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SRS Limited

Consortium Meeting Financial Achievements June 19, 2015

SRS Limited Consortium Meeting Financial Achievements June 19, 2015

Present Business Operations

Present Business Operations Operational Units Jewellery Division SRS Jewells – Retail Store 10 Wholesale Units 4
Present Business Operations Operational Units Jewellery Division SRS Jewells – Retail Store 10 Wholesale Units 4

Operational Units

Jewellery Division

SRS Jewells – Retail Store

10

Wholesale Units

4

Manufacturing Unit (NSEZ)

1

Cinema Division (No. of Screens)

 

Tier 1

4

Tier 2

31

Tier 3

19

Total

54

Retail Division (No. of Stores)

 

Fashion Wear

3

Value Bazaar

28

Exclusive Brand Outlets

17

Total

48

Food Court Division (No. of Units)

 

Food Court

8

Fine Dining

5

Banquet

1

Total

14

The company has a diversified business portfolio:

Jewellery: The company is currently operating

10 retail outlets in Delhi (3), Faridabad (2),

Ghaziabad (2), Noida (1) and Palwal (2); The

company is having wholesale unit at Chandni

Chowk & Karol Bagh Delhi, Ahmedabad and

Mumbai.

The

company

is

also

running

one

manufacturing unit at Noida SEZ.

 

Cinema Exhibition: Operates a total of 54

Screens at 19 locations in 14 cities namely,

Gurgaon, Faridabad, Bhiwadi, Gorakhpur,

Bijnore, Ghaziabad, Patiala, Ludhiana, Shimla, Bareilly, Lucknow, Agra, Saharanpur and

Hajipur.

Retail: Operates 48 outlets in cities such as

Gurgaon, Delhi, Faridabad, Noida, Palwal,

Ghaziabad, Lucknow etc. including Exclusive

Brand Outlets of Allen Solly, Louis Philippe,

Adidas, Reebok, Samsung , Madame.

 

Food & Beverages: Operates 13 F&B units

and 1 Banquet. Our food & beverages units are

present in cities such as Faridabad, Greater

Noida, Gorakhpur etc.

Key Achievements

Key Achievements
Key Achievements

Following

are

the

consortium:-

key achievements since the date

of

last

Fitch (India Ratings) has upgraded its credit rating for Long Term from BBB to A-/Stable and Short Term from A3+ to A2+.

Opened 4 screens at Saharanpur (UP) and 2 screens at Hajipur (Bihar).

Opened one SRS Value Bazaar at Chhattarpur (Delhi) in 4500 sq. ft., one at Sector-52, Gurgaon in 4400 sq. ft. and one at Main Huda Market, Sector – 21C, Faridabad in 1000 sq. ft.

Awarded highly reputed ‘Debutant e-Retailer of the year 2015 Award’ organized by the Indian eRetail Awards committee for our new venture www.srsgrocery.com

Financial Snapshot

Financial Snapshot Rs. in Cr Financial FY 15 (A) Snapshot FY13 (A) FY 14 (A) Consolida
Financial Snapshot Rs. in Cr Financial FY 15 (A) Snapshot FY13 (A) FY 14 (A) Consolida

Rs. in Cr

Financial

   

FY 15 (A)

Snapshot

FY13 (A)

FY 14 (A)

Consolida ted

Sales

2888.35

3439.38

3891.17

EBIDTA

105.01

110.97

143.03

EBIDTA Margin

3.64%

3.23%

3.68%

PBT

42.32

50.58

51.51

PBT Margin

1.46%

1.47%

1.32%

Net Worth

550.29

593.05

630.93

TOL

729.62

976.01

990.20

TOL/TNW

1.32

1.65

1.57

Highlights for

FY 15 V/s FY 14

Sales

13%.

increased

by

EBIDTA increased by

29%

Performance Comparison of Annual Results

Performance Comparison of Annual Results
Performance Comparison of Annual Results

Rs. in Cr

Particulars

FY13 (A)

FY14

(A)

FY15 (A) Standalone

Jewellery

     

Sale

2629.09

  • 3158.71 3507.77

Retail Sale

165.84

182.68

211.17

Cinema Sale

79.11

  • 83.34 93.72

 

HO

     

(including

14.31

  • 14.65 12.17

F&B)

Total Sales

2888.35

  • 3439.38 3824.83

 

Highlights for FY 15 V/s FY 14

Jewellery by 11.05%.

Sales

increased

Retail Sales increased by

13.49%

Cinema Sales increased by

12.46%

Overall

Sale increased by

11.21%.

