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Killick Nixon
BSE: 501316|ISIN: INE982A01011|SECTOR: Paints/Varnishes
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Killick Nixon is not traded in the last 30 days
Killick Nixon is not listed on NSE
Company History - Killick Nixon
YEAR                       EVENTS
 1947 - The Company was Incorporated on 14th November, at Mumbai. 
 The
        Company manufacture construction equipment such as vibrators
        and prestressed equipment and furnaces; Agency and indent
        business and Trading.
 
 1948 - 79,993 shares issued to vendors at purchase consideration.
 
 1952 - 20,000 Rights shares offered (prem. of Rs 20 per share prop.
 14)
        Arrears: Rs 160
 
 1958 - 25,000 Rights shares offered (prem. of Rs 20 per share - prop.
 
        1:4).  38 shares were not taken up.  6 No. of equity shares
        forfeited.  Arrears: Rs 275.
 
 1970 - Consequent upon the amalgamation of Killick Nixon & Co. Ltd.
 the
        name of the company was changed from Killick Industries Ltd.,
 to
        Killick Nixon Ltd., with effect from 5th August.
 
 1984 - 8 forfeited equity shares reissued at par. 38 No. of equity
        shares then issued at par.
 
 1985 - 1,00,000 Rights equity shares issued at par in prop. 4:5
 during
        November, 1986.
 
 1992 - The Company was allotted 149,998 Shares of Rs.10 each in each
 of
        its subsidiaries Matterhorn Investments Limited, Montblanc
        Investments Limited, Fircrest Investments Pvt. Limited and
        Galactica Investments Limited.  The Company was also allotted
        149,980 shares of Rs.10 each in Killick Air Couriers &
 Forwarders
        Limited.
 
 1995 - The Multipull Jack Pumps introduced during the previous year
 was
        well received in the market.
 
      - During the year, the Company had carried out three Turnkey
        Projects involving prestressing and Grouting successfully. 
 The
        Construction Equipment Division re-started marketing of
        ELASTOMETRIC Bridge bearing pads and supplied to various
 reputed
        contractors.
 
      - The Construction Equipment Division was in the process of
        introducing vacuum `De Watering System' for the concrete in
 the
        market.
 
      - The Furnace Division supplied the cremation furnace to Pune
        Municipal Corporation.  The Furnace Division submitted the
        proposal for the supply and installation of cremation
 furnaces
        to Kohapur, Jamshedpur and Guntur.
 
      - The Agency and Marketing Division added one more product
 `Marine
        Lights' Manufactured by M/s. Aqua Signal, Germany with whom
 the
        Company signed Sole Selling Agency Agreement for India.
 
      - The stationery division suffered during the first half of the
        year due to managerial problem.  The division was in the
 process
        of launching News Ink which was expected to contribute
        significantly to the turnover.
 
      - The Company signed a MOU with Marine Management Services
 Ltd.,
        Isle of Man for a joint venture to increase the crewing
 business
        of the division.
 
      - During 1995-1997, the Clearing and Forwarding Division
        concentrated mainly on private clients in order to increase
        revenue margin, and also diversify into other activities
 viz.,
        Commodity management agencies, warehousing contracts and tie
 up
        with overseas freight forwarders etc. which helped the
 division
        to achieve better results.
 
      - Killick Industrial Services Private Ltd., Killick Exports
 Ltd.,
        Killick Halco Ltd., Matterhorn Investments Ltd., Montblanc
        investments Ltd., Fircrest Investments Pvt. Ltd. Galactica
        Investments Ltd. International Borewells Ltd., Killick Impex
        Ltd., Killick Shipping Services Ltd. Killick Leasing Ltd., 
        Killick Financial Services Ltd., Killick Air Couriers and
        Forwarders Ltd., Air Survey Company of India (Pvt.) Ltd., 
        Killick Travel & Toures Ltd. are the subsidiaries of the
 Company.
 
      - 10,00,000 Shares issued at a premium of Rs 85 per share.
 
 1996 - The Construction Equipments Division was in the process of
        introducing various new products in the market i.e. Double
 Groove
        Ductiflex sheathing upto 0.5 mm Thick, Multipull Jack for 19
 K
        13 System, PTFE sliding Disc Bearings, Reciprocated type dual
        piston pumps, Earth Rammers and Concrete Breaker.
 
      - The Furnace Division installed and commissioned cremation
 furnace
        at Aurangabad.  The Municipal Corpn. and local bodies were
        compelled to put on hold orders for the purchase of cremation
        furnaces due to paucity of funds.
 
      - The Company has signed a Memorandum of Understanding (MOU)
 with
        Marine Management Services Ltd., Isle of Man for a Joint
 Venture.
 
      - During the year, 30 tonne Bollard Pull Tug Swatantra
 installed
        with propulsion equipment supplied by M/s. Schottel Werft,
        Germany.  A Crane Barge `Diamond of Vizag' equipped with
        Schottel Navigator Unit would be commissioned shortly.
 
 1997 - The performance of Agency and marketing Division was
 adversely
        affected due to lower unit price realisation on the orders
        executed on account of price competition from foreign and
        indigenous suppliers.
 
      - The performance of shipping division was adversely affected
 due
        to depressed freight levies.
 
 1998 - The Company entered into a Voluntary Retirement Scheme
 Agreement
        with the workers.
 
      - Killick Engineering Ltd. is setting up a new Engineering
 Project
        at Sinnar, Nasik.
 
 2000 - The Company has introduced Killicks Dewdrops, which
 reportedly
        extracts moisture from the atmosphere and generates pure,
 fresh
        and filtered drinking water.
 
 2002-Killick Nixon Ltd has informed that Mr R V Joshi has resigned as
 Company Secretary of the Company on August 30, 2002. In his place Mr K
 S Venkateswaran has been appointed as Company Secretary w e f
 September 11, 2002.
 
 2004
 
 -Killick Nixon Ltd has informed that Mr Prakash F Nagori, Managing
 Director has resigned as Director and Managing Director of the
 company wef January 14, 2004.
 
 2008
 
 - E-mail ID for Investors Complaints :knl-shipping@killicknixon.com.
 
Source : Dion Global Solutions Limited
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