LOTTE INDIA CORPORATION LIMITED DELISTED SHARE
ABOUT LOTTE INDIA CORPORATION LIMITED
LOTTE INDIA CORPORATION LIMITED is a part of Lotte Group of Korea. The company is a big player in confectionary space in India. The company is the owner of some prominent confectionary brands of India including Coffy Bite, Lacto King, Lotte Eclairs, Caramilk, BooProo and Spout gums.
The company played an important role in creating a ‘Pie’ Category in India with its product named, Lotte Choco Pie. It currently has a near to monopoly status.
The manufacturing facilities of the company are located in Chennai, Rohtak, and Nellikuppam (near Pondicherry). The network of the company is expanded to 26 CFAs, and 4 regional offices. The products of the company reaches to over a million retail stores through more than 2000 distributors.
INCORPORATION DETAILS
|
CIN |
UI5419TN1954PLC001987 |
|
Registration Date |
26th March 1954 |
|
Category/Sub-category of the Company |
Limited by Shares |
|
Address of the Registered office and contact details |
4/111, Mount Poonamallee Road, Manapakkam, Chennai - 600 089. Phone: 044-22494444/55, Email: compsecy@lotteindia.com |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s.Cameo Corporate Services Limited, 1, Club House Road (Off.Anna Salai), Chennai - 600 002, Phone:044-28460390, email: murali@cameoindia.com, cameo@cameoindia.com |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Sugar Boiled Confectionery |
10733 |
38.00% |
|
Cakes and Biscuits |
10712 |
62.00% |
BOARD OF DIRECTORS
Yun Kang Jung (Chairman)
Milan Wahi (Managing Director)
In Chul Yeo (Whole Time Director)
Myeongrim Choi (Director)
D.G.Rajan (Independent Director)
Hye Lim Jeon (Independent Director)
PARTICULARS OF ASSOCIATE COMPANIES
|
Name of the Company |
% of shares held |
|
Lotte Engineering Construction Company |
0.00% |
LOTTE INDIA CORPORATION LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
1,08,63,768 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE185A01011 |
|
Pan No. |
AAACP1916F |
|
Lot Size: |
100 Shares |
|
Last Traded Price: |
Rs. 410 |
|
Market Cap: |
Rs. 445.41 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Lotte Confectionery Company Limited (Promoter) |
1,07,08,440 |
98.57% |
|
2 |
Public Shareholding |
1,55,328 |
1.43% |
|
|
Total |
1,08,63,768 |
100.00% |
INDUSTRY OUTLOOK
On the Valentine’s Day on an average nearly US$ 400 million of chocolates have been purchasing around the world accounting for the 5 of the Industry’s total sales. Three kinds of chocolate are very famous globally - Dark chocolate, Milk chocolate and White chocolate.
Switzerland is the world’s largest chocolate consumer. In Switzerland per Capital Consumptions is more than 10 kgs, in UK it is less than 10 kgs, in USA it is around 8 kgs per year. According to Statista research, worldwide chocolate confectionery market is approx US$178 billion in 2020. And it is having the potential to grow at CAGR 4.3% for next 5 years.
The impulse buying behaviour of consumers is boosting the sales of chocolates across the globe. Consumers in the shopping store might not specifically be shopping for the confectionary goods like, chocolates. However, related confectionary items displayed at prominent places attract buyers' attention and causes impulse buying behaviour in them. In the chocolate industry, packaging plays a very important role.
India is still a growing market for chocolate industry. Back to 10 years, People preferred to gift sweets over chocolates. But now people are inclining more towards chocolates for gifting. Indian consumers are now willing to pay more for quality and tasty chocolates. Demand for different flavours is rising, making the overall demand for chocolates to rise.
