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Nivyah Infrastructure and Telecom Services Limited
Sector:Others Others - Miscella - Others
BSE:17534NSE:NIVINFRABloomberg:SVEL@INReuters:NIVY.BO
Market Lot: 1Face Value: 10ISIN Demat: INE303D01014
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07-Nov-2012
Business Profile
SV Electricals (SVELECT) is engaged in the manufacture of aluminum lamp caps and tungsten filaments used in general lighting service lamps. It was incorporated as a private limited company on Aug. 05, 1980 and was converted into a public limited company on Oct. 21, 1993.

Located in the Dewas district of Madhya Pradesh, the manufacturing unit has an installed capacity of 280 million electric lamp caps. Major clients of the company included Philips India, Sylvania Laxman, Surya Roshni, HMT, and Mysore Lamps. Products have been regularly exported to Southeast Asia, Middle East and Latin American countries. On account of its low profitability and obsolescence, the net worth of the company has eroded to serious levels, and the shareholders authorized the board to sell the entire assets situated at Dewas.

The registered office is at 3, Sodani Complex, 39, AB Road, Patwardhan Marg, Dewas-455001, Madhya Pradesh.


Financials
The company announced fall of 75.50% in standalone net profit on y-o-y basis to Rs 2.47 million, while total income fell 95.74% y-o-y basis to Rs 3.00 million for the quarter ended December 2011.

Recent Developments
07-NOV-12
Nivyah Infrastructure & Telecom Services ammounced that it has entered into a joint venture with Fivestar Broadband Services. This JV (Nivyah Fivestar Broadband Services) will be a subsidiary of the Company.



In Brief

 
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