MANGALAM CEMENT LIMITED
Article Abstract:
Mangalam Cement Limited, Adityanagar, Morak, Kota district, Rajasthan, has announced its audited financial results for the year ended March 31, 1998. (gsh) ------------------------------------------------------------ Mangalam Cement Limited: Audited Financial Results ------------------------------------------------------------ Particulars (Rs in lakh) 1997-98 1996-97 ------------------------------------------------------------ Net Sales 21510.23 24449.89 ------------------------------------------------------------ Other Income 224.40 233.69 ------------------------------------------------------------ Total Expenditure 20716.11 21925.09 ------------------------------------------------------------ Interest 2694.84 2715.50 ------------------------------------------------------------ Gross Profit -1676.32 42.99 ------------------------------------------------------------ Depreciation 1193.22 1178.10 ------------------------------------------------------------ Net Profit -2869.54 -1153.11 ------------------------------------------------------------ Paid-up Equity Capital 1486.66 1486.66 ------------------------------------------------------------ Reserves 4846.64 5900.36 ------------------------------------------------------------
Comment:
Incurs losses of Rs2869.54 lakh in 1998 vs loss of Rs1153.11 lakh in 1997
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MANGALAM CEMENT: PARCHED FOR WANT OF RELIEF
Article Abstract:
Mangalam Cement (MC) of the BK Birla group plans to raise Rs14.86 crore through a rights offer which will have 14 percent optionally convertible cumulative preference shares (OCCPS) of Rs10 at par. This will be used to repay inter- corporate deposits of Rs14.30 crore. The company has a capital base of Rs14.86 crore, which will be doubled to Rs29.73 crore if all the OCCPS are converted. The company incurred a loss of Rs11.35 crore on a turnover of Rs244 crore in 1996-97. It declared a loss of Rs20.40 crore on sales of Rs163.15 crore for the 9 months ended December 1997. It has projected a net loss of Rs27.83 crore on a turnover of Rs218 crore in 1997-98. (khr)
Comment:
Plans to raise Rs14.86 crore through a rights offer which will have 14% OCCPS of Rs10 at par
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SHREE CEMENT NON-CONVERTIBLE DEBENTURE
Article Abstract:
The non-convertible debenture issue of Shree Cement Ltd has been downgraded to LBBB+ rating by Icra. This indicates moderate safety with relatively higher standing within the category. (khr)
Comment:
The non-convertible debenture issue of Shree Cement Ltd has been downgraded to LBBB+ rating by Icra.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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