Saturday, May 26, 2012

Micro Technologies Fixed Deposit

Micro Technologies India Limited, an IT company, is offering fixed deposit with interest rates up to 12.5% per annum. The company is a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software. Micro Technologies has a history of leading-edge security solutions products.

Interest rates and minimum amount:


Tenure
Minimum Amount
Interest Rates
Cumulative Schemes
Non-Cumulative Schemes
1 Year
Rs. 25,000
11.00%
11.00%
2 Year
Rs. 25,000
12.00%
12.00%
3 Year
Rs. 25,000
12.50%
12.50%


Interest is compounded quarterly and paid quarterly in case of non-cumulative schemes. Interest is subject to TDS unless Form 15G/H is submitted. Additional amount of deposits will be accepted in multiples of Rs 1000.

Eligibility:

Resident individuals, Domestic company, HUFs, Registered Trusts/Societies can apply.

Financial performance of the company:


Liabilities
As at 31-03-2011 (Rs.in crores)
As at 31-03-2010 (Rs.in crores)
Assets
As at 31-03-2011 (Rs.in crores)
As at 31-03-2010 (Rs.in crores)
Share Capital
13.92
12.82
Fixed Assets (Net)
292.74
252.52
Convertible equity shares warrants & Fully convertible debentures
21.42
3.66
Current Assets and Loans Advances
353.92
270.2
Reserves and Surplus
406.49
346.35
Investments
41.48
33.1
Secured Loan
79.28
44.51



Unsecured Loan
108.26
98.94



Deferred Tax Liability
6.41
3.83



Current Liabilities
52.36
45.71



Total
688.14
555.82
Total
688.14
555.82