Annual Report of MERAKI Ltd. (2019-20) PDF

[Date]
23, D. Street
Mumbai
Web Merakiindustries.com, email- merakindustries@xyz.com 1
INDEX
Name Page.no
History 3-4
Members Of Team 5
About the Business 6
Words for Director 7-11
FMCG Segment 11-14
Personal Care (Oceanica)
Masks (C7 Masks)
Toothpaste (Aqua Fresh Toothpaste)
Sanitizers & Handwash (Sanitron)
Perfumes (Elique)
Packaged Goods (Wheatly)
Juice (Refresco)
Chocolates (Chocoly)
Coffee (Cofftail)
Bakery Items (Kookie)
Paperboards Segment 15-16
Handmade Papers
Notebook/Journals/Planners
Stationery Kits
Pens & Highlighters
IT Segment 17-18
Wi-Fi (Nightcrawlerx7)
Laptop (Brinks)
CINEX
Hospitality Sector 19
Meraki Konark
Meraki Indraprastha
Financial Statements 20
Balance Sheet 21
Cashflow Statement 22
CSR Budget 23-24
Financial Forecasts 24-26
Price Forecasts
Revenue
Earnings Per Shares
Report 26-27
Share Price
Mil Chart
Quarterly Results
Sector Reports 28-29
FMCG
IT
Hotel
Paperboard
[Date]
Audit Report 29-30

23, D. Street
Mumbai
History…
Meraki industries was established in the year 1997 as a manufacturer of FMCG

products which included packed foods. By seeing an increase in market
demand of the product and efficient supply chain management the company
was able to establish itself as a FMCG sector company and was able to acquire
a substantial market in the sector.
In the 2000 It further diversified into segments like paperboards and IT. Under
paperboards segment the company launched its first product in the form of
office and student kids which would provide them with a complete package of
necessary items in their respective areas. The company took the advantage of
change in business environment and developed itself in the IT world by
providing IT solutions and consultancy services, the company also advanced
itself in manufacturing accessories and became a major supplier of raw
materials.
In the year 2002 the company went for its Initial Public Offering (IPO), as the
promoters decided to sell off their 47.2% stake in the company. The IPO of the
company was oversubscribed 2.5 times.
In the year 2004 the company added a new segment to its portfolio and this
time it was the hospitality sector. The company opened its first hotel in Konark
under the name “Meraki Konark”. The hospitality segment of the company
initially trembled in the beginning due to lack of tourism, but in the due course
[Date]
23, D. Street
Mumbai
regular champaigns made by the state government and other local bodies,
footfall increased to 20% for the year. Efficient quality control and proper
management standards increased the rating of “Meraki Konark”. Seeing a
boom in the sector the company decided to open a new branch “Meraki
Indraprastha” giving it a heritage name and a heritage architect look. This also
attracted foreign tourists to feel the Indian ancient architect.
Manufacturing Units
Warehouse Unit & Supply Chain
[Date]
23, D. Street
Mumbai
Members Of the team
Company Secretary- Abhinab Samal

A. Board of Directors
1. Smitaa Sarangi Executive Director
2. Jatin Vyas Independent Director D. Marketing & Sales Committee
3. Arpita Nayak Women Director 1. Pallavi Panda Head of Committee
4. Nandini Parida Small shareholders Director 2. Manish Anurag Member
5. Vishnupriya Women Director 3. Adya Abilipsa Member
6. Aman Jakhar Independent Director 4. Subhalaxmi Jena Member
7. Anjali Sharma Independent Director
8. Sai Kiran Independent Director
E. Remuneration & Compensation
B. Corporate Social Responsibility Committee
1. Sonam Agrawal Head of Committee
Committee 2. Sanjana Agrawal Member
1. Aman Jakhar Independent Director 3. Ipsita Patnaik Member
2. Ankita Mohanty Member 4. Snehansu Dixit Member
3. Ashish Manik Member 1.
4. Sonali Prusty Member F. Technical Team
1. Prateek Purty Manager
C. Audit Committee 2. Sohani Rath Host
1. Anjali Sharma Independent Director 3. Adhyayan Behera Support
2. Vishnupriya Women Director 4. Manish Toppo Presenter
3. Polaki Kirti Member 5.
G. Shareholders of the Company
To be appointed as Board of Directors
[By E-Voting] 1. Sahil Barad Mutual Funds
2. Amisha Chachra NRI
Ankan Mishra
3. S. Vaishnavi FII&PII
Or Pravat Panda
4. Mukul Topno USN Ltd.
5. Suprava Public
6. B.Kiran Public
[Date]
23, D. Street
Mumbai
Business
FMCG Paperboards
IT Hospitality
FMCG
• Personal Care
• Packed Food
Paperboards
• Paper Tales
IT
• Mooi
Hospitality
• Meraki Konark
• Meraki Indraprastha
[Date]
23, D. Street
Mumbai
Your Directors
Smitaa Sarangi:
Smitaa Sarangi, DIN: 00280529, is the Chairperson & CEO of MERAKI

