About Padmaadevi Sugars Limited
Data last updated:
Padmaadevi Sugars Limited is a public limited company based in Kancheepuram, Tamil Nadu, India, a subsidiary of Prabhat Holdings Private 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 23 January 1995.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15421TN1995PLC029913. Its GSTIN is 33AAACS9094H2Z4 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹180 Cr and a paid-up capital of ₹40.25 Cr. It was formerly known as S.V. Sugar Mills Limited. It is led by directors including Dinesh Shivagan Patel (Managing Director) and Thamburaj Rajendran.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 106 Palayasivaram Village Palayasivaram Village, Kancheepuram, Tamil Nadu, India – 631606.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.28 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹25.79 Cr (net margin -410.7%) and EBITDA of -₹8.64 Cr (EBITDA margin -137.7%).
The company has about 171 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹699.02 Cr and satisfied charges of ₹26.75 Cr on record. Court records list 96 cases involving the company, including 50 filed by the company and 46 filed against it; 5 cases are pending.
The last known website on record is padmaadevi.com.
Company details
Contact details
Padmaadevi Sugars Limited's registered office is in Kancheepuram, Tamil Nadu. Its website is padmaadevi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address106 Palayasivaram Village Palayasivaram Village, Kancheepuram, Tamil Nadu, India – 631606
- IndustryAgriculture, Sugar Processing
To see the full contact details of Padmaadevi 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 Padmaadevi Sugars Limited
FY 2017 filings availablePadmaadevi Sugars Limited reported revenue of ₹6.28 Cr (down 88% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest 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 | |||
| Other Income | |||
| Total Revenue | ₹6.28 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹8.64 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹25.79 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -137.7% | ||
| Net Profit Margin | -410.7% | ||
| 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 Padmaadevi Sugars Limited, buy the company report.
Board of directors of Padmaadevi Sugars Limited
Padmaadevi Sugars has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thamburaj Rajendran Also directs: Pabros Spices Private Limited | Director | 21 Oct 2013 | 13 Years 0 Months | As last reported |
| Dinesh Shivagan Patel | Managing Director | 06 Aug 2010 | 16 Years 2 Months | As last reported |
| Hittesh Patel Shivgan | Additional Director | 02 Nov 2017 | 8 Years 11 Months | As last reported |
| Pandiyaraj | Director | 25 Aug 2014 | 12 Years 1 Months | As last reported |
Auditor
Padmaadevi Sugars Limited is audited by T Selvaraj & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T Selvaraj & Co | FY 2017 | 003703S |
Shareholding
The shareholding of Padmaadevi Sugars Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Padmaadevi Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2012 | 10350229 | Bank of India | ₹18.5 Cr | Open | |
| 11 Oct 2008 | 10131946 | Bank of India | ₹99.2 Cr | Open | |
| 13 Feb 2008 | 10111293 | Indian Overses Bank | ₹10 Cr | Open | |
| 11 Dec 2007 | 10091740 | Indian Overseas Bank | ₹15 Cr | Open | |
| 11 Dec 2007 | 10098065 | Indian Overseas Bank | ₹176.73 Cr | Open |
To see the full charge records of Padmaadevi Sugars Limited, buy the company report.
Total charge records: 27 View all charges
Legal cases
Padmaadevi Sugars Limited has 96 court cases on record: 50 filed by Padmaadevi Sugars, 46 filed against it. 5 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 73 | 30 | 2 |
| District courts | 11 | 11 | 1 |
| NCLT | 7 | 4 | 1 |
| Supreme Court | 5 | 1 | 1 |
Cases on record (5 of 96)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Ms Sanghvi Movers Limited | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Jain Irrigation Systems Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S.Transworld Logistics Pvt Ltd., | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Velayudham Jayavel RP of Prabhat Resources Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Thirumagal Enterprise Ltd., and 1 other | Disposed |
To see the full case history of Padmaadevi 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 Padmaadevi Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Padmaadevi Sugars Limited has a workforce of 171 employees on its EPFO records as of Feb 23, 2025, across 1 active EPFO establishment.
GST
Padmaadevi Sugars has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACS9094H2Z4 | Tamil Nadu | Active | 20 Apr 2021 |
To see the full GST registrations and return filing status of Padmaadevi Sugars Limited, buy the company report.
Recent activity
Padmaadevi Sugars Limited has 14 board changes on record since 2010: 4 appointments and 10 cessations. The latest: Hittesh Patel Shivgan was appointed as Additional Director on 02 Nov 2017.
47 earlier events are in the company report.
Frequently asked questions
Padmaadevi Sugars 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.
Padmaadevi Sugars is a company under liquidation, formerly operating as a public limited company based in Kancheepuram, Tamil Nadu, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 23 January 1995 and is registered under CIN U15421TN1995PLC029913. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Padmaadevi Sugars has 4 current directors:
- Dinesh Shivagan Patel - Managing Director
- Thamburaj Rajendran - Director
- Hittesh Patel Shivgan - Additional Director
- Pandiyaraj - Director
The latest financial statements of Padmaadevi Sugars on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Padmaadevi Sugars is U15421TN1995PLC029913. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padmaadevi Sugars has open charges of ₹699.02 Cr and satisfied charges of ₹26.75 Cr as per latest MCA filings.
Padmaadevi Sugars has 96 court cases on record: 50 filed by the company and 46 filed against it. 5 are pending. Most are in the high courts.
Padmaadevi Sugars was incorporated on 23 January 1995. It is registered with the Registrar of Companies, Chennai.
Hittesh Patel Shivgan was appointed as Additional Director on 02 Nov 2017. Dinesh Patel Pushpa ceased to be Director on 02 Sep 2016. Pandiyaraj ceased to be Additional Director on 25 Sep 2014. Padmaadevi Sugars has 14 board changes on record in total.
Padmaadevi Sugars can be reached through the website padmaadevi.com. Its registered office is in Kancheepuram, Tamil Nadu, India.