PRIYA INTERNATIONAL LIMITED PRIYA INTERNATIONAL LIMITED
INFORMATION MEMORANDUM
1 PRIYA INTERNATIONAL LIMITED Company
CIN NO
Registered Office
PRIYA INTERNATIONAL LIMITED
L99999MH1983PLC086840
4th Floor, Kimatrai Building, 77 - 79,
Marine Lines (E), Mumbai 400002.
Corporate office
4th Floor, Kimatrai Building, 77 - 79,
Marine Lines (E), Mumbai 400002.
Tel No.
+91-022 4220 3100
Fax No.
+91-22-4220 3197
E-Mail
[email protected]
Website
www.priyagroup.com
Maharshi Karve Marg,
Maharshi Karve Marg,
Company Secretary & Mr. Amit Surase
Compliance Officer
Registrar and
Share Transfer Agent
Bigshare Services Pvt. Ltd.
E-2/3, Ansa Industrial Estate, Saki vihar Road, Saki Naka,
Andheri (E), Mumbai-400 072
Website: www.bigshareonline.com
2 PRIYA INTERNATIONAL LIMITED INFORMATION MEMORANDUM
FOR LISTING OF 9,96,000 EQUITY SHARES
OF RS.10/- EACH FULLY PAID UP
GENERAL RISK
Investment in equity and equity-related securities involve a degree of risk and investors should
not invest in the equity shares of Priya International Limited unless they can afford to take the
risk of involved in their investment. Investors are advised to read the Risk Factors carefully
before taking an investment decision in the shares of Priya International Limited. For taking an
investment decision, investors must rely on their own examination of the Company including the
risks involved.
ABSOLUTE RESPONSIBILITY OF PRIYA INTERNATIONAL LIMITED.
Priya International Limited having made all reasonable inquiries, accepts responsibility for, and
confirms that this Information Memorandum contains all information with regard to Priya
International Limited which is material, that the information contained in the Information
Memorandum is true and correct in all material aspects and is not misleading in any material
respect, that the opinions and intentions expressed herein are honestly held and that there are
no other facts, the omission of which makes this Information Memorandum as a whole or in part
misleading in any material respect.
LISTING
The existing Equity Shares of the Company are listed on the Calcutta Stock Exchange Limited,
Delhi Stock Exchange Limited & U. P. Stock Exchange Limited. Now the Company proposes to
list the equity shares of the company on the MCX Stock Exchange Limited. An application is
being made along with the information memorandum to MCX stock Exchange seeking listing.
TABLE OF CONTENTS
Sr.
No.
I
II
III
IV
V
VI
VII
VIII
IX
Particulars
Page No.
Definitions, Abbreviations and Industry related terms
Risk Factors and Management Perceptions thereof
General Information
Capital Structure
Company History & Management.
4
6
9
10
17
Overview of Organization Structure & Senior
Management Personnel
Financial Overview
Outstanding Litigations, Defaults and Material
Developments
Declaration
22
3 23
28
28
PRIYA INTERNATIONAL LIMITED I. DEFINITIONS, ABBREVIATIONS AND INDUSTRY RELATED TERMS
Unless the context otherwise indicates, the following terms have the meanings given below.
References to statutes, rules, regulations, guidelines and policies will be deemed to include all
amendments and modifications notified thereto.
Term
“The Company” or
“Company”or“our
Company” “PIL” or
“Priya International
Limited”
Description
Priya International Limited, a Company constituted under the
Companies Act, 1956, having its Registered Office at 4th Floor,
Kimatrai Building, 77 - 79,
Maharshi Karve Marg, Marine
Lines (E), Mumbai 400002.
Act or Companies
Act
Articles/AOA
AGM
Auditor
The Companies Act, 1956 and the amendments made thereto
from time to time.
Articles of Association of Priya International Limited
Annual General Meeting
The Statutory Auditors of Priya International Limited being,
M/s. M. L. BHUWANIA & CO., Chartered Accountants.
Accounting Standards
Board of Directors of Priya International Limited
Calcutta Stock Exchange Limited
Central Depository Services (India) Limited
Compound Annual Growth Rate
Corporate Social Responsibilities
Delhi Stock Exchange Limited
The Depositories Act, 1996 as amended from time to time
A depository registered with SEBI under the Securities and
Exchange Board of India (Depositories and Participants)
Regulations, 1996, as amended
Depository Participant
Director Identification Number
Directors on the Board of Priya International Limited
Extraordinary general meeting
Equity Shareholders of the Company
AS
Board
CSE
CDSL
CAGR
CSR
DSE
Depositories Act
Depository
DP
DIN
Director(s)
EGM
Equity
Shareholders
EPS
Equity Shares
Earning per Share
Equity Shares of the Company of face value of Rs. 10/- each
unless otherwise specified in the context thereof
FC
Foreign currency
FDI
Foreign Direct Investment
FEMA
Foreign Exchange Management Act, 1999, together with rules
and regulations there under
Financial Year/Fiscal 12 months period ending on March 31 of a particular year.
Year/F
Unless otherwise stated
GDP
Gross Domestic Product
Information
This Information Memorandum
Memorandum
HUF
Hindu Undivided Family
Indian GAAP
Generally Accepted Accounting Principles in India
IT Act
Income Tax Act, 1961 and subsequent amendments thereto
ICAI
The Institute of Chartered Accountants of India
4 PRIYA INTERNATIONAL LIMITED ICSI
MD
The Institute of Companies Secretaries of India
Managing Director
MOA
NSDL
NCR
NCT
Non Resident / NRI
Memorandum of Association of Priya International Limited
National Securities Depository Limited
National Capital Region
National Capital Territory
A Person resident outside India, as defined under FEMA and
includes a Non-Resident Indian
Profit after tax
Permanent Account Number allotted under the Income Tax
Act, 1961 of India
Profit Before Tax
Reserve Bank of India
Registrar of Companies, Mumbai.
Indian Rupees
Securities Contracts (Regulation) Act, 1956 and rules thereof.
Securities Contracts (Regulation) Rules, 1957 and rules
thereof.
Securities and Exchange Board of India
Securities and Exchange Board of India Act, 1992 and rules
thereof.
U.P Stock Exchange Limited
PAT
PAN
PBT
RBI
ROC
Rs. / Rupees
SCRA
SCRR
SEBI
SEBI Act
UPSE
CERTAIN CONVENTIONS; USE OF MARKET DATA
Unless indicated otherwise, the financial data in this Information Memorandum is derived from
our financial statements prepared in accordance with the Generally Accepted Accounting
Principles in India (“Indian GAAP”) and the Companies Act, 1956, as amended (“Companies Act”)
included elsewhere in this Information Memorandum.
