September 26, 2010

Nijjer Agro Foods Limited

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

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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

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gsuri said...

Am holding some shares in Nijjer Agro Foods Limited. How is it placed?