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 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.
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
|
