Usha International Ltd.

YEAR                                                      EVENTS
 1954 - The Company was incorporated on 3rd April, under the name and
        style of Agents and Distributors Ltd.  The main object of the
        company is to manufacture Trading.
 
 1956 - The world `private' was added to its name by the Assistant
        Registrar of Companies, West Bengal on 9th June.
 
 1961 - The name of the Company was further changed to Usha Sales
 Pvt.
        Ltd. vide fresh Certificate of Incorporation dated 13th
 November,
        issued by the Registrar of Companies at New Delhi.
 
 1975 - The word `private' was deleted from the name of the company
 on
        9th April, pursuant to provisions of Section 43A of the Act.
 
 1982 - With effect from 15th September, the name has been changed to
        Usha International Ltd.
  
      - The Company is one of the largest consumer durable marketing
        company in India.  The range of merchandise presently
 includes
        sewing machines, electric fans, diesel engines, pistons, pins
 and
        rings, fuel injection equipment, knitting machines, hand
 tools,
        valves, marine products, marble and granite, brass ware, etc. 
 
        The Company also exports its merchandise to a number of
        coutnries. It belongs to the Shriram Group of Enterprises.
 
 1983 - Till date 3,38,000 No. of equity shares were issued as bonus
        shares (30,000 shares in 1969-70 in prop. 1:5; 64,000 shares
 in
        1980-81 in prop. 16:45 and 2,44,000 shares in 1984-85 in
 prop.
        1:1).
 
 1984 - 4,50,000 No. of equity shares of Rs. 10 each issued at a
 premium
        of Rs. 10 per share of which 74,800 shares were reserved and
        allotted to directors, their friends, etc. and business
        associates.  
 
      - The balance 3,75,200 shares were offered for public
 subscription
        during August 1985 out of which 18,750 shares to employees of
 the
        Company and 7,500 shares to business associates of the
 Company
        were reserved for preferential allotment, the unsubscribed
        portion, if any, being added to the public offer.
 
 1985 - The objects of the public issue of capital during August were
 (i)
        to augment the long term resources of the Company, (ii) to
 get
        the shares of the Company listed on a stock exchange.
 
 1986 - Sales of main product lines and most of the products handled
 by
        the Company increased.
 
      - The Company had expanded its product range from dominantly
 fans,
        sewing machines etc. to auto industry products and consumer
        durables viz., knitting machines, heat, converters,
        mixer-grinders, electric irons, furniture etc.
 
 1989 - Efforts were also underway to increase exports of the
 company's
        products to other developing and developed countries like the
        U.K. and U.S.A.
 
      - 60,000 - 11% Pref. C shares redeemed.
 
 1990 - Sales of sewing machines, diesel engines and knitting
 machines
        were lower due to reduced availability, while sales of all
 other
        products increased.
 
      - As the Company's branches at Singapore and Malaysia were
        incurring losses due to stiff competition and increasing
 costs,
        it was decided to close down these branches.
 
 1997 - Usha International Ltd (UIL), part of the Shriram group, is
        launching a new range of international zig-zag sewing
 machines
        from Janome of Japan.  UIL has an exclusive technical and
        marketing agreement with Janome and the new models are to be
        imported initially from Japan.  
 
      - UIL launched a fully computerised industrial knitting machine
 -
        Usha Passap E8000, targeted for the medium scale woollen
 garments
        manufacturers.
 
      - Usha International has a marketing agreement with Madag Ltd
 of
        Switzerland, one of the world's largest knitting machine
        manufacturers.  The company has an exclusive distribution
        agreement for this medicine in India, Bhutan, Nepal and
 Sikkim.
       
      - UIL, and SIEL associate company, is one of the largest
 consumer
        durables and sewing machines manufacturers in India.
 
      - The company launched a series of mix and match fans where
        the motor can be matched with the blade design of the
        customer's choice.  In addition, light weight hi-tech fans
 made
        of ABS plastics and newer models of the super deluxe mini
 mono
        block pumps were launched.
  
      - The company proposes to issue 40,000 shares to the promoters
 at
        an unspecified price.  On the present equity base of Rs.1.88
        crore, this will amount to raising the capital by 21 per cent.
 
 
      - The company entered into a marketing agreement with Siel
 Aircon.
        
 1998 - Usha International Ltd has entered into an agreement with
        Shriram Honda Power Equipment Ltd to market the latter's
        general purpose engines and portable pumpsets in the country.
 
 
      - Usha has launched a new water purifier which is also aimed at
        boosting the bottom lines. 
 
      - Usha International recently introduced a table-top water
 purifier       
        in a tieup with Brita of Germany.
 
      - Usha International Ltd, a Sidharth Shriram group company, is
        launching a slew of new models across its existing product
 lines.
 
      - The Company has launched Brita Water Guard which have very
 good
        potential.
 
 1999 - The Company issued 4,00,000 No. of Equity Shares of Rs. 10
 each,
        which were allotted to promoter companies at a premium of Rs.
        131/- per share, have been fully paid up and have also been
        listed on the Delhi Stock Exchange.
 
 2000 - The Company has launched new products in various product
              categories like fans, sewing machines, home appliances
 and
              agricultural products in Karnataka.
 
            - Usha International Ltd. has entered into a tie-up with
 Honda Siel
              Power Products Ltd (HSPPL) to market light-weight
 kerosene
              pumpsets.
 
           - The marketing arm of the Usha Group of Companies, is
 introducing
              e-commerce.  The Company was the only company in the
 country
              which had an ISO certification for marketing.
 
            - Usha International Ltd. has launched new models of the
 Windsor
               fan.
 
            - The Company has launched a new ad campaign as part of
 its
               image-building exercise.
 
            - Usha International Ltd, a Siddharth Shriram Group
 Company, has
               launched Sterling, chrome plated series of table, wall
 and
               pedestal fans. 
 
            - Usha International Ltd. has launched Sterling, the
 chrome plated
              series of table, wall and pedestal fans.
 
           - Usha International has launched a new range of fans
 called the
             Mist Air Series.
 
           - Usha International has entered into a tie-up with Davey
 Products
             Ltd. of Melbourne, Australia, to exclusively market the
 full
             range of Davey pumps in India under the brand name `Usha
 Davey'.
 
          - Usha International Ltd. has launched a new international
 range of Lexus
            steam/dry/spray irons.
 
          - The Company has launched a new range of water heaters
 called Spectrum.
 
 2001 - Usha International has launched Lexus Quartz Fan Heater cum
 Humidifier.
 
           - Usha International has launched Oasis, a single blower
 tall body portable room cooler.
 
           - Usha International Ltd. has entered into a tie-up with
 Hunter Fan Company of the US
             to market the Hunter series of premium and decorative
 ceiling fans.
 2006
 
 -Usha join hands with Menon Pistons