ANNUAL REPORT 11-2012
Your Directors are pleased to recommend dividend on Equity shares of the Company at the rate of Rs. 1/- each share.
Overview: Morganite Crucible India Limited is a subsidiary Company of Morgan Crucible Company Plc, a United Kingdom based group with its headquarters in London with total revenue of £1101 Million. Morgan Crucible business fall in two divisions i) Morgan Ceramics and ii) Morgan Engineered Materials. Morganite Crucible (I) Ltd. (MCIL) has business of Crucible, Crucible accessories, foundry consumables and allied products.
The Company has taken a loan from a company covered in the register maintained under Section 301 of the Act. The maximum amount outstanding during the year was Rs.107,821,565 and the year-end balance of such loan was Rs. 49,374,556.
(Management charges for the current year includes charges pertaining to previous year amounting to Rs.15,185,332.)