RAJ OIL MILLS Share price

History and Major EventsRaj Oil Mills Limited was incorporated on October 17 2001 vide Registration No. 11 - 133714. Our Company has received Commencement of Business Certificate on November 6 2001. The Company was formed to undertake the business of buying selling manufacturing processing of edible oils edible oilseeds and other related products.Our Company was promoted by Mr. Shaukat S. Tharadra. It acquired the running business of M/s. Raj Oil Mills partnership firm (exclusive of Land & Building and intangible property in the form of Brands Trademarks and Copyrights) vide Deed of Assignment dated April 29 2002 w. e. f. April 1 2002 for a consideration of Rs. 75 lacs. M/s. Raj Oil Mills partnership firm founded in the year 1943 by late Mr. HajiSuleman Jamal (father of Mr. Shaukat S. Tharadra). In the year 1966 late Mr. Haji Suleman Jamal passed away giving the reins of the business to Mr. Shaukat S. Tharadra.Our Company or M/s. Raj Oil Mills partnership firm have not carried out any valuation from any independent valuer. The mentioned transaction took place at a lump sum amount of Rs. 75 lacs as a consideration for assignment of the running business M/s. Raj Oil Mills partnership firm through the mutual consent of our Company and M/s. Raj Oil Mills partnership firm through entering the mentioned deed of assignment.This transaction was carried out as Slump Sale as per the provision of section 50B of the Income Tax Act 1961. Further as per the provision of sub-section (3) of section 50B of the Income Tax Act 1961 M/s. Raj Oil Mills partnership firm furnished the required details of this transaction in the prescribed form (Form No. 3CEA) along with necessary documents to Income Tax department.The value of all those assets and liabilities which were acquired during this transaction were valued at their book value and the excess of the value taken over as compared to liabilities taken over had been credited to Capital Reserve account of our Company. The value of the assets and liabilities has been ascertained in the books of our Company.Through five different Agreements dated December 17 2007 December 20 2007 December 31 2007 December 26 2007 and December 13 2007 respectively entered into between our Company and M/s. Raj Oil Mills partnership firm at total consideration of Rs. 5555 our Company acquired all intangible property in the form of Brands Trademarks and Copyrights from M/s. Raj Oil Mills partnership firm. M/s. Raj Oil Mills was owner of ?Cocoraj? ?Guinea? and ?Raj? brands which later became the umbrella brands of ourCompany.Chronology of the events of acquisition of M/s Raj Oil Mills Partnership firm is as follows:DATE PARTICULARS REMARKS1 18-Feb-1959 M/s Raj Oil Mills Partnership Firm The partnership firm was engaged in the was formed and obtained Registration business of dealing in edible oil. No. B-8203.2 17-Oct-2001 Raj Oil Mills Limited the company The company was formed to undertake was incorporated vide Registration the business of buying selling No. 11-133714. manufacturing processing of edible oils edible oil seeds and other related products. 3 29-Apr-2002 Raj Oil Mills Limited the company Land Building and Intangible Property took over the running business of (i.e. Brands Trademarks and Copyrights) Partnership Firm--Raj Oil Mills vide were not taken over and this transaction Deed of Assignment with effect from was in the nature of Slump Sale as per 1st April 2002 for a consideration of Section 50B of Income Tax Act 1961. Rs. 7500000/- (Rupees Seventy Five Lacs only).4 As per dates Five Deeds of Assignment of Total Consideration is Rs. 5555/- mentioned Trademarks & Labels: (Rupees Five Thousand Five Hundred below: Assignor: M/s Raj Oil Mills and Fifty Five only). Break-up is Partnership Firm. mentioned below: Assignee: Raj Oil Mills Limited.(a) 17-Dec-2007 Agreement 1. Consideration paid Rs. 1111/- (Rupees One Thousand One Hundred & Eleven only)(b) 20-Dec-2007 Agreement 2. Consideration paid Rs. 1111/- (Rupees One Thousand One Hundred & Eleven only)(c) 31-Dec-2007 Agreement 3. Consideration paid Rs. 1111/- (Rupees One Thousand One Hundred & Eleven only)(d) 26-Dec-2007 Agreement 4. Consideration paid Rs. 1111/- (Rupees One Thousand One Hundred & Eleven only)(e) 13-Dec-2007 Agreement 5. Consideration paid Rs. 1111/- (Rupees One Thousand One Hundred & Eleven only).5 After the divestment of Edible Oil business Raj Oil Mills partnership firm is engaged in the business of builder and developers.Our Company currently manufacturing Coconut Oil and Coconut Cake and also carry out filtering and refining of various edible oils such as Groundnut Oil Mustard Oil Cottonseed Oil etc.Year Events2001 * Incorporated as a Public Limited Company on October 17 2001 * Obtained Commencement of Business Certificate on November 6 20012002 Acquired the running business of M/s. Raj Oil Mills partnership vide Deed of Agreement dated April 29 2002.2004 Acquired 16000 sq. mtrs. of land at village Ten Manor taluka Palghar district Thane state Maharashtra2005 In March 2005 all Plant and Machinery were shifted from Andheri (East) Mumbai to the new site at Manor Thane2007 * Expanded capacity from 20000 TPA to 35000 TPA * Introduced a new product under the brand name of ?Cocoraj Cool? 2008 Introduced a new product under the brand name of ?Cocoraj Enriche?