Company History: YEAR EVENTS1992 - Somani Printer Ribbons Ltd. was incorporated on 23rd December as a Private Limited Company under the Companies Act 1956 with an authorised share capital of Rs. 5.00 lakhs for the manufacture & marketing of computer ribbons.1994 - The Company was subsequently converted into a Public Limited Company by passing a special resolution dated 30th July and certificate of change of name was obtained on 14th October.
- The main objects of the Company as set out in the Memorandum and Articles of Association are to carry on the business of manufacturer buyer sellers importers exporters dealers and distributors of computer ribbons computer stationery and other computer consumables.
- The Company manufactures printer ribbons with brand name of "ABEE" which is well established in the market. Because of the good quality of the products the Company was recently awarded ISO 9002 certification.
- The Company has manufactured 17.55 Lac metres of printer ribbons on an installed capacity of 30 Lac metres per annum for the six months period ended 30.09.1994 thus acheiving a capacity utilisation of 117.00%.
1995 - The Company made its first Public Issue which open for public subscription on 2nd May.
1996 - The Company proposes to capture Global Markets in various developing countries.
1998 - The Company had undertaken new projects and entered into new contracts.
2000 - A Technology transfer agreement is set to be signed between Pune-based Abee Info-Consumables Ltd and UK-based IT Image Ltd for the manufacture of compatible laser and inkjet cartridges. For this purpose a joint venture company Abee IT India Ltd has been formed.
