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Home > Business India > Company Profiles: Kodak India Ltd.

Kodak India Ltd.
Registered Office : Vinay Bhavya Complex 'B' Wing 6th Floor 159-A CST Road Kalina Santacruz(East) Mumbai Maharashtra - 400098 Tel: 26528331 26526002
Business Group: MNC Associate Industry Type: Photographic & Allied Products
Key Officials:
Public Issue Date: Not Available BSE CODE: Not Available NSE CODE: Not Available
Face Value: 10 Market Lot: 1 ISIN: INE377A01014
Current PE: 14.9242 Current Market Capital: 388.455
Promoters %: 93.9673
Promoters Shares: 10510293
Institution Investment %: 0.0045
Institution Investment Shares: 503
Auditor:
Banker:
Registrar:
Company History: 1973

- The Company was incorporated on 23rd August 1973. The Company wasincorporated for the purpose of acquiring the business and undertakingin India of Kodak Ltd. U.K. a wholly-owned subsidiary of EastmanKodak Company U.S.A. The Company is involved in Marketing andprocessing of imported Eastman colour films for the motion pictureindustry in India as well as for professional photographers.

- Specialised products such as film and equipment for micrographics industrial radiography aerial photography and the graphic arts arealso imported in addition to the KODAK films both colour and black andwhite for amateur and professional photographers. The Company alsomixes and packs photographic chemicals formulated to Kodakspecifications and standards.

1976

- Pursuant to a Scheme of Arrangement and Amalgamation the entirebusiness and undertaking in India of Kodak Ltd. U.K. became vested inthe Company with effect from 1st November.

- As consideration for the acquisition the Company allotted to Kodak Ltd. U.K. 1 97 493 No. of equity shares of Rs 10 each at par.

1979

- Under the Confidentiality Agreement dated 11th July between theCompany and Eastman Kodak Co. U.S.A. granted to the Company aroyalty-free non-exclusive non-transferable licence to use in theCompany's operations technology relating to photographic goods andservices and confidential information received by the Company from theIndian branch of Kodak Ltd. U.K.

- On 11th July the Company entered into a trade mark licence agreementwith Eastman Kodak Co. U.S.A. under which the Company was granted anon-exclusive non-transferable licence to use trading style as Kodakaffiliated company and certain trade marks of which Eastman Kodak Co.is or will be the registered proprietor in India.

- 3 02 500 shares issued (prem. Rs 6 per share) of which 20 000 sharesto Indian directors employees and business associates 25 000 sharesto UTI and 12 500 shares to LIC were reserved and allotted. Thebalance 2 32 500 shares offered to the public in September 1979.

1983

- 5 00 000 Bonus Equity shares issued in prop. 1:1.

1984

- The Company revalued its land and buildings on 31st December. Thenet surplus of Rs 2 57 45 604 arising out of this was credited tocapital reserves.

1985

- A letter of registration was received from the DGTD for themanufacture of 35 mm cameras.

1988

- A 35 mm cameras under the brand name "KROMA" was launched.

- During September-October the Company issued 3 02 500-14% securedconvertible debentures of Rs 160 each for cash at par as rights in theproportion 1 debenture: 20 No. of equity shares (only 2 82 857debentures taken up). The unsubscribed portion of 19 643 debentureswas allotted on private placement basis.

- The Company also issued 15 125 debentures of Rs 160 each to employees(including Indian working directors)/workers of the Company on anequitable basis (only 920 debentures taken up). The balance 14 205debentures were allowed to lapse.

- Rs 60 of the face value of each debenture was to be converted intotwo equity shares of Rs 10 each at a premium of Rs 20 per shares within6 months from the date of allotment of debentures.

- The non-convertible portion of Rs 100 of the face value of eachdebenture was to be redeemed at par in 3 instalments at the end of 6th 7th and 8th years from the date of allotment of debentures.

- Accordingly 6 06 840 No. of equity shares were allotted at a premiumof Rs 20 per share on 1st May 1989. Another 3 96 201 shares wereallotted in May 1989 to Kodak Ltd. U.K. at a premium of Rs 20 per shareto maintain its shareholding in the Company at 39.5%.

1991

- RBI gave its approval for the issue of 4 46 959 No. of equity sharesof Rs 10 each at a premium of Rs 90 per share to Kodak Ltd. U.K. tocover foreign exchange cost of the imported plant and machineryrequired for the project for finishing of various photographicproducts.

1993

- On 30th July the Company entered into an agreement to sell its landand buildings at Prabhadevi Worli Mumbai for a sum of Rs 11.75crores to appropriate authority Income Tax department on 27th May 1994.

- Another agreement was entered into to sell its property at KodakHouse at 222 DN Road Mumbai with Deutsche Bank AG for a totalconsideration of Rs 40 crores.

1995

- The Company became a subsidiary of Kodak Ltd. effective from 29thSeptember the name of the Company was changed from India PhotographicCompany Ltd. to Kodak India Ltd.

