Date: 06.12.2007
Buy "Nagreeka Capital & Infrastructure Limited" for some sure SOLID gains.( BSE CODE-532895, NSE CODE-NAGREEKCAP)
INTRODUCTION: The Nagreeka group was founded by Mr. I. L. Patwari, in the year 1955 and started with modest trading operations and today it is a leading manufacturer and exporter of yarns, textiles and aluminium laminates. With four decades of experience the Nagreeka group has carved a niche for itself in the world of exports & manufacturing. Now the Group introduces it’s another player “NAGREEKA CAPITAL & INFRASTRUCTURE LIMITED” to look after the investment and reality development wing. With eminent finance persona in the Board we are confident to rewrite the history of success of the Group.
INVESTMENT: Being a Debt-Free Company is not the only positive aspect of this company. This Company is having an investment portfolio of Rs. 51.84 Crores as on 31/03/07 with a market value of Rs. 226.33 Crores. With a paid-up capital of Rs. 6.31 Crores and a Reserve of Rs. 46.72 Crores the Book Value is Rs. 42.03 and NAV is Rs. 240/- only for each share of Rs. 5/- (as on 31/03/2007) and these data speaks for itself.
The entire investment in index shares had bloomed with time. With further investment out of free funds the viability is beyond any question.The distribution over 150 scripts with a long term view has gifted immunity against the volatility of stock market to the entity. The screeningand analysis wing is always trying to improve the investment profile.
With the intent of improving investment value of the shareholders by making impressive portfolio, the Company has acquired shares ofThe Calcutta Stock Exchange Association Limited. With the magnanimous expansion of Asian Capital Market, which is the emerging supermarket, and generates around 30% of the World Business, the Company is confident to en-cash the same and to reap rich dividends.Plans in pipeline are to participate in Funds in addition to direct equity.
INFRASTRUCTURE: Development and infrastructure projects are also in pipeline. Setup of a 150 megawatt power plant, setup of an SEZ with a township, etc.are some of them. Initial proposal for development of real estates have been identified in Eastern India. Participating in Reality Funds isalso being considered. The capital expenditure for infrastructure activities are being worked out. With the present industry friendly policiesthe goals seems within reach. We are confident that time and again we shall rewrite our history of success.Challenging ourselves with newerheights is our hobby and every time we set the yardstick one more step higher. The Directors are optimistic that the future activities willboost the bottom line of the Company. We cordially invite your support to expand the entity and be a proud part of en emerging conglomerate,and a budding giant.