Wadias- Macrofil Investments- National Peroxide

http://www.rareindianshares.info/2018/03/ca-s-valuers-nclt-professionals-should.html

new post

October 03, 2017


Macrofil Investments- Share Consolidation to Rs.5000. To Kick Our Small Investors

Macrofil Investments has chosen the cheap trick of consolidating the face value of its share from Rs. 10 to Rs. 5000 to kick out loyal Non Promoter shareholders at a fraction of Intrinsic NAV.


Macrofil Investments claimed that at an EGM dt 18 /07/17 such a Resolution was passed.

We ( shareholders ) never received this EGM Notice. 

Macrofil Investments is an Asset Laden Company holding Promoters shares of National Peroxide.



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Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.



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Shareholders of Macrofil Investments / Investor Community should oppose tooth and nail such anti small shareholder tactics.by 


1 ) writing to Macrofil Investments at

 NEVILLE HOUSE J NHEREDIA MARG BALLARD ESTATE MUMBAI MH 400001 IN

2 ) Filing Objections with National Company Law Tribunal ( NCLT ) Mumbai Bench where this Petition by Macrofil is pending 
Address6th Floor, Fountain Telecom, Building 1, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra 400001
Phone022 2261 1456
3 )
 writing to ( as this is an Unlisted Company )

Ministry of Corporate Affairs,
'A' Wing, Shastri Bhawan, Rajendra Prasad Road, New Delhi, Delhi 110001


Shareholders should , also ,demand listing of Macrofil Investments in NSE / BSE

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Please also click



Investors Use Section 245 Against Microfil Investment Share Consolidation


Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and 

mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act, 

Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent," 
he said. 

Read more at:


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Recently Digvijay Finlease made a proposal of consolidating the face value of its share from Rs. 10 to Rs. 1000. Those holding fractions i.e. holding 1 to 99 shares were to be compulsorily paid Rs. 200 per Rs. 10 share. The intrinsic NAV of one share of Digvijay Finlease ( Rs. 10 paid up ) had been worked out by some to be Rs.40,000 .


After shareholders raised the matter with the Company. Ministry of Corporate Affairs , New Delhi and NCLT , Digvijay was forced to withdraw this Anti Small Shareholder step .


http://www.rareindianshares.info/2017/09/digvijay-finlease-withdraws-share.html 


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WE WILL WIN AGAIN - WE WILL PUT UP A UNITED FIGHT

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old/ original post

Nusli Wadia , Promoter of Bombay Dyeing / Britannia Group is further increasing his stake in National Peroxide Limited by buying out fellow Promoter , MNC Solvay's 25% stake.

http://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/wadias-to-buy-out-solvays-25-stake-in-national-peroxide/articleshow/57881881.cms


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Macrofil Investments Limited is an Investment holding company of Wadias .Macrofil Investments holds shares of National Peroxide , Bomcay Dyeing etc.Macrofil Investments has Non Promoter / Public Shareholders. Macrofil is Unlisted.

Macrofil Investors are demanding Value Unlocking/ Fair Returns

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old posts

September 1

4, 2016


Macrofil Investments - Shareholders Demand Fair Value Payment / Listing

In recent days , shares of Nusli Wadia / Bombay Dyeing group have jumped.

Shareholders of Promoters' Holding Company , Macrofil Industries Limited ( Unlisted ) are demanding Payment of Fair Value or Listing in BSE / NSE.

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OLD POST

June 18, 2009



Macrofil Investments Limited

Macrofil Investments Limited ( Registered Office : 9 , Wallace Street , Mumbai-1 ) is the promoters ' holding company of Nusli Wadia group ( i.e. Bombay Dyeing group ).

Macrofil Investments Ltd. was incorporated by Bombay Dyeing. The investments of Bombay Dyeing were transferred to this company. The shareholders of Bomaby Dyeing were offered subscription of shares of this company. Very few applied. Most of new shares were allotted to promoters of Bombay Dyeing.

