Hitkari China Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

Hitkari China Limited is a Public Company incorporated on 25 June 1987. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Delhi. It is inolved in Manufacture of non-metallic mineral products n.e.c.

YEAR EVENTS
1987 - The company, was originally incorporated as a Private Ltd.
company on 25th June, under the name and style of Hitkan China
Pvt. Ltd. Subsequently, the company was converted into a public
Ltd. company on 14th June' 1994 and a fresh Certificate of
incorporation was obtained from the Registrar of Companies,
National Capital Territory of Delhi and Haryana at New Delhi on
16th August 1994 and the name was changed to "Hitkari China Ltd."

- The Company has been promoted by Mr. Ved Kapur, Mr. K.P. Kapur,
and Hitkari Poteries Limited and is a member of "Hitkari Group,"
wellknown for potteries.

- The company was mainly an export trading company engaged in the
export of Bone China tableware products to U.S.A. The company had
received export awards from Chemicals & Allied Products Export
Promotion Council for the year 1989-90 and 1990-91.

- In view of the expanding domestic as well as overseas markets,
the company decided to manufacture tableware products of fine
Bone China and vitreousware.

- The Company has also set up its plastic division which is
manufacturing five layer co-extruded multi-layer plastic films at
Parwanoo with an installed capacity of 660 MT per annum working
on three shift basis.

1989 - The Company has proposed to expand the existing installed
capacity from 1250 M.T. Per annum to 2500 M.T. per annum to
manufacture fine Bone China tableware products, which would
double the capacity.

- The Company proposed to install equipment for improving the
quality of the china clay body, and improving the recovery factor
resulting in subsequent reduction of cost of production.

- The Company proposed to expand its product range with major
thrust in the export market.

- The Company has proposed to set up vendors for manufacturing the
Bone China Holloware items such as mugs and cup & saucers.

1994 - The Company entered into an agreement with HPL for lease of the
manufacturing unit, the company has been also permitted to use
the marketing network of HPL including dealers, distributors and
C&F agents based all over India.

- The Company entered into an agreement with Hitkari Bros of Delhi
on 31st July, for the use of `Hitkari' Brand name for a period of
10 years.

- The Company has an established marketing network with strong
Brand equity.

1995 - For the proposed expansion of Bone-China tableware manufacturing
facility, the company proposed to acquire clay making plant,
glazing & forming machine, kilns & decoration machinery etc.

- The Company has an `In-house Design Development Cell' which is
continuously developing new decoration prints.

- The Company has set up 2 franchise Stores in Delhi and Bangalore
and would be further expanding this concept in other cities, all
over India.

- Public Issue of 32,50,000 No. of Equity Shares of Rs 10/- each
for cash at a premium of Rs 20/- per share aggregating Rs 975
lacs.

- The company entered the capital market on 12th December, with a
Public Issue of 40,00,000 Equity Shares of Rs.10.00 each at a
premium of Rs.20.00 per share aggregating Rs.1,200,00 lakhs to
finance the expansion project.

1998 - The operations in the factory at Faridabad were suspended w.e.f.
2nd January, which is still continuing. This has resulted in
loss of production and fall in the sales.

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