A. BUSINESS HIGHLIGHTS :
Turnover:
Mig Media Neurons Limited has turnover of Rs. 12486863.94/- in financial year 2018-19
against Rs. 58,11,463.03 of the previous year.
Employee Benefit Expenses:
Employees emoluments (other than managerial remuneration) are Rs. 7,50,000.00 during
the year as against Rs.7,70,500.00 during the previous year.
Administrative and Other Expenses:
Major components of administrative and other expenses includes printing and stationary,
audit fees, advertisement expenses, postage and stamps, listing fees, insurance premium
etc. Administrative and other expenses for the year amounted to Rs.1,02 ,68,500.47 as
against Rs. 43,89 ,946.23 during the previous year.
Bank Charges and Finance Cost:
Bank charges and finance cost during the year come to Rs. 3484.5 as against Rs.
18,251.48 during the previous year.
Depreciation:
Depreciation charge for the current year came to Rs. 1,16,533.00 as against Rs.
1,54,520.00 of the previous year.
Provision for Tax:
The Company has made provision towards current tax of Rs. 1,21,713.00. In the previous
year the Company had loss so there was no provision for tax in that year. As there is no
dividend payable this year, the company has not provided any amount for dividend
distribution tax.
Profit/Loss after Tax:
The Company has made profit in the current year of Rs. 4,63 811.97, as against loss of
Rs. (7,64 ,338.68) during the previous year. The Directors are expecting more growth the
future.
Earnings per Share:
Basic and diluted earnings per share for the current year worked out to Rs. 0.58 as
against Rs. (0.96) during the previous year.
Financial Condition:
Non Current Liabilities:
The company has not accepted/taken any loan during the year 2018-19 as well as in the
year 2017-18.
Current Liabilities:
Companys Current Liabilities includes Trade payables and Other Current Liabilities
which are amounting to Rs. 18,78,298.52 as at 31st March 2019 against Rs. 58,07,839.00 of
the previous year.
Fixed Assets:
Net block of the fixed assets at the end of the year is Rs. 44,34,230.73 as against Rs.
45,25,863.73 in the previous year.
Long Term Loans and Advances:
There were no Long Term loans and advances during the year.
Current Assets:
During the year, the Company has current assets of Rs. 66,01,486.40 against Rs.
99,75,581.91 of the previous year.
B. SEGMENT WISE PERFORMANCE :
The company is operating in only one segment i.e. Convention and trade show assistance
and organization services. Our company has performed well as compared to the previous
year.
C. AN INDUSTRY OVERVIEW :
The management has worked for improvement of the companys working compared to the
previous year and is expecting fast growth in the near future.
We want to create Long Lived Physical Recognition for Business Community of Gujarat and
India. To Create Awareness and Promote Brand GUJARAT and BRAND INDIA across the Globe, We
organize Series of Trade Shows worldwide as Made in Gujarat & India Business Trade
Show.
We make sure the success of participation by selecting Thriving Business Locations like
Dubai, Africa, Singapore, Hannover — Germany, USA, Japan, Malaysia, North America, UK
and Hong Kong internationally.
D. MMNL IS WORKING ON THE BASIS OF SWOT ANALYSIS OPPORTUNITIES AND THREAT
At MMNL, We Believe in Creating Opportunities.
We at MMNL create opportunities for Business of Gujarat, Gujarat State and our selves.
In middle of every difficulty lies an OPPORTUNITY.
Businesses are always driven by opportunities and threats accompanying these
opportunities. We at MMNL minimize the threats at maximum with our well placed and
balanced systems, infrastructure, manpower and management.
E. RISK AND CONCERN
When we STOP taking RISKS, we STOP living LIFE. The real RISK is to do Nothing.
We at MMNL are industrious and go getters. MMNL has always created new paths and
ventured into unexplored avenues with thorough desktop analysis, reviews, physical ground
work and its support system.
Company is conscious of the need to have an effective monitoring mechanism and has put
in place appropriate measures for its mitigation including business portfolio risk,
financial risk, legal risk and internal process risk.
Practice like you have never won. Perform like you have never lost.
F. INTERNAL CONTROL SYSTEM
The Companys internal control systems are commensurate with the nature of its business
and the size and complexities of its operations. These systems are designed to ensure that
all assets of the Company are safeguarded and protected against any loss and that all
transactions are properly authorized, recorded and reported.
G. HUMAN RESOURCES
It is our Companys belief that people are at the heart of corporate purpose and
constitute the primary source of sustainable competitive advantage. Particularly in the
Securities Market, your Company gives significant importance to its human capital and is
dedicated for continuous enhancement of their skills and knowledge by way of training and
supervision. Your Companys belief in trust, transparency and teamwork improved employee
productivity at all levels.
100% of customers are people. 100% of employees are people. 100% of business is people.
We understand people. We understand business.
Customers will never love a company until the employees love it first. Our growth
partners – our employees love our company. And so do our customers.
DISCLOSURES
During the year the Company has not entered into any transaction of material nature
with its promoters, the directors or the management, their subsidiaries or relatives etc
that may have potential conflict with the interest of the Company at large.
All details of transaction covered under related party transaction are given in the
notes to account.
CAUTIONARY STATEMENT
Statement in this Management Discussion and analysis describing the Companys
objective, projects, estimates and expectations may be forward looking statement within
the meaning of applicable laws and regulations. Actual results may vary significantly from
the forward- looking statements contained in this document due to various risks and
uncertainties. Several factors could make a significant difference to the Companys
operations. These include economic conditions, Government regulations and Tax Laws,
Political situation, natural calamities etc. over which the Company does not have any
direct control.
| By Order of the Board |
| For MIG MEDIA NEURONS LIMITED |
| Sd/- |
| Rushikesh N Bhavsar |
| Managing Director |
| DIN: 03393555 |
GENERAL SHAREHOLDER INFORMATION
EIGHTH ANNUAL GENERAL MEETING:
Date: 22nd Day of July, 2019 Time: 11.30 A.M.
Venue: A-402/403, Shapath Hexa, Opp. High court of Gujarat, Near Kargil Petrol Pump, S.
G. Highway, Ahmedabad – 380060, Gujarat.
LISTING OF EQUITY SHARES ON STOCK EXCHANGES:
National Stock Exchange Limited, Mumbai-SME ITP SEGMENT (NSE Emerge),
Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai
-400051, Maharashtra.
Annual listing fees for the year 2019-2020, as applicable, will be paid to the National
Stock Exchange Limited shortly. The Company has paid Annual Custodial Fees for the year
2019-20, as applicable, to Central Depository Services (India) Limited [CDSL] and is paid
to National Securities Depository Limited [NSDL] as soon as the bill has been received by
the Company from NSDL.
| STOCK CODE: |
|
| National Stock Exchange Limited (NSE EMERGE-ITP) |
: MMNL |
| Demat ISIN Number in NSDL & CDSL for Equity Shares |
: INE702S01015 |
MEANS OF COMMUNICATION:
The Company regularly intimates half yearly un-audited as well as yearly audited
financial results to the Stock Exchanges, immediately after the same are taken on record
by the Board. These results are normally published to NSE SME PLATFORM (NSE EMERGE-ITP) as
well on the website of the company.
ANNUAL GENERAL MEETINGS:
Location, Date and Time for last three Annual General Meetings were as follows:
| Year |
Location |
Date |
Time |
| 2015-16 |
At registered Office of the Company |
22/09/2016 |
01.30 p.m. |
| 2016-17 |
At registered Office of the Company |
29/09/2017 |
11.30 a.m. |
| 2017-18 |
At registered Office of the Company |
07/09/2018 |
11.30 a.m. |
INVESTORS COMPLAINTS DETAILS:
Quarter-wise Summery of Investors Complaints received and resolved to the satisfaction
of the shareholders during the financial year 2018-2019.
| Quarter Period |
|
Complaints Position at the beginning of the quarter |
Complaints received during the quarter |
Complaints resolved during the quarter |
Complaints pending at the end of the quarter |
| From |
To |
|
|
|
|
| 01/04/2018 |
30/06/2018 |
0 |
0 |
0 |
0 |
| 01/07/2018 |
30/09/2018 |
0 |
0 |
0 |
0 |
| 01/10/2018 |
31/12/2018 |
0 |
0 |
0 |
0 |
| 01/01/2019 |
31/03/2019 |
0 |
0 |
0 |
0 |
|
Total |
0 |
0 |
0 |
0 |
| Complaint pending at beginning of the year = 0 |
| Complaint received during the year = 0 |
| Complaint resolved during the year = 0 |
| Complaint pending at the end of the year = 0 |
SHARE TRANSFER / DEMAT SYSTEM:
All the shares related work is being undertaken by our R & T Agent, Bigshare
Services Private Limited, Mumbai. To expedite the process of share transfer, transmission,
split, consolidation, re-materialization and de-materialization etc. of securities of the
Company, the Board of Directors has delegated the power of approving the same to the
Companys R
& T Agent under the supervision and control of the Compliance Officer Mrs. Monali
Maheshwari, who is placing a summary statement of transfer / transmission etc. of
securities of the Company at the meeting of the Board.
Share lodged for transfer at the R & T Agents address are normally processed and
approved within 15 days from the date of its receipt, subject to the documents been valid
and complete in all respect. The investors / shareholders grievances are also taken-up by
our R & T Agent.
