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Associated Alcohol and Breweries > Company History > Breweries & Distilleries > Company History of Associated Alcohol and Breweries - BSE: 507526, NSE: ASOCALCHOL
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Associated Alcohol and Breweries
BSE: 507526|NSE: ASOCALCHOL|ISIN: INE073G01016|SECTOR: Breweries & Distilleries
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Company History - Associated Alcohol and Breweries
1989 - The company was incorporated on 7th July as a public limited
        company at Calcutta and obtained the Certificate for
        Commencement of Business on 31st August.
 
 1990 - The company took over M/s. Associated Distilleries, a
        partnership firm from April.  The company was promoted
        by B. P. Kedia and Anand Kumar Kedia.
 
      - The Company was engaged in the manufacture of potable alcohol
        with an installed capacity of 270 LLPA (Lakh Proof litres per
        annum) at Madhya Pradesh.  Presently manufacturing all kinds
 of
        potable liquor and blended liquor.  The company is also the
        leading supplier of country liquor to the Government of
 Madhya
        Pradesh.  The company manufactures and sells Rectified spirit
 and
        Extra Neutral Alcohol in loose form to other manufacturers in
 the
        country.  The company proposed to increase the production of
 ENA
        and IMFL to 86.4 LLPA and 9.5 lakh cases respectively.
 
 1993 - 3277400 shares were held by promoters.
 
 1994 - 32,62,200 shares issued through prospectus.
 
      - The company offered 32,57,500 equity shares of Rs. 10 each at
 a
        premium in December as stated below.  Of which 9,27,500
 equity
        shares (prem. Rs 20 per share) were offered to the promoters
 (All
        were taken up) 43,500 equity shares (prem. Rs 30) were offered
 to
        GIC Asset Management Co. Ltd. (All were taken up) 43,500
 shares
        (prem. Rs 30) were offered to ICICI Asset Management Co. Ltd.
        (All were taken up) 5,59,200 equity shares (prem. Rs 30) were
        offered to NRIs, Overseas Corporate Bodies (only 4,03,200
        promoters).  50,000 shares (prem. Rs 20) were offered to the
        employees.  (All were taken up) 16,33,800 equity shares
 (prem.
        Rs 20) were offered to public.  (All were taken up. 
 Additional
        4,700 shares allotted).
 
      - The turnover amounted to Rs 36.76 crores as against Rs 19.27
        crores in the previous year despite disturbances in
 production
        necessitated due to expansion cum modernisation programme
        undertaken.
 
 1995 - The turnover amounted to Rs 34.92 crores.  Profitability was
        affected due to reduction in sale price of products and
 increase
        in input cost.
 
      - The company undertook modernisation of Distillery unit by
        installation of 50,000 LPD distillation plant alongwith
 utilities
        and Effluent Treament Plant.
 
 1996 - The installation of 50,000 LPD distillation plant was
        completed.
 
 1996 - The turnover, increased to Rs 39.85 crore.  The overall
        peformance of the company was affected due to higher finance
 cost
        and additional burden of taxation despite reduction in
 production
        cost and other overheads.
 
 1997 - The turnover rose to Rs 42.79 crores.  Performance of the
 company
        was satisfactory.  Exports were affected due to adverse
        international market conditions.
 
      - The company undertook set up an integrated distillery Complex
 in
        Rajasthan at an estimated cost of Rs 2012 lakhs.
 
 
 2007
 
 -E-mail ID for Investor Complaints:gen@associatedalcohols.com.
 
Source : Dion Global Solutions Limited
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