Empire Spices and Foods Limited Unlisted Shares

A) About the Company

(i) The Empire Spices and foods started its journey from a small shop in the holy city of Nashik in Maharashtra. The sheer quality and the taste of the exotic spice blends developed soon became a favorite with the masses and necessitated the formation of a dedicated manufacturing unit to fulfill market demand. Today, It became the stepping stone of the renowned brand of spices – “Rambandhu Masale”.

Founded in 1994, Empire Spices & Foods Ltd manufactures spices. The Company offers basic spices, blend spices, specialty products, pickles, papads, asafoetida, and premium blend spices. Empire Spices & Foods offers services throughout India. Empire Spices & Foods exports its products.

(ii) The company operates from Nashik in Maharashtra.

(iii) The total paid-up capital is INR 4.84 cr. As per MCA, the last reported AGM (Annual General Meeting) of the company was held on 19 September 2019.

(iv) All Products Are Manufactured & Marketed By – Empire Spices & Foods Ltd.

B) Products of the Company

C) Below is the Corporate Video to understand more about the company.

Key Strengths of Empire Spices and Foods Limited Unlisted Share

1. The promoters’ extensive experience: With more than 40 years of experience in the spice business, the promoters have been able to solidify the Rambandhu brand’s recall value and create enduring bonds with clients and suppliers. Over the medium term, these elements ought to benefit the company.
2. Healthy financial risk profile: Despite debt-funded capital expenditure, the capital structure was comfortable as evidenced by a healthy gearing of 0.48 times and a moderate net worth of Rs 54.80 crore as of March 31, 2021. This capital structure is anticipated to stay comfortable over the medium term (capex). With interest coverage and net cash accrual to total debt ratios predicted to be 9.3 times and 0.63 times, respectively, in fiscal 2021, debt protection metrics were above average. The financial risk profile should stay stable going forward.
3. Moderately scaled operations: Revenue increased by over 10% annually over the last four fiscal years, reaching Rs 239.77 crore in fiscal 2021. Due to the vital nature of the products, like as spices, the topline increased by over 20% in fiscal 2021 despite the Covid-19 pandemic. Revenue growth was slowed in the Fy22, the moderate scale will be maintained.

Weekness of Empire Spices and Foods Limited Unlisted Share

1. Raw agricultural products like raw spices and mangoes are important raw materials. Susceptibility to fluctuations in raw material pricing. Given the competitive climate, any increase in input costs cannot be totally passed on to customers immediately, making the company vulnerable to any abrupt changes in raw material prices, which are influenced by government regulations, monsoon conditions, inflation, and other factors.

2. Additionally, the company competes in a competitive and fragmented sector; as a result, it is crucial to sustain sales growth and maintain stable operating profitability during business cycles.

Empire Spices and Foods Limited Unlisted Shares Details:

Total Available Shares:	100
Face Value:	₹ 10 Per Equity Share
ISIN:	INE041101010
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ 450 Per Equity Share

Promoters And Management:

Directors of the company are Hemant Motilal Rathi and Kanta Hemant Rathi.

Shareholding Pattern:

Shareholding Pattern of Empire Spices as on 31.03.2022

S No.	Name of The Shareholders	No. Of Shares	% of Total Shares
1	Hemant Motilal Rathi	5,11,070	10.56%
2	Umesh Laxmi Narayan Rathi	3,08,920	6.38%
3	Anand Hemant Rathi	2,48,450	5.13%
4	Aparna Umesh Rathi	6,86,955	14.19%
5	Shanti Laxminarayan Rathi	2,73,890	5.66%
6	Kanta Hemant Rathi	7,06,465	14.59%
7	Yash Umesh Rathi	1,19,120	2.46%
8	Rohan Umesh Rathi	91,450	1.89%
9	Hemant Builders Private Limited	1000	0.02%
10	Hemant Rathi(HUF)	1,58,730	3.28%
11	Umesh Rathi (HUF)	1,58,730	3.30%
12	Megha Anand Rathi	3,05,350	6.31%
13	Pranjal Yash Rathi	3,01,950	6.24%
14	Ankita Hemant Rathi	1000	0.02%

Financials of Empire Spices and Foods Limited Unlisted Shares:

