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કૉર ફુડ્સ > કંપનીનો ઈતિહાસ > Consumer Goods - Electronic > કંપનીનો ઈતિહાસ ના કૉર ફુડ્સ - બીએસઈ: 500458, ઍનઍસઈ : PHILCORP

કૉર ફુડ્સ

બીએસઈ: 500458  |  ઍનઍસઈ : PHILCORP  |  ISIN: INE601A01017  |  Consumer Goods - Electronic

કંપનીનો ઈતિહાસ - કૉર ફુડ્સ
The Company was Incorporated on 20th January,1983 under the name of
 Goa Optics Pvt. Ltd., as a private limited company.  It was promoted
 by Photophones Ltd., together with Moorad Fazalbhoy, Abdullah
 Fazalbhoy, Indovest Holdings Pvt. Ltd., Alliance Consultancy Services
 Pvt. Ltd., and Gulmohr Trading Co. Pvt. Ltd.
 
 The Company's objects is to manufacture photographic cameras,
 photographic and cinematographic film laboratory and photo-finishing
 machinery, accessories and spares, audio-visual sound equipment and
 photo-sensitive material and chemicals.
 
 
 1984 - All shares held by promoters, directors, etc.  Equity shares
 of 
        Rs.100 each subdivided into shares of Rs.10 each from
 8-2-1985.
 
 1985 - The name of the company was changed to Photophone Industries 
        India Pvt. Ltd., on 8th February, and it became a public
 limited
        company on 27th March.
 
      - The Company established the following manufacturing lines at
 its
        plant located in Goa :- 
 
      - (i) Photographic cameras with product base from Minolta Camera
 
        Co. Ltd., Japan and Goko Industrial Co. Ltd., Japan.
 
      - (ii) Photographic and cinematographic film laboratory and
        photo-finishing machinery, accessories and spares with
 product
        base from Gretag San Marco Spa of Italy, a subsidiary of Ciba
        Geigy Group, Switzerland and
 
      - (iii) audio-visual and sound equipment with product base from
        Hanimex, Ireland and through indigenous research and
 development
        activities.
 
      - The Company manufactures a complete range of 110 mm and 35 mm
        format cameras and they are marketed under the brand name of 
        HOT SHOT.  A range of world class flash units are also 
        offered.  The company's product range also includes
        photo-sensitive materials such as PICCOLO film, paper and
        chemicals starting with 120 mm and 135 mm format black and
 white
        film, in addition to fine-grain and high-resolution 110 mm
 and
        135 mm format colour films.  The product range was widened
 with
        the introduction of a sophisticated camera viz., MINOLTA
        Photophone AF-E.
 
      - 15,50,000 No. of equity shares issued at par of which the 
        following shares were reserved for allotment: 
     
      - (i) 3,50,000 shares to promoters, etc.,
 
      - (ii) 95,000 shares to employees of the company and
  
      - (iii) 24,000 shares to business associates of the company. 
 All
        but 9,900 shares of the employees quota were not taken up. 
 The
        balance 10,81,000 shares along with 9,900 shares not taken up
 by
        the employees were offered to the public in October.
 
 1987 - The Company launched the mini hot shot cameras.  The Company 
        entered the instant photographic business with the
 introduction
        of the In a snap system.
 
      - Three new models of cameras of contemporary design were 
        introduced and the company developed the country's smallest
 size
        110 mm format camera for low end of the market.  Konica brand
 of
        photographic colour paper offered in different finishes such
 as
        glossy, lustre and silk were received in the market.  
 
      - In co-operation with Konica Corporation, the company
 introduced a
        new generation of processing chemicals called Washless 
        chemistry that obviated the need for water in processing
 films
        and paper.  Two new products viz., a portable overhead
 projector
        for education and training and a new model of an inexpensive 
        35mm camera were introduced.  
 
      - The Company installed instant photographic systems designed
 to
        use Polaroid films, in 89 towns.
 
      - The Company started new system of `franchised labs' using 
        photophone's mini lab equipment with the facility to the 
        franchisees to pay franchise fees over a period of time.  23
 such
        franchised labs were established under the said system.
 
      - In association with Konica Corporation, the company introduced
 
        `Konica Square' a fully computerised franchised photofinishing
 
        lab.  The Company proposed to establish around 100 such labs
 all
        over the country.
 
      - The Company proposed to enter into the opthalmic industry by 
        investing in the equity capital of Sola Photophone Optical
 Pvt.
        Ltd., a new company established in July, for the manufacture
 of
        hard resin optical lenses.  In this connection, the Company
        proposed to collaborate with Sola Organization, a part of the
        Pilkington Group, U.K.
 
