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Raj Oil Mills Limited was incorporated on October 17, 2001 vide Registration
No. 11 - 133714. Our Company has received Commencement of Business
Certificate on November 6, 2001. The Company was formed to undertake the
business of buying, selling, manufacturing, processing of edible oils, edible oil
seeds and other related products.
Our Company was promoted by Mr. Shaukat S. Tharadra. It acquired the running
business of M/s. Raj Oil Mills, partnership firm (exclusive of Land & Building and
intangible property in the form of Brands, Trademarks and Copyrights) vide Deed of
Assignment dated April 29, 2002 w. e. f. April 1, 2002 for a consideration of Rs. 75
lacs. M/s. Raj Oil Mills, partnership firm, founded in the year 1943 by late Mr. Haji
Suleman Jamal (father of Mr. Shaukat S. Tharadra). In the year 1966, late Mr. Haji
Suleman Jamal passed away giving the reins of the business to Mr. Shaukat S.
Tharadra.
Our Company or M/s. Raj Oil Mills, partnership firm have not carried out any
valuation from any independent valuer. The mentioned transaction took place at a
lump sum amount of Rs. 75 lacs as a consideration for assignment of the running business
M/s. Raj Oil Mills, partnership firm through the mutual consent of our Company and
M/s. Raj Oil Mills, partnership firm through entering the mentioned deed of assignment.
This transaction was carried out as Slump Sale as per the provision of section 50B
of the Income Tax Act, 1961. Further, as per the provision of sub-section (3) of section
50B of the Income Tax Act, 1961, M/s. Raj Oil Mills, partnership firm furnished the required
details of this transaction in the prescribed form (Form No. 3CEA) along with necessary
documents to Income Tax department.
The value of all those assets and liabilities which were acquired during this transaction
were valued at their book value and the excess of the value taken over as compared to
liabilities taken over had been credited to Capital Reserve account of our Company. The
value of the assets and liabilities has been ascertained in the books of our Company.
Through five different Agreements dated December 17, 2007, December 20, 2007,
December 31, 2007, December 26, 2007 and December 13, 2007 respectively entered
into between our Company and M/s. Raj Oil Mills, partnership firm at total consideration of
Rs. 5,555, our Company acquired all intangible property in the form of Brands, Trademarks
and Copyrights from M/s. Raj Oil Mills, partnership firm. M/s. Raj Oil Mills was owner of
`Cocoraj', `Guinea' and `Raj' brands, which later became the umbrella brands of our
Company.
Chronology of the events of acquisition of M/s Raj Oil Mills, Partnership firm is as follows:
DATE PARTICULARS REMARKS
1 18-Feb-1959 M/s Raj Oil Mills, Partnership Firm The partnership firm was engaged in the
was formed and obtained Registration business of dealing in edible oil.
No. B-8203.
2 17-Oct-2001 Raj Oil Mills Limited, the company, The company was formed to undertake
was incorporated vide Registration the business of buying, selling,
No. 11-133714. manufacturing, processing of edible oils,
edible oil seeds and other related
products.
3 29-Apr-2002 Raj Oil Mills Limited, the company, Land, Building and Intangible Property
took over the running business of (i.e. Brands, Trademarks and Copyrights)
Partnership Firm--Raj Oil Mills vide were not taken over and this transaction
Deed of Assignment with effect from was in the nature of Slump Sale as per
1st April, 2002 for a consideration of Section 50B of Income Tax Act, 1961.
Rs. 75,00,000/- (Rupees Seventy
Five Lacs only).
4 As per dates Five Deeds of Assignment of Total Consideration is Rs. 5,555/-
mentioned Trademarks & Labels: (Rupees Five Thousand Five Hundred
below: Assignor: M/s Raj Oil Mills, and Fifty Five only). Break-up is
Partnership Firm. mentioned below:
Assignee: Raj Oil Mills Limited.
(a) 17-Dec-2007 Agreement 1. Consideration paid Rs. 1,111/-
(Rupees One Thousand One
Hundred & Eleven only)
(b) 20-Dec-2007 Agreement 2. Consideration paid Rs. 1,111/-
(Rupees One Thousand One
Hundred & Eleven only)
(c) 31-Dec-2007 Agreement 3. Consideration paid Rs. 1,111/-
(Rupees One Thousand One
Hundred & Eleven only)
(d) 26-Dec-2007 Agreement 4. Consideration paid Rs. 1,111/-
(Rupees One Thousand One
Hundred & Eleven only)
(e) 13-Dec-2007 Agreement 5. Consideration paid Rs. 1,111/-
(Rupees One Thousand One
Hundred & Eleven only).
5 After the divestment of Edible Oil
business, Raj Oil Mills, partnership
firm, is engaged in the business of
builder and developers.
Our Company currently manufacturing Coconut Oil and Coconut Cake and also
carry out filtering and refining of various edible oils such as Groundnut Oil, Mustard
Oil, Cottonseed Oil etc.
Year Events
2001 * Incorporated as a Public Limited Company on October 17, 2001
* Obtained Commencement of Business Certificate on November 6, 2001
2002 Acquired the running business of M/s. Raj Oil Mills, partnership vide Deed of
Agreement dated April 29, 2002.
2004 Acquired 16000 sq. mtrs. of land at village Ten, Manor, taluka Palghar, district
Thane, state Maharashtra
2005 In March 2005, all Plant and Machinery were shifted from Andheri (East), Mumbai
to the new site at Manor, Thane
2007 * Expanded capacity from 20,000 TPA to 35,000 TPA
* Introduced a new product under the brand name of `Cocoraj Cool'
2008 Introduced a new product under the brand name of `Cocoraj Enriche'.
2009
- Raj Oil Mills Ltd has informed that Mr. Manavendra Gokhale has been appointed as the Chief Executive Officer of the Company, with effect from November 02, 2009, by the Board of Directors at its Meeting held on October 30, 2009.
- Raj Oil Mills Ltd has appointed Mr. Sunderji Gosar as Additional Director of the Company by the Board at its Meeting held on December 14, 2009.
2012
-Raj Oil Mill Entering Into Distributorship of Palm Oil And Allied Products.
2023 -Company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 20 per share. -Company has launched a new product of Sesame Oil in the brand name of -TILYUKT- which will cater mass market across India.
2024 -Company has launched a new product ""SOYARAJ""- Soyabean Refined Oil.
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