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Bee Electronic Machines Limited
Sector:Others Others - Miscella - Others
BSE:17203NSE:NABloomberg:BEE@INReuters:BEEE.BO
Market Lot: 1Face Value: 10ISIN Demat: INE038E01014
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07-Dec-2007
Business Profile
Bee Electronic Machines (BEELE) is engaged in the business of selling and servicing office automation products. It was incorporated on Aug. 19, 1981.

The company sells office automation products and does after sales service within India. The photocopier machines are marketed in the domestic market under the brand name Bee Canon. It has a collaboration with Canon Inc., Japan for the manufacture of plain paper photocopying machines with units located in Wadkun, Dahanu Road; Tarapur, Maharashtra; and Nani Daman, Daman. Branch offices of the company are in Gujarat, Maharashtra and Karnataka. The Company has been declared as a sick industrial undertaking by BIFR. It has been suspended from BSE on account of non-compliance with listing agreement clauses.

The registered office of the company is located at 266, Dr. Annie Besant Road, Worli, Mumbai-400030.


Financials
Bee Electronic Machines registered a loss of Rs 0.96 million for the quarter ended September 2007.
Net sales declined 79.10% to Rs 0.37 million for the quarter ended September 2007 from Rs 1.77 million for the quarter ended September 2006.
Total income dipped 69.10% to Rs 0.55 million from Rs 1.78 million for the quarter ended September 2006. The loss per share of the company stood at Rs 0.3 for the quarter ended September 2007.

Recent Developments
22-MAR-06
The company had filed references with the honorable Board for Infrastructure and Financial Reconstruction (BIFR), New Delhi on account of the fact that the net worth of the company had eroded fully. The honorable BIFR at a recent hearing in New Delhi has declared the company u/s 3(1) of the Sick Industrial Companies (Special Provision) Act, 1985 as a sick industrial company.




In Brief

 
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