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कैप्रीहेंस इंडिया > कंपनी इतिहास > Plastics > कंपनी इतिहास का कैप्रीहेंस इंडिया - बीएसई: 509486, NSE: CAPRIHANS

कैप्रीहेंस इंडिया

बीएसई: 509486  |  NSE: CAPRIHANS  |  ISIN: INE479A01018  |  Plastics

कंपनी इतिहास - कैप्रीहेंस इंडिया
YEAR                                                    EVENTS
 1946 - The Company was incorporated on 11th April, as a Private
 Limited
        Company and was converted into a Public Limited Company on
 16th
        September 1975.  It was mainly a trading company and imported
        various consumer items.
 
      - The main objective of the company is to manufacture PVC films
 and 
        sheets (SUNFLEX), leather cloth (SUNTEX), rigid PVC sheets
        (SUNVIC), decorative surfacing (SUNGLOSS), phenolic laminates
        (SUNLAM), high impact polystyrene sheets (SUNSTRENE) and art
        paper, chromo paper and art card (LUSTRACOTE).
 
 1955 - The company decided to enter into the manufacturing field and
 
        obtained a license for the manufacture of flexible and rigid
        polyvinyl chloride films and sheets.  
 
 1961 - A new factory was started at Kurla, Mumbai for the manufacture
 of
        decorative and industrial laminates.  
 
 1962 - A new plant for the manufacture of extruded acrylic and high
        impact polystyrene sheet for the refrigeration industry.  
 
 1965 - The Company also started manufacturing leather cloth by 
        lamination of PVC film or sheet to various fabrics.  
 
      - The Company started a partnership firm called Sun Coated
 Paper
        Co., for the manufacture of a range of papers such as art
 paper,
        Chromo Paper, art card, black centered art card, etc.  The
 Plant
        was orginally located at MIDC Estate, Thane.  
 
 1967 - 2,500 shares issued without payment in cash.  Bonus shares
 were 
        issued as follows: 4,500 shares in May 1962 (prop. 9:1) and
        15,750 shares in March 1966 (Prop. 1:1).
 
 1968 - 15,750 bonus shares issued in prop. 1:2.
 
 1969 - In order to expand the capacity, a new unit was set up in the
 
        MIDC estate at Thane which went into production.
 
      - From 1st April, Sun Coated paper Co. became a division of the
        company consequent upon the dissolution of the partnership. 
 With
        the increase in demand in the Industrial Estate Satpur, Nasik
 and
        the existing plant was shifted to Nasik.
 
 1971 - A new factory was set up in Kolshet-Thane and the old plant
 at
        Kurla was also shifted to Kolshet.  
 
      - 80,325 bonus shares issued in prop. 17:10.
 
 1974 - The company undertook to set up a paper mill in the MIDC
        Industrial Area at Roha, Maharashtra.
 
 1975 - Shares subdivided during 1973-74.  5,42,193 bonus shares
 issued 
        in prop. 17:40.
 
 1978 - The company obtained an industrial licence for the manufacture
 of 
        1,050 tonnes of plastic hollow corrugated boards.  This
 project
        was being set up in the MIDC Industrial Estate at Satpur,
 Nasik.
 
      - During November, the existing shareholders of the company were
 
        offered 10,90,800 No. of equity shares of Rs. 10 each of the 
        company at par.
 
 1981 - Letter of intent was received to increase the production
 capacity 
        of PVC sheets to 9,000 tonnes per annum.  Due to
 circumstances
        beyond its control, the company could not take steps to
 implement
        this scheme and the letter of intent was surrendered to
        Government in 1984.
 
      - As a measure of diversification, the company installed at
 Nasik, 
        a plant for manufacture of foam leather cloth by release
 paper
        process.
 
      - The company converted its fixed assets consisting of land at
        Roha and Sewri into Stock-in-Trade of real estate business.
 
 1982 - It was proposed to carry out the paper manufacturing activity
 as 
        a separate entity and transfer the same to a wholly-owned
        subsidiary.
 
