SREE SATYANARAYANA SPINNING MILLS LIMITED UNLISTED SHARE
registered at the registrar of companies in Vijayawada, Sree Satyanarayana Spinning Mills Limited was established on 23 July 1962. It is manufacturing cotton yarn and other textile products. The authorized equity share capital of the company is Rs. 35,500,000 and its paid-up share capital is Rs. 10,501,000.
The Company use to deal in the below Products:-
INCORPORATION DETAILS
CIN | U18101AP1962PLC000919 |
Registration Date | 23 July 1962 |
Company Name | SREE SATYANARAYANA SPINNING MILLS LIMITED |
Email Address | sssmills.tanuku@gmail.com |
Category/Sub-category of the Company | Company Limited by Shares/Non-Government Company |
Class of Company | Public Company |
Registration Number | 919 |
Address of the Registered office & contact details | VENKATA RAYAPURAM TANUKU, WEST GODAVARI DIST AP 534215 |
Name, Address, and Contact details of Registrar Transfer Agent | M/s. XL Softech Systems Limited, Plot No. 3, Sagar Society, Road No. 2, Banjara Hills, Hyderabad - 500034. |
Listing Status | Unlisted |
BOARD OF DIRECTORS
S. No. | Name of Directors | Category of Directors |
Sri E. Sathyanarayana, B.E. (Hons.) | Managing Director and Chief Executive Officer | |
Sri P. Narendranath Chowdary, B.Sc. | Directors | |
Sri A. Dharmaraju, M.B.A , F.C.S. | Directors | |
Sri S. Parvatha Rao, B.Sc., B.L. | Directors | |
Sri C. Murali Krishna, B.Com., F.C.A., A.C.S., M.B.A. (USA) | Directors |
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 | COTTON YARN | 13111 | 100% |
SHAREHOLDING PATTERN
(As of 31-03-2021)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1. | Promoter and Promoters Group | 3,59,840 | 34.26 % |
2. | Public | 6,90,260 | 65.74% |
| Total | 10,50,100 | 100.00% |
PROFIT & LOSS STATEMENT OF SREE SATYANARAYANA SPINNING MILLS LIMITED (in Rs.)
(from 31-03-2019 to 31-03-2021)
Particular | 2021 | 2020 | 2019 |
Income | |||
Revenue from operations | 56,17,13,724 | 70,65,33,973 | 67,31,75,539 |
Other Income | 59,49,030 | 82,53,251 | 50,28,240 |
Total Income | 56,76,62,754 | 71,47,87,224 | 67,82,03,779 |
Expenses | |||
Cost of raw materials consumed | 22,32,90,371 | 28,32,39,981 | 34,65,85,100 |
Changes in Inventories of finished goods and Work-in-progress | 1,39,21,682 | 7,39,73,129 | (2,42,99,397) |
Employee benefits expense | 8,21,97,166 | 8,25,26,217 | 7,42,03,539 |
Finance Costs | 27,17,362 | 61,67,993 | 1,32,42,125 |
Depreciation and amortization expense | 3,19,17,044 | 3,16,75,844 | 3,12,22,755 |
Power and fuel | 8,25,22,797 | 10,73,15,659 | 11,49,72,220 |
Other expenses | 5,63,54,942 | 7,50,46,681 | 8,19,50,238 |
Total Expenses | 49,29,21,364 | 65,99,45,504 | 63,78,76,581 |
Profit/(loss) before exceptional items and tax | 7,47,41,390 | 5,48,41,720 | 4,03,27,199 |
Less: Exceptional items | - | - | 4,23,50,148 |
Profit/(loss) before tax | 7,47,41,390 | 5,48,41,720 | (20,22,949) |
Add: Income Tax Refund Received | - | 84,69,556 | - |
Less: Tax expenses | |||
Current tax | 1,59,12,972 | 83,20,954 | - |
MAT credit utilized during the year | 17,87,028 | 39,62,890 | - |
Deferred tax | 3,92,140 | 29,28,784 | (6,13,817) |
Short Provision of Income tax of earlier years | 21,50,576 | 504 | 16,298 |
Total tax expense | 2,02,42,716 | 1,52,13,132 | (5,97,519) |
Profit/(loss) for the year from continuing operations | 5,44,98,674 | 4,80,98,143 | (14,25,430) |
Profit (loss) from discontinued operations | - | - | - |
Tax expenses of discontinued operations | - | - | - |
Profit/(loss) from Discontinued operation (after tax) | - | - | - |
Profit (loss) for the period | 5,44,98,674 | 4,80,98,143 | (14,25,430) |
Other comprehensive income | |||
A (i) Items that will not be reclassified to profit or loss | (1,24,29,371) | (68,22,972) | (2,80,42,561) |
(ii) income tax relating to items that will be reclassified to profit or loss | (1,49,792) | (1,27,26,559) | 4,57,392 |
B (i) Items that will be reclassified to profit or loss | - | - | - |
(ii) income tax relating to items that will be reclassified to profit or loss | - | - | - |
Total Comprehensive Income for the period | 4,19,19,511 | 2,85,48,613 | (2,90,10,599) |
Earnings per share:- | |||
Basic | 51.90 | 45.80 | (1.36) |
Diluted | 51.90 | 45.80 | (1.36) |
Restated | 51.90 | 45.80 | (1.36) |
BALANCE SHEET OF SREE SATYANARAYANA SPINNING MILLS LIMITED (in Rs.)
