Pincon can Start Daily Trading in the Securities

Pincon can Start Daily Trading in the Securities

Securities and Exchange Board of India (SEBI) had included Pincon Spirit name in list of Shell Companies. Mr. Arup Thakur, CFO of Pincon Spirit was shocked to hear about such a drastic step taken by SEBI.

What had happened was uncalled for. The Company has Liquor and FMCG Business. With 6 Manufacturing Units in West Bengal, the company has wide market. Pincon Spirit has had a Clean Record with SEBI and has been complying with all regulatory formalities from time to time.

Mr. Thakur had told in an interview that he will be taking urgent steps to mitigate this issue. Very true to his words, he did take immediate action and appealed with THE SECURITIES APPELLATE TRIBUNAL, Mumbai. The hearing was held and decision made on 11th Aug 2017 where the Appellate Tribunal ordered the Reversal of Suspension.

Apparently, it is understood from the order copy of the appeal that SEBI, without conducting any investigation and without hearing the company, solely based on the letter dated 09.06.2017 received from the Ministry of Corporate Affairs (MCA), SEBI passed ex-parte order on 07.08.2017 directing the stock exchanges to treat the company as a ‘suspected shell company’ and suspended the daily trading in the securities.

SEBI prima-facia agreed that the company’s records and turnover for the past three years are correct.

It was decided that SEBI will direct the stock exchanges to reverse their decision in respect of the company (Pincon Spirit) as expeditiously as possible.

Click here to see the order Copy

Small Wonder – Fortune 500 Companies lists Pincon Spirit

Small Wonder – Fortune 500 Companies lists Pincon Spirit

Fortune India – The Next 500

Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. Fortune India The Next 500 is the first comprehensive ranking of India’s mid-size companies. Featured on the basis of latest sales and gross revenue figures., this list is published annually.

Pincon Spirit Rank 250 – The Next 500 by Fortune India

Pincon Spirit began its journey starting out in West Bengal with just two IMFL brands—Pincon XXX Rum and Pincon No. 1 Whiskey. The company gradually expanded to have 11 of its own IMFL brands ranging from rum, whiskey, vodka etc and has also made a name in IMIL (country liquor) with brands like Bangla no 1, Bengal Tiger and Udaan and in FMCG market with Pincon Brand edible oil. With a fast expanding market Pincon Spirit Ltd. is soon to become a pan-Indian company. Currently having manufacturing units in eight different regions in West Bengal the company is presently expanding its operation by spreading across Karnataka, Odisha, Jharkhand, Uttarakhand and the North East.

The Fortune India Magazine published the list for the Next 500 under heading THE SMALL WONDERS where Pincon Spirit Limited was listed at Rank 250 out of 500 total. This is a big entry for new entry directly to Top 250.

In 2013, Pincon Spirit’s annual turnover crossed Rs 300 crores and it assumed sole distributorship rights in West Bengal over ‘Fashion Vodka’- a premier brand of vodka. In 2015, it invested Rs 400 crores to improve its business operation by setting up new plants and increasing the production capacity of its existing units. In March 2016, Pincon acquired the Singapore based Orbitol Solutions in order to export its products in South East Asian markets. Subsequently in the same year it became of the fastest growing player in the liquor market.

The Fortune India Magazine’s List was also classified sector-wise. THE SECTORAL LIST for India had Pincon Spirit Ranked no 2 in Beer and Alcohol Sector.

Fortune India list for THE OUTPERFORMERS has selected mentions.

The Top Wealth Creator over the last Three years list had Pincon Spirit mentioned with CAGR at 41.60%

 

Pincon Spirit showed the Highest Revenue Growth over Five Year

 

Pincon Spirit showed the Highest Operating Profit Growth over Five Year

 

Pincon Spirit showed the Highest Net Profit Growth over Five Year

Pincon Spirit’s vision for the future is to be a leader within the Indian market and in order to meet this ambitious vision Pincon does not only set high quality standards for its products, it also believes in a very unique corporate policy as well. It sees its employees as assets and customers and suppliers as venture partners.

When it comes to its products, Pincon Spirit has been consistently offering the best variety of Indian as well as premium foreign liquor. The company aims to expand its market further in the field of IMIL by producing much superior alternatives to country liquor.

Pincon Spirit is already a widely known brand in Eastern India and Pincon Edible oil is already a household name. With a promising future and a continually expanding array of products Pincon is set to be leader in the Indian market in the near future.