effective May 13, 2018. She was appointed as a Director on the Board of
MERAKI with effect from December 6, 2015 and Chief Executive Officer
from February 5, 2017. Prior to there, she was the Chief Operating Officer of
MERAKI since July 22, 2016. Smitaa is an alumnus of the Indian Institute of
Management, Ahmedabad and Yale University, Sydney. She joined
MERAKI in 1998. Prior to her appointment as a Director on the Board of MERAKI, Smitaa was
President, FMCG Businesses -Foods, Personal Care, Education & Stationery Products, since
December 2012. She has held business leadership positions and also handled a wide range of
responsibilities in manufacturing, operations and information & digital technology. Smitaa became
Divisional Chief Executive of the FMCG Division in 2009, with additional responsibility for the
Company’s Trade Marketing & Distribution Vertical. She has led MERAKI Infotech India Limited, a
wholly owned subsidiary of MERAKI, as its Managing Director from May 2006 to August 2009.
Smitaa served between 2001 and 2006 as the Managing Director of SXY Private Limited, a joint
venture subsidiary company of MERAKI in Nepal. She has also been a Director on the Board of The
FMCG Institute and a past Member of the Board of Governors of the Media Research Users Council.
She has served as Chairperson of CXZ’s FMCG Committee, Chairperson of the Agri & Food
Processing Task Force of the CII Eastern Region and as a Council Member of the CII Eastern Region.
She was also on the Executive Council of The Indian Society of Advertisers. Presently, Smitaa serves
on the National Executive Committees of CXZ. She is also a Director on the Board of US-India
Strategic Partnership Forum and a Member of the Steering Committee of CXZ. During the year, she
was conferred “Innovative Alumnus Award of the year 2016” by the Indian Institute of Management,
Ahmedabad.
Other Directorships:
Name of the Company Position
MERAKI Infotech India Limited - Sr. Vice- Chairperson & Non-Executive Director
MERAKI Hospitality Limited, UK Sr. Vice- Chairperson & Non-Executive Director
MERAKI Infotech (USA), Inc. Sr. Vice- Chairperson & Non-Executive Director
[Date]
23, D. Street
Mumbai
Jatin Vyas:
Jatin Vyas (64), DIN: 00013239, has been on the MERAKI Board since February 9, 2018, first as a
representative of KIC and then in his individual capacity as a Non-Executive Independent Director. A
qualified Chartered Accountant, Vyas retired from MIC in October 2016 as its Chairman.
Subsequently, the Government of India appointed him the Administrator of the Specified Undertaking
of the Unit Trust of India in November 2016, up to May 2017. Mathur took over as Chairman of KIC
at a time when the insurance sector had just opened up. Under his leadership, KIIC successfully rose
to the challenges of a competitive environment by enhancing product offerings. He joined KIC in
1979 as a Direct Recruit Officer and rose to the rank of Chairman. He held various positions in KIC
including Senior Divisional Manager of Gwalior Division, Chief of Corporate Planning, General
Manager of KIC (International) E.C., Zonal Manager in-charge of Western Zone and Executive
Director.
Other Directorships
Name of the company Position

NCM Services Limited Independent Director
BSM Limited Chairman
Nandini Parida:
Nandini Parida (43), DIN-05837022, was appointed as a small shareholder Director on the Board of
MERAKI effective June 15 2018, representing the general insurers’ (public Sector) Association of
India. She holds a master degree in economics and has done MBA from Kerala University, in addition
to being a fellow of the Insurance institute of India. She is currently a whole-time director of National
Insurance Company limited (NIC) since 2017. She has more than 21 years of experience in general
insurance industry. She has joined the new India Assurance Company Limited as a direct recruit
officer in 1997 and gained rich experience in administration, management and core insurance matters,
while working in various capacities in branch/divisional offices, Regional offices and the head office.
In 2006, she was posted to NIC and was heading its Bengaluru Regional Office, before being elevated
to the post of General Manager in 2010.
Other Directorships
ABC Limited Non-executive director
TRC Limited Independent Director
Committee Membership of other companies

