Inactive/Dead Companies

[jatanr]

Hi Everyone,

A relative of mine has some share certificates ( ) of obscure and inactive companies of the 80s and 90s. He never took any interest in those and now wants me to find out what is the status of those stocks. Here is a list of companies of which he has the share certificates:

Uniplas India Limited
Nova Steels (India) Limited
Nova Iron And Steel Limited
Orkay Silk Mills Limited
Regency Hospital Limited
UBE Industries Limited

As you can see, none of these are active on the stock exchanges.

I tried researching a bit about these companies on the web but there is hardly any information except that they are not traded anymore. A couple of them have also gone belly-up.

I understand that mostly the shares of these companies are thrash, but my questions are:

1. Is there any possibility of any sort of monetary recovery?

2. In case a company exists but is not traded on the stock exchanges, is there any possibility of selling the stocks?

3. Will writing to the registrars of the company be of any use? What will I write to them??

Thanks.

PS: Any info of any specific company that can be helpful is really welcome. Thanks.

[jatanr]

Hi Folks... any update on this? I would really appreciate it.

Thanks.

[Alchemist]

Lets go one by one.

Uniplas India

Last traded on NSE : May 2000 @ 1.00.
Last traded on BSE : January 2001 @ 0.65.

Company and registrar information is available at moneycontrol.com

http://www.moneycontrol.com/india/st...las-india/UI05

You should write to both company and registrar.

Ask them:

-If the company is still in existence?

-What is their current financial position and why aren't they sending updates to investors?

-Are the promoters willing to buyback the shares from the investors?

Quote your share certificate details.

[jatanr]

Thanks Alchemist. Will suggest to go with the approach you have mentioned. In the mean time, if you get info about any of the other companies, I will really appreciate it.

Any idea if such companies get revived?

[Alchemist]

Here are the details of the companies on moneycontrol.com:

Orkay Industries (earlier Orkay Silk Mills)

http://www.moneycontrol.com/india/st...yindustries/OI

UBE Industries

http://www.moneycontrol.com/india/st...ndustries/UI12

Website of UBE Industries has contact details:

http://www.ubeindia.com/contact.html

Regency Hospital

http://www.moneycontrol.com/india/st...ncyhospital/RH

Regency Hospital's site has contact details:

http://www.regencyhospital.in/contactus.asp

Nova Iron and Steel:

http://www.moneycontrol.com/india/st...onsteelltd/NIS

From NSE, Nova Iron and Steel:

http://nseindia.com/marketinfo/compa...bol=NOVAIRNSTL

Nova Steels India:

http://www.moneycontrol.com/india/st...elsindia/NSI01

From NSE, Nova Steels India:

http://nseindia.com/marketinfo/compa...mbol=novasteel

[Alchemist]

Orkay Industries may have vanished.

HC orders winding up of Orkay Industries.

The Bombay High Court has issued winding up orders to Orkay Industries Ltd (OIL). The workers and other creditors, who had alleged misappropriation of funds, have been directed to submit their allegations to the official liquidator.

[ranjha04]

Dear Alchemist,

My brother had similarly bought shares some 16 years back. He was in then in defence force; so he was transferred quite a no. of times- as a result even if some update were sent he wouldn't have received it.

The shares bought then were: Arihant threads
and Century International Ltd.

I have tried to do my own research but could not find information re: it. Can he get any of the money back which he invested.

By the way if he had only invested in some blue chip stock then!!!

Ranjha04

[Alchemist]

Originally Posted by ranjha04

The shares bought then were: Arihant threads and Century International Ltd.

I think both are dead companies.

Arihant Threads was last traded in September 2002.

It was then suspended from BSE.

Try contacting their office.

http://www.bseindia.com/qresann/comp...crip_cd=514480

==========================

"Century International" is a common name.

Does the share certificate have any other details which can help in identifying which "Century International" it is?

[ranjha04]

Thanks a lot!

The full name of the Co. Is Century International finance ltd.

[Alchemist]

Originally Posted by ranjha04

Thanks a lot!

The full name of the Co. Is Century International finance ltd.

dead for sure.

it was renamed cyberspace infosys.

