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जीआरएम ओवरसीज > कंपनी इतिहास > Food Processing > कंपनी इतिहास का जीआरएम ओवरसीज - बीएसई: 531449, NSE: N.A

जीआरएम ओवरसीज

बीएसई: 531449  |  NSE: N.A  |  ISIN: INE192H01012  |  Food Processing

कंपनी इतिहास - जीआरएम ओवरसीज
The company was originally established as a partnership firm in the
 name of M/S GARG RICE & GENERAL MILLS in the year 1974, with the
 following partners:
 
    I)   SH. MUNNA LAL
    II) SMT. SUNEHERI DEVI
    III) SH. SHIV DHAN MAL
    IV)  SH. HUKAMCHAND
    V)   SH. SURESHKUMAR
 
 This partnership was formed under an oral agreement on 21-1-1974
 which was executed vide a document of partnership deed dated February
 2, 1974.
 
 The main object of the firm was to carry on business of running of
 rice sheller at Panipat. This firm took over the assets and
 liabilities of another Firm M/S GARG RICE INTERNATIONAL with effect
 from 10/11/94, as the partners of Garg Rice International were facing
 difficulty in getting the export orders due to lack of finance.
 
 The details of the assets and liabilities of M/s. Garg Rice
 International taken over by Garg Rice and General Mills, are as
 under:
 
 Liabilities         Amount       Assets         Amount
 
 Partner's Capital  2065000.00   Securities        1300.00
 
 Secured Loans      2176640.31   Advances to     670000.00
                                 Suppliers
 
 Current Liabilities7777264.34   Closing Stock 11441186.58
 
 Expenses Payable     96900.00   Cash & Bank       3318.07
                                 Balance
 
 No consideration other then the credits to the partners capital
 account was paid for the take over.
 
 The partnership deed of the firm was modified from time to time and
 following were the partners in M/s Garg Rice and General Mills on
 2-1-1995.
 
 I)    SH. HUKAM CHAND GARG
 II)   SH. ROHIT GARG
 Ill)  SH. SUDARSHAN KUMAR BANSAL
 IV)   SH. KARORI MAL BANSAL
 V)    SH. SHIV NARAIN BANSAL
 VI)   SH. AJAY KUMAR BANSAL
 VII)  SMT.JUGPATI GARG
 
 The firm started its operations with one Rice Sheller of capacity 1
 tonne Paddy per hour and increased its capacity to 2 tonns Paddy per
 hour in 1980. Till 1987-88, the firm was engaged only in processing
 of rice for sale in the domestic market. The firm entered the
 international market in the year 1988-89, when it started exporting
 to Saudi Arabia. For the year 1989-90 the firm achieved an export
 turn over of Rs. 184.73 lacs out of total turn over of Rs.247.41
 lacs. For the year 1994-95 the firm's export turn over is Rs.1164.40
 lacs, thus representing a growth of over 6 times in the export
 sales.
 
 The firm's brand name 'Kamdhenu' is registered under the Trade and
 Merchandise Marks Act, 1958 and has been alloted Trade Mark Nos. 
 516152.vide their letter dated September 4, 1989. The company has
 also been alloted Trade Mark Registration No. 648685 for its brand
 name 'CHEF' by the Trade Marks Registry, Bombay vide their letter
 dated
 December 14, 1994. 
 
 GARG RICE & GENERAL MILLS was converted into a public limited company
 on 03-01-1995 under part IX of the Companies Act, 1956 and is
 registered as GRM Overseas Limited with the Registrar of Companies,
 NCT of Delhi &
 Haryana at New Delhi. It obtained its certificate for commencement of
 business on 30-1-1995.  GRM Overseas Ltd. took over the existing
 business of Garg Rice And General Mills at Book Value.
 
 GRM Overseas Ltd. has been promoted by Sh. Hukam Chand Garg, who is
 an experienced business man and is well versed with Rice trade.  The
 Company is presently operating Rice milling unit with installed
 capacity of 2 tonnes per hour in Panipat.
 
 The Directors of the company have got the land & building of the
 Company revalued at Rs 2,10,36,260 vide valuation report no.KH/
 PNP/95 dated 24/06/1995 by S.S. Khurana and Associates and
 accordingly made the revaluation reserve of 194.86 Lacs in the books
 of accounts. 
 
 PRESENT BUSINESS
 
 The Company is presently engaged in processing of rice at Gohana
 Road, (Near Sugar Mills) Panipat, Haryana. It has two Plants of 1
 Tonne Capacity each. The site is around one Kilometre from National
 Highway No. 1 G.T. Road. The unit is well equipped with modern
 machinery which is proposed to be further enhanced. The unit operated
 at a capacity
 utilisation of 32% in the year 1991-92 which nearly doubled to 68% in
 the year 1993-94. Presently the company is working at 80% capacity
 utilisation.
 
 2004
 
 -The company has recommended dividend @10%
 
 2012
 
 -The company has recommended dividend @ 20%
 
 2013
 
 -GRM Overseas Ltd has recommended dividend @20%
 
 2014
 
 -GRM Overseas Ltd recommended Dividend @ 20% 
 
 -GRM Overseas Ltd appointed Kiran Dua, as Additional Director in
 Capacity of independent Director of the company.
 
 
स्रोत: रेलीगरे टेचनोवा

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