Name of the Company Committee Position
ABC Limited Audit Committee Chairperson
WCB Limited Stakeholders Committee Member
[Date]
23, D. Street
Mumbai
Vishnupriya Chhottray:
Vishnupriya Chhottray (45), DIN: 06954879, was appointed as a Non-Executive Women Director on
the Board of MERAKI effective August 19, 2017. A Post Graduate in English Literature, she is also a
Fellow - Harvard University (1993-2000) Jawaharlal Nehru Fellow, and a recipient of the Degree of
Doctor of Letters (Honoris Causa) from the Pondicherry University. She was conferred with the
Vanitha Ratna by the Government of Kerala in 2016. She is currently a Global Fellow of The Wilson
Centre in Washington D.C. and a Councillor of the World Refugee Council. A career diplomat from
the Indian Foreign Service from 2003 to 2011, she served the Government in several important
positions including that of the Foreign Secretary of India. She has represented India in several
countries during her distinguished career and was the first Indian woman to be appointed High
Commissioner to Sri Lanka and Ambassador to Japan. She was also the first woman spokesperson of
the Ministry of External Affairs.
Other Directorships
AAC International Limited Independent Director
XYZ Limited Independent Director
AXX Limited Women Director
Name of the company Committee. Position
AAC International Limited CSR Committee. Chairperson
AABB Limited Audit Committee Member
Arpita Nayak:
Arpita Nayak (48), DIN: 06374957, was appointed as a Non- executive women Director on the Board
of Meraki effective September 6, 2012. A Post Graduate in English Literature, she joined the Indian
Foreign Service in 1987and had an illustrious career spanning 38 years. She served in the Prime
Minister’s Office for six years from 1991 to 1997 working on foreign policy and security matters.
Thereafter, she led the Commercial Wing in the Indian Embassy in Washington as Minister
(Commerce) till 1995. She returned as Director General of the Indian Council of Cultural Relations
overseeing India’s cultural diplomacy. She has had extensive experience in South Asia having worked
on Bangladesh, Sri Lanka and Maldives as Under Secretary and Deputy Secretary in the Ministry of
External Affairs. Later, as Joint Secretary she headed divisions dealing with neighbours, Nepal and
Bhutan, and the South Asian Association for Regional Cooperation (SAARC). As Additional
Secretary, she handled the UN and international security issues. She served as Ambassador of India to
Germany from 2005 to 2009 and then to the United States from 2009 to 2011.
Other Directorships
Company Position
PIT Limited Independent Director
ABD Limited Independent Director
[Date]

23, D. Street
Mumbai
Company Committee Position
PCR limited Corporate Social Responsibility Member
ABD Limited Audit Committee Member
Anjali Sharma:
Anjali Sharma, DIN: 00013239, has been on the MERAKI since July 29, 2016, first as a
representative of ABD and then in her individual capacity as a Non-Executive Independent Director.
A qualified Chartered Accountant Sharma retired from ABD in October 2015 as its Chairperson.
Subsequently, the Government of India appointed her the Administrator of the Specified Undertaking
of the xxx Trust of India in December 2010 up to December 2014. Under her leadership, ABD
successfully rose to the challenges of a competitive environment by enhancing product offerings. She
joined ABD in 2000 as a Direct Recruit Officer and rose to the rank of Chairman. She held various
positions in ABD including Senior Divisional Manager of Gwalior Division, Chief of Corporate
Planning, General Manager of ABD (International) E.C., Zonal Manager in-charge of Western Zone
and Executive Director.
DCMJ Industries Limited Non-Executive Director
ABZ Management Services Independent Director
Name of the company Committee Position
XYZ Limited Nomination & Remuneration committee Chairperson
ABC Investments Limited Audit Committee Member
Aman Jakhar:
Aman Jakhar (62), DIN: 07717430, was appointed as an Independent Director on the Board of
MERAKI effective January 27, 2017, as a representative of a subsidiary of BXZ Ltd. In addition to
holding a Master’s Degree from the University of Cambridge, he is a qualified lawyer from the
Guildford College of Law. Jakhar started his career in 1979 and has held various leadership positions
with major corporates including BCZ Limited and KP2 LLP. At present, he is a Trustee of GHJ
University, UK, and a Director of the XIZ. He has earlier held the position of Global Head of XIZ at
KP2 LLP. Jakhar has a wide range of expertise and understanding of diverse sectors spanning
Investment Banking and Private Equity, Infrastructure, Energy, Transport, Healthcare and Education.
Other Directorships

