MARVEL VINYLS LIMITED UNLISTED SHARE
Founded on 30 May 1985, Marvel Vinyls Limited is registered at the registrar of companies in New Delhi, as a non-government company. The authorized equity share capital of the company is Rs. 110,000,000 and the paid-up share capital is Rs. 42,546,832.
The Company is a manufacturer of artificial and synthetic leather, PVC flooring, and PVC sheets and over the years, Marvel Vinyls is diversifying into Vinyl Flooring, PVC Synthetic Leather, Technical Coated Textiles, and Knitted Industrial Fabrics.
It has established itself as the industry leader with its cutting-edge infrastructure, which includes six calendaring lines, three transfer coating lines (Italian and German), an ever-increasing number of loom knitting machines, a composite tile plant, and two direct coating lines, as well as all ancillaries such as laminators, multi-color printers and so on.
Marvel's cutting-edge infrastructure is backed up by technical collaborations with companies in Canada and Korea, as well as unmatched R&D teams working out of four laboratories.
INCORPORATION DETAILS
CIN | |
Registration Date | 30 May 1985 |
Company Name | MARVEL VINYLS LIMITED. |
Email Address | cs@marvelvinyls.com |
Category/Sub-category of the Company | Company Limited by Shares/ Non - Government Company |
Class of Company | Public Company |
Registration Number | 1321 |
Address of the Registered office & contact details | G-73, Connaught Circus, New Delhi - 110 001 |
Listing Status | Unlisted |
Name & Address of the Registrars and Transfer Agents details | BEETAL Financial & Computer Services Pvt Ltd. BEETAL HOUSE, 3rd Floor, 99, Madangir, behind LSC, New Delhi - 110062 |
BOARD OF DIRECTORS
Mr. Pavan Kumar Chawla (Chairman & Managing Director)
Mr. Pankaj Chawla (Executive Directors)
Mr. Ankit Chawla (Executive Directors)
Mrs. Kirti Bhardwaj (Non-Executive Directors)
Mr. J.S.P. Rai (Non-Executive Directors)
Mr. Parmod Chopra (Non-Executive Directors)
Mr. P.C. Raval (Non-Executive Directors)
Principal Business Activities of the Company
S. No. | Name & Description of main products/services | NIC Code of the Product /service | % to total turnover of the company |
1 | PVC vinyl flooring | 1722 | 100% |
SHAREHOLDING PATTERN
(As of 31-03-2021)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1 | Promoter and Promoters Group | 40,24,400 | 94.58% |
2 | Public | 2,30,283 | 5.42% |
| Total | 42,54,683 | 100% |
INDUSTRY OUTLOOK
Marvel's most important customer is the automotive industry. The industry attracted Foreign and Direct Investment (FDI) worth US$ 25.85 billion between April 2000 and March 2020. After recovering from the effects of the COVID-19 pandemic, the Indian auto industry is expected to grow rapidly in 2021-22.
The COVID-19 pandemic is rapidly spreading around the world. The Company has assessed the impact of this pandemic on its business operations and financial position. There is no significant impact on its financial statement as of March 31, 2020. However, the impact may differ from that estimated as of the date of publication.
PROFIT & LOSS STATEMENT OF MARVEL VINYLS LIMITED (Rs. in Lakhs)
(As of 31-03-2019 to 31-03-2022)
Particular | 2022 | 2021 | 2020 | 2019 |
REVENUE |
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Revenue from Operations | 29,050.30 | 24,491.48 | 25,104.55 | 24,185.79 |
Other Income | 698.81 | 297.89 | 239.55 | 165.54 |
Total Revenue | 29,749.11 | 24,789.37 | 25,344.10 | 24,351.33 |
Expenses: | ||||
Cost of Materials Consumed | 23,736.30 | 15,653.39 | 16,745.02 | 17,964.44 |
Purchases of Trading Goods | 343.89 | 900.41 | 877.74 | 216.10 |
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade | (652.45) | 1,003.70 | 92.83 | (1,345.14) |
Employee Benefit Expenses | 1,883.21 | 1,654.20 | 2,194.73 | 2,193.97 |
Finance Costs | 419.21 | 498.17 | 503.45 | 536.04 |
Depreciation and Amortization Expense | 444.30 | 372.09 | 398.81 | 386.44 |
Other Expenses | 2,696.76 | 3,842.61 | 4,126.49 | 3,998.25 |
Total Expenses | 28,871.22 | 23,924.57 | 24,939.07 | 23,950.10 |
Profit before Exceptional Items and Tax | 877.88 | 864.80 | 405.03 | 401.23 |
Exceptional Items | - | - | - | |
Profit before Tax | 877.88 | 864.80 | 405.03 | 401.23 |
Tax Expense: |
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Current tax | 257.24 | 235.00 | 121.00 | 150.00 |
Deferred Tax | (34.45) | 43.89 | (97.46) | 6.02 |
Tax Adjustment for earlier years | - | 8.98 | (0.28) | (0.57) |
Total Tax Expenses | 222.79 | 287.87 | 23.82 | 155.45 |
Profit/ (Loss) for the period from Continuing Operations | 655.09 | 576.93 | 381.21 | 245.78 |
Other Comprehensive Income |
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Items That will not be reclassified to Profit of loss |
