Maximaa Systems develops new product for storage industry

Maximaa Systems Ltd has announced that the Company through it's advanced Research and Development has been successful in developing a new product for the storage industry. This is a path-breaking achievement as it is the first of its kind Electrical and Mechanical Mobile System. This manufacturing process has been developed 'in-house' by the Company and the product has been well accepted in the market promising better returns to the Company, particularly as it is the only supplier of the product. Some of the features of the systems are as follows:

- Saves space & accurate retrieval of documents.

- Easy identification and better storage.

- Better security - Automatically locks with wrong entries.

- Master Key to over ride in case of emergency and many more.

Further, recently the management has introduced younger, fresh generation team to manage the affairs of the Company. The Company has already executed some of the prestigious orders from M/s. Sun Pharma Ltd., Dr. Reddy's Laboratories Ltd., M/s. Zydus Cadila Health Care Ltd., M/s. Claris Life Science Ltd., M/s. Owens Corning Ltd., M/s. Advance Biochem, M/s. Mahindra & Mahindra Ltd., M/s. Pantaloon Retails Ltd. and many more in FY07. All this appears to be successful as in the year ended 2007, the Company has made a positive cash profit for the first time since March 31, 2002.

The Company has been continuously improving its performance. It is leveraging its fundamental strengths to deliver shareholder value and this is an ongoing priority.

Further, the Company has received some prestigious and remarkable domestic orders from the following Companies:

1. M/s. Micro Inks Ltd. Vapi.
2. M/s. Euro Ceramics Ltd. Bachau
3. M/s. Medley Pharma Ltd. Jammu.

The Company plans capital expenditure of about Rs 600 million over the next two years. This will comprise an investment towards expanding its manufacturing capacities and also towards capacity expansion of its Steel furniture and storage systems categories.

Source : Equity Bulls

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