CREMICA AGRO FOODS LIMITED was incorporated on 6th September 1989 as a Private Limited Company named as “Cremica Agro Foods Private Limited”. The Company was converted into a Public Limited Company on 15th January 1993. The Company has listed its equity shares on the Metropolitan Stock Exchange of India (MSE).
Cremica Agro Foods Limited was engaged in the manufacture of bread and other bakery products. Though the industry of bread and bakery is showing huge growth both domestic and at the international level due to the availability of different variety of breads and bakery items and changed in eating habits of people in India at large, who used to eat their traditional food have now shifted to other food items. But due to covid-19 there was further drop in sales this year.
Company’s products were divided into three categories- Production and processing of milk and milk related products, agricultural products and meat related products. Manufacturing, producing and processing of milk and milk related products like cream, curd, butter, ghee, cheese, condensed milk, soya milk, malted milk, milk powder, skimmed milk powder, yoghurt, ice-cream, etc. Agricultural products includes grains, cereals, seeds, oilseeds, plants, flowers, vegetables, fruits, chutney, jelly, sauces, jams, pickles and edible oils, meat, fish, eggs, etc. Meat related products consist of processing and packing of meat and dishes.
However, the company is not operating its primary business since 2 years; in fact the company has not earned a single penny in FY 2020 and FY 2021 from its Operations. As the matter of fact, they are also not incurring any operational expenses. The company’s main expenditure comes from mandatory activities like legal fees, auditing fees, Misc expenses, Salaries and Wages, etc.
06 September 1989
Category/Sub-category of the Company
Company limited by shares / Indian non-Government company
Address of the Registered office and contact details
455, Sohan Palace, 2nd Floor, The Mall,
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Pvt. Ltd
Noble Heights, 1st Floor, Plot No-NH-2, C1, Block, LSC, Near savitri Market, Janakpuri, New Delhi-110058
Phone: +91 11 4141 0592
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Manufacture of bread
Manufacture of other bakery
BOARD OF DIRECTORS
Sh. Surendar Kumar Sood (Chairman & Independent Director)
Smt. Samridhi Seth (Independent Director)
Sh. Atul Verma (Independent Director)
Sh. Shantilal Sukalal Chaudhari (Whole Time Director & CEO)
PARTICULARS OF ASSOCIATE COMPANIES
Name of the Company
% of shares held
Mrs. Bectors Food Specialties Limited
CREMICA AGRO FOODS LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
(As on 31-03-2021)
Number of shares
% of total Shares of the company
MRS. BECTORS FOOD SPECIALITIES LTD
India has the 10th-largest arable land in the world and accounts for 7.39% of the global agricultural output. Agriculture sector is one of the biggest sectors in India and contribute about 18% of the GDP. India has a favourable climatic condition. Therefore due to this, it enjoys a favourable position for the cultivation of a wide range of fruits, vegetables, and spices. And the whole industry is set for further growth as household incomes, food processing, and agricultural exports increase.
As per the India economic survey 2018, the production of agriculture activity in India stands at $375.61 billion. India is also the 2nd largest producer of agriculture products. Alternatively, Gross Value Added by agriculture, forestry and fishing was approximately 2.7% in the fiscal year 2019. Over FY10-18 the total agricultural exports from India grew at a CAGR of 16.45 per cent. And in FY29 the agricultural exports from India were US$ 38.54 billion. As a matter of fact, the Agriculture Industry in India was valued at USD 32.2 billion in 2018 and is expected to register a CAGR of 4.1% during the forecast period (2019-2024).
As far as dairy farming is concerned, India endowed with the largest livestock population in the world. It accounts for about 57.3% of the world’s buffalo population and 14.7% of the cattle population. About 20.5 million people depend upon livestock for their livelihood. Livestock contributed 16% to the income of small farm households and an average of 14% for all rural households. Livestock provides livelihood to two-third of rural community. It also provides employment to about 8.8% of the population in India. India has vast livestock resources. Livestock sector contributes 4.11% GDP and 25.6% of total Agriculture GDP. Thus, there is a tremendous potential for increasing the milk production through profitable dairy farming.
In the 2020-21 Union Budget, the Ministry of Agriculture and Farmer’s Welfare has been allocated Rs. 1,31,531 crore. The target for agricultural credit has been increased to Rs. 16.5 lakh crores from Rs. 15 lakh crores in the previous year in order to ensure availability of higher credit to farmers and for sectors like animal husbandry, diary, and fisheries. Allocation towards rural infrastructure development fund is proposed to be increased to Rs. 40,000 crore by 2021-22.
PROFIT & LOSS STATEMENT OF CREMICA AGRO FOODS LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF CREMICA AGRO FOODS LIMITED (In Rs. Lakhs)
31ST March 2021
31st March 2020
NON CURRENT ASSETS
Property, Plant & Equipment
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
Reserves and Surplus
NON CURRENT LIABILITIES
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
PERFORMANCE OF THE COMPANY
The company has not earned anything from its operations. The company is not operative at all since 2 years. The main source of income for the company for these two years was the Interest Income which they earned on Capital Advances.
EBITDA of the company improved from a loss of Rs. 36.88 lakhs in FY 2020 to a loss of Rs. 15.93 lakhs in FY 2021.
Net Profit of the company decreased by 56.38% i.e. from Rs. 8.63 lakhs in FY 2020 to Rs. 3.77 lakhs in FY 2021.
Current Ratio of the company as of 31st March 2021 was 6.22.
Debt to Equity ratio of the company as of 31st March 2021 was 0 as there was no debt.
Book value per share of the company as on 31st March 2021 stood at Rs. 20.24.
The company has not given any dividend from the past two years.
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