|The foundation of our business was laid with the formation of a Partnership Concern viz. 'Toy Park (India)' by our Promoters in the year 1990 with the object of manufacturing and export of stuff toys. Subsequently, in the same year, the partnership concern entered into a Foreign Collaboration with 'Hanung Industrial Co. Limited', a South Korean company. Consequently, the name of the partnership concern was changed to 'Hanung Toys (India)'. The agreement was for providing the technology for the manufacturing of stuff toys and allied products. The same was effective for 5 years and after the expiry of this period the technical know-how became the property of the partnership concern for full and free use.
Simultaneously, on October 10, 1990, our Company was incorporated under the name of 'Hanung Toys (India) Private Limited' under the Companies Act, 1956, with the Registration number 55-41722 having its registered office at 35, Govind Mohalla, Haiderpur, Delhi - 110 042. In 1993, our Company took over the business of 'Hanung Toys (India)' as a going concern vide an Agreement of Takeover dated November 1, 1993 and carried on the business of the firm namely manufacturing of soft and stuff toys having the capacity of manufacturing 12 lakh pieces p.a. Consequently, the partnership concern was dissolved.
Subsequently, our Company was converted into a public limited company w.e.f. May 23, 1996 and pursuant to this, the name of our Company was changed to 'Hanung Toys (India) Limited'.
In the year 1997, we have increased our capacity to 110 lakh pieces p.a. which was financed through equity participation by our Promoters amounting to Rs. 45.00 lakh and Magnus Capital Corporation Limited, a body corporate registered in Mauritius to the tune of Rs. 99.90 lakh and also term loans from Financial Institutions/ Banks viz. PICUP and NSIC to the tune of Rs. 61.00 lakh and Rs. 43.97 lakh, respectively.
In 2005, we have entered into an agreement with The Walt Disney Company (India) Private Limited wherein we have been licenced to use some of the Disney Characters and Trademarks enabling us to increase the variety in our stuff toys range.
Also, as a part of our business integration strategy, we have acquired the business of two of the Promoter Group Companies viz. Hanung Furnishings Private Limited engaged in the business of manufacturing and marketing of home furnishings and Hanung Processors Private Limited engaged in the business of textile processing through a Slump Sale Arrangement w.e.f. from midnight October 29, 2005. Consequently, we have also changed the name of our Company to 'Hanung Toys and Textiles Limited' w.e.f. January 9, 2006
In 2006, we have also entered into an agreement with Percept Picture Company Private Limited pursuant to which we have been granted certain pre-approved manufacturing and selling rights in respect of characters used in the animated motion picture 'Hanuman'
In 2006, we also entered into two more agreements with The Walt Disney Company (India) Private Limited wherein we have been licenced to use some of the Disney Characters and Trademarks in relation to our home furnishing products.
1990-91: Incorporation of our Company as 'Hanung Toys (India) Private Limited' on October 10, 1990 under the
Companies Act, 1956
1993-94: Takeover of business from Hanung Toys (India) on a going concern basis vide an agreement dated November
1994-95: Sales touched the level of approximately RS. 500 lakh
1996-1997 : Investment by Magnus Capital Corporation Limited
Expansion of capacity to 110 lakh pieces p.a.
Conversion of Company into a Public Limited Company as 'Hanung Toys (India) Limited' w.e.f. May 23,
Sales crossed Rs. 1,000 lakh
1999-2000 : Sales reached the level of around RS. 3,000 lakh
2001-2002 : Sales Crossed Rs. 5,000 lakh
2004-2005 : Sales reached the level of Rs. 8,000 lakh
2005-2006 : Total income reached the level of Rs. 15000 lakh
Qualified under European Standard on Safety of Toys EN-71 part 3: 1994 and amendment A1 : 2000
on May 17, 2005
Qualified under ASTM Standard Consumer Safety Specification for Toys on May 26, 2005
Qualified under Furniture and Furnishings (Fire) (Safety) Regulations, 1998-Amended 1989 and 1983
based on BS-5852 dated October 10, 2005
Agreements with The Walt Disney Company (India) Private Limited for using certain Disney
Characters and Trademarks
Acquisition of the business of two of our Promoter Group Companies viz. Hanung Furnishings Private
Limited and Hanung Processors Private Limited through a Slump Sale Arrangement
Exit of Magnus Capital Corporation Limited through sale of its shareholding in our Company to a
Promoter Group Company Abhinav International Private Limited
Change of name to 'Hanung Toys and Textiles Limited' w.e.f. January 9, 2006
Awarded Quality Certification of ISO 9001: 2000 by TUV GmbH, Germany
Agreement with Percept Picture Company Private Limited for using all the characters used in the animation
motion picture 'Hanuman'
Investment by Bennett, Coleman and Co. Limited of 5,00,000 Equity Shares at a price of Rs. 150/- per
- Hanung Toys & Textiles secures Export Order for US $ 65 Million
-Hanung Toys & Textiles Ltd has signed export order tie-up with IKEA Sweden, for exporting soft toys / kids furnishing to the extent of EURO () 108 million (Rs 600 Crores).
- Hanung Toys & Textiles Ltd has informed that the Board of Directors of the Company at its meeting held on February 17, 2009, has appointed Mr. Chander Sekher Batra, Chartered Accountant as an Additional Director on the Board of the Company.