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June 18, 2009


Macrofil Investments Limited

Macrofil Investments Limited ( Registered Office : 9 , Wallace Street , Mumbai-1 ) is the promoters ' holding company of Nusli Wadia group ( i.e. Bombay Dyeing group ).

Macrofil Investments Ltd. was incorporated by Bombay Dyeing. The investments of Bombay Dyeing were transferred to this company. The shareholders of Bomaby Dyeing were offered subscription of shares of this company. Very few applied. Most of new shares were allotted to promoters of Bombay Dyeing.

Macrofil Investments Limited holds , at cost price, a large holding of other group companies mainly National Peroxide Ltd. The market worth of the holdings is many times the book value .The company had offered Buy Backs and further reduced the share capital.

Financials : as on 31-03-2010

Share Capital : Rs.44 Lakh ( Face value per share Rs. 10 )
Reserves : Rs. 5 cr 5 lakh
Net Profit : Rs. 1 cr 83 lakh
Dividend : 120 %

Further , the market value of quoted  shares is Rs.52 cr.55 lakh against Book Value Rs. 5 cr 21 lakh

Thus the share has Tremendous Hidden Worth.

Status : Unlisted and Illiquid

This makes the share ideal for investment by Collector - Investor class


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Please , also , click :-

http://www.rareindianshares.info/2010/12/asset-laden-investment-companies.html

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Macrofil Investments ,Digvijay Finlease , NBI Industrial Finance and other Unlisted Promoters' Holding Companies should follow the examples of

1 ) Max India Promoters are paying a fair price of Rs.94 for every share ( Re. 1 paid up ) of their Unlisted Holding Company - Cheminvest Limited.

http://www.rareindianshares.info/2016/06/unlisted-max-india-promoter-companies.html

2 ) Reliance Industries Promoters gave 1 share of Reliance Industries for every 1 share of their Unlisted Holding Company - Farm Enterprises Limited ( earlier  Reliance Enterprises ) 

http://www.rareindianshares.info/2015/12/farm-enterprises-shareholders-get-new.html

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HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY



( Josh Malihabadi )
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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 . 

March 28, 2017

Buying 100 Digvijay Finlease

An Investor ( from Gujarat ) wishes to buy 100 shares of Digvijay Finlease Limited

Please SMS

07990984382

Frick India Main Beneficiary of Massive Cold Chain Investment

new posts


August 29, 2017

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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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

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

Frick India is the Market leader , in India , of Industrial Refrigeration/Cold Stores Equipment


Range Of Frick India's Business


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What is a Cold Chain ?

https://en.wikipedia.org/wiki/Cold_chain

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News

Leveraging ₹3,100 crore investment will boost food processing sector

The Centre has sanctioned 101 new integrated cold chain projects that will leverage a total investment of ₹3,100 crore for creation of modern infrastructure for the food processing sector, the Ministry of Food Processing Industries (FPI) said on Monday.

source/ for more


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Big Basket, Haldiram, Amul among 101 cold chain projects okayed


for more


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OLD POST

August 20, 2016


Frick India- Annual Report -2015-16 - Excerpts - Comments

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

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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.

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. . 


AGM at Faridabad on26/08/16 at 11 AM 

Company Information

Five Years Financials

AGM Notice

Financials / Dividend

SEBI Directions and Listing With Metropolitan Stock Exchange

Management Analysis
 Page 18 - Transfer Of 1200001 Equity Shares Of The Company - Settlement of Court case Massachusetts,USA

Listing on Metropolitan Stock Exchange - No Trading

Balance Sheet

Massive Investments in Shares etc ( Liquidity ) 

Cash Flow

Huge Investments in Shares etc


Huge Investments

Huge Investments

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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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.

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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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old comments

2 comments:

Keshav Aggarwal said...
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 ?
Anonymous said...
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.

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It appears some shares of Frick India are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
----------------------------

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 . )

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