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×

mayasheel retail india Limited

60.00
-4.76 %
Scrip Name
BAZAR INDIA
ISIN No.
INE03NO01017
PAN No.
AALCM8166F
Face Value
10
No. of Outstanding Shares
25,000,000
Market Capitalization
150.00 Crore

MAYASHEEL RETAIL INDIA LIMITED UNLISTED SHARE


ABOUT MAYASHEEL RETAIL INDIA LIMITED


MAYASHEEL RETAIL INDIA LIMITED is engaged in retail trading services. Mayasheel Retail India Limited is the owner of the brand – BAZAR INDIA. BAZAR INDIA is a retail brand and is one of the fastest-growing Fashion & Lifestyle companies. Bazar India sells a broad range of apparel & fashion needs and general merchandising. The apparel range includes Men’s wear, Ladies' wear, and Kidswear.


In just two years of the company’s inception, the company successfully launched 56 stores in 54 cities in Pan India. The company has plans to open more than 100 stores in the near time frame.


The company is expanding rapidly with key elements in the strategy including penetration in key markets, providing private labels and own brands, and making strategic relationships.


INCORPORATION DETAILS


CIN

U52599DL2018PLC333450

Registration Date

04 May 2018

Category/Sub-category of the Company

Company Limited by Shares

Address of the Registered office and contact details

5709, Gali No. 6,

Subhash Mohalla, Gandhi nagar,

 New Delhi, Delhi – 110031

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Karvy Fintech Private Limited,

Karvy Selenium, Tower B, Plot no. 31& 32,

Financial district, Nanakramguda, Serilingampally,

Hyderabad – 500032, Telangana.

Email – customercare@karvy.coom

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Retail Trading Services

9962

100%

BOARD OF DIRECTORS

Mr. Atul Garg, (Chairman and Managing Director)

Mr. Sushil Kumar Karwa, (Executive Director)

Mr. Sunil Kumar Karwa, (Executive Director)

Mr. Puneet kalani, (Executive Director)

Mr. Rakesh Singh (Independent Director)

Ms. Mala Thapar (Independent Director)

Mrs. Neha Garg (Non-Executive Director)


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

MAYASHEEL RETAIL INDIA LIMITED does not have any subsidiary or associate company.

 

MAYASHEEL RETAIL INDIA LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

2,50,00,000

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE03NO01017

PAN No. 

AALCM8166F

Lot Size:

100

Last Traded Price:

Rs. 52

MARKET Cap:

Rs. 130.00 Crore


INDUSTRY OUTLOOK

 

India’s Retail sector market size stood at US$ 854 billion in 2020. The overall retail market of India is projected to cross US$ 1.75 trillion in FY 2026. The Indian e-commerce retail market is predicted to grow at a CAGR of 30% and can reach US$ 200 billion by 2026.


The retail sector of India was one of the worst affected sectors due to COVID 19 pandemic. Due to lockdown, the retail sector has seen shuttered shops, zero revenues for months, inability to pay rents, and struggle with working capital. The most annoying thing for the industry was to deal with huge spikes in demand and manage the supply chain challenges.


But as the lockdown restrictions are slowly eased, the Retail sector of India is slowly getting back on track. There are chances that the retail sector will come closer to a normal level of business after the first half of FY 2021. However, the onset of the COVID 19 pandemic has brought a significant change in the shopping behavior of Indians. The dominance of digital shopping is set to become a reality as physical stores were closed down during lockdown.


Therefore Indian e-commerce retail market is now expected to grow at a CAGR of 30% till 2026. While e-commerce has affected some categories like electronics, footwear, apparel, but a large shift of grocery retailing in India is yet to happen.


The acceleration of digital adoption made winners and losers. Several large retailers like Reliance Retail, Amazon, etc have seen a significant increase in both e-commerce and total revenue, while mid and small retail businesses suffered losses. It is now very important for traditional retailers to expand their digital footprint as soon as possible.