( Financials in Lakhs) 1. Balance Sheet

Particulars	2018	2019	2020	2021	2022
Share Capital	234	484	484	484	484
Reserves	2,417	3,139	3,827	5,069	6,459
Borrowings	1,366	2,349	3,347	2,096	2958
Other Liabilities	2,391	2,637	3,280	3481	2658
Total Liabilities	6,409	8,609	10,938	11,130	12,549
Fixed Assets	1,805	5,476	5,909	6967	7770
Capital WIP	1,626	0	494	0	0
Investments	2	2	2	1	1
Other Assets	2,976	3,131	4,534	4,162	4778
Total Assets	6,409	8,609	10,938	11,130	2,549

2. P&L Statement

Particulars	2018	2019	2020	2021	2022
Sales	16,476	17,300	18,227	23,960	24,755
Cost of Materials Consumed	9,529	10,123	10,772	13,531	14,054
Change in Inventory	656	-590	-1,094	684	-478
Production Cost	1,017	1,484	1,492	1,706	1,860
Employee Benefit Expenses	1,353	1,538	1,797	1,904	2,126
Sales Promotion Cost	1,665	2,030	2,103	2,124	3,152
Other Expenses	1,301	1,310	1,344	1,332	1455
Operating Profit	954	1,405	1,814	2,679	2586
OPM	5.79%	8.12%	9.95%	11.18%	10.45%
Other Income	72	51	35	23	22
Finance Cost	76	200	426	288	218
Depreciation	153	242	347	419	438
Profit Before Tax	798	1,091	1,028	1,995	1,952
Tax	271	299	252	680	490
Profit After Tax	525	791	776	1,314	1462
NPM	3.18%	4.57%	4.26%	5.48%	5.90%
EPS	12	17	16	27	30

3. Cash-flow Statements

Particulars	2018	2019	2020	2021	2022
Cash Flow from Operations	1,603	1,238	795	2,845	893
Purchase of Fixed Assets	1,694	2,304	1,283	1,718	1,248
Free Cash Flow	-91	-1,067	-487	1,127	-333
Cash Flow from Investing	-1,745	-2,262	-1,260	-922	-1,226
Cash Flow from Financing	412	715	485	-1,611	26

Annual Report 2021-22 Annual Report 2020-21 Annual Report 2019-20 Annual Report 2018-19

Company Address:

Address - A- 305, Damji Shamji Corporate Square, Laxmi Nagar, Ghatkopar (E), Mumbai - 400 075. Email - customercare@esfl.co.in Customer Care Executive No. - 8805580055 .

Frequently Asked Questions:

Please find below the procedure for buying Empire Spices and Foods Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Empire Spices and Foods Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Empire Spices and Foods Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Empire Spices and Foods Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Empire Spices and Foods Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Empire Spices and Foods Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Empire Spices and Foods Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Empire Spices and Foods Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Empire Spices and Foods Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Empire Spices and Foods Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Empire Spices and Foods Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Empire Spices and Foods Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Empire Spices and Foods Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Empire Spices and Foods Limited Unlisted Shares.
- b. Name of Empire Spices and Foods Limited Unlisted Shares
- c. Quantity of Empire Spices and Foods Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Empire Spices and Foods Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Empire Spices and Foods Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Empire Spices and Foods Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Empire Spices and Foods Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Empire Spices and Foods Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Empire Spices and Foods Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Empire Spices and Foods Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Empire Spices and Foods Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Empire Spices and Foods Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Empire Spices and Foods Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Empire Spices and Foods Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Empire Spices and Foods Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Empire Spices and Foods Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Empire Spices and Foods Limited Unlisted Shares:

2 Comments

Umesh Paliwal

5:14 PM, 29 October 2022

1. The EPS of Empire Spices is Rs.30 per share in Fy22.

2. The unlisted share price of Empire Spices is Rs. 400 per share as on 29.10.2022

3. P/ E is 13x ( which is undervalued)

4. Mcap is just 200 Crores and Revenue is of FY22 is 248 Crores, so Mcap/Sales is less than 1.

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Market Wizard

7:23 AM, 28 March 2020

Facebook page of the company for more understanding.

https://www.facebook.com/RamBandhuOfficial/

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