About Madras Sugars Limited
Data last updated:
Madras Sugars Limited was a public limited company based in Coimbatore, Tamil Nadu, India, operated as a subsidiary of Svb Holdings Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sugar processing segment of the agriculture sector. It was incorporated on 30 April 2009.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U15420TZ2009PLC015974. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr. It was led by directors including Sangampalayam Vedanayagam Balasubramaniam (Managing Director) and Chellamuthu Sivasamy.
Its last annual general meeting (AGM) was held on 30 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 1212 Trichy Road, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2015, the company reported a revenue of ₹137.05 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹54.63 Lakh (net margin 0.4%) and EBITDA of ₹49.78 Cr (EBITDA margin 36.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹14.9 Cr; the latest was in November 2014.
The last known website on record is bannari.com.
Company details
CIN history
Madras Sugars has one previous CIN (Corporate Identification Number): U15420TN2009PLC071486. The current CIN is U15420TZ2009PLC015974, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15420TZ2009PLC015974 | Current |
| U15420TN2009PLC071486 | Previous |
Contact details
Madras Sugars Limited's registered office is in Coimbatore, Tamil Nadu. Its website is bannari.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1212 Trichy Road, Coimbatore, Tamil Nadu, India – 641018
- IndustryAgriculture, Sugar Processing
To see the full contact details of Madras Sugars Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Madras Sugars Limited
FY 2015 filings availableMadras Sugars Limited reported revenue of ₹137.05 Cr (down 21% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 23% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹137.05 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹49.78 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹54.63 Lakh |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
| Short-term Borrowings | |
| Trade Payables | |
| Total Liabilities | |
| Fixed Assets | |
| Investments | |
| Inventories | |
| Trade Receivables | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 36.3% |
| Net Profit Margin | 0.4% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
| Debt-to-Equity Ratio | |
| Interest Coverage Ratio | |
| Efficiency and Growth | |
| Asset Turnover | |
| Receivable Days | |
| Payable Days | |
| Inventory Days | |
| Revenue Growth | |
| Net Profit Growth | |
To see the full financial statements and ratios of Madras Sugars Limited, buy the company report.
Board of directors of Madras Sugars Limited
Madras Sugars has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chellamuthu Sivasamy Also directs: Shiva Cargo Movers Private Limited, Bannari Amman Spinning Mills Limited, Shiva Mills Limited and 5 more | Director | 09 May 2011 | 15 Years 6 Months | As last reported |
| Balasubramaniam Saravanan Also directs: Bannari Amman Sugars Limited, Kerala Alcoholic Products Private Limited, SVB Holdings Private Limited and 2 more | Director | 28 Oct 2009 | 17 Years 0 Months | As last reported |
| Sangampalayam Vedanayagam Balasubramaniam Also directs: Bannari Amman Sugars Limited, Shiva Cargo Movers Private Limited, SVB Enterprise Private Limited and 5 more | Managing Director | 28 Oct 2009 | 17 Years 0 Months | As last reported |
| Thatha Gowder Gundan | Director | 28 Oct 2009 | 17 Years 0 Months | As last reported |
Auditor
Madras Sugars Limited is audited by P N RAGHAVENDRA RAO & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P N RAGHAVENDRA RAO & CO | FY 2015 | 003328S |
Shareholding
The shareholding of Madras Sugars Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Madras Sugars Limited, buy the company report.
Deals & funding
Madras Sugars Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹14.9 Cr; the latest was in November 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: SVB Holdings Private Limited & B Saravanan, SVB Holdings Private Limited , SVB Holdings Private Limited & Shiva Cargo Movers Limited Seller: Shiva Distilleries Limited & Shiva Cargo Movers Limited, Shiva Distilleries Limited & B Saravanan, Shiva Distilleries Limited & Annamallai Eneterprise Limited |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Shiva Distilleries Limited & Bannari Amman Enterprises Limited, Shiva Distilleries Limited & Annamallai Eneterprise Limited, Shiva Distilleries Limited & SVB Enterprise Private Limited Seller: Shiva Distilleries Limited & S. V Balakrishnan, Shiva Distilleries Limited & S. V Kandasami, Shiva Distilleries Limited & S. V Arumugam |
| Mar 2011 | Funding round | ₹14.9 Cr | Investors: Shiva Distilleries Private Limited , Shiva Distilleries Limited & S. V Arumugam, Shiva Distilleries Limited & S. V Balasubramaniam |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: Shiva Distilleries Private Limited , Shiva Distilleries Limited & S. V Alagappan, Shiva Distilleries Limited & S. V Balasubramaniam Seller: Madras Cement Limited, Madras Cement Limited & K. Selvanayangam, Madras Cement Limited & P.R. Ramasubrahmanya Rajha |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madras Sugars Limited has 7 court cases on record: 4 filed by Madras Sugars, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (COMP.A) | Filed by the company | Disposed |
| Madras High Court | Company petition | Filed by the company | Disposed |
| District court, Viluppuram, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| District court, Viluppuram, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Madras Sugars Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madras Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madras Sugars has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Madras Sugars Limited, buy the company report.
Recent activity
Madras Sugars Limited has 14 board changes on record since 2009: 4 appointments and 10 cessations. The latest: Sannareddy Audiseshiah ceased to be Director on 05 Dec 2014.
5 earlier events are in the company report.
Frequently asked questions
Madras Sugars has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Madras Sugars was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in sugar processing, within the agriculture industry. It was incorporated on 30 April 2009 and is registered under CIN U15420TZ2009PLC015974. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Madras Sugars was incorporated on 30 April 2009. It is registered with the Registrar of Companies, Coimbatore.
Madras Sugars had 4 directors:
- Sangampalayam Vedanayagam Balasubramaniam - Managing Director
- Chellamuthu Sivasamy - Director
- Balasubramaniam Saravanan - Director
- Thatha Gowder Gundan - Director
The CIN (Corporate Identification Number) of Madras Sugars is U15420TZ2009PLC015974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Madras Sugars is at 1212 Trichy Road, Coimbatore, Tamil Nadu, India – 641018.
Madras Sugars can be reached through the website bannari.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Madras Sugars on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 December 2015. Year-wise statements from 2015 are in the company report.
No. Madras Sugars has 1 GST registration on record and it is cancelled or inactive.
Madras Sugars operated in the agriculture industry, in the sugar processing segment.
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