Narang Industries Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

The Company was Incorporated on 24th October,1942

1984 - 14,750 equity shares and 25,000 Defd. shares issued at par
till date, 6,048 equity shares and 1,573 Pref.shares forfeited.

1985 - Equity shares of Rs 100 each sub-divided into shares of Rs 10
each, 25,000 Defd. shares of Re 1 each converted into 2,500
equity shares of Rs 10 each.

1987 - The turnover at Rs 10.88 crroes, was lower than the previous
year, when compared on an annualised basis. Overall increase in
the cost of production eroded profit margins.

- The Company prepared a scheme of modernisation involving
additions of balacing equipments such as molasses storage tank,
product storage tank, formentors, etc. It was also proposed to
instal an extra neutral alcohol plant.

- 1,50,000 equity shares issued at par as rights in
prop. 1:1 and another 7,500 equity shares issued at par to
employees. Also 60,840 forfeited equity shares reissued.

1988 - The Turnover at Rs 3.81 crores reflected an increase of 22% over
the previous period, when compared on an annualised basis. There
was improvement in the profitability also.

1989 - The turnover rose to Rs 10.18 crores registering a growth of
15.47% over the previous period, when compared on an annualised
basis.

- The Company commenced implementation of the modernisation scheme.
Major additions to the plant during the year were electronic
weigh bridge, heat exchangers, and pouch filling machines.

- In Jan. 1990, 8,16,000 rights equity shares offered at par in
prop. 2:1 and 30,750 shares offered at par to the employees
(incl. working directory)/workers. (Details of allotment not
known). 3,77,550 equity shares taken up by shareholders'
nominees. The unsubscribed 2,68,200 shares were disposed of
otherwise.

1990 - The Turnover rose to an allround high of Rs 13.22 crores
registering a growth of 30% when compared to the previous year.
This growth was attributed to the recent implementation of the
modernisation scheme. The company commissioned its Bio-gas plant
during the year. The spentwash obtained from the plant was
proposed to be taken for further treatment. The necessary loan
for the above process was sanctioned by PICUP.

- The Company was sanctioned a loan of Rs 1.50 crores from PICUP
to undertake complete upgradation of major equipments. The
Company undertook to set up a `Ena' plant to improve the quality
and increase the turnover of the products.

- The Company entered into an agreement with Herbertsons, Ltd., for
marketing and sales of their Premium Brands of Indian made
foreign liquor under their technical know-how and supervision.

1991 - Production improved and turnover increased by 24% to Rs 16.42
crores. The overall profits would have been still higher but for
rapid increase in financial charges paid in the nature of lease
rentals/hire purchase instalments, interest charges to PICUP
towards equipment procured for modernisation and sharp increase
in input costs. During the year, the company exported 5,67,000
litres of rectified spirit and secured a repeat export order for
9,00,000 litres. In August 1992, the company signed an export
contract for US $2.35 million for bottled fine spirit to Moscow.

- The company proposed to take to bottling of some of the premium
range products of McDowell & Co., Ltd., namely McDowell's
Whiskey, Diplomat Whisky, McDowell's Brandy etc. It was also
proposed to take up bottling of some of the pretigious brands of
Western Indian Enterprises, Ltd., namely Forbes dry Gin, Old Inn
Whisky, Henkes Whisky etc.

- The modernisation and revamping programme were more or less
completed leading to bottling of various premium brands of Indian
Made Foreign Liquor (IMFL). The ENA plant was commissioned
which would enable manufacture of higher value added and better
quality products apart from enabling self sufficiency in
production of basic raw material. New blending fabrics of higher
capacities were added to increase Company's blending capacity
and the bottling room was sufficiently modernised. A 500 KVA
capacity DG set was installed.

- The Company received permission to increase its distillery's
alcohol capacity from 8,175 kl. p.a. to 10,700 kl. p.a.

- In order to improve the working of the brewery, increase its
capacity utilisation and market share, the company entered into a
technical know-how and registered users agreement with UB. Ltd.
Under this agreement, which came into effect from 1st April, UB.
Ltd. agreed to provide technical know-how to enable the
brewery to upgrade the quality of its products and permitted
the brewery to use its brand names. The company also entered
into a marketing agreement with UB, Ltd.

- The company commenced manufacture and bottling of premium brands
of IMFL such as Bag Piper Whisky and Honey Bee Brandy.

- Authorised capital increased from 39,00,000 Equity Share to
99,00,000 No of Shares

1992 - A new division viz., International Trading division was formed to
promote exports.

- The Turnover improved by 41% to Rs 23.20 crores. Exports
amounted to Rs 83.29 lakhs during the year.

- The new R.S. plant of 37.5 kl. per day capacity was under
installation and it was expected to be commissioned by the end of
December.

- The modernisation and revamping programme undertaken by the
company has been completed except the new R.S. plant of 37.5 KL
per day capacity.

- During February, industrial licence was received for manufacture
of 5,000 kls. of non-molasses based alcohols per annum at
Aurangabad.

- During April, a licence was received from the Government of
Himachal Pradesh for setting up a bonded warehouse with bottling
facilities for its IMFL, at H.P.

- The company has been exploring the possibilities of entering into
a joint venture collaboration with an international distilling
company, to set up a unit in Aurangabad.

- The Company offered 95,325-14% secured fully convertible
debentures of Rs 200 each on Rights basis in the proportion 1
deb.: 10 equity shares held. All were taken up. Additional
14,298 debentures were allotted to retain oversubscription. The
company also issued through a prospectus 1,42,775-14% fully
convertible debentures of Rs 200 each of which the following
debentures were reserved for allotment on a preferential basis:
(i) 50,000 debentures to NRIs on repatriation basis (all were
taken up); (ii) 11,905 debentures to employees (only 5,770
debentures taken up).

- Balance 80,870 debentures along with 5,135 debentures not taken
up under employees' quota were offered for public subcription.
All were taken up. Additional 21,415 debentures were allotted to
retain oversubscription (13,915 debentures to the public and
7,500 debentures to NRIs).

- Each debenture of Rs 200 is to be automatically and compulsorily
converted into 10 equity shares of Rs 10 each at a premium of
Rs 10 per share within 9 months from the date of allotment of
debentures.

- 27,38,130 equity shares of Rs 10 each issued on conversion
of 14% FCD's.

1994 - The Company has appointed Biotech Consortium India Ltd. to
undertake feasibility project report on use of distillery
effluent for fish farming.

- The company has entered into an agreement with M/s. S. T. Dupart
of France for distribution, franchise and after sales service of
their luxury products in India. The company has also signed a
MOU with M/s. AMS Anlageuplanung GmbH & Co. of Germany for
setting up a joint venture company in India for providing a
complete range of engineering and related services for food and
Beverage Industry.

1995 - The Company has upgraded its Research Laboratory.

- The Company has been appointed as Indian Representative of
M/s. JPI Processing Contracting OY, Finland.

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