About THE METHONI TEA COMPANY LIMITED Unlisted Shares
THE METHONI TEA COMPANY LIMITED is engaged in the business of growing, manufacturing, and selling Black Tea. The Methoni Tea Estate spreads over 462 hectares. It is located near Kaziranga National Park in Golaghat, Assam.
Methoni produces the finest quality Assam Orthodox Teas. The company uses ideal mixes of seeds and clonal bushes. The company is continuously focusing on its product quality. The company strictly follows an aggressive uprooting and replanting program to grow the highest quality crops.
The company has subscribed to Tea Research Association to carry out Research and Development Activities on Tea. The Association provides strong scientific support to the tea estate and tea cultivation practices.
The Equity shares of the company are listed on Calcutta Stock Exchange Limited.
INCORPORATION DETAILS
|
CIN |
L15492WB1929PLC006618 |
|
Registration Date |
19 December 1929 |
|
Category/Sub-category of the Company |
Company Limited by Shares |
|
Address of the Registered office and contact details |
75-C Park Street, 1st Floor, Kolkata 700 016 Tel. 91 33 22293241/7638 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s Maheshwari Datamatics Private Limited, 23 R N Mukherjee Road, 5th Floor, Kolkata 700 001, Tel. 2243 - 5029 |
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 |
|
Tea |
0100 |
100% |
BOARD OF DIRECTORS
Rajendra Prasad Bubna (Whole Time Director)
Anita Bubna (Non-Executive Director)
Prahalad Lal Jain (Independent Director)
Sona Goenka (Independent Director)
Sumit Bhartia (Chief Financial Officer)
Priyanka Mohta (Company Secretary)
SHAREHOLDING PATTERN (As of 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Anita Bubna (Promoter) |
1,65,188 |
40.49% |
|
2 |
Rajendra Prasad Bubna (Promoter) |
83,000 |
20.34% |
|
6 |
Public Shareholding |
1,59,812 |
39.17% |
|
|
Total |
4,08,000 |
100.00% |
INDUSTRY OUTLOOK
Tea is the most common drink throughout the country. The global tea production (excluding China) in the FY 2020 was at par with FY 2019. All India tea production during FY 2020 was 1,360.10 million kgs compared to 1,349.60 million kgs in the FY 2019. In January 2021, India produced 16.05 million kg of tea. The Indian tea market is estimated to be Rs. 26,000 Crores, with unbranded being 30-35% of the overall market value. Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in year 2017. India is the 4th largest exporter of tea after Kenya, China and Sri Lanka.
Black Tea is the predominant sub-category. Green Tea is estimated to be around 3% of the branded category and is growing at 12.5% annually. The tea produced in the country is almost sufficient to meet the internal domestic demands. North East and North Bengal are known to be the main tea growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
