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नेटवर्क > कंपनी इतिहास > Consumer Goods - Electronic > कंपनी इतिहास का नेटवर्क - बीएसई: 523558, NSE: NETWORK

नेटवर्क

बीएसई: 523558  |  NSE: NETWORK  |  ISIN: INE010C01025  |  Consumer Goods - Electronic

कंपनी इतिहास - नेटवर्क
YEAR                       EVENTS
 The company was incorporated & registered under the Companies Act
 1956 in year 1989 and the registered office of the company is at
 W-41, Okhla Industrial Area, Phase II, New Delhi - 110020. The name
 was changed to Network Ltd. effective 9th November, 1990.
 
 1989 - Network Ltd., was promoted by Shiv Nadar and A.K. Dang.  In
        accordance with the scheme of amalgamation, 51,00,000 No. of 
        equity shares of Rs.10 each in the Company were allotted to
 the
        erstwhile shareholders of ICNL.  With this, ICNL and INSL
 stood
        dissolved without winding up.
 
      - The Company's object is to manufacture Electronic Type
 Writers,
        (ETWs) Word Processors, display modules, ribbons, medical
        diagnostic equipments like ultrasonic scanners etc.
 
      - Under the scheme of arrangement and amalgamation, Network
 Ltd.,
        acquired the whole business together with the assets and
        liabilities of Indian Communications Network Ltd. (ICNL), and
 its
        subsidiary Indian Network Systems Ltd. (INSL) effective from
 1st
        January, as per the approval received from the High Court of
        Delhi.  The amalgamation became effective from 31st March,
 1990.  
 
      - The installed capacity of ETW plant increased from 6000 units
 in
        1987 to 25,000 units in 1988-89.  The installed capacity of
        ribbons increased from 8 lakh numbers of cartridges in 1988-99
 to
        16 lakh nos. in 1990-91, at its facility at B-73, Sector 2,
        Noida, U.P.
 
      - The Company produces 75 different models priced from a low
 end
        product to high end work processor.  These products use a
 range 
        of displays that vary from standard on line liquid Crystal 
        display to full page display.  These products provide
 facilities 
        to operate in a bilingual environment whether in Hindi
 Gujarati, 
        Marathi or Russian.  The versatility of the product can be 
        enhanced by adding a floppy disk drive and computer
 interface.
 
      - The Company has collaboration agreement with Canon Inc., Japan
 
        for licence and technology to manufacture ETWs, interface
 units 
        and other optional apparatuses using parts, accessories and 
        consumables.  In return for the services rendered, an initial
 sum
        of 30 million Japanese Yen was paid and a royalty was payable
 at 
        the rate of 3% of the net ex-factory sale value of all
 licensed
        products manufactured by the Company for a period of 5 years 
        effective 1st April, 1987.
 
      - It also entered into a technology transfer agreement with
 Medison
        Co. Ltd., S. Korea for technical information and patents
 relating
        to the contract products diagnostic ie., ultrasound scanners. 
 In
        return, the Company was to pay a technical know how fee of US
 
        ,00,000 (subject to Indian taxes) in three equal instalments
 
        and an annual royalty of 3% of the net ex-factory selling
 value 
        for a period of 5 years from the date of commencement of 
        commercial production.
 
      - The Company was also in an advanced stage of collaboration
 with
        Canon Inc., Japan for the manufacture of Facsimile machines
 and
        newly designed Cannon ETWs and Word Processors.  Terms of
        collaboration as approved by RBI are a lumpsum technical
 know-how
        fee of 40 million Japanese Yen, 5% royalty on domestic sales
 and
        exports for a period of 5 years.
 
      - During the year, the new XP series of Electronic Type Writers
        were launched which were designed and developed indigenously.
 
        Also, the Company's new plant for ribbon cartridges went into
        full scale production.
 
      - The Company signed a Distributorship agreement with Picker
        International, USA., a fully owned subsidiary of General
 Electric
        Company of U.K. for exclusive sale, installation and service
        Medical Diagnostic Imaging Equipment manufactured by them.
 
      - The Company has also an agreement with Robert Bosch GmbH,
 Germany
        for sale of computerised controls and programmable controls.
 
      - The Company proposed to float a 100% subsidiary company
 called
        `Network Finliase Ltd.' to mobilise funds to fuel growth.
 
 1990 - The Company proposed to open an office at Moscow with the 
        approval received from the Russian Government authorities.
 
