Tribhovandas Bhimji Zaveri Share price

The business of the Company was carried on as a partnership between Tribhovandas Bhimji Zaveri and others andthe first partnership deed was entered into on January 3 1949. The business of the partnership was predominantly ofgoldsmiths and jewellers under the name of M/s Tribhovandas Bhimji Zaveri. The partnership was reconstituted atseveral points of time owing to the induction of new partners and retirement of existing partners.The partners retired through deeds of retirement which detail the division of the assets and liabilities between theretiring partners and the continuing partners. By the deeds of retirement certain of these retiring partners have theright to use the brand name "Tribhovandas Bhimji Zaveri" with the modifications through prefixes and suffixesspecified in the respective deeds. Two of the retiring partners have the right to use the brand name "TribhovandasBhimji Zaveri" with or without such modifications. In addition one retiring partner has such right only outsideIndia. Consequently these retiring partners and their heirs use the name "Tribhovandas Bhimji Zaveri" with prefixor suffix as a part of their trade name or corporate name.Pursuant to the deeds of retirement the continuing partners entered into deeds of reconstitution in which theyrestated the existing assets and liabilities of the business. The rights and liabilities of the partners as under the newpartnership deed are mentioned including the division of profits and the management of the partnership.Consequent to the retirement of several partners and family settlement arrangements from the year 1991 thepartnership consisted of Gopaldas Tribhovandas Zaveri Nirmal Gopaldas Zaveri and Shrikant Gopaldas Zaveri.Gopaldas HUF and Nirmal Zaveri HUF were inducted as partners by the deed of partnership dated March 3 1998.By the deed of retirement dated December 11 2000 Nirmal Gopaldas Zaveri Samrat Nirmal Zaveri NirmalGopaldas Zaveri HUF and Gopaldas Tribhovandas Zaveri HUF retired from the partnership.From 2000 until 2007 the partnership consisted of Kamlaben Gopaldas Zaveri Shrikant Gopaldas Zaveri BinaishaShrikant Zaveri Raashi Shrikant Zaveri and Bindu Shrikant Zaveri. The partnership as last reconstituted through adeed of reconstitution dated February 1 2007. The members of the partnership for the sake of better and effectivemanagement and to improve and advance the business unanimously by a resolution dated February 2 2007 agreedto register the partnership as a company under Part IX of the Companies Act. The partners at the time of conversionof the partnership to a company were Shrikant Gopaldas Zaveri Bindu Shrikant Zaveri Binaisha Shrikant ZaveriRaashi Shrikant Zaveri Tribhovandas Bhimji Zaveri Jewellers (Mumbai) Private Limited Tribhovandas BhimjiZaveri (TBZ) Private Limited and Super Traditional Metal Crafts (Bombay) Private Limited.Pursuant to conversion of the partnership to a private limited company under part IX of the Companies Act theCompany received a certificate of incorporation dated July 24 2007 from the RoC and the partners at the time ofconversion became members of the Company. Further pursuant to conversion to a public limited company theCompany received a certificate of incorporation consequent to change of name to "Tribhovandas Bhimji ZaveriLimited" dated December 3 2010 from the RoC.Major events of the Company1938 First jewellery house to offer buy back guarantee for jewellery purchased1995First jewellery house to launch light weight jewellery2001Division of business pursuant to deed of dissolution dated October 1 2000Opening of second showroom at HyderabadIntroduced independent administration of each showroom by professionals2004Commenced retailing 100% pre-hallmarked jewellery2007Converted from the business from a partnership firm to a private limited company2008Opened seven additional stores in a period of 15 months starting from August 2007 to October 2008Retail footprint of the Company exceeded 42000 sq. ft. across 13 cities2009Gross revenue on a standalone basis crossed ` 5000 million in Fiscal 2009The company got its new brand identity.2010Corporate office established at MumbaiThe Company reached out to national and global audience by the medium of television2011Volume of sales surpassed 4.11 tonnes of gold jewellery and 51995 carats of diamond-studded jewellery inFiscal 2011Expansion of manufacturing unit situated at Kandivali MumbaiAwards and Recognition1978 Award for outstanding export performance in sales to foreign tourists granted by Export Promotion Council2003 Award of appreciation for participating in the Times Mumbai Gold Festival2004 DTC Diamond Season - Best Showroom2005 Award of appreciation for participation in Abha Exhibition conducted by the Jewellery Machinery andAccessories Association Mumbai2005 DTC Diamond Season - Best Diamond Moments to the Ghatkopar showroom of the Company2005 DTC Diamond Season - Best Showroom to the Hyderabad showroom of the Company2006 Appreciation memento by Mumbai Textile Merchants Mahajan at Textile Festival 20062006 DTC Diamond Season - Best Showroom to the Ghatkopar showroom of the Company2007 Jamnalal Bajaj Uchit Vyavahar Puraskar for customer fair business practice2007 DTC Diamond Season - Best Collection2007 DTC Diamond Season - Best Innovation2007 JJS Gold Souk Award for contribution to gems and jewellery2007 Best Store (Customer Interaction) - Regional Winner awarded by Platinum Guild International2007 Reader?s Digest Most Trusted Brand Asia for Jewellery Shop2008 Award of appreciation by Madison2010 Retail Jewellers India Awards - Gold Vivah Jewellery of the Year2011 Retail Jewellers India Awards - TV Campaign of the Year2011 IJ Jewellers Choice Awards - Best Necklace Design2011 IJ Jewellers Choice Awards - Best Bridal Design2011 IJ Jewellers Choice Awards - Kundan Meena Jewellery Award2012 National Jewellery Award - Best Advertising Campaign of the Year (Print)2012 Asia Retail Congress Awards in two categories - i. Best Impactful Retail Design and Visual Merchandising and ii. Innovative Retail Concept of the Year