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×

milton cycle industries Limited

171.00
-3.39 %
Scrip Name
Milton Cycle
ISIN No.
INE03IE01018
PAN No.
AABCM3269R
Face Value
10
No. of Outstanding Shares
420,000
Market Capitalization
7.18 Crore

MILTON CYCLE INDUSTRIES LIMITED UNLISTED SHARE 


Established on 10 May 1960, Milton Cycle Industries Limited is registered at the Registrar of Companies, Delhi. Its authorized share capital is Rs. 1,00,00,000 and its paid-up capital is Rs. 42,00,000.

Milton Cycle Industries Limited (MCIL) is engaged in the manufacturing of bicycles and their components. The company’s product portfolio includes fancy bikes, ladies' bikes, junior bikes, kids' bikes, and roadster bikes. The bicycle parts offered by MCIL include chains, freewheels, handles, hubs, tyres saddles, rims, spokes, forks, and BB axles.

The company's manufacturing facility is in Sonepat, Haryana. The unit is spread across an area of 7.5 acres and has a capacity of manufacturing 5,000 units per day. The unit comprises facilities such as a paint shop, press shop, heat treatment, and electroplating.

The Sahibabad division of Atlas Cycles has a subsidiary called MCIL. The business uses a network of dealers to serve the markets of Uttar Pradesh, Bihar, Jharkhand, Andhra Pradesh, and Nepal.


INCORPORATION DETAILS  

 

CIN


U35923HR1960PLC002317


Registration Date

10-05-1960


Company Name

MILTON CYCLE INDUSTRIES LIMITED


Email Address

contact@miltoncycles.com


Category/Sub-category of the Company

Company limited by Shares/Non-govt company


Registration Number

2317


Address of the Registered office & contact details

MILTON PREMISES, INDUSTRIAL AREA

SONEPAT 131001 (HARYANA)

PH- +91-130-2200155,2200157

EMAIL-contact@miltoncycles.com

Website- www.miltoncycles.com


Company Secretary & Compliance Officer

-


Name, Address & contact details of the Registrar & Transfer Agent, if any

MAS SERVICES LIMITED

T-34, 2ND FLOOR, OKHLA INDUSTRIAL AREA,

PHASE-2, NEW DELHI-110020



BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Vinod Bubber

Additional director

2.

Ashok Kumar

Additional director

3.

Om Prakash Sharma

director


Principal Business Activities Of the Company

Name & Description of main products/services

NIC Code of the Product /service

% of the total turnover of the company

Manufacture of bicycles and parts and accessories of bicycles

3760 and 3768

100%


SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholder’s Category

No. of Shares

% Of total Shares of the company

1.

PROMOTERS

242617

57.77%

2.

PUBLIC

177383

42.23%


TOTAL

4,20,000

100%


PROFIT & LOSS STATEMENT MILTON CYCLE INDUSTRIES LIMITED 

(Amount In RS.)

(As of 31-03-2019 to 31-03-2021)

Particular

2021

2020

2019

INCOME


 

 

Revenue from Operations

18,24,71,361

86,23,17,648

1,16,97,89,395

Other Income

3,00,36,636

7,89,00,915

46,36,865

TOTAL REVENUE

21,25,07,997

94,12,18,563

1,17,44,26,260

EXPENSES




Cost Of Materials Consumed

9,52,66,392

65,32,02,213

88,38,04,836

Changes in Inventories of finished goods

1,65,48,767

(50,97,261)

(6,51,480)

Employee Benefits Expense

6,74,73,074

11,43,33,749

9,49,54,181

Other Expenses

3,83,51,200

13,30,76,522

17,03,48,955

TOTAL EXPENSES

21,76,39,433

89,55,15,223

1,14,84,56,492

EARING BEFORE INTEREST, TAX,DEPRECIATION & AMORTIZATION (EBITDA)

(51,31,436)

4,57,03,340

2,59,69,768

Finance Costs

23,47,826

65,61,295

59,67,649

Depreciation and amortization expenses

74,62,226

84,55,518

89,22,856

PROFIT BEFORE  EXCEPTIONAL ITEMS  & TAX 

(1,49,41,488)

