Eastern Granites Ltd.
About Eastern Granites Ltd.
Data last updated:
Eastern Granites Ltd. is a public limited company based in Vijayawada, Andhra Pradesh, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 07 November 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U14102AP1989PLC010640. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹14.34 Cr. It is led by directors including Ranga Rao Nimmagadda and Sri Kishan Nimmagadda (Director Appointed In Casual Vacancy).
Its last annual general meeting (AGM) was held on 26 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 59/A – 1 – 1 – 2K.P.Nagar Vijayawada A.P., Andhra Pradesh, India – 520008.
As per the financials filed for FY 2018, the company reported a revenue of ₹41,820, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Cr and EBITDA of -₹14.73 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 90% over three years.
As per MCA filings, the company has open charges of ₹4.18 Cr and satisfied charges of ₹4.15 Cr on record. Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Eastern Granites has one previous CIN (Corporate Identification Number): L14102AP1989PLC010640. The current CIN is U14102AP1989PLC010640, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U14102AP1989PLC010640 | Current |
| L14102AP1989PLC010640 | Previous |
Contact details
Eastern Granites Ltd.'s registered office is in Vijayawada, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address59/A – 1 – 1 – 2K.P.Nagar Vijayawada A.P., Andhra Pradesh, India – 520008
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Eastern Granites Ltd., 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 Eastern Granites Ltd.
FY 2018 filings availableEastern Granites Ltd. reported revenue of ₹41,820 (down 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 90% over three years, including a 99% fall in the latest year. EBITDA rose 48% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹41,820 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹14.73 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.04 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Eastern Granites Ltd., buy the company report.
Board of directors of Eastern Granites Ltd.
Eastern Granites has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranga Rao Nimmagadda | Director | 30 Mar 2009 | 17 Years 7 Months | Current |
| Sri Kishan Nimmagadda | Director Appointed In Casual Vacancy | 27 Dec 2012 | 13 Years 10 Months | Current |
| Muppala Srikanth Also directs: Pixim Electronics Private Limited | Additional Director | 29 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Eastern Granites Ltd. is audited by RAO & NARAYAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & NARAYAN | FY 2018 | 003097S |
Shareholding
The shareholding of Eastern Granites Ltd. is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Eastern Granites Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2010 | 10222268 | Uco Bank | ₹17.6 Lakh | Open | |
| 10 Nov 2009 | 10185120 | Uco Bank | ₹4 Cr | Open | |
| 12 Mar 1994 | 80056292 | State Bank of India | ₹2.5 Cr | Satisfied | |
| 11 Aug 1993 | 90133621 | Asset Reconstruction Company (India) Limited | ₹75 Lakh | Satisfied | |
| 15 Mar 1993 | 90133596 | State Bank of India | ₹90 Lakh | Satisfied |
To see the full charge records of Eastern Granites Ltd., buy the company report.
Total charge records: 5 View all charges
Legal cases
Eastern Granites Ltd. has 17 court cases on record: 13 filed by Eastern Granites, 4 filed against it. 3 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 1 | 3 |
| District courts | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by Ms Tenax India Stone Products Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Stonera Systems Pvt Ltd | Disposed |
| High Court, ANDHRAPRADESH | Tax appeal | Filed against the company by Commissioner of Cusotms and Central Excise | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Commissioner of Customs & Central Excise, Guntur & Another and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Commissioner of Customs and Central Excise, Guntur and Another and 1 other | Pending |
To see the full case history of Eastern Granites Ltd., 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 Eastern Granites Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Eastern Granites Ltd. has 1 active EPFO establishment as of Apr 08, 2024.
GST
Eastern Granites 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 Eastern Granites Ltd., buy the company report.
Recent activity
Eastern Granites Ltd. has 12 board changes on record since 2009: 3 appointments and 9 cessations. The latest: Madhana Mohana Reddy Venkatapuram ceased to be Director on 29 Mar 2019.
12 earlier events are in the company report.
Frequently asked questions
Eastern Granites is an active public limited company based in Vijayawada, Andhra Pradesh, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 07 November 1989 (37+ years old) and is registered under CIN U14102AP1989PLC010640.
Eastern Granites has 3 current directors:
- Ranga Rao Nimmagadda - Director
- Sri Kishan Nimmagadda - Director Appointed In Casual Vacancy
- Muppala Srikanth - Additional Director
The latest financial statements of Eastern Granites on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 September 2018. Year-wise statements from 2015 are in the company report.
No. Eastern Granites has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Eastern Granites is U14102AP1989PLC010640. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eastern Granites has 17 court cases on record: 13 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Eastern Granites was incorporated on 07 November 1989, making it 37+ years old. It is registered with the Registrar of Companies, Vijayawada.
Madhana Mohana Reddy Venkatapuram ceased to be Director on 29 Mar 2019. Muppala Srikanth was appointed as Additional Director on 29 Mar 2019. Swathi Talluri ceased to be Director on 23 Jan 2016. Eastern Granites has 12 board changes on record in total.
The registered office of Eastern Granites is at 59A – 1 – 1 – 2K.P.Nagar Vijayawada A.P., Andhra Pradesh, India – 520008.
Eastern Granites operates in the metals and minerals industry, in the construction materials retail and distribution segment.
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