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×

hutti gold mines company Limited

50,000.00
+ 0.00 %
Scrip Name
Hutti GoldMines
ISIN No.
U85110KA1947
PAN No.
AABCT4338C
Face Value
100
No. of Outstanding Shares
29,620,371
Market Capitalization
148,101.86 Crore

HUTTI GOLD MINES COMPANY LIMITED UNLISTED SHARE    


Established on 08 July 1947, Hutti Gold Mines Company Limited (HGML) is involved in the Mining and Production of Gold. It is registered at the registrar of companies in Bangalore, Karnataka as a state government company. Authorized equity share capital of the company is Rs. 20,00,00,000 and its paid-up equity capital is Rs. 2,96,20,370.


The company has been involved in the exploration, development, and exploitation of gold deposits in Karnataka. In 1947, the company was known as ‘’Hyderabad Gold Mines”. It produces gold by mining and processing ore gold.


The Company's Corporate Office is in Bangalore, and it operates two units: the Hutti Gold Unit (HGU) in Raichur district and the Chitradurga Gold Unit (CGU) in Chitradurga district, with an operating mine in Ajjanahalli (Tumkur District).


INCORPORATION DETAILS

CIN

U85110KA1947SGC001321

Registration Date

8th July 1947

Company Name

Hutti Gold Mines Company Limited

Email Address

rohgml@gmail.com

Category/Sub-category of the Company

Company Limited by Shares/ State Government Company

Class of Company

Public Company

Registration Number

1321

Address of the Registered office & contact details

No 3rd Floor, KHB Shopping Complex, National Games Village, Koramangala, BANGALORE-560 047

Listing Status

Unlisted

 

BOARD OF DIRECTORS

 

Sri M Maheshwar Rao, IAS (Chairman) (From 30.07.2019 to 24.09.2020)

Sri G Kumar Naik, IAS (Chairman) (From 24.09.2019 to 24.11.2020)

Sri Manappa D Vajjal, Ex-MLA (Chairman) (From 24.11.2020)

Smt Salma K Fahim, IAS (Managing Director) (From 06-09-2019 to 16-02-2021)

Sri Prabhuling Kavalikatti, IAS (Managing Director) (From 16-02-2021)

Principal Business Activities of the Company

S. No.

Name & Description of main products/services

NIC Code of the Product /service

% to total turnover of the company

1

Extraction of Gold & Silver

07295

100%


SHAREHOLDING PATTERN

(As on 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1

Promoter and Promoters Group

292.68

98.81%

2

Public

3.52

1.20%

 

Total

296.20

100%


PROFIT & LOSS STATEMENT OF HUTTI GOLD MINES COMPANY LIMITED (Rs. in Lakhs) 

(As of 31-03-2020 to 31-03-2021)

Particular

2021

2020

REVENUE



Revenue from operations

55,343.25

71,463.41

Other income

4,625.38

5,501.86

Total Income

59,968.63

76,965.27

EXPENDITURE



Cost of materials consumed

3,920.74

5,030.68

Changes in inventories of Finished goods, work-in-process, and

 stock-in-trade

(4,842.28)

1,407.05

Employee Benefit Expenses

27,067.27

28,889.88

Finance Costs

15.35

15.15

Depreciation and Amortisation Expenses

1,761.35

1,953.33

Other expenses

11,189.87

12,754.96

Total Expenses

39,112.30

50,051.05

Profit/(Loss) before exceptional items and tax

20,856.33

26,914.22

Exceptional items

-

-

Profit/(Loss) Before Tax

20,856.33

26,914.22

Tax expenses:



Current Tax

5,250.00

10,709.38

Tax relating to earlier years

-

-

Deferred tax

753.28

(1,319.47)

Total Tax Expenses

6,003.28

9,389.91

Profit / (Loss) for the year

14,853.05

17,524.31

Other Comprehensive Income



Items that will not be reclassified to profit or loss:



Remeasurement of net defined benefit liability/asset (net of tax)

(140.86)

(2,356.38)

Total Comprehensive Income for the Year

14,712.19

15,167.93

Earnings per Share:



Earnings per Share (Basic in Rs.)

5,014.48

5,916.34

Earnings per Share (Diluted)

-

-


BALANCE SHEET OF HUTTI GOLD MINES COMPANY LIMITED (Rs. in Lakhs)

(As of 31-03-2020 to 31-03-2021)

PARTICULARS

2021

2020

ASSETS



Non-Current Assets



Property, Plant and Equipment

79,458.36

81,251.98

Capital Work-in-Progress-Tangible

29,912.58

24,917.31

Other Intangible Assets

17.48

20.48

Intangible assets under development

-

-

Financial Assets:



      Investments

2.50

2.50

     Other financial assets

821.69

721.96

Deferred Tax Assets (Net)

652.14

1,358.04

Other Non-current Assets

21,229.12

13,726.66

Total Non-Current Assets

1,32,093.87

1,21,998.93

Current assets



Inventories

27,381.31

28,330.17

Financial Assets



     Trade Receivables

36.78

21.92

     Cash and Cash Equivalents

9,913.23

20,216.56

     Other Bank Balances

65,000.00

55,850.00

     Other financial assets

166.77

166.77

Current Tax Assets (Net)

2,022.96

773.44

Other Current assets

4,631.73

8,025.54

Total Current Assets

1,09,152.78

1,13,384.40

Total Assets

2,41,246.65

2,35,383.33

EQUITY AND LIABILITIES



Equity



Equity Share Capital

296.20

296.20

Other Equity

2,18,777.48

2,03,264.44

Total Equity

2,19,073.68

2,03,560.64

Non-Current Liabilities



Financial Liabilities:



    Provisions

6,510.05

7,010.45

Deferred Tax Liabilities (Net)

-

-

Other Non-Current Liabilities

-

-

Total Non-Current Liabilities

6,510.05

7,010.45

Current Liabilities



Financial Liabilities



     Trade Payables



         Total outstanding dues of MSME

90.35

53.47

         Total outstanding dues of other than MSME

2,529.40

1,321.22

Other Financial Liabilities

4,293.78

4,088.43

Other Current Liabilities

8,749.39

19,349.12

Provisions

-

-

Total Current Liabilities

15,662.92

24,812.24

Total Equity and Liabilities

2,41,246.65

2,35,383.33


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2020 to 31-03-2021)

Particulars

2021

2020

Dividend (in lakhs)

1504.34

1481.02

Retained Earnings

1,29,382.99

1,15,364.33

 

PERFORMANCE OF THE COMPANY

Revenue from operations decreased from Rs. 71,463.41 Lakh in FY 2020 to Rs. 55,343.25 Lakh in FY 2021, showing a decline of 22.55% as compared to the previous financial year.


Finance Cost has increased from Rs. 15.15 Lakh in FY 2020 to Rs. 15.35 Lakh in FY 2021 showing a growth of 1.32% as compared to the previous financial year.


In FY 2021, Company’s Net profit stood at Rs. 14,853.05 Lakh, 15.24% lower than the Rs.  17,524.31 Lakh net profit of FY 2020.


The Current Ratio of the company as of 31st March 2021 was 6.96.

 

The debt to equity ratio of the company as of 31st March 2021 was 1.10.


The Company paid a dividend of Rs. 1504.34 in the financial year 2020-2021.


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