3,06,86,527

1,10,79,263

Exceptional items before tax

-

-

-

PROFIT BEFORE  TAX

(1,49,41,488)

3,06,86,527

1,10,79,263

TAX EXPENSES


 

 

Current Tax

-

63,00,000

22,78,784

Deferred Tax

46,86,818

3,32,197

30,45,798

PROFIT FOR THE PERIOD / (LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS

(1,02,54,870)

 

2,47,18,724

 

57,54,681

Discontinued operations

-

-

-

 Profit/Loss from discontinued operations

-

-

-

Tax Credit on discontinued operations

-

-

-

 Profit/Loss after tax from discontinued operations

-

-

-

PROFIT /LOSS FOR THE YEAR

(1,02,54,870)

 

2,47,18,724

 

57,54,681

EARNINGS PER EQUITY SHARE 




Basic

(24.42)

58.85

13.70

Diluted

(24.42)

58.85

13.70


BALANCE SHEET OF MILTON CYCLE INDUSTRIES LIMITED (Amount In Rs.)

(As of 31-03-2019 to 31-03-2021)

PARTICULARS

2021

2020

2019

EQUITY AND LIABILITIES




Share Capital

42,00,000

42,00,000

42,00,000

 Other Equity

13,11,75,932


14,14,30,803

11,67,12,079

TOTAL EQUITY

13,53,75,932

14,56,30,803

12,09,12,079

NON-CURRENT LIABILITIES




Financial liabilities


 


 Long term Borrowings

-

-

-

Deferred tax liabilities (Net)

-

                       - 

-

 Long term Provisions

17,38,433

16,90,633

19,79,259

 TOTAL NON-CURRENT LIABILITIES

17,38,433

               16,90,633

19,79,259

CURRENT LIABILITIES




Financial liabilities




 Short term Borrowings

-

5,90,50,678

5,71,53,193

Trade Payables

22,36,63,465

28,61,23,706

12,55,34,932

Other Current Liabilities

1,79,66,517

3,57,42,914

11,27,39,473

 Short term Provisions

2,04,24,416

5,37,74,420

3,56,97,416

TOTAL CURRENT LIABILITIES

26,20,54,398

43,46,91,718

33,11,25,014

TOTAL LIABILITIES

39,91,68,763

58,20,13,154

45,40,16,352

ASSETS 




NON-CURRENT ASSETS




Fixed Assets

-

-


Tangible Assets

4,96,05,449




              5,71,56,588



6,58,26,661

Non-Current investments

2,05,32,034

2,05,32,034

            2,05,32,034

Deferred tax Assets (Net)

60,35,375

13,48,757

10,16,560

Long-term loan and advances

57,68,366

               58,18,366

58,19,366

TOTAL NON-CURRENT ASSETS

8,19,41,224

             8,48,55,745

9,31,94,621

Current Assets




Inventories

3,48,26,526

8,06,85,466

7,07,45,315

Trade receivables

15,89,38,917

28,71,08,442

25,80,40,435

Cash and cash equivalents

15,05,260

                80,24,979

1,24,43,111

Short-term loans and advances

9,07,79,145

9,14,59,333

21,90,617

Other current assets

3,11,77,691

2,98,79,189

1,74,02,253

TOTAL CURRENT ASSETS

31,72,27,539

            49,71,57,409

36,08,21,731

TOTAL ASSETS

39,91,68,763

           58,20,13,154

45,40,16,352


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars

2021

2020

2019

Dividend

N.A.

N.A.

N.A.

Retained Earnings (In Millions)

 

N.A.

 

N.A.

 

N.A.


PERFORMANCE OF THE COMPANY

Revenue from Operations decreased from Rs. 86,23,17,648 in FY 2020 to Rs. 18,24,71,361 in FY 2021, showing a decline of 78.84as compared to previous financial year.


In FY 2021, Company’s Net loss stood at Rs. (1,02,54,870), as against Net Profit of Rs. 2,47,18,724 in the FY 2020.           


The current Ratio of the company as of 31st March 2021 was 1.21.

 

The debt to Equity ratio of the company as of 31st March 2021 was 2.95.

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