Unless stated otherwise the financial year commences on April 1st and ends on March 31st, so
all references to a particular financial year are to the twelve-month period ended March 31st of
that year. Any discrepancies in any table between the total and the sums of the amounts
mentioned are due to rounding off.
The information in this information memorandum has been taken from Financial Statements
and annual Reports of the Company and Group Companies and Directors’ Report and Auditors
Reports thereon and some other information pertaining to industry has been derived from,
government websites and other reliable sources. We believe that industry data used in this
Information Memorandum is reliable though it has not been independently verified by the
company.
FORWARD LOOKING STATEMENT
Statements included in this Information Memorandum which contains words or phrases such as
“will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”,
“intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “ should”, “will
pursue” and similar expression or variations of such expressions, that are “forward-looking
statements” and involve risks and uncertainties.
All forward looking statements are subject to risks, uncertainties and assumptions that could
cause actual results to differ materially from those contemplated by the relevant forward looking
statement. Important factors that could cause actual results to differ materially from our
expectations include, among others:
5 PRIYA INTERNATIONAL LIMITED •
•
•
•
General economic and business conditions in India and other countries;
Our ability to successfully implement our strategy, our growth and expansion plans and
technological changes;
Changes in the value of the Indian Rupee and other currency changes;
The occurrence of natural disasters or calamities.
•
•
•
•
•
•
Changes in laws and regulations in India
Changes in political conditions in India;
The Loss of our Key Employees and Staff.
Any adverse outcome in the legal proceedings in which the Company is involved.
The Company’s ability to meet its capital expenditure requirements;
Changes in the foreign exchange control regulations in India.
For further discussion of factors that could cause our actual results to differ, see the section
titled “Risk Factors”. By their nature, certain risk disclosures are only estimates and could be
materially different from what actually occur in the future. As a result, actual future gains or
losses could materially differ from those that have been estimated.
We do not have any obligation to and do not intend to, update or otherwise revise any
statements reflecting circumstances arising after the date hereof or to reflect the occurrence of
underlying events, even if the underlying assumptions do not come to fruition.
II. RISK FACTORS AND MANAGEMENT PERCEPTIONS THEREOF
An investment in equity securities involves a high degree of risk. Investors should
carefully consider all information in this Information Memorandum, including the risks
and uncertainties described below, before making an investment in our Equity Shares.
Occurrence of any of the following risks as well as the other risks and uncertainties
discussed in this Information Memorandum could have a material adverse effect on our
business, financial condition, results of operations and could cause the trading price of
our Equity Shares to decline, which could result in the loss to the investor.
Management Perception
The Company, at present follows such rules, regulations and guidelines as may be applicable to
a Company. It follows and regularly complies with the guidelines issued by SEBI, Companies Act
from time to time and will always strive to take due care to follow the same. Thus the
applicability of such laws will have limited consequences upon business and performance of the
Company.
The Company follows a systematic process for planning and implementation of its strategies. The
Company is exposed to specific risks that are particular to its business and the environment
within which it operates. The measurement, monitoring management of risk remains key focus
areas for the Company.
The Company has in built balancing business strategy/approach so as to ensure minimum
effect on the business of the company in the adverse situations of political, economic scenario
and government Policies.
6 PRIYA INTERNATIONAL LIMITED RISK IN INVESTING IN SECURITY OF THE COMPANY:
The prices of our equity shares may fluctuate after listing due to a wide variety of
factors, including volatility in the Indian and global securities markets; our operational
performance, financial results and capacity expansion; developments in India’s
economic liberalization and deregulation policies, and changes in India’s laws and
regulations impacting our business. There is no assurance that an active trading market
for our equity shares will develop or be sustained after listing.
INTERNAL RISK FACTORS
1. The Company may not continue the same growth rate, which can materially have
adverse effect in the financial conditions and future prospects of the Company.
As the Company continues to grow, there needs to be improvements in terms of technical and
operational knowledge. Implementation of effective management information systems is also
required. The Company will also need sufficient internal accruals and borrowings from
external sources. There will be increase in number of clients, suppliers, contractors, service
providers, investors, lenders and other third parties. The Company will need to strengthen
its internal control and compliance functions to ensure the compliance of legal and
contractual obligations and minimize its operational and compliance risk. There can be no
assurance that the company will not suffer from any capital constrains or operational
difficulties. There can also be no assurance that the Company will be able to successfully
manage its growth or its expansions plans. The existing operations may also be adversely
affected and may have material impact on the business, financial conditions, results of
operations and future prospects of the Company.
2. The Company is dependent on a number of key personnel and the loss of such persons
or its inability to attract or retain key personnel in the future, could adversely affect
the business operations of the Company.
The success of the Company depends on the continued services and performance of its team
members, including the Chairman & Whole Time Director, other key employees and its other
Promoters. Demand for senior management personnel in its business is intense and it may
not be able to retain the existing senior management personnel, attract senior management
personnel of similar capabilities / skill-sets or retain new senior management personnel in
the future. The loss of the services of the senior management team or other key personnel
could adversely affect the business and operations and financial position of the Company.
3. Growing competition
profitability.
may
adversely
affect
our
competitive
position
and
our
We operate in a highly competitive environment wherein we need to cater the ever changing
customer needs, increasing competition from global players and need to meet stringent
regulatory requirements. Significant additional competition in the markets where we sell
products may see our market share eroded.
7 PRIYA INTERNATIONAL LIMITED 4. The Company’s ability to pay dividends in the future will depend upon its future
earnings, financial condition, cash flows, and required or planned capital expenditures.
The amount of future dividend payments, if any, will depend on our Company‘s future
earnings, financial condition, cash flows, working capital requirements and capital
expenditures. Any inability to pay dividends in the future may adversely affect the trading
price of the Equity Shares.
EXTERNAL RISK FACTORS
5. A slowdown in economic growth in India could cause our business to suffer.
Our performance and growth are dependent on the health of the Indian economy. The
economy could be adversely affected by various factors such as political or regulatory action,
including adverse changes in liberalization policies, social disturbances, terrorist attacks
and other acts of violence or war, natural calamities, interest rates, commodity and energy
prices and various other factors. Any slowdown in the Indian economy may adversely impact
our business and financial performance and the price of our equity shares.
