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×

stanes amalgamated estates Limited

75.00
+ 0.00 %
Scrip Name
SAE Tea
ISIN No.
INE730F01013
PAN No.
AACCS7196Q
Face Value
10
No. of Outstanding Shares
1,107,499
Market Capitalization
8.31 Crore

STANES AMALGAMATED ESTATES LIMITED UNLISTED SHARE    


Registered at the registrar of companies in Coimbatore, and established on 02 July 1946, Stanes Amalgamated Estates Limited is also known as SAE. The authorized equity share capital of the company is Rs. 1,50,00,000 and its paid-up share capital is Rs. 1,10,74,990.


The Companies Products are: -

It has two large estates, Kotada Estate and Welbeck Estate, with factories. The company has modernized its factories over a period of time resulting in increased tea production. Both factories produce high-quality Orthodox Black and Specialty Teas. Welbeck Estate produces certified Organic and Green Teas.


INCORPORATION DETAILS

CIN

U01132TZ1946PLC000180

Registration Date

02 July 1946

Company Name

STANES AMALGAMATED ESTATES LIMITED

Email Address

SAETEAADMIN@SAETEA.COM

Category/Sub-category of the Company

Company Limited by Shares/Non-Government Company

Class of Company

Public Company

Registration Number

180

Address of the Registered office & contact details

8/23-24, Race Course Road, Coimbatore - 641 018

AUDITORS

Verma Mehta & Associates, Chartered Accountants

Address and Contact details of Registrar Transfer Agent

M/s. Integrated Registry Management Services Private Limited, Chennai

Listing Status

Unlisted


PARTICULARS OF HOLDING COMPANIES

S. No.

Name of the Company

Holding

% of shares held

1.

T.STANES AND COMPANY LIMITED

HOLDING

50.23%

2.

AMALGAMATIONS PRIVATE LIMITED

ULTIMATE HOLDING

12.69%


BOARD OF DIRECTORS

S. No.

Name of Directors

Category of Directors

1.

Mr. A. KRISHNAMOORTHY

CHAIRMAN

2.

Mr. P. S. WALLIA

DIRECTOR

3.

Mr. V. VISWANATHAN

DIRECTOR

 

Principal Business Activities of the Company

S. No.

Name & Description of main products/services

NIC Code of the Product /service

% of the total turnover of the company

1

TEA

09024020

98.47%


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

8,22,567

74.27%

2

Public

2,84,932

25.73%

 

Total

11,07,499

100.00%


PROFIT & LOSS STATEMENT OF STANES AMALGAMATED ESTATES LIMITED (in Rs.) 

(As of 31-03-2019 to 31-03-2021)

Particular

2021

2020

2019

Income




Revenue from operations

12,77,61,789

10,63,06,749

12,12,07,182

Other income

12,30,606

16,50,677

18,27,781

Total income

12,89,92,395

10,79,57,426

12,30,34,963

Expenses




Purchases of tea

23,678

-

-

Changes in inventories of finished goods

57,33,050

(45,14,544)

(42,96,226)

Employee Benefits Expense

9,15,61,941

9,72,03,629

9,53,67,418

Finance Cost

3,85,260

1,53,005

-

Depreciation Expenses

42,70,493

42,64,391

44,33,747

Other Expenses

3,98,37,220

3,80,23,058

4,22,94,517

Total expenses

14,18,11,642

13,51,29,539

13,77,99,456

Loss before tax

(1,28,19,247)

(2,71,72,113)

(1,47,64,493)

Tax expense:




Current tax

8,39,200

11,60,000

85,280

Deferred tax

(7,84,596)

(3,37,378)

(5,096)

Total Expenses

54,604

8,22,622

80,184

Loss for the year

(1,28,73,851)

(2,79,94,735)

(1,48,44,677)

Other Comprehensive Income / (Loss)




Item that will not be reclassified to profit or loss:




    - Re-measurement of the defined benefit plans

(12,00,825)

10,04,657

11,82,060

    -  Equity and debt instruments through Other Comprehensive Income

42,57,813

(48,64,727)

