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Issue Date:May 21 2018 12:00AM     Price in Rs. R 6500    Price in USD. $ 100
    

Odisha based Magnum Sea Foods Limited (MSFL) is a merchant exporter of sea food, in operation since 2003. The company is engaged in processing and export of sea foods primarily black tiger prawns, shrimp and fish. MSFL exports to countries such as Belgium, Canada, Japan, Vietnam, with no country contributing more than 15% to the group’s total revenue during FY17 (Source: India Ratings).

 

The company Magnum Estates is a subsidiary of MSFL. This company produces farm fresh black tiger prawns, catering to both local and international markets; exporting to USA, Japan and European Union Countries. 

 

The Magnum Group is also in other businesses like fishing nets, BPO services, real estate via companies such as Magnum Fibres Pvt. Ltd, Magnum Telesoft Pvt. Ltd and Magnum Dream Homes Pvt. Ltd.  

 

The company was incorporated in Nov’87. It has currently has 6 directors:  Ramesh Mahapatra (chairman), Geetarani Padhee (managing director), Brahmananda Mishra, CV Padmarajan, Bibhuti Bhusan Mishra and Prasant Satpathy.

 

In FY2017, MSFL reported consolidated revenues (including Magnum Estates) of Rs 3.2B (USD 48m), a drop of 10% over the previous year. The company reported a net profit of USD1m. Stand alone revenues were Rs 2.27B (USD 34m).

 

See our detailed research report on Magnum for more info

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details

 

  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios

 

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