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- Changes in Revaluation Surplus | 4.01 | 4.01 | 4.01 | 4.01 |
- Remeasurement of the Defined Benefit Plans | 18.84 | (2.29) | (28.03) | (28.03) |
-Income Tax relating to Items That will not be reclassified to Profit of loss | (4.62) | (0.58) | (7.05) | (7.05) |
Items That will be reclassified to Profit of loss | ||||
- Gain and Loss on Hedging Instruments | - | 0.00 | 0.07 | 0.07 |
-Income Tax relating to Items That will be reclassified to Profit of loss | - | 0.00 | 0.02 | 0.02 |
Total Comprehensive Income for the Period | 672.83 | 579.23 | 364.85 | 249.79 |
Earning Per Equity Share | ||||
Earning Per Equity Share (Basic) | 15.40 | 13.56 | 8.97 | 5.87 |
Earning Per Equity Share (Diluted) | 15.40 | 13.56 | 8.97 | 5.87 |
BALANCE SHEET OF MARVEL VINYLS LIMITED (Rs. in Lakhs)
(As of 31-03-2019 to 31-03-2022)
PARTICULARS | 2022 | 2021 | 2020 | 2019 |
ASSETS | ||||
Non-Current Assets | ||||
Property, Plant and Equipment | 2,929.98 | 2,929.20 | 2,930.54 | 2,869.41 |
Capital work-in-progress | 0.00 | 0.00 | 0.00 | 0.00 |
Other Intangible Assets | 107.28 | 124.55 | 141.59 | 121.04 |
Right of use | 97.80 | - | - | - |
Intangible Assets under Development | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Assets |
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- Investments | 0.02 | 0.02 | 0.02 | 0.02 |
- Loans | 189.40 | 193.75 | 181.77 | 174.03 |
Other Non-Current Assets | 240.82 | 37.55 | 22.31 | 70.91 |
Total Non-Current Assets | 3,565.30 | 3,285.07 | 3,276.23 | 3,235.41 |
Current Assets |
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Inventories | 5,115.14 | 4,632.07 | 5,550.18 | 5,509.21 |
Financial Assets |
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- Trade Receivables | 7,676.17 | 6,825.65 | 5,732.65 | 5,199.18 |
- Cash and Cash Equivalents | 23.82 | 44.40 | 33.21 | 64.70 |
- Bank Balances other than above | 216.55 | 111.55 | 103.61 | 117.05 |
- Other Financial Assets | 2.64 | 87.82 | 128.55 | 137.24 |
Other Current Assets | 1,187.16 | 502.79 | 282.36 | 309.47 |
Current Tax Assets (Net) | - | 9.88 | 0.00 | - |
Total Current Assets | 14,221.49 | 12,214.16 | 11,830.56 | 11,336.86 |
TOTAL ASSETS | 17,786.80 | 15,499.24 | 15,106.79 | 14,572.26 |
EQUITY AND LIABILITIES |
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Equity |
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Equity Share Capital | 497.17 | 497.16 | 497.16 | 497.16 |
Other Equity | 3,644.49 | 3,060.76 | 2,485.55 | 2,297.51 |
Total Equity | 4,141.67 | 3,557.93 | 2,982.71 | 2,794.67 |
Non-Current Liabilities |
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Financial Liabilities |
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- Borrowings | 1,208.40 | 1,124.93 | 1,325.85 | 1,384.76 |
- Other Financial Liabilities | 13.04 | 13.29 | 13.52 | 0.00 |
Provisions | 162.30 | 140.52 | 126.37 | 106.91 |
Deferred Tax Liabilities (Net) | 102.64 | 132.47 | 89.18 | 193.68 |
Total Non-Current Liabilities | 1,486.38 | 1,411.21 | 1,554.92 | 1,685.35 |
Current Liabilities |
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Financial Liabilities |
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- Lease Liabilities | 0.25 | - | - | - |
- Borrowings | 5,338.96 | 4,437.38 | 5,294.35 | 4,624.72 |
- Trade Payables |
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Dues of micro and small enterprises | 475.33 | 318.22 | 195.71 | 131.58 |
Dues of other than micro and small enterprises | 5,214.18 | 4,756.69 | 4,346.20 | 4,368.67 |
- Other Financial Liabilities | 394.03 | 528.84 | 440.40 | 557.14 |
Provisions | 62.47 | 63.32 | 55.69 | 14.23 |
Other Current Liabilities | 635.66 | 425.64 | 232.60 | 247.92 |
Current Tax Liabilities (Net) | 37.88 | 0.00 | 4.21 | 147.97 |
Total Current Liabilities | 12,158.76 | 10,530.09 | 10,569.17 | 10,092.23 |
TOTAL LIABILITIES | 17,786.80 | 15,499.22 | 15,106.79 | 14,572.26 |
DIVIDEND AND RETAINED EARNINGS (in Rs.)
(As of 31-03-2019 to 31-03-2022)
Particulars | 2022 | 2021 | 2020 | 2019 |
Dividend | NA | 2.00 | 2.00 | 1.00 |
Retained Earnings | NA | 579.23 | 211.05 | 198.49 |
PERFORMANCE OF THE COMPANY
Revenue from operations increased from Rs. 24,491.48 Lakh in FY 2021 to Rs. 29,050.30 Lakh in FY 2022, showing a growth of 18.61% as compared to the previous financial year.
Finance Cost has decreased from Rs. 498.17 Lakh in FY 2021 to Rs. 419.21 Lakh in FY 2022 showing a decline of -15.85% as compared to the previous financial year.
In FY 2022, Company’s Net profit stood at Rs. 655.09 Lakh, 13.55% higher than Rs. 576.93 Lakh net profit of FY 2021.
The Current Ratio of the company as of 31st March 2022 was 1.16.
The debt to equity ratio of the company as of 31st March 2022 was 4.29.
In the Financial Year 2021-22, the company has not paid dividends.
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