EGUI Limited Independent Director
UXV Limited Non-Executive Director
[Date]
23, D. Street
Mumbai
S Sai Kiran:
S Sai Kiran is an independent director on the board of Meraki. One of the world’s foremost
consultant, he is a mechanical engineering graduate from IIT and holds an MBA from Harvard.
During his 20 years stint at McKinsey, be led his Washington office and founded the Minneapolis
office before retiring as the chairman of McKinsey, INDIA Over the last 5 years, he worked directly
with the CEOs and promoters of some major companies in INDIA and abroad. Sai has also been
working with several parts of the government and has led efforts around urbanisation, inclusive
growth and energy. He serves as a chairman of Human Resources and the Nomination and
Remuneration Committee, and a member of Audit committee of Meraki He is a member on the board
of American Indian foundation, Saifee hospital, Saifee Burhani Upliftment Trust, Advisory board of
the Indian Institute of Technology Bombay, Wockhardt foundation, Health management research
institute, and Harvard Business School Alumni Association of India. He is also on the global advisory
board of the Booth School of Business, University of Chicago.
Other Directorships:
Name of the Company Position
MNO Limited Non-Executive Director
PSUR Limited Independent Director
FMCG Segment:
Personal Care (OCEANICA)
• MASKS (C7 MASKS)
Tagline- The virus stops here!

USP- It is a Medical grade mask that filters out
smoke, dust particles, and Covid-19 germs
and viruses
• TOOTHPASTE (Aqua Fresh Toothpaste)

[Date]
23, D. Street
Mumbai
Tagline- Tooth care at its best.
USP- It provides protection from cavity
where toothbrush cannot reach. It
provides 24 hours protection from germs
and keeps your breath fresh for a long
time.
• SANITIZER & Hand wash (Sanitron)

Tagline- Healthy bodies begin with clean
hands.
USP-
• Contains 78% isopropyl alcohol.
• Ensures effective hand sanitization
through fast and long-lasting protection
from COVID-19 viruses
PERFUMES (Eliqué)
Tagline- Leave them wanting for more!
USP-
➢ Made with organic ingredients
➢ Eco- certified
➢ No toxic chemicals added
[Date]
➢ Lasts up to 16 hours
23, D. Street
Mumbai
PACKAGED GOODS (WHEATLY)
• Juice (REFRESCO)
Tagline- A sip that freshens up your body& mind.

USP- Made with real fruit pulp. No added
preservatives. No added sweetener. Finest quality
of farm fresh fruits.
• Chocolates (CHOCOLY)
Tagline- One bite can bring thousand
smiles.
USP- Experience the divine flavour of
chocolates with us. Crafted with finesse
and handpicked ingredients. With no
added preservatives and 100% Vegan.
[Date]
23, D. Street
Mumbai
• Coffee (COFFTAIL)
Tagline- Give a little hug to your brain.
USP- Presenting you a delightful cup of
coffee for kick-starting those sleepy days.
Aromatic & exotic taste. Made with
handpicked beans of goodness.
• Bakery Items (KOOKIE)
Tagline- For a good life, Have a good bite

USP- Enjoy every bite with our nutrition
packed munchies. They are low in
calories yet high in taste. No added
preservatives
[Date]
23, D. Street
Mumbai
Paperboards Segment
• Handmade papers
Tagline- Creativity with a fair price!!

USP- Lets save the environment this
pandemic by reducing waste and
using affordable yet aesthetic papers
for your everyday use. Vintage papers
for letters, colourful ones for the DIY
crafts or play around with papers and
explore your creativity.
• Notebooks/ Journals/
Planners
USP
Easy to carry
Available in all sizes
[Date]
23, D. Street
Mumbai
• Stationery Kits

USP- Good quality products that encompass everything you would need. The
collection includes 3 affordable kits for a student, office use and for someone
beginning to explore their artistic side. It comes with a sturdy pouch which can
be used while travelling.
• Pens & Highlighters

USP- Bring home a wide variety highlighter set and fine-tip pens. The pen nibs
are designed in a way to provide you with smooth writing experience. Be it
calligraphy pens, colour pens, glitter pens or just the normal ones, you can get
it all here.
[Date]
23, D. Street
Mumbai
IT SEGMENT
• Wi-Fi (Nightcrawler x7)
Tagline- Building network in no time.

