Monday, 5 September 2011
Asian Star Company History(Dividend,Bonu)
Asian Star Company Ltd
1971
Asian Star Company was registered as a partnership firm in by the Shah family and Kothari family. The Promoters of the Company are the partners of the erstwhile firm, Asian Star Company and hail from North Gujarat.
- The company has processing facilities at Thala, Mandvi and Goregaon which have been taken on a leave and license basis from associate firms/group companies.
The Company's main activities are importing rough diamonds, cutting and polishing them and exporting of cut and polished diamonds. The Company is carrying out its processing activities from its facilities at Goregaon, Mumbai; Mandvi and Gopipura in Surat & Thala (Chikhli) in Gujarat. It also gets work done on a job work basis from contractors in Mumbai and Surat.
1990
In view of the growing business, both families mutually agreed to amicably separate the business and continue their business in diamonds. The Kothari family continued business under the name of P. D. Kothari & Co. and Asian Star Company has since established itself as a diamond processor engaged in the import of rough diamonds and the export of cut and polished diamonds.
1991
The Company has obtained NOC/Clearance Orders from the Pollution Control Board of Gujarat for the Surat facility vide registration No. 3500, dated 4th October, from the Mandvi Gram Panchayat for the facility at Mandvi.
The Company is Two Times Award winder for highest exports from Gem and Jewellery Export Promotion Council under the Non-DTC category for the year 1991-92 and 1992-93.
The Company is a recipient of National Export Award and Certificates of Merit from Ministry of Commerce for highest growth in exports in the year 1991-92 and 1993-94 respectively.
1993
However in January, on the basis of the Company's performance, DTC reconfirmed the Company as a "Sightholder".
1994
In four year it has secured 31st position of among the top 100 exporters (10th position in the diamond industry) in India for the year according to the report by Federation of Indian Export Organisation, New Delhi, dated September 18, 1995.
1995
The Company is formed by registration of the Partnership firm previously known as Asian Star Company into a Limited Company under Part IX of the Act on March 2, and was granted Certificate of Commencement on 7th March.
The Company has entered into contract with M/s. Rahil Agencies to process rough diamonds at its factories situated at Goregaon, Chikhli (Valsad) and Mandvi (Surat) as per agreements dated 1st February, for a period of five years.
The Company was registered as a public limited company under part IX of the Companies Act on 2nd March.
1996
The Company entered the Capital Market with a Maiden Public Issue of 26,70,000 equity shares of Rs. 10/- each at a premium of Rs. 65/- per share, which was opened for Public subscription on 13th May.
1997
Indian Diamond Industry had witnessed a bad patch during last year as a result of uncertain market conditions created by breaking up of single channel supply, excessive supply in open market, high rate of interest on Post Shipment finance by Banks.
- The Branch office of the Company at Hong Kong and New York was closed during the year. With due approval of RBI and Government of India a wholly owned Subsidiary Company under the name of ASIAN STAR COMPANY LIMITED with a paid-up capital of US$ 500000/- (Rs. 17875000/- approx.) was incorporated at New York, U.S.A.
1998
1,06,71,200 No. of Equity Shares of Rs. 10/- each of the Company listed on Ahmedabad Stock Exchange be delisted on and from 1st April 1999.
The Company needs additional funds to meet the working capital it is therefore proposed to increase the limits as stipulated in the resolution.
During the year under review Indian Diamond Industry has witnessed a modest rise of 6% over the previous year despite the recession in most consuming centers as well as financial crisis in the Far East Countries.
The company has been awarded ISO : 9002 certification by RWTUV, ESSEN, West Germany.
Public Issue Date : 13/05/1996
Book Closure Start Date : 15/09/2010
Book Closure End Date : 21/09/2010
Listing Price : Rs.75
Face Value : 10.0
BSE Code : 531847
BSE Group : B
Life time high : Rs.1999 1-Oct-09
Life time Low : Rs.75 24-Jul-96
Year | Month | Dividend (%) |
2010 | May | 20 133*2=266 |
2009 | Aug | 20 133*2=266.00 |
2008 | Jun | 20 133*2=266.00 |
2007 | Jun | 20 133*2=266.00 |
2006 | Jul | 20 133*2=266.00 |
2005 | Jul | 20 133*2=266.00 |
2004 | Jun | 20 133*2=266.00 |
2003 | Jun | 40 133*4=266.00 |
2002 | Jun | 10 133*1=133.00 |
2001 | Jun | 15 133*1.5=199.5 |
2000 | Mar | 75 133*7.5=997.5 |
1999 | Aug | 18 133*1.8=239.4 |
1998 | Jul | 8 133*0.8=106.4 |
1997 | Nov | 10 133*1.0=133.0 |
1997 | Jul | 15 133*1.5=199.5 |
Total = 3870.30
Share holding
(in %) Dec-10 Sep-10 Jun-10
Promoter 74.97 74.97 74.97
FII 0.03 0.03 0.04
DII 4.47 4.47 4.46
Others 20.53 20.53 20.53
Total 100.00 100.00 100.00
Share Return:
Assumed investment: Rs.10000.
Investment initiated on 1996.
Rs. 10000 worth of shares: 133(Per share Rs.185, 10000/75=133)
As on 28 Feb 2011 return of investment Rs.1073
(as on 28 Feb 2011 Market price)*133shares=142709+3870.30(dividend)=146579.30.
Gold Return:
Same time Rs.10000 investment in gold.
As on 1996 gold price is Rs. 35.52per grm, Rs.10000 worth of gold:281.5(Per grm gold 32.43,10000/35.52=281.5grm rounded of 281)
Return as on 2011 gold price is 1900 per grm (as on feb 2011 market gold price 1900 Per grm)281grm*1900=533900.
