Meera Industries Limited
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Company Info: Meera Industries Limited is engaged in manufacturing of textile machines such as winding, twisting, cabling machines and heat setting. The products of the company are sold under the brand name “ Meera”. The company exports the products to continents like America, South America, Africa, Europe and Asia. Meera Industries also cater to the domestic market. The manufacturing unit is located at Surat, Gujrat. An R&D centre approved by DSIR is also located in this manufacturing unit.
Date of incorporation: The company was incorporated in the year 2006
Promoters of the company: The promoters of the company are Dharmesh V. Desai and Bijal D. Desai
Object of the issue:
Funding of Working capital requirements
General corporate purpose
Issue Expense
To purchase additional plants and machineries for existing manufacturing facilities
Setting up of new yarn division
Strengths of the company:
Timely order execution
Manufacturing unit at a prime location
Cost effective products
A balance sheet with zero debts
In-house manufacturing and R&D unit
Company Financials:
Particulars | 31 March, 2019 | 31 March, 2018 | 31 March, 2017 |
Total Income | 3,531.07 | 2,156.63 | 1,349.02 |
Total Expense | 2,916.61 | 1,809.95 | 1,188.45 |
Profit After Tax | 451.80 | 255.12 | 125.31 |