August 20, 2016

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

new post

September 09, 2017



==========================
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 )

--------------
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



======================

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

================================

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


-----------------------------

  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:

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.

ZeeNut said...

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