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Moser Baer (India)
BSE: 517140|NSE: MOSERBAER|ISIN: INE739A01015|SECTOR: Computers - Hardware
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Company History - Moser Baer (India)
1983
 
 - The company was incorporated as a private limited company on 21st
 March.  It was converted into a public limited company on 6th
 September
 1986.  It was promoted by Deepak Puri & his wife Nita Puri. 
 
 - The main objective of the company is to manufacture time
 recorders/clock, aluminium tube, aluminium alloy wire, diskettes and
 equipments viz. machines for clearing insects, punching tools for
 insects, shrink wrap machines etc.
 
 - The Company undertook to set up a 100% EOU for the manufacture of
 Micro Floppy Disketts (MFDS) of 1 MB & 2 MB storage capacity with an
 installed capacity of 12 million nos. per annum at NEPZ.  It was
 also
 proposed to set up computer peripheral division for the manufacture
 of
 5.25 head clearing kits, fax clearing sets, antiglare screens,
 computer
 printers, etc.
 
 - The Company entered into a technical know-how Q V M machinery
 supply
 agreement with M/s. Maq Media Ltd., USA, a subsidiary of Polaroid
 Corporation, USA who could provide product design/specification,
 plant
 lay out, raw material specification etc.  
 
 1993
 
 - 14,10,000 shares issued, subscribed & paid up.  9,87,000 Rights
 equity shares issued in prop. 7:10 in December 1991.
 
 1994
 
 - 23,97,000 Rights equity shares issued in prop. 1:1 only 23,45,677
 shares taken up.  The company issued through a prospectus 94,63,000
 No.
 of equity shares of Rs. 10 each of which 14,00,000 shares &
 30,60,000
 shares were issued on a firm basis to promoters, directors, relatives
 &
 NRI associates respectively.
 
 - Of the remaining the following were issued on preferential basis:
 
 - (i) 30,000 shares to employees (only 4,300 shares taken up);
 
 - (ii) 10,00,600 shares to Mutual Fund (only 7,00,000 shares taken
 up);
 
 - (iii) 5,00,300 shares to Industrial Financial Institutions (only
 5,00,000 shares taken up);
 
 - (iv) 10,00,000 shares to NRIs (only 3,57,500 shares taken up).
 
 - Balance 24,71,500 shares along with unsubscribed 9,69,700 shares
 in
 preferential and Rights basis issued to the Public.  Additional
 1,62,800 shares also issued to the public.
 
 1996
 
 - The Company embarked upon a expansion programme by which
 manufacturing capacity of micro floppy diskettes was enhanced to
 93.6
 million units per annum.
 
 1997
 
 - The Company has decided to set up an expansion project of Rs. 200
 crores to produce recordable and erasable compact disks (CD) and
 digital versatile disks (DVD).
 
 - The company entered into a comprehensive agreement with 3
 organization viz. Mag Media Ltd., IMTC & RES GmbH, Germany for
 supply
 of entire production based on installed capacity of 12 million nos.
 of
 3.5 MFD of 1BM & 2MB capacity.
 
 - 988,459 No. of equity shares of Rs. 10 each at a premium of Rs.
 12.01 per share allotted to IFC, Washington on preferential basis.
 
 - Moser-Baer India Ltd. (MBIL), the world's third largest diskette
 manufacturer, is setting up a plant to manufacture recordable
 compact
 discs and digital versatile discs in the country.
 
 - MBIL is the third largest diskette manufacturer in the world with
 a
 capacity of 100 million units per annum and has a worldwide market
 share of two per cent.
 
 - The company had embarked upon an expansion and vertical
 integration
 programme to meet the enhanced demand for its products in the
 international and domestic markets.
 
 - MBIL as part of the backward integration of CD project will set-up
 a
 chemical dye mixing lab which will be utilised for manufacturing the
 organic dye mixture used in decomposition layers of the CD-R.
 
 1998
 
 - Moser Baer India, which has bases in three key bases at Noida, New
 Delhi and Calcutta, has floated subsidiaries in Germany and the US
 recently to market its branded products.
 
 - The company has also diversified into manufacture and export of
 herbal medicines and cosmetics.
 
 - 26,66,667 No. of equity shares allotted against warrants to
 promoters.  Another 21,74,610 No. of equity shares allotted against
 warrants to institutional and finance companies.
 
 1999
 
 - Moser Baer Ltd, the information technology hardware company, is
 setting up a facility to manufacture recordable and erasable compact
 disks and digital video disks in Noida.
 
 - The company also has a soft agreement with its clients for the
 supply
 of CD-R.
 
 - Moser Baer India Ltd (MBI), the largest floppy diskette maker in
 the
 country, is planning to set up a manufacturing and R&D facility in
 Europe as part of its efforts to become one among the five largest
 diskette makers in the world.
 
