Kraft Foods Inc. was a multinational confectionery, food and beverage conglomerate. But for small investors, such hindsight is of little use. Forty of its brands were at least a century old. But the company's portfolio managers clearly did not select the scrips well: on June 11, 1997, these investments were worth only Rs 10.91 crore. Chartered accountants say this was achieved through a single entry of Rs 283.21 crore under the head 'premium'. A platformed modular solution which provides multimodal manufacturing unparalleled in speed-to-market, cost effectiveness + adaptability – we call it SlateXpace™. The letter further said that google_ad_slot = "5060435480"; Though it was not signed by him, the letter said that the RBI order had led to the deterioration of the company's financial position. The earliest stock exchange was set up in Amsterdam in 1602 and it was involved in buying and selling of shares for Dutch East India Company. The role of RBI and SBI is also explored. CRB Capital Markets has valued its ICDs at Rs 198.90 crore, and these are recoverable, at least theoretically. The RBI is currently valuing CRB's assets (what it has lent) and its liabilities (its borrowings) on the basis of the company's 1995-96 balance sheet, the last available. The problem, however, is that market operators believe that CRB has lent a substantial part of this money to other group companies. CRB is a leading design, construction and consulting firm serving life sciences companies globally since 1984. Equity Partners' solutions include: New Money (Debt or Equity) Joint Venture Relationships Entirety Sales At Maximum Value 4 no. The CBI also conducted simultaneous searches at 16 places in Mumbai, three in New Delhi, one each in Chennai and Ahmedabad and two places each in Calcutta, Jhunjunu, Sujangarh and Bikaner. On March 31, 1996, these were valued at Rs 150.44 crore. May 18, 1997 - hundreds of angry, frustrated and scared people stood outside the Reserve Bank of India's (RBI) Mumbai headquarters under the scorching sun. The CRB is a statutory organisation established by Act of Parliament No. And as of June 1996, this is the broad picture: the company's net worth - its equity plus reserves - was at Rs 430.24 crore; reserves and surplus added up to Rs 373.50 crore; assets were at Rs 302.21 crore while liabilities were more than double that figure at Rs 732.44 crore. The markets watchdog said the delivery of shares of the CRB group pertaining to pay-out on May 31, 1997, would be treated as bad delivery and payment would be accordingly reversed. google_ad_height = 90; google_ad_width = 336; google_ad_width = 728; A CRB study estimates that approximately 10 percent. google_ad_client = "ca-pub-3862952639378901"; Top 50 Shareholders In Key Crb Firms Same The role of RBI and SBI is also explored. google_ad_height = 280; About CRB Group, Inc.: CRB Group, Inc. is the parent company of Cross River Bank, a New Jersey State Chartered FDIC-insured bank founded in 2008. Srinivasan of Imperial Finance: "There is no way lessors can be pushed to pay up immediately (most lease agreements are for three to five years) and the assets themselves will yield only depreciated value.". Themes: Corporate scams / Controversies 'we have, also expressed that in view of the precarious situation which is fast going out of our control, before it becomes unmanageable, our case should be considered sympathetically.' In any case, the exposure is far in excess of the limit - 30 per cent of net worth - stipulated under Section 370 of the Companies Act. Believe that CRB has lent a substantial part of this money to other companies. Few crores the CBI has apparently asked finance ministry officials to work out an out-of-court settlement, a indication. Case Code: FINC008 case Length: 09 Pages Price: Rs crore to Rs 1,032 while! Prohibited CRB from selling, transferring, mortgaging or dealing in any manner with its assets from! Both listed and unlisted depositors ” SPECIALS CHAT ARCHIVES: Action likely against SEBI, RBI officials over fiasco... And machinery in lessors ' custody in listed companies stood at Rs crore... 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