Break-up of Sales under Jewellery Vertical

Break-up of Sales under Jewellery Vertical
Break-up of Sales under Jewellery Vertical

Amount (Rs. in Crore)

Particulars

FY 2013-14

FY 2014-15

Standalone

Wholesale

 
  • 2385.00 2505.19

Retail Sale

 
  • 381.13 436.13

Export Sales

 
  • 392.58 566.45

TOTAL

 
  • 3158.71 3507.77

SRS WORLDWIDE FZC STATEMENT OF PROFIT AND LOSS FOR THE PERIOD FROM 12th NOVEMBER 2014 TO
SRS WORLDWIDE FZC STATEMENT OF PROFIT AND LOSS FOR THE PERIOD FROM 12th NOVEMBER 2014 TO

SRS WORLDWIDE FZC

STATEMENT OF PROFIT AND LOSS FOR THE PERIOD FROM 12th NOVEMBER 2014 TO 31st MARCH 2015

Particulars

Income

Note No.

Revenue from Operations

14

Total Revenue

Expenses

Purchase of Stock-in-Trade

15

Change in Inventories

16

Employee Benefits Expenses

17

Finance Cost

18

Depreciation and Amortization Expense

6

Other Expenses

19

Total Expenses

Profit for the period

For the Period 12th November 2014 to 31st March 2015

For the Period 12th November 2014 to 31st March 2015

Amount

Amount

(in AED)

(in Rs.)

39,299,358

663,346,824

39,299,358

663,346,824

38,373,307

647,849,483

(751,741)

(12,759,450)

1,918

32,449

2,729

46,280

906

15,300

181,869

3,089,142

37,808,988

638,273,204

1,490,370

25,073,620

Working Capital Exposure as on May 31, 2015

Working Capital Exposure as on May 31, 2015

Working Capital Exposure as on May 31, 2015

Rs. in Cr

Name of Lender

Sanctioned Limit (Rs. in

Outstanding Limits - May

 

Cr)

 

31, 2015

   

Non

   

Non

 

Fund

Based

Fund

Based

Total

Fund

Based

Fund

Based

Total

State Bank of India

154.41

150.59

305.00

155.64

127.85

283.49

State Bank of Patiala

54.50

35.50

90.00

51.44

35.35

86.79

State Bank of Travancore

20.00

20.00

40.00

19.54

20.00

39.54

State Bank of Bikaner & Jaipur

41.25

8.75

50.00

40.05

8.75

48.80

Bank of India

106.70

73.30

180.00

106.68

70.67

177.35

Oriental Bank of Commerce

50.00

0.00

50.00

 
  • 49.92 49.92

-

 

Union bank of India

100.00

0.00

100.00

 
  • 89.96 89.96

-

 

Syndicate Bank

10.00

0.00

10.00

9.90

-

9.90

Total

536.86

288.14

825.00

523.13

262.62

785.75

Working Capital Exposure as on May 31, 2015 Rs. in Cr Name of Lender Sanctioned Limit

Term Loan Exposure as on May 31, 2015

Term Loan Exposure as on May 31, 2015
Term Loan Exposure as on May 31, 2015

Rs. in Cr

   

Amount

Name of the Lender

Sanctioned Amount

Outstanding

  • (A) Under Consortium Arrangement

 

State Bank of India-TL 1

40.00

0.00

State Bank of India-TL 2

50.00

0.00

State Bank of India-TL 3

10.00

7.33

State Bank of Bikaner and Jaipur

7.80

0.00

State Bank of Patiala –TL 1

25.00

0.00

State Bank of Travancore

10.00

0.00

Union Bank of India

18.50

0.00

Sub Total (A)

161.30

7.33

  • (B) Under Multiple Banking

 

Bank of India -TL

1

15.00

0.00

Bank of India -TL

2

10.00

0.00

Bank of India -TL

3

15.00

0.00

State Bank of Patiala –TL 2

25.00

0.00

IOB

30.00

0.00

Central Bank of India

15.55

0.00

Corporation Bank

25.00

0.00

ICICI

1.50

0.00

Sub Total (B)

137.05

0.00

Grand Total (A+B)

298.35

7.33

*Company has prepaid all the Term Loans from all the banks except Corporate Loan of Rs.10 crores from SBI.

Request to the consortium

Request to the consortium
Request to the consortium

Request to Renew our Limit:-

SBI has already renewed our limits, and request to all other

bankers to kindly renew our limits as well, at the earliest.

Allow to Raise Commercial Papers:-

To bring down the cost of our funds, we request you to extend

approval to raise Commercial Paper so that we may benefit from reduced interest cost. For this, we request you to allocate a part of the overall limits towards the issuance of commercial paper.

Request to Revise the Calculation of Drawing Power

(DP):-

As per the current formula, DP is worked out by subtracting Total

Creditors (LC, SBLC, FLC) from Stock and Debtors. However, this does not take into account the margin on LCs retained with the Bank in the shape of Fixed Deposits where company’s scarce funds get blocked. Hence, request to the consortium that the amount of fixed deposits held as margin be reduced from the outstanding creditors first, then net creditors be reckoned with for the purpose of arriving at the Permissible Drawing Power.

Thank You

Thank You