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स्टीलेज इंडस्ट्रीज > कंपनी इतिहास > Miscellaneous > कंपनी इतिहास का स्टीलेज इंडस्ट्रीज - बीएसई: 513175, NSE: N.A

स्टीलेज इंडस्ट्रीज

बीएसई: 513175  |  NSE: N.A  |  ISIN:  |  Miscellaneous

कंपनी इतिहास - स्टीलेज इंडस्ट्रीज
YEAR                       EVENTS
 
 1932 - The company was incorporated on 1st September under the name
 of
        Allwyn Steel Equipment Company Ltd.  With effect from 1st
 April,
        1967, the Company became a public limited company and a fresh
        Certificate of Incorporation was issued.  The Company
 Manufacture
        structural items, steel furniture and security equipment,
 safe
        deposite lockers and fire security items such as fire
        extinguishers, refills, foam compound, etc.  The company also
        manufactures trailer pumps, portable pumps, fire engines,
 etc.
 
 1948 - The name was changed from Iron Allwyn Steel Equipment
 Company,
        Ltd., to Steelage Industries, Ltd. with effect from 2nd
 December. 
 
      - The Company has two divisions, namely the physical security
        division and the minimax division.  The physical security
        division, was engaged in the manufacture and sale of security
        equipment such as safe deposit vaults, vault doors, safe
 deposit
        lockers, safes, etc. and steel furniture including
 sophisticated
        fire resistant cabinet and filling cabinets.
 
      - The minimax division, took over the business of the Indian
 branch
        of Minimax, Ltd. of U.K.
 
      - The Company obtained the Underwriters; Label for some of its
        safes which passed rigid tests of the Underwriters
 Laboratories
        of U.S.A., a part from the certification from the Dutch Safe
        Rating Committee and the approval of Central Building
 Research
        Institute, Roorkee.
 
 1952 - Since 1st April, the Company collaborated with the Chubb &
 Son's
        Lock and Safe Company, Ltd. of U.K.
 
 1975 - A well equipped factory for the manufacture of fire
 extinguishers
        and allied products was set up by the company at Ambattur,
        Chennai.
 
 1984 - Security Equipment Manufacturers, Ltd., Ahmedabad became a
 wholly
        owned subsidiary of the company since 12th July.
 
 1985 - The Company revalued its land, buildings, plant and machinery
 and
        electrical installations at Mazagaon, Mumbai and at its works
 at
        plant No. 1 at Ambattur, Chennai as on 1st July.
 
 1986 - Another modern industrial plant for the manufacture of fire
        engines, trailer pumps and portable pumps was commissioned in
        July at Ambattur.  A section of the division, operating as the
 
        Systems Division is engaged in production and installation of
        automatic fire alarm systems and fire hydrant systems at
 various
        locations.
 
      - With the public issue of equity shares during November, the
        company offered 2,49,750-13.5% secured convertible debentures
 of
        Rs 144 each for a total value of Rs 359.64 lakhs.
 
      - Out of the total issue, 1,17,370 debentures were reserved for
        preferential allotment in the following manner: 
 
      - (i) 12,480 debentures to employees (including working
        directors)/workers;
       
      - (ii) 4,990 debentures to business associates and
 
      - (iii) 99,900 debentures to non-resident Indians of Indian
 origin 
        residing abroad on full repatriation basis.
 
      - The entire 99,900 debentures offered to non-resident Indian
 were
        taken up but only 6,170 debentures were taken up by
        employees/business associates.
 
      - The Balance of 1,32,380 debentures together with the
 unsubscribed
        18,290 debentures of the preferential quota, were offered for
        public subscription.  Only 1,43,680 debentures were taken up
 by
        public.
 
      - Prior to the public issue of equity shares during November,
 the
        issued and subscribed share capital of the company comprised
 of
        12,48,750 No. of Equity shares of Rs 10 each.
 
      - The paid-up share capital included (i) 22,500 shares allotted
 as
        fully paid-up pursuant to a contract without payment in cash;
        (ii) 100 shares allotted as fully paid-up, partly for cash
 and
        partly pursuant to a contract without payment in cash; (iii)
        7,16,875 bonus shares (92,600 bonus shares in July 1979 in
 the
        prop. of 1:2 and 6,24,375 bonus shares in February 1986 in
 the
        prop. of 1:1) and (iv) 3,46,875 rights equity shares in the
 prop. 
        of 6:4.
 
      - The main objects of the public issue of equity shares and
        debentures during November were to augment long term
 resources
        for working capital, to finance the capital expenditure
        programmes on plant and equipment at Mazagaon and other
        factories, to set up a foundry and heat treatment shop at the
        Halol factory and to get the securities of the company listed
 on
        the stock exchanges.
 
 1987 - Pursuant to the terms of the issue, a portion of Rs 44 of
 each
        debenture was converted into 2 fully paid-up equity shares of
 Rs
        10 each at a premium of Rs 12 per share as on 23rd July.  The
        non-convertible portion of Rs 100 of each debenture would be
        redeemed at par on 23rd January, 1994.
 
      - 4,99,500 No. of equity shares allotted (prem. Rs 12) on
        conversion of convertible debentures as on 23.7.1987.
 
 1989 - Despite labour constraints at Ambattur plants in the first
 few
        months and a strike by workmen at Halol throughout the last
        quarter, the performance was satisfactory.
 
 1993 - Physical Security Division suffered a setback due to
 prolonged
        labour problems and lock-out at the Mumbai plant.
 
 1995 - The Company has made a Rights Issue of 10,40,625 No. of
 equity
        shares of Rs 10 each at a premium of Rs 40 per share,
 aggregating
        to Rs 520.31 lacs, in the ratio of 1:2.
 
 1996 - In the ratio of one Right Share for every two equity shares
 held
        as on 1st March being the `Record Date'.  The issue was kept
 open
        from 25th March to 24th April.  The Rights Issue has been
 fully
        subscribed and the necessary procedural formalities for
 allotment
        are in process.
 
      - As at 31st March, 41 depositors having deposits aggregating
        Rs. 2,16,000 did not communicate to the Company their
 intention
        to claim or renew the deposits.
 
      - The Company does not have any formal technical foreign 
        collaboration at present. It has been developing technology
        indigenously and has successfully absorbed the same.
 
 1998 - The company plans to expand its co-operation with various
        companies in the Williams group, and introduce initiatives in
        the security and fire protection market in the country.
 
 1999 - The two promoters of Steelage Industries Ltd (SIL), Chubb
        International Holdings of UK and Turner Morrison Group (TMG),
        have agreed to readjust their 83 per cent shareholding in the
        company.
 
 2000 - Two Swedish companies Gunnebo AB and Assa Abloy AB have made 
             an open offer to acquire nearly 16.80 per cent equity
 stake of the public in 
             steelage Industries Ltd, subsequent to their acquisition
 of substantial stake 
             in Steelage from Williams PLC of Britain, the overseas
 founder of the company.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • NEWS FLASH EVE : HDFC Bank का Q2 मुनाफा अनुमान से बेहतर
  • NEWS FLASH EVE : मुनाफा `6345 Cr (`6107 Cr अनुमान था)
  • NEWS FLASH EVE : NII `13,515 Cr (`13,887.6 Cr का अनुमान था)
  • NEWS FLASH EVE : मुनाफा `5010 Cr से बढ़कर `6345 Cr (YoY)
  • NEWS FLASH EVE : ग्रॉस NPA 1.40% से घटकर 1.38% (QoQ)
  • NEWS FLASH EVE : नेट NPA 0.43% से घटकर 0.42% (QoQ)
  • NEWS FLASH EVE : प्रोविजनिंग `2614 Cr से बढ़कर `2701 Cr (QoQ)
  • NEWS FLASH EVE : मुनाफा `73.4 Cr से बढ़कर `91.4 Cr
  • NEWS FLASH EVE : NII `810 Cr से बढ़कर `980 Cr
  • NEWS FLASH EVE : ग्रॉस NPA 1.96% से बढ़कर 2.09% (QoQ)

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