ABOUT MANJUSHREE PLANTATIONS LIMITED UNLISTED SHARE
MANJUSHREE PLANTATIONS LIMITED shares were debited from the minority shareholder's account 0n July 14, 2022. MANJUSHREE PLANTATIONS LIMITED paid Rs.10 per share to shareholders, Minority shareholders received consideration on July 18, 2022.
MANJUSHREE PLANTATIONS LIMITED is a multi-crop plantation located in Nilgiris, Tamil Nadu. It was incorporated on 06 December 2004 as a Non-government company and is registered at the Registrar of Companies, Kolkata.
Manjushree Plantations Limited produces a wide range of coffee, tea, cardamom, clove, and other spices. The Company endeavors to increase the production of all crops at its plantations.
The company has introduced new initiatives in terms of improving field management, using modern techniques and agricultural practices. This is being complemented by more effective cost controls and maintaining amicable industrial relations. The Company has plans in place to increase awareness of the range of the products and their distribution. In view of this, the Company will participate in various trade fairs, enhance visibility through POPs and engage in trade-related activities. Manjushree Plantations Limited is continuously working towards improving the quality and packaging of its retail products like tea, coffee, and spices.
INCORPORATION DETAILS
|
CIN |
U01132WB2004PLC100598 |
|
Registration Date |
5th September 1938 |
|
Category/Sub-category of the Company |
Company Limited by Shares |
|
Address of the Registered office and contact details |
7E, Neelamber Building 28B, Shakespeare Sarani, Kolkata- 700 017 Ph No.: 033-2287-3306, Fax: 033-2290-3050 mail:info@groupmanjushree.com |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s. Niche Technologies Private Limited 3A, Auckland Place,7th Floor, Room No. 7A & 7B Kolkata – 700017 Email- nichetechpl@nichetechpl.com Tel- (033) 033 4005 2033 |
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 sale of tea and spices |
47211 |
53.57% |
BOARD OF DIRECTORS
Smt. Manjushree Khaitan (Chairperson)
Shri Kalyan Sen
Shri Amit Kumar Choudhury
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
MANJUSHREE PLANTATIONS LIMITED does not have any subsidiary or associate company.
MANJUSHREE PLANTATIONS LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
22,83,307 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE357FO1015 |
|
PAN No. |
AABCM4723A |
|
Lot Size: |
500 |
|
Last Traded Price: |
Rs.40 |
|
Market Cap: |
Rs. 9.13 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Smt. Manjushree Khaitan(Promoter) |
3,84,237 |
16.828% |
|
2 |
Manav Investment and Trading Company Limited (Promoter) |
2,46,933 |
10.815% |
|
3 |
Birla Educational Institution (Promoter) |
1,97,836 |
8.664% |
|
4 |
Birla Education Trust(Promoter) |
91,124 |
3.991% |
|
5 |
Birla Institute of Technology and Science (Promoter) |
10,124 |
0.443% |
|
6 |
Late Basant Kumar Birla (Promoter) |
9,924 |
0.435% |
|
7 |
Public Shareholding |
13,43,129 |
58.824% |
|
|
Total |
22,83,307 |
100.00% |
INDUSTRY OUTLOOK
India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. 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.
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 the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in the production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China, and Sri Lanka. But in 2019, India became the 2nd Largest tea producer in the world and produced around 1,339.70 million kg. India accounts for around 31% of the world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.
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 the ‘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.
PROFIT & LOSS STATEMENT OF MANJUSHREE PLANTATIONS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2020 |
2019 |
2018 |
2017 |
|
Revenue from Operations |
2,710.26 |
2,317.13 |
2,485.13 |
3,097.88 |
|
EBITDA |
1,288.75 |
693.8 |
800.48 |
1,069.35 |
|
EBITDA margin |
48% |
30% |
32% |
35% |
|
Finance Cost |
- |
- |
0.1 |
2.53 |
|
Depreciation |
129.29 |
118.03 |
133.4 |
126.1 |
|
Other Income |
585.51 |
648.4 |
638.12 |
557.38 |
|
Profit Before Tax |
60.07 |
-647.37 |
-541.56 |
-10.28 |
|
Total Tax |
- |
- |
- |
- |
|
Profit After Tax (PAT) |
60.07 |
-647.37 |
-541.56 |
-10.28 |
|
EPS |
-6.6 |
-37.58 |
-32.95 |
-9.68 |
BALANCE SHEET OF MANJUSHREE PLANTATIONS LIMITED (In Rs. Lakhs)
|
Particulars |
2020 |
2019 |
|
ASSETS |
||
|
NON CURRENT ASSETS |
||
|
Tangible assets |
3,515.22 |
3,580.87 |
|
Intangible assets |
0.29 |
1.44 |
|
Loans and advances |
116.04 |
115.38 |
|
Other non-current assets |
147.93 |
137.02 |
|
TOTAL NON CURRENT ASSETS |
3,779.48 |
3,834.72 |
|
CURRENT ASSETS |
||
|
Inventories |
390.48 |
388.95 |
|
Loans and advances |
785.53 |
655.89 |
|
Trade receivables |
340.06 |
151.18 |
|
Cash and Cash equivalents |
211.95 |
216.66 |
|
other current assets |
4.4 |
5.16 |
|
TOTAL CURRENT ASSETS |
1,732.42 |
1,417.84 |
|
TOTAL ASSETS |
5,511.89 |
5,252.56 |
|
EQUITY AND LIABILITIES |
||
|
EQUITY |
||
|
Equity share capital |
4,442.03 |
4,442.03 |
|
Reserves and surplus |
-5,561.40 |
-5,621.48 |
|
TOTAL EQUITY |
-1,119.37 |
-1,179.45 |
|
LIABILITIES |
||
|
NON CURRENT LIABILITIES |
||
|
Provisions |
708.76 |
616.04 |
|
Other non-current liabilities |
705 |
705 |
|
TOTAL NON CURRENT LIABILITIES |
1,413.76 |
1,321.04 |
|
CURRENT LIABILITIES |
||
|
Trade payables |
2,685.55 |
2,511.80 |
|
Provisions |
152.81 |
152.81 |
|
Other current liabilities |
2,379.14 |
2,446.36 |
|
TOTAL CURRENT LIABILITIES |
5,217.51 |
5,110.97 |
|
TOTAL LIABILITIES |
6,631.27 |
6,432.01 |
|
TOTAL EQUITY AND LIABILITIES |
5,511.89 |
5,252.56 |
DIVIDEND HISTORY
|
Particulars |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
Nil |
Nil |
Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 16.96% from Rs. 2,317.13 lakhs in FY 2019 to Rs. 2,710.26 lakhs in FY 2020.
EBITDA of the company increased exceptionally by 85.7% from Rs. 693.8 lakhs in FY 2019 to Rs. 1,288.75 lakhs in FY 2020. EBITDA margins increased from 30% in FY 2019 to 48% in FY 2020.
The company after a series of losses reported a net profit of Rs. 60.07 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.33.
The company does not have any long-term or short-term borrowings.
The company has not given any dividends for the past three years.
