KRBL Share price

KHUSHI RAM BEHARI LAL LIMITED was started as a partnershipfirm in the year 1988 - the partners being Mr. Anil K.Mittal Mr. Anoop K. Gupta and Mr. Arun K. Gupta under thename and style M/s. K.B. Overseas. The partners of thefirm then promoted M/s. Khushi Ram Behari Lal Ltd. with theintention to take over the operations and businesses ofthe partnership firm with effect from April 1 1993. TheCompany was incorporated on 30th March 1993 and thecertificate of Commencement of Business was obtained on26th April 1993 from the Registrar of Companies Delhi andHaryana with the object to process paddy. All the balancesof the partnership firm as appearing in the books ofaccount as on 31.03.1993 were transferred in the company''sname at their book values.The promoters of the company Shri. Anil K. Mittal Shri.Arun K. Gupta and Shri. Anoop K. Gupta hail from an oldbusiness family engaged in the trading of agro productssince 1889 in Lyalpur (presently in Pakistan). After thepartition of the country and a split in the family thepromoters of the company re-established themselves in Delhias commission agents and traders of various agro product.Thereafter they started merchant export of rice in thepartnership firms M/s. K.B. Overseas and M/s. KhushiramBeharilal (Export Division). The manufacturing activityi.e. processing of paddy were started in M/s. K.B.Overseas from 1st March 1992.The company has been exporting its entire produce tovarious buyers in Saudi Arabia. The export turnover of thecompany has risen from Rs. 4.95 crores in 1992 to Rs. 24.46crores for the year ended 31st March 1994. The exportturnover of the group for the same period has risen fromRs. 17.02 crores to Rs. 72.47 crores. The group has beenrecognised by the APEDA with a merit certificate this year.According to APEDA the group is second in merit in termsof rice export turnover.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in theMemorandum and Articles of Association inter alia are asfollows:1. To separate husks from paddy or other products therefromof any description2. To produce purchase sell store or otherwise deal inrice/paddy cereals pulses and food grains of all kinds andother allied produce.3. To treat cure submit to any process of manufacture andprepare for the market agricultural products of all kinds orthings whatsoever including dairy piggery farm and gardenproduce of all kinds.4. To carry on the business of bottlers canners packerspreservers co-opters dehydrators maltstersmanufacturers dealer and merchants of fruits herbsvegetables tonics favoured drinks nectars fruit juicespunches vinegar acetic acid glucose malts hopsmustard pickles sauces squashes symps essencesaerated waters grains meal yeast and deal in all otherssuch materials and things used in connection with any of theabove.5. To carry on the business of commission agentsconsultants brokers stockists warehouse keepersimporters exporters wholesellers or retailers of any orall of the items as referred to in para (1) to (4) above.SUBSIDIARY OF THE COMPANYThe Company does not have any subsidiary within the meaningof Section 4 of the Companies'' Act 1856.