About Empee Sugars and Chemicals Limited
Data last updated:
Empee Sugars and Chemicals Limited is a public limited company based in Nellore, Andhra Pradesh, India, a subsidiary of Empee Distilleries Limited. 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 sugar processing segment of the agriculture sector. It was incorporated on 24 November 1988.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN L24110AP1988PLC009291. Its GSTIN is 29AABCE5658G1ZF (Karnataka). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (500132) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹41.97 Cr. It was formerly known as Raghava Sugars Private Limited and Raghava Sugars Limited. It is led by directors Ramaswami Rangachari and Suresh Raj Madhok.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ayyapareddipalemnaidupet Mandal Nellore Dist, Andhra Pradesh, India – 524126.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.81 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹29.99 Cr (net margin -189.6%) and EBITDA of -₹16.47 Cr (EBITDA margin -104.1%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
The company has about 22 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹2,368.01 Cr and satisfied charges of ₹12.63 Cr on record. Court records list 131 cases involving the company, including 55 filed by the company and 76 filed against it; 11 cases are pending. The company has 23 deals on record (23 market trades); the latest was in March 2013.
The last known website on record is empeegroup.co.in.
Company details
Name history
Empee Sugars and Chemicals has undergone 2 name changes throughout its history. The company was previously known as Raghava Sugars Private Limited, and Raghava Sugars Limited. The current legal name is Empee Sugars And Chemicals Limited.
| Company Name | Status |
|---|---|
| Empee Sugars and Chemicals Limited | Current |
| Raghava Sugars Private Limited | Previous |
| Raghava Sugars Limited | Previous |
CIN history
Empee Sugars and Chemicals has one previous CIN (Corporate Identification Number): U24110AP1988PLC009291. The current CIN is L24110AP1988PLC009291, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24110AP1988PLC009291 | Current |
| U24110AP1988PLC009291 | Previous |
Contact details
Empee Sugars and Chemicals Limited's registered office is in Nellore, Andhra Pradesh. Its website is empeegroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAyyapareddipalemnaidupet Mandal Nellore Dist, Andhra Pradesh, India – 524126
- IndustryAgriculture, Sugar Processing
To see the full contact details of Empee Sugars and Chemicals 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 Empee Sugars and Chemicals Limited
FY 2018 filings availableEmpee Sugars and Chemicals Limited reported revenue of ₹15.81 Cr (down 80% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 80% fall 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 | ₹15.81 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹16.47 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.99 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 | -104.1% | |||
| Net Profit Margin | -189.6% | |||
| 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 Empee Sugars and Chemicals Limited, buy the company report.
Board of directors of Empee Sugars and Chemicals Limited
Empee Sugars and Chemicals has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswami Rangachari Also directs: Pandyan Hotels Limited | Director | 09 May 2016 | 10 Years 6 Months | As last reported |
| Suresh Raj Madhok Also directs: Daaj Hotels and Resorts Private Limited, Empee Hotels Limited, Sulivan Enterprises Private Limited and 1 more | Director | 13 Feb 2017 | 9 Years 9 Months | As last reported |
Auditor
Empee Sugars and Chemicals Limited is audited by Venkatesh & Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Venkatesh & Co. | FY 2018 | 004636S |
Shareholding
The shareholding of Empee Sugars and Chemicals Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Empee Sugars and Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2012 | 10353463 | Bank of India | ₹546.53 Cr | Open | |
| 27 Jan 2011 | 10487553 | Tata Capital Limited | ₹32 Lakh | Open | |
| 26 Oct 2010 | 10247030 | President of India | ₹18.12 Cr | Open | |
| 26 Oct 2010 | 10247031 | President of India | ₹39.97 Cr | Open | |
| 29 Sep 2010 | 10245693 | Indian Overseas Bank | ₹269.04 Cr | Open |
