Faridabad
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.
==============---------
For more on Frick India , please click :-
http://www.rareindianshares.info/2011/05/frick-india-limited.html
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.
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.
For more on Frick India , please click :-
http://www.rareindianshares.info/2011/05/frick-india-limited.html
-----------------------------
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 . )
3 comments:
With such out standing fundamentals and bright prospects because of FDI in Food Preservation , Share price of Frick India should be Rs. 10,000 +.
Why are Frick India shareholders silent and are allowing themselves to be cheated of their due returns ?
At Rs. 10,000 per share , the enterprise value of Frick India works out to be only Rs. 600 crore
It holds a Land Bank of 22 acres at Faridabad ,near Delhi on prime GT Road.
This land alone is worth Rs. 2000 crore upwards.
So ,if Frick India delists , it would have to pay Rs. 35000 40 000 per share.
That is why promoters of Frick India are not delisting.
Do check out this document on NCLT website :
http://nclt.gov.in/Publication/Principal_Bench/2017/397_398/Jang%20Bahadur%20Singh%20&%20Ors.%20Vs.%20Frick%20India%20Limited%20%20&%20Ors..pdf
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