Registered Office & Factory :-
Village Meharbanpura ,
P.O. Jandiala Guru ,
GT Road ,
District : Amritsar
Pin :143115
Managing Director : Satbir Nijjer
Directors
WS Nijjer
KC Mehra
Dr. GS Kalkat
Mrs. Navdeep Nijjer
Prof. UC Singh
S Sengupta
Nijjer Agro Foods Limited was set up in 1988 to set up an agro processing ( mainly tomato processing and dairy plant ) in Amritsar District.
Financials ( 31-03-2009 )
Share Capital : Rs. 10 cr 20 lakh
Face Value : Rs. 10
( 2008-09 )
Sales Rs.12 cr 14 lakh
Gross Profit : Rs. 2 cr 12 lakh
Net Loss : 66 lakh
Nijjer Agro which has nearly wiped out its share capital due to accumulated losses is coming back to positive. It is not under BIFR and it has arrived at a negotiated settlement with financial institutions and dues have been cleared.
Nijjer Agro had been processing ketchup etc. for Nestle India. The loss making milk plant has been closed . It has diversified in to fruit pulp / juices. It has been producing amla juice for Patanjali Ayurveda Limited.
Nijjer Agro seems to be turning around. Its product portfolio fits well with large grocery chains with whom there may be a strategic tie up in future.
Nijjer Agro 's factory is set up on a large piece of land on the GT Road . The market value of this land is many times its book value.
Demat %: Around 58 %
Listing: Was Listed in BSE - But trading suspended due to Non Payment of BSE's listing fees
Status : Illiquid
-------------------------------------------------------------------------------------
Nijjer Agro Foods May Gain From Recent Bankruptcy / Restructuring Laws
Recently enacted Insolvency / Bankruptcy Laws and Asset Restructuring procedures enabling New Investors for NPA / debt laden companies has infused fresh life in to moribund shares like Amtek Auto.
Another such company may be Amritsar based Nijjer Agro Foods ( Delisted for non compliance from BSE).
Nijjer Agro Foods is asset laden
It has a huge land holding on GT Road ( Near Amritsar Toll Plaza ) and an excellent production facility.
Nijjer Agro Foods used to make Maggie sauces / ketchups for Nestle and supplied Amla juice to Patanjali.
It , also, had a milk plant/ ice cream factory.
Earlier there were unconfirmed reports of Nestle, Reliance Fresh etc were interested in taking over.
May be time has , now finally come for New Investors /Promoters to move in .
----------
INVESTORS UNITE to Fight For Our Rights
HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
------------
SAADA HAQ , ETHEY RAKH
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer