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एशियन बीयरिंग्स > कंपनी इतिहास > Bearings > कंपनी इतिहास का एशियन बीयरिंग्स - बीएसई: 505672, NSE: N.A

एशियन बीयरिंग्स

बीएसई: 505672  |  NSE: N.A  |  ISIN: INE046C01011  |  Bearings

कंपनी इतिहास - एशियन बीयरिंग्स
1974 
 - The Company was incorporated on 19th March, at Madras.  It was
 promoted by Tamil Nadu Industrial Development Corporation Ltd.
 (TIDCO), in the joint sector, with S. M.Palaniappa Chettiar as
 co-promoter.  The main objective of the company is to manufacture
 ball and roller bearings of all kinds. 
 
 - The co-entered into a technical collaboration agreement with VEM
 Kombinat Waelzlager Und Normterle (an amalgamated co. of bearings
 under the brand name of DKF).
 
 1981 
 - 8 shares subscribed for by the signatories to the Memorandum of
 Association.  49,99,992 shares issued through a prospectus dated 9th
 April, of which 12,99,996 shares to TIDCO (Tamil Nadu Industrial
 Development Corporation Ltd.,) and 12,49,996 shares to S.M.
 Palaniappa Chettiar and associates were reserved and allotted.  The
 balance 24,50,000 shares were offered at par for public subscription
 during May.
 
 1983 
 - In order to step up the production of taper roller bearings, action
 was initiated for the self-manufacture of rollers and cages.  The
 company also installed machinery required for the 
 manufacture of ball thrust bearings and commenced trial production.
 
 1985 
 - During October, there was a strike in the factory for 20 days. 
 Even after settlement of the strike, the workers adopted go-slow
 tactics.  The Company suspended operation at the factory from  
 23rd December.
 
 - The suspension was lifted on 28th December, and willing workers
 were allowed to resume work.
 
 1986 
 - The Company's operations came under the purview of the Sick
 Industrial Companies (Sp. Provisions) Act, 1985 and accordingly a
 reference was made to BIFR.
 
 - 24,30,000 No. of equity shares issued at par (13,20,000 shares for
 cash to promoters, directors their friends & relatives and 11,10,000
 shares in conversion of loans to financial
 institutions).
 
 1988 
 - The Company's rehabilitation scheme was accepted by BIFR.  A relief
 package was envisaged.  
 
 1990 - 23,70,000 No. of equity shares issued to promoters, directors
 and financial institutions.  68,300 shares forfeited.
 
 1991 
 - The Company undertook to instal additional facilities to enhance
 the plant capacity from 4.20 million bearings per annum to 5.95
 million bearings per annum at Bagalur, Dharmapuri District, Tamil
 Nadu.
 
 1992 
 - Production of ball bearings and taper roller bearings declined
 respectively due to lock-out from February to July.
 
 - Inspite of transporters strike, recession, and power cut,
 production of Ball bearings and taper roller bearing increased.
 
 1994 
 - 53,10,000 shares allotted at par to FIs, banks and promoters
 against conversion of loan as per BIFR order.
 
 2008
 -Company as appointed Mr. Shabbir Memon is as Managing Director of
 the Company .
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1008 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `538 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `379 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `656 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1075 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `36 Cr की बिकवाली की
  • MS ON BPCL : Overweight रेटिंग, लक्ष्य `571/Sh
  • CS ON AARTI IND : Outperform रेटिंग, लक्ष्य `980/Sh
  • CS ON APOLLO HOSP : लक्ष्य `1,300 से बढ़ाकर `1,600/Sh
  • NOMURA ON ESSAR CASE : बैंकों की अब 90% तक रकम की रिकवरी संभव

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