To see the full charge records of Empee Sugars and Chemicals Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Empee Sugars and Chemicals Limited has 23 deals on record (23 market trades); the latest was in March 2013.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Market trade | ₹21.5 Lakh | Seller: Scan Steels Limited |
| May 2011 | Market trade | ₹1.26 Cr | Buyer: Scan Steels Limited |
| Apr 2010 | Market trade | ₹4 Cr | Buyer: 2 individuals Seller: Empee Distilleries Limited |
| Apr 2010 | Market trade | ₹1.93 Cr | Seller: Empee Distilleries Limited |
| Oct 2009 | Market trade | ₹64.2 Lakh | Buyer: an individual Seller: Empee Holdings Limited |
To see the full deal history of Empee Sugars and Chemicals Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Empee Sugars and Chemicals Limited has 131 court cases on record: 55 filed by Empee Sugars and Chemicals, 76 filed against it. 11 cases are pending and 120 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 97 | 46 | 5 |
| District courts | 23 | 21 | 1 |
| Supreme Court | 5 | 3 | 1 |
| NCLT | 3 | 3 | 2 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 131)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed against the company by Jain Irrigation Systems Ltd. THR. Its Authorised Person Regd. Office: Jain Park, P.O. Box No. 72, N.H. No. 6 Bambhori , District: Jalgaon ,Jalgaon , Maharashtra | Pending |
| NCLT, Amravati | Insolvency matter | Filed against the company by Isgec Heavy Engineering Limited | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Radha Smelters Private Limited | Disposed |
| Madras High Court | Original application | Filed against the company by Isgec Heavy Engineering Ltd | Disposed |
| Madras High Court | Appeal | Filed against the company by Isgec Heavy Engineering Ltd | Disposed |
To see the full case history of Empee Sugars and Chemicals 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.
Credit ratings & regulatory alerts
Empee Sugars and Chemicals Limited was last rated by Icra on 26 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 May 2022 |
To see the full credit ratings and regulatory alerts of Empee Sugars and Chemicals Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Empee Sugars and Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Empee Sugars and Chemicals has 2 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Empee Power Company (India) Limited | U40101TN1996PLC037198 | |
| Appollo Wind Energy Private Limited | U40108TN2004PTC054943 |
To see the full group structure of Empee Sugars and Chemicals Limited, buy the company report.
GST
Empee Sugars and Chemicals has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE5658G1ZF | Karnataka | Active | 27 Jul 2022 |
To see the full GST registrations and return filing status of Empee Sugars and Chemicals Limited, buy the company report.
Recent activity
Empee Sugars and Chemicals Limited has 28 board changes on record since 1990: 15 appointments and 13 cessations. The latest: Purushothaman Nisha ceased to be Additional Director on 31 Mar 2021.
91 earlier events are in the company report.
News
Frequently asked questions
Empee Sugars and Chemicals 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.
Empee Sugars and Chemicals is a company under liquidation, formerly operating as a public limited company based in Nellore, Andhra Pradesh, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 24 November 1988 and is registered under CIN L24110AP1988PLC009291. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Empee Sugars and Chemicals has 2 current directors:
- Ramaswami Rangachari - Director
- Suresh Raj Madhok - Director
The latest financial statements of Empee Sugars and Chemicals on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Empee Sugars and Chemicals is L24110AP1988PLC009291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Empee Sugars and Chemicals is recorded as a listed company by MCA, but trading in its shares on BSE (500132) has been suspended, so they do not currently trade on a stock exchange.
Empee Sugars and Chemicals has open charges of ₹2,368.01 Cr and satisfied charges of ₹12.63 Cr as per latest MCA filings.
Empee Sugars and Chemicals has 131 court cases on record: 55 filed by the company and 76 filed against it. 11 are pending. Most are in the high courts.
Empee Sugars and Chemicals was incorporated on 24 November 1988. It is registered with the Registrar of Companies, Vijayawada.
Empee Sugars and Chemicals has 23 deals on record (23 market trades); the latest was in March 2013.
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