About Ethnic Agros Limited
Data last updated:
Ethnic Agros Limited is a public limited company based in Guntur, Andhra Pradesh, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the tobacco products and alternatives segment of the FMCG sector. It was incorporated on 29 September 2006.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17111AP2006PLC051297. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹22.7 Cr and a paid-up capital of ₹22.63 Cr. It was formerly known as Ethnic Spinners Private Limited and Ethnic Spinners Limited. It is led by directors including Tadisetti Venkata Rao (Managing Director) and Tadisetty Murali Mohan.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at D.No. 6 – 23 – 6/C Jaya Towers 5th Lane 4th Cross Road Arundalpet, Guntur, Andhra Pradesh, India – 522002.
As per the financials filed for FY 2017, the company reported a revenue of ₹195.52 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹64.08 Lakh (net margin 0.3%) and EBITDA of ₹9.62 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹70.37 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending.
The last known website on record is ethnictobaccoindia.com.
Company details
Name history
Ethnic Agros has undergone 2 name changes throughout its history. The company was previously known as Ethnic Spinners Private Limited, and Ethnic Spinners Limited. The current legal name is Ethnic Agros Limited.
| Company Name | Status |
|---|---|
| Ethnic Agros Limited | Current |
| Ethnic Spinners Private Limited | Previous |
| Ethnic Spinners Limited | Previous |
CIN history
Ethnic Agros has one previous CIN (Corporate Identification Number): U17111AP2006PTC051297. The current CIN is U17111AP2006PLC051297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111AP2006PLC051297 | Current |
| U17111AP2006PTC051297 | Previous |
Contact details
Ethnic Agros Limited's registered office is in Guntur, Andhra Pradesh. Its website is ethnictobaccoindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD.No. 6 – 23 – 6/C Jaya Towers 5th Lane 4th Cross Road Arundalpet, Guntur, Andhra Pradesh, India – 522002
- IndustryFMCG, Tobacco Products & Alternatives
To see the full contact details of Ethnic Agros 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 Ethnic Agros Limited
FY 2017 filings availableEthnic Agros Limited reported revenue of ₹195.52 Cr (up 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 3% growth in the latest year. EBITDA fell 6% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹195.52 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹9.62 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹64.08 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4.9% | ||
| Net Profit Margin | 0.3% | ||
| 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 Ethnic Agros Limited, buy the company report.
Board of directors of Ethnic Agros Limited
Ethnic Agros has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Ramana Mindela | Additional Director | 08 Aug 2018 | 8 Years 2 Months | As last reported |
| Tadisetty Murali Mohan | Director | 29 Sep 2006 | 20 Years 0 Months | As last reported |
| Tadisetti Venkata Rao | Managing Director | 29 Sep 2006 | 20 Years 0 Months | As last reported |
Shareholding
The shareholding of Ethnic Agros Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ethnic Agros Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2007 | 10082662 | State Bank of India | ₹70.37 Cr | Open |
To see the full charge records of Ethnic Agros Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ethnic Agros Limited has 3 court cases on record: 2 filed by Ethnic Agros, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Court case (CRLP) | Filed by the company against individuals | Pending |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| NCLT, Amravati | Insolvency matter | Filed by the company against State Bank of India | Disposed |
To see the full case history of Ethnic Agros 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 Ethnic Agros Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ethnic Agros has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ethnic Agros Limited, buy the company report.
Recent activity
Ethnic Agros Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Janjanam Vidyanath ceased to be Director on 10 Aug 2018.
Frequently asked questions
Ethnic Agros is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ethnic Agros is a company under liquidation, formerly operating as a public limited company based in Guntur, Andhra Pradesh, India. The company works in tobacco products and alternatives, within the FMCG industry. It was incorporated on 29 September 2006 and is registered under CIN U17111AP2006PLC051297. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ethnic Agros has 3 current directors:
- Tadisetti Venkata Rao - Managing Director
- Venkata Ramana Mindela - Additional Director
- Tadisetty Murali Mohan - Director
The latest financial statements of Ethnic Agros on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ethnic Agros is U17111AP2006PLC051297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethnic Agros has open charges of ₹70.37 Cr and no satisfied charges on record as per latest MCA filings.
Ethnic Agros has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Ethnic Agros was incorporated on 29 September 2006. It is registered with the Registrar of Companies, Vijayawada.
Janjanam Vidyanath ceased to be Director on 10 Aug 2018. Venkata Ramana Mindela was appointed as Additional Director on 08 Aug 2018. Tadisetti Venkata Rao was appointed as Managing Director on 29 Sep 2006. Ethnic Agros has 4 board changes on record in total.
Ethnic Agros can be reached through the website ethnictobaccoindia.com. Its registered office is in Guntur, Andhra Pradesh, India.