Most of the retail industry in India is unorganized. The unorganized retail market contributes around 85% of the total retail sector in India. But with changing trends, the share of the organized retail market in India is expected to reach 22-25% by 2021.


India ranks among the best countries to invest in the retail sector. Some of the factors like the second largest population in the world, increasing urbanization, rising household incomes, connected rural consumers, and increasing consumer spending are making India an attractive place to invest in retail space.


Moreover, to attract investments in Retails sector, the Government of India has introduced new reforms. Through these new reforms, the Government of India has approved 51% FDI in multi-brand retail and 100% in single-brand retail.

 

PROFIT & LOSS STATEMENT OF MAYASHEEL RETAIL INDIA LIMITED           (In Rs. Lakhs)

 

PARTICULARS

2020

2019

2018

Revenue from Operations

35,974.27

29,967.20

38,139.62

EBITDA

299.50

811.91

1,841.73

EBITDA margin

0.83%

2.71%

4.83%

Finance Cost

342.06

341.57

424.63

Depreciation

1621.79

1,232.19

513.11

Other Income

78.92

53.97

76.53

Profit Before Tax

-1,585.44

-707.89

980.53

Total Tax

174.05

-176.62

353.38

Profit After Tax (PAT)

-1,759.49

-531.26

627.16

EPS

-7.04

-2.13

2.51

 

BALANCE SHEET OF MAYASHEEL RETAIL INDIA LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Fixed Assets



Tangible assets

3,383.56

4,840.65

Intangible assets

52.66

64.44

Capital work-in-progress

139.96

15.94

Non-current investments

1.50

1.50

Deferred tax assets

200.49

374.54

Long Term Loans & Advances

677.48

787.40

Other non-current assets

0.23

0.23

TOTAL NON CURRENT ASSETS

4,455.88

6,084.71

CURRENT ASSETS



Inventories

11,977.01

13,525.86

Trade Receivables

0.46

115.50

Cash and cash equivalents

78.65

248.66

Short Term Loans & Advances

746.01

962.55

Other current assets

171.09

98.11

TOTAL CURRENT ASSETS

12,973.20

14,950.67

TOTAL ASSETS

17,429.09

21,035.38

EQUITY



Share capital

2,500.00

2,500.00

Reserves and surplus

-2,291.95

-532.47

TOTAL EQUITY

208.05

1,967.53

NON CURRENT LIABILITIES



Long Term Borrowings

1,797.43

1,581.98

Other long-term liabilities

104.90

0.00

Long Term Provision

76.20

76.20

TOTAL NON CURRENT LIABILITIES

1,978.52

1,658.18

Current Liabilities



Short-term borrowings

467.01

1,300.23

Trade payables

14,216.17

14,431.11

Other Current Liabilities

511.29

1,450.13

Short Term Provision

48.05

228.19

TOTAL CURRENT LIABILITIES

15,242.52

17,409.66

TOTAL LIABILITIES

17,221.04

19,067.85

TOTAL EQUITY AND LIABILITIES

17,429.09

21,035.38

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 20.05% from Rs. 29,967.20 lakhs in FY 2019 to Rs. 35,974.27 lakhs in FY 2020.


EBITDA of the company decreased significantly by 63.11% from Rs. 811.91 lakhs in FY 2019 to Rs. 299.50 lakhs in FY 2020. EBITDA margins of the company decreased from 2.71% in FY 2019 to 0.83% in FY 2020.


Net loss of Mayasheel Retail India Limited increased from Rs. 531.26 lakhs in FY 2019 to a loss of Rs. 1,759.49 lakhs in FY 2020.


The Current Ratio of the company as of 31st March 2020 was 0.85.


The company has total borrowings of Rs. 2,264.43 lakhs as of 31st March 2020. The debt to equity ratio of the company as of 31st March 2020 was 10.88.


The company has not given any dividends till date.


The book value of the company as of 31st March 2020 was Rs. 0.83.

 

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