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Bombay Burmah Trading Corporation Ltd. Company History and Annual Growth Details

1863 - The Company was Incorporated on 4th September, at Mumbai, under
the name of the Burma Trading Co. Ltd.

- The Corporation's activities cover a wide range such as
plantations of tea, coffee, cardamon, cocoa, rubber and palm oil;
manufacture of starch from tapioca; manufacture of asbestos
cement and concrete products; extraction of timber and boat
building and repairs.

- The Corporation was originally formed as a public company to
engage in the growing Burma tea business by taking over the
assets and rights in Burma of William Wallace.

- 100 shares of Rs 2,500 each issued as fully paid-up to William
Wallace without payment in cash. These shares had a special
right to an extra or preferential dividend equal to 1/3 of the
surplus net profits after paying a dividend at the rate of 12%
on other shares. 40,000 shares issued for cash.

1864 - The name was changed to the Bombay Burmah Trading Corporation
Ltd., on the 30th April.

1918 - 84,000 No. of Equity shares issued for cash. Only Rs 50 per
share called up and paid-up.

1957 - 10,000 No. of Equity shares of Rs 125 each issued as fully paid
up to holders of shares of Rs 2,500 each in lieu of the special
rights attached to those shares.

1958 - AFCO became a wholly owned subsidiary of the Company.

- 21,400 Bonus Equity shares issued in the prop. 5:1 (Rs 2,500
paid-up) 1:4 (Rs 125 paid-up), 1:10 (Rs 50 paid-up).

1962 - The Corporation in association with Formica International Ltd.,
floated in India, Formica India Ltd., to undertake the
manufacture of laminated plastics. Formica India Ltd., became of
subsidiary of the Corporation, with 99% holding with effect from
17th November, 1975. This company was merged with Bombay Burmah
Trading Corporation with effect from 1st October, 1978.

1963 - On 4th June, 1963, fully paid-up shares subdivided into shares of
Rs 25 each. 84,000 partly paid-up shares divided into 4,20,000
shares of Rs 25 each, Rs. 10 paid-up. Then 3,67,000 Bonus shares
issued in the proportion 1:1 (Fully paid-up) and a sum of Rs 10
per partly paid share was credited, making them Rs 20 paid-up.

1964 - On incorporation, M/s. Wallace & Co., Ltd., were named in the
Memorandum of Association as perpetual Secretaries, Treasures and

- From February, the management of P.T. Indo-Java Rubber Planting
and Trading Company, Indonesia, was brought under the supervisory
control of a body appointed by the Govt. of India.

1967 - 1,83,500 Bonus Equity shares issued in the prop. 1:4 (fully
paid-up) and partly paid shares made fully paid-up.

1969 - North Borneo Timbers, Berhad is an associated company of Bombay
Burmah Trading Corporation Limited.

1970 - In February, 1,33,750 Bonus Equity shares issued in the prop.

1973 - 2,94,250 Bonus Equity shares issued in the prop. 1:5.

1975 - Vitro Pharma Products Ltd., and Chawla Chemical Industries Ltd.,
became subsidiaries of AFCO Industries and Union Agencies.

1977 - 4,41,375 Bonus shares issued in the prop. 1:4.

1981 - The operations at the Dombivili factory were suspended from 1st
August. It was proposed to selectively revive the activities at
an opportune time for which the Company holds licences.

1982 - The name of Chawla Chemical Industries Ltd. was changed to AFCO
Industrial & Chemicals Ltd., and it was later merged with AFCO

1983 - The Kachaldara Trading Limited company became a wholly owned
subsidiary. It was amalgamated with Bombay Company, Ltd. with
effect from 1st April, 1988.

- 1 Equity shares of Rs 25 allotted. Shares of Rs 25 each then
consolidated into shares of Rs 100 each.

1984 - The Corporation offered 4,00,000-15% secured redeemable
non-convertible debentures of Rs 100 each as rights in the
proportion 5:6, fractions being ignored. This issue was
oversubscribed and the corporation subsequently allotted 6,00,000
such debentures on 31st May, 1985. These debentures were to be
redeemed on 31st May, 1992.

