Minal Engineering Limited

Add to watch list to get report alerts
BSE Code: 522235      

Business Profile
Business Profile
Minal Engineering (MINAL) is engaged in the manufacture of dies and other engineering components. It was incorporated as a private limited company on Jan. 11, 1988, converted into a public limited company on Sept. 30, 1993, and got the current name on Oct. 29, 1993.

The company manufactures high precision dies, moulds, tools and engineering components at its plant in Vadodara, Gujarat. It has invested in a jewelry firm, C Mahendra Infojewels, who are into manufacturing high quality diamond studded jewelry. The manufacturing plant is located at SEEPZ in Mumbai. In FY08, the company planned to take high-grade jewels to the exclusive custom-made jewelry market in USA. It is taking over Selection Inc., a US based jewelry marketing company that has many prestigious and reputed high-end jewelry outlets among its clientele, which include Friedmans Zales, Gordon, Kim, Piercing Pagoda. Selection Inc. will provide a readymade marketing outfit is USA and an established clientele base of some of the most prestigious names involved in the business of high-end jewelry and designer watches.

The registered office is located at 214/A, Paradise Complex, Sayajigunj, Vadodara, Gujarat-390005.

Financials
Minal Engineering registered a steep drop of 76.93% in net profit of Rs 2.66 million for the quarter ended September 2007 from a profit of Rs 11.53 million for the quarter ended September 2006.
Net sales declined 95.24% to Rs 3.01 million for the quarter ended September 2007 from Rs 63.3 million for the quarter ended September 2006.
Total income dipped 90.05% to Rs 6.33 million from Rs 63.62 million for the quarter ended September 2006.
The earnings per share (EPS) of the company stood at Rs 0.42 for the quarter ended September 2007.

Recent Developments
07-JAN-08
Minal Engineering acquired stake in a jewellery firm - C Mahendra Infojewels. C Mahendra Infojewels are in the business of manufacturing high quality diamond studded jewellery. The manufacturing plant of C Mahendra Infojewels is based at SEEPZ, Andheri, Mumbai. C Mahendra Infojewels is also planning to acquire Selection Inc, a US- based jewellery marketing company. The acquisition will give boost to the customer base of C Mahendra Infojewels in the domestic as well as international market.

Future Plans
In October 2007, the board of directors decided to go starting and acquiring the reality and infrastructure business of industrial estates, hotels, residential complexes and any other activities in the respective fields; starting and acquiring an online business of retail/auction/services and real estate.

Other Information
Annual Reports for Minal Engineering Limited
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
1999-00
1998-99
1997-98
1996-97

Please Note: Clicking on the download link will add the report to your downloaded reports. You will be able to download it at any time during the subscription period.

Free reports will not be deducted from your subscription.


Request a Report
Close
Select Year   
Description