Select a component on the form and select copy from the Edit menu. The text representation of the component and its non-default properties can now be pasted into the code window in Delphi, or any text editor. Example:

object MediaPlayer : TMediaPlayer
  Left = 48
  Top = 32
  Width = 253
  Height = 30
  Cursor = crHelp
  ColoredButtons =
   [btPlay, btStop, btNext, btPrev, btStep, btBack, btRecord, btEject]
  ParentShowHint = False
  ShowHint = True
  TabOrder = 2
  OnClick = MediaPlayer Click
end