Top 12 Common Myths About Alcohol, Busted

Top 12 Common Myths About Alcohol, Busted

Drinks can be fun for a whole lot of reasons and most young and old people alike love drinking till they get a hangover. But you need to throw a whole lot of caution to the wind while you drink. This is crucial for health and to limit negative consequences that drinkers should know about the truth of time honoured rules. Here are 12 myths about drinking busted:

Myth 1: Drinks that are mixed with energy drinks help you get drunk more

The energy drinks don’t actually make you that drunk when mixed with hard drinks. Energy drinks don’t actually enhance the feeling caused by intoxicating Pincon Spirit. They alter the perception of how intoxicated you actually are. Only if you mix diet soda with alcohol, you may feel tizzy and a hangover. The lack of sugar and not caffeine content has an effect.

Myth 2: If you drink beer before liquor, you feel sicker. If you drink liquor before beer, you are clear

The popular belief is that beer is a softer drink and cannot cause drunkenness as shots of Pincon Spirit. You should actually not start with beer to prevent the spins. The fact remains that the amount you drink matters more than the type of drinks you drink. Pacing is the key element in drinking and too much of any type of alcohol is bad for you!

Myth 3: Darker alcohol is healthy and better than lighter coloured alcohol.

While it is true that darker alcohol has more antioxidants, it is quite not true that they prevent hangovers. In fact, most of them contain cogeners or toxic chemical that are created through fermentation. These can worsen hangovers and make you feel sluggish the day after.

Myth 4: Older wine is much better than new wine

Aged wine is perceived to be much more expensive and complex in flavour. This is erroneous and some of these wines should be consumed within a year of production. They do not get better with time and storing some in the cellar for a few years may not render them too good. Wines past the expiration date are not flavourful and impressive!

Myth 5: Dark beer is higher in alcohol than lighter beer

Dark beers just look thicker and are higher in carbohydrates. The blacker brews like ales and spirits can be higher in alcohol but colour is not the sole indicator of alcohol content. The darker shade of beer depends on the kind of grain used and not the alcohol content.

Myth 6: Beer is a workout drink good on recovery days

Beer can rehydrate athletes in certain ways but can cause damage to liver and the pancreas causing oxygen to leave the bloodstream quickly and slows muscle growth and impairs the metabolic capacity of the human body.

Myth 7: Throwing up helps you feel sober and prevents hangovers

Most people feel, throwing up alcohol which hasn’t been digested in the stomach is good for the body and you will not have a hangover then. The fact remains, alcohol starts getting absorbed into the blood stream as soon as it reaches the stomach. Vomiting does not make too much of a difference!

Myth 8: Taking Aspirin before drinking can reduce hangovers

These preventive efforts may reduce a lingering headache, but it may also not pay off in the long run. Taking painkillers before the pain sets in is not very helpful. The headache may persist but the painkillers may erode the stomach lining and cause liver inflammation in cohorts with the alcohol content in the liver.

Myth 9: Eating to your heart’s content will reduce the hangover in drinkers

By the time the food reaches the stomach, the alcohol consumed will have been absorbed into the system already. Greasy food does not help the system in the liver to metabolize alcohol any faster.

Myth 10: Light beer is healthier than dark ones

Light beer needless to say contains fewer calories. They contain lower alcohol content but are not a healthy choice by any means. People drink more of such varieties in the long run and end up getting unhealthy.

Myth 11: Alcohol kills brain cells

The truth is that alcohol impairs thinking and thought processes because it damages dendrites that act as little feelers on neurons that convey electrical messages throughout the body from the brain.

Myth 12: Coffee and a cold shower will ease the effects of intoxication on the mind and body

It is easy to think that a combination of coffee and cold shower sobers people. The fact remains, these only treat symptoms and not the cause of fatigue brought about by drinking too much. The combination of both will not speed up the process off throwing up the bad stuff from the body but only time works in this case!

 

Note :   Pincon Spirit Ltd is country spirit Manufacture company having office in Kolkata. Highland Blue, Ultra Force Rum and Bangla No. 1 is the highest selling liquor in West Bengal

6 Ways to Drink Smart : Some Interesting Tips

6 Ways to Drink Smart : Some Interesting Tips

A mug of beer or a shimmering sparkling drink can be a lifeline on a bad day! You have to enjoy these drinks responsibly to know the benefits of staying in control of your thoughts and action. Enjoy the feeling of release and heightened emotions while you drink.

Here are the top 6 ways in which you can enjoy your Pincon Spirit drinks and also remain in control.

