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नारंग इंडस्ट्रीज > कंपनी इतिहास > Breweries & Distilleries > कंपनी इतिहास का नारंग इंडस्ट्रीज - बीएसई: 523317, NSE: N.A

नारंग इंडस्ट्रीज

बीएसई: 523317  |  NSE: N.A  |  ISIN: INE172C01015  |  Breweries & Distilleries

कंपनी इतिहास - नारंग इंडस्ट्रीज
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 .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.
 
 
स्रोत: रेलीगरे टेचनोवा

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