USP-
➢ 2.4 GHz
➢ Metal case
➢ 4G/5G support
➢ New Ultra High Speed 802.11ad
• Laptops (Brinks)
Tagline- IT experiences made for you.USP-
10th Gen Intel Core i7
➢ NVIDIA® GeForce® MX350.
➢ 8GB 2666MHz DDR4 Ram.
➢ 4k Anti-Glare Display.
➢ Storage 1TB SATA 3 SSD
➢ 46Wh Battery
➢ Dual band 802.11ac Wi-Fi 2×2.
➢ Bluetooth V5.0
[Date]
23, D. Street
Mumbai
• CINEX
Tagline: Unstoppable Entertainment

USP: -
➢ Made in India.
➢ Normal package: 199/month
➢ Student package: 149/month (University Authentication)
➢ Documentaries, TV shows, web shows, kid toons
➢ CINEX Edutech:
Tagline: “Ab har bacha mann se padhega”
Career Counselling for students with best counsellors from the country. 1-month free trial.
Lectures from best faculties from top educational institutions
Every Sunday live session with top entrepreneurs of the country.
[Date]
23, D. Street
Mumbai
HOSPITALITY
“MERAKI KONARK”
Tagline- Live your best moments with us!
USP- STATE OF THE ART

ARCHITECTURE
➢ MULTI-CUISINE RESTAURANTS
➢ 24*7 ROOM SERVICE
➢ SPA AND MASSAGE SERVICE
➢ SWIMMING POOL
“MERAKI INDRAPRASTHA”
USP-
• THEMED ARCHITECTURE
• 24*7 SERVICE
• MULTI CUISINE RESTAURANTS
• PRIVATE BEACH
• GAME ROOM
• SWIMMING POOL
• MEDITATION SPACE
[Date]
23, D. Street
Mumbai
FINANCIAL STATEMENTS FOR THE YEAR ENDING 31st MARCH 2020
1-INCOME STATEMENT:
[Date]
23, D. Street
Mumbai
2. BALANCE SHEET –
[Date]
23, D. Street
Mumbai
3-CASHFLOW STATEMENT-
CONCLUSIONS=
1-Over the last 5 years, revenue has grown at a yearly rate of 5.34% as compared to the industry
avg. of 5.28%.
2-The market share has increased from 91.92% to 92.2% over the last 5 years.
3-Over the last 5 years, the net income has grown at a yearly rate of 9.64% as compared to the
industry avg. of 9.92%.
4-total revenue during the year rose 2.91 percent on a year on year basis.
5-depreciation/amortization costs increased by 17.77 percent
6- Net income for the year grew by 21.55 percent.
7-EBITDA increased by 5.54 percent in FY-2020 as compared to 9.90 percent in FY-2019.
8-total assets stood at 77310.75 crores as compared to 71739.03 crores thereby witnessing an
increase of 7.76 percent.
9-total liabilities stood at 11660.02 crores on FY-2020 as compared to 12254.69 crores in FY-2019
there by witnessing a fall of 4.85 percent.
10-total liabilities and shareholders’ equity stood at 77310.75 crores as compared to 71739.03, a
growth by 7.76 percent.
11-over the last 5 years the debt to equity ratio has stood at an avg. of 0.16 percent as compared
to an industry avg. of 0.41 percent.
12-cash flow from operating activities stood at 14689.66 crores in FY-2020 as compared to
12583.41 crores in FY-2019 thereby witnessing a fall of 2106.25 crores.
13-cash flow from investing activities stood at -6174.02 crores in FY-2002 as compared to -5545.68
[Date]
crores in FY-2019.
23, D. Street
Mumbai
Sl CSR Project or Sector in Projects or amount Amount Cumulative Amount spent:
n activity which the programmes (1) outlay spent on expenditure up to the Direct or
o. identified Project is Local area or (budget) the reporting period through
covered other Local area project or projects or Implementing
or other (2) programm programm Agency
State and e wise es
district where 1. Direct 2.
projects or expenditur Overhead
programmes e on s
was undertaken projects or
projects or programm
programmes (1) es
Local area or
other (2) State
and district
where projects
or programmes
was undertaken
1 eradicating hunger, Health & local & Others - 32,00,000 22,00,000 2,00,000 5,00,000 **Through
poverty and Sanitation, Andhra Pradesh, Project
malnutrition, Drinking Telangana,
promoting health Implementing
Water, Karnataka, Tamil Agencies, Govt.
care including
Eradication Nadu, West
preventive health & Dir
care and sanitation of Poverty Bengal, Bihar,
including Uttar Pradesh,
contribution to the Uttarakhand,
Swachh Bharat Jammu & Kashmir,
Kosh set-up by the Maharashtra,
Central Kerala
Government for the
promotion of
sanitation and
making available
safe drinking water
2 Disaster Disaster Bihar, Odisha, 25,00,000 24,00,000 5,50,000 6,50,000 *Through
Management, relief Uttar Pradesh, Project
Including relief, Gujarat, Implementing
rehabilitation Maharashtra, Agencies &
and West Bengal, Direct
reconstruction Karnataka
activities
3 Rural Agri- local & Others - 29,50,000 27,50,000 50,000 3,50,000 *Through
Development developme Andhra Pradesh, Project
projects nt Telangana, Implementing
Karnataka, Tamil Agencies &
Nadu, West
Direct
Bengal, Bihar,
Uttar Pradesh,
Uttarakhand,
Jammu & Kashmir,
Maharashtra,
Kerala
[Date]
23, D. Street
Mumbai
4 Provided Pandemic local & Others - 28,00,000 29,00,000 1,00,000 3,00,000 *Through
ambulance for relief Andhra Pradesh, Project
covid-19 Telangana, Implementing
Karnataka, Tamil Agencies &
Nadu, West
Direct
Bengal, Bihar,
Uttar Pradesh,
Uttarakhand,
Jammu & Kashmir,
Maharashtra,
Kerala
5 Provided relief Pandemic local & Others - 30,00,000 28,50,000 1,50,000 1,00,000 *Through
packages to relief Andhra Pradesh, Project
poor for covid- Telangana, Implementing
19 Karnataka, Tamil Agencies &
Nadu, West
Direct
Bengal, Bihar,
Uttar Pradesh,
Uttarakhand,
Jammu & Kashmir,
Maharashtra,
Kerala
TOTAL 1,44,50,000 1,31,00,000 10,50,000 19,00,000
FINANCIAL FORECASTS-
1-price forecast
[Date]
23, D. Street
Mumbai
2-revenue forecast
3-earnings per share-
CATEGORIES OF SHAREHOLDERS AS ON 31ST MARCH 2020
CATEGORY NO. OF
SHARES HELD %
A. PROMOTERS 331,594,160 47.2
Sub-total (A) 331,594,160 47.2
B. INSTITUTIONAL SHAREHOLDING
Mutual Funds and Banks 144,721,180 20.6
Foreign Portfolio Investors & Foreign Institutional 82,196,010 11.7
Investor
Sub-total (B) 226,917,190 32.3
C. NON-INSTITUTIONAL SHAREHOLDING
Foreign Companies 37,936,620 5.4
NRI’s & Foreign Nationals 32,316,380 4.6
Public & Others 73,765,650 10.5
Sub-total (C) 144,018,650 20.5
[Date]
23, D. Street
Mumbai
Promoters
5% 5%
11% MF & Banks
FII & FPI
47%
12%
Public & others
NRI's & Foreign National
21%
Foreign Companies
SHAREHOLDING PATTERN
Report:
1-share price
[Date]
23, D. Street
Mumbai
MIL CHART
During the month of January, the price of the stock was hovering at around 230-245 levels. It was in a range
bound movement with price moving around the above-mentioned range. During the month of February, a
worldwide fall in exchange markets worldwide caused a market crash in Indian securities exchange causing the
panic among retail traders, financial institutions etc. This led to a series of selling in the coming days leading to