(from 31-03-2019 to 31-03-2021)
PARTICULARS | 2021 | 2020 | 2019 |
Non-current Assets | |||
Property, Plant and Equipment | 34,31,13,235 | 33,25,90,509 | 33,83,17,368 |
Capital Work in Progress | - | - | - |
Investment property | - | - | - |
Other Intangible Assets | - | - | - |
Financial assets: | |||
Investments | 4,75,94,007 | 3,92,74,540 | 4,30,94,935 |
Trade receivables | - | - | - |
Loans | - | - | - |
Others (To be specified) | 93,04,913 | 1,42,75,813 | 1,42,75,813 |
Deferred Tax Assets (net) | - | - | - |
Other Non-Current assets | - | - | - |
Total Non-Current Assets | 40,00,12,155 | 38,61,40,862 | 39,56,88,116 |
Current Assets | |||
Inventories | 14,24,21,343 | 11,63,05,297 | 19,24,03,997 |
Financial assets: | |||
Investments | 5,24,80,300 | 25,77,142 | 3,80,362 |
Trade Receivables | 3,76,77,624 | 8,28,06,496 | 6,43,18,435 |
Cash and Cash Equivalents | 36,95,313 | 1,53,06,093 | 3,99,749 |
Bank balances other than (above) | 47,000 | 5,95,700 | 77,75,000 |
Loans | - | - | - |
Others (to be specified) | 4,40,285 | 7,37,412 | 20,49,801 |
Current tax asset(Net) | - | 68,80,832 | 76,78,380 |
Other Current Assets | 54,36,155 | 3,93,09,522 | 16,13,601 |
Total Current Assets | 24,21,98,020 | 26,45,18,794 | 27,66,19,325 |
TOTAL ASSETS | 64,22,10,175 | 65,06,59,656 | 67,23,07,441 |
EQUITY AND LIABILITIES | |||
Equity | |||
Equity Share Capital | 1,05,01,000 | 1,05,01,000 | 1,05,01,000 |
Other Equity | 52,30,74,985 | 48,11,55,475 | 45,83,03,735 |
Total Equity | 53,35,75,985 | 49,16,56,475 | 46,88,04,735 |
LIABILITIES | |||
Non-Current Liabilities | |||
Financial Liability | |||
Borrowings | - | - | 3,37,36,327 |
Trade Payables | |||
Due to Micro & Small Enterprises | - | - | - |
Due to Others | - | - | - |
Other Financial liabilities Provisions | 58,28,727 | 1,27,74,578 | 96,44,960 |
Deferred Tax Liability (Net) | 3,41,99,452 | 3,18,70,491 | 1,22,51,755 |
Other non-current liabilities | - | - | - |
Total Non-Current Liabilities | 4,00,28,179 | 4,46,45,069 | 5,56,33,042 |
Current Liabilities | |||
Financial liabilities: | |||
Borrowings | - | - | 5,53,95,207 |
Trade Payables | |||
Due to Micro & Small Enterprises | 10,36,008 | 3,46,448 | 3,61,549 |
Due to Others | 2,79,73,335 | 5,36,29,121 | 3,57,52,256 |
Other Financial liabilities | 2,96,72,177 | 5,22,79,017 | 4,80,54,157 |
Other Current Liabilities | 21,52,674 | 21,50,513 | 29,92,027 |
Provisions | 65,40,449 | 59,52,713 | 53,14,468 |
Current Tax Liabilities (Net) | 12,31,368 | - | - |
Total Current Liabilities | 6,86,06,011 | 11,43,57,812 | 14,78,69,664 |
TOTAL LIABILITIES | 64,22,10,175 | 65,06,59,356 | 67,23,07,441 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2019 to 31-03-2021)
Particulars | 2021 | 2020 | 2019 |
Dividend (in Rs.) | 9.00 | Nil | 4.50 |
Retained Earnings | 13,60,91,559 | 8,11,47,508 | 4,45,25,104 |
PERFORMANCE OF THE COMPANY
Revenue from operations decreased from Rs. 70,65,33,973 in FY 2020 to Rs. 56,17,13,724 in FY 2021, showing a decline of 20.49% as compared to previous financial year.
Finance Cost has decreased from Rs. 61,67,993 in FY 2020 to Rs. 27,17,362 in FY 2021 showing a decline of 55.94% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 5,44,98,674, 13.30% higher than Rs. 4,80,98,143 net profit of FY 2020, of the previous financial year.
The Current Ratio of the company as of 31st March 2021 was 3.53.
The debt to equity ratio of the company as of 31st March 2021 was 1.20.
The Company paid a dividend of Rs. 9.00 in the financial year 2020-2021.
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