MAHARAJA SHREE UMAID MILLS LIMITED UNLISTED SHARE
ABOUT MAHARAJA SHREE UMAID MILLS LIMITED
MAHARAJA SHREE UMAID MILLS LIMITED is a part of the LN Bangur Group enterprise. Maharaja Shree Umaid Mills Limited is a spinning cum composite textile company engaged in the business of Yarns and Fabrics. The textile mill of the company is located at Pali, Rajasthan, and is technically and technologically well upgraded, operationally efficient, environmentally compliant.
Maharaja Shree Umaid Mills Limited produces 100% cotton yarn. The company is capable of catering to the need of both woven and knitted fabrics manufacturers as the company has both Rotors and Ring-Spun producing facilities. The company manufactures Carded/Combed Hosiery and weaving yarns, industrial yarns, Grey Polyester Viscose Blended, bleached/mercerized sewing thread yarns in Cotton, and 100% Viscose Yarns. The company has a total installed capacity of 96,432 Ring spindles and 1944 OE Rotors having a total output of about 60 tons per day.
The company supplies its products to domestic buyers, Export Oriented Units, and Overseas buyers. Apart from producing normal cotton yarn, the company also produces value-added yarn for adding varieties such as Slub Yarn, Compact Yarn, Reverse twist Yarn, Elli twist Yarn, Core Spun Yarn, Multi-fold Yarn, Bleached Mercerised Yarns.
The Fabric Segment of the company mainly includes 100% cotton Poplin. Apart from Dyed Poplins, it also produces Dyed Terry Rubia, Bleached Polyester Cotton & 100% Cotton Shirting, Cotton Grey Sheeting, and Dyed Casement. The company is producing fabrics with brighter colours, improved hand feel, and Anti Odour properties.
INCORPORATION DETAILS
CIN | U17124WB1939PLC128650 |
Registration Date | 12 August 1939 |
Category/Sub-category of the Company | Company Limited by Shares |
Address of the Registered office and contact details | 7, Munshi Premchand Sarani, Hastings, Kolkata -700022 Phone: 033-22230016 |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Maheshwari Datamatics Pvt. Ltd. 23,R N Mukherjee Road, 5th Floor, Kolkata - 700001 Phone: 2243-5029 /5809 email: mdpldc@yahoo.com |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Manufacturing and Sale of Textiles yarn & Fabrics | 13111, 13121, 13124 | 97.48% |
Generation and sale of wind power | N.A | 2.52% |
BOARD OF DIRECTORS
Mr. LN Bangur (Chairman & Managing Director)
Mrs. Alka Devi Bangur (Director)
Mr. Yogesh Bangur (Deputy Managing Director)
Mr. Amitav Kothari (Independent Director)
Mr. Rajiv Kapasi (Independent Director)
PARTICULARS OF HOLDING AND SUBSIDIARY COMPANIES
Name of the Company | Subsidiary/Associate | % of shares held |
Placid Limited | Holding | 82.64% |
MSUM Texfab Ltd | Subsidiary | 100.00% |
MAHARAJA SHREE UMAID MILLS LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 5,70,12,155 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE087D01013 |
PAN No. | AABCM1849B |
Lot Size: | 100 Shares |
Last Traded Price: | RS. 125 |
Current Unlisted Share Price: | Rs. 712.65 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Placid Limited | 4,71,14,124 | 82.64% |
2 | M.B. Commercial Company Limited | 28,20,200 | 4.95% |
3 | The Kishore Trading Company Limited | 20,34,000 | 3.57% |
4 | Amalgamated Development Limited | 16,61,333 | 2.91% |
5 | Alka Devi Bangur | 12,55,000 | 2.20% |
6 | Other Promoters | 12,79,300 | 2.24% |
7 | Public Shareholding | 8,48,198 | 1.49% |
| Total | 5,70,12,155 | 100.00% |
INDUSTRY OUTLOOK
Cotton is an important part of the Indian economy as the Indian Textile industry is predominantly cotton-based. Cotton accounts for 60% of the textile industry’s raw material consumption basket. The textile industry of India contributes around 5% to the country’s GDP, 11% to export earnings, and 14% to industrial productions. Textile Industry is also the second-largest employer in India. India is one of the largest producers, exporters, and consumers of Cotton yarn. The textile industry of India is projected to touch US$ 223 billion by 2021.
The cotton sector is considered as the 2nd most developed sector in the textile industry of India. India is the largest producer of cotton-producing around 18% of the total world’s production. India also consists of the largest area under cotton cultivation in the world. Major cotton-producing states of India are Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Haryana, Madhya Pradesh, Punjab, and Rajasthan.
