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Mohan Meakin > Company History > Breweries & Distilleries > Company History of Mohan Meakin - BSE: 590039, NSE: N.A
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Mohan Meakin

BSE: 590039|ISIN: INE136D01018|SECTOR: Breweries & Distilleries
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Company History - Mohan Meakin
YEAR                      EVENTS
 1934 - The Company was Incorporated at Simla Hills.
 
      - The Company was formed to take over the business in India of
 Dyer 
        Meakin & Co. Ltd. which went into voluntary liquidation in
        September.
 
      - The Company's object is to manufacture beers, I.M.F. spirits,
        abrasive products, yeast, malt extract, fruit juices,
        carbon-di-oxide gas etc.
 
      - Presently, the Company is engaged in the production of
 alcoholic
        products-whiskies, rums, brandies, vodka, gins and beers and
        non-alcoholic products - juice, vinegars, extracts, mineral
 and
        water and breakfast foods.  
 
      - The company exports alcoholic products, textile fabrics and
        made-ups, leather garments and consumer durables.
 
 1951 - 1,62,063 Bonus shares issued in the prop. 1:1.
 
 1957 - The Company took over the business of the National Sand Paper
        Mills (India) Ltd., at Ghaziabad which was engaged in the 
        manufacture of abrasive products.  Its Sword brand abrasives 
        were popular in the market.
 
 1958 - 81,040 Right shares issued at par in the prop. 1:4.
 
 1959 - 1,62,066 right shares issued at a prem. of Rs.2 in prop. 2:5.
 
 1962 - 5,67,232 bonus shares issued in the prop. 1:1.
 
 1965 - 81,033 bonus shares issued in prop. 1:14 upto 31.3.1996, in 
        August 1966, 12,15,497 bonus shares issued in prop. 1:1.
 
 1966 - With effect from 1st November, the name of the Company was 
        changed from Dyer Meaking Breweries Ltd., to Mohan Meakin
        Breweries Ltd.  The name was again changed to Mohan Meakin
 Ltd.,
        in 1980.
 
 1967 - Mysore Fruit Products Ltd., a Government of Karnataka
 undertaking
        became a subsidiary of the Company with effect from 24th
 March.
 
 1968 - In June, 24,30,994 bonus shares issued in prop. 1:1.
 
 1970 - In August, 36,46,491 bonus shares issued in prop. 3:4.
 
 1975 - The Company entered into a technical collaboration with Tashi
        Commercial Corporation for bottling of IMFL spirits in
 Bhutan.
        This plant was commissioned in November 1976.
 
      - The Company entered into technical and financial
 collaboration
        with Suva Co-operative Association Ltd., for setting up a 
        modern bottle manufacturing glass factory in Fiji.  A new
 company
        under the name Mohan Fiji Glass Manufacturing Ltd., was
        registered in Fiji for this purpose.
 
 1978 - Negotiations were in final stages with Zupack Gesellscahft
 MBH,
        Darmstadt, West Germany for setting up of a factory in India
 for
        the manufacture of packing machines and packaging materials. 
 
        This packaging system would ensure hygienic and pilfer proof 
        packaging would replace cans and bottles for filling of
 juices,
        dairy products, oils and lubricants etc.
 
      - Management of another distillery in Eastern Bhutan at 
        Samdrupjongkhar was taken over and production was started
 there.
 
      - A technical assistance agreement was entered into with Galot
        Industries Ltd., Nairobi, Kenya for setting up a distillery
 and
        glass bottle making factory in that country.  A new company
 under
        the name Mohan Meakin Kenya Ltd., was registered in Nairobi.
        Approval of the Indian Government was received to invest upto
 20%
        of the equity capital amounting to Rs.8 lakhs in the Kenya 
        company.
 
      - The Company entered into technical collaboration agreements
 with
        Artos Breweries Ltd., at Ramachandrapuram in Andhra Pradesh
 and
        M.P. Beer Products (P) Ltd., at Indore for the supply of
 know-how
        to those companies.
 
 1979 - An agreement was signed with the West Germany collaborator.  A
 
        new company was registered under the name Mohan Zupack Ltd.,
 and
        was registered in Delhi.
 
      - The Royal Government of Bhutan took over the production of 
        potable liquors throughout the country.  The Company was 
        providing technical and managerial know-how and marketing of
 the
        products.   A project report was also submitted to set up a
 beer
        manufacturing factory.
 
      - A plant for bottling Indian Made Foreign Liquors was added in
        M.P. Beer Products (P) Ltd.
 
 1982 - Activities in the liquor field in Bhutan were expanded with
 the
        addition of Samchi distillery.  A new brand of whisky under
 the
        name SPECIAL COURIER was introduced in Bhutan which was 
        reported to have compared with Scotch Whisky.
 
 1983 - Mohan Breweries and Distilleries Ltd., Chennai with whom the
        Company had a technical collaboration, obtained a licence for
 the
        manufacture of beer.
 
      - Mohan Breweries & Distilleries Ltd., also set up a plant for
        bottling IMFL production which was in progress.
 
      - The Company signed MOU with Macdonald & Muir Ltd. Edinburgh,
        Scotland (U.K) a Separate Joint Venture company was
 incorporated
        under the name and style of Macdonald Mohan Distillers Ltd.
 
      - The Company also entered into a Memorandum of Understanding
 with
        Marie Brizard & Rogers International for the purpose of
 bottling
        and marketing of various liquors.  Under the proprietary
 brand
        name of Marie Brizard.  For this purpose a separate joint
 venture
        company was floated and the company signed a MOU with
 Larsen's
        S.A. one of the worlds top five cognac and French Brandy
        Manufacturers, for the purpose of bottling, distribution and
        marketing of Larsen's cognac.
 
 1986 - Though turnover declined only marginally, margins declined 
        steeply due to an increase in fuel and power costs, steep rise
 in
        U.P. export pass fee, and high costs involved in promotional
        activities.
 
      - The glass containers unit of Mohan Meakin (Kenya) Ltd., was
        commissioned in May.
 
 1987 - A new company under the name of Mohan Hokke Ltd., was promoted
 by
        the Company with Japanese collaboration.
 
 1988 - As at 31st March, the Company held 91.9% of the equity
 capital
        (1,29,800 No. of equity shares of Rs.10 each) of this
 subsidiary.
 
      - The Company finalised arrangements to dispose of the entire
        shareholdings in the subsidiary company to Audikeshavulu and
 his
        nominees.
 
 1991 - Profitability, suffered due to the necessity of giving
 rebates
        and incentives but for which even the turnover would have 
        declined.
 
      - The Company issued 5,00,000 -14% secured non-convertible 
        debentures of Rs.100 each.  These are redeemable at a prem. of
 5%
        after the expiry of 7 years from 5th December.
 
 1994 - New products viz. Highland Queen and 5 year old scotch whisky
 was
        launched.
 
 1995 - The profits were also lower due to higher sales production
 and
        incentive schemes to combat the un-healthy market conditions.
 
      - Two popular brands namely Highland Queen and Grand Reserve
 Whisky
        were launched in the Indian Market.
    
      - The Company entered into a collaboration with Kerala State
 Small
        Industries Development & Employment Corporation Ltd.
 (SIDECO),
        for putting up a hand tools and fasteners complex at Athani
 in
        Trichur district of Kerala State. 
   
      - A new company under the name SIDECO MOHAN TOOLS KERALA LTD.,
 was
        to hold 49% of the capital and Sideco was to hold 51% SIDECO
        Mohan Tools Kerala Ltd., was to act as a mother unit for
 about
        40 guaranteed engineer enterpreneurs.  Work was going on as
 per
        schedule.
Source : Dion Global Solutions Limited
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