MORGANITE CRUCIBLE (INDIA) LTD
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BSE Code:
523160
NSE Code:
MORGANITE
Business Profile
Business Profile
Morganite Crucible India (MORGANITE) is engaged in the manufacture of silicon carbide and clay graphite crucibles and accessories. It was incorporated on Jan. 13, 1986.
The company has its manufacturing unit in the Aurangabad district of Maharashtra with installed capacities of 3,600 MT silicon carbide crucibles, 1,000 MT clay graphite crucibles and 400 MT accessories. It has planned to expand its existing plant by April 2008 and commence commercial production by August 2008. To achieve this, the company would borrow by way of external commercial borrowing (ECB) a sum of approximately Rs 64.43 million from its foreign equity holder Morganite Crucible, UK.
The registered office is located at B-11, MIDC Industrial Area, Waluj, Aurangabad-431136, Maharashtra.
Financials
Morganite Crucible India registered a profit of Rs 3.99 million for the quarter ended September 2007.
It recorded a net sales of Rs 48.31 million for the quarter.
Total income was Rs 49.27 million for the quarter ended September 2007.
The earnings per share (EPS) of the company stood at Rs 1.42 for the quarter ended September 2007.
Recent Developments
07-AUG-07
On August 7, 2007, the shareholders increased the borrowing limit of the company to Rs 150 million and to create charge on the assets of the company for such borrowings.