PROFIT & LOSS STATEMENT OF LOTTE INDIA CORPORATION LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2020 |
2019 |
2018 |
2017 |
|
Revenue from Operations |
40,734.00 |
42,068.65 |
39,605.80 |
35,023.26 |
|
EBITDA |
2,937.53 |
5,064.22 |
3,678.39 |
1,933.51 |
|
EBITDA margins |
7.21% |
12.04% |
9.29% |
5.52% |
|
Finance Cost |
847.24 |
1,389.20 |
1,597.49 |
1,829.90 |
|
Depreciation |
4,231.74 |
4,035.71 |
4,094.55 |
4,240.25 |
|
Other Income |
378.83 |
750.03 |
351.60 |
1,461.52 |
|
Profit/Loss before Tax |
-1,762.62 |
389.34 |
-1,662.05 |
-2,675.12 |
|
Total Tax |
0.00 |
83.00 |
0.00 |
0.00 |
|
Profit After Tax (PAT) |
-1,762.62 |
306.34 |
-1,662.05 |
-2,675.12 |
|
EPS |
-16.22 |
2.82 |
-15.30 |
-24.62 |
BALANCE SHEET OF LOTTE INDIA CORPORATION LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2020 |
31st March 2019 |
|
ASSETS |
||
|
NON CURRENT ASSETS |
||
|
Tangible assets |
61,408.54 |
64,324.46 |
|
Intangible assets |
9.15 |
14.00 |
|
Financial assets |
450.78 |
1,003.10 |
|
Other noncurrent assets |
565.54 |
207.30 |
|
TOTAL NON CURRENT ASSETS |
62,434.01 |
65,548.86 |
|
CURRENT ASSETS |
||
|
Inventories |
5,990.64 |
4,558.06 |
|
Trade Receivables |
1,898.31 |
2,454.17 |
|
Cash and cash equivalents |
3,303.33 |
3,849.84 |
|
Other financial assets |
307.73 |
568.70 |
|
Other current assets |
935.63 |
839.84 |
|
TOTAL CURRENT ASSETS |
12,435.64 |
12,270.61 |
|
TOTAL ASSETS |
74,869.65 |
77,819.47 |
|
EQUITY |
||
|
Share capital |
1,086.38 |
1,086.38 |
|
Reserves and surplus |
43,296.81 |
45,098.98 |
|
TOTAL EQUITY |
44,383.19 |
46,185.36 |
|
NON CURRENT LIABILITIES |
||
|
Borrowings |
16,265.39 |
12,450.83 |
|
Lease liabilities |
228.45 |
0.00 |
|
Other financial liabilities |
196.28 |
572.93 |
|
Long Term Provision |
138.65 |
105.78 |
|
TOTAL NON CURRENT LIABILITIES |
16,828.77 |
13,129.54 |
|
CURRENT LIABILITIES |
||
|
Financial liabilities |
6,221.24 |
12,618.92 |
|
Trade payables |
6,816.75 |
5,313.77 |
|
Short Term Provision |
240.35 |
181.62 |
|
Other Current Liabilities |
379.35 |
353.26 |
|
Tax liabilities |
0.00 |
37.00 |
|
TOTAL CURRENT LIABILITIES |
13,657.69 |
18,504.57 |
|
TOTAL LIABILITIES |
30,486.46 |
31,634.11 |
|
TOTAL EQUITY AND LIABILITIES |
74,869.65 |
77,819.47 |
DIVIDEND HISTORY
|
Particulars |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
Nil |
Nil |
Nil |
|
Retained Earnings (Consolidated) (In Rs. Lakhs) |
-6,970.84 |
-5,168.67 |
-5,470.44 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 3.17% from Rs. 42,068.65 lakhs in FY 2019 to Rs. 40,734 lakhs in FY 2020.
EBITDA of the company decreased by 41.99% from Rs. 5,064.22 lakhs in FY 2019 to Rs. 2,937.53 lakhs in FY 2020. EBITDA margins of the company decreased from 12.04% in FY 2019 to 7.21% in FY 2020.
The company incurred a loss of Rs. 1,762.62 lakhs in FY 2020, as against a profit of Rs. 306.34 lakhs in FY 2019.
Current Ratio of the company as of 31st March 2020 was 0.9.
Debt to Equity ratio of the company as of 31st March 2020 was 0.36.
The company has not given any dividend from the past three years.
The book value of the company as of 31st March 2020 was Rs. 408.54.
