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    Metal Coatings ( History

    BSE:531810  |  IND:Steel - GP/GC Sheets  |  ISIN code:INE161E01014  |  SECT:Metals - Ferrous

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    The Company History page lists out the major events in chronological order for Metal Coatings (India) Ltd.

    Company History - Metal Coatings (India) Ltd.
    Metal Coatings (India) Ltd. (MCIL), was incorporated on

    12-12-94 under Companies Act, 1956 to take over the assets

    and liabilities of Metal Coatings (India), an existing,

    profit making partnership firm set up in 1988. MCIL took

    over operations of the firm on 5-3-95 by taking over all the

    assets & liabilities of the firm in consideration of fully

    paid 7,67,408 equity shares of Rs. 10 each amounting to

    Rs. 76,74,080 which was equivalent to the balances of the

    partners in capital account including profits apportioned as

    on 4th March, 1995 and all the partners in the erstwhile

    firm continued as directors in the company. The assets and

    liabilities of the erstwhile firm takenover by MCIL are as

    follows as per the audited Balance sheet as on 4th March,

    1995:-



    MCIL is engaged in the business of manufacture of Galvanised

    Steel Cable Tapes (GST) for Polyethylene Insulated Jelly

    Filled (PIJF) Cable industry. MCIL has an installed

    capacity of 3200 MT per annum of GST tapes at its existing

    site at Meola Maharajpur, Faridabad. The company has

    already increased its GST capacity to 7400 MT p.a. by adding

    galvanising line at existing site as part implementation of

    the scheme. It recorded a turnover of Rs. 958.93 lacs for

    the financial year 1994-95 against Rs. 662.15 lacs for

    financial year 1993-94, on an average paid up Capital of

    Rs. 59.20 lacs and Rs. 31.80 lacs respectively.



    The company has been promoted by Mr. R.C. Khandelwal,

    Mr. R.S. Khandelwal and Smt. V.P. Khandelwal.



    The company now envisages to enhance its capacity to 13200

    MT through an expansion-cum-backward integration scheme

    spread over the existing and new site at Plot No. 113, HSIDC

    Industrial Estate, Sector 59, Faridabad. In order to meet

    its requirement of CRCA strips, MCIL is installing a CR Mill

    of 13000 TPA, CR slitting unit of 12300 TPA and other

    balancing equipments. After the implementation of the

    project, the entire requirement of CRCA strips would be met

    from in-house.



    There are no disputes, labour problems, lockouts, other

    litigations (civil or criminal) against the company.



    2003 -Voluntary delisting of its shares from Delhi and Jaipur Stock Exchanges.



    2012



    - The Company has recommended a Dividend of 10 % .



    2013



    -The Registered office of the company has been shifted from A - 178/12A, Ground Floor, Dayanand Colony, Lajpat Nagar -IV, New Delhi - 110024 to 912, Hemkunt Chambers, 89 Nehru Place, New Delhi - 110019.









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