MIRZA INTERNATIONAL LTD
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BSE Code:
526642
NSE Code:
MIRZAINT
Business Profile
Business Profile
Mirza International (MIRZA), formerly known as Mirza Tanners, is a Kanpur-based company engaged in the manufacture of leather goods, fashion garments and accessories. The company was incorporated as a private limited company on Sept. 5, 1979, became a deemed public limited company from Jul. 01, 1993 and converted into a public limited company.
The company is a fully integrated company that carries out all activities from tanning to production and marketing under the same umbrella. It manufactures shoes, finished leather, shoe uppers, bags, T-shirts, denim jeans, wallets, belts, and other accessories. The manufacturing plants are located at Juhi, Magarwara, Noida, and Shahjani in Uttar Pradesh.
Mirza International markets its shoes under its flagship brand Red Tape. It offers footwear for men and women in formal and semi-formal categories. Red Tape shoes are sold through multi-brand outlets, chain stores and exclusive showrooms across the country. The company started retail activities with stores in Dubai and Sharjah and has stores in Delhi, Kanpur and in many B and C category towns. It plans to open around 300 stores. These stores, styled Red Tape, the international footwear brand of the company, offers a large number of accessories like T-shirts, denim jeans, wallets, and belts and footwear for both men and women. The company has entered into an agreement with Arvind Mills for the supply of accessories.
The company exports its products to US, UK, Canada, South Africa, Hong Kong and the Middle East markets. Subsidiaries include MTL Trading, South Africa. The registered office of the company is located at 14/6, Civil Lines, Kanpur-208001, Uttar Pradesh.
Financials
Mirza International registered a steep drop of 71.12% in net profit of Rs 20.87 million for the quarter ended June 2007 from a profit of Rs 72.27 million for the quarter ended June 2006.
Net sales rose 1.36% to Rs 749.77 million for the quarter ended June 2007 from Rs 739.73 million for the quarter ended June 2006.
Total income rose 1.36% to Rs 749.83 million for the quarter ended June 2007 from Rs 739.79 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 0.22 for the quarter ended June 2007.
Recent Developments
21-MAR-06
Mirza International launched an exclusive store in Sharjah, UAE for its footwear brand, Red Tape.