SALES TURNOVER OF SPMCIL FOR THE YEAR 2011-12 INCREASED TO RS. 3422.68 CRORE AS AGAINST RS. 3134.57 CRORE IN 2010-11; SPMCIL BECOMES A DEBT FREE COMPANY
October, 08th 2012
PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
SALES TURNOVER OF SPMCIL FOR THE YEAR 2011-12 INCREASED TO RS.
3422.68 CRORE AS AGAINST RS. 3134.57 CRORE IN 2010-11; SPMCIL BECOMES A
DEBT FREE COMPANY
New Delhi: Ashwin 9, 1934
Shri M.S. Rana, CMD, Security Printing and Minting Corporation of India Limited (SPMCIL)
said that sales turnover of the Company for the year 2011-12 has increased to Rs. 3422.68 crore
as against Rs.3134.57 crore in last year i.e. 2010-11. Profit after Tax (PAT) during the year has
increased to Rs. 582.46 crore as against Rs. 577.19 crore during the previous year. The PAT per
employee has increased toRs. 4.54 lakh resulting into an increase of 6% over the last year. He
informed further that the Company has achieved Excellent rating in MoU for the years 2009-10
& 2010-11 and is again poised for Excellent rating for 2011-12.
Shri M.S. Rana, CMD SPMCIL was
addressing the shareholders during the 7 Annual General Meeting of the company held on 27th
September 2012 at its Registered Office at 16th Floor, Jawahar Vyapar Bhawan, Janpath, New
Delhi. The seven Government officials representing President of India attended the meeting as
shareholders of the Company. Shri M.S. Rana, Chairman and Managing Director of the
Company in his speech to the shareholders informed that India Government Mints have achieved
highest production of circulating coins of 6282 mpcs in 2011-12 and Bank Note Presses have
produced 6541 mpcs of currency notes during 2011-12 which is 19.5% higher than last year.
Further, the Security Paper Mill, Hoshangabad has produced 2925 MT of CWBN paper during
2011-12 which is ever highest and India Security Press, Nashik has produced SPUs of 49822
mpcs which is 31.2% higher than the last year.
Shri Rana further informed in his speech that SPMCIL has
become a debt free Company after paying the last installment of Rs. 175 crore of the working
capital loan of Rs. 700 crore taken from Ministry of Finance during corporatisation. He said that
the Company has created reserves of Rs. 2370.33 crore as on 31st March 2012.
Shri Rana highlighted about modernization &
indigenization, R&D and CSR initiatives taken by the Company during 2011-12. He informed
that the Company is regularly complying with all statutory provisions and guidelines and
following ethical and transparent business practices.
In the aforesaid AGM, the Company approved the
payment of dividend to its shareholder, i.e. Government of India, of Rs.116.49 crore, which is
20% of its Profit after Tax (PAT). SPMCIL had paid maiden dividend of Rs.115.44 crore last
Security Printing and Minting Corporation of India Limited (SPMCIL) is a
Schedule `A', Miniratna Category-I CPSE, wholly owned by Government of India. The
Company incorporated on 13.01.2006 has nine units engaged in minting of coins and printing of
banknotes, passport, postal stationery, non-judicial stamp papers and other security documents &
security paper, etc. SPMCIL has registered growth in terms of production and profitability since
its incorporation. It has proved to be a successful example of corporatisation of erstwhile