6. Volatility in political, economic and social developments in India could adversely affect
our business.
The central and state governments serve multiple roles in the Indian economy, including
producers, consumers and regulators, which may have a significant influence on us.
Economic liberalization policies have encouraged private investment in our industry and
changes in these governmental policies could have a significant impact on the business and
economic conditions in India, which in turn could adversely affect our business, future
financial condition and results of operations. In addition, the leadership of India has
undergone multiple changes since 1996. Any political instability in India may adversely
affect the Indian securities markets in general, which could also adversely affect the trading
price of our Equity Shares.
7. Any downgrading of India’s debt rating by an independent agency may harm our ability
to raise debt financing.
Any adverse revisions to India’s credit ratings for domestic and international debt by
international rating agencies may adversely affect our ability to raise additional financing and
the interest rates and other commercial terms at which such additional financing is available.
This could have a material adverse effect on our capital expenditure plans, business and
financial performance.
8. Civil disturbances, regional conflicts and other acts of violence in India and abroad
may disrupt or otherwise adversely affect the Indian economy.
Certain events that are beyond the control of our Company, such as violence or war may
adversely affect worldwide financial markets and could potentially lead to a severe economic
recession, which could adversely affect our business, results of operations, financial
condition and cash flows, and more generally, any of these events could lower confidence in
India's economy. Political tensions could create a perception that there is a risk of disruption
8 PRIYA INTERNATIONAL LIMITED of services provided by India-based companies, which could have an adverse effect on our
business, future financial performance and price of the Equity Shares.
9. Change in wage structure across Industry will affect our operations adversely.
We may need to increase the levels of its employee compensation to remain competitive and
manage attrition as human resource remains a cornerstone. Compensation increases may
result in a material adverse effect on our business, results of operation and financial
condition. However, such a material impact cannot be quantified.
10.
Taxes and other levies imposed by the Government of India or other state
governments, as well as other financial policies and regulations, may have a material
adverse effect on our business, financial condition and results of operations.
Taxes and other levies imposed by the central or state governments in India that affect our
industry include customs duties, excise duties, sales tax, service tax, income tax and other
taxes, duties or surcharges introduced on a permanent or temporary basis from time to time.
The central and state tax scheme in India is extensive and subject to change from time to
time. Any adverse changes in any of the taxes levied by the central or state governments may
adversely affect our competitive position and profitability.
III. GENERAL INFORMATION
Incorporation
Originally incorporated as Public Limited Company in the name & style of “Uphar Projects
Limited” with the Registrar of Companies, Calcutta vide Certificate of Incorporation dated May
05th, 1983. Further the name of company was changed to “Priya International Limited” vide
fresh Certification of Incorporation dated March 27th, 1992.
Listing of equity shares on MCX Stock Exchange Limited:
Equity Shares of the Company are proposed to be listed and to be traded on MCX stock
Exchange Limited. Such admission for trading will be subject to fulfillment by the Company of
listing criteria and subject to such other terms and conditions as may be prescribed by MCX
Stock Exchange Limited at the time of the application by the Company seeking listing.
Eligibility Criterion:
The Company is submitting its Information Memorandum, for listing of Equity Shares under new
norms for direct listing for the companies already listed on other recognized Stock Exchange and
it contains information about the Company, making disclosures in line with the disclosure
requirement for public issues, as applicable, to MCX Stock Exchange Limited for making the
said Information Memorandum available to public through their website viz. www.mcx-sx.com/.
Prohibition by SEBI:
The company, its directors, its promoters, other companies promoted by the promoters and
companies with which the company’s directors are associated as directors have not been
prohibited from accessing the capital markets under any order or direction passed by SEBI.
General Disclaimer from the Company:
The Company accepts no responsibility for statements made otherwise than in the Information
Memorandum or any other material issued by or at the instance of the Company and anyone
placing reliance on any other source of information would be doing so at his or her own risk. All
9 PRIYA INTERNATIONAL LIMITED information shall be made available by the Company to the public and investors at large and no
selective or additional information would be available for a section of the investors in any
manner.
Listing
Application is being made to MCX Stock Exchange limited, for permission to deal in and for an
official quotation of the Equity Shares of the company. The company has taken steps for
completion of necessary formalities for direct listing of its shares and commencement of trading
at the MCX Stock Exchange Limited.
Demat Credit
The Company has executed Agreements with NSDL and CDSL for its securities in Demat form.
Tripartite agreements have been signed between the Company, the Registrar and CDSL and
NSDL. The ISIN No. allotted to the Company is INE557E01013.
Registrar of Companies, Mumbai
100, Everest,
Marine Drive
Mumbai- 400002.
Stock Exchanges Where Company is listed
a.) The Calcutta Stock Exchange Limited
b) Delhi Stock Exchange Limited
c.) U. P. Stock Exchange Limited
Auditors
M/s. M. L. BHUWANIA & CO.
Chartered Accountants
F-11, 3rd floor, Manek Mahal, 90,
Veer Nariman Road, Churchgate,
Mumbai -400 020
Bankers to the Company
Vijaya Bank
Indian Bank
IV. CAPITAL STRUCTURE OF THE COMPANY
Particulars
A.
Aggregate Nominal
Value (Rs.)
Authorized Capital
10,00,000 Equity Shares of Rs. 10/- each
1,00,00,000/-
B. Issued, Subscribed & Paid up Capital
9,96,000 Equity Shares of Rs. 10/-
99,60,000/-
10 PRIYA INTERNATIONAL LIMITED Notes to Capital Structure:
Changes in the paid up Capital of the Company:
Date
of
allotment
of Shares
Shares Issued
Numbe
r
% to
total
Share
Capital
Cumulative
Up Capital
Number
Paid
Mode
Allotment
Of
to
&
to
Identity of Allottees
%
to
total
share
capital
05.10.1983
99000
9.94%
99000
9.94%
Subscription
the
MOA
Allotment
Directors,
Promoters.
30.12.1983
150000
15.06%
249000
25%
Public Issue
Public
Bonus Issue
Existing
Shareholders(in the
ratio of 1:1)
Bonus Issue
Existing
Shareholders(in the
ratio of 1:1)
10.06.1994
30.03.1996
249000
498000
25%
50%
498000
50%
996000
100%
Promoters, Directors,
relatives & Friends
PARTICULARS OF COMMISSION, BROKERAGE, DISCOUNT OR OTHER SPECIAL TERMS
FOR ISSUE OF ANY KIND OF SECURITIES
The Company has not paid any commission and/or brokerage and / or discount and/or issued
any kind of securities to any person on special terms including an option for issue of any kind of
securities granted to any person.