The Company has obtained and filed with the Stock Exchange(s), the half yearly
certificates from a Company Secretary in Practice as required Clause 40(9) & 40(10) of
the SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
DE- MATERIALIZATION OF SHARES AND LIQUIDITY:
The Companys Shares are in compulsory Demat mode and as on 31st March, 2019 all the
shares i.e. 100% Equity shares of the company are held in dematerialized Form.
OUTSTANDING GDR/DR/WARRANTS OR ANY CONVERTIBLE INSTRUMENTS - Not applicable.
DISTRIBUTION SCHEDULE AND SHAREHOLDING PATTERN AS ON 31ST MARCH, 2019
Distribution Schedule:
| SHAREHOLDING OF NOMINAL RS. |
No. of Shareholders |
% of Total |
Shares Amount Rs. |
% of Total |
| 1 - 5000 |
5 |
62.5 |
8,360 |
1.045 |
| 5001 - 10000 |
- |
- |
- |
- |
| 10001 - 20000 |
- |
- |
- |
- |
| 20001 - 30000 |
- |
- |
- |
- |
| 30001 - 40000 |
- |
- |
- |
- |
| 40001 - 50000 |
- |
- |
- |
- |
| 50001 - 100000 |
- |
- |
- |
- |
| 100001 - 9999999999 |
3 |
37.5 |
7,91,640 |
98.955 |
| Total |
8 |
100% |
8,00,000 |
100% |
Shareholding Pattern:
| Sr. Category |
As on March 31, 2019 |
As on March 31, 2018 |
| No. |
Nos. of Shares held |
Voting Strength % |
Nos. of Shares held |
Voting Strength % |
| 1 Promoters |
7,91,640 |
98.955 |
7,95,640 |
99.455 |
| 2 Mutual Fund & UTI |
0 |
0 |
0 |
0.00 |
| 3 Bank, Financial Institutions (FIs), |
0 |
0 |
0 |
0.00 |
| Insurance Companies |
|
|
|
|
| 4 Foreign Institutional Investors (FIIs) |
0 |
0 |
0 |
0.00 |
| 5 Private Bodies Corporate |
0 |
0 |
0 |
0.00 |
| 6 Indian Public |
8,360 |
1.045 |
4,360 |
0.545 |
| 7 Clearing Member |
0 |
0 |
0 |
0.00 |
| 8 Others (Non Resident Indians) |
0 |
0 |
0 |
0.00 |
| Total |
8,00,000 |
100.00 |
8,00,000 |
100.00 |
Address for correspondence:
| a) Investor Correspondence for |
BIG SHARE SERVICES PRIVATE LIMITED |
| transfer / de-materialization of shares and any other query relating to the shares of
the Company. |
4E/8, First Floor, Jhandewalan Extension, |
|
New Delhi - 110055 |
|
(O) + 91-011-23522373 email: bssdelhi@bigshareonline.com |
| b) Any other query and Annual Report |
Secretarial Department |
|
A-402/403, Shapath Hexa, |
|
Opp. High court of Gujarat |
|
Nr. Kargil Petrol Pump, S.G Highway, |
|
Ahmedabad- 380060. |
|
Email: madeingujarat.cs@gmail.com |
RECONCILIATION OF SHARE CAPITAL AUDIT REPORT:
The Reconciliation of Share Capital Audit Report of the Company prepared in terms of
SEBI Circular No. D&CC/FITTC/CIR-16/2002 dated December 31, 2002 reconciling the total
shares held in both the depositories, viz NSDL and CDSL with the total issued / paid-up
capital of the Company were placed before the Board of Directors half yearly and also
submitted to the National Stock Exchange – SME (EMERGE -ITP) half yearly.
COMPLIANCE BY THE COMPANY:
The Company has mostly complied with the mandatory requirements of the Listing
Agreement with the National Stock Exchange – SME (EMERGE-ITP), regulations and
guidelines of SEBI (LODR), Regulation 2015. Further, during last three years, no penalties
or strictures are imposed on the Company by the Stock Exchange or SEBI or any statutory
authority, on any matter related to capital markets.
| Regd. Office: |
By Order of the Board |
| A-402/403, Shapath Hexa |
For, MIG MEDIA NEURONS LIMITED |
| Opp. Highcourt of Gujarat |
|
| Near Kargil Petrol Pump, S. G. Highway, |
|
| Ahmedabad– 380060, |
|
| Gujarat |
|
|
Sd/- |
Sd/- |
|
Rushikesh Bhavsar |
Naranbhai Bhavsar |
| Date: 11th June, 2019 |
Chairman and Managing Director |
Director |
| Place: Ahmedabad |
DIN: 03393555 |
DIN: 03605149 |
+91-9892691696
