Kodak India

1973
 
 - The Company was incorporated on 23rd August, 1973. The Company was
 incorporated for the purpose of acquiring the business and
 undertaking
 in India of Kodak, Ltd., U.K., a wholly-owned subsidiary of Eastman
 Kodak Company, U.S.A.  The Company is involved in Marketing and
 processing of imported Eastman colour films for the motion picture
 industry in India as well as for professional photographers.
 
 - Specialised products such as film and equipment for micrographics,
 industrial radiography, aerial photography and the graphic arts are
 also imported in addition to the KODAK films, both colour and black
 and
 white, for amateur and professional photographers.  The Company also
 mixes and packs photographic chemicals formulated to Kodak
 specifications and standards.
 
 1976
 
 - Pursuant to a Scheme of Arrangement and Amalgamation, the entire
 business and undertaking in India of Kodak, Ltd., U.K. became vested
 in
 the Company with effect from 1st November.
 
 - As consideration for the acquisition, the Company allotted to
 Kodak,
 Ltd., U.K. 1,97,493 No. of equity shares of Rs 10 each at par.
 
 1979
 
 - Under the Confidentiality Agreement dated 11th July, between the
 Company and Eastman Kodak Co., U.S.A. granted to the Company a
 royalty-free non-exclusive non-transferable licence to use in the
 Company's operations technology relating to photographic goods and
 services and confidential information received by the Company from
 the
 Indian branch of Kodak, Ltd. U.K.
 
 - On 11th July, the Company entered into a trade mark licence
 agreement
 with Eastman Kodak Co., U.S.A., under which the Company was granted
 a
 non-exclusive non-transferable licence to use trading style as Kodak
 affiliated company and certain trade marks of which Eastman Kodak
 Co.
 is or will be the registered proprietor in India.
 
 - 3,02,500 shares issued (prem. Rs 6 per share) of which 20,000
 shares
 to Indian directors, employees and business associates, 25,000
 shares
 to UTI and 12,500 shares to LIC were reserved and allotted.  The
 balance 2,32,500 shares offered to the public in September 1979.
 
 1983
 
 - 5,00,000 Bonus Equity shares issued in prop. 1:1.
 
 1984
 
 - The Company revalued its land and buildings on 31st December.  The
 net surplus of Rs 2,57,45,604 arising out of this was credited to
 capital reserves.
 
 1985
 
 - A letter of registration was received from the DGTD for the
 manufacture of 35 mm cameras.
 
 1988
 
 - A 35 mm cameras under the brand name KROMA was launched.
 
 - During September-October, the Company issued 3,02,500-14% secured
 convertible debentures of Rs 160 each for cash at par as rights in
 the
 proportion 1 debenture: 20 No. of equity shares (only 2,82,857
 debentures taken up).  The unsubscribed portion of 19,643 debentures
 was allotted on private placement basis.
 
 - The Company also issued 15,125 debentures of Rs 160 each to
 employees
 (including Indian working directors)/workers of the Company on an
 equitable basis (only 920 debentures taken up).  The balance 14,205
 debentures were allowed to lapse.
 
 - Rs 60 of the face value of each debenture was to be converted into
 two equity shares of Rs 10 each at a premium of Rs 20 per shares
 within
 6 months from the date of allotment of debentures.
 
 - The non-convertible portion of Rs 100 of the face value of each
 debenture was to be redeemed at par in 3 instalments at the end of
 6th,
 7th and 8th years from the date of allotment of debentures.
 
 - Accordingly 6,06,840 No. of equity shares were allotted at a
 premium
 of Rs 20 per share on 1st May, 1989.  Another 3,96,201 shares were
 allotted in May 1989 to Kodak Ltd. U.K. at a premium of Rs 20 per
 share
 to maintain its shareholding in the Company at 39.5%.
 
 1991
 
 - RBI gave its approval for the issue of 4,46,959 No. of equity
 shares
 of Rs 10 each at a premium of Rs 90 per share to Kodak Ltd., U.K.,
 to
 cover foreign exchange cost of the imported plant and machinery
 required for the project for finishing of various photographic
 products.
 
 1993
 
 - On 30th July, the Company entered into an agreement to sell its
 land
 and buildings at Prabhadevi, Worli, Mumbai for a sum of Rs 11.75
 crores, to appropriate authority, Income Tax department on 27th May,
 1994.
 
 - Another agreement was entered into to sell its property at Kodak
 House at 222 DN Road, Mumbai with Deutsche Bank AG for a total
 consideration of Rs 40 crores.
 
 1995
 
 - The Company became a subsidiary of Kodak Ltd. effective from 29th
 September, the name of the Company was changed from India
 Photographic
 Company Ltd., to Kodak India Ltd.
 
 1996
 
 - The Company issued on 10th May, 12,25,000 bonus equity shares in
 proportion 1:2.
 
 - On 1st June, the Company allotted 33,16,385 new equity shares of
 Rs
 10 each at a premium of Rs 194 per share to Kodak Ltd., U.K.  to
 increase the holding from 50.54% to 74%.
 
 1997
 
 - The Company's Consumer Imaging Business Unit launched Kodak Gold
 films with Colour Sharp Technology, Kodak KB 10 camera and Kodak
 Minilab System 52R/V-50 for film developing and printing, during the
 year.
 
 - The Company's Kodak Professional Business Unit launched Profoto
 100
 professional colour negative film.  The Professional Motion Imaging
 Business Unit launched Vision 500T and 320T colour negative films. 
 The
 Health Imaging Business Unit launched a new Medical Laser Printer
 (MLP
 190) for recording outputs from CT Scans and Magnetic Resonance
 Imaging
 units and Digital Archiving for Catheterisation Labs.
 
 - As at 31st December, 51,73,625 No. of equity shares of the Company
 were held by Kodak, Ltd., U.K.
 
 - India has been identified as among the top 15 markets for Kodak as
 far as consumer imaging is concerned and that means they will be
 introducing and reinforcing the company in all the three categories
 -
 manufacturing cameras, photographic films and services.
 
 - Kodak has three factories - at Bangalore, Malanpur and Goa.  The
 Goa
 factory has recently been commissioned for film and health imaging
 products.
 
 - Kodak India announced the launch the new Kodak Gold family of
 films
 with patented color sharp (TM) technology that delivers the best
 combination of colour saturation, colour accuracy and sharpness of
 any
 35 mm colour negative consumer film currently manufactured.
 
 1998
 
 - The company also received ISO 9002 certifications for its
 Bangalore
 and Goa plants.
 
 - Kodak Digital Science Scanner 3500 one of the scanner models being
 launched in India, was ideal for continuous scanning and can capture
 upto 5,000 documents a day with different speeds upto 75 pages per
 minute and also available in simplex and duplex models.
 
 - Kodak India Ltd has set up a new division - Business Imaging
 Systems
 - which will introduce a range of scanners and CD libraries for a
 variety of applications.
 
 - India, along with its parent company Eastman Kodak, is setting up
 a
 company in Nepal, called Nepal Photographic Co.
 
 1999
 
 - The company, on October 29, entered into an agreement with Kodak
 Polychrome Graphics India Pvt. Ltd (KPG) to sell and transfer the
 said
 graphic arts products business consisting of assets and liabilities
 of
 the business and intangible assets as a going concern to KPG with
 effect from November 1st.
 
 - The Company has commissioned a plant for manufacturing colour
 negative paper at Hetauda, Nepal in September.
 
 - In January 1998, Kodak set up a software product development
 centre
 in China.
 
 - Kodak India Limited is a subsidiary of Eastman Kodak, UK which
 holds
 74 per cent stake in the company.  The remaining rests with the
 public.
 
 - During the 1999-2000, the company launched Kodak Picture Perfect 
 Program, Visual Marketing Center and two new models of Kodak Large 
 Format inkjet. 
 
 2000
 
 - Kodak has launched the Kodak Visual Marketing Centers concept as
 part
 of its efforts to set good standards in digital display graphics and
 ensure standardised print quality across various applications.
 
 - Kodak India Ltd, has announced the launch of the large format
 4,000
 series of inkjet printers.
 
 - Kodak India Ltd, has launched a new 35 mm consumer color negative
 film - Kodak Max.
 
 - Eastman Kodak will relaunch its internet site, Kodak.com, in a bid
 to
 become the premier picture site on the Web and to draw consumers
 into
 its range of online and digital products.
 
 - R S Mani is the new Managing Director of Kodak India.
 
 - Kodak India Ltd. has launched the Kodak Picture Maker.
 
 - Kodak has introduced the Digital Science Tm Document Scanner 9520
 and
 Document Scanner 7520 in the high-volume segment.
 
 - Kodak has launched a sleek new camera KE60 which makes taking
 pictures easy and fund.
 
 2001
 
 - Consumer imaging major Kodak India Ltd. is all set to launch a
 digital minilab called -- system 88 -- on March 23.
 
 - Kodak's Document Imaging division has announced the launch of its
 new
 Kodak i50 Scanner in India.
 
 - In 2001, the company has launched new series of LED printers and
 large format inkjet printers for professional applications and
 launched
 the KB 12 plus camera for the consumer segment. The company has also
 installed the first computed radiography systems in Mumbai.
 
 2002
 
 -Kodak unveils alkaline and carbon-zinc batteries with low prices.
 
 -Kodak India Ltd launches its first Digital Imaging Centre in Pune.
 
 2003
 
 -Kodak Ltd informs that they have acquired shares of Kodak India
 Limited 
 through open offer and Market purchases.
 
 -Kodak India Ltd launches EC 100, a 35 mm camera for amateur
 beginners, 
 for user-friendly features.
 
 -Hutch tied up with Nokia and Kodak to launch the click and print MMS
 service.
 
 -Kodak India has announced the launch of a
 `photographer-on-call-programme' whereby consumers can link up
 directly with photographers accredited by Kodak by dialling a
 toll-free number
 
 2004
 
 -LG Electronics Inc has announced its tie up with Kodak India Ltd to
 provide prints on Kodak paper from images captured on LG RD 7230 CDMA
 video camera phones
 
 2005
 
 -Kodak unveils new EC300 camera