      - A new range of ETWs under the brand name Lasernet were
        launched.
 
      - 7 shares subscribed for by signatories to the Memorandum of
        Association.  51,00,000 shares allotted without payment in
 cash
        to shareholders of Indian communication Network, Ltd. as per
        scheme of Amalgamation.
 
 1991 - The Company launched `Nevus' an ultrasound diagnostic scanner
 at
        its facility located at NOIDA.  This was manufactured under
        technical collaboration with Medison Co. Ltd., S. Korea.
 
      - In addition, RBI's permission was obtained to enter into 
        collaboration with Canon Inc., Japan for the manufacture of
        Facsimile machines and newly designed Canon electronic
 typewriter
        and word processors.
 
      - The Company launched a range of five facsimile machines to 
        further strengthen its office automation market.
 
      - 13,44,000 shares allotted (prem. Rs.12.50 per share) in part
        conversion of debs.
 
 1992 - Three additional models of electronic typrwriters under a new
        brand name Lasernet were launched.  With extensive effort an
        indigenisation, the company proposed to introduce a special
 low
        priced electronic typewriter.
 
      - During January-February, the Company issued 6,72,000 - 15%
        secured redeemable partly convertible debentures of Rs.125
 each 
        of which 33,600 debentures were offered to the employees on
        preferential allotment basis (only 16,550 debentures taken
 up).
 
      - The remaining 6,38,400 debentures along with 17,050 debentures
 
        not taken up under employees quota were offered to the public
 
        (all were taken up).
 
      - Rs.45 of the face value of each debenture was to be converted
 
        into two equity shares of Rs.10 each at a prem. of Rs.12.50
 per
        share on the date of allotment of debentures.  Accordingly 
        13,44,000 shares were allotted on 26.3.1992.
 
      - The remaining Rs.80 of the face value of each debenture was to
 be
        redeemed at par in three annual instalments at the end of the
        6th, 7th and 8th year respectively from the date of allotment
 of
        debentures.
 
 1993 - Office automation segment launched a range of high quality
        computer printers.  These machines incorporate the
 revoluntionary
        bubble jet, printing technology.
 
      - A high powered portable notebook computer with an in-built
 bubble
        jet printer was also launched.
 
      - The Company undertook to manufacture and sell Medical
 Diagnostic
        Equipment such as Ultrasound Scanners at its existing
 facilities.
 
 1994 - Canon QS series of electronic typewriters and faxes in
 alliance
        with Col-Comp Inc., Taiwan were launched.
 
      - Also the Company introduced Fresh N Air purifier an innovation
 in
        cutting out air pollution at homes and offices.  The Company
        proposed to introduce new products in plain paper faxes and
        non Impact printers.
 
      - The Company proposed to enter into the Telecom Services areas
        confering VSAT, cellular telephones, paging, video
 conferencing
        and other such related areas.
 
      - The Company entered into a joint venture agreement with
 Pieker
        International Inc. of USA to form a company viz. Network
 Pieker
        Ltd. for the manufacture and sale of diagnostic imaging
 systems
        including CT Scanners and NRIs.
 
      - The Company has 18 Regional offices in India, 70 dealers
 handling
        ETWs and consumables and plans to expand it to 90 dealers.
 
 2000
 
 -Network Solutions the Bangalore-based enterprise network integration
 company  floated a joint venture company in partnership with the
 Pune-based Opus Software Solutions.
 
 2006
 
 -Network enters into MoU with SWISS MILITARY
 
 2007
 
 -Network Ltd has informed that the Company has signed an agreement
 with HANOWA LTD of Switzerland as Sole Distributor for Watches in
 Indian Domestic Market.
 
 -The company has designated E-mail ID for Investor Complaints:
 network.limited@gmail.com
 
 2009
 -Network Ltd has informed that Mr. G S Goyal has been appointed as an
 Additional Director of the Company w.e.f. June 30, 2009.
 
 2010
 -Network Ltd has appointed Mr. Aman Sawhney as an additional director
 of the company w.e.f. May 17, 2010.
 
 2014
 -Network Ltd has The registered office of the Company has been
 changed from W-41, Okhla Industrial Area, Phase-ll, New Delhi-110020
 to W-39, Okhla Industrial Area, Phase-ll, New Delhi-110020, with
 effect from July 19, 2014.
 
 
स्रोत: रेलीगरे टेचनोवा

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