Neosis Industries Limited
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BSE Code:
530435
NSE Code:
MVLIND
Business Profile
Business Profile
Media Video (MEDVIDEO), incorporated on Dec. 03, 1986, is a consumer electronics and entertainment products company.
Products on offer include TV games such as Game Boy, Future Zone, and Wiz Kid; the Little Master series of educational computers; Slim Lite, Roshni and Discovery, all rechargeable lights; Search Lite, Krypton Lite, and Agni Lite brands of torches; the Iceberg and Tower series of rechargeable fans.
The manufacturing facility spread across 10,000 sq. m. at RIICO industrial complex in Bhiwadi, Rajasthan has capability to manufacture TV sets, audio and video products, home appliances and undertake software projects besides manufacturing and marketing its regular products under the brand name Media. It undertakes job works for injection molding of plastic components and assembly of electronic products as per customer requirements.
In FY08, the company completed legal requirements and demerged its real estate division into MVL Infrastructure. Media Industries is a wholly-owned subsidiary. Besides being an original equipment manufacturer for Eveready Industries India for their flashlights, it has a distribution network of around 2,000 dealers and 150 semi-wholesalers.
The registered office is located at Media House, B-86/1, Okhla Industrial Area Phase-II, New Delhi-110020.
Financials
On a standalone basis, Media Video registered registered a net profit of Rs 34.67 million for the quarter ended March 2008.
It recorded a net sales of Rs 855.37 million for the quarter ended March 2008.
Total income was Rs 856.28 million for the quarter ended March 2008.
The earnings per share of the company stood at Rs 1.41 for the quarter ended March 2008.
On a consolidated basis, the company registered a net profit of Rs 34.47 million for the quarter ended March 2008.
It recorded a net sales of Rs 1070.29 million for the quarter ended March 2008.
Total income was Rs 1071.54 million for the quarter ended March 2008.
The earnings per share of the company stood at Rs 1.4 for the quarter ended March 2008.
Recent Developments
18-SEP-07
The company has received the approval of the High Court of Delhi sanctioning the scheme of arrangement for de-merger of the real estate division of the company into MVL Infrastructure.
Future Plans
Going ahead, the company wants to launch new products in the existing line of business. It plans to diversify into new areas with the help of special purpose vehicles.