1996

- The Company issued on 10th May 12 25 000 bonus equity shares inproportion 1:2.

- On 1st June the Company allotted 33 16 385 new equity shares of Rs10 each at a premium of Rs 194 per share to Kodak Ltd. U.K. toincrease the holding from 50.54% to 74%.

1997

- The Company's Consumer Imaging Business Unit launched Kodak Goldfilms with Colour Sharp Technology Kodak KB 10 camera and KodakMinilab System 52R/V-50 for film developing and printing during theyear.

- The Company's Kodak Professional Business Unit launched Profoto 100professional colour negative film. The Professional Motion ImagingBusiness Unit launched Vision 500T and 320T colour negative films. TheHealth Imaging Business Unit launched a new Medical Laser Printer (MLP190) for recording outputs from CT Scans and Magnetic Resonance Imagingunits and Digital Archiving for Catheterisation Labs.

- As at 31st December 51 73 625 No. of equity shares of the Companywere held by Kodak Ltd. U.K.

- India has been identified as among the top 15 markets for Kodak asfar as consumer imaging is concerned and that means they will beintroducing and reinforcing the company in all the three categories -manufacturing cameras photographic films and services.

- Kodak has three factories - at Bangalore Malanpur and Goa. The Goafactory has recently been commissioned for film and health imagingproducts.

- Kodak India announced the launch the new Kodak Gold family of filmswith patented color sharp (TM) technology that delivers the bestcombination of colour saturation colour accuracy and sharpness of any35 mm colour negative consumer film currently manufactured.

1998

- The company also received ISO 9002 certifications for its Bangaloreand Goa plants.

- Kodak Digital Science Scanner 3500 one of the scanner models beinglaunched in India was ideal for continuous scanning and can captureupto 5 000 documents a day with different speeds upto 75 pages perminute and also available in simplex and duplex models.

- Kodak India Ltd has set up a new division - Business Imaging Systems- which will introduce a range of scanners and CD libraries for avariety of applications.

- India along with its parent company Eastman Kodak is setting up acompany in Nepal called Nepal Photographic Co.

1999

- The company on October 29 entered into an agreement with KodakPolychrome Graphics India Pvt. Ltd (KPG) to sell and transfer the saidgraphic arts products business consisting of assets and liabilities ofthe business and intangible assets as a going concern to KPG witheffect from November 1st.

- The Company has commissioned a plant for manufacturing colournegative paper at Hetauda Nepal in September.

- In January 1998 Kodak set up a software product development centrein China.

- Kodak India Limited is a subsidiary of Eastman Kodak UK which holds74 per cent stake in the company. The remaining rests with the public.

- During the 1999-2000 the company launched Kodak Picture Perfect Program Visual Marketing Center and two new models of Kodak Large Format inkjet.

2000

- Kodak has launched the Kodak Visual Marketing Centers concept as partof its efforts to set good standards in digital display graphics andensure standardised print quality across various applications.

- Kodak India Ltd has announced the launch of the large format 4 000series of inkjet printers.

- Kodak India Ltd has launched a new 35 mm consumer color negativefilm - Kodak Max.

- Eastman Kodak will relaunch its internet site Kodak.com in a bid tobecome the premier picture site on the Web and to draw consumers intoits range of online and digital products.

- R S Mani is the new Managing Director of Kodak India.

- Kodak India Ltd. has launched the Kodak Picture Maker.

- Kodak has introduced the Digital Science Tm Document Scanner 9520 andDocument Scanner 7520 in the high-volume segment.

- Kodak has launched a sleek new camera KE60 which makes takingpictures easy and fund.

2001

- Consumer imaging major Kodak India Ltd. is all set to launch adigital minilab called -- system 88 -- on March 23.

- Kodak's Document Imaging division has announced the launch of its newKodak i50 Scanner in India.

- In 2001 the company has launched new series of LED printers andlarge format inkjet printers for professional applications and launchedthe KB 12 plus camera for the consumer segment. The company has alsoinstalled the first computed radiography systems in Mumbai.

2002

-Kodak unveils alkaline and carbon-zinc batteries with low prices.

-Kodak India Ltd launches its first Digital Imaging Centre in Pune.

2003

-Kodak Ltd informs that they have acquired shares of Kodak India Limited through open offer and Market purchases.

-Kodak India Ltd launches EC 100 a 35 mm camera for amateur beginners for user-friendly features.

-Hutch tied up with Nokia and Kodak to launch the click and print MMS service.

-Kodak India has announced the launch of a `photographer-on-call-programme' whereby consumers can link up directly with photographers accredited by Kodak by dialling a toll-free number

2004

-LG Electronics Inc has announced its tie up with Kodak India Ltd to provide prints on Kodak paper from images captured on LG RD 7230 CDMA video camera phones

2005

-Kodak unveils new EC300 camera

(Source: RTGSL)


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