1. The company was incorporated on 30th September 1992 as private limited company vide certificate No.04-18365 of 1992-93 under the name and style Freshtrop Fruits Pvt Ltd.and it was converted into public limited company vide Certificate of Incorporation No. 04-18365 dated 22nd September 1994. 2 FRESHTROP FRUITS LIMITED (FFL) is engaged in the business of export of fresh fruit to various parts of Europe, Middle East and South East Asia. It was promoted by a group of leading fruit merchants having more than four decades of experience in domestic fruit trade alongwith a team of professionals having more than two decades of experience in manufacturing of packaging materials as their business activities, which are complementary to each other. 3. Initially the Promoters started a partnership Company in the name of H.C.lNTERNATlONAL in 1991 and trial exports of various fruits and vegetables were undertaken in the year 1992. The partners in H C International are Mr Chetan V Motiani, Ms Namita A Motiani, Mr Prem L Rohra and Mr Naresh K Rohra. In the same year many importers from the European markets came to India for procurement of fresh fruits like grapes and mangoes. Discussions with them revealed that grapes and mangoes could be transported by sea from India to Europe provided a certain post harvest treatment was undertaken. 4. The promoters could easily visualise the future and decided to put up post harvest treatment facility. A new company FRESHTROP FRUITS PRIVATE LIMITED was incorporated. Land was procured at Village :Jaulke. Tal.Dindori. Dist. Nasik. Maharashtra and within six months a Pre-Cooling unit and Cold Storage facility with an installed capacity to handle 8 tonnes of fresh fruits per day was established. The Company started its commercial operations on 17th March, 1993. The first year of operations for all practical purposes was however 1993-94. The principal fruits dealt with in the first year were grapes and mangoes. Trial exports of Pomegranates and Apples were also made during the year. 5. The precooling and Cold storage facility put up by FFL had a capital outlay of Rs. 150 lacs which included the cost of land, building, precooling and cold storage equipments, except margin for working capital refrigerated vans and other supporting plants and machinery etc. The project was appraised and part financed by ICICI by way of term loan of Rs.75 lacs, extended under the Agricultural Commercialisation And Enterprise (ACE) Programme of USAID. 6. In the first year of its operations, FFL has carved out a distinct place in the exports of precooled fresh fruits to countries like U.K., Netherlands. U. A. E., Saudi Arabia, Kuwait. Hongkong and Sri Lanka. The stringent quality control exercised right from the farming operations to the precooling, Transportation, packing and storing at desired temperature, has won widespread recognition to the fruit supplied by FFL under the trade name of "FRESHTROP" The total quantity exported so far is as under: -------------------------------------------------------------- Name of Fruits Grapes Mangoes Apples Pomegranates Unit of Measurement M.T. M.T. M.T. M.T. -------------------------------------------------------------- Name of the Country U. K. 475 61 0 0 Netherlands 84 1 0 0 U. A. E. 117 15 0 8 Saudi Arabia 124 22 0 6 Kuwait 1 1 0 0 Hongkong 97 3 0 0 Sri Lanka 0 0 15 0 -------------------------------------------------------------- Total 898 103 15 14 -------------------------------------------------------------- 7. The fruit trade world Over takes place on consignment basis and the fall of cut off date (the year ending) in the middle of the season was supposed to cause many practical problems such as reflection of the correct result. valuation of stock, goods in transit, finalisation of accounts and audit etc. It was therefore thought fit to keep the financial year of the company from July to June every year. Accordingly the financial year 1993-94 consisted of 15 months period commencing from 1st April, 1993 to June, l994. MAIN OBJECTS OF THE COMPANY The main objects of the company as set out in the Memorandum and Articles of Association of the company, inter alia, include the following 1. To carry on the business as traders, merchants, buyers, sellers, dealers, exporters, importers, brokers, distributors, commission agents, sub-commission agents, consignment agents of fruits and fruit products, vegetable and vegetable products, flowers and foilage whether manufactured, semi-manufactured, processed or in raw form as wholesaler, retailers, on commission basis or on commission and profit sharing basis. 2. To carry on the business to manufacture, produce, preserve, process, can, refine, dehydrate, prepare powder, chips. extracts, nectar, pulp, juice, sauce, pickle made out of fruits, vegetables, spices of all kinds and to grow and produce fruits, vegetables, vinegar, products. SUBSIDIARY OF THE COMPANY The company does not have any subsidiary within the meaning of the Companies Act, 1956. 2005 -Freshtrop Fruits has recommended 12.5% 2006 -Freshtrop has recommended 20% 2007 --The Company has issued Bonus Shares in the Ratio of 1:1. 2008 -The Company has issued Bonus Shares in the Ratio of 1:1. -Freshtrop Fruits designed E-mail ID for Investors Complaints: info@freshtrop.com 2009 -Freshtrop Fruits has started commercial production of fruit pulps and concentrates at its new Unit situated at Village Janori, District Nasik, Maharashtra. 2013 -Freshtrop Fruits Ltd has recommended a dividend Rs. 1 per share (10%) on the equity shares. 2014 -Freshtrop Fruits Ltd has recommended a dividend of Rs. 1 per share (10%) on the equity shares. 2024 -The Company name has changed to Puretrop Fruits Ltd. from Freshtrop Fruits Ltd.