In 1998, Johari was among the first to convert one of his companies -- Century Finance into Cyberspace Infosys, in order to cash in on the Information Technology (IT) boom - the name itself was a crude attempt to ride on the Infosys brand and also play on the cyber mania.

Johari was the promoter of Cyberspace Infosys, a company that was the darling of the stock markets until the information technology (IT) bubble burst and his operation emerged as one large, pre-meditated scam

Source

[jatanr]

Man ... what Johari did was quite sick!

[sudhashbahu]

My father found an old file with share certificates of companies he had invested in. I am trying to find out the status of these companies. Any information / advice on any of these companies is appreciated:

1. Universal Luggage Manufacturing Co Ltd
Moneycontrol has a basic entry for this but company does not appear on BSE or NSE

2. Modern Insulators Ltd
Moneycontrol has a basic entry for this and BSE site says "Suspended for penal reasons"

3. Premier Vinyl Flooring Ltd
Moneycontrol does not even list the registrars. BSE site says "Suspended for penal reasons". BSE site also does not list any company information

4. Tri-Star Soya Products Ltd.
Moneycontrol has a basic entry for this and BSE site says "Suspended for penal reasons"

5. Bliss Chemicals and Pharmaceuticals Ltd
A google search shows that there was an open offer for this company and the company later became "Bliss GVS Pharma" Ltd. My father did not respond to the open offer. Are his old shares valid? Will he be issued shares for "Bliss GVS Pharma"?

[sudhashbahu]

Any help for my post above?

[Alchemist]

Universal Luggage was renamed Aristocrat Luggage.

Aristocrat Luggage was merged with VIP Industries, which is listed on both NSE and BSE.

On June 29, 2007, the board of directors transacted the following subject to necessary provisions and approvals:1. Considered and approved the draft of the scheme for the proposed amalgamation of the company and Quality Plastics with VIP Industries.2. Approved that under the proposed scheme of amalgamation, one fully paid up equity share of Rs 10 each of VIP Industries be issued for every two equity shares of Rs 10 each of the company.3. Approved that the appointed date of the proposed scheme of amalgamation shall be April 1, 2007

http://myiris.com/shares/company/wri...icode=unilugmf

[Dipankar126]

Any idea if these are active or have changed name:

1. Aquamarine Food Products
2. Malvika Steel

Thanks.

[Alchemist]

Originally Posted by Dipankar126

Any idea if these are active or have changed name:

1. Aquamarine Food Products
2. Malvika Steel

Thanks.

Aquamarine Food Products was delisted.

Aquamarine Food Products Ltd. 519268 17-Feb-1997 Non Payment of Annual Listing Fees

http://www.moneycontrol.com/stocks/m...ting/index.php

-------------------------------------

Malvika Steel was suspended a long time back.

It seems the company has no intention of getting the suspension revoked.

Suspended due to penal reasons.

http://www.bseindia.com/bseplus/Stoc...ripcode=530645

[sudhashbahu]

Originally Posted by Alchemist

Malvika Steel was suspended a long time back.

It seems the company has no intention of getting the suspension revoked.

Same is the case with Modern Insulators.

However if this report in the economic times is true, some hope may be around the corner.

[marketmover]

Somebody mentioned Orkay, Maybe a lot of members here don't know that once upon a time Orkay along with Reliance, were blue chips, Once the only competitor to Reliance, Holding both these shares in once portfolio was a matter of pride for any investor, but that as I mentioned was Once upon a time....

[jatanr]

Originally Posted by marketmover

Somebody mentioned Orkay

That was me! I guess there is no hope anymore.

[marketmover]

Orkay is dead and gone, It is this very nature of promoters, that makes me suspect everyone, Kapal Mehra of Orkay was a God those days, A wealth Creator, Another Ambani in the making, all fizzled out, There have been many Satyam's in the past, unfortunately they were never bailed out as was Satyam, resulting in erosion of Innocent investors wealth.

Sorry brother Jatan, you can't do anything with Orkay

[jatanr]

Interesting... thanks for insightful information marketmover. As for Orkay, I had asked about it on behalf of a relative. I am sure the experience will be a learning one.