Merind Limited Unlisted Shares

MERIND LTD

Merind Ltd. was established in the year -1958. Recently their share price is 0. Recently the current market capitalisation stands at Rs 0 Cr. Latest News, company has reported Gross Sales of Rs. 0 Cr and Total Income of Rs.114.91 Cr. The company’s management includes Zahabiya Khorakiwala, Huzaifa Khorakiwala. It is listed on the BSE with a BSE Code of 506895 , NSE with an NSE Symbol of MARIND and ISIN of . It’s Registered office is at Readymoney Terrace, 2nd Floor, Room No.5,167, Dr. Annie Besant Road, Mumbai-400018, Maharashtra. Their Registrars are ACC Ltd. It’s auditors are J L Thakkar & Co., JL Thakkar & Co.

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Merind Limited Delisted Shares – Company Overview

Merind Limited is a public limited company incorporated in India on Nov. 04, 1958 as a private limited company, its registered office address is “Readymoney Terrace, 2nd floor, Room no. 5, 167, Dr. Annie Besant Road, Worli, Mumbai,”. The Company is a subsidiary of Dartmour Holdings Private Limited. Merind Limited (MERIN), is engaged in the manufacturing and sale of bulk drugs and formulations. it was also known as Merck Sharp & Dhome (India), the name was changed to Merind Limited in December. 17, 1984 when Tatas acquired a 50% stake in equity, from Merck & Company Inc. USA. Wockhardt made an open offer in July 1998 for the acquisition of the entire equity stake in Merind Limited.

In March 1993, Merind ltd issued 18,00,000 No. of equity shares of Rs.10 each at a premium of Rs.60 per share on a rights basis in the prop. 1:1. fully Subscribed. Another 90,000 No. of equity shares of Rs.10 each at a premium of Rs.60 per share were offered to the employees but only 42,000 shares were subscribed.

Merind Limited Delisted Share Details As of March 31,2022

Outstanding Shares of Merind Limited :	3642000
Face Value of Merind Limited :	Rs. 10 Per Equity Share
ISIN of Merind Limited :	INE215A01016
PAN No of Merind Limited :	AAACM2735P
Lot Size of Merind Limited :	100
Last Traded Price of Merind Limited :	Rs.216
Date of Delisting of Merind Limited :	30-May-05
Rate of Delisting of Merind Limited :	Rs.193
Reason of Delisting of Merind Limited ::	Amalgamation

Merind Limited Incorporation Details

Merind Limited CIN Number	U24239MH1958PLC011204
Merind Limited Date of Incorporation	04-Nov-58
Category / Sub-Category of Merind Limited	Public Limited Company
Merind Limited Registered Office Address	READYMONEY TERRACE, 2ND FLOOR, ROOM NO. 5 167, DR. ANNIE BESANT ROAD, WORLI MUMBAI MH 400018 IN

Merind Limited Balance Sheet (In Thousands)

PARTICULARS	2023	2022
ASSETS
Non-current assets
Property, Plant and Equipment	1,397	1,444
Financial assets
Investments	8,44,678	7,99,421
Non-current tax assets (Net)	70,481	69,649
Other non-current assets	4,854	4,851
	9,21,410	8,75,365
Current assets
Cash and cash equivalents	3,732	7,800
Bank balances (other than above)	7,246	22,621
Loans given	11,70,066	10,25,311
Others	796	796
Other current assets	4,630	1,572
	11,86,470	10,58,100
TOTAL ASSETS	21,07,880	19,33,465
EQUITY AND LIABILITIES EQUITY
Equity Share capital	36,420	36,420
Other Equity	18,28,550	17,60,471
	18,64,970	17,96,891
LIABILITIES
Non-current liabilities
Deferred tax liabilities	12,866	9,268
	12,866	9,268
Current liabilities
Borrowings	1,87,736	1,02,012
Other financial liabilities	16,748	400
Other current liabilities	902	236
Current Tax Liabilities (Net)	24,658	24,658
	2,30,044	1,27,306
TOTAL LIABILITIES	21,07,880	19,33,465

Merind Limited Profit & Loss Statement (In Thousands)