a decline in the stock price from RS 230 to a lower circuit hitting price of RS 133 on 13th march 2020.This led to
a stoppage in the exchange trading session for certain period of time because of nifty hitting lower circuit.
From 15th march onwards market price has been on a rise since then. With a current market price of RS
183.20 our stock price has been recovering from the fall and has since recovered around 40 percent of the
fall.
The current price trend looks upward for the finance department. Along with nifty indices supporting the
movement technically, we expect price to move to its previous price levels before the fall.
2-Quarterly results
The quarterly result of our group properly indicates the effects of corona and lockdowns nationwide.
From September 2019 to March 2020 indicates the consistent results that our stakeholders and
board expects. But since the lockdown and seizure of operations, our total revenue has seen a
decline thus affecting our net profit as well as our EPS (earnings per share).
The total revenue declined from RS 13228.40 crores to RS 11403.59 crores, a decline of RS1824.81
crores that is a 5.24 percent decline. This also led to a decline in the EPS of 3.08 percent.
Since July, recent ease in lockdowns and continuation in operations has led to our company running
again. We hope to have to have consistent revenue again in the next quarter. Looking at the revenue
of past quarters, we expect our revenue to hit RS 13000 crores mark again.
[Date]
23, D. Street
Mumbai
3. Sector Reports:
FMCG:
Meraki Ltd has been dynamic and were undergoing significant changes in the years leading up to the
pandemic.
-It had been trying to compete by way of price cuts and greater offers to consumers in the hope of gaining
market share. Recently, there are a lot of changes in consumer behaviour, due to which FMCG companies will
be forced to adapt their strategy for customer acquisition and retention.
-The composition of the consumption basket has changed due to COVID and some of these changes will be
more permanent than others.
-An increased focus on health and hygiene will become the norm. For the average consumer, we are seeing a
surge in demand for products that enhance personal hygiene in and around homes and workplaces. Products
such as soaps, handwashes, sanitizers, disinfectants, wipes, masks, home cleaning products such as floor
cleaners, kitchen cleaners, toilet cleaners are seeing a surge in demand and this trend is expected to continue
into the future as cleanliness and hygiene are going to be the new mantras. FMCG companies servicing these
requirements are likely to do well.
-Similarly, food staples, and convenience foods such as instant noodles, biscuits, frozen foods, flour, cooking
oils, instant mixes, and nutrition are going to be in demand. -Products that help in building immunity against
illnesses are also in significant demand from the consumers.
IT:
Meraki Ltd faced a significant slowdown in growth during this financial year as they grapple with the upheaval
wrought by the Covid-19 pandemic.
-It will be impacted by the reduced technology spending by client’s worldwide following lockdowns across the
globe.
-Recently, firm has already faced cancellations of projects by clients across sectors due to the reduction in air
travel and closing of cities and countries to embrace social distancing to tackle the pandemic.
-So, the overall performance of IT sector has gone down due to the pandemic.
Hotel:
-The corona virus outbreak in India and the ensuing 70-day government-enforced lockdown has crippled the
hospitality sector of our company. Several restaurants and cafes have shut shop in the last two months, while
large hotel chains are struggling to pay salaries, and in some cases, even laying off staff.
-From touch-less lobbies to spread out banquets, and exhaustive pandemic protocols, everything is on the
menu right now.
-With social distancing being the need of the hour, hotels have tweaked the regular processes and activities to
ensure that least human contact is required.
- Check-in and check-out formalities will be processed digitally. We have altered the designs of our lobbies,
restaurants, and banquets making fewer tables available and also suspended the self-serving buffets wherever
possible.
Paperboard:
Changing nature of educational resources and materials and increasing use if mobiles, tablets by children have
[Date]
changed the entire stationery and books business scenario. On top of it, lockdown restrictions have matters
23, D. Street
Mumbai
worse as customers are not coming to the shops, thereby limiting the showcasing options. Most of the
customers are checking and surfing online, but prefer to buy the products, books from regular shops only.
Traders have also adapted to this new normal and started taking orders either through online or phone and
delivering it through courier.
Independent Auditor’s Report to the Members of MERAKI Limited
Report on the Audit of the Standalone Ind AS Financial Statements
Opinion:
We have audited the accompanying standalone Ind AS financial statements of MERAKI LIMITED (“the
Company”), which comprise the Balance sheet as at March 31, 2020, the Statement of Profit and Loss,
including the statement of Other Comprehensive Income, the Cash Flow Statement and the Statement of
Changes in Equity for the year then ended, and notes to the standalone Ind AS financial statements, including
a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
standalone Ind AS financial statements give the information required by the Companies Act, 2013, as
amended (“the Act”) in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31, 2020, its profit
including other comprehensive income, its cash flows and the changes in equity for the year ended on that
date.
Basis for Opinion
We conducted our audit of the standalone Ind AS financial statements in accordance with the Standards on
Auditing (SAs), as specified under section 143(10) of the Act. We are independent of the Company in
accordance with the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with
the ethical requirements that are relevant to our audit of the financial statements under the provisions of the
Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone Ind AS financial statements.
4.Audit Report
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit
of the standalone Ind AS financial statements for the financial year ended March 31, 2020.
Key audit matters Auditor’s Response

