SALAYA BULK TERMINALS LIMITED UNLISTED SHARE
ABOUT SALAYA BULK TERMINALS LIMITED
SALAYA BULK TERMINALS LIMITED is a part of Essar Ports Limited. The Company through its subsidiary is developing a dry bulk port facility at Salaya in Gujarat which is designed to handle dry bulk cargo of 20 million metric tonnes per annum.
The facility will include 385 meters long jetty, two ship unloaders, and a loader, conveyors belts of 12.8 km for transportation of cargo from the jetty to the stockyard, storage facilities for cargo, and other port facilities for handling of captive and third-party cargo. Jetty at the port is capable of handling dry bulk cargoes of 20 MMTPA. The Jetty is located in the harbor of Salaya, which is naturally protected by kalubhar Tapu and Dhani Bet.
The Salaya Bulk Terminals Limited will handle the import of dry bulk cargo like limestone, coal, bauxite, and fertilizers. The company will also provide marine services like tugs and pilotage.
INCORPORATION DETAILS
CIN | U61100GJ2014PLC078242 |
Registration Date | 10 January 2014 |
Category/Sub-category of the Company | Public Company Limited by Shares |
Address of the Registered office and contact details | Salaya Administrative Building, 44 KM, P. O. box 7 Taluka Khambaliya, District Dev Bhoomi Dwarka Jamnagar, Gujarat 361305, India Tel: +91 2833 664440 |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Data Software Research Company Private Limited 19, Pycrofts Garden Road, Off Haddows Road, Nungambakkam, Chennai- 600006, Tamil Nadu Phone : +91 44 2821 3738, 2821 4487 E-mail: essar.ports@dsrc-cid.in |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Service activities incidental to water transportation (Fleet operating and chartering income) | 52220 | 100% |
BOARD OF DIRECTORS
Shri. Rajiv Agarwal (Non- Executive Director)
Capt. B. S. Kumar (Independent Director)
Dr. Jose Paul (Independent Director)
Shri. Rakesh Kankanala (Non- Executive Director)
Shri Sanjeev Taneja (Non- Executive Director)
Shri. Nikhil Naik (Nominee Director)
Shri Bhaven Bhatt (Additional Director and CEO)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Essar Bulk Terminal (Salaya) Limited | 74.00% |
SALAYA BULK TERMINALS LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 2,14,12,813 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE369V01017 |
PAN No. | AABCE9244L |
Lot Size: | 100 Shares |
Last Traded Price | Rs. 10 |
Current Unlisted Share Price: | Rs. 21.41 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Ibrox Aviation And Trading Private Limited | 21,04,169 | 9.83% |
2 | Essar Ports & Terminals Limited | 1,88,29,154 | 87.93% |
3 | Public Shareholding | 4,79,490 | 2.24% |
| Total | 2,14,12,813 | 100.00% |
INDUSTRY OUTLOOK
The global health and economic crisis triggered by the COVID-19 pandemic has upended the landscape for maritime transport and trade and significantly affected growth prospects. Impact on the maritime industry has come across various segments, right from cargo volumes, freight rates, shipbuilding, ship scrapping, and other associated segments.
According to the global transport sector experts, maritime trade already lost momentum in 2019 and came under pressure in 2020. At the end of the year 2020, UNCTAD projected that the volume of international maritime trade would fall by 4.1% in 2020. Amid supply-chain disruptions, demand contractions, and global economic uncertainty caused by the pandemic, the global economy was severely affected by a twin supply and demand shock. The maritime sector reached its weakest level since the onset of the global financial crisis in 2008–09, which had a cascading impact on global ports volume.
According to the Ministry of Shipping, approximately 95% of the country’s trade by volume and 70% by value moves through maritime transport, which clearly highlights the importance of ports and their contribution in supporting and accelerating the growth and development of the Indian economy. In sync with the overall weak growth in EXIM trade, the port volumes in India have not seen robust growth. Despite the good potential to bolster cargo volumes, Indian ports have not seen remarkable growth in recent years.
In FY 2020-21, the total consolidated ports volume handled by Pan-Indian ports was around 1247 MMT, thus revealing a contraction of -5.4% from FY 2019-20 volumes. According to Indian Ports Association (IPA) in FY 2020-21, the consolidated cargo volumes handled by Indian major ports were 673 MMT, registering 4.6% degrowth in cargo volumes compared to FY 2019-20.
PROFIT & LOSS STATEMENT OF SALAYA BULK TERMINALS LIMITED (In Rs. Lakhs)
PARTICULARS | 2020 | 2019 | 2018 |
Revenue from Operations | 30,572.78 | 11,577.44 | 2,208.93 |
EBITDA | 14,112.21 | 4,129.21 | 1,420.88 |
EBITDA margins | 46.16% | 35.67% | 64.32% |
Depreciation | 9,251.56 | 8,720.19 | 1,079.53 |
Finance Cost | 14,253.29 | 18,308.38 | 2,011.98 |
Other Income | 516.52 | 715.83 | 275.66 |
Profit/Loss before Tax and exceptional items | -8,876.12 | -22,183.53 | -1,394.97 |
Exceptional items | 1,038.38 | 2,410.37 | 0.00 |
Total Tax | 0.00 | -3.75 | -46.84 |
Profit After Tax (PAT) | -9,914.50 | -24,590.15 | -1,348.13 |
EPS | -19.3 | -52.48 | -4.78 |
BALANCE SHEET OF SALAYA BULK TERMINALS LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Property, plant and equipment | 1,96,508.77 | 2,00,658.45 |
Tax assets (net) | 2,042.74 | 1,118.76 |
TOTAL NON CURRENT ASSETS | 1,98,551.51 | 2,01,777.21 |
CURRENT ASSETS | ||
Inventories | 676.00 | 260.07 |
Trade Receivables | 7,091.30 | 999.96 |
Cash and cash equivalents | 381.10 | 81.32 |
Other financial assets | 374.88 | 77.93 |
Other current assets | 4,818.15 | 5,993.70 |
Current tax assets | 8.00 | 1.94 |
TOTAL CURRENT ASSETS | 13,349.43 | 7,414.92 |
TOTAL ASSETS | 2,11,900.94 | 2,09,192.13 |
EQUITY | ||
Share capital | 2,141.28 | 2,141.28 |
Reserves and surplus | 18,515.41 | 26,602.02 |
Noncontrolling interest | 7,787.53 | 9,642.54 |
TOTAL EQUITY | 28,444.22 | 38,385.84 |
NON CURRENT LIABILITIES | ||
Borrowings | 2,210.52 | 3,683.47 |
Lease liabilities | 2,250.43 | 0.00 |
Other noncurrent liabilities | 416.99 | 776.37 |
TOTAL NON CURRENT LIABILITIES | 4,877.94 | 4,459.84 |
CURRENT LIABILITIES | ||
Borrowings | 1,19,773.94 | 1,26,819.66 |
Financial liabilities | 51,489.81 | 33,346.85 |
Trade payables | 5,999.03 | 4,706.21 |
Short Term Provision | 116.61 | 109.02 |
Other Current Liabilities | 1,199.39 | 1,364.71 |
TOTAL CURRENT LIABILITIES | 1,78,578.78 | 1,66,346.45 |
TOTAL LIABILITIES | 1,83,456.72 | 1,70,806.29 |
TOTAL EQUITY AND LIABILITIES | 2,11,900.94 | 2,09,192.13 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | -31,386.28 | -23,321.33 | -3,879.62 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 164.07% from Rs. 11,577.44 lakhs in FY 2019 to Rs. 30,572.78 lakhs in FY 2020.
EBITDA of the company increased phenomenally by 241.77% from Rs. 4,129.21 lakhs in FY 2019 to Rs. 14,112.21 lakhs in FY 2020. EBITDA margins increased from 35.6% in FY 2019 to 46.16% in FY 2020.
Net loss of the company improved from Rs. 24,590.15 lakhs in FY 2019 to Rs. 9,914.50 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.07.
The debt to Equity ratio of the company as of 31st March 2020 was 4.28.
The book value of the company as of 31st March 2020 was Rs. 132.8.
The company has not given any dividends for the past three years.
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