      - During April-May, the company offered 5,00,000 - 13.5% fully
        convertible debentures of Rs.120 each for cash at par on
 rights
        basis in the prop. 1 debenture : 4 equity shares held (all
 were
        taken up).  
   
      - Another 62,225 debentures were allotted to retain over
        subscription.  In addition, the company offered 25,000 -
 13.5%
        convertible debentures of Rs.120 each for cash at par to the
        employees (including Indian working directors) of the company
 and
        associate company (only 7,775 debentures were taken up).  The
        unsubscribed portion was allowed to lapse.
 
 1988 - Rs.60 of the face value of each debenture was converted into 2
 
        equity shares of Rs.10 each at a prem. of Rs.20 per share on 
        the expiry of 6 months from the date of allotment ie., on 1st
        February.
 
      - The remaining Rs.60 of the face value of each debenture was
 also
        converted into 2 equity shares of Rs.10 each at a prem. of
 Rs.20
        per share on 31st December.
 
      - 22,80,000 shares allotted (prem. Rs.20 per share) in
 conversion
        of 13.5% debs.
 
 1989 - The Company commenced export of In-a-snap system to Polaroid
        Corporation for distribution in overseas markets.
 
      - Photophone's `Konica Square' grew to 30 labs.
 
      - The Company received a COB licence for conversion of colour
 film
        at its Goa plant.  
 
 1990 - The Company launched Polaroid Studio Express, a new concept
 in
        documentary photography.
 
      - A Memorandum of Understanding was signed with Konica
 Corporation,
        Japan for the implementation of conversion of colour film
        project.
 
 1991 - A new product Hot Shot Macro was launched and in the area of 
        instant photography, a unique glass coated plastic scratch
        resistant lens was developed by Polaroid Corporation to help
        achieve extremely good resolution without any increase in
 cost.
 
      - The Company decided to defer the project in view of the 
        restriction on foreign exchange that made in different to
 finance
        the import of equipment for the Konica Film project.
 
      - The Company made an application to the Govt. for setting up a
 EOU
        to respond better to the needs of the international market.
 
 1992 - The Company offer 42,80,000 No. of equity shares of Rs.10 each
 at 
        a prem. not exceeding Rs.5 per share on Rights basis in the 
        prop. 1:1.
 
      - Another 2,14,000 shares of Rs.10 each at a prem. not
 exceeding
        Rs.5 per share were to be offered to the employees of the
 company
        on an equitable basis.
 
 1993 - 52,10,500 No. of equity shares allotted (Rights basis & to
        Polaroid Corporation U.S.A).
 
 1995 - Konica VX series of photographic films were successfully 
        launched.
 
 1996 - During the last quarter of the year, the company launched 
        Country Club nuts in select markets which was well accepted
 in
        the market.  
 
      - Several new products including the Galaxy series of overhead 
        projectors and LCD panels under the brand name `Phil Systems'
        were introduced.
 
      - The Company undertook to expand its activities by the 
        establishment of additional manufacturing lines.  The main 
        projects in hand are (i) establishment of backward integration
 of
        conversion facilities for photographic paper, paper board,
 cloth
        and film with product-base from Mitsubishi Corporation of
 Japan,
        (ii) manufacture of large screen video projectors with
        product-base from Borco Electronic, Belgium and (iii)
 manufacture
        of photographic chemicals and printing and packing material
        through indigenous technology.  It was also proposed to
 expand
        the production capacity of cameras to 2,50,000 nos. per
 annum.
 
 2003 - Shri Ramapati Singhania has resigned as a Director of the
 Company. Shri J F Alapatt has been nominated by IDBI as a Nominee
 Director on the Board with effect from September 03, 2003. At the
 said meeting Shri A. V. Gaikwad has been appointed as the Executive
 Director of the Company subject to the approval of the Central
 Government/Shareholders at the General Meeting as may be applicable.
 Shri A. V. Gaikwad will also continue to be the Company Secretary and
 Compliance Officer of the Company.
 
 2008
 
 -PHIL Corporation Ltd has designated E-mail ID for Investors
 Complaints -agaikwadphil@gmail.com
 
 2012
 
 -Mr. B. S. Sridhara has been appointed as the Managing Director of
 the Company
 
 2015
 - Company has changed its name from 'Phil Corporation Ltd.' to 'Kore
 Foods Ltd.'
 
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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