Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: articles on VAT and GST in India :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Latest Circulars »
 Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review
 RBI-Issuance of Rupee Denominated Bonds (RDBs) Overseas
 Inclusion of “Suryoday Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
  Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
 RBI to regulate peer-to-peer lending firms
  Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Auction for Sale (Re-issue) of Government Stock (GS)
 RBI-Auction of Government of India Dated Securities September 18, 2017
 RBI releases Handbook of Statistics on the Indian Economy 2016-17
 Sources of Variation in Foreign Exchange Reserves in India during April-June 2017

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
                                                                October, 2012

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
                                         th
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
year.
            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
Government units.


                                                *****
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions