About Modern Thread Limited Delisted Shares
Modern Threads (India) Limited is a Public limited company, incorporated on 28th August, 1980 having its registered office at Modern Woolens, Hamirgarh Road, Pragati Path, Near Transport Nagar, Bhilwara-311001 (Rajasthan) India. Its Authorized capital is Rs. 1,85,00,00,000 and Paid up capital is Rs. 34,77,51,600. The Company now is one of the biggest manufacturers and exporters of wool and blended worsted yarn from India. Modern Woolens, having its plant at Bhilwara, Rajasthan, is a highly acclaimed name, as manufacturers and exporters of wool and blended worsted yarn from India. Modern has achieved an international pre-eminence in the field of processing wool during the course of time.
INCORPORATION DETAILS
|
CIN |
L17115RJ1980PLC002075 |
|
Registration Date |
28 August 1980 |
|
Category/Sub-category of the Company |
Limited by Shares/ Non-govt company |
|
Address of the Registered office and contact details |
Modern Threads (India) Limited Unit : Modern Woolens, Hamirgarh Road, Pragati Path Near Transport Nagar, Bhilwara-311001 (Rajasthan) Phone : 91-1482-241801, |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s Integrated Registry Management Services Private Limited 2nd Floor, Kences Towers, North Usman Road, T Nagar, Chennai 600 017 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Wool |
13123 |
60.27% |
|
Yarn |
20303 |
39.73% |
BOARD OF DIRECTORS
Shri Rajesh Ranka – Chairman & Managing Director
Shri Ram Awatar Kabra – Executive Director
Smt. Veena Jain – Non-Executive, Non-Independent Director
Shri J.N. Sharma – Non-Executive, Independent Director
Mrs. Ankita Jain – Non-Executive, Independent Director
Shri C.M. Jain – Non-Executive, Independent Director
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Modern Thread Limited does not have any subsidiary or associate company.
SHAREHOLDING PATTERN (As of 30-6-2022)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
2,26,36,901 |
65.095% |
|
2. |
Public Shareholding |
1,21,38,259 |
34.905% |
|
|
Total |
3,47,75,160 |
100.00% |
INDUSTRY OUTLOOK
Consistent efforts are being made by the Woolens Division of the Company to ensure sustainable leadership for its products in global market. Woolen division has also initiated efforts to retain existing customers’ base and contacting newer customers in overseas market with different product range in worsted yarn so as to achieve improved performance and profitability in the ensuing period.
PROFIT & LOSS STATEMENT OF MODERN THREAD LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2022 |
2021 |
2020 |
2019 |
|
Revenue from Operations |
22263.09 |
14713.09 |
20058.98 |
22821.78 |
|
EBITDA |
1244.42 |
527.59 |
2639.64 |
1453.58 |
|
EBITDA margins |
5.58% |
3.58% |
13.15% |
6.36% |
|
Finance Cost |
219.92 |
148.82 |
12.14 |
221.72 |
|
Depreciation |
299.83 |
276.74 |
301.50 |
260.16 |
|
Other Income |
206.46 |
253.93 |
2406.97 |
438.99 |
|
Profit/Loss before Exceptional items and Tax |
724.67 |
102.03 |
2326 |
971.70 |
|
Exceptional items |
70 |
70 |
210 |
105 |
|
Total Tax |
0.76 |
- |
0.12 |
- |
|
Profit After Tax (PAT) |
793.91 |
172.03 |
2535.88 |
1076.70 |
|
PAT Margin |
3.56% |
1.16% |
12.64% |
4.71% |
|
EPS |
2.28 |
0.49 |
7.29 |
3.10 |
BALANCE SHEET OF MODERN THREAD LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2022 |
31st March 2021 |
31st March 2020 |
|
ASSETS |
|||
|
NON CURRENT ASSETS |
|||
|
Property, Plant & Equipment |
3647.86 |
3495.96 |
3591.80 |
|
Capital Work in Progress |
- |
- |
- |
|
TOTAL NON CURRENT ASSETS |
4577.68 |
4461.83 |
4618.52 |
|
CURRENT ASSETS |
|||
|
Inventories |
6026.72 |
3927.14 |
4241.72 |
|
Trade receivables |
2334.35 |
1596.50 |
2281.71 |
|
Cash and cash equivalent |
517.94 |
1734.33 |
1138.96 |
|
Other Financial assets |
22.63 |
19.32 |
31.31 |
|
Other current assets |
306.03 |
462.76 |
281.06 |
|
TOTAL CURRENT ASSETS |
9253.23 |
7785.56 |
8025.84 |
|
TOTAL ASSETS |
13830.91 |
12247.39 |
12644.36 |
|
EQUITY AND LIABILITIES |
|||
|
EQUITY |
|||
|
Equity Share Capital |
3477.52 |
3477.52 |
3477.52 |
|
Other Equity |
(14570.47) |
(15391.49) |
(15596.79) |
|
TOTAL EQUITY |
(11092.95) |
(11913.97) |
(12119.27) |
|
LIABILITIES |
|||
|
NON CURRENT LIABILITIES |
|||
|
Borrowings |
18874.85 |
18874.85 |
18874.85 |
|
Provisions |
369.40 |
329.19 |
333.53 |
|
TOTAL NON CURRENT LIABILITIES |
19244.77 |
19204.53 |
19208.86 |
|
CURRENT LIABILITIES |
|||
|
Borrowings |
75 |
104.03 |
26.16 |
|
Trade Payables |
2678.92 |
1812.53 |
2199.96 |
|
Other Financial Liabilities |
2267.99 |
2232.16 |
2559.57 |
|
Provisions |
25.29 |
29.77 |
34.20 |
|
Other Current Liabilities |
631.88 |
778.32 |
734.88 |
|
TOTAL CURRENT LIABILITIES |
5679.09 |
4956.83 |
5554.77 |
|
TOTAL LIABILITIES |
24923.86 |
24161.36 |
24763.63 |
|
TOTAL EQUITY AND LIABILITIES |
13830.91 |
12247.39 |
12644.36 |
DIVIDEND HISTORY
|
Particulars |
2022 |
2021 |
2020 |
|
Dividend (final + interim) (In Rs.) |
- |
- |
- |
|
Retained Earnings(In Rs. Lakhs) |
(24,437.14) |
(25,354.88) |
(25,460.18) |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 51.31% from Rs. 14713.09 lakhs in FY 2021 to Rs. 22263.09 lakhs in FY 2022.
EBITDA of the company increased by 135.86% from Rs. 527.59 lakhs in FY 2021 to Rs. 1244.42 lakhs in FY 2022.
Total borrowings of the company decreased from Rs. 18978.88 lakhs as of 31st March 2021 to Rs. 18949.85 lakhs as of 31st March 2022. Due to this, Finance cost of the company increased by 47.78% from Rs. 148.82 lakhs to Rs. 219.92 lakhs.
Profit after Tax of the company increased by 361.49% from Rs. 172.03 lakhs in FY 2021 to Rs. 793.91 lakhs in FY 2022.
The Current Ratio of the company as of 31st March 2022 was 1.62.
The book value of the company as of 31st March 2022 was Rs. (31.89).
