The Trademark 'Subana' For Sale

8 years, 4 months ago - September 14, 2013
A little less than a year after he left the service, biscuits Subana was placed in liquidation. The name of the factory and production unit of Bell-Village is an area of 4986 square meters were sold. The land on which the building is owned by the government and the transfer of the lease is allowed.

Thus, it is after 42 years of existence, this family business is forced to put the key under the mat. The money obtained from the sale of assets will be used to repay creditors , namely banks , government and private companies. As for the 90 former employees , they seized the industrial court to claim their redundancy . Outstanding debt amounted to several million rupees.
Asked for a statement , Sudhir Sesungkur the ' receiver -manager' , said he had no choice but to proceed with asset sales of biscuits for the debts accumulated . "It's sad because Subana was seen as a symbol of industrialization Mauritius . But today the situation is such that there is no way to revive the company, " he said.
For our partner , it is a case study and lessons learned to prevent other family businesses face the same fate . The receiver- manager has also said intrigued by the disappearance of machinery production unit before his appointment. " I interviewed managers. They argue that the machines were stolen, but no evidence has been recorded to the police. Without doubt their words , I will initiate an investigation to take this matter clear. If necessary , I would use a Forensic Investigator , " he has said.
Contacted when the biscuits had ceased operations , Noopnarain Sukai , gneral director of the company , attributed the cessation of activity in financial difficulties. "For two years , we find ourselves financially in the red. The cost of operation including staff salaries , far beyond our income. In such circumstances , it is difficult to operate, " he said . And added that " its turnover increased from Rs 50 million to Rs 25 million per year ."
In August 1971, the biscuit Subana launched its activities . She received the 'Development Certificate ' which exempted from paying tax on income for a period of six years. Cookies were originally produced "Mary" and "Cream Crakers " 

Text by Le Matinal

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