Trust Stamp for WIMCO LIMITED


	WIMCO LIMITED

Registered Office

Address	1st Floor, Indian Mercantile Chambers K Marg, Ballard Estate, Mumbai - 400038, Maharashtra, India
Tel No:	91-22-56316600 / 56310828
Fax No.	91-22-66314525 / 56314513

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SUMMARY

Incorporated	1923/09/07
Registration No.	001082
Line of Business	Manufacturer of Safety Matches.

Status

Company is a well-established and reputed concern having satisfactory track records. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active.

Payments

Regular

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :

BSR and Company, Chartered Accountants

FACTORY WAREHOUSE

Factory [Matches]	Kalyan Badlapur Road, Ambarnath - 421 505, Thane District, Maharashtra, India
Tel No.	91-251-2682281/2683982
Fax No.	91-251-2682665/2681874
Factory [Matches]	Clutterbuckganj, Bareilly - 243 502, Uttar Pradesh
Factory [Matches]	Tiruvottiyur, Chennai-600019, Tamilnadu
Factory [Matches]	Alambazar, Kolkata - 700 035, West Bengal
Factory [Matches]	Amco Road Post Office, Dhubri - 783 323, Assam

LEGAL FORM

Public Limited Liability Company. Companys Shares are Listed on the stock Exchange

DIRECTORS

DIRECTORS
Name : Mr. H. N. Sethna
Designation : Chairman
Name : Mr. R. Gopal
Designation : Managing Director
Name : Mr. R. L Auddy
Designation : Director
Name : Mr. C. R. Dua
Designation : Director
Name : Mr. D. Dutta
Designation : Director
Name : Mr. S. Mathur
Designation : Director
Name : Mr. R. K. Singhi
Designation : Director
Name : Mr. R. Srinivasan
Designation : Director
Name : Mr. R. Tandon
Designation : Director

KEY EXECUTIVES
Name : Mr. Vikram Jain
Designation : Manager - Legal & Company Secretary
Audit Committee : Mr. H. N. Sethna
Audit Committee : Mr. R. L Auddy
Audit Committee : Mr. C. R. Dua
Audit Committee : Mr. D. Dutta
Audit Committee : Mr. R. Tandon
Name : Mr. Surendra Sipani
Designation : Head of Finance
Name : Mr. L. B. Singh
Designation : Vice President Sales and Head of Marketing
Name : Mr. A. Saha
Designation : Vice President - Human Resources
Date of Birth : 47 years
Qualification : B. Sc., MA (Eco), M.A. (PM and IR)
Experience : 22 years
Name : Mr. C. R. Sivaramakrishnan
Designation : Vice President Financial Control
Date of Birth : 43 years
Qualification : B. Com, C.A.
Experience : 15 years
Name : Mr. A. Mukhrjee
Designation : General manager Finance
Name : Mr. Vikram Jain
Designation : Manager Legal and Company Secretary
Name : Mr. Anshul Kumar Jain
Designation : Company Secretary
Name : Mr. Cherian George
Designation : Vice President Finance
Date of Birth/Age : 58 Years
Qualification : C. A.
Experience : 31 Years
Date of Appointment : 1975/05/15

PRODUCTS DETAILS

Products:
Product Description Item Code No:
Matches 3605000110
Machinery 84223000
Cardboard matches
40 matchsticks of 42mm/matchbox
50 matchsticks of 42mm/matchbox
50 matchsticks of 47mm/matchbox
240 matchsticks of 47mm/matchbox
Veneer matches
50 matchsticks of 42mm/matchbox
Matchbox with Veneer Inners
Matchbox with Cardboard Inners
40 matchsticks of 38mm/matchbox
Matchbox with Veneer Inners
Wax matches
40 matchsticks of 29mm/matchbox
40 matchsticks of 32mm/matchbox
50 matchsticks of 32mm/matchbox
35 matchsticks of 27mm/matchbox

PRODUCTION DETAILS

PRODUCTION STATUS (31.03.2008)
Particulars Unit Licensed Capacity Installed Capacity Actual Production
Matches Million Boxes 5000 5000 (on 3 Shift basis 300 working day) 4540
Machines Numbers 67

BANKERS

Bankers :
ABN AMRO BANK N.V.

AUDITORS

Name :

BSR and Company, Chartered Accountants

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 1984.253 1742.653 1403.684
Other Income 69.091 21.365 35.449
Total Income 2053.344 1764.018 1439.133
Profit/(Loss) Before Tax 73.326 72.587 (125.329)
Provision for Taxation 9.962 3.850 6.117
Profit/(Loss) After Tax 63.364 68.737 (131.446)
Earnings in Foreign Currency :
Export Earnings 44.901 8.482 0.028
Commission Earnings 0.000 0.000 4.371
Total Earnings 44.901 8.482 4.399
Imports :
Raw Materials 16.516 52.473 25.288
Capital Goods 3.150 16.964 0.000
Total Imports 19.666 69.437 25.288
Expenditures :
Cost of Trading Product 31.913 42.461 35.412
Cost of Seeds 0.319 0.000 0.000
Raw Material Consumed 1216.646 955.056 683.664
Increase/(Decrease) in Finished Goods (63.121) 17.225 52.154
Employee Costs. 325.351 277.674 340.972
Other cost 429.455 363.878 406.794
Interest 1.346 10.736 21.964
Depreciation & Amortization 38.109 24.401 23.502
Total Expenditure 1980.018 1691.431 1564.462

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
550000000 Equity Shares Re.1 /- each Rs.550.000 Millions
9300000 Preference Share Rs.100/- each Rs.930.000 Millions
Total Rs. 1480.000 Millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
94230000 Equity Shares Re.1/- each Rs. 94.230 Millions
6000000 Preference Shares Rs.100/- each Rs. 600.000Millions
Total Rs. 694.230 Millions

Note:Of the above:A] Pursuant to the provisions of section 100 of the companies Act, 1956, Articles of the Articles of Associates of the company and high Court order dated February 11, 2005, the issued, subscribed and paid up capital of the company has been reduced from Rs.1040.000 Millions to Rs.572.000 Millions by reducing the paid up value of Equity Shares by Rs.9 per Equity Shares and the amount so cancelled has been utilized for reducing the accumulated losses as at March 31, 2004 to the extent of Rs.468.000 Millions. To give effect to the above, the composition of the Authorised Capital has been modified from 55000000 Equity Shares of Rs.10 each to 550000000 Equity Shares of Re.1 each.B] 43908340 Equity shares have been allotted as fully paid up pursuant for consideration other than cash.Of the Equity Shares:I] 1250000 Equity shares have been allotted pursuant to the scheme of amalgamation of the Assam Match Company Limited with the company.II] 42230000 Equity shares have been allotted pursuant to the scheme of amalgamation of Wimco Boards Limited with the company.III] 120000 and 80000 Equity shares have been allotted pursuant to the agreement with ICICI Bank Limited and trustee of debenture holders respectively.C] 4250000 Equity shares have been allotted as fully paid by way of bonus shares by capitalization of reserves.D] 91238170 Equity Shares of Re.1 each and 6000000, 5% Redeemable Cumulative Preference Shares of Rs.100 each are held by Russell Credit Limited, the holding company. Out of these, 500000 Preference Shares will be due for redemption on or before March 15, 2009.E] 5200000, 0.05% Redeemable Cumulative Preference Shares of Rs.100 each have been redeemed during the year out of fresh issue of 5% Redeemable Cumulative Preference Shares of Rs.100 each fully paid up.

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