SENSEX NIFTY
Hanung Toys and Textiles > Company History > Miscellaneous > Company History of Hanung Toys and Textiles - BSE: 532770, NSE: HANUNG
YOU ARE HERE > MONEYCONTROL > MARKETS > MISCELLANEOUS > COMPANY BACKGROUND - Hanung Toys and Textiles
Hanung Toys and Textiles
BSE: 532770|NSE: HANUNG|ISIN: INE648H01013|SECTOR: Miscellaneous
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Dec 19, 16:00
18.40
0.15 (0.82%)
VOLUME 5,532
LIVE
NSE
Dec 19, 15:43
18.15
-0.15 (-0.82%)
VOLUME 21,156
Company History - Hanung Toys and Textiles
The foundation of our business was laid with the formation of a
 Partnership Concern viz. Toy Park (India) by our Promoters in the
 year 1990 with the object of manufacturing and export of stuff toys.
 Subsequently, in the same year, the partnership concern entered into
 a Foreign Collaboration with Hanung Industrial Co. Limited, a South
 Korean company. Consequently, the name of the partnership concern was
 changed to Hanung Toys (India). The agreement was for providing the
 technology for the manufacturing of stuff toys and allied products.
 The same was effective for 5 years and after the expiry of this
 period the technical know-how became the property of the partnership
 concern for full and free use.
 
 Simultaneously, on October 10, 1990, our Company was incorporated
 under the name of Hanung Toys (India) Private Limited under the
 Companies Act, 1956, with the Registration number 55-41722 having its
 registered office at 35, Govind Mohalla, Haiderpur, Delhi - 110 042.
 In 1993, our Company took over the business of Hanung Toys (India) as
 a going concern vide an Agreement of Takeover dated November 1, 1993
 and carried on the business of the firm namely manufacturing of soft
 and stuff toys having the capacity of manufacturing 12 lakh pieces
 p.a. Consequently, the partnership concern was dissolved.
 
 Subsequently, our Company was converted into a public limited company
 w.e.f. May 23, 1996 and pursuant to this, the name of our Company was
 changed to Hanung Toys (India) Limited.
 
 In the year 1997, we have increased our capacity to 110 lakh pieces
 p.a. which was financed through equity participation by our Promoters
 amounting to Rs. 45.00 lakh and Magnus Capital Corporation Limited, a
 body corporate registered in Mauritius to the tune of Rs. 99.90 lakh
 and also term loans from Financial Institutions/ Banks viz. PICUP and
 NSIC to the tune of Rs. 61.00 lakh and Rs. 43.97 lakh, respectively.
 
 In 2005, we have entered into an agreement with The Walt Disney
 Company (India) Private Limited wherein we have been licenced to use
 some of the Disney Characters and Trademarks enabling us to increase
 the variety in our stuff toys range.
 
 Also, as a part of our business integration strategy, we have
 acquired the business of two of the Promoter Group Companies viz.
 Hanung Furnishings Private Limited engaged in the business of
 manufacturing and marketing of home furnishings and Hanung Processors
 Private Limited engaged in the business of textile processing through
 a Slump Sale Arrangement w.e.f. from midnight October 29, 2005.
 Consequently, we have also changed the name of our Company to Hanung
 Toys and Textiles Limited w.e.f. January 9, 2006
 
 In 2006, we have also entered into an agreement with Percept Picture
 Company Private Limited pursuant to which we have been granted
 certain pre-approved manufacturing and selling rights in respect of
 characters used in the animated motion picture Hanuman
 
 In 2006, we also entered into two more agreements with The Walt
 Disney Company (India) Private Limited wherein we have been licenced
 to use some of the Disney Characters and Trademarks in relation to
 our home furnishing products.
 
 MAJOR EVENTS
 
 
 1990-91:         Incorporation of our Company as Hanung Toys (India)
 Private Limited on October 10, 1990 under the
                        Companies Act, 1956
 
 1993-94:        Takeover of business from Hanung Toys (India) on a
 going concern basis vide an agreement dated November
                       1, 1993
 
 1994-95:        Sales touched the level of approximately RS. 500
 lakh
 
 1996-1997 :    Investment by Magnus Capital Corporation Limited
 
                        Expansion of capacity to 110 lakh pieces p.a.
 
                        Conversion of Company into a Public Limited
 Company as Hanung Toys (India) Limited w.e.f. May 23,
                        1996
 
                       Sales crossed  Rs. 1,000 lakh
 
 1999-2000 :   Sales reached the level of around RS. 3,000 lakh
 
 2001-2002 :   Sales Crossed Rs. 5,000 lakh
 
 2004-2005 :   Sales reached the level of Rs. 8,000 lakh
 
 2005-2006  :  Total  income reached the level of Rs. 15000 lakh
                       Qualified under European Standard on Safety of
 Toys EN-71 part 3: 1994 and amendment A1 : 2000
                       on May 17, 2005
   
                       Qualified under ASTM Standard Consumer Safety
 Specification for Toys on May 26, 2005
                       Qualified under Furniture and Furnishings
 (Fire) (Safety) Regulations, 1998-Amended 1989 and 1983
                       based on BS-5852 dated October 10, 2005
 
                       Agreements with The Walt Disney Company (India)
 Private Limited for using certain Disney
                       Characters and Trademarks
 
                       Acquisition of the business of two of our
 Promoter Group Companies viz. Hanung Furnishings Private
                       Limited and Hanung Processors Private Limited
 through a Slump Sale Arrangement
   
                      Exit of Magnus Capital Corporation Limited
 through sale of its shareholding in our Company to a
                      Promoter Group Company Abhinav International
 Private Limited
   
                      Change of name to Hanung Toys and Textiles
 Limited w.e.f. January 9, 2006
  
                      Awarded Quality Certification of ISO 9001: 2000
 by TUV GmbH, Germany
   
                      Agreement with Percept Picture Company Private
 Limited for using all the characters used in the animation
                      motion picture Hanuman
   
                      Investment by Bennett, Coleman and Co. Limited
 of 5,00,000 Equity Shares at a price of Rs. 150/- per
                      share
 
 2006
 
 -Company has changed its name from Hanung Toys (India) Ltd. to Hanung
 Toys & Textiles Ltd.                                                
                                                   
 2007
 
 - Hanung Toys & Textiles secures Export Order for US $ 65 Million
 
 -Hanung Toys & Textiles Ltd has signed export order tie-up with IKEA
 Sweden, for exporting soft toys / kids furnishing to the extent of
 EURO (€) 108 million (Rs 600 Crores).
 
 2009
 
 - Hanung Toys & Textiles Ltd has informed that the Board of Directors
 of the Company at its meeting held on February 17, 2009, has appointed
 Mr. Chander Sekher Batra, Chartered Accountant as an Additional
 Director on the Board of the Company.
 
 2010
 
 - Hanung Toys - Export Order Tie-up with a Leading US Buyer.
 
 - The Board has recommended a dividend of Rs. 2.00 per equity share
 of Rs. 10/- each (20%).
 
 2011
 
 - The Company has acquired a controlling stake in M/s Cody Direct
 Corp., a company incorporated under the US laws.
 
 - Mr. Sanjeev Pandiya has been appointed as Chief Executive Officer
 of the Company.
 
 - The Board has recommended a dividend of Rs 2.00 per equity share of
 Rs. 10/- each.
 
 2012
 
 - The Board has considered and approved recommendation of equity
 dividend of 20% i.e. 2/- per share.
Source : Dion Global Solutions Limited
Quick Links for Hanung Toys and Textiles
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.