Top Ten Shareholders of the Company
Sr.
No.
1
2
3
4
5
6
7
8
9
10
NAME OF THE SHAREHOLDER
NO OF SHARES
RAJRATAN BABULAL AGARWAL
P.V.HARIHARAN
SHANTA HARIHARAN
HITESH LODHA
PREMCHAND CHOUDHARY
NAINAMAL BHATI
RAJENDRA KUMAR H.DALAL
MADHUSUDAN H.DALAL
N.GOPAL
NITA.M.DALAL
15000
10000
4400
4150
2800
2400
2000
2000
2000
2000
11 % OF TOTAL PAID
UP CAPITAL
1.51
1.00
0.44
0.42
0.28
0.24
0.20
0.20
0.20
0.20
PRIYA INTERNATIONAL LIMITED SHAREHOLDING PATTERN (31-03-2015)
Introductory sub-table (I)(a)
Name of the Company: Priya International Limited
Scrip code, Name of the scrip, class of security:, Equity Shares
Partly paid-up Shares
As a % of total
No. of partly
paid-up Shares
0
0
0
Held by Public
0
0
0
Total
0
0
0
As a % of total
number
of
outstanding
Convertible
Securities
As a % of total
Number of Shares of
the
Company,
assuming
full
of
conversion of the
convertible
Securities
Convertible
Number of Outstanding
Securities
Held by Promoter/Promoter
Group
0
0
0
Held by Public
0
0
0
Total
0
0
0
As a % of total
number
of
Warrants
As a % of total
number of shares of
the
Company
,
assuming
full
conversion
of
Warrants
Warrants:-
Number of Warrants
Held by Promoter/Promoter
Group
0
0
0
Held by Public
0
0
0
Total
0
0
0
total Paid-up capital of
the Company , assuming
full
conversion
of
Warrants and convertible
Securities
Cat
ego
ry
cod
e (i)
Category
of
Shareholder (ii)
996000
Statement Showing Shareholding
Table (I)(a)
Number
Total number Number of
of
of shares (iv) shares held
Shareho
in
lders
dematerializ
(iii)
ed form (v)
12 As a % of total no.
of shares of the
Company
Held by Promoter/Promoter
Group
Outstanding
Securities
Number of partly paid
up Shares
100
Pattern
Total shareholding as a
percentage of total number
of shares
As
a
percentage
of(A+B) (vi)
As
a
percentage
of
(A+B+C)
(vii)
Shares
Pledged or
otherwise
encumbered
Numb
As
er of a
share
per
s
cen
(viii)
tag
e
PRIYA INTERNATIONAL LIMITED (ix)
(A)
(1)
(a)
Individuals/ Hindu
Undivided Family
7
893550
893550
89.71
89.71
0
0.0
(b)
Central
Government/ State
Government(s)
Bodies Corporate
0
0
0
0.0
0.0
0
0.0
0
(c)
0
0
0
0
0
0.0
0
0
0
0.0
0.0
0
0.0
(e)
Financial
Institutions/
Banks
Any Others(Specify)
0
0
0
0.0
0.0
0
0.0
Sub Total(A)(1)
7
893550
893550
89.71
89.71
0
0.0
(2)
Foreign
(a)
0
0
0
0.0
0.0
0.0
0.0
(b)
Individuals
(NonResidents
Individuals/
Foreign
Individuals)
Bodies Corporate
0
0
0
0.0
0.0
0.0
0.0
(c)
Institutions
0
0
0
0.0
0.0
0.0
0.0
(d)
Qualified
investors
Any other
0
0
0
0.0
0.0
0.0
0.0
(d)
(e)
foreign
Sub Total(A)(2)
0
0
0
0.0
0.0
0.0
0.0
Total
Shareholding
of
Promoter
and
Promoter
Group
(A)= (A)(1)+(A)(2)
Public
shareholding
Institutions
7
893550
893550
89.71
89.71
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
(i)
Mutual
Funds/
UTI
Financial
Institutions / Banks
Central
Government/ State
Government(s)
Venture
Capital
Funds
Insurance
Companies
Foreign
Institutional
Investors
Foreign
Venture
Capital Investors
Qualified
foreign
investors
Any Other (specify)
0
0
0
0.0
0.0
0
0.0
Sub-Total (B)(1)
0
0
0
0.0
0.0
0
0.0
B2
Non-institutions
(a)
Bodies Corporate
2
350
350
0.01
0.01
0
0.0
(b)
Individuals
(b)
(I)
Individuals
I. Individual share
holders
holding
nominal
share
capital up to Rs 1
204
87100
9900
8.74
8.74
0
0.0
(B)
-1
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
Shareholding
of
Promoter
and
Promoter Group2
Indian
13 PRIYA INTERNATIONAL LIMITED lakh
(b)
(II)
(c)
(d)
1
2
ii.
Individual
shareholders
holding
nominal
share capital in
excess of Rs. 1
lakh.
Qualified
foreign
investors
Any Other -HUF
1
15000
15000
1.51
1.51
0
0.0
0
0
0
0.0
0.0
0
0.0
0
0
0
0.0
0.0
0
0.0
Sub-Total (B)(2)
207
102450
25250
10.29
10.29
0
0.0
Total
Public
Shareholding
(B)=(B)(1)+(B)(2)
TOTAL (A)+(B)
207
102450
25250
10.29
10.29
0
0.0
214
996000
918800
100.00
100.00
0
0.0
0
0
0
0.0
0.0
0
0.0
Shares
held
by
custodians
and
against
which
depository receipts
have been issued
Promoter
and
promoter group
Public
GRAND
TOTAL
(A)+(B)+(C)
0
0
0
0.0
0.0
0
0.0
214
996000
918800
100.00
100.00
0
0.0
(I) (b) Statement showing holding of securities (including shares, warrants, convertible securities) of persons belonging
to the category “Promoter and Promoter Group”
Sr.
No.
