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Kwality Limited
KWALITY House
F-82, Shivaji Place, Rajouri Garden
Phone: +91 1147006500p:+91 1147006500 NEW DELHI, 110027  India Fax: +91 1125191800f:+91 1125191800
Filed for Bankruptcy on 1/11/2021
On 10/17/2018, Kwality Limited announced that an Insolvency Petition had been filed against the Company by KKR India Financial Services Pvt. Ltd. with the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016.
On 12/11/2018, the National Company Law Tribunal, New Delhi Bench, ordered the commencement of a Corporate Insolvency Resolution Process for Kwality Limited pursuant to the Insolvency Petition filed against the Company by KKR. Shailendra Ajmera of Ernst and Young was appointed as the Resolution Professional for the Company.
On 1/11/2021, the National Company Law Tribunal, New Delhi Bench directed to liquidate Kwality Limited under the Insolvency & Bankruptcy Code (IBC).
Shailendra Ajmera has been appointed to act as the Liquidator for the Liquidation process.
This company is no longer actively traded on any major stock exchange.
Business Summary
Kwality Limited is engaged in processing, manufacturing and trading of milk, milk products and dairy products. The Company offers products under categories, such as ghee, including pure ghee, pure cow ghee and low cholesterol ghee; butter; milk powder, including whole milk powder and skimmed milk powder; dairy whitener; milk, including full cream milk, toned milk and double toned milk, and curd, including set curd and pouched curd. Its product portfolio also includes flavored milk, sweet lassi, paneer, chaach, dairy creamer and cheese. The Company offers milk in pouches, and curd in variants, such as regular, probiotic, meethi dahi, low fat, sugar lite and raita. The Company primarily markets and sells its products under the brand, Dairy Best. The Company is an exporter of dairy products from India, exporting across continents, such as Asia, Africa and Australia, and to over 30 countries, including Japan, Seychelles, Bangladesh, Sri Lanka, Jordan, Niger and Morocco.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20213/31/2020Yes----

Industries
SIC Code Description
2026 Fluid milk
2023 Dry, condensed, and evaporated dairy products
2022 Natural, processed, and imitation cheese
5143 Dairy products, except dried or canned

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Independent Chairman of the Board Rattan S.Khanna 70 10/8/2015 5/18/2010
Chief Financial Officer SharadBhandari 10/27/2018 10/27/2018
Managing Director, Executive Director SanjayDhingra 44 10/8/2015 7/15/2008

Business Names
Business Name
531882
KWALITY
Kwality Dairy (India) Ltd

General Information
Outstanding Shares: 241,354,382 (As of 9/30/2021)
Shareholders: 104,969
Stock Exchange: NSE
Fax Number: +91 1125191800


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Wednesday, April 3, 2024