Trust Stamp for MANGALAM ALLOYS LIMITED


	MANGALAM ALLOYS LIMITED

Registered Office

Address	Plot No. 3124 3126, G.I.D.C., Phase III, Chhatral, Gandhinagar 382729, Gujarat
Tel. No.	91-2764-232064 / 232025
Fax No.	91-2764-234361
Area	18000 sq mtr (Owned)

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SUMMARY

Incorporated	1988/08/01
Registration No.	04-11051
No. of Employees	503 (Office 500, Factory 3)
Line of Business	Manufacturer, Exporter and supplier of steel Rounds, Polished Rounds, Squares, Hexagons, Angles, SS Utensil etc.,

Status

Company is a well-established and reputed concern. Trade relation are fair. Business is active.

Payments

Regular

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :	Kishan M. Mehta And Company, Chartered Accountant
Address :	6, Premchand House Annexe, Old High Court Way, Ashram Road, Ahmedabad-380009, Gujarat, India

FACTORY WAREHOUSE

Factory

Plot No. 3124 3126, G.I.D.C., Phase III, Chhatral, Gandhinagar 382729, Gujarat

LEGAL FORM

A Closely Held Public Limited Liability Company.

DIRECTORS

DIRECTORS
Name : Mr. Utianchand Chandannal Mehta
Designation : Director
Address : 3, Chandramaul Eshwar Farm, Mr. mohamadpura Bus Stop, Ambali Opal Road, Ahmedabaaad, Gujarat
Date of Birth/Age : 1953/11/20
Qualification: B.E
Date of Appointment : 2006/05/20
Other Directorship: Unison Metals LimitedL27110GJ1990PLC013964
Name : Mr. Devichand Jhaverchand Jain
Designation : Director
Address : A- 32, Om Towers, Shahibaug, Ahmedabad, Gujarat
Date of Birth/Age : 1949/04/20
Date of Appointment : 1988/08/01
Name : Mr. Devilal Bherulal Rathi
Designation : Director
Address : 0-13, Satelite Tower, Premchand Nagar, Satelite, Ahmedabad, Gujarat
Date of Birth/Age : 1965/12/14
Qualification: C.A
Date of Appointment : 2000/02/28
Name : Mr. Nareshbhai Vishandas Changrani
Designation : Director
Address : 9/ A, Happy Home Apartment, Opp. Priti Gunj Society, Maninagar (E), Ahmedabad, Gujarat
Date of Birth/Age : 1964/11/26
Date of Appointment : 2002/12/02
Name : Mr. Tushar U Mehta
Designation : Director
Date of Birth/Age : 22 Years
Qualification: M.E ( Mechanical Engineer)
Name : Mr. Zakesh Jain
Designation : Director
Date of Birth/Age : 35 Years
Qualification: C.A

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Names of Shareholders No. of Shares
Udhyam Merchandise Private Limited 75000
Sridhar Preservers Private Limted 125000
Umra Securities Limited 50000
Lokeshkumar Bansilal Jain 5000
Total 255000

List of Allottees No. of Shares Allotted
Eneralo System Engineering Limited 40000
Gujarat Chemical Plasto Limited 40000
Shree Datta Industres India Limited 40000
Mansi Securities and Communication Limited 40000
Nexus Software Limited 40000
Supreme Communication Limited 40000
Highland Industries Limited 40000
Pallavi Multi Trade Private Limited 40000
Gometric Trading Private Limited 40000
Paritosh Trading Private Limited 40000
K.K. Enterprises Private Limited 100000
Shrikant Broking Private Limited 100000
Total 600000

Equity Share Breakup (Percentage of Total Equity) As on 29.09.2007
Category Percentage
Bodies corporate (not mentioned above) 67.83
Directors or relatives of directors 7.07
Other to fifty (50) shareholders (other than listed above) 25.10
Total 100.00

PRODUCTS DETAILS

Products:
Stainless Steel Sheets

Stainless Steel Circles/ Squares/ Hexagons/ Angles
Stainless Steel Utensils
Stainless Steel Flats
Stainless Steel Bright Bars
Stainless Steel Rounds
Polished Rounds
Stainless Steel Blanks
Stainless Steel Black Bars
Stainless Steel Ingots
Stainless Steel Grain Containers
Stainless Steel Storage Tanks.

EXPORT DETAILS

Exports to :
Countries : Singapore, Vietnam, South Africa, Indonesia, Malaysia, Pakistan, Bangladesh

IMPORT DETAILS

Imports From :
Countries : Vietnam, USA, Germany, South Africa, France

TRADING TERMS

Terms :
Selling : Credit ( 30Days), CAD
Purchasing : CAD

BANKERS

Bankers :
The Greater Bombay Co-operative Bank Limited
Bhavnagar Welfare Co- Operative Bank Limited
State Bank of Saurashtra Naroda Industrial Estate Branch, Naroda, Ahemedabad-382330, Gujarat, India

AUDITORS

Name :	Kishan M. Mehta And Company, Chartered Accountant
Address :	6, Premchand House Annexe, Old High Court Way, Ashram Road, Ahmedabad-380009, Gujarat, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 970.917 773.600 569.683
Other Income 5.927 2.652 1.414
Total Income 976.844 776.252 571.097
Profit/(Loss) Before Tax 12.534 10.605 4.889
Provision for Taxation 4.887 3.337 1.243
Profit/(Loss) After Tax 7.647 7.268 3.646
Export Value NA 21.434 1.399
Expenditures :
Raw Material Consumed 0.000 0.000 396.406
Purchase made for resale 0.000 0.000 12.861
Consumption Store and spare parts 0.000 0.000 26.628
Salaries, wages and bonus 0.000 0.000 9.342
Managerial Remuneration 0.000 0.000 0.202
Payment to auditor 0.000 0.000 0.093
Interest 0.000 0.000 5.027
Insurance Expenses 0.000 0.000 0.377
Power and Fuel 0.000 0.000 75.534
Material cost 748.492 622.047 0.000
Manufacturing Expenses 179.179 138.975 0.000
Payment to and provision for employee 16.698 13.433 0.000
Administrative Expenses 7.353 6.189 0.000
Financial Expenses 15.327 8.253 0.000
Increase or decrease in stock [11.426] [29.615] [8.216]
Depreciation & Amortization 8.687 6.365 5.151
Other Expenditure 0.000 0.000 42.803
Total Expenditure 964.310 765.647 566.208

CAPITAL STRUCTURE

Capital Structure As on 29.09.2007

Authorised Capital :
No. of Shares Type Value Amount
7000000 Equity Share Rs.10/- Each Rs.70.000 millions

Issued,& Subscribed :
No. of Shares Type Value Amount
4654000 Equity Share Rs.10/- Each Rs. 46.540 Millions

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