MM Rubber Company Ltd
Add to watch list to get report alerts
BSE Code:
509196
NSE Code:
MMRUBBR-B
Business Profile
Business Profile
MM Rubber Company (MMRUBBR-B), incorporated in 1964, is engaged in the manufacture and marketing of foam and furnishing products.
Under the brand name MM Foam, the company manufactures latex foam rubber products like mattresses, pillows, cushions seats for motor vehicles and other products. It has started marketing coir mattresses under its own brand name. The sleep, upholstery and transport segments have very high usage of foam rubber products. Manufacturing operations are conducted at its Ambattur factory in Chennai.
In FY07, the company settled its liability with the bank and a petition for reduction of capital filed before High Court in Chennai is pending. It has its registered office at 44, Sipcot Industrial Etate, Ranipet-632403, Tamil Nadu.
Financials
MM Rubber Company registered a decline in net profit of Rs 3.68 million for the quarter ended June 2008 from a profit of Rs 3.86 million for the quarter ended June 2007.
Net sales rose 24.29% to Rs 31.88 million for the quarter ended June 2008 from Rs 25.65 million for the quarter ended June 2007.
Total income rose 23.99% to Rs 31.89 million for the quarter ended June 2008 from Rs 25.72 million for the quarter ended June 2007.
Future Plans
The company is planning to expand its production capacity to meet the surge in global demand for natural rubber, latex, and home products.