|
|
|
PROGRESS REVIEW FOR THE LAST 3
YEARS OF THE COMPANY:
|
|
 |
|
|
(Rs. in Lakhs) |
|
YEAR |
PRODUCTS |
TARGET FOR THE YEAR |
ACHIEVEMENT |
TOTAL SALES |
PROFIT EARNED |
DIVIDEND DECLARED |
|
2001-02 |
Paint |
Rs.300 |
Rs.320.38 |
Rs.605.86 |
Rs.48.74 |
10%
(Rs.10.36) |
|
Ind.Ink |
Rs.400 |
Rs.285.48 |
|
2002-03 |
Paint |
Rs.300 |
Rs.344.81 |
Rs.824.03 |
Rs.212.78 |
25%
(Rs.25.91) |
|
Ind.Ink |
Rs.400 |
Rs.479.22 |
|
2003-04 |
Paint |
Rs.350 |
Rs.342.89 |
Rs.924.36 |
Rs.133.66 |
20%
(Rs.20.73) |
|
Ind.Ink |
Rs.400 |
Rs.581.47 |
|
2004-05 |
Paint |
Rs.350 |
Rs.354.65 |
Rs.944.67 |
Rs.147.11 |
20%
(Rs.20.73) |
|
Ind.Ink |
Rs.400 |
Rs.590.02 |
|
2005-06
|
Paint |
Rs.350 |
Rs.355.36 |
Rs.1251.67 |
Rs.243.35 |
30%
(Rs.31.10) |
|
Ind.Ink |
Rs.450 |
Rs.896.31 |
|
2006-07 |
Paint |
Rs.350 |
Rs.364.11 |
Rs.1305.67 |
Rs.183.79 |
40%
(Rs.41.46) |
|
Ind. Ink |
Rs.450 |
Rs.941.55 |
|
2007-08 |
Paint |
Rs.400 |
Rs.393.95 |
Rs.895.05 |
Rs141.83 |
40%
(Rs.41.46) |
|
Ind.Ink |
Rs.450 |
Rs.501.10 |
| |
|
|
|
|
|
|
|
|
PRESENT FINANCIAL POSITION OF THE COMPANY:
|
 |
|
(Rs. in Lakhs) |
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Paid Up Capital |
103.65 |
103.65 |
103.65 |
103.65 |
|
02 |
Reserve's & Surplus |
784.01 |
918.73 |
994.84 |
1037.44 |
|
03 |
Current Liabilities |
81.97 |
112.99 |
112.99 |
93.40 |
|
04 |
Fixed Assets (Net Block) |
21.00 |
16.63 |
14.76 |
35.15 |
|
05 |
Current Assets, Loan's & Advance |
1102.30 |
1574.23 |
1443.97 |
1761.10 |
|
06 |
Capital Employed |
910.62 |
1172.65 |
1067.75 |
1304.56 |
|
07 |
Net Worth |
887.66 |
988.69 |
1067.31 |
1112.86 |
ADMINISTRATIVE POSITION OF THE COMPANY:
|
(Rs. in Lakhs) |
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Staff (Including Managers) |
38 |
37 |
35 |
32 |
|
02 |
Workers |
35 |
33 |
33 |
32 |
|
03 |
Salaries & Wages including PF Gratuity
ESI Production Incentives paid |
140.10 |
155.79 |
165.48 |
177.69 |
PRODUCTIOIN DETAIL:
The details production statement of the company products are
shown in Annexure - II.
MARKETING DETAILS:
Marketing details of the company products are shown in
Annexure-III.
ANNEXURE - III
The company has got wide network of Marketing Department
having qualified professionals. We have one Marketing Manager
based at Head Office, Mysore, and two Dy. Marketing Managers,
one Sales Executive and Four Sales Representatives based at
Mysore, Bangalore, Hubli and Shimoga.
Apart from the above, we have Authorized Indenting Agents
at:
-
Davanagere :
M/s. Venkateshwara Agencies Phone:08192-276694
-
K.G.F. :
M/s.
Srinivasa Agencies Phone: 08155-285355
-
Madurai : M/s. Milan Trading Corporation Phone: 0452-2744671
-
Chennai :
M/s. United Marketing Coporation Phone: 044-28362723
Fax: 044-28363002
|
|
And also, the company has got Sales Depots at
-
Mysore
- No. 21, Dhavanthri Road, 0821-2429138
-
Bangalore
- No. 62, SJP Road, 080-22236608
-
Madurai
- No. 69, South Masi Street, 0452-2744671
|
The company is planning to open new Sales Depots at Mangalore,
Hubli, Gulbarga, Hassan and Davanagere.