1987 - A new press was commissioned. The new designs of laminates were
received well in the market.

1988 - The Kachaldara Trading, Ltd., an erstwhile subsidiary of Bombay
Burmah Trading Corporation, Ltd. merged with Bombay Company Ltd.
with effect from 1st April. With this merger, BCL became a
subsidiary of the company on 16th November, 1990.

1989 - New ranges of decorative laminates were developed and launched.
A new treater was commissioned during the year. New designs of
laminates were launched in the market.

1991 - The Dental Products of India Ltd., became a subsidiary of the

1992 - 'Post Forming Laminates' were launched for the first time in

- The BCL Spring Division was formed consequent upon the merger of
the erstwhile Bombay Company, Ltd. with the Company effective
from 1st October.

- The Afcoset Balances Division was formed consequent upon the
merger of the erstwhile Bombay Company, Ltd. with the Company
effective from 1st October.

- Effective from 1st October, Bombay Company Ltd. merged with the
Company. With this merger, the three wholly owned subsidiary
companies of the BCL viz. Lotus Viniyog Ltd., Roshnara Investment
& Trading Company Ltd., and Cincinnati Investment & Trading
Company Ltd., became wholly owned subsidiary companies of the

1994 - The Company acquired the division manufacturing particle boards
at Itarsi from Indian Plywood Manufacturing Co. Ltd.

- The Company allotted 1,01,600 No. of equity shares and 44,400
warrants to Wadia group on 25th October. The equity shares were
allotted at a premium of Rs 4,397 per share. The warrant holders
have the option to convert each warrant into one equity share of
Rs 100 each at a premium of Rs 4,947 per share.

1995 - The company had sub-divided its 6,53,319 equity shares of Rs 100
each into 65,33,190 No. of equity shares of Rs 10 each on

- The Company has allotted 65,33,190 fully paid equity bonus shares
of Rs 10 each on 12th October, in the proportion of 1:1.

- On December, the Company allotted 4,44,000 No. of equity shares
of Rs 10 each at a premium of Rs 484.70 per shares of Damascus
Investment & Trading Co. Ltd. against the warrants issued.

1996 - On 30th January, 4,44,000 bonus equity shares of Rs 10 each
allotted to Damascus Investment & Trading Co. Ltd.

- The Corporation's Formica and Springs Divisions have been
accredited with ISO 9002 by international agencies.

1997 - The Corporation continues to maintain the rating of AA+ for
Debentures FAA+ for Fixed Deposits and P1+ for Commercial Paper
assigned by The Credit Rating Information Services of India
Limited (CRISIL).

1998 - During the year the Corporation issued 12.75% Secured,
Redeemable, Non-Convertible Debentures aggregating to Rs. 12
Crores on Private Placement basis.

- During the year, the Corporation entered into an tri-partite
agreement with the National Securities Depository Limited (NSDL)
and Sharepro Services, Mumbai for providing depository facility
to the shareholders in accordance with the provisions of the
Depositories Act, 1996.

- NCDs of the company have been downgraded from AA + to AA and the
fixed deposits (FDs) programme has been downed from FAA+ to FAA.

1999 - The Corporation has also taken steps to get ISO 9002 accredition
in respect of the Afcoset Balances Division.

2000 - The Company has suffered heavy setback during the 18 months period
ended September 2000 on account of labour problems at its tea garden, sharp
rise in wage cost, heavy downward pressure on tea prices and interest burden.

2002 - The Company has informed that Mr Ashok Panjwani has been appointed as an Additional Director wef June 24, 2002. Further, he is appointed as the Executive Director of the company for a period of 3 years subject to the approval of the shareholders at the General Meeting.

-Jeh Wadia appointed as Deputy MD of Bombay Burmah Trading Corporation.


-Bombay Burmah Trading Corporation Ltd has informed that Field Marshal S H F J Manekshaw & Mr J Matthan have resigned as Directors of the Corporation with effect from October 26, 2006.


-Bombay Burmah Trading Corporation Ltd has appointed Mr. Ishaat Hussain as a Director of the Corporation with effect from May 30, 2007.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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