Name
of
the
sharehold
er(s)
Total
held
Number
of
shares
shares
As a
% of
gran
d
total
(A)
+(B)
+( C )
Shares
pledged
or
otherwise Encumbered
Shares (*)
Details
warrants
Nu
mb
er
Numb
er of
warra
nts
held
As
a
percen
tage
As a %
of
grand
total
(A)+(B)+
(C)
of
subclause
(I)(a )
14 of
As
a
%
total
no. of
warra
nts of
the
same
class
Details
convertible
securities
Number
of
converti
ble
securiti
es held
of
As a %
of total
number
of
converti
ble
securiti
es
of
the
same
class
Total
Shares
(includi
ng
underlyi
ng
shares
assumin
g
full
convers
ion
of
warrant
s
and
converti
ble
securiti
es) as a
%
of
diluted
share
capital
PRIYA INTERNATIONAL LIMITED 1
2
3
4
5
6
7
ASHISH
BHUWANIA
ADITYA
BHUWANIA
ARUN
KUMAR
BHUWANIA
MINI
BHUWANIA
SHRUTI
BHUWANIA
SAROJ
BHUWANIA
ARUNKUMA
R
BHUWANIA
(HUF)
TOTAL :
136100
13.66
0
0.0
106350
10.68
0
0.0
0
0
0
0
0
13.66
0
0
0
0
10.68
0
0
0
0
24.03
0
0
0
0
6.65
0
0
0
0
6.08
0
0
0
0
25.92
0
0
0
0
2.69
0
0
0
0
89.71
0
239300
24.03
0
0.0
66200
6.65
0
0.0
0
0
60600
6.08
0
0.0
0
258200
25.93
0
0.0
0
26800
2.69
0
0.0
893550
89.71
0
0.0
0
0
(I) (c) (I) Statement showing holding of securities (including shares, warrants, convertible securities) of persons belonging to the
category “Public” and holding more than 1% of the total number of shares
Sr.
No.
Name
of
the
shareholde
r
Number
of shares
RAJRATAN
BABULAL
AGARWAL
1
Details of warrants
Details
of
securities
Number
of
warrants
held
Number of
convertible
securities
held
Total
Shar
es
(incl
udin
g
unde
rlyin
g
shar
es
assu
ming
full
conv
ersio
n of
warr
ants
and
conv
ertib
le
secu
rities
) as a
% of
dilut
ed
shar
e
capit
al
1.51
0
As a %
total no.
of
warrants
of
the
same
class
0.00
1.00
0
0.00
0
0.0
1.00
10000
25000
2.51
0
0
0
0
2.51
15 convertible
0
As a % of
total number
of
convertible
securities of
the
same
class
0.0
1.51
15000
P.V.HARIHA
RAN
2
TOTAL
Shares
as
a
percentage of total
number of shares
{i.e., Grand Total
(A)+(B)+(C)
indicated
in
Statement at Para
(I)(a) above}
PRIYA INTERNATIONAL LIMITED (I)(c)(ii)
Sr.
No.
Statement showing holding of securities (including shares, warrants, convertible securities) of persons (together
with PAC) belonging to the category “Public” and holding more than 5% of the total number of shares of the
company
Name
of
the
shareholde
r
1
Total
(I)(d)
Sr. No.
1
Number
of shares
0
0
Shares
as
a
percentage of total
number of shares
{i.e., Grand Total
(A)+(B)+(C)
indicated
in
Statement at Para
(I)(a) above}
0
0.00
of
Number
of
warrants
held
As a
%
total
no. of
warra
nts of
the
same
class
0
0.00
0
0
Name of the shareholder
Number of
locked-in
shares
Nil
Number
of
convertible
securities held
0
0
convertible
As a % of
total
number of
convertibl
e
securities
of
the
same
class
0.00
0.00
Total
Shares
(includi
ng
underly
ing
shares
assumi
ng full
convers
ion
of
warrant
s
and
convert
ible
securiti
es) as a
%
of
diluted
share
capital
0.00
0.00
Locked-in shares as a percentage of total number of shares
{i.e., Grand Total (A)+(B)+(C) indicated in Statement at para
(I)(a) above}
0
0.00
0
0.00
16 Details
of
securities
Statement showing details of locked-in shares
TOTAL
Details
warrants
PRIYA INTERNATIONAL LIMITED (II)(a) Statement showing details of Depository Receipts (DRs)
Sr. No.
1
Total
Type of outstanding DR (ADRs,
GDRs, SDRs, etc.)
Nil
Number
of
outstanding
DRs
Number
of
shares
underlying
outstanding
DRs
Shares underlying outstanding DRs
as a percentage of total number of
shares {i.e., Grand Total (A)+(B)+(C)
indicated in Statement at para (I)(a)
above}
0
0
0
0
0.00
0.00
(II)(b) Statement showing Holding of Depository Receipts (DRs), where underlying shares are in excess of 1% of the total
number of shares
Sr. No.
Name of the DR Holder
Type
of Number
of Shares underlying outstanding DRs
outstanding
shares
as a percentage of total number of
DR
(ADRs,
underlying
shares {i.e., Grand Total (A)+(B)+(C)
GDRs, SDRs, outstanding
indicated in Statement at para (I)(a)
etc.)
DRs
above}
1
TOTAL
Nil
Nil
0
0
0
0
0.00
0.00
DETAILS OF OUTSTANDING CONVERTIBLE INSTRUMENTS
The company has not any outstanding convertible instruments pending for conversion.
V. Company History & Management
Brief History of the Company
Originally incorporated as Public Limited Company in the name & style of “Uphar Projects
Limited” with the Registrar of Companies, Calcutta vide Certificate of Incorporation dated May
05th, 1983. Further the name of company was changed to “Priya International Limited” vide
fresh Certification of Incorporation dated March 27th 1992.
The Shares of Priya International Limited are presently listed on Calcutta Stock Exchange
Limited, Delhi Stock Exchange Limited & U. P. Stock Exchange Limited.
BUSINESS ACTIVITIES OF THE COMPANY
Priya International Limited (PIL) is an agency, distributor and trading company with their HO
situated in Mumbai. Our activities are described as under:The agency activity deals with overseas manufacture suppliers of various chemical intermediates
and Pharmaceutical raw material and servicing multiple industries.
Import enquiries are received from various customers who are referred to overseas principals for
offers. The offers are then provided to the customers and firm order proposals are taken up for
negotiation and finalization including payment terms which can be either LC or DA/DP.
In consideration of our services, the overseas suppliers pay PIL consideration/commission at
mutually agreed terms from time to time. These commissions receivable by us become due and
payable only after the realization of the suppliers Invoice/draft amount from the customers in
India. The considerations are received in convertible foreign exchange through banking channels
in India. We do not receive any considerations / commissions from customers in India.
17 PRIYA INTERNATIONAL LIMITED Distribution business is importing various chemicals from overseas suppliers, clearing
customers by paying the import duties/ other levies and storing at designated warehouses.
