About THE SCOTTISH ASSAM (INDIA) LIMITED Unlisted Shares
THE SCOTTISH ASSAM (INDIA) LIMITED was first started in the year 1977 with a garden named Heeleakah Tea Estate of about 950 Hectares. The brand name of the tea produced by the company is known as ‘Heeleakah’. It has become a popular brand among upper Assam tea.
The company started manufacturing teas from brought leaf marked as ‘Dhopatbari’ from the year 2012.
Prices for teas in India, due to the drop in supply, have currently increased, post the lockdown opening. The prospects are encouraging. However, the majority of the production for the current season is still to be sold, and the company's prospects for the year would be largely influenced by how the tea prices in the market behave for the remaining of the production season. The labor and the staff were unable to work at their full capacity as only 50% of the staff worked during the lockdown period in the garden.
The equity shares of THE SCOTTISH ASSAM (INDIA) LIMITED are listed on Calcutta Stock Exchange.
INCORPORATION DETAILS
|
CIN |
L01132WB1977PLC031175 |
|
Registration Date |
27th September 1977 |
|
Category/Sub-category of the Company |
Limited by Shares |
|
Address of the Registered office |
1, Crooked Lane, Kolkata – 700 069 Phone: (033) 2248 7062 Email: scotishassam@gmail.com |
|
Registrar and Transfer Agent, if any |
M/s. ABS Consultant Private Limited “Stephen House” Room No-99, 6th Floor 4, B.B.D. Bagh (East) Kolkata – 700 001 Tel : (033) 2230-1043 |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
|
Name and Description of main products/services |
% to total turnover of the Company |
|
Manufacturing and Sale of Tea |
100% |
BOARD OF DIRECTORS
Mr. Dhirendra Kumar
Ms. Shashi Kumar
Ms. Divya Jalan
Mr. Hemant Kumar Agrawal
Mr. Golam Momen (Independent Director)
Mr. Ghanshyam Das Gupta (Independent Director)
Mr. Gaurav Gupta (Independent Director)
Mr. Naveen Bansal (Independent Director)
Mr. Kartik Narayan Singh (Whole-time Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
THE SCOTTISH ASSAM (INDIA) LIMITED does not have any subsidiary or associate company.
THE SCOTTISH ASSAM (INDIA) LIMITED SHARE DETAILS
|
Total Available Shares: |
8,00,000 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE010G01018 |
|
PAN No. |
AAACT9788P |
|
Lot Size: |
100 Shares |
|
Current Price: |
Rs. 600 |
|
Market Capitalization: |
Rs. 48.00 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoters & Promoter Group |
6,00,000 |
75.00% |
|
2 |
Public Shareholding |
2,00,000 |
25.00% |
|
|
Total |
8,00,000 |
100.00% |
INDUSTRY OUTLOOK
India is the second largest producer of Tea in world. Not only that, India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. North East and North Bengal are known to be the main tea growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
All India tea production during FY 2020 was 1,360.10 million kgs compared to 1,349.60 million kgs in the FY 2019. In January 2021, India produced 16.05 million kg of tea. The Indian tea market is estimated to be Rs. 26,000 Crores, with unbranded tea market being 30-35% of the overall market value.
Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in year 2017. However, India does not export much in case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China and Sri Lanka. But in 2019, India became the 2nd Largest tea producer in world and produced around 1,339.70 million kg. India accounts for around 31% of world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
PROFIT & LOSS STATEMENT OF THE SCOTTISH ASSAM (INDIA) LIMITED (In Rs. Lakhs)
|
PARTICULARS |
FY 2021 |
FY 2020 |
FY 2019 |
FY 2018 |
|
Revenue from Operations |
3,150.74 |
3,148.00 |
2,985.84 |
2,766.04 |
|
EBITDA |
570.23 |
-261.33 |
686.91 |
326.07 |
|
Finance Cost |
28.70 |
32.36 |
29.48 |
27.64 |
|
Depreciation |
38.02 |
45.47 |
46.15 |
41.31 |
|
Other Income |
1,202.31 |
9.38 |
6.39 |
268.81 |
|
Profit/Loss before Tax |
1,705.82 |
-329.78 |
617.67 |
525.93 |
|
Total Tax |
286.26 |
86.48 |
127.58 |
102.01 |
|
Profit After Tax (PAT) |
1,419.56 |
-416.26 |
490.09 |
423.92 |
|
EPS |
177.45 |
-52.03 |
61.26 |
52.99 |
BALANCE SHEET OF THE SCOTTISH ASSAM (INDIA) LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2021 |
31st March 2020 |
31st March 2019 |
|
ASSETS |
|||
|
NON CURRENT ASSETS |
|||
|
Tangible assets |
387.97 |
376.04 |
370.46 |
|
Intangible assets |
0.45 |
1.22 |
0.01 |
|
Financial assets |
5,555.39 |
3,900.34 |
4,459.82 |
|
Tax assets |
102.01 |
145.91 |
153.32 |
|
TOTAL NON CURRENT ASSETS |
6,045.82 |
4,423.51 |
4,983.61 |
|
CURRENT ASSETS |
|||
|
Inventories |
185.87 |
148.5 |
220.04 |
|
Financial assets |
4.78 |
32.87 |
32.83 |
|
Trade receivables |
51.83 |
13.27 |
51.26 |
|
Cash and cash equivalent |
223.8 |
55.83 |
20.29 |
|
Other current assets |
47.9 |
51.74 |
42.39 |
|
TOTAL CURRENT ASSETS |
514.18 |
302.21 |
366.81 |
|
TOTAL ASSETS |
6,560.00 |
4,725.72 |
5,350.42 |
|
EQUITY AND LIABILITIES |
|||
|
EQUITY |
|||
|
Equity Share Capital |
80 |
80 |
80 |
|
Other Equity |
5,309.69 |
3,948.14 |
4,409.76 |
|
TOTAL EQUITY |
5,389.69 |
4,028.14 |
4,489.76 |
|
LIABILITIES |
|||
|
NON CURRENT ASSETS |
|||
|
Financial liabilities |
74.47 |
0 |
0 |
|
Tax liabilities |
135.68 |
0 |
0 |
|
TOTAL NON CURRENT ASSETS |
210.15 |
0 |
0 |
|
CURRENT LIABILITIES |
|||
|
Borrowings |
396.58 |
183.86 |
289.24 |
|
Trade payables |
148.42 |
208.14 |
134.85 |
|
Other financial liabilities |
307.72 |
231.81 |
261.85 |
|
Other current liabilities |
38.47 |
32.13 |
40.38 |
|
Provisions |
68.97 |
41.62 |
107.01 |
|
Tax liabilities |
0 |
0.02 |
27.33 |
|
TOTAL CURRENT LIABILITIES |
960.16 |
697.58 |
860.66 |
|
TOTAL EQUITY AND LIABILITIES |
6,560.00 |
4,725.72 |
5,350.42 |
DIVIDEND HISTORY
|
Particulars |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
4 |
4 |
4 |
|
Retained Earnings (Consolidated) (In Rs. Lakhs) |
1,653.23 |
2,214.85 |
1,918.85 |
PERFORMANCE OF THE COMPANY
In FY 2020, the company’s total production of tea was 15.96 lakh kgs, which includes 2.52 lakh kgs produced from bought leaves.
Revenue from Operations of the company remained stable from Rs. 3,148 lakhs in FY 2020 to Rs. 3,150.74 lakhs in FY 2021.
The EBITDA of the company turned from a loss of Rs. 261.33 lakhs in FY 2020 to a profit of Rs. 570.23 lakhs in FY 2021.
The company turned profitable again in FY 2021 and made a profit of Rs. 1,419.56 lakhs, as against a loss of Rs. 416.26 lakhs in FY 2020.
The current Ratio of the company as of 31st March 2020 was 0.53.
The total borrowings of the company as of 31st March 2021 was Rs. 396.58 lakhs. The debt to equity ratio of the company as of 31st March 2021 was 0.07.
The Scottish Assam (India) Limited has given a dividend of Rs. 4 per equity share for FY 2020.
The book value per equity share of the company as of 31st March 2021 was Rs. 673.71.
