MERINO INDUSTRIES LTD
Merino Industries Limited is a public incorporated on 29 July 1965 and was commissioned by the late Man Kumar Lohia and his brothers. It is classified as a non-government company and registered at Registrar of Companies, Kolkata. Its authorized share capital is Rs. 170,000,000 and its paid up capital is Rs. 103,696,000. It is involved in other wholesale including specialized wholesale not covered in any one of the previous categories and wholesale in a variety of goods without any particular specialization.
Merino Industries Limited's Annual General Meeting (AGM) was last held on 23 September 2019 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2019.
Directors of Merino Industries
Limited are Prakash Lohia, Champalal Lohia, Sisir Kumar Chakrabarti, Madhusudan Lohia, Nripen Kumar Dugar, Bikash Lohia, Bama Prasad Mukhopadhyay, Prasan Lohia, Rup Chand Lohia, Gautam Bhattacharjee and Ruchira Lohia.
Merino Industries Limited's Corporate Identification Number is (CIN) U51909WB1965PLC026556 and its registration number is 26556.Its Email address is merinokol@merinoindia.com and its registered address is 5, ALEXANDRA COUR, 60/1, CHOWRINGHEE ROAD KOLKATA WB 700020 INDIA.
OUR PERFORMANCE
HIGHLIGHTS, FY 2020-21
Financial
Net revenues de-grew 12% to H176.84 Crore compared to an increase of H1.60 Crore in FY 2019-20
EBIDTA grew 5.37% to H12.83
Crore compared to a degrowth of H21.81 Crore in FY 2019-20.
PAT grew 1.87% or H2.42 Crore against a degrowth of H11.39 Crore in FY 2019-20
Products
Laminate revenues de-grew 14% or H169.73 Crore compared with H4.40 Crore in FY 2019-20
Non-laminate revenues de-grew 11% or H34 Crore
compared to a growth of H10.68 Crore in FY 2019-20
Business health
EBIDTA margin grew 320 bps to 19.41% from 16.21% in FY
2019-20
FINANCIAL HIGHLIGHTS
The financial highlights of your Company for the financial year ended 31st March 2021 are as under:
(Amount ₹ in Lakhs)
| Particulars |
31st March 2021 |
31st March 2020 |
| Revenue from Operations |
1,29,688.30 |
1,47,372.22 |
| Other Income |
4,197.51 |
1,849.76 |
| Total Revenue |
1,33,885.81 |
1,49,221.98 |
| Earnings before Interest, Tax & Depreciation and Amortization (EBITDA) |
25,177.77 |
23,895.06 |
| Less: Depreciation and Amortization expense |
5,668.62 |
5,878.49 |
| Earnings before Interest & Tax (EBIT) |
19509.15 |
18016.57 |
| Less: Finance Cost |
1,816.97 |
2100.31 |
| Profit before Tax (PBT) |
17,692.18 |
15,916.26 |
| Less: Tax Expense |
4,506.35 |
2,972.79 |
| Profit after Tax (PAT) |
13,185.83 |
12,943.47 |
COVID-19 PANDEMIC
The outbreak of Coronavirus (COVID-19) pandemic globally and in India has created a significant disturbance and economic slowdown globally. In many countries, businesses are being forced to cease or limit their operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, physical distancing and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.
While we look into the scenario of India, the second wave of the Coronavirus explosion in the country has significantly gained momentum. As per the recent reports, Maharashtra alone accounts for more than 58 percent of the total active cases in the country. As per the latest Health Ministry data, India’s total Covid-19 active case load has reached 2,19,262, comprising 1.93 percent of the total infections. Due to a spike in Covid-19 cases, a few states have imposed a lockdown, travel bans and night curfew in some areas.
| PARTICULARS |
AS AT 31 MARCH 2021 |
AS AT 31 MARCH 2020 |
| Equity share capital |
1,127.94 |
708.32 |
| Total Equity |
1,03,612.52 |
90,245.55 |
| Earnings per equity share |
117.95 |
115.78 |
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