performance. There is a risk of revenue being Tested the effectiveness of such
recorded before control is transferred. controls over revenue cut off at
year-end.
Litigations – Contingencies
The Company has ongoing litigations with various Our audit procedure involves-
authorities and third parties which could have a Assessed in accordance with
significant impact on the results, if the potential accounting standards, the
exposures were to materialize. provisions in respect of litigations
and assessed disclosures relating
[Date]
23, D. Street
Mumbai
thereto, including those for
contingencies
First year audit transition
Initial audit engagements include a number of
elements not performed in recurrent audits. This
includes understanding Company specific risks,
controls, policies and processes in order to establish
an appropriate audit strategy and audit plan.
Engaged with management at a Company and
division
Impairment assessment of property, plant &
equipment (PPE) of Hotel business
• The spread of COVID-19 pandemic is expected to • Obtained and read the
slow down business and leisure travel globally for projections/future cashflows along
the next few years. Consequently, management has with sensitivity analysis thereof.
performed an impairment assessment for several • Evaluated management’s
hotels in its hotel business by calculating their value methodology, assumptions and
in use. estimates used in the calculations of
discounted future cash flows.
• Assessed the recoverability of PPE
with regard to the value in use.
Information Other than the Financial Statements and Auditor’s Report Thereon: The Company’s Board of
Directors is responsible for the other information. The other information comprises the information included
in the Annual report, but does not include the standalone Ind AS financial statements and our auditor’s report
thereon. Responsibilities of Management for the Standalone Ind AS Financial Statements: In preparing the
standalone Ind AS financial statements, management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless management either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the
Standalone Ind AS Financial Statements: Our objectives are to obtain reasonable assurance about whether the
standalone Ind AS financial statements as a whole are free from material misstatement, whether due to fraud
or error, and to issue an auditor’s report that includes our opinion.
Other Matter
The Ind AS financial statements of the Company for the year ended March 31, 2020, included in these
standalone Ind AS financial statements, have been audited by the predecessor auditor who expressed an
unmodified opinion on those statements on May 13, 2020.
Place of Signature: Odisha Date: June 15,2020