 1985 - Subsequently, the company again revalued its land and
 buildings 
        at factory premises and certain plant and machinery as on
 30th
        June.
 
 1989 - The performance on the domestic as well as exports front
 improved 
        and turnover and sales stood higher.
 
      - The Company issued 2,00,000-14% secured non-convertible 
        debentures of Rs. 100 each on private placement basis with
        financial institutions.  These debentures are redeemable at
 5%
        premium in three annual instalments commencing from 25th
 March, 
        1996.
 
 1992 - The company installed two additional calendaring units with a
 
        combined capacity of 8,400 tonnes for manufacturing PVC films
        and sheetings.
 
      - The company issued 9,53,612-18% secured partly convertible 
        debentures of Rs. 240 each for cash at par (alongwith
 detachable
        equity warrants entitling the holder to be allotted one
 equity
        share of Rs. 10 each at a premium of Rs. 80 per equity share.
 
        8,91,010 warrants were taken up).  Out of which 9,08,972
        debentures were offered on right basis to the shareholders in
 the
        proportion of One debenture: Two equity shares (all were
 taken
        up).  Remaining 44,640 debentures were offered to the
 employees
        (only 2,275 debentures were taken up).
 
      - Each debentures of Rs. 240 was divided into Part-A
 (Convertible) 
        of Rs. 70 and Part-B (Non-convertible) of Rs. 170.  Rs. 70 of
        Part-A of each debenture was to be converted into one equity
        shares of Rs. 10 each at a premium of Rs. 60 per share on the
        date of allotment of debentures.  Accordingly 9,11,247 shares
        were allotted and 8,91,010 shares were allotted against
 warrants. 
        Part-B of Rs. 170 will be redeemed in three equal annual
        instalments at the end of 6th, 7th 8th year from the date of
        allotment of debentures.
 
      - During the year, the company has undertaken Internal Energy
        Audit system.                      
 
      - During the last year, the Company has developed Anti-radar
        Camouflage Net for the Ministry of Defence and the same has
 been
        approved by the Defence Research Laboratory.
 
 1993 - The company entered into the field on Real Estate.  The
 company 
        developed a property for the construction of multi storeyed
        residential-cum-commercial complex at Mumbai.
 
      - During  the year, the Company made a Right Issue of 18%
 Secured 
        Partly Convertible Debentures (PCDs) in the ratio of One PCD
 for 
        every two shares held.
 
      - The Camouflage Net has been successfully launched and repeat 
        orders have been received from the Government.  A special type
 of 
        PVC film is being developed for rescue boats which can respond
 to
        radar signals.
 
 1994 - The company proposed to set up PVC foam leather cloth plant at
 
        Nasik, for which the company entered into a technical
        collaboration agreement with China General Plastic
 Corporation,
        Taiwan.  The company also proposed to manufacture
 international
        quality polypropylene sheets for stationary applications for
        which the company entered into a technical collaboration
        agreement with Danny Hudson, Taiwan.
 
      - The company privately placed 6,40,000 No. of equity shares
 with 
        financial institutions at a premium of Rs. 250 per share in
        November.  The company also issued 5,63,000 warrants to
 promoters
        and their associates.
 
      - The warrant holders are entitled to subscribe to one equity
 share 
        per warrant at a price of Rs. 210 per share before 1st May. 
        Accordingly 3,36,690 shares were issued.
 
      - During the year, the company introduced Voluntary Retirement
        Scheme for its employees at is Laminates Unit to reduce the
        surplus employee strength in the Unit and paid compensation
        aggregating to Rs.117 lacs.
 
 1995 - However margins were under pressure due to increase in input
 cost 
        without corresponding increase in the prices of finished goods
 on
        account of severe competition.
 
      - 3,36,690 shares allotted on conversion of Warrants at a price
 of
        Rs. 210 per share.
 
 1996 - The profitability was adversely affected due to weak prices
 for
        PVC films, low productivity and capacity utilisation and
        availability of superior products.
 