PARTICULARS	2023	2022
REVENUE
Other Income	1,10,968	1,14,145
Total Revenue	1,10,968	1,14,145
EXPENSES
Finance costs	7,284	2,843
Depreciation and amortisation expense	47	47
Other Expenses	18,447	2,523
Total Expenses	25,778	5,413
Profit/(Loss) before tax	85,190	1,08,732
Tax Expense
Current Tax	-13,513	-17,648
Deferred Tax (Charge)/Credit – Net	-3,598	-3,376
Profit/(Loss) after Tax	68,079	87,708
Total Comprehensive Income	68,079	87,708
Earnings per equity share of face value of `10 each
Basic `	18.69	24.08
Diluted `	18.69	24.08

Merind Limited Consolidated Cash Flow Statement (In Thousands)

PARTICULARS	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit/(loss) before taxation	85,190	1,08,732
Adjustments for:
Depreciation and amortisation expense	47	47
Finance costs	7,284	2,843
Interest Income	-65,229	-72,010
Fair valuation of preference shares	-17,301	-16,235
Notional interest on preference shares	-27,958	-25,416
Operating loss before Working Capital changes	-17,967	-2,039
Movement in working capital:
(Increase) in Loans and advances and other assets	-3,061	-311
Increase in Liabilities and Provisions	17,014	173
Cash used in Operations	-4,014	-2,177
Income taxes paid, net	-14,885	-11,901
Net cash used in Operating Activities (A)	-18,899	-14,078
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:
Repayment by related parties (net)	-90,700	-1,50,000
Margin money and Fixed Deposits	15,375	29,819
Interest Received	11,174	8,751
Net cash from Investing Activities (B)	-64,151	-1,11,430
CASH FLOWS FROM/ FINANCING ACTIVITIES:
Loan taken from related parties	1,50,000	1,00,000
Repayment of borrowings	-70,000	–
Interest paid	-1,018	-223
Net cash from Financing Activities (C)	78,982	99,777
Net inc/(dec) in cash and cash equivalents (A+B+C)	-4,068	-25,731
Cash and cash equivalents at beginning of year	7,800	33,531
Cash and cash equivalents at end of year	3,732	7,800

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flows from Operating Activities

In 2023, the company reported a net profit before taxation of ₹85,190, and after accounting for adjustments such as depreciation, finance costs, and interest income, the operating loss before working capital changes was -₹17,967. Despite these adjustments, changes in working capital, including increased liabilities and provisions, resulted in cash used in operations of -₹4,014. Furthermore, income taxes paid amounted to -₹14,885, leading to a net cash used in operating activities of -₹18,899.

In 2022, the company reported a higher net profit before taxation of ₹1,08,732, but similar adjustments were applied. Despite the adjustments and changes in working capital, the cash used in operations was -₹2,177, and income taxes paid amounted to -₹11,901, resulting in a net cash used in operating activities of -₹14,078.

Cash Flows Provided by Investing Activities

In 2023, the company experienced cash flows from investing activities including repayment by related parties (net) of -₹90,700, margin money and fixed deposits of ₹15,375, and interest received of ₹11,174. This led to a net cash from investing activities of -₹64,151.

In 2022, the company ‘s investing activities involved a net repayment by related parties of -₹1,50,000, margin money and fixed deposits of ₹29,819, and interest received of ₹8,751. This resulted in a net cash from investing activities of -₹1,11,430.

Cash Flows from Financing Activities

In 2023, financing activities included a loan from related parties of ₹1,50,000, repayment of borrowings of -₹70,000, and interest paid of -₹1,018. This led to a net cash from financing activities of ₹78,982.

In 2022, financing activities involved a loan from related parties of ₹1,00,000 and interest paid of -₹223, with no reported repayment of borrowings. This resulted in a net cash from financing activities of ₹99,777.

Net Change in Cash and Cash Equivalents

The net increase/(decrease) in cash and cash equivalents for 2023 was -₹4,068, starting the year with ₹7,800 and ending with ₹3,732 in cash and cash equivalents.

For 2022, the net increase/(decrease) in cash and cash equivalents was -₹25,731, starting the year with ₹33,531 and ending with ₹7,800 in cash and cash equivalents.

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