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 
     

Share Capital : Rs. 60 Lakh ( Rs. 10 paid up )

Source / For More , please click : -

http://www.msei.in/ListingData/2016/FRICKINDIA/AN/160816_FRICKINDIA_AN_01.pdf

AGM : 26/08/2016 Faridabad 11 AM

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For Annual Report 2015-16 , please click :-

http://www.rareindianshares.info/2016/08/frick-india-annual-report-2015-16.html


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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.

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August 22, 2016

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

Please Click :-

https://www.youtube.com/watch?v=KfSeXluFKLA

https://www.youtube.com/watch?v=sFXDcd5L9ME

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For More on Frick India , please click  :-


http://www.rareindianshares.info/2011/05/frick-india-limited.html

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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 . )