(25,35,097)

Income tax relating to item that will not be reclassified to profit or loss

(34,094)

(1,77,634)

48,20,234

Other Comprehensive Income / (loss)

30,22,894

(40,37,704)

34,67,197

Total Comprehensive Income / (Loss)

(98,50,957)

(3,20,32,439)

(1,13,77,480)

Earnings per equity share:




     Earnings per equity share (Basic)

(11.62)

(25.28)

(13.40)

     Earnings per equity share (Diluted)

(11.62)

(25.28)

(13.40)


BALANCE SHEET OF STANES AMALGAMATED ESTATES LIMITED 

(In Rs.) 

(As of 31-03-2019 to 31-03-2021)

PARTICULARS

2021

2020

2019

ASSETS




Non-current assets




Property, plant and equipment

3,76,27,220

3,99,63,008

4,41,62,599

Financial assets




       Investments

1,61,14,925

1,01,15,585

4,15,73,640

Deferred tax assets (net)

10,63,587

3,13,085

1,53,341

Other non-current assets

10,33,276

11,43,522

11,70,522

Total non-current assets

5,58,39,008

5,15,35,200

8,70,60,102

Current assets




Inventories

2,93,81,674

3,52,32,851

2,91,76,758

Financial assets




      Trade receivables considered good – Unsecured

75,23,536

1,12,32,401

1,08,08,501

      Cash and cash equivalents

77,59,924

1,48,64,713

1,00,82,921

      Bank balances other than above

54,86,949

7,29,587

5,87,746

      Other financial assets

1,26,884

2,48,483

52,12,283

Other current assets

40,08,716

60,64,408

33,51,295

Current tax assets (net)

-

-

1,02,947

Total current assets

5,42,87,683

6,83,72,443

5,93,22,451

TOTAL ASSETS

11,01,26,691

11,99,07,643

14,63,82,553

EQUITY AND LIABILITIES




Equity




Equity share capital

1,10,74,990

1,10,74,990

1,10,74,990

Other equity

7,51,56,399

8,50,07,356

11,83,74,944

Total equity

8,62,31,389

9,60,82,346

12,94,49,934

LIABILITIES




Non-current liabilities




Provisions

3,51,355

2,86,173

3,51,730

Total non-current liabilities

3,51,355

2,86,173

3,51,730

Current liabilities




Financial liabilities




Borrowings

40,00,000

50,00,000

-

Trade payables




    - dues of micro-enterprises and small enterprises

1,19,285

7,68,480

1,25,255

   - dues of creditors other than micro enterprises and small

enterprises

1,03,34,455

1,13,74,262

94,19,617

Other financial liabilities

40,83,997

20,14,125

13,54,944

Current tax liabilities (net)

18,46,999

11,04,905

-

Other current liabilities

31,59,211

32,77,352

32,77,352

Total current liabilities

2,35,43,947

2,35,39,124

1,65,80,889

TOTAL EQUITY AND LIABILITIES

11,01,26,691

11,99,07,643

14,63,82,553


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars

2021

2020

2019

Dividend

Nil

Nil

Nil

Retained Earnings

(1,89,94,240)

(61,36,777)

79,17,087

 

PERFORMANCE OF THE COMPANY

Revenue from operations increased from Rs. 10,63,06,749 in FY 2020 to Rs. 12,77,61,789 in FY 2021, showing a growth of 20.18% as compared to previous financial year.


Finance Cost has increased from Rs. 1,53,005 in FY 2020 to Rs.  3,85,260 in FY 2021 showing a growth of 151.79% as compared to the previous financial year.


In FY 2021, Company’s Net loss stood at Rs. (1,28,73,851) as compared to a net loss of Rs. (2,79,94,735) in FY 2020  as compared to the previous financial year.


The Current Ratio of the company as of 31st March 2021 was 2.30.

 

The debt to equity ratio of the company as of 31st March 2021 was 1.27.


In the Financial Year 2020-21, the company has not paid dividends.

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