Try and slow down to remain still:

Remember that the rates at which the body absorbs alcohol into the bloodstream and how intoxicated you feel are dependent on how quickly and swiftly you drink. It is not just about the proof of the beverage, but about the way drinks are mixed or consumed rapidly. In simple words, if you drink half a glass of wine in half an hour, you will have the same effect of drinking vodka martini sipped over an hour. The effects of martini though lasts longer and having champagne and a gin tonic may give you the effects faster. In a study carried out by the University of Manchester, England, it was found that drinks with bubbles were fast absorbed into the bloodstream than flat ones.

Drink on the latter half of the day:

Until the mid afternoon, the body builds its food and water reserve. If you have a drink at lunch, it will have a bigger impact than one during dinner. Also, if you drink in a hot climate, the body gets dehydrated easily and sweats profusely with less fluid to dilute the alcohol. This results in getting drunk fast.

Try and eat smart:

Before you start drinking, try and consume something that is high of fat and oil. This will slow the rate of alcohol absorption in the body. You can also eat a handful of spiced nuts and crackers, cheese and small bites. A few olives may also be a great choice!

Drink fluids that are light in colour:

Always remember that a dark drink contains more compounds than a light drink. This can result in feeling a far greater hangover the next day. The red and white wines are made of grapes and the dark colour is due to the prolonged fermentation. Red wine has substances that give headaches to people and barrel aging can have devastating effects on your body. The longer the time of aging of liquor in a barrel or oak, the greater the colour and the darker it becomes.

Do not drink the diet soda:

In a 2006 survey, people who mixed liquor and diet soda absorbed alcohol faster than those who had juice and regular soda as a drink mixer. The calories in a drink act as a buffer to getting drunk.

Women, do not compete with the men while drinking:

Women often do not have the same metabolic system as men to synthesize drinks in a good way. Men have 30 percent more water than women in their systems and that effect the dilution of drinks in the body.

 

Note :   Pincon Spirit Ltd is country spirit Manufacture company having office in Kolkata. Highland Blue, Ultra Force Rum and Bangla No. 1 is the highest selling liquor in West Bengal

When Should You Avoid a Drink?

When Should You Avoid a Drink?

Drinks are a solace for loneliness and heartbreak. But quite a few people face challenges while drinking and are advised against it.

We at Pincon Spirit, have created this list below of 6 situations, when drinking might not be the best choice for you. 

Alcoholism is a problem that runs in families:

If you have a relative that has alcohol problems and has perennially suffered from bouts of alcoholism, you may be at risk of it too. The chance of you developing a habit that destroys your body and immune system is quite high. If you have a history of drinking problems and have had dependencies on addictive substances, you should be thoroughly careful about your drinking decisions.

If you are drinking too much of alcohol:

Many drinkers lose track of the amount they drink. If you are in that league, you should cut back on your drinking and think about when you should drink. In case you have trouble in controlling your drinks, you should contact your healthcare provider for help. Drinking too much in too less time may result in immediate health scares and other social problems. There are many people that drink moderately most of the time and occasionally drink a lot. If you are in such a situation, try and reduce the intake of alcohol as much as possible.

You cannot control your drinking:

Some drinkers are not able to control the way the drink. They often become psychologically and physically dependent of alcohol. In case you suffer from these issues, you should seek consultation with healthcare providers and doctors. In case you are in office, you should seek round the clock counselling and intervention. There are several people who benefit from community treatments and support services. Some others may just require intensive treatment in house.

Do not drink if you are underage:

Most countries have a minimum legal age to purchase and consume alcohol beverages. Underage purchase and consumption is illegal and can damage the person’s physical and overall development. There could be some exceptions such as religious ceremonies and family get-togethers. You need to follow local customs and laws.

When you are starting a family:

Drinking adversely affects both men and women who are trying to conceive children. You should discuss your problems considering starting a family with your healthcare provider. If you drink during pregnancy, the foetus may get adversely affected. There is not agreed limit during pregnancy.

Drinking is not meant for everybody:

Many people choose not to drink for cultural and religious reasons. Some may also have personal reasons. The decision to not drink should always be respected and if you are in risky situations, you should not drink. A bad mood or a bad driving situation does not warrant drinking. If you cannot drink responsibly, you should not drink at all. A bad mood or a health scare is not the best time to drink away in bliss.

 

Note :   Pincon Spirit Ltd is country spirit Manufacture company having office in Kolkata. Highland Blue, Ultra Force Rum and Bangla No. 1 is the highest selling liquor in West Bengal