|
REVENUE TO GOVERNMENT FROM THE COMPANY: |
|
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Central Excise |
85.04 |
96.82 |
166.68 |
93.48 |
|
02 |
Karnataka Sales Tax (VAT) |
40.60 |
45.66 |
43.17 |
49.58 |
|
03 |
Divident Paid to Govt |
18.95 |
28.42 |
37.89 |
37.89 |
|
04 |
Income Tax |
55.00 |
83.00 |
69.00 |
96.00 |
|
05 |
Central Sales Tax |
10.48 |
19.57 |
33.21 |
27.20 |
DIVIDEND DECLARED FOR THE LAST 4 YEARS:
|
2004-2005 |
20% |
Rs. 20.73 Lakhs |
|
2005-2006 |
30% |
Rs. 31.10 Lakhs |
|
2006-2007 |
40% |
Rs. 41.46 Lakhs |
|
2007-2008 |
40% |
Rs. 41.46 Lakhs |
ISO 9001/2000 CERTIFICATION DETAILS:
With the co-operation and efforts of all the employees of the
company. The company was able to obtain ISO 9001/2000
Certification in the month of July 2002. Accredited by "UKAS"
England
|
PERFORMANCE : |
|
The following table indicates the performance of the company
for the last 3 years. The company is making profit and paying
dividend continuously.
|
(Rs. in Lakhs) |
|
Year |
Product In Mt. |
Target Fixed |
Sales |
Total |
Profit |
Dividend Declared |
|
|
|
|
Paint |
Ink |
|
|
|
|
2004-05 |
627.801 |
750 |
354.65 |
590.02 |
944.67 |
147.11 |
20% |
|
2005-06 |
533.887 |
800 |
355.36 |
896.31 |
1251.67 |
243.35 |
30% |
|
2006-07 |
467.277 |
800 |
364.12 |
941.55 |
1305.67 |
183.79 |
40% |
|
2008-09 |
491.210 |
850 |
393.95 |
501.10 |
895.05 |
141.83 |
40% |
FINANCIAL POSITION :
The table below shows the financial position of the company
for the last three years.
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Paid Up Capital |
103.65 |
103.65 |
103.65 |
103.65 |
|
02 |
Reserve's & Surplus |
784.01 |
918.73 |
994.84 |
1037.44 |
|
03 |
Current Liabilities |
81.97 |
112.99 |
112.99 |
93.40 |
|
04 |
Fixed Assets (Net Block) |
21.00 |
16.63 |
14.76 |
35.15 |
|
05 |
Current Assets, Loan's & Advance |
1102.30 |
1574.23 |
1443.97 |
1761.10 |
|
06 |
Capital Employed |
910.62 |
1172.65 |
1067.75 |
1304.56 |
|
07 |
Net Worth |
887.66 |
988.69 |
1067.31 |
1112.86 |
The Company at present is doing well and all steps are being
taken to improve the activities of the company in all
respects.
|
NO. OF EMPLOYEE'S EMPLOYED AND WAGES PAID: |
 |
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Staff (Including Managers) |
38 |
37 |
35 |
32 |
|
02 |
Workers |
35 |
33 |
33 |
32 |
|
03 |
Salaries & Wages including PF Gratuity ESI Production
Incentives paid |
140.10 |
155.79 |
165.48 |
177.69 |
|
REVENUE TO THE GOVERNMENT FROM THE COMPANY |
|
|
Sl. No. |
Particulars |
2004-05 |
2005-06 |
2006-07 |
2007-08 |
|
01 |
Central Excise |
85.04 |
96.82 |
166.68 |
93.48 |
|
02 |
Karnataka Sales Tax (VAT) |
40.60 |
45.66 |
43.17 |
49.58 |
|
03 |
Dividend Paid to Government. |
18.95 |
28.42 |
37.89 |
37.89 |
|
04 |
Income Tax |
55.00 |
83.00 |
69.00 |
96.00 |
|
05 |
Central Sales Tax |
10.48 |
19.57 |
33.21 |
27.20 |
OVERALL PICTURE OF COMPANY'S PRODUCTION, SALES
|
Year |
Production |
Sales |
|
2004-2005 |
627.801MT |
Rs. 944.67 Lakhs |
|
2005-2006 |
533.887MT |
Rs.1251.67Lakhs |
|
2002-2003 |
736 MT |
Rs.1305.67 Lakhs |
|
2003-2004 |
683 MT |
Rs. 895.05 Lakhs |
ACHEIVEMENTS
-
From the past four decades, MPVL is supplying indelible
ink to all over India.
-
Supply of paints to KSRTC buses from the past three
decades.
-
From the past nine years, MPVL is showing continuous
profit.
-
MPVL has supplied road marking paints to most of the
cities in Karnataka.
-
MPVL is one of the continuously Dividend paying company
in PSUs of Karnataka dividend paid company in Public
Sector.
|
PLAN OF ACTION & DEVELOPMENT PROGRAMME
-
Modernization at plant level in phased manner through
automation is being taken as a first step in order to
increase the production out-put in shortest duration, a
machine called ATTRITOR has been installed at the cost of Rs.
2.00 lakhs and being put to use. This Machine was
inaugurated by Hon'ble Minister Sri. R.V. Desponde, Large &
Medium Scale Industries, Government of Karnataka in the
month of June 2002.
-
The Company
has obtained ISO-9001/2000 Certification in the month of
July 2002.
-
The Company
has appointed a Paint Technologist on contract basis to
ensure quality of products.
-
The company
is exploring all possibility of exporting the product to
other countries more and more.
-
The Company
Sales Show Room which are situated in Bangalore and Mysore
are renovated and modernized for improving the sales.
-
The company
has proposed to extend its market network throughout State
and to the neighboring states also.
K.J SURESH
MANAGING DIRECTOR |
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