These products are supplied in lots/qtys as per customer’s requirement to their various
locations in India. The transaction gets completed on receiving our invoiced amounts and
relevant statutory forms depending on the location of supply.
COMPETITIVE STRENGTHS
Experienced Management
We believe that our talented and experienced Promoters and Directors are the principal reason
for the growth of our company. We believe that extensive experience of our management and
staff facilitates with a significant competitive advantage.
Major Events
Year
Events
May, 1983
Incorporated as Uphar Projects Limited.
March, 1992
Company Name change From Uphar Projects Limited to Priya International
Limited.
February, 1995
Shifting of Registered Office of the Company from the State of West Bengal to
the State of Maharashtra.
MANAGEMENT OF THE COMPANY
Priya International Limited is a professionally managed company. The overall management is
vested in the Board of Directors, comprised of qualified and experienced persons. We currently
have seven directors on our Board.
BOARD OF DIRECTORS
SR.
NO.
NAME OF THE
DIRECTOR
DIN NO./
ADDRESS
OTHER
DIRECTORSHIP
Qualification
1
Arun Kumar
Bhuwania
DIN :
00387445
Address:
Dariya MahalA, 15th Floor,
Nepean Sea
Road,
Mumbai400006.
1) VXL
Instruments Ltd.
2) Priya Ltd
B.Sc. from
University of
Calcutta in
Maths
(Presidency
College,
Calcutta)
2
Aditya Bhuwania
DIN :
00018911
Address: 88,
Dariya MahalA, 80, Nepean
Sea Road,
1) Priya Ltd
2) Cheshire
Properties
Investment Pvt.
Ltd
3) Brent
B.Sc. (Business
Computer
System) from
Bradley
University,
Pearie, Illinois (U
18 Expertise in
Specific
functional areas
Having wide
range of
experience in the
field of Dyes,
Chemicals and
Computer
hardware for
more than 35
years.
15 Years of
Experience in the
field of Computer
Hardware.
PRIYA INTERNATIONAL LIMITED Mumbai400006.
Properties
Investment Pvt.
Ltd
4) Gaurav
Electrochem Pvt.
Ltd.
5) Halifax
Properties
Investment Pvt.
Ltd
6) Coral
Chemicals Pvt.
Ltd.
1) Priya Ltd
2) Cheshire
Properties
Investment Pvt.
Ltd
3) Brent
Properties
Investment Pvt.
Ltd
4) Gaurav
Electrochem Pvt.
Ltd.
5) Halifax
Properties
Investment Pvt.
Ltd
6) Verixo
Technologies
Pvt. Ltd
S A)
B.com.
Rich knowledge
and experience of
the business &
industry for more
than 25 years
3
Saroj Bhuwania
DIN :
00018978
Address: 88,
Dariya MahalA, 80, Nepean
Sea Road,
Mumbai400006.
4
Radhakrishna
Kunjlal Saraswat
DIN :
00015095
Address: A/6
Asian
Assurance
Building,
Manmala Tank
Road,
Mumbai400016.
1) Datamatics
Global Services
Limited
2) Datamatics
Direct Marketing
Private Limited
3) Datamatics
Software
Services Limited
4) Vinati
Organics Limited
5) Priya Limited
B. Com., F.C.A
Having wide
knowledge and
professional
expertise in the
field of Corporate
Laws, Securities
Laws, Income Tax
and Finance for
more than 25
years.
5
Mahendra Kumar
Arora
DIN: 00031777
Address: Flat
No. 2, 8 Golf
Links, Pali Hill,
Khar, Mumbai,
400052.
1) Alcon Finance
and Investments
Ltd.
2) Vibhuti
Investments
Company Ltd.
3) D G P Capital
Management
B. Com. L.L.B.
F.C.S
Having wide
knowledge and
professional
expertise in the
field of Corporate
Laws, Securities
Laws, Income Tax
and Finance for
19 PRIYA INTERNATIONAL LIMITED more than 25
years.
Ltd.
4) DGP
Enterprises Pvt.
Ltd.
5) Trimurti Glass
Containers Ltd.
6) Blow Plast
Retail Ltd.
7) Windsor
Machines Ltd.
8) Kiddy Plast
Ltd.
9) KEMP and
Company Ltd.
10) Priya Limited
Anuj Bhargava
6
7
Hariharan
Vishwanathan
Puthucode
DIN: 03090652
Address: 31,
Swadhin
Sadan, 5th
Floor, C Road,
Churchgate,
Mumbai400020.
DIN: 03196975
Address:
11/58-59
Savitha,
Chedda Nagar,
Road No-2,
Tilak Nagar,
Chembur,
Mumbai400089.
1) Priya Limited
B.Com., GCDA,
CWA., CMC,
MMS (Finance)
20 years
experience in the
field of Finance,
Management and
IT Consultancy.
1) Priya Limited
B.Sc., Diploma
in
Administration
Having wide
range of
experience in the
field of Chemicals
for more than 30
years.
Details of Background of Promoters.
Sr.
No.
Name of the
Promoters
Qualification
Experience
1
Arun Kumar
Bhuwania
B.Sc. from University of
Calcutta in Maths
(Presidency College, Calcutta)
Having wide range of experience in the
field of Dyes, Chemicals and Computer
hardware for more than 35 years.
2
Aditya
Bhuwania
B.Sc. (Business Computer
System) from Bradley
University, Pearie, Illinois (U
S A)
15 Years of Experience in the field of
Computer Hardware.
3
Ashish
Bhuwania
Bachelor of Economics from
London School of Economics.
(U.K)
20 years experience in the field of
Management and Computer hardware.
20 PRIYA INTERNATIONAL LIMITED 4
Saroj
Bhuwania
B.com.
5
Shruti
Bhuwania
B.com.
6
Mini
Bhuwania
B.com.
Rich knowledge and experience of the
business & industry for more than 25
years
Rich experience and knowlede in Human
resource management & administration
more than 8 years
Rich knowledge and experience of the
business & industry for more than 10
years
Corporate Governance
Clause 49 of new listing agreement effective from 01st October, 2014 is not applicable to our
Company since paid up capital of our Company doesn’t exceed Rs. 10Crores & Net worth doesn’t
exceeds Rs. 25crores.
However, Good corporate governance is a pre-requisite for enhancing shareholder’s long-term
value. The company’s policies and practices are aimed at efficient conduct of business and
effectively meeting its obligations to shareholders. Priya International Limited has been
consistently improving transparency and accountability to all its shareholders.
