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Midland Polymers Ltd.

Main Activities: Administrative and Support and Waste Management and Remediation Services

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Company Information

Full name
Midland Polymers Ltd.

Legal Address
G-2, Pramilla Plaza,, Thatipur., ; Gwalior; Madhya Pradesh; 474011
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Vishal Vijay & Associates (2012)

Tel: 4070001/ 2372177/

Company Description

Midland Polymers Limited (MPL), was incorporated as a Public Ltd Company on 1st Sep.'92 and commenced its business from 15th Jan.'93. It has been promoted by Mr. Alok Saboo, Mr.Mukund Saboo, Mr. Sudhir Lakhotia and Mr. Ramesh Prasad Kabra - the promoters of the Saboo group of companies, Gwalior. MPL came out with a public issue of 19,80,000 equity shares of Rs. 10 each for cash at par aggregating Rs. 1.98 crores to part finance the enhancement of installed capacity for manufacture of Mono-axially
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues decreased with -95.08%, from INR 0.61 tens of millions to INR 0.03 tens of millions. Operating Results decreased from INR 0.23 tens of millions to INR -0.02 tens of millions. The results of the period reached INR -0.02 tens of millions at the end of the period against INR 0.56 tens of millions last year. Return on equity (Net income/Total equity) went from 28.43% to -1.03%, the Return On Asset (Net income / Total Asset) went from 28.43% to -1.03% and the Net Profit Margin (Net Income/Net Sales) went from 91.80% to -66.67% when compared to the same period of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 192.00 to 118.00 when compared to the previous year.

Key Executives

Mr. Sudhir K Lakhotia Chief Executive Director
Mr. Hemant K Sharma Independent Director
Mr. Rakesh Jain Independent Director
Mr. Vinod Kumar Jain Independent Director
Mr. Anand Lakhotia Chief Financial Officer
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Balance Sheet

Shareholders Equity

6

5

* All the accounts are in INR.
Income Statement

Operational Profit (Loss)

-0

-0

Net Profit (Loss)

0

0

* All the accounts are in INR.
Ratios
Profitability Ratios

Return on Equity (ROE)

0.15%

0%

Annualised Return on Equity (ROE)

0.2%

0%