|Tinna Overseas Limited having its Registered Office at A-151, Mayapuri, Phase-II, New Delhi was originally incorporated as a Private Limited Company under the Companies Act, 1956 on 4th March, 1987 under the
name and style of Tinna Overseas Pvt Ltd. The Company became Deemed Public Company w.e.f 31st March, 1992 and subsequently became a Public Limited Company in terms of a Special Resolution passed on 18th April 94 under the Companies Act, 1956.
The Company was established in 1987 with the object to cater exclusively to the export market of footwear and footwear components. In 1988 Company started its commercial production by setting up a unit at Delhi. This unit undertakes manufacture and export of leather shoes, shoe uppers and its manufacturing capacity has been gradually modernised/expanded to the present level of 4,20,000 pairs of leather shoes & 4,80,000 pairs of shoe uppers per annum. The Company was recognised as an Export House from 1st April 1991 by Govt. of India, Ministry of Commerce.
The Company diversified into manufacture and export of Thermoplastic Rubber Compounds (TPR) by setting up of another unit at Bombay in 1991. The unit started it's production in June 1991. In the very first year of its commercial production the Company bagged export recognition
award from Chemical and Allied Products Export Promotion Council for the export achievement in respect of TPR for the year 1991-92.
In 1993 the Company set up another unit at Gurgaon for manufacture of soles and heels for its captive consumption and exports.
The Company bagged export recognition awards for the years 1988-89, 1990-91 and 1992-93 from the Council of Leather Export.
The Company at present is engaged in manufacture and export of leather footwear, footwear components, TPR compound and merchant exports to U.K., Canada, Italy, Australia, CIS countries and Portugal. The products manufactured by the Company are well accepted in the
international market. The Company manufacturing and exporting shoes for established international Companies like Liverpool Shoe Co., part of the prestigious Pentland Group, Ravel part of the reputed Clark Shoes of England, British Bata, Kidder Minster, Shoe Fayre, Bacons, L.M.International of U.K., CICIL Brothers and R.Hannah Co. of Australia and Worldwide Tradings of Canada and to reputed European chains
like C&A, GUS, Stead & Simpson.
The sales turnover of the Company has increased from Rs.475.60
lac in 1989-90 to Rs. 3563.68 lacs in 1993-94, thus registering
an increase of 649.30% over a period of 5 years. During the
same period its profit after Tax (PAT) increased from Rs.26.28 lacs to
to Rs.390.27 lacs, showing a growth of more than 13.85% calculations of EPS & Book value have been calculated on Rs.10/- per share to facilitate comparison.
2. Depreciation upto the year ended 31st March' 1994 has been
calculated on W.D.V. basis. During the period ended 30th
Sep.1994 the Company has changed the method of depreciation
accounting from W.D.V. to S.L.M. at the rates prescribed in
Schedule XIV of the Companies Act 1956. Accordingly, the
Depreciation has been less charged to profit and loss
account by Rs. 21 28,464/- fort he period ended 30th Sept'
3. The other income comprises of income on sale of
advance licences and dividend income etc.
-Tinna Overseas ties up with Pakistan, Bahrain cos for bitumen supply