Priya International Limited firmly believes that good corporate practices underscore its drive
towards competitive strength and sustained performance. These practices are also powerful tool
for building trust and long-term relationship with stakeholders of the Company. Company’s
thrust on transparency, integrity, accountability and disclosure has enabled it to accomplish
best Corporate Governance practices.
SUBSIDIARY COMPANIES
There is no subsidiary Company belonging to this Company.
DETAILS OF SENIOR MANAGEMENT PERSONAL
SR.
NO.
NAME
DESIGNATION
QUALIFICATION
1.
Dinesh Bhagat
Sr. Manager- Sales
B.com
2.
A. R. Gopalswamy
Sr. Manager- Sales
B.Sc.
3.
Vinay Kamat
Dy. Gen. ManagerIndenting
B. Sc.
4.
S. Kumar
Manager- Indenting
B. Sc.
21 PRIY
YA INTERNA
ATIONAL LIMITED VI. OVERVIEW
O
W OF ORGA
ANISATION
N STRUCTU
URE
22
PRIYA INTERNATIONAL LIMITED QUALIFICATION AND EXPERIENCE DETAILS OF ALL KMP’S
Name of KMP's
Qualifications
Experience
Mr. P. V. Harihran Whole Time Director
B.Sc., Diploma in
Administration
Wide range of experience in the field of
Chemicals for more than 30 years.
Mr. Ghanshyam Vyas
- Chief Financial
Officer
B.Com
Over 20 years of experience in the
areas of Accounts, Taxation, Auditing,
Fund Management & MIS.
Mr. Amit Surase Company Secretary
B.COM, A.C.S., L.L.B.,
G.D.C.A., (CA-IPCC)
4 years of post qualification experience
in Corporate Secretarial Functions and
Corporate Governance
VII. FINANCIAL OVERVIEW
Audited Financial Results for the Quarter and Year Ended 31st March, 2015
Part I
Sr.
( Rs. In lakhs except EPS )
Quarter ended
31/3/2
31/12/ 31/3/2
015
2014
014
Audite Unaudit
Audite
d
ed
d
Particulars
No.
1
261.39
231.60
-
-
261.39
231.60
(b) Other operating income
Total income from operations (net)
260.37
926.96
1060.29
-
260.37
926.96
1060.29
-
501.15
772.80
-
121.30
c] (Increase) / Decrease in stock in trade
10.86
15.68
1.49
51.22
(109.07)
d] Employees cost
54.47
37.62
39.44
156.72
131.46
e] Depreciation
f] Other expenditure
g] Total expenses
Profit from operations before other income,
finance costs
158.82
-
3.18
3.20
1.21
9.12
4.79
55.43
44.34
37.52
177.83
183.89
273.62
222.14
238.48
896.04
983.87
(12.23)
9.46
21.89
30.92
76.42
23 Audited
149.68
b] Purchase of stock-in-traded
Audited
Expenses
a] Consumption of materials consumed
3
31/3/2014
Income from operations
(a) Net Sales/ Income from operations
2
Year ended
31/3/20
15
PRIYA INTERNATIONAL LIMITED and exceptional Items (1-2)
4
5
Other income
Profit/ (Loss) from ordinary activities before
finance costs
9.06
11.94
10.71
40.99
35.63
(3.17)
21.40
32.60
71.91
112.05
0.47
0.60
(3.64)
20.80
-
-
(3.64)
20.80
32.60
67.93
112.05
(3.33)
5.86
8.25
22.98
31.40
(0.31)
14.94
24.35
44.95
80.65
and exceptional items (3+4)
6
7
Finance costs
Profit / (Loss) from ordinary activities after
finance costs
3.98
-
32.60
-
67.93
112.05
but before exceptional Items (5-6)
8
9
10
Exceptional items
Profit (+)/ Loss (-) from ordinary activities
before tax (7+8)
Tax expense
11
Net Profit (+)/ Loss (-) from ordinary activities
after tax (9-10)
12
Extraordinary item (net of tax expense
Rs._NIL )
-
-
-
-
-
-
-
-
13
Net Profit (+)/ Loss (-) for the period (11-12)
(0.31)
14.94
24.35
44.95
80.65
14
Paid-up equity share capital
99.60
99.60
99.60
99.60
99.60
-
-
-
568.17
541.57
(Face value of Rs. 10/- each)
15
Reserves excluding revaluation reserves
16(
i)
Earnings per share (before extraordinary
items)
a) Basic
b) Diluted
16(
ii)
Part II
Select information for the quarter ended
31-03-2015
2.44
4.51
8.10
1.50
2.44
4.51
8.10
(0.03)
1.50
2.44
4.51
8.10
(0.03)
1.50
2.44
4.51
8.10
Quarter ended
31/3/2
31/12/ 31/3/2
015
2014
014
Audite Unaudit
Audite
d
ed
d
Particulars
A
1.50
Earnings per share (after extraordinary items)
a) Basic
b) Diluted
(0.03)
(0.03)
PARTICULARS OF SHAREHOLDING
24 Year ended
31/3/2
015
31/3/2014
Audited
Audited
PRIYA INTERNATIONAL LIMITED 1
2
Public shareholding
- No. of shares
102450
102450
102450
102450
102450
- Percentage of shareholding
10.29%
10.29%
10.29%
10.29%
10.29%
- Number of shares
- Percentage of shares ( as a % of the total
shareholding of
NIL
NIL
NIL
NIL
NIL
promoter and promoter group )
- Percentage of shares ( as a % of the total
share capital of the
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
- Number of shares
- Percentage of shares ( as a % of the total
shareholding of
893550
893550
893550
893550
893550
promoter and promoter group )
- Percentage of shares ( as a % of the total
share capital of the
100%
100%
100%
100%
100%
89.71%
89.71%
89.71%
89.71%
89.71%
Promoters and promoter group shareholding
a) Pledged / Encumbered
company )
b) Non - Encumbered
company )
Particulars
B
QUARTER ENDED 31/03/2015
INVESTOR COMPLAINTS
Pending at the beginning of the quarter
Nil
Received during the quarter
Nil
Disposed of during the quarter
Remaining unresolved at the end of the
quarter
Nil
Nil
Segment wise Revenue, Results and Capital Employed, under Clause 41 of the Listing Agreement
Sr.
Quarter ended
31/3/2
31/12/ 31/3/2
015
2014
014
Audite Unaudit
Audite
d
ed
d
Particulars
No.
