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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