Merino Industries Limited Unlisted Shares

(A) Background of the Company:

The Merino Group was commissioned in 1965 by the late Man Kumar Lohia and his brothers. The Group has since evolved into the largest manufacturer and exporter of laminates in India. The Company is presently managed by a team of multi-genre professionals. With more than half a decade of experience, the Company has established its respect and leadership in the country’s laminates segment.

The Company is headquartered in Kolkata with manufacturing units in Hapur (Uttar Pradesh), Rohad (Haryana), Hosur (Tamil Nadu) and Dahej (Gujarat).

The Company has a presence in almost all the States and markets its products in more than 60 countries. The Company’s network of more than 4000 dealers (doubled in the last five years) helps provide products across more than 2000 outlets.

(B) Business Segments:

(i) Interior Solutions: Merino is a versatile manufacturer and marketer of Interiors Solutions with a wide array of products for homes, offices, commercial and public areas. In Interior Solutions, plywood was their first product in 1974.

(ii) In the Agro Business: the Merino Group initially began in the cold storage business and subsequently diversified into farming, biotechnology, and food processing. The integration in both directions – forward and backward – has shaped the brand initiative in the FMCG market where we have launched potato flakes and ready to eat snack mixes under a very popular brand name ‘Vegit’.

(iii) In Information Technology Services: Merino Services Limited is a Business Consulting and IT Services organization providing value-added services as a Partner-in-Progress with the esteemed customers and business associates. They specialize in the design/implementation of various business solutions for our customers.

Note: 90% of the business comes from Laminates and rest from others.

(c) Corporate Video to understand Merino Industries

Merino Industries Limited Unlisted Shares Details:

Total Available Shares:	100
Face Value:	₹ 10 Per Equity Share
ISIN:	INE662B01017
Lot Size:	10 Shares
Current Unlisted Share Price:	₹ 3000 Per Equity Share
Retail Discount:	Bulk Deal (1%)

Financials of Merino Industries Limited Unlisted Shares:

(Figures in Crores)

Year	Revenue	EBITDA	EBITDA Margin	PAT	PAT Margin	Equity	EPS
2016	1088	234	21.50%	117	10.80%	1.047	111
2017	1164	239	20.50%	139	11.90%	1.047	132
2018	1239	230	18.60%	123	9.90%	1.047	117
2019	1491	260	17.48%	160	10.70%	1.047	152
2020	1488	235	15.78%	134	9%	1.047	127
2021	1339	252	18.82%	132	10%	1.118	117
2022	1796	253	14%	131	7.2%	1.127	118

Year	Net Worth	Debt	Debt/NW	Current Ratio	ROCE
2016	355	149	0.42	1.58	46%
2017	474	158	0.33	1.77	34%
2018	580	173	0.3	1.78	26%
2019	721	184	0.26	1.74	30%
2020	926	180	0.19	1.73	29%
2021	1036	137	0.13	3.77	27%
2022	1161	294	0.25	1.39	26%

Merino Industries Annual Report 2021-22 Merino Industries Annual Report 2020-21 Merino Industries Annual Report 2018-19 Merino Industries Annual Report 2017-18 Merino Industries Annual Report 2016-17 Corporate Presentation of Merino India

Frequently Asked Questions:

Please find below the procedure for buying Merino Industries Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Merino Industries Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Merino Industries Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Merino Industries Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Merino Industries Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Merino Industries Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Merino Industries Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Merino Industries Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Merino Industries Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Merino Industries Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Merino Industries Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Merino Industries Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Merino Industries Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Merino Industries Limited Unlisted Shares.
- b. Name of Merino Industries Limited Unlisted Shares
- c. Quantity of Merino Industries Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Merino Industries Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Merino Industries Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Merino Industries Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Merino Industries Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Merino Industries Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Merino Industries Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Merino Industries Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Merino Industries Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Merino Industries Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Merino Industries Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Merino Industries Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Merino Industries Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Merino Industries Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Merino Industries Limited Unlisted Shares:

5 Comments

amit

5:36 PM, 8 August 2020

What is current price of this share

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Market Wizard

5:42 AM, 9 August 2020

1800 per shares.

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SUBHAJIT BISWAS

4:13 PM, 30 August 2020

Any deduction in Rates for 50 qty

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Market Wizard

12:34 PM, 4 February 2020

FY18-19 Cash Flow Analysis:

1. Total Cash and Cash Equivalent at the start of year= 9.56 Crores
2. Total Cash and Cash Equivalent at the end of year = 11.62 Crores

So, a total addition of Cash is = 11.62-9.56= 2.06 Crores.

let us see where this addition has come from;

1. Cash flow from Operation = 152.86 Crores

2. Cash Flow from Investment= -138.37 Crores

Mainly the company has done an investment of ~126 Crores in Plant, Property, and Equipment, due to which it has negative cash flow from the investment.

Free cash flow = Cash Flow from Operation- Capital Investment;

This parameter if positive shows the company is generating free cash flow from business which is a very good sign for an investor.

Fress Cash Flow = 152.86-126 = 26 Crores

3. Cash Flow from Financing = -12.42 Crores

They have repaid 14 Cr long term loans and 40 Cr short term loans. However, they have taken 70 Cr short term loans from the bank again. It has paid 4.15 Crores in the dividend.

So, total cash flow in the business is

=152.86-138.37-12.42= 2.06

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Market Wizard

5:57 AM, 19 May 2019

The Company has paid total Rs. 7 per share dividend in the last 2 years.

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