      - The Company re-appraised the plan to set up PVC foam leather
        plant and decided not to proceed with the same.
 
      - The Company has entered into a technical and financial
        collaboration agreement with VKW a wholly owned subsidiary of
 EVC
        international NV on 7th June, 1997.
 
      - 18,36,756 bonus shares allotted in prop. 2:5.
 
 1997 - 66,98,325 No. of equity shares of Rs 10 each at a prem. of Rs
 47 
        per share allotted on preferential basis.
 
      - The Company has entered into a technical and financial
        collaboration with Vereinigte Kunststoffwerke GmbH (VKW), the
        details of which are given under Item No. 4.
 
      - The Board has selected VKW a wholly owned subsidiary of EVC
        International NV for a technical and financial collaboration
 and
        has entered into an agreement dated June 7, 1997 with VKW.
 
 1998 - During the year, the Company installed a Calendering Unit at
        Nasik with an installed capacity of 7200 MT.
 
      - The Company introduced a Voluntary Retirement Scheme for its
        employees at Head Office and Branches.  The Company also
        successfully offered the Voluntary Retirement Scheme for its
        employees at Thane Factory after the close of the year.
 
      - The Company has also restructured its organisation to provide
        considerable emphasis on Quality and Customer service, leading
 to
        better customer satisfaction.
 
      - The Company has computerised several areas of operations,
 leading
        to speed, accuracy and customer satisfaction.
 
      - The Company continued to be affected by low capacity
 utilisation
        due to competition in the market and general slow down in the
        economy.  Further, the Company's exports were adversely
 affected
        due to the Russian and Asian economic crisis.
 
      - Mr. C. P. Gaspar was appointed as a Director of the Company
 by
        the Board of Directors.  Mr. M. Uberti and Mrs. A. Van der
        Zwalmen were appointed as Additional Directors of the Company
 on
        26th February 1999.
 
 1999 - The Company's profitability was adversely affected due to an
        unprecedented increase in the price of PVC resin and other
        polymers in both the domestic and international markets.
 
      - During the year, the Company has entered into 3 years wage
        settlements with its employees at Thane and Nasik factories.
 
      - During the year your Company was presented the GOLDEN STATUS
        CERTIFICATE from the Ministry of Commerce, India, for its
        continuous performance for last three terms as Export House
 (i.e.
        Nine years) and the Best Export Performance Award for the
 year
        1997-98 and 1998-99 (1st position) for Rigid PVC films from
 the
        Plastics Export Promotion Council (PLEX CONCIL).
 
 2000 
 
 -Crisil has revised the rating for company's 18% NCD of Rs 1,549.10
 lakhs to BBB from BBB+.
 
 2001 
 
 -K.C. Holdings Pvt. Ltd. has bought 2,94,893 No. of equity shares of
 the company from Mr. Mofatraj P. Munot. Mr. Parag Munot has bought
 2,94,893 No. of equity shares of the company from Mr. Mofatraj P.
 Munot.
 
 2002
 
 -Caprihans India Ltd has informed that Mr. P.M. Nadig, the Managing
 Director of the Company has resigned from the services of the company
 with effect from November 26, 2002.
 
 2006
 
 -Caprihans India has recommended for payment of Dividend @ 10%
 
 2007
 
 -Caprihans India has recommended for payment of Dividend @ 10%
 
 2008
 
 -Caprihans India has recommended for payment of dividend @ 10%
 
 2009
 
 -Caprihans India has recommended for payment of dividend @ 15%
 
 2010
 
 -Caprihans India has recommended for payment of dividend @ 25%
 
 2012
 
 -Mr. Krishnava S. Dutt has been appointed as an Independent Director
 of the Company
 
 2013
 -Mr. Robin Banerjee has taken charge as Managing Director of the
 Company effective April 29, 2013.
 -Caprihans India Ltd hasrecommended for payment of dividend @ 15 % on
 the equity Share Capital
 
 2014
 -Caprihans India Ltd has recommended for payment of dividend @ 15% on
 the Equity Share Capital
 
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