India is a leading exporter of Cotton Yarn and Fabrics. Cotton yarn and fabrics exports contribute around 23% to the total textile and apparel export from India. In FY 2020, India’s total cotton production stood at 36.04 million bales of 170 kgs each. In FY 2020, cotton fabrics, cotton yarn, and handloom products export reached US$ 10.01 billion. From April 2020 to February 2021, the total export of cotton and cotton products stood at US$ 8.71 billion.
Indian textile industry is facing huge liquidity crunchand uncertainty pertaining to future orders. The priority is to revive the growth as the Indian economy healsfrom the scars of Covid 19. Year 2021 is expected to be a tough year and major focus shall be on premium value added products,cost cutting, improving productivity, value added sustainable products to improve the profitability of theCompanies in this industry.It is expected that once Covid curve flattens and textile business improves the present integration ofspinning and weaving will largely help in achieving higher sales and profitability.
PROFIT & LOSS STATEMENT OF MAHARAJA SHREE UMAID MILLS LIMITED (In Rs. Lakhs)
PARTICULARS | 2020 | 2019 | 2018 | 2017 |
Revenue from Operations | 39192.34 | 47480.35 | 45153.83 | 44316.94 |
EBITDA | 3297.83 | 3624.53 | 1161.79 | -1977.25 |
EBITDA margins | 8.41% | 7.63% | 2.57% | -4.46% |
Finance Cost | 3260.81 | 3551.07 | 3646.97 | 3516.07 |
Depreciation | 2020.54 | 1876.92 | 1962.26 | 2038.55 |
Other Income | 1042.10 | 875.90 | 322.64 | 601.22 |
Profit/Loss before Tax | -941.42 | -927.56 | -4124.80 | -6930.65 |
Total Tax | -176.03 | -459.79 | -575.46 | -1848.34 |
Profit After Tax (PAT) | -765.39 | -467.77 | -3549.34 | -5082.31 |
EPS | -1.34 | -1.08 | -8.22 | -19.33 |
BALANCE SHEET OF MAHARAJA SHREE UMAID MILLS LIMITED(In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 72832.05 | 74888.23 |
Intangible assets | 5.42 | 4.56 |
Financial assets | 2284.73 | 464.47 |
Other non-current assets | 16.66 | 242.71 |
TOTAL NON CURRENT ASSETS | 75138.86 | 75599.97 |
CURRENT ASSETS | ||
Inventories | 5083.80 | 8182.59 |
Financial assets | 1157.56 | 602.32 |
Trade receivables | 4997.48 | 5201.30 |
Cash and cash equivalent | 168.93 | 579.65 |
Current tax assets | 1397.65 | 1391.76 |
Other current assets | 4508.94 | 4769.65 |
TOTAL CURRENT ASSETS | 17314.36 | 20727.27 |
TOTAL ASSETS | 92453.22 | 96327.24 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share Capital | 5701.22 | 5701.22 |
Other Equity | 40630.91 | 41377.96 |
TOTAL EQUITY | 46332.13 | 47079.18 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Borrowings | 26055.30 | 16346.82 |
Other financial liabilities | 184.17 | 195.55 |
Deferred Tax liabilities | 6568.77 | 6735.60 |
Provisions | 48.54 | 47.09 |
Other non-current liabilities | 406.86 | 472.99 |
TOTAL NON CURRENT LIABILITIES | 33263.64 | 23798.05 |
CURRENT LIABILITIES | ||
Borrowings | 7659.01 | 10224.31 |
Trade payables | 1581.20 | 2767.19 |
Other financial liabilities | 2706.33 | 10993.73 |
Other current liabilities | 635.77 | 655.47 |
Provisions | 275.14 | 809.30 |
TOTAL CURRENT LIABILITIES | 12857.45 | 25450.00 |
TOTAL LIABILITIES | 46121.09 | 49248.05 |
TOTAL EQUITY AND LIABILITIES | 92453.22 | 96327.23 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 33,064.53 | 33,721.06 | 34,188.83 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by17.46% from Rs. 47,480.35 lakhs in FY 2019 to Rs. 39,192.34 lakhs in FY 2020.
EBITDA of the company decreased by 9.01% from Rs. 3,624.53 lakhs in FY 2019 to Rs. 3,297.83 lakhs in FY 2020. However, EBITDA margins of the companyimproved from 7.63% in FY 2019 to 8.41% in FY 2020.
The company’s loss has increased from Rs. 467.77 lakhs in FY 2019 to Rs. 765.39 lakhs in FY 2020.
Current Ratio of the company as of 31st March 2020 was 1.34.
Total debt on the company increased by 26.8% from Rs. 26,571.13 lakhs as of 31st March 2019 to Rs. 33,714.31 lakhs31st March 2020.Debt to Equity ratio of the company as of 31st March 2020 was 0.72.
The company has not given any dividend from the past three years.
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