Mideast (India) (Delisted) results and financials
BSE: 500278Commercial Services & Supplies
Mideast (India) Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Delisted on 24 Feb 2023.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Oct 2021
18 Oct · Statement Of Investor Complaints For The Quarter Ended September 2021 (Revised)
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0 0 0 018 Oct · Statement Of Investor Complaints For The Quarter Ended September 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0 0 0 0
Mar 2021
12 Mar · Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Amendments Regulations, 2018
Feb 2021
Q3 results, quarter to Dec 2020
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹0.05 Cr+9.8% on a year ago · −64.8% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹0.00 Cr−72.1% on a year ago
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹0.02 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹0.00−100.0% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating margin
- 10.7%
- Net margin
- −46.7%
From revenue to net profit, ₹ crore
- Revenue0.0
- Employee costs0.0
- Other expenses0.0
- Operating profit0.0
- Depreciation0.0
- Finance costs0.0
- Profit before tax0.0
- Net profit0.0
Mideast (India) results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2020. Results for the quarter to Mar 2021 were due by 30 May 2021, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹2.79 Cr, quarter to Sep 2019; lowest ₹0.00 Cr, quarter to Jun 2018A loss in the quarter to Dec 2020, −₹0.02 Cr
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018Q1 | Sep 2018worked out | Dec 2018Q3 | Mar 2019 | Jun 2019Q1 | Sep 2019 | Dec 2019Q3 | Mar 2020 | Jun 2020Q1 | Sep 2020 | Dec 2020Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0what Revenue from operations, Sep 2018, includes. Not filed on its own: worked out as the nine months to Dec 2018 the company filed, less the three months to Jun 2018 and the three months to Dec 2018. | 0 | – | 0 | 3 | 0 | 2 | 0 | 0 | 0 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | 6,477 | – | 0 | – | – | – | 0 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | 0 | – | – | – | – | – | – |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | 730 | – | 0 | – | – | – | 0 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | 5,747 | – | 0 | – | – | – | 0 |
| Operating profit before depreciation | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | −6,477 | – | 0 | – | – | – | 0 |
| Operating margin | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 42.0% | – | – | – | 10.7% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 2,600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 13,103 | 3 | 0 | 2 | 0 | 0 | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | – | – | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 115 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 3,910 | 3 | 0 | 2 | 0 | 0 | 0 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | – | – | 0 | 0 | 0 | – | 0 | – | – | – | – | – | – |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 3,910 | 3 | 0 | 2 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 2,100 | 1 | – | 0 | 0 | 0 | – | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 0.0% | 31.3% | 0.0% | – | 23.9% | 36.6% | 30.8% | −5.3% | 0.0% | 28.2% | 14.1% | – | 53.7% | 20.6% | – | 21.0% | 6.9% | 7.6% | – |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 1,810 | 2 | 0 | 1 | 0 | 0 | 0 |
| Net margin | – | – | – | −90.4% | 33.3% | 47.7% | 59.4% | 53.2% | – | – | – | – | – | 76.1% | −22.0% | 75.3% | 70.1% | 75.8% | −46.7% |
| Earnings per share | – | – | ₹0.01 | −₹0.04 | ₹0.01 | ₹0.02 | ₹0.02 | ₹0.02 | ₹0.01 | – | ₹0.02 | – | ₹0.00 | ₹0.42 | ₹0.00 | ₹0.25 | ₹0.02 | ₹0.02 | ₹0.00 |
Earnings per share in rupees, restated for later splits and bonuses. The quarter to Mar 2019 is not shown: its results were filed at the wrong scale, a power of ten off the company's own year-to-date figures.
4 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹4.65 Cr, year to Mar 2020; lowest ₹0.54 Cr, year to Mar 2017
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2020
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue4.7
- Depreciation−0.1
- Other income+4.7
- Finance costs0.0
- Profit before tax4.3
- Tax−0.9
- Net profit3.4
Profit and loss
Standalone, ₹ crore, years to March. The year to Mar 2019 is not shown: its results were filed at the wrong scale, a power of ten off the company's own year-to-date figures. The last column is the twelve months to Dec 2020, the latest four quarters added.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020Twelve months |
|---|---|---|---|---|---|
| Revenue from operations | 0.54 | 0.74 | – | 4.65 | 2.02 |
| Depreciation and amortisation | 0.06 | 0.10 | – | 0.10 | 0.10 |
| Other income | 0.54 | 0.74 | – | 4.65 | – |
| Finance costs | 0.00 | 0.00 | – | 0.00 | 0.00 |
| Profit before tax | 0.17 | 0.46 | – | 4.34 | 1.81 |
| 0.15 | 0.11 | – | 0.89 | – | |
| Current tax | – | 0.17 | – | – | – |
| Deferred tax | – | −0.06 | – | – | – |
| Net profit | 0.02 | 0.35 | – | 3.44 | 1.46 |
| Net margin | 3.6% | 47.4% | – | 74.0% | 72.2% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2017, Mar 2018 and Mar 2020: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest.
Ratios
Standalone, years to March.
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | 39.1% | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | 1,757.9% | – | – |
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.
| Measure | 3 years |
|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 105.6% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 465.9% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 60.7% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 88.76 | 23.92 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Business segments
In the year to Mar 2020 the company reports one business segment, LEATHER, which carries all its revenue.
Company details
- BSE code
- 500278
- ISIN
- INE844X01015
- Industry
- Commercial Services & Supplies
- Website
- www.mideastindialtd.com
- CIN
- L63090DL1977PLC008684
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1977
- Registered office
- Shop No. 158, Defence Colony,, Flyover Market, (North of Railway Line),, Near Neurela Restaurant, New Delhi 110024, Delhi
- Share registrar
- Skyline Financial Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments