YEAR EVENTS 1985 - The Comp. was incorporated on 4th November, at Hyderabad as a 100% export oriented unit. It was promoted by Rajendra Prasad, A. Dilip Kumar & Challa Suresh. The objects of Comp. is to manufacture soluble/instant coffee.
- The Comp. undertook to set up a plant to manufacture 1500 TPA of soluble coffee. The plant is located at Brahmanpally village, Toopran Mandal, a notified backward area in the Medak district of Andhra Pradesh. The plant & machinery for project was to be supplied by a consortium of suppliers such as M/s.Niro Atomizer of Denmark, GUMACO of Brazil, Carrier Corporation of U.S.A., Caterpillar USA etc. Green Coffee beans was to be procured from the Coffee Board & the Comp. was to adopt the spray drying process for manufacture of soluble coffee.
1988 - Allotted 10,98,050 shares to promoters & their associates, 2,00,000 shares to Brazilian Food Project Commercio Exportacao limited & 3,80,000 shares to APIDC. 28,70,450 shares then issued at par of which 4,61,950 shares to promoters & their associates & 1,80,000 shares to APIDC were reserved & allotted on a firm basis.
- Of the balance of 22,28,500 shares, the following shares were reserved for allotment on preferential basis: [is] 6,00,000 No. of equity shares to Commonwealth Development Corporation [all were taken ups]; [iis] 2,00,000 No. of shares to SBI Mutual Fund all were taken up & [iiis] 2,27,425 shares to employees [including Indian working directorss]/ workers of Comp. as well as those of promoter companies [only 47,100 shares taken ups].
- The remaining 12,01,075 No. of equity shares along with 1,80,325 shares not taken up by employees were offered for public subscription during July 1989. Additional 3,43,300 No. of equity shares allotted to retain oversubscription.
1991 - The Company, offered 48,82,800 No. of equity shares of Rs.10 each on rights basis in the ratio of 1:1 [all were taken ups]. Simultaneously, 2,44,100 No. of equity shares of Rs.10 each were issued to the employees & 8,00,000 No. of equity shares of Rs.10 each reserved to Canbank Mutual Fund.
- Additional 8,66,120 shares allotted to retain oversubscription [7,32,420 shares on rights basis; 13,700 shares to employees & 1,20,000 shares to Canbank Mutual Fund.
1993 - During the year under review specific efforts were made to develop markets in the Far East like Japan, Korea, Taiwan & Singapore & addition to CIS countries & European Economic Community.
1996 - The Comp. embarked upon manufacture of instant coffee products for domestic market with a view to stabilizing sales values & margin.
- The Comp. on behalf of Consolidated Coffee Ltd., developed a Chiccory blended instant coffee marketed under the brand name Tata Kaapi. Apart from entry into Russian markets through agencies, the Comp. proposed to enter the hard currency West European and South East Asian markets with the existing as well as new value added products. - The Comp. entered into a technical collaboration with Brazilian Fund Project Commercio Exportacao limited [BFPs], Brazil, for plant design supply, erection & operational assistance besides man-power training.
- The Comp. signed a Memorandum of Understanding [MoUs] with M/s. Alan J. Ridge and Breminer limited U.K., a coffee marketing company, for marketing the Company goods at the EEC market. Also another MoU was signed with M/s. L.M. Zukerman and Co. USA to act as Company selling agents.
- The Comp. proposed to undertake supplies to Japan, Australia & Eastern block countries. Also regular supplies were under taken to USSR through a contract entered into with Indian Coffee Board.
1997 - The Comp. on behalf of Consolidated Coffee limited has developed a chicory blended Instant Coffee which is being marketed by Consolidated Coffee limited under the brand name TATA KAAPI for domestic market.
1999 - Mr. Anil De, Director of Comp. passed away on 04.09.98.