1
Segment revenue
a
Indenting commission
b
Chemical
c
Electronics
Net sales/ income from operations
Audited
Audited
57.36
54.66
201.80
217.70
212.29
174.24
205.71
725.16
683.18
261.39
231.60
260.37
926.96
1060.29
-
-
-
159.41
2
Segment result (profit before interest and tax)
a
Indenting commission
19.98
23.66
39.78
97.56
152.39
b
Chemical
43.41
21.39
71.16
141.15
167.97
c
Electronics
Total
-
(28.57)
0.00
(31.49)
45.05
82.37
238.71
288.87
63.39
0.47
25 31/3/2014
49.10
-
Less: Finance costs
Year ended
31/3/2
015
0.60
-
3.98
-
PRIYA INTERNATIONAL LIMITED Less: Other unallocable expenditure net off
unallocable income
66.56
23.65
49.77
166.80
176.82
(3.64)
20.80
32.60
67.93
112.05
3
Total Profit (+)/Loss (-) before tax and extra
ordinary items
Capital employed (segment assets less
liabilities)
a
Indenting commission
(78.44)
(65.07)
(65.42)
(78.44)
(65.42)
b
Chemical
262.01
270.43
354.06
262.01
354.06
c
Electronics
d
Unallocated asset and liabilities
484.20
480.69
422.23
(69.70)
484.20
422.23
Total
667.77
686.05
641.17
667.77
641.17
Statement of assets and liabilities as at 31-03-2015
Particulars
A
1
2
3
B
1
2
(Rs. In lakhs )
31-Mar-14
Audited
Sub- total - Shareholders Funds
99.60
568.17
667.77
99.60
541.57
641.17
Sub- total - Non- Current Liabilities
11.28
71.07
82.35
51.95
51.95
Sub- total - Current Liabilities
127.06
22.23
87.82
237.11
130.48
5.28
100.70
236.46
TOTAL
987.23
929.58
Sub- total - Non - Current Assets
32.45
46.01
48.29
399.32
526.07
16.72
46.01
44.19
14.65
121.57
225.52
276.74
Equity and liabilities
Shareholder's funds
(a) Share capital
(b) Reserve & surplus
Noncurrent liabilities
(a) Long - term borrowings
(b) Long - term provisions
Current liabilities
(a) Trade payables
(b) Other current liabilities
(c) Short - term provisions
Assets
Non - current assets
(a) Fixed assets
Tangible assets
(b) Non - current investment
(c) Deferred tax assets
(d) Long - term loans and advances
Current assets
26 (69.70)
31-Mar-15
Audited
(a) Inventories
-
PRIYA INTERNATIONAL LIMITED (b) Trade receivables
(c) Cash & cash equivalents
(d) Short term - loans and advances
(e) Other current assets
Sub- total - Current Assets
161.82
60.20
13.62
0.00
461.16
133.16
51.85
320.40
25.86
808.01
TOTAL
987.23
929.58
DIVIDENDS AND CASH BONUSES PAID
Dividend and cash bonuses paid during the last 10 year.
Year
Percentage (%)
Amount per share
Total Amount (Rs.)
2004-05
15%
Rs.1.50/-
Rs.14,94,000/-
2005-06
15%
Rs.1.50/-
Rs.14,94,000/-
2006-07
15%
Rs.1.50/-
Rs.14,94,000/-
2007-08
15%
Rs.1.50/-
Rs.14,94,000/-
2008-09
15%
Rs.1.50/-
Rs.14,94,000/-
2009-10
15%
Rs.1.50/-
Rs.14,94,000/-
2010-11
15%
Rs.1.50/-
Rs.14,94,000/-
2011-12
15%
Rs.1.50/-
Rs.14,94,000/-
2012-13
15%
Rs.1.50/-
Rs.14,94,000/-
2013-14
15%
Rs.1.50/-
Rs.14,94,000/-
MATERIAL CONTRACTS / AGREEMENTS
The Company has not entered into any material contract and /or agreement (including
agreements for technical advice and collaboration) and /or concessions except those entered into
in the ordinary course of business carried on or intended to be carried on by the company.
PURPOSE OF LISTING
The equity shares of the Company are presently listed on Calcutta Stock Exchange Limited,
Delhi Stock Exchange Limited & U. P. Stock Exchange Limited and the Company is regularly
complying with the all the Listing requirements.
As any of the exchanges where the company is currently listed are not in operation since long,
the interests of shareholders of the company are affected. In order to safeguard the interests of
the existing shareholders and to provide liquidity to their investment as also to safeguard the
interests of the investors it is proposed to list the shares of the company on MCX Stock
Exchange Limited.
As we know that MCX Stock Exchange Limited is one of the newest Stock Exchange in India,
which has nationwide electronic trading system.
27 PRIYA INTERNATIONAL LIMITED Followings are the benefits of listing which has motivated the Management to get the
securities of the Company listed on MCX Stock Exchange Limited:Listing increases shareholder base and enhances credibility.
Listing also improves company’s visibility and credibility among institutions.
Listing stimulates liquidity, giving shareholders the opportunity to realize the value of their
investments. It allows shareholders to transact in the shares of the company, sharing risks as
well as benefitting from any increase in the organizational value.
Listing increases employee value and morale. It may also lead to hiring of new staff and may
facilitate stock-based payments such as ESOPs etc.
Listing on MCX Stock Exchange provides liquidity to the shareholders of the listed entity. This in
turn helps broaden the shareholder base.
Companies listed on MCX Stock Exchange Limited generally find that the market perception of
their financial and business strength is enhanced.
Listing brings transparency and efficiency in the overall operations of the company.
*Source MCX-SX website
VIII. Outstanding Litigations, Defaults and Material Developments
1. LITIGATIONS AGAINST COMPANY
Sr. No.
Particulars
Brief Details
Status
Financial Impact
Brief Details
Status
Financial Impact
-----NONE --------
2. LITIGATIONS BY THE COMPANY
Sr. No.
Particulars
-----NONE --------
IX. DECLARATION
No statement made in this Information Memorandum contravenes any of the provisions of the
Companies Act 1956/2013 and the rules made there under. All the legal requirements
connected with the said issue as also the guidelines, instructions etc. issued by SEBI,
Government and any other competent authority in this behalf have been duly complied with.
All the information contained in this document is true and correct.
ON BEHALF OF THE BOARD OF DIRECTORS OF
PRIYA INTERNATIONAL LIMITED
DIRECTOR
PLACE: MUMBAI
DATE: 05th JUNE, 2015
28