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Mirza International Ltd.

BSE: 526642 Sector: Others
NSE: MIRZAINT ISIN Code: INE771A01026
BSE 00:00 | 03 Mar 54.75 0.45
(0.83%)
OPEN

54.35

HIGH

55.80

LOW

54.35

NSE 00:00 | 03 Mar 54.80 0.40
(0.74%)
OPEN

54.60

HIGH

55.80

LOW

54.00

OPEN 54.35
PREVIOUS CLOSE 54.30
VOLUME 67569
52-Week high 64.00
52-Week low 27.35
P/E 119.02
Mkt Cap.(Rs cr) 659
Buy Price 54.50
Buy Qty 1476.00
Sell Price 54.75
Sell Qty 424.00
OPEN 54.35
CLOSE 54.30
VOLUME 67569
52-Week high 64.00
52-Week low 27.35
P/E 119.02
Mkt Cap.(Rs cr) 659
Buy Price 54.50
Buy Qty 1476.00
Sell Price 54.75
Sell Qty 424.00

Mirza International Ltd. (MIRZAINT) - Company History

Mirza Tanners(MTL) promoted by Irshad Mirza and Rashid Mirza in 1979 is into manufacture of finished leather shoe uppers shoes and leather accessories. The company tapped the capital market in Sep 1994.The company to set up a factory to manufacture 6 lac pairs of shoe uppers and 4.5 lac pairs of shoes pa at Shahjani-Unnao UP to increase the capacity of the tannery units from 50 lac sq ft to 60 lac sq ft of finished leather pa at Magarwara-Unnao UP.MTL has established itself as a high-quality shoes supplier catering to the premium segment of the market. It has supplied shoes to the Hush Puppies division of British Shoe Corporation and to reputed brand names -- Oliver Timpson of the Oliver group UK; Saxone of Clarks shoes Australia; etc. In the past it has received two export awards of council for leather export for its outstanding performance and unit value realisation among leather footwear exporters. In 1996-97 it allotted bonus shares in the proportion of 1:1 by capitalisation of share premium account.About 85% of the shoes manufactured by the company are exported. It has commenced sale of footwear under its own brands Red Tape and Oakridge and these have received encouraging response.Having established a national presence in the country Red Tape the flagship brand of Mirza Tanners Ltd is on an aggressive expansion drive adding new styles and exploring new markets in 2001.The Company bagged three export awards from the Council for Leather Exports for outstanding export performance for the year 1999-2000. After the successful launching of Double Density PU shoes the company added a second plant at its Noida Factory doubling the capacity. The Company is expecting a substantial increase in this new range of footwear. During 2001-02 the company issued on private placement basisSecured Redeemable NCD with a face value of Rs.5 crores.MTL is contemplating of restructuring of Group operations and has appointed Price Waterhouse Coopers (P) Ltd to examine various options.

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