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Asahi Songwon Colors Ltd. Company History and Annual Growth Details

We were originally incorporated on December 19, 1990 as a private limited
company called Lucky Laminates Private Limited in State of Gujarat. In the
year 1995-96, the High Court of Gujarat at Ahmedabad vide its decision dated
28.02.1996 passed the scheme of amalgamation of Asahi Dyechem Pvt. Ltd.
with us. On April 19, 1996 we converted into public company and on the
same day we changed our name to Asahi Songwon Colors Limited.

MAJOR EVENTS

The chronology of key events since our Company was incorporated in 1990
is as follows:

Year Events

December, 1990 ASCL incorporated as Lucky Laminates Private Limited,
a private limited company
February, 1996 Amalgamation of Asahi Dyechem Pvt. Ltd. with Lucky
Laminates Pvt. Ltd.
February, 1996 Technology Collaboration Agreement and Buy-Back
Agreement with Clariant Songwon Color, South Korea for
CPC Green Crude
April, 1996 Name changed to Asahi Songwon Colors Ltd.
January 2000 Won the award of Outstanding export performance for the
year 1998-99 from Govt. of Gujarat
January, 2003 Establishment of new unit for the production of CPC Blue
at Dudhwada, Baroda Unit.
September, 2003 Technical Transfer Agreement and Supply Agreement with
Clariant Songwon Color, South Korea for CPC Blue Crude.
March, 2004 Receipt of Recognition of 100% Export Oreinted Undertaking
to Dudhwada Plant
December, 2004 Receipt of ISO 9001:2000 Certification of CPC Green at
Indrad Plant
March, 2005 Production of CPC Blue Crude started at Dudhwada, Baroda
Unit.
July, 2006 Receipt of ISO 14001:2004
 
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