Chartered Accountant
ICAI Firm Registration Number: 324982E/E300003
Per Anjali Sharma
Membership Number: 41870
UDIN: 20041870AAAAAS5919
[Date]
23, D. Street
Mumbai

Annual Report of MERAKI Ltd. (2019-20) PDF

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Annual Report of MERAKI Ltd. (2019-20) PDF

Uploaded by

Copyright:

Available Formats

[Date]

Audit Report 29-30

Meraki industries was established in the year 1997 as a manufacturer of FMCG

Warehouse Unit & Supply Chain

Company Secretary- Abhinab Samal

Smitaa Sarangi, DIN: 00280529, is the Chairperson & CEO of MERAKI

Name of the company Position

Committee Membership of other companies

Committee Membership of other companies

Name of the company Position

• MASKS (C7 MASKS)

Tagline- The virus stops here!

• TOOTHPASTE (Aqua Fresh Toothpaste)

• SANITIZER & Hand wash (Sanitron)

Tagline- Leave them wanting for more!

Tagline- A sip that freshens up your body& mind.

• Bakery Items (KOOKIE)

Tagline- For a good life, Have a good bite

Tagline- Creativity with a fair price!!

Tagline- Creativity with a fair price!!

• Pens & Highlighters

Tagline- Creativity with a fair price!!

• Wi-Fi (Nightcrawler x7)

Tagline- Building network in no time.

Tagline: Unstoppable Entertainment

USP- STATE OF THE ART

5-depreciation/amortization costs increased by 17.77 percent

6- Net income for the year grew by 21.55 percent.

7-EBITDA increased by 5.54 percent in FY-2020 as compared to 9.90 percent in FY-2019.

3-earnings per share-

CATEGORIES OF SHAREHOLDERS AS ON 31ST MARCH 2020

Independent Auditor’s Report to the Members of MERAKI Limited

Report on the Audit of the Standalone Ind AS Financial Statements

Basis for Opinion

Key audit matters Auditor’s Response

Place of Signature: Odisha Date: June 15,2020

ICAI Firm Registration Number: 324982E/E300003

Per Anjali Sharma

Membership Number: 41870

You might also like