SRS Limited

Consortium Meeting
Financial Achievements
June 19, 2015

Present Business Operations

Operational Units

The company has a diversified business portfolio:

Jewellery Division
SRS Jewells Retail Store
Wholesale Units
Manufacturing Unit (NSEZ)
Cinema Division (No. of
Screens)
Tier 1
Tier 2
Tier 3
Total
Retail Division (No. of
Stores)
Fashion Wear
Value Bazaar
Exclusive Brand Outlets
Total
Food Court Division (No. of
Units)
Food Court
Fine Dining
Banquet
Total

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
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.

10
4
1

4
31
19
54

3
28
17
48

8
5
1
14

one

Key Achievements
Following are the key achievements since the date of last
consortium: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
Rs. in Cr
Financial
Snapshot
Sales

FY13 (A)

FY 15 (A)
FY 14 (A) Consolida
ted

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

1.32

1.65

1.57

TOL/TNW

Highlights for
FY 15 V/s FY 14
Sales
13%.

increased

by

EBIDTA increased by
29%

Performance Comparison of Annual Results

Rs. in Cr
Particulars

Jewellery
Sale

FY13 (A)

FY14

(A)

FY15 (A)
Standalone

Highlights for
FY 15 V/s FY 14
Jewellery Sales
by 11.05%.

increased

2629.09

3158.71

3507.77

165.84

182.68

211.17

Retail Sales increased by

13.49%

Cinema Sale

79.11

83.34

93.72

HO
(including
F&B)

Cinema Sales increased by

12.46%

14.31

14.65

12.17

Overall Sale increased by

11.21%.

2888.35

3439.38

3824.83

Retail Sale

Total Sales

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

3158.71

3507.77

TOTAL

SRS WORLDWIDE FZC

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

Particulars
Note No.
For the Period 12th
For the Period 12th
November 2014 to 31st
November 2014 to 31st
March 2015
March 2015

Amount
Amount
(in AED)
(in Rs.)

Income

39,299,358 663,346,824
RevenuefromOperations

14

39,299,358
663,346,824
Total Revenue

Expenses

38,373,307 647,849,483
PurchaseofStock-in-Trade

15

(751,741)
(12,759,450)
ChangeinInventories

16
1,918 32,449
EmployeeBenefitsExpenses

17
FinanceCost

DepreciationandAmortizationExpense

18
6

OtherExpenses

19

Total Expenses

Profit for the period

2,729
906

46,280

181,869

37,808,988

1,490,370

3,089,142

638,273,204

25,073,620

15,300

Working Capital Exposure as on May 31, 2015

Rs. in Cr

Name of Lender

State Bank of India

State Bank of Patiala
State Bank of
Travancore
State Bank of Bikaner
& Jaipur
Bank of India
Oriental Bank of
Commerce
Union bank of India
Syndicate Bank
Total

Sanctioned Limit (Rs. in

Cr)
Non
Fund
Fund
Total
Based
Based
154.41

150.59

54.50

35.50

20.00

305.00

Outstanding Limits - May

31, 2015
Non
Fund
Fund
Total
Based
Based
155.64

127.85

283.49

90.00

51.44

35.35

86.79

20.00

40.00

19.54

20.00

39.54

41.25

8.75

50.00

40.05

8.75

48.80

106.70

73.30

106.68

70.67

177.35

50.00

0.00

49.92

49.92

100.00

0.00

89.96

89.96

10.00

0.00

10.00

9.90

9.90

536.86

288.14

825.00

523.13

262.62

785.75

180.00
50.00
100.00

Term Loan Exposure as on May 31, 2015

Rs. in Cr

Name of the Lender

(A) Under Consortium Arrangement
State Bank of India-TL 1
State Bank of India-TL 2
State Bank of India-TL 3
State Bank of Bikaner and Jaipur
State Bank of Patiala TL 1
State Bank of Travancore
Union Bank of India
Sub Total (A)
(B) Under Multiple Banking
Bank of India -TL 1
Bank of India -TL 2
Bank of India -TL 3
State Bank of Patiala TL 2
IOB
Central Bank of India
Corporation Bank
ICICI
Sub Total (B)
Grand Total (A+B)

Sanctioned Amount

Amount
Outstanding

40.00
50.00
10.00
7.80
25.00
10.00
18.50
161.30

0.00
0.00
7.33
0.00
0.00
0.00
0.00
7.33

15.00
10.00
15.00
25.00
30.00
15.55
25.00
1.50
137.05
298.35

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
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 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 companys 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