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History of Abee Info-Consumables Ltd.

YEAR EVENTS 1992 - 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 manufacture and marketing of computer ribbons.

1994 - The Comp. was subsequently converted into a Public Limited Comp. by passing a special resolution dated 30th July, and certificate of change of name was obtained on 14th October.

- The main objects of Comp. 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 & other computer consumables.

- The Comp. manufactures printer ribbons with brand name of 'ABEE' which is well established in the market. Because of the good quality of products, the Comp. was recently awarded ISO 9002 certification.

- The Comp. has manufactured 17.55 Lac metres of printer ribbons on an installed capacity of 30 Lac metres per annum for six months period ended 30.09.1994 thus acheiving a capacity utilisation of 117.00%.

1995 - The Comp. made its first Public Issue which open for public subscription on 2nd May.

1996 - The Comp. proposes to capture Global Markets in various developing countries.

1998 - The Comp. had undertaken new projects & entered into new contracts.

2000 - A Technology transfer agreement is set to be signed between Pune-based Abee Info-Consumables Ltd, & UK-based IT Image Ltd, for manufacture of compatible laser & inkjet cartridges. For this purpose, a joint venture company, Abee IT India Ltd, has been formed.