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MAIL achieved a net profit for the year
2006-07 after a gap of 9 years
-
Takeover of Bharuch Unit from SONIC /
SOTEX
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Largest watch strap manufacturer in India
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Set up new coating canter facility at
Hosur to cater to Titan requirements
-
Plans to set up coating canter facility
at Parwanoo to cater to Northern area
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Set up joint venture company UCT INDIA
LTD in India with technical collaboration of UCT Inc,
USA.
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UCTIL will have specialised coating suitable
for Defense and other applications.
-
Developed Non Gold coating applicable
to Pen parts and other applications such as Surgical Instruments,
Hardware etc.
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Did preferential issue of Rs 19 crore
in 2006 at a premium of Rs 62 to augment working capital
- Did preferential issue of Rs 7 crore in
2007 at a premium of Rs 29 to augment working capital
