January 29, 2016
http://www.rareindianshares.info/2015/12/tide-water-oil-take-over-bid_18.html
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Tide Water Oil - Bonus / Split to be Considered
Tide Water Oil , which is presently , under a hostile take over bid , has announced that its Board meeting scheduled for 15 /01//2016, Bonus / Split would be considered :-
http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=2465401
http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=2465401
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Tide Water Oil Company ( India ) Limited
Board of Directors
Kallol Datta
I Sengupta
Subir Das
Ashim Mukherjee
AK Datta
SS Mahlawat
RN Ghosal
Registered Office
" Yule House " ,
8 , Dr. Rajendra Prasad Sarani ,
Kolkata - 700 001
RTA
MCS Limited
Kolkata
Originally named Eastern Oil Products Limited ( incorporated in 1921 ) the name was changed to Tide Water Oil Co. Ltd. in 1928.
The promoters of Tide Water Oil Co. are Govt. owned Insurance companies ( around 15 % of total equity ) and Govt. controlled Andrew Yule And Co. ( around 26 % ) and around 3 % with Trust.
Main business activity is manufacture of lubricants which are marketed under the brand name " VEEDOL "
It also has wind energy division which helps Tide Water Oil to save taxes by way of depreciation and other benefits
Plants Location
Lubricants
Silvassa
Turbhe ( Maharashtra )
Faridaba
Oragadam ( Tamil Nadu )
Ramkristopur ( West Bengal )
Windmills
Villages
Kasthurirengapuram
Kumbikulam
Tirunelveli
( Tamil Nadu )
Equity : Rs. 87 lakh
Face Vaue : Rs. 10
Reserves Rs. 261 crore
( Book Value : Around Rs. 3000 per share )
ZERO DEBT
Financials For 2010 -11
Sales : Rs. 861 cr.
Gross Profit : Rs. 104 cr
Net Profit Rs. 64 cr
( EPS Rs. 736 )
Dividend : 600 % ( Rs. 60 per share )
Listed at Calcutta Stock Exchange and Trading Permitted at Bombay Stock Exchange ( BSE )
No. of Shareholders : Around : 13450
Fairly Liquid ( Daily Quotation Available )
CMP : Around Rs. 7000
A noteworthy feature is that Tide Water Oil has lent Rs. 17 cr to its Tide Water Oil Co. ( India ) Limited Employee Welfare Trust. This amount would be utilised by this Trust to acquire from the secondary market shares of Tide Water.
http://www.tidewaterindia.com/
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Tide Water Oil Co. ( India ) Japanese Joint Venture- Rs. 108 Cr Windfall
Tide Water Oil Co. ( India ) Limited which has a technical collaboration Agreement with JX Nippon Oil And Energy Corporation Japan ( JXNOE ) earlier known as Mitsubishi Oil Co. , is transferring this Collaboration business with JXNOE to a 50 : 50 Joint venture.
Tide Water would get a windfall of Rs. 108 Crore ( Tide Water Equity Rs.87 Lakh - Share Rs. 10 Paid )
http://www.rareindianshares.info/search?q=tide+water
Tide Water would get a windfall of Rs. 108 Crore ( Tide Water Equity Rs.87 Lakh - Share Rs. 10 Paid )
http://www.rareindianshares.info/search?q=tide+water
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 any likely over optimism .
( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )
