Consolidated Finvest & Holdings Ltd.
NSE:CONSOFINVTEQ | 58888:jipo | IND:Finance & Investments | ISIN code:INE025A01027 | SECT:Finance
The Company History page lists out the major events in chronological order for Consolidated Finvest & Holdings Ltd.
Company History - Consolidated Finvest & Holdings Ltd.
YEAR EVENTS 1986 - The Company was incorporated on May 1, 1986 under the name of Konica Photo Films (P) Ltd. The Company's name was changed to Bhimtal Photo Films (P) Ltd. with effect from July 17, 1986. The Company thereafter, acquired a photographic unit located at Bhunital, District Nainital (UP) in July, 1987.
1988 - The Company was subsequently converted to a Public Limited Company on December 5.
1990 - The Name of the Company was further changed to Jindal Photo Films Limited with effect from November 27. The Company diversified into the conversion of color roll films in 1988 under the brand name `Super Plus'.
1992 - The Company launched the Fuji Film and Fuji Color brand in the country from February. The Company undertook conversion of other specialised photographic products such as graphic art film, X-ray films, medical imaging film and industrial X-ray films.
- Effective 1st January, Phototech Ltd., engaged in similar business as that of Jindal Films mixed with the Company and 97,266 No. of equity shares of Rs 10 each were issued for consideration other than cash.
1993 - During the year under review, the company made public Issue of 8,70,000 No. of Equity Shares of Rs 10 each at a premium of Rs.140 per share.
- The company has been awarded a rate contract from the directorate general of supplies and disposals in December for the supply of Medical X-ray films.
1994 - The company has entered into a price agreement with DGS&D for the supply of its Super plus brand of 35mm cine color positive films. The company has become the first private sector company to have such an arrangment with the DGS&D.
- The company has successfully commissioned the Dadra project situated in the Union territory of Dadra & Nagar Haveli during the month of October, 1993.
- During the year the company has introduced black and white photographic paper.
- The company has made a bonus issue in the ratio of 1:1 by capitalisation of general reserve.
- During the year under review the company has set up a new unit at Dadra in the union territory of Dadra & Nagra Haveli and energy efficient devices has been installed in the new unit wherever necessary.
- The Company proposed to introduce voltage regulator on H.T. side instead of conventional L.T. side, thereby saving of power would be to the tune of Rs. 1 lac per annum.
1995 - The Company undertook to set up a project for expansion of capacities at the existing unit at Dadra for manufcture of photographic products. Also, another project for manufacture of cameras & photo chemicals were undertaken. In addition as a backward integration project for manufacture of spooler and cassettes were also undertaken.
- During January, the Company issued through a prospectus 6,00,000 No. of equity shares of Rs 10 each at a premium of Rs 200 per share and another 50,60,000 No. of equity shares of Rs 10 each at a premium of Rs 185 per share as follows:
- Of the 6,00,000 shares at a premium of Rs 200 per shares the following were reserved and allotted in a firm basis: (i) 3,55,000 shares to LIC Mutual Fund. (ii) 50,000 shares to Indian Bank Mutual Fund. (iii) 25,000 shares to BOI Mutual Fund. (iv) 70,000 shares to ICICI Mutual Fund and (v) 1,00,000 shares to SBI Mutual Fund.
- The Company also offered 32,00,000-10% cumulative convertible preference shares of Rs 10 each (only 19,800 shares taken up), 20,000 shares were reserved for allotment to employee (non were taken up).
- Balance 30,00,000 CCPs & 50,60,000 No. of equity shares of Rs 10 each were issued at a premium of Rs 185 per share to the public. 200 CCDs not taken up by employees were issued to the public. Through a letter of offer 226,88,128-10% CCDs were issued at par to the shareholders in proportion 2:1. Each CCD was to be converted into one equity share of Rs 10 with in a period of 30 months from the date of allotment.
1996 - During the year a devastating fire broke out in the head office due to which records were destroyed.
- Approval was received for commerical production of Fujittant for various chemicals & regular production was expected to commence in September 1997. The company undertook to set up a roll film unit-II in Dadra.
- 34,74,532 shares allotted to promoters (of which 17,37,260 bonus equity shares issued in prop. 1:1 in 1992). During January 1993, the Company issued through a prospects 8,70,000 No. of equity shares at a premium of Rs 140 per share to the public. 43,44,532 bonus shares issued in prop. 1:1. 26,55,000 shares allotted to promoters on preferential basis.
1997 - Jindal Photo Films Ltd is proposing to put up an assembly line in Dadra, as and when the market share of cameras increase.
- The company launched Fujicolor Superia (colour film) in the city with 100/200 ASA.
1998 - Jindal Photo Films Ltd has announced the introduction of their latest range of products and services in India. The new range includes the latest in international technologies in photo finishing lab machines, photographic chemicals, photographic colour papers and film rolls. The new range includes FujiFilms new ultra-compact SFA-238 advanced photo system.
- The company has a marketing and technical tie up with Fuji Photo Film Co. Ltd, Japan. Jindal Photo Films produces a wide range of products, including colour films, colour paper, medical X-ray films, cine colour positives, graphic art films, industrial X-ray films and black and white paper.
- Jindal Photo Films Ltd is the market leader in the photographic goods business in India and holds a major market share in many product categories.
1999 - The company is also planning to open 150 additional `FujiFilm Image Service' (FIS) outlets in the next fiscal, taking the total number of such outlets to around 400.
- Jindal Photo Films Ltd (JPFL), market leader in photographic films, plans to capture 40 per cent of the market share with the launch of its new extra-sensitive Fujicolor "Crystal" films.
- Fujifilm announced the launch of its digital minilab, at Photofair 99, through its Indian associate, Jindal Photo Films.
2000 - Jindal Photo Films Ltd (JPFL) has launched a comprehensive range of printing media for desktop and commercial outdoor advertising.
- Jindal Photo Films Ltd (JPFL) has expanded its medical diagnostic equipment range with the introduction of Fuji Thermal Imager FTI-500, Fuji Laser Imaging Films (LI-IM/LI HM), Fuji Computed Radiography Systems (FCR) and Automatic Film Processors (FPM).
- The company Indian's largest manufacturer of photographic products, launched the world's smallest digital camera FinePix4700zoom.
- The Company has launched a `Roll Mein Gold' scratch-and-win scheme for its high-end roll film.
2001 - Jindal Photo Films Ltd., a manufacturer of photographic products, in association with Clickcricket.com has launched an online Fujifilm cricket photogallery.
-Changes in the Management: Mr Rathi Binod Pal & Mr Shammi Gupta appointed as MD and Whole time director on the Board of the company respectively. Mr Vimal Kumar Khemka resigns from the Managing Directorship.
-Evinces Expression of Interest to take over loss making Hindustan Photo Films Manufacturing Co. Ltd.
-Acquires 1,50,00,000 Optionally convertible Preference shares of Jindal Polyester Ltd.
-Ashwarya no longer to remain the brand ambassador of Fuji brand of Photographic products.
-FujiFilm revamps the marketing strategy, whereby it would focus its marketing activities on the ameteur segment.
-Starcom MediaVest Group handles the media planning & buying for Fuji Films.
-Approved the change of name of the company from Jindal Photo Films Limited to Jindal Photo Limited.
-JPL signs new pacts for endorsement of Fuji Films
-Jindal Photo Ltd has informed that the UP Stock Exchange Association Ltd, Kanpur and the Delhi Stock Exchange Association Ltd have approved the delisting of shares of the Company w.e.f. December 31, 2003 and February 11, 2004 respectively.
-Jindal Photo Limited has informed that The Stock Exchange, Ahmedabad, have approved the delisting of shares of the company w.e.f. February 23, 2004.
2005 -Company has changed its name from Jindal Photo Ltd to Consolidated Finvest & Holdings Ltd.
--Registered Office of the Company has been shifted to 19th k.m. Hapur-Bulandshahr Road, P.O. Gulaothi, Dist. Bulandshahr, Uttar Pradesh - 245408.
-Company recommended final dividend of Rs 0.50 per share.
Consolidated Finvest & Holdings Ltd. Quick Links