 - MBI is currently setting up a recordable compact disk (CD) and
 recordable digital versatile disk (DVD) manufacturing facility at
 Noida.
 
 - The company is setting up an optical media project in Delhi.
 
 2000
 
 - The Company manufacturer of data media devices, has entered into a
 R&D tie up with 4M Technologies, a world major in optical media
 research & development.
 
 - The Company has issue, offer and allot equity shares/FCDs on
 preferential basis of an aggregate amount not exceeding US 
 million.
 
 - The Company equity shares including shares arising out of
 conversion
 of FCDs shall not be issued at a price less than Rs.  400/- each.
 
 - The Company has entered into an agreement to take over Capco of of
 Luxembourg for NLG 12m.
 
 - The Company is all set to expand its marketshare in India and
 Europe.
 The Company acquires 3 major European CDR brands, Prostore being one
 of
 them.
 
 - The Company allotted 22,50,000 No. of equity shares of Rs 10 each
 at
 a premium of Rs 327 per share to each of Bloom Investments Ltd.
 Ealing
 Investments Ltd and Randall Investments Ltd. and 19,58,457 No. of
 equity shares to International Finance Corporation.
 
 - Moser Baer India Ltd. entering the audio media market through a
 tie-up with Emtec Magnetics GmbH of Germany.
 
 - The Company has allotted 4,16,666 No. of equity shares of Rs. 10
 each
 at a premium of Rs. 330 per share and 5,33,334 warrants to each of
 Bloom Investment Ltd. Ealing Investments Ltd and Randall Investments
 Ltd.
 
 - Moser Baer India, a Delhi-based company engaged in manufacture of
 optical media storage products, has tied up with Tips Industries, to
 market BASF range of audio and video cassettes.
 
 - 1,249,998 fully paid-up Equity Shares of Rs. 10/- each at a
 premium
 of Rs. 330/- per share and 1,600,002 convertible Warrants (Rs. 34/-
 paid up per Warrant) were allotted on 24.8.2000 to Bloom Investments
 Ltd.,Ealing Investments Ltd. and Randall Investments Ltd.
 
 - The Company had set up a US subsidiary to help it enter the
 world's
 largest market for removable computer storage media.
 
 - Moser Baer India has announced that it has secured long-term
 export
 credit of euro 97 million (equivalent to $ 84 million) from a
 syndicate
 of European investment banks led by the Munich-based Bayerische
 Hypo-und VereinsBank AG, the third largest bank in Europe.
 
 2002
 
 -Mr.Robert O'Donnell, a Director of the Board resigned from the
 Board
 of Directors.
 
 -Moser Baer has converted 533334 warrants of face value of Rs.340
 each
 into equity shares.
 
 -Moser Baer India Ltd's Rs.150cr short-term debt programme has been
 assigned as 'P1+' rating  by credit rating  information services of
 India Ltd.
 
 -Mr.Deepak Puri, MD of MBIL has been chosed as the Chairman of 
 Electronics and Computer Software Export Promotion Council(ESC).
 
 2003
 
 -Moser Baer India Ltd has informed BSE that Electra Partner Mauritius
 Ltd
 has appointed Mr.John Levack as its Nominee Director on the Board of
 the
 Company.
 
 -Towards the expansion programme, Moser Baer is all set to spread
 its
 wings in the US market with the purchase of its CD-Recordables from
 Imaton Corp.
 
 -MBIL signed long-term outsourcing deal and formed a joint venture
 with
 Imation Corp.
 
 -Moser Baer announced the launch of 'moserbaer' brand of optical
 media
 to broaden the availability of its products to users of CD's and
 DVD's.
 
 -The European Commission has proposed the imposition of a 7.3%
 countervailing duty on the value of imports of CD-R's.
 
 -Corporate office of Moser Baer Ltd has been shifted to 43-A, Okhla
 Industrial
 Estate-III, New Delhi-110020.  And the contact Nos. are Phone:
 51635201-07,
 26911570-74, Fax Nos:  51635211-13,26911860.
 
 -Bonus Shares to be issued by the company in the ratio of 1:1.
 
 2004
 
 -Board approves Increase in FIIs holding to 74% from 40%
 
 -FIIs acquire 16-pc stake in Moser Baer
 
 -Moser Baer enters into an agreement with Hewlett-Packard for launch
 of Lightscribe optical media
 
 -Moser Baer mop up 9 m via GDRs
 
 2006
 
 -Moser Baer Launches USB Flash drives
 -Moser Baer forays into entertainment space, enters Home Video
 market
 
 2007
 
 -Moser Baer India Ltd on March 15, 2007, has announced its national
 Launch in the Home video market with 101 popular Hindi titles at
 attractive price points of just Rs 28 for VCDs and Rs 34 for DVDs.
 
 -The Company has issued Bonus Shares in the Ratio of 1:2.
Source : Dion Global Solutions Limited
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