you are here:

Munoth Communication Ltd.

BSE: 511401 | NSE: | Series: NA | ISIN: INE410E01015 | SECTOR: Telecommunications - Equipment

BSE Live

Nov 29, 16:00
3.53 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
82
10-Day
255
30-Day
502
297
  • Prev. Close

    3.53

  • Open Price

    3.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Munoth Communication Ltd. is not listed on NSE
Company History - Munoth Communication Ltd.
Munoth Investments Ltd. (MIL) was incorporated at Madras on 27th
 April, 1984 and obtained the Certificate of Commencement of Business
 on 20th June, 1984.
 
 The Company has been carrying out business in the field of leasing
 and film financing since incorporation.  In Nov. 1992, the Company
 made a Public Issue of 18,00,000 Equity Shares of Rs. 10/- each for
 cash at par aggregating Rs. 180 lacs, mainly for the purpose of
 augmenting its long term resources for working capital, and enhancing
 the borrowing
 power, besides getting the Company's shares listed on the Stock
 Exchanges.
 
 The Company, which is a Non-Banking Finance Company, has gradually
 expanded its operations in traditional areas such as lease financing
 besides branching out into Merchant Banking, Bill Discounting,
 Syndication of Inter-Corporate Deposits (ICDs),  etc.  The Company is
 a SEBI registered Category I Merchant Banker.
 
 During the period January to December 1994, the Company acted as
 Co-Managers / Advisors to 9 Issues.  Underwriting support to the
 extent of Rs. 178 lacs was extended to 43 Issues.
 
 The Company has, during the last three years, extended to various
 clients, lease finance to the extent of Rs. 23.59 lacs, Rs. 61.61
 lacs and Rs. 501.38 lacs respectively.  The major clients to whom MIL
 has extended fund-based facilities include Shriram Transport Finance
 Ltd., Deve Sugars Ltd., Anubhav Foundations Ltd., Asian Securities
 Ltd., etc.
 
 In May 1993, MIL launched a novel concept called the 'Fund Finders
 Corporate Give n Take Club'.  The main objective of the club is to
 syndicate Inter-Corporate Deposits and other short-term sources of
 finance for corporate clients by providing a common meeting ground
 between lenders with surplus funds and borrowers with fund
 requirements. Initially started in Madras, the Club', which functions
 as a separate division of MIL, has 9 franchise centres located all
 over the country.  Some of the major clients of the 'Club' include
 Sakthi Sugars Ltd., Videocon Ltd., MAC Industries Ltd., SRF Finance
 Ltd., First Leasing Company of India Ltd., ITC Bhadrachalam Finance
 Ltd., Pentafour
 Software Ltd., Sri Kannapiran Mills Ltd., Premier Instruments &
 Controls Ltd., etc.  Till date, the Club had syndicated funds to the
 tune of Rs. 125 crores.
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects of the Company as detailed in its Memorandum of
 Association are as follows:
 
 1. To lend and advance money to entrepreneurs, promoters and
 Industrial concerns, film producers, film distributors, cinema
 exhibitors and to carry out hire purchasing, leasing or other
 financing activities for industrial, commercial, agricultural
 enterprises or individuals.
 
 2. To carry on and undertake business as financiers and capitalists,
 to finance operations such as managing, purchasing, improving,
 selling, letting on hire, leasing out on rent and dealing in all
 kinds of movable or immovable property, goods, machinery, chattels,
 motor-cars,
 motor buses, motor lorries, motor launches, ships, lands, buildings,
 bullions, gold and silver ornaments including precious stones,
 jewellery, stocks, shares, bonds and government bonds, domestic
 appliances and electrical, electronic and domestic goods.
 
 3. To carry on and become engaged in financial monetary business
 including leasing out properties and goods of any nature.
 
 4. To invest in, hold, acquire, and deal in shares, stocks, units,
 debentures, bonds, negotiable instruments, obligations and securities
 issued of guaranteed by any company, situated or carrying on business
 in India or elsewhere and debentures, bonds, debenture stock,
 obligations and securities issued or guaranteed by any government or
 authorities (supreme, national, local or municipal) 
 
 5. To acquire by purchase, lease, exchange or otherwise develop and
 turn to account any land, building, warehouses, shops, factories,
 commercial complex and/or any Interest therein and to carry out
 buainess of repairing, maintaining, constructing, re-constructing,
 re-structuring,
 re-modelling, renovating, furnishing, altering and decorating
 offices, factories, residential houses, flats, warehouses, shops,
 commercial complex, buildings, works and of consolidating,
 constructing or sub-dividing properties and of leasing or disposing
 of the same.
 
 6. To carry on and undertake the business of Portfolio Investments
 and management, for both individuals as well as large Corporate
 Bodies and/or such other bodies as approved by the Government, in
 Equity Shares, Preference Shares, Stock, Debentures (both convertible
 and non-convertible), Company Deposits, bonds, units, loans
 obligations and
 securities issued or guaranteed by Indian or Foreign Governments,
 States, Dominions, Sovereigns, Munici alitlee or Public Authorities
 and/or any other financial institutions and to provide a package of
 investments and Merchant Banking services by acting as manager to
 public
 issues of Securities, to act as underwriters, issue house and to
 carry on the business Registrars to Public Issues/various investments
 schemes and to act as Share Transfer Agents and as brokers to Public
 Issues.
 
 7. To carry on the business of an investment trust company and to
 invest in and/or promote and /or to establish in its own name or as a
 holding Company, or by entering into partnership with others, finance
 Companies and Brokerage Houses.
 
 8. To engage in acquisitions, amalgamations, venture capital and in
 all related merchant banking activities including loan syndication.
 
 SUBSIDIARY COMPANIES
 
 The Company has no subsidiaries as on date.  However, the Company
 proposes to invest Rs. 125 lacs from the proceeds of the Present
 Issue in the Equity Capital of Munoth Expoknit Ltd (MEL), the details
 of which have been given elsewhere.  Consequently MEL will become a
 wholly-owned
 Subsidiary of the Company.
 
 2003.
 
 -Munoth Investments enters into an agreement with DBTel Incorporated,
 Taiwan.
 
 2008
 
 -The Company designated the email i.d. exclusively for grievance
 redressal division / compliance officer.
 
 2010
 
 -The company has been launched a new Munoth mobile phones.