CREMICA AGRO FOODS LIMITED UNLISTED SHARE
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.
INCORPORATION DETAILS
|
CIN |
L15146PB1989PLC009676 |
|
Registration Date |
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, Ludhiana-141001, Punjab |
|
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 E-mail: delhi@linkintime.co.in |
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 |
10711 |
Nil |
|
Manufacture of other bakery products N.E.C. |
10719 |
100% |
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 |
43.09% |
CREMICA AGRO FOODS LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
4495500 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
Market Capitalisation |
18.43 Crore |
|
ISIN: |
INE050S01019 |
|
Pan No. |
AADFK3384J |
|
GST No. |
|
|
Lot Size: |
100 |
|
Last Traded Price: |
41 |
SHAREHOLDING PATTERN
(As on 31-03-2024)
|
S. No. |
Shareholder’s Name |
Number of shares |
% of total Shares of the company |
|
1 |
MRS. BECTORS FOOD SPECIALITIES LTD |
19,37,268 |
43.09% |
|
2 |
ANOOP BECTOR |
50,325 |
1.12% |
|
3 |
DHARAMVIR BECTOR |
54,039 |
1.2% |
|
4 |
PUBLIC SHAREHOLDING |
24,53,868 |
54.58% |
|
|
Total |
44,95,500 |
100% |
INDUSTRY OUTLOOK
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 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.
SectorFinancial Service
LTP 1010.00 (+ 1.10 %)
Market Cap 80,190.32 Crore
EPS 30.99
PE32.59
BV 187.41
P/BV 5.39
FV 10
Shares793,963,539
SectorFinancial Service
LTP 9999.00 (-2.45 %)
Market Cap 15,893.01 Crore
EPS 598.25
PE16.71
BV 1276.69
P/BV 7.83
FV 10
Shares15,894,600
SectorFinancial Service
LTP 14.50 (-3.33 %)
Market Cap 8,754.90 Crore
EPS 0.22
PE65.91
BV 2.13
P/BV 6.81
FV 1
Shares6,037,864,375
SectorFinancial Service
LTP 7.75 (-3.13 %)
Market Cap 4,650.17 Crore
EPS -0.03
PE-
BV 0.40
P/BV 19.38
FV 1
Shares6,000,217,033
SectorFinancial Service
LTP 1650.00 (-2.94 %)
Market Cap 408,375.00 Crore
EPS 33.56
PE49.17
BV 96.87
P/BV 17.03
FV 1
Shares2,475,000,000
