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bata info1

bata info1

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Company Facts - Bata India
Registered Address
6A, S N Banerjee Road,KolkataWest Bengal700013
Tel:
033-39829412 033-39829425
Fax:
033-22895748 033-22895859
Email:
Website:
Group:
Registrars
R & D Infotech Pvt.Ltd. No. 22/4,Nakulaswar Bhattacharjee Lane,
Tel:
24631657, 24631658
Fax:
 
Email:
Website:
Company History - Bata India
1931- Bata India Limited the Company was incorporated at Calcutta.The Company Manufacture and market of all types of footwear,footwear components, leather and products allied to footweartrade. - Bata was originally promoted as Bata Shoe Co Pvt Ltd by LeaderAG, Switzerland, a member of the Toronto-based multinational,Bata Shoe Organisation (BSO). It became a public limitedcompany in 1973 and the name was changed to Bata India Ltd. 1937- Tanning was introduced at the new factory at Batanagar, alongwith the introduction of leather products towards the end of theyear. 1942 - In addition to the footwear manufacturing plant, a machinerydepartment was set up which produced the first Indian-made majorshoe machine. A leather footwear factory was established atPatna, Bihar, which is known today as Bataganj.
 
 1952- In Mokamehgat, a tannery was established and a hide purchasingcentre was also set up there. Another factory was constructedat Faridabad. 1973- With the public issue of capital in June, Leader A.G. St.Moritz, Switzerland offered for sale 5,00,000 shares out oftheir holdings at a premium of Rs 20 per share (2,00,000 shareseach to LIC and UTI and 1,00,000 shares to the public). 1977- Leader A.G. St. Moritz, Switzerland offered for sale 8,00,000shares at a premium of Rs 8 per share to resident Indiannationals thereby reducing their holdings to 12,00,000 shares or40% of the issue capital. - Another 47,14,000 No. of equity shares of Rs 10 each at apremium of Rs 25 per share were issued to Bata (BN) B.V.,Amsterdam, a wholly owned subsidiary of Leader A.G. St. Moritz,Switzerland, in order to raise their holding in the Company from40% to 51%. 1979 - 7,50,000 bonus shares issued in prop. 1:4. 1984- 15,00,000 bonus shares issued in prop. 2:5 in April. 1987- The Company privately placed with financial institutions (UTI,LIC, GIC & its subsidiary) 15% debentures worth Rs 5 crores.The Company also allotted debentures worth Rs 1.75 crores to theArmy Group Insurance Fund. - The Bata Shoe Organisation consists of 96 independently runcompanies in 90 countries throughout the world. - 52,50,000 bonus shares issued in prop. 1:1. 1988- Agreement was arrived at with Adidas of West Germany formanufacture and marketing of sports and special applicationfootwear, spots goods and sports wear in India and the productswere expected to be launched in December, 1989. - Marketing of `Star' clothings designed by MurjaniInternational, New York, U.S.A. and sourced through Inmark
 
Brands Pvt. Ltd., was launched. - A new brand of shoe, `Tigre' was introduced during the yearfor sales through wholesalers and independent retailers. 1989- The Company sucessfully launched `Adidas' collection ofhi-tech sports footwear. - As a result of the R&D activities, special leather board wasdeveloped as a substitute for insole leather. 1990 - A highly versatile sample 18-station bicolour injectionmoulding plant was installed in the Bangalore factory forproduction of `State-of-the-art' injection moulded shoes withsynthetic and textile uppers and specially developed PVCcompounds as soleing material. - Pursuant to a Scheme of Arrangement between the Company andBata Properties, Ltd. a wholly-owned subsidiary of the Company,certain properties constituting the real estate division of theCompany were transferred to BPL for better development andmanagement with effect from 1st July. 1991- A promotional brand `Tigre' was launched to keep the factoriesfull at all times and thereby reduce losses due to underrecovery of overheads. - The Company issued non-convertible debentures aggregating Rs3.50 crores to SBI Mutual Fund. These debentures are redeemablein three equal instalment at the end of 6th, 7th and 8th yearfrom the date of allotment. Negotiations were in progress forprivate placement of the remaining debentures. 1992- The workers at Batanagar factory went on strike from 3rdJanuary, to 23rd May, which resulted in a substantial loss ofproduction during the initial 6 months of the year. - The Company undertook to set up a green field export orientedunit at Hosur in Tamilnadu with the State-of-the-art technology. - Over the years, the Company with the collaboration of BataDevelopment, Ltd., London, U.K., and its association with Bata,Ltd., Toronto, has been building up its own well-equipped andup-to-